Global Carbon Fiber Prepreg Market
Global Carbon Fiber Prepreg Market
  1. Global Carbon Fiber Prepreg Market
  2. Global Carbon Fiber Prepreg Market

Global Carbon Fiber Prepreg Market

$5,000.00

Category:

Global Carbon Fiber Prepreg Market

Carbon fiber prepregs are a lightweight and strong composite material, produced from carbon fibers in a resin matrix. They are used for various purposes such as body panels, roof and flooring, interior trim and furniture panels. Carbon fiber prepreg is made from ABS (acrylonitrile butadiene styrene), PC (polycarbonate) or PETG (polyethylene terephthalate glycol) resins.

The market for carbon fiber prepreg has rapidly gained momentum in the recent years. Besides, this product is used mainly in architecture and sports industry, which highlights its popularity among buyers.

The market has also gained rapid momentum due to the rise in demand for aircraft building material is one of the major factors influencing the industrial growth. Moreover, recent advancements in aircraft manufacturers have created an impetus to its use as an industrial backup material. Furthermore, the growing investments in research & development and technological innovation are further boosting the demand of carbon fiber prepregs.

The Global carbon fiber prepreg  market is a wide range of carbon material used as a manufacturing material in industry, engineering and fabrication industries. Manufacturers mainly use carbon fiber because it has high strength, low density, low friction and high thermal insulating properties. The carbon fiber prepreg market is expected to reach USD 2.34 billion by 2023, growing at a CAGR of 11.2% in the forecast period from 2023 to 2033. In terms of revenue, the carbon fiber prepreg market is ranked seventh, and is likely to grow at an estimated CAGR of 3.2% during the next 7 years.

The report presents the global carbon fiber prepreg market globally and in North America, Latin America; Europe and Asia-Pacific, Middle East and Africa. It studies the major trends, drivers, challenges and opportunities. The report also focuses on the key industries of Carbon Fiber Prepreg. Key companies such as International Composites Composite Group Inc., Grifols S. A., Nippon Carbon Industry Co., Sumitomo Matsushita Carbon Company and Mitsui Chemicals International Holdings Company Ltd.

The carbon fiber prepreg market development is mainly driven by the rising demand for lightweight structural steel and it is expected to gain momentum. Also new construction activities and growing use of carbon fiber in manufacturing sectors are some of the major factors that are anticipated to drive the market growth. Moreover, increasing investments in research and development that are being undertaken by key players of the global carbon fiber prepreg  market will also support its growth. The growing demand for transportation industry coupled with rise in road sector construction activities across several countries has resulted in high demand for various types of carbon fiber buildings.

Key mergers & acquisitions for the carbon fiber prepreg industry were completed by: Osram and Avondale; Hexcel and Albitex; Sun Chemical and Alkemico; Arcadis and Fluidum; Tata Chemicals and Oltmann; Arkema and Carbon Fiber Specialties.

Related products