Product Code: CH 5064
"The carbon fiber prepreg market is projected to register a CAGR of 10.5% during the forecast period."
The carbon fiber prepreg market is projected to reach USD 11.5 billion by 2024, at a CAGR of 10.5% between 2019 and 2024. The major drivers stimulating the carbon fiber prepreg market are an increase in demand for carbon fiber prepreg in electric cars and growing commercial aircrafts production. The major restraining factors of this market include limitation in the use of carbon fiber prepreg in high-temperature aerospace applications, and high processing and manufacturing cost.
"Aerospace & defense is the fastest-growing end-use industry in the carbon fiber prepreg market, in terms of value."
The aerospace & defense industry constituted a major portion in the carbon fiber prepreg market, by value and volume. The properties exhibited by carbon fiber prepreg is one of the factors driving the carbon fiber prepreg market in the aerospace & defense industry, as they offer a complete solution including lightweight, ease of construction, resistance against corrosion & chemicals, and operational stability at high temperatures. This helps improve fuel efficiency and performance of aircraft. Nowadays, almost 50% of the materials used in aircraft are carbon fiber prepregs.
"Europe is the fastest-growing market for carbon fiber prepreg."
Europe is expected to be the fastest-growing carbon fiber prepreg market during the next five years. The main factor that is expected to contribute to this growth is the increasing demand from the aerospace, automotive, and wind energy industries in the region. The market in the region is driven by the presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations in the region. In 2015, BMW started using carbon fiber implants in its 7-series sedan. There are a large number of offshore wind energy installations, especially in the UK and Germany.
This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:
- By company type - Tier 1- 35%, Tier 2- 25%, and Tier 3- 40%
- By designation - C Level- 35%, Director Level- 30%, and Others- 35%
- By region - North America- 25%, Europe- 30%, APAC- 30%, Latin America-5%, and Middle East & Africa-10%
The report provides a comprehensive analysis of company profiles listed below:
- Solvay (Belgium)
- Royal TenCate N.V. (Netherlands)
- Teijin Limited (Japan)
- Toray Industries, INC. (Japan)
- Hexcel Corporation (Connecticut, US)
- SGL Group (Germany)
- Gurit Holdings AG (Wattwil, Switzerland)
- Park Electrochemical Corporation (Melville, US)
- Mitsubishi Rayon Co. Ltd. (Tokyo, Japan)
- Axiom Materials (California, U.S.)
Research Coverage:
This report covers the global carbon fiber prepreg market and forecasts the market size until 2024. The report includes the market segmentation by resin type (epoxy, phenolic, thermoplastic, bismaleimide (BMI), polyimide, and others), by application (aerospace & defense, automotive, sports & recreation, wind energy, and others), by manufacturing process (hot melt and solvent dip) and region (Europe, North America, APAC, Latin America, and MEA). Porter's Five Forces analysis along with the drivers, restraints, opportunities, and challenges are discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global carbon fiber prepreg market.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants in this market in the following ways:
- 1. This report segments the global carbon fiber prepreg market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments across different verticals and regions.
- 2. The report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
- 3. This report will help stakeholders to understand competitors better and gain more insights to better their positions in their businesses. The competitive landscape section includes the competitor ecosystem, new product launches, agreements, contracts, joint ventures, partnerships, expansions, and mergers & acquisitions.
