According to the recent study the prepreg market is projected to reach an estimated $7.0 billion by 2030 from $4.6 billion in 2023, at a CAGR of 6.0% from 2023 to 2030. Growth in this market is primarily driven by growing demand for high performance composite materials and the replacement of metals with composites in different end use industries.
Browse 138 figures / charts and 96 tables in this 240 -page report to understand trends, opportunities and forecast in prepreg market by end use (commercial aerospace, military/defense, general aviation, space/satellite, sporting goods, marine, wind energy, automotive, civil engineering, and others), weave type (fabric prepreg, unidirectional prepreg), manufacturing technology (hot melt and solvent dip), prepreg type (thermoset prepreg and thermoplastic prepreg), reinforcement type (carbon fiber, glass fiber, and aramid fiber), resin type (epoxy prepreg, BMI prepreg, phenolic prepreg, cynate ester prepreg, and thermoplastics prepreg), and region (North America, Europe, Asia Pacific, and Rest of the World).
Lucintel forecasts that commercial aerospace will remain the largest end use by value and volume and it is also expected to witness highest growth over the forecast period due to increasing demand for lightweight materials in new aircraft programs, such as Boeing 787 and Airbus A350.
Thermoset prepreg will remain the largest segment over the forecast period due to its wide usage in aerospace/defense, wind energy and automotive end use. Thermoplastic prepreg is expected to witness the hightest growth over the forecast period.
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North America is expected to remain the largest region and witness the highest growth over the forecast period due to increasing residential construction and government regulations for energy efficiency.
Hexcel Corporation, Solvay, Gurit, Toray Industries Inc., SGL Carbon, Mitsubishi Chemical Corporation, Teijin Limited are the major suppliers in the prepreg providers.
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