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Pulished Date February, 2020
ID: 8573
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Carbon Fiber Prepreg Market by Resin Type (Epoxy, Phenolic, Thermoplastic), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace & Defense, Wind Energy, Sports & Leisure, Automotive) - Global Size, Share, Growth, Trends and Forecast to 2025

Pulished: February, 2020
ID: 8573
Pages: 170

The Global Carbon Fiber Prepreg Market is estimated to grow from USD 7.5 billion in 2020 to USD 12.6 billion by 2025, at a CAGR of 11.2% during the forecast period 2020 and 2025.

Some of the reinforcements used for the prepreg are glass, carbon and aramid fibers. Higher specific stiffness, specific strength, greater corrosion resistance and faster manufacturing are driving the growth of the carbon fiber prepreg market. The prepreg has a high strength to weight ratio, high corrosion and fatigue resistance, and fire resistance, therefore it is favorable for commercial and industrial applications. Carbon fiber prepreg is created by prepreg fibers, which include glass, carbon, and aramid in a matrix material. They exhibit greater operational stability at elevated temperatures compared to materials made from other conventional materials, such as thermosetting composites and metal alloys.

Prepregs are made by two processes: hot melt and solvent immersion. This is accomplished by coating a thin film of heated resin on a paper substrate. The reinforcing material and the resin can interact in the prepreg machine. After the application of pressure and heat, the resin is impregnated into the fiber, resulting in the final prepreg, which is wound into a core. In the solvent soaking process, fabric prepregs are produced by dissolving the resin in a solvent bath and dipping the reinforcing fabric into the resin solution. The solvent is then evaporated from the prepreg using a drying oven. Industries such as aerospace and defense, wind power, sports and the automotive industry are the main end users of carbon fiber prepregs.

Most aerospace composites use carbon prepregs as the raw material, with autoclaving a popular manufacturing process. Carbon fiber composites, due to their properties, such as high strength, stiffness, thermal and chemical resistivity, and various other thermal and chemical properties, etc., are used in aerospace and defense applications. Carbon composites are fast becoming an integral part of the aerospace industry. In addition, these composite materials are increasingly used in military vehicles as they offer the advantage of high strength, stability, toughness, etc. In addition, thermoplastic prepregs are increasingly being considered for new applications in primary structural components such as spars or stiffeners wing boxes and fuselage panels. Teijin, one of the largest carbon prepreg companies, is rapidly expanding its next generation aircraft market by developing intermediate and downstream alignments and related applications, such as cost effective carbon fibers with toughness and intermediate modulus and higher traction materials, including thermoplastic prepreg

Recent Developments 

  • In February 2018, Toho Tenax launches a hybrid prepreg that combines carbon fiber and CNT technology - The new high strength, high impact strength prepreg incorporates carbon fiber developed for aerospace applications and specialized carbon nanotubes - Technology Toho Tenax-Arhive CNT Carbon Prepreg Hybrid fiber. prepreg is a sheet of carbon fiber prepreg with a matrix resin and used as an intermediate material for carbon fiber reinforced plastics.

  • In October 2018, Airtech launched new carbon fiber prepregs. Airtech Advanced Materials Group (Huntington Beach, CA, USA) showcased their new line of LTC3 carbon prepregs, which would offer low temperature curing and high temperature use after post curing, as well as the use of master cast materials at lower cost. According to Airtech, the new prepregs minimize the effects of thermal expansion and provide greater tool precision and less reworking of tools / parts.

  • In June 2016, PRF launched a new epoxy prepreg. PRF Composites, UK specialist in composites, has developed a new highly cured epoxy prepreg system. It has a Tg of 195 ° C (DMA) and excellent mechanical properties in tension, ILS and bending.

Drivers & Restraints in the Carbon Fiber Prepreg Market

The major drivers for the development of the carbon fiber prepreg market are the escalating call for fuel efficient vehicles and the escalating utilization of carbon fiber prepregs in the aerospace, defense and wind industries. In addition, the strong demand from the aerospace industry and the user-friendly and environmentally friendly characteristics of the composite are driving the growth of the global carbon fiber prepreg market. The epoxy resin type segment of the carbon fiber prepreg market is expected to experience significant growth due to its higher operational stability at high temperatures and pressures, as well as better impact resistance. In addition, they are cheaper compared to other resins. The hot melt manufacturing process segment is expected to grow due to its ability to produce unidirectional prepreg fabric and carbon fiber.

The main constraint in the global carbon fiber prepreg market is the high processing and manufacturing costs and issues related to recyclability.

MARKET SEGMENTATION

Carbon Fiber Prepreg Market - By Resin Type

  • Epoxy resin 
  • Phenolic resin 
  • BMI resin 
  • Cyanate ester resin
  • Thermoplastic resin
  • Others

Epoxy resins dominate the general dry carbon fiber market, as they are widely applicable in aerospace and defense, automotive, sports and recreation, wind power and other industries. The cost of processing epoxy resins is high for various end applications; which makes them very expensive. However, due to their rigid nested molecular structure, inert chemical composition, and resistance to UV rays and chemical attack, epoxy resins are very durable. Carbon fiber reinforced epoxy resin is mainly used in the aerospace, defense and automotive industries. It also has a faster cure time compared to other thermosetting resins, making it the preferred choice of automotive manufacturers.