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. OBJECTIVES OF THE STUDY
- 1.2. MARKET DEFINITION
- 1.3. SCOPE OF THE STUDY
- 1.3.1. YEARS CONSIDERED FOR THE STUDY
- 1.4. CURRENCY
- 1.5. UNIT CONSIDERED
- 1.6. LIMITATIONS
- 1.7. STAKEHOLDERS
2. RESEARCH METHODOLOGY
- 2.1. RESEARCH DATA
- 2.1.1. SECONDARY DATA
- 2.1.1.1. Key data from secondary sources
- 2.1.2. PRIMARY DATA
- 2.1.2.1. Key data from primary sources
- 2.1.2.2. Key industry insights
- 2.1.2.3. Breakdown of primary interviews
- 2.2. MARKET SIZE ESTIMATION
- 2.2.1. BOTTOM-UP APPROACH
- 2.2.2. TOP-DOWN APPROACH
- 2.3. MARKET BREAKDOWN AND DATA TRIANGULATION
- 2.4. RESEARCH ASSUMPTIONS
- 2.5. LIMITATIONS
3. EXECUTIVE SUMMARY
4. PREMIUM INSIGHTS
- 4.1. ATTRACTIVE OPPORTUNITIES IN CARBON FIBER PREPREG MARKET
- 4.2. CARBON FIBER PREPREG MARKET, BY MANUFACTURING PROCESS
- 4.3. CARBON FIBER PREPREG MARKET, BY RESIN TYPE
- 4.4. CARBON FIBER PREPREG MARKET SIZE, BY END-USE INDUSTRY
- 4.5. CARBON FIBER PREPREG MARKET, BY END-USE INDUSTRY AND COUNTRY
- 4.6. CARBON FIBER PREPREG MARKET, BY COUNTRY
5. MARKET OVERVIEW
- 5.1. INTRODUCTION
- 5.2. MARKET DYNAMICS
- 5.2.1. DRIVERS
- 5.2.1.1. Increasing use of carbon fiber prepreg in electric cars
- 5.2.1.2. Increasing use of ATF and AFP technologies for manufacturing aircraft primary structures
- 5.2.1.3. Demand for larger wind turbines and increasing length of wind blades
- 5.2.1.4. Increasing commercial aircrafts production
- 5.2.2. RESTRAINTS
- 5.2.2.1. High processing and manufacturing cost
- 5.2.2.2. Limitation in the use of carbon fiber prepreg in high-temperature aerospace applications
- 5.2.3. OPPORTUNITIES
- 5.2.3.1. Reduction in cost of carbon fibers
- 5.2.3.2. Development of advanced software tools for carbon fiber prepreg product development
- 5.2.4. CHALLENGES
- 5.2.4.1. High research and development cost
- 5.3. PORTER'S FIVE FORCES ANALYSIS
- 5.3.1. THREAT OF NEW ENTRANTS
- 5.3.2. THREAT OF SUBSTITUTES
- 5.3.3. BARGAINING POWER OF BUYERS
- 5.3.4. BARGAINING POWER OF SUPPLIERS
- 5.3.5. INTENSITY OF RIVALRY
6. MACROECONOMIC OVERVIEW AND KEY TRENDS
- 6.1. INTRODUCTION
- 6.2. TRENDS AND FORECAST OF GDP
- 6.3. TRENDS IN AEROSPACE & DEFENSE INDUSTRY
- 6.4. TRENDS IN AUTOMOTIVE INDUSTRY
- 6.5. TRENDS IN WIND ENERGY INDUSTRY
7. CARBON FIBER PREPREG MARKET, BY MANUFACTURING PROCESS
- 7.1. INTRODUCTION
- 7.2. HOT MELT PROCESS
- 7.2.1. HIGH-SPEED PRODUCTION WITH NO THERMAL STRESS ON SUBSTRATE IS AIDING THE MARKET GROWTH
- 7.3. SOLVENT DIP PROCESS
- 7.3.1. INCREASING DEMAND FOR HIGH-TEMPERATURE RESISTANT PREPREG IS DRIVING SOLVENT DIP PROCESS
8. CARBON FIBER PREPREG MARKET, BY RESIN TYPE
- 8.1. INTRODUCTION
- 8.2. EPOXY RESIN
- 8.2.1. EPOXY RESIN SEGMENT DOMINATES OVERALL CARBON FIBER PREPREG MARKET
