Detroit, Michigan, April 06th 2022. A research report on the Prepreg Market has recently been published by Stratview Research, which addresses the significant changes in the Prepreg Market. The study's purpose is to recognize recent market sizes for various segments and countries, as well as forecast values for the coming years. This research gives an analytical review of the market’s present trend and future estimates in order to find additional opportunities. The report is meant to provide both qualitative and quantitative aspects of the market in each of the areas and countries studied.
Prepreg is one of the most common forms of composite materials in which the reinforcement material is pre-impregnated with either thermoplastic or thermoset resin system in a predefined ratio. It enables consistent resin/matrix ratio in the finished product; thus, delivering uniform mechanical and physical properties throughout the final part. Stratview Research reckons that the market is expected to recoup in the next five years with a healthy CAGR to reach a value of US$ 5.7 billion in 2026.
Profiling Key Companies:
- Celanese Corporation
- Gurit Holdings, AG
- Hexcel Corporation
- Mitsubishi Chemical Carbon Fiber and Composites, Inc. (MCCFC)
- Park Electrochemical Corp.
- SGL Group SE
- Solvay S.A.
- Teijin Group
- Toray Industries, Inc.
This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
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𝗞𝗲𝘆 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗼𝗳 𝗥𝗲𝗽𝗼𝗿𝘁:
- Assessment of the market
- Competitive Landscape
- COVID Impact Analysis
- Value Chain Analysis
- Historic Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
- Future Business Scope & Opportunities Forecast
Prepreg Market Share by Resin Type
Based on the resin type, we have segmented the market as thermoset prepreg and thermoplastic prepreg. Thermoset prepreg is anticipated to capture the lion’s share in 2020, maintaining its incontestable dominance till 2026. Thermoplastic prepregs, on the other hand, are expected to experience faster recovery during the forecast period. Unlike thermosets, thermoplastics do not need to crosslink. They retain their plasticity, can be melted again and can be reshaped by reheating them above their processing temperatures. These characteristics offer intriguing possibilities for both faster and more innovative composite processing techniques compared to thermoset prepregs.
Prepreg Market Share by Product Type
Based on the product type, we have classified the market as epoxy, phenolic, BMI, cyanate ester, polyimide, PPS, PEEK, PEI, and other prepregs. Epoxy prepreg is expected to remain the largest segment, whereas PPS and PEEK are likely to be the fastest-growing segments during the forecast period. Epoxy offers numerous favorable properties such as high chemical resistance, high durability, excellent corrosion resistance, good electrical insulation property, ability to cure over a wide range of temperatures, and excellent fatigue strength. PPS, PEI, and PEEK polymers offer excellent thermal stability for high-temperature applications which is a critical property in several military, aeroengine, and supersonic business jet programs where aero-frictional heating can generate continuous service temperatures beyond the capabilities of the high-temperature epoxy resin system.
Prepreg Market Share by Curing Type
Based on the curing type, the market is segmented as autoclave, out-of-autoclave, and others. Autoclave is likely to remain the supreme curing type till 2026, whereas out-of-autoclave is expected to heal at the fastest rate post the pandemic. The autoclave process provides a gamut of advantages, excellent part strength with low void content, and greater part consolidation. The market is experiencing a gradual shift of interest towards out-of-autoclave prepreg owing to its substantial cost-savings.
All regions are expected to mark colossal declines in 2020, with North America enduring the most severe blow. Despite the grave consequences of the pandemic, North America is anticipated to rebound quickly to maintain its vanguard in the market during the forecast period, driven by the presence of leading aircraft and automotive OEMs, aeroengine manufacturers, tier players, prepreg manufacturers, and raw material suppliers. The USA remains the growth engine of the region’s market.
Asia-Pacific is expected to show early signs of recovery, expecting to log the fastest recovery in the post-pandemic market scenario, driven by thrust-bearers: China, Japan, and India. Opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial aircraft (COMAC C919), rising aircraft fleet size, increasing military spending by countries such as China and India, and dominance of the region in the consumer goods, automotive, construction, and wind energy are likely to rejuvenate the region’s prepreg demand in the long-term.
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Critical Questions Answered in the Report:
- What are the key trends in the Prepreg Market?
- How the market (and its various sub-segments) has grown in the last five years and what growth trajectory will it follow in the next five years?
- On what scale has COVID-19 impacted the Prepreg Market?
- What are some key strategies adopted by the market leaders in the Prepreg Market?
- How much share of the Prepreg Market do the top players own?
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