Carbon Fiber Prepreg Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Carbon Fiber Prepreg Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview 2023-2028:

The global carbon fiber prepreg market size reached US$ 9.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.43% during 2023-2028.

Carbon fiber prepreg refers to a carbon fiber that has been pre-impregnated with catalyzed resins. It is manufactured using thermoset resins, such as epoxy, polyimide, phenols and thermoplastics, through hot melt and solvent dip techniques. These fibers are led through a comb and laid on a carrier paper for lamination with the resin content, which is further covered with another layer of carrier paper. It exhibits high operational strength, stability and resistance to corrosion, fatigue, fire, moisture and chemicals. It is also highly cost-effective and environment-friendly and finds extensive applications across various such as aerospace, defense, automotive, wind energy, sports and recreation, medical, construction, etc.

Carbon Fiber Prepreg Market Trends:
Rapid industrialization, along with increasing adoption of green energy sources, is one of the key factors driving the growth of the market. Furthermore, the steady expansion of the automotive industry is also providing a boost to the market growth. Carbon prepregs are increasingly replacing metals in the production of various automobile components, such as bumpers, fenders, splitters, wheel archers, brake ducts and vents. Additionally, widespread product adoption for the manufacturing of various aerospace equipment is also favoring the market growth. Owing to the several associated benefits, such as high physical strength and structural performance with minimal weight, carbon prepregs are used in the production of cabin linings, air ducts, plenums, bars, seats, partitions, trailing edges and brackets. They are also utilized for manufacturing various sports accessories, such as tennis rackets, bicycles, fishing rods and golf shafts. Other factors, including multiple product innovations and extensive research and development (R&D) activities, are expected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global carbon fiber prepreg market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on manufacturing process, resin type, resin and end use industry.

Breakup by Manufacturing Process:

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Hot Melt
Solvent Dip

Breakup by Resin Type:

Thermoset
Thermoplastic

Breakup by Resin:

Phenolic
Epoxy
Bismaleimide
Polyimide
Cynate Ester
PEEK
Others

Breakup by End Use Industry:

Aerospace and Defense
Automotive
Wind Energy
Sports and Recreation
Others

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Axiom Materials Inc. (Kordsa Incorporated), Gurit (Tianjin) Composite Material Co. Ltd., Hexcel Corporation, Koninklijke Ten Cate B.V. (Tennessee Acquisition Holding B.V.), Mitsubishi Chemical Holdings Corporation, Park Aerospace Corp., Plastic Reinforcement Fabrics Ltd., SGL Carbon SE, Solvay (Daikin), TCR Composites Inc. (ATK Launch Systems), Teijin Limited and Toray Industries Inc.

Key Questions Answered in This Report

1. What was the size of the global carbon fiber prepreg market in 2022?
2. What is the expected growth rate of the global carbon fiber prepreg market during 2023-2028?
3. What are the key factors driving the global carbon fiber prepreg market?
4. What has been the impact of COVID-19 on the global carbon fiber prepreg market?
5. What is the breakup of the global carbon fiber prepreg market based on the manufacturing process?
6. What is the breakup of the global carbon fiber prepreg market based on the resin type?
7. What is the breakup of the global carbon fiber prepreg market based on the resin?
8. What is the breakup of the global carbon fiber prepreg market based on the end use industry?
9. What are the key regions in the global carbon fiber prepreg market?
10. Who are the key players/companies in the global carbon fiber prepreg market?