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Non-Woven Glass Fibre Prepreg Market by Application (Wind Energy, Electronics, Automotive, Aerospace & Defense, and Others), & by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast | 2022 - 2027

Published: January, 2022
ID: 8266
Pages: 175
Formats: report pdf report excel report power bi report ppt

Non-Woven Glass Fiber Prepreg Market Size (2022 - 2027)

The size of the Non-Woven Glass Fiber Prepreg Market was valued at 512.7 Million in 2022 and is expected to reach USD 843.5 Million by 2027, with a CAGR of 10.8%

Non-woven is a technology that involves processes aside from knitting and weaving. The method started with the formation of a fiber web and was followed by subsequent bonding of those webs with the reinforcing chemicals. The fibers mostly used are carbon, glass, aramid, etc. The method of bonding these reinforced fibers with a matrix of resin is called impregnation, and therefore the combination of reinforcing fiber and resin matrix is termed as prepreg. Thus, non-woven optical fiber prepreg is a strong material with exceptional mechanical properties.

The resins (matrix) utilized in the prepreg depend on the final word applications and properties required within the material. The highly used thermosetting matrix is phenolic, epoxy, and bismaleimide. For example, in aero engines, excellent resistance heat is an important criterion that bismaleimide matrix is employed. The phenolic thermosetting matrix is used for fire resistance, whereas, for excellent mechanical properties, epoxy types are used. Non-woven glass fiber prepreg is used in the aerospace and industrial sector, wherein wind energy in the industrial sector uses prepreg mostly. The global non-woven glass fiber prepreg market is anticipated to grow relatively at a higher rate with the increased growth in the end-use industries.

Recent Developments:

The study that was conducted on the impact properties of hybrid composite materials shows that materials are made up of woven carbon fibers plus flax fibers in an epoxy matrix. Geometric properties and Photographic thermography were tested by using an impact pendulum tester. Type A (woven- unidirectional) & B (poly linked - cross) a range of impact energies tested composite plates. The results indicated that B (Cross – poly linked) composite had beer impact performance. The type A & B composites were much superior in impact properties in comparison to flax fiber–reinforced epoxy composites.

Non-Woven Glass Fiber Prepreg Market Drivers:

Increased investments in aerospace & defense, wind energy & industry by many emerging countries like India, China, Japan, and South Korea have boomed the expansion of the market. The drive to enhance industries by technology transfer has aggravated the market players to take a position in this sector. With the advancement in technology in aerospace defense & automation & look for a replacement potent renewable source of energy, the market has seen a rapid climb & is predicted to grow more within the forecast period. Wind energy is one of the main segments of the Non-Woven optical fiber Prepreg market. Non-woven optical fiber prepreg-based turbine blades have a higher load-bearing capacity than woven prepreg-based blades, and thus, these fiber materials are highly suitable for extended wind blades.

Non-Woven Glass Fiber Prepreg Market Restraints:

Stringent government regulations have pushed automakers to either reduce the vehicle weight or reduce the engine size to enhance fuel efficiency & reduce carbon emissions. Auto OEMs are about to invest more in lightweight materials like non-woven prepreg to follow the regulations. This is often expected to push the demand for non-woven optical fiber prepreg within the global automation industries. Many developed countries like the united states of America, Canada, Germany, Japan, France & Spain have also invested heavily in Non-Woven Glass Fibred Prepreg technologies. Lack of coordination & availability of raw materials has hindered a bit within the market’s growth.

NON-WOVEN GLASS FIBER PREPREG MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021-2026

Base Year

2021

Forecast Period

2022 - 2027

CAGR

10.8%

Segments Covered

By Application, By Region

 

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

  1. Owens Corning 

  2. Seartex

  3. PPG Fiberglass

  4. Jushi

  5. CPIC

  6. Taishan Fiberglass (China)

  7. Vestas

  8. Gamesa

  9. GE Energy

Non-Woven Glass Fiber Prepreg Market Segmentation:

Non-Woven Glass Fiber Prepreg Market By Application

  • Wind Energy

  • Electronics

  • Automotive

  • Aerospace & Defense

Wind energy is anticipated to remain the most important user of the non-woven glass fiber prepreg market during the forecast period, driven by increasing wind energy installations worldwide. The continually increasing wind blade length needs a cloth that has high load-bearing properties. Non-woven optical fiber prepreg-based turbine blades provide higher load-bearing capacity than woven prepreg-based blades and are highly suitable for extended wind blades.

Stringent regulations are laid on the automotive sector so as to cut back CO2 emissions. This results in the rise of automotive manufacturers to supply lightweight automobiles by using composites like prepregs. Wind energy is the largest application segment and, therefore, the second-fastest-growing application segment. Prepregs are primarily utilized in the wind blades to offer them structural strength and corrosion resistance. It's a promising sector because it is environment-friendly and of which its demand is predicted to only rise in the future. Growing environmental concerns, especially in countries like China and India, are expected to steer wind energy application expansion within the next five years.

Non-Woven Glass Fiber Prepreg Market By Region

  • Asia Pacific

  • Europe

  • North America

  • Latin America

  • The Middle East and Africa

The global non-woven optical fiber prepreg market is split into seven regions, namely North America, Latin America, the Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan, and the Middle East and Africa (MEA). Europe and North America are the matured markets for the non-woven optical fiber prepreg with the presence of major players within the regions, and it is expected that the growth of the main players will boost the global non-woven glass fiber prepreg market during the estimated period. Next in line is China, which holds for major share in terms of consumption in the Asia Pacific region due to the increasing industrial expansion. The non-woven optical fiber prepreg market is anticipated to grow in Japan, and Latin America, followed by MEA. Overall, the worldwide non-woven optical fiber prepreg market is projected to record significant growth during the forecast period.

Impact of COVID-19 Pandemic on Non-Woven Glass Fiber Prepreg Market:

Covid-19 has a huge impact on the market dynamics and global supply chains. The revenues went down in 2020, and the companies should resume their operations so that they can observe an uptrend gradually from 2021. Companies limiting their operation and strategy will sustain and beat the competition.

Non-Woven Glass Fiber Prepreg Market Key Players:

Prominent Players Operating in the non-woven glass fiber prepreg market globally are:

  1. Owens Corning 

  2. Seartex

  3. PPG Fiberglass

  4. Jushi

  5. CPIC

  6. Taishan Fiberglass (China)

  7. Vestas

  8. Gamesa

  9. GE Energy

  10. Airbus

  11. Boeing

  12. General Motors and Ford

  13. Hexcel Corporation

  14. Gurit Holding AG 

  15. Solvey A.G.

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