- 8.3. PHENOLIC RESIN
- 8.3.1. PHENOLIC RESIN-BASED CARBON FIBER PREPREG IS EXPECTED TO HAVE HIGH DEMAND FROM AEROSPACE & DEFENSE AND AUTOMOTIVE INDUSTRIES
- 8.4. THERMOPLASTIC RESIN
- 8.4.1. DEMAND FOR THERMOPLASTIC RESIN-BASED CARBON FIBER PREPREG IS DRIVEN BY ITS ABILITY TO RE-FORM PARTS EVEN AFTER REPEATED HEATING AND COOLING
- 8.5. BISMALEIMIDE RESIN
- 8.5.1. GROWING DEMAND FOR HIGH-TEMPERATURE APPLICATIONS IS DRIVING THE DEMAND OF BMI RESIN SEGMENT
- 8.6. POLYIMIDE RESIN
- 8.6.1. INCREASING USE OF CARBON FIBER PREPREG IN EXTREMELY HIGH-TEMPERATURE DEFENSE AND SPACE APPLICATIONS IS LIKELY TO BOOST THE DEMAND OF POLYIMIDE RESIN
- 8.7. OTHER RESINS
9. CARBON FIBER PREPREG MARKET, BY END-USE INDUSTRY
- 9.1. INTRODUCTION
- 9.2. AEROSPACE & DEFENSE
- 9.2.1. BOEING AND AIRBUS INCREASING AIRCRAFT PRODUCTION TO DRIVE DEMAND FOR CARBON FIBER PREPREG
- 9.3. WIND ENERGY
- 9.3.1. GROWTH IN INSTALLATION OF OFFSHORE WIND ENERGY TURBINES WILL INCREASE THE DEMAND FOR CARBON FIBER PREPREG
- 9.4. SPORTS & RECREATION
- 9.4.1. LIGHTWEIGHT AND HIGH STRENGTH OF CARBON FIBER PREPREG IS INCREASING ITS ADOPTION IN SPORTING GOODS
- 9.5. AUTOMOTIVE
- 9.5.1. GROWING USE OF CARBON FIBER PREPREG IN ELECTRIC CARS WILL HAVE SIGNIFICANT IMPACT ON THE MARKET
- 9.6. OTHERS
10. CARBON FIBER PREPREG MARKET, BY REGION
- 10.1. INTRODUCTION
- 10.2. EUROPE
- 10.2.1. GERMANY
- 10.2.1.1. Demand for carbon fiber prepreg driven by rapidly increasing wind energy capacity addition and production of lightweight electric cars
- 10.2.2. FRANCE
- 10.2.2.1. Aerospace & defense industry is expected to drive the carbon fiber prepreg market
- 10.2.3. UK
- 10.2.3.1. Presence of large aerospace & defense industry and rising offshore wind energy installation is driving the market
- 10.2.4. ITALY
- 10.2.4.1. Increasing consumption of carbon fiber prepreg in automotive and construction & infrastructure industries is driving the market
- 10.2.5. SPAIN
- 10.2.5.1. Steady growth of economy along with rising aircraft production is driving the market
- 10.2.6. AUSTRIA
- 10.2.6.1. Aerospace & defense and automotive industries are expected to drive the carbon fiber pRepreg market
- 10.2.7. REST OF EUROPE
- 10.3. NORTH AMERICA
- 10.3.1. US
- 10.3.1.1. US dominates the carbon fiber prepreg market in north america
- 10.3.2. CANADA
- 10.3.2.1. Aerospace & defense and wind energy are the major consumers of carbon fiber prepreg in canada
- 10.4. APAC
- 10.4.1. CHINA
- 10.4.1.1. Sports & recreation industry dominates overall carbon fiber prepreg market, in terms of volume
- 10.4.2. JAPAN
- 10.4.2.1. presence of large carbon fiber prepreg manufacturers is driving the market in japan
- 10.4.3. SOUTH KOREA
- 10.4.3.1. automotive and marine industries are expected to drive the carbon fiber prepreg market
