Carbon Fiber Prepreg Market Introduction

Carbon Fiber Prepreg Market predicted to value over USD 12 billion by 2027 end and register a CAGR of over 9.4% during the forecast period 2020 to 2027. 

Prepreg is a process of strengthening the fabric using external agents, making it a hybrid. Glass, carbon, and synthetic polymer fibers are commonly used for doing so. To increase the fabric’s durability and the parameters of stiffness and tenacity, this process is carried out. 
Carbon fiber prepregs are synthesised from carbon fibers with epoxy, phenols and thermoplastic resins. Holt melt and solvent dip are two methods employed in the synthesis of carbon fibre prepreg. 
These materials are used in wind technology,  aerospace domains and automotive applications. These are substantial industries and thus are major consumers of this market. 
These industries are constantly expanding and thus drive the demand for these materials. Technological improvements, innovations and urbanization will help expand the market’s global reach. The improved life span of these products and their durability make these materials popular, leading to an increase in demand during the forecast period. 
North America holds the major market share due to the developed aircraft industry. Asia Pacific has an ever-growing aerospace industry and is forecasted to have the highest CAGR in the foreseeable future.

Major firms in the market are Hexcel Corporation, Cytec Solvay Group, Royal Ten Cate N.V, Teijin Limited, and Mitsubishi Rayon Co., Ltd.

Carbon Fiber Prepreg Market Segmentation:
By Resin Type
•    Thermoplastic  
•    Epoxy  
•    Phenolic Resin  
•    Polyimide Resin  
•    Bismaleimide Resin 
•    Other Resins 
By Manufacturing Process
•    Hot melt process 
•    Solvent dip process  
By End-use Industry
•    Automotive 
•    Aerospace & Defense 
•    Sports & Leisure 
•    Wind Energy 
By Region  
•    Europe  
•    North America  
•    APAC 
•    Latin America 
•    Rest of World 
Competitive Landscape:  
•    Tier 1 players- established companies in the market with the major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants   
FutureWise Key Takeaways  
•    Growth prospects  
•    SWOT analysis 
•    Key trends 
•    Key data points affecting market growth  

Objectives of the Study: 
•    To provide with an exhaustive analysis on global carbon fiber prepreg market by resin type, manufacturing process, end-user industry, and region
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
•    To evaluate and forecast micro-markets and the overall market  
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies