Prepreg Market: Opportunities, Size and Growth Projections in Upcoming Years

The Global Prepreg Market is expected to experience double-digit CAGR growth until 2027, driven by the increasing demand for lightweight and high-performance materials in the aerospace and automotive industries, new product developments by various leading players, and growing government investment in aerospace and defence. The market has been divided into two categories based on resin type, namely Thermoset Prepreg and Thermoplastic Prepreg. The thermoplastic prepreg is expected to exhibit the highest CAGR growth during the forecast period, owing to its ease of moulding into various shapes. The APAC region is expected to be the fastest-growing market for prepreg between 2022 and 2027, owing to increased government investment in aerospace and defence, and new product developments by various leading players. China is the leader in the prepreg market in the Asia-Pacific region, due to the growth of the wind energy and aerospace and defence industries. Among the major players in the prepreg market are Royal Ten Cate N.V., Teijin Ltd., and Hexcel Corporation. The Global Prepreg Market also features several other leading players, including Gurit Holding Ag, Barrday Inc., Solvay Group, Axiom Materials, Mitsubishi Rayon Co. Ltd., Park Electrochemical Corp., SGL Group, Toray Industries Inc., Quantum Composites, and Hankuk Carbon Co Ltd.

Objective of the Study:

• To analyse and forecast the market size of Prepreg Market, in terms of value and volume.
• To classify and forecast Global Prepreg Market based on Type of fibre Reinforcement, Resin Type, manufacturing process, application and regional distribution.
• To identify drivers and challenges for Global Prepreg Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Prepreg Market.
• To conduct the pricing analysis for Prepreg Market.
• To identify and analyse the profile of leading players involved in the manufacturing of Global Prepreg Market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

TechSci Research calculated the market size of Global Prepreg Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Prepreg Manufacturers
• Traders, Distributors, and Suppliers
• Raw Material Suppliers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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