- 10.4.4. AUSTRALIA
- 10.4.4.1. huge investment made by government in automotive industry to drive the carbon fiber prepreg market
- 10.4.5. INDIA
- 10.4.5.1. increasing aircraft production and drive towards clean energy is likely to drive the carbon fiber prepreg market
- 10.4.6. MALAYSIA
- 10.4.6.1. Aerospace & defense and rail industries are likely to drive the carbon fiber pRepreg market
- 10.4.7. REST OF APAC
- 10.5. LATIN AMERICA
- 10.5.1. BRAZIL
- 10.5.1.1. consolidation of Embraer with Boeing to increase aircraft production is expected to drive the carbon fiber prepreg market
- 10.5.2. MEXICO
- 10.5.2.1. Rising demand of carbon fiber prepreg from automotive and wind energy industries to drive the market
- 10.5.3. REST OF LATIN AMERICA
- 10.6. MEA
- 10.6.1. UAE
- 10.6.1.1. Stringent regulations regarding fuel economy and emission standards is likely to drive the market
- 10.6.2. SOUTH AFRICA
- 10.6.2.1. growing economy and increasing domestic demand is driving the carbon fiber prepreg market in south africa
- 10.6.3. REST OF MEA
11. COMPETITIVE LANDSCAPE
- 11.1. OVERVIEW
- 11.1.1. AGREEMENTS, CONTRACTS, PARTNERSHIPS & JOINT VENTURES
- 11.1.2. EXPANSIONS
- 11.1.3. NEW PRODUCT LAUNCHES
- 11.1.4. MERGERS & ACQUISITIONS
- 11.2. COMPETITIVE LEADERSHIP MAPPING (TIER 1 COMPANIES)
- 11.2.1. DYNAMIC DIFFERENTIATORS
- 11.2.2. INNOVATORS
- 11.2.3. VANGUARD
- 11.2.4. EMERGING COMPANIES
- 11.2.5. COMPETITIVE BENCHMARKING
- 11.2.5.1. Product Offering
- 11.2.5.2. Business strategy
- 11.3. COMPETITIVE LEADERSHIP MAPPING (TIER 2 AND 3 COMPANIES)
- 11.3.1. DYNAMICS DIFFERENTIATORS
- 11.3.2. INNOVATORS
- 11.3.3. VANGUARD
- 11.3.4. EMERGING COMPANIES
- 11.3.5. COMPETITIVE BENCHMARKING
- 11.3.5.1. Product Offering
- 11.3.5.2. Business strategy
12. COMPANY PROFILES (Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
- 12.1. MITSUBISHI RAYON CO. LTD.
- 12.2. SOLVAY
- 12.3. TEIJIN LIMITED
- 12.4. TORAY INDUSTRIES INC.
- 12.5. HEXCEL CORPORATION
- 12.6. GURIT HOLDING AG
- 12.7. ROYAL TENCATE N.V.
- 12.8. SGL GROUP
- 12.9. PARK ELECTROCHEMICAL CORPORATION
- 12.10. AXIOM MATERIALS
- 12.11. OTHER KEY PLAYERS
- 12.11.1. HC COMPOSITE
- 12.11.2. KINECO
- 12.11.3. TAIWAN FIRST LI-BOND CO., LTD.
- 12.11.4. NORTH THIN PLY TECHNOLOGY
- 12.11.5. TCR COMPOSITES
- 12.11.6. PRF COMPOSITE MATERIALS
- 12.11.7. BARRDAY CORPORATION
- 12.11.8. GMS COMPOSITES
- 12.11.9. HANKUK CARBON
- 12.11.10. ABC COMPOSITES
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13. APPENDIX
- 13.1. DISCUSSION GUIDE
- 13.2. KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3. AVAILABLE CUSTOMIZATIONS
- 13.4. RELATED REPORTS
- 13.5. AUTHOR DETAILS
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