Carbon Fiber Prepreg Market - By Manufacturing Process

  • Hot melt process
  • Solvent DIP process

Both unidirectional and fabric prepregs can be produced using hot melt process, increasing market share. The hot melt manufacturing process segment is expected to experience significant growth in value and volume due to the ability of the hot melt manufacturing process to produce both fabric and unidirectional carbon fiber prepregs.

Carbon Fiber Prepreg Market - By Application

  • Aerospace and defense
  • Automotive
  • Sports and leisure
  • Wind energy
  • Others

The aerospace and defense industry represented a significant share of the market, in terms of value and volume. This is due to the increased production of Boeing and Airbus planes. Boeing and Airbus forecast demand for around 9,200 new wide-body aircraft over the next 25 years. The use of carbon fiber prepreg in narrow body aircraft is also growing. According to The Teal Group, aircraft production is expected to grow 6.2 percent annually, from an estimated market size of $ 172 billion in 2020 to $ 228 billion in 2025.

Carbon Fiber Prepreg Market - By Region

Europe dominated the world market. Germany leads the European automotive market, with 42 engine production and assembly plants contributing one third of total automotive production in Europe. Germany, which is one of the major manufacturing bases of the automotive industry, is home to manufacturers from different segments, such as OEMs, material and component suppliers, engine manufacturers and complete system integrators. . Germany, which is one of the major manufacturing bases of the aviation industry, is home to manufacturers from different segments, such as OEMs, material and component suppliers, engine manufacturers and complete system integrators. . The country is home to numerous production bases for aircraft interior components, MRO (maintenance, repair and overhaul), and construction and lightweight materials, mainly in Bavaria, Bremen, Baden-Württemberg and Mecklenburg-Vorpommern. It is estimated that more than 30 to 36,000 new aircraft will be operational over the next 25 years to meet growing aviation demand. Therefore, the increase in aircraft production is also expected to contribute to the growth of the market during the forecast period.

Leading Company

Solvay is one of the leading manufacturers of carbon fiber prepregs in the European region. The company has a large portfolio of products related to carbon fiber prepregs. It focuses on the development of high quality carbon fiber prepregs for use in various end use industries.

Key Players

Key players in the global carbon fiber prepreg market include SGL Group, Solvay SA, Gurit Holdings AG, Toray Industries, Park Electrochemical Corporation, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., Axiom Materials, etc.

COVID – 19 Impact on the Carbon Fiber Prepreg Market

The staggering ramifications of the COVID-19 pandemic have affected all of us. Global personal losses are nothing short of devastating and preventative measures such as widespread closures and physical distancing, while necessary, have completely transformed our daily reality into what may seem like a surreal nightmare. The vast economic effect of the coronavirus is not yet known and may not be fully considered for some time. COVID-19 can influence the worldwide economy in 3 major ways: directly affecting production and demand, creating disruption in the supply chain and market, and through its financial impact on businesses and financial markets.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 epoxy        

                                5.1.3 cyanate ester         

                                5.1.4 others       

                                5.1.5 Y-o-Y Growth Analysis, By Type     

                                5.1.6 Market Attractiveness Analysis, By Type   

                                5.1.7 Market Share Analysis, By Type     

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 aerospace               

                                5.2.3 defense   

                                5.2.4 others       

                                5.2.5 Y-o-Y Growth Analysis, By Application         

                                5.2.6 Market Attractiveness Analysis, By Application       

                                5.2.7 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                                6.1.3.4 By Indication

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                                6.1.4.4 By Indication

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                                                6.1.5.4 By Indication

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Mitsubishi Rayon Co., Ltd                                          

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Teijin Limited                             

                8.3 Hexcel Corporation                 

                8.4 Toray Industries                       

                8.5 Royal TenCate N.V                  

                8.6 Cytec Solvay Group                 

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of by resin type,by end user, along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Carbon Fiber Prepreg  Market By Region, From 2020-2025( USD Billion )

  2. Global Carbon Fiber Prepreg  Market By Type, From 2020-2025( USD Billion )

  3. Global epoxy Market By Region, From 2020-2025( USD Billion )

  4. Global cyanate ester Market By Region, From 2020-2025( USD Billion )

  5. Global others Market By Region, From 2020-2025( USD Billion )

  6. Global Carbon Fiber Prepreg  Market By Application, From 2020-2025( USD Billion )

  7. Global aerospace Market By Region, From 2020-2025( USD Billion )

  8. Global defense Market By Region, From 2020-2025( USD Billion )

  9. Global others Market By Region, From 2020-2025( USD Billion )

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