Carbon Prepreg Market Share, Size, Trends, Industry Analysis Report, By Resin Type (Epoxy Resin, Phenolic Resin, BMI Resin, Cyanate Ester Resin, Thermoplastic Resin, and Others); By Manufacturing Process; By Application; By Region; Segment Forecast, 2023

Carbon Prepreg Market Share, Size, Trends, Industry Analysis Report, By Resin Type (Epoxy Resin, Phenolic Resin, BMI Resin, Cyanate Ester Resin, Thermoplastic Resin, and Others); By Manufacturing Process; By Application; By Region; Segment Forecast, 2023 - 2032

The global carbon prepreg market size is expected to reach USD 34.88 billion by 2032, according to a new study by Polaris Market Research. The report “Carbon Prepreg Market Share, Size, Trends, Industry Analysis Report, By Resin Type (Epoxy Resin, Phenolic Resin, BMI Resin, Cyanate Ester Resin, Thermoplastic Resin, and Others); By Manufacturing Process; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising product demand for wide range of industries including wind energy, sporting goods, aerospace & defense, and sporting goods and widespread product adoption due to its high resilience to corrosion, high strength-to-weight ratio, and enhanced fire resistance are propelling the demand and growth of the global market.

Moreover, the rapid rate of industrialization and prevalence for green energy sources across emerging economies and development in R&D activities is further expected to create lucrative growth opportunities for the market. For instance, in December 2022, Haydale, introduced its graphene based prepreg, made to cater composite tooling with the extended life of tooling and enhanced surface quality. The company is producing the product the product with both standard & nano-enhanced without any deterioration of the mold surface.

Carbon prepreg materials have been finding new applications in the renewable energy sector in the recent years particularly in the production of wind turbine blades. As wind turbines become larger and more efficient, there is a need for stronger and more durable materials to withstand the complexities with the operations, thus the need for the product is being positively influenced. Furthermore, 3D printing technology has gained huge potential to revolutionize the manufacturing of carbon fiber composites including the carbon prepregs.

Apart from this, additive manufacturing processes such as continuous fiber reinforcement printing that can produce complex-shaped carbon fiber composites with high precision and improved efficiency, is also likely to expand new significant growth opportunities in the near future.

Carbon Prepreg Market Report Highlights

Thermoplastic resin segment is projected to grow at a maximum CAGR during the anticipated period, on account of its high utilization in numerous applications like window frames and packaging containers

Hot melt process segment accounted for largest market share in 2022, which is mainly driven by its beneficial properties including eco-friendly and improving the product quality

Aerospace & defense segment held the maximum market share in 2022, mainly due to the rising investments towards the development of aerospace sector and growing demand for manufacturing aircraft components

North America region dominated the global market in 2022, owing to quick adoption of advanced production technologies and significant growth in numerous industry verticals

The global key market players include Solvay Group, Hexcel Corporation, Teijin Ltd., Gurit Holding, Park Aerospace, and Plastic Reinforcement Plastics

Polaris Market Research has segmented the carbon prepreg market report based on resin type, manufacturing process, application, and region:

Carbon Prepreg, Resin Type Outlook (Revenue - USD Billion, 2019 - 2032)

Epoxy Resin

Phenolic Resin

BMI Resin

Cyanate Ester Resin

Thermoplastic Resin

Others

Carbon Prepreg, Manufacturing Process Outlook (Revenue - USD Billion, 2019 - 2032)

Hot Melt Process

Solvent Dip Process

Carbon Prepreg, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Aerospace & Defense

Automotive

Sports and Leisure

Wild Energy

Others

Carbon Prepreg, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa