Glass Fiber Prepreg Market Projected to Grow at a Steady Pace
Stratview Research publishes a new report titled Glass Fiber Prepreg Market which is segmented by End-Use Industry Type (Aerospace & Defense, Automotive, Consumer Goods, Wind Energy, and Others), by Resin Type (Thermoset Prepreg and Thermoplastic Prepreg), by Form Type (UD Prepreg and Fabric Prepreg), by Curing Type (Autoclave, Out of Autoclave, and Others), by Product Type (Epoxy, Phenolic, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Market Insights
Glass fiber or fiberglass is the oldest, and most familiar, performance fiber. Prepregs made from glass fiber offer several advantages such as superior FST performance, moderate strength-to-weight ratio, and are lower in weight as compared to traditional materials, such as aluminum and steel. Glass fiber is widely used by various part fabricators to reduce the weight in different applications such as automotive components, wind turbine blades, and sporting goods. However, the crucial factor acting as the market constraint is its possible carcinogenic effect, coupled with low awareness about its usage in the emerging economies.
The year 2020 has unfolded as one of the most perplexing times, causing dismay across end-use industries. The biggest demand-generator, wind energy is no exception. With the disruption in the supply chain, production delays and halts, deferring project milestones, and canceled orders, the industry is facing a grave impact of the pandemic’s aftermath.
Stratview Research’s estimates suggest that the market is set to log a massive downturn in 2020, subsequently picking up pace during the next five years to reach an estimated value of US$ 762.2 million in 2026. Several factors behind this long-term rejuvenation of glass prepreg demand would be increasing demand for lightweight vehicles and aircraft, growing usage in new applications, the introduction of stricter emission regulations, etc. Furthermore, the governments of all the major economies are heavily investing in renewable sources of energy such as wind energy, assuring a sustainable demand for composite materials.
Why is this report beneficial?
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
It also offers –
- Market Overview
- Key Manufacturers Profiles
- Market Analysis by Region
- Market Segment by Type
- Market Segment by Application
- Raw Material and Supply Chain
- Other Key Research Findings
All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.
Key players active in the market –
The following are some of the key players in the Glass Fiber Prepreg Market:
· Gurit Holding AG
· Hexcel Corporation
· Kordsa Teknik Tekstil
· Park Aerospace Corp
· Solvay S.A.
· Toray Industries, Inc.
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