The global prepreg market size was significantly increases and expected to register a steady revenue growth during the forecast due to increasing demand in various applications such as wind energy, and automotive, aerospace, defence. Furthermore, importance of prepreg is growing day-by-day due to their several features such as strength, fatigue resistance, ease of shaping, high stiffness, and low density over steel and other nonferrous metals. The “Carbon Fiber Prepreg” is the highest growing stimulus segment of the market due to their superior properties such as high strength, modulus of elasticity and low density over the forecast period.

Data Bridge Market Research analyses that the prepreg market was valued at USD 7.00 billion in 2021 and is expected to reach USD 18.61 billion by 2029, registering a CAGR of 13.00% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Some of the major players operating in the prepreg market are:

• Evonik Industries AG (Germany)
• Teijin Limited (Japan)
• SGL Group (Germany)
• DSM (Netherlands)
• SABIC (Saudi Arabia)
• Solvay (Belgium)
• Hexcel Corporation (U.S.)
• Toray Industries Inc., (Japan)
• 3M (U.S.)
• BASF SE (Germany)
• Covestro AG (Germany)
• Dow (U.S.)
• Borealis AG (Austria)
• ZOLTEK (U.S.)
• Celanese Corporation (U.S.)
•  Mitsubishi Chemical Corporation (Japan)
•  PARK AEROSPACE CORP (U.S.)
•  Gurit (Switzerland)
• Teijin Aramid B.V (Japan), Axiom Materials (U.S.)

Scope of the Prepreg Market Report: 

The prepreg market is segmented on the basis of product, resin type, weave type, manufacturing process, fiber reinforcement type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Glass Fiber Prepreg
• Carbon Fiber Prepreg
• Aramid Fiber Prepreg

 Resin Type

• Thermoset Prepreg
• Thermoplastic Prepreg

Weave Type

• UD Prepreg
• Fabric Prepreg

 Manufacturing Process

• Hot Melt
• Solvent Dip

Fiber Reinforcement Type

• Carbon Fiber Prepreg
• Glass Fiber Prepreg
• Aramid Fiber Prepreg
• Other

 Application

• Aerospace and Defense
• Wind Energy
• Sporting Goods
• Automotive
• Electronics
• Others

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Prepreg Market Regional Analysis/Insights

The Prepreg market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Prepreg market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Prepreg within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Prepreg market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.