Carbon fiber prepreg are used in a wide range of industry
application owing to their excellent properties such as chemical, heat, and
moisture resistance, high tensile strength, and superior mechanical properties
among others. It is extensively used in applications pertaining to aerospace
& defense, automobiles, sports equipments, wind power and others. The
rising growth aerospace & defense across the globe is expected to
substantially contribute to the growth of the carbon fiber prepreg market.
The global carbon fiber prepreg market is driven by the
growing demand for fuel efficient cars and growing investment in the wind
energy. Moreover, it is estimated that the aerospace and defense sector is set
to witness the highest growth during the forecast years. The properties such as
growing operation stability at extreme temperatures and tensile strength has
resulted in the increasing adoption of carbon fiber prepreg in the automotive
and defense industry.
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Competitive Analysis
Some of the prominent players operating in the global carbon
fiber prepreg market Cytec Solvay Group (Brussels, Belgium), Royal TenCate N.V.
(Almeo, Netherlands), Teijin Limited (Osaka, Japan), Toray Industries, Inc.
(Tokyo, Japan), Hexcel Corporation (Connecticut, U.S.), SGL Group (Wiesbaden,
Germany), Gurit Holding AG (Wattwil, Switzerland), Park Electrochemical
Corporation (Melville, U.S.), Mitsubishi Rayon Co., Ltd. (Japan), and Axiom
Materials (California, U.S.) among others.
Market Segmentation
The global carbon fiber prepreg market is segmented into
resin type, manufacturing process and end user industry. On the basis of the
resin type, the market is segregated into epoxy resin, phenolic resin, BMI
resin, cyanate ester resin, thermoplastic resin and other resins. The market by
manufacturing process is segmented into hot melt manufacturing process and
solvent dip manufacturing process. The market by end user industry is further
categorized into automotive, aerospace & defense, sports & leisure,
wind energy, and others.
Market Scenario
On the basis of resin type, the epoxy resin is anticipated
to lead the segment in 2016 and is expected to follow the same trend during the
assessed years. This growth of the segment is mainly attributed to the growing
demand from the automobile, aerospace and defense industry. Moreover, the low
maintenance and durability are other reasons for the employment of epoxy resins
in the end use industries.
Regional Analysis
The global carbon
fiber prepreg market is spanned across five key regions: Asia Pacific,
North America, Europe, Latin America, and the Middle East & Africa. Among
these, North America followed by Asia Pacific holds the major share of the
market and is expected to continue the dominance during the forecast years. The
presence of the most populated countries of the world such as India and China
has augmented the demand for various sectors such as the sports & leisure
products and automobile in turn adding to the market growth. Carbon Fiber
Prepreg is extensively used in the production of bicycles, fishing rods, tennis
rackets, and golf shafts among others. Moreover, the growing installation of
wind energy capacity mainly in China and India to augmented the power sector
also positively effecting the growth of the market.
The North American carbon fiber prepreg market is mainly
driven by the U.S. and Canada. The presence of the developed end-user
industries such as automotive and aerospace coupled with the increasing
adoption rate is contributing significantly to the growth of the market.
Moreover, the growing investment in the wind energy and defense sector is
further expected to add fuel to the growth of the market.
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