Global Thermoset Prepreg Market Report, History and Forecast 2017-2028
Market Analysis and Insights: Global Thermoset Prepreg Market
Prepreg is a resin matrix and reinforcement composition made of resin matrix by impregnating fiber reinforcement under strictly controlled conditions, which can be directly used for manufacturing and processing into various composite material components. Specifically, prepreg is a semi-finished product of composite material, but it has certain mechanical properties, and these mechanical properties are the basis of composite material performance, and can basically be brought into composite material and its components intact. In addition, the process performance of the composite material is also determined by the properties of the prepreg.
Thermoset resins have mature technology and stable performance, and are currently widely used in the aerospace field. However, the high storage costs and curing costs in the subsequent links are the key factors for the high cost of the middle and downstream links. With the lightweight and high speed of aerospace, the lightweight and flame retardant of rail transit, the rapid development of high integration of electronic appliances, the flame retardancy, mechanical properties, heat resistance and dimensional stability of composite materials The requirements are getting higher and higher, and the requirements for thermoset prepregs are becoming more and more stringent.
Due to the COVID-19 pandemic, the global Thermoset Prepreg market size was value at US$ 2397 million in 2021 and is forecast to be a readjusted size of US$ 7036 million by 2028 with a CAGR of 17.6% during the forecast period 2022-2028.
The global main manufacturers of Thermoset Prepreg include Hexcel, AVIC Aviation High-Technology, Solvay, Toray, Axiom Materials (Kordsa), Mitsubishi Chemical, Teijin Group, SGL Carbon, ENEOS and Jiangsu Hengshen, etc. In 2021, the global ten largest players have a share approximately 89% in terms of revenue.
The North America Thermoset Prepreg market size was US$ 1008 million in 2021, while China was about US$ 106 million. As for the Europe Thermoset Prepreg landscape, Germany is projected to reach US$ 370 million by 2028. And in Asia, the notable markets are Japan and South Korea, CAGR is 18.8% and 17% respectively for the next 6-year period.
Fully considering the economic change by the COVID-19, Epoxy Prepreg accounting for 65% of the Thermoset Prepreg global market in 2021, is projected to value US$ 4640 million by 2028, growing at a revised 17.8% CAGR from 2022 to 2028. While Aerospace segment is altered to an 18.1 % CAGR throughout this forecast period and will hold a share about 66% in 2028.
Global Thermoset Prepreg Scope and Market Size
The global Thermoset Prepreg market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Thermoset Prepreg market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.
By Company
Hexcel
AVIC Aviation High-Technology
Toray
Solvay
Mitsubishi Chemical
Teijin Group
Axiom Materials (Kordsa)
SGL Group
ENEOS Techno Materials
Jiangsu Hengshen
Gurit
GW Compos
Park Aerospace
Sichuan Xinwanxing
Krempel
Jiangsu Aosheng
Impregnatex Compositi Srl
Barrday
APCM
3A Associates
Arlon EMD
Segment by Type
Epoxy Prepreg
Phenolic Prepreg
BMI Prepreg
Cyanate Ester Prepreg
Polyimide Prepreg
Segment by Application
Aerospace
Electrical and Electronics
Automotive
Sporting Goods
Construction
Marine
Others
By Region
North America
United States
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Australia
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE
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