Carbon Fiber Prepreg is fastest growing segment fueling the growth of Carbon Prepreg Market

 

Carbon Prepreg Market

The global Carbon Prepreg Market is estimated to be valued at US$ 8444.44 Mn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

Carbon prepreg is a fibrous material or fabric which is pre-impregnated with partially cured thermoset polymer resin. It has high strength, stiffness, and excellent fatigue properties. Carbon prepreg is widely used in aerospace & defense as well as various industrial applications.

 

Market key trends:

Carbon prepreg has emerged as a popular raw material for manufacturing lightweight and high strength composites in various industries like aerospace, automotive, wind energy and others. One of the major trends in the carbon prepreg market is development of new resin systems which can deliver higher stiffness, damage tolerance as well as fatigue and impact resistance. Additionally, reduction of curing time and cost of carbon prepreg materials through advancement in resin technology is another key trend. With growing emphasis on reducing weight and emission in automotive industry, adoption of carbon fiber composites is increasing rapidly which is expected to drive the demand for carbon prepreg over the forecast period.

Segment Analysis

 

The global carbon prepreg market is segmented by fiber type, resin type, manufacturing process, end-use industry, and region. Based on fiber type, the market is classified into carbon fiber and others. Carbon fiber dominates the market, accounting for around 90% share in 2023 due to its high strength and stiffness properties.

 

Key Takeaways

 

The Global Carbon Prepreg Market Size is expected to witness high growth, exhibiting CAGR of 9.2% over the forecast period, due to increasing demand from the aerospace and defense industry.

 

Regional analysis

North America dominated the global market in 2023 and is expected to maintain its dominance during the forecast period. This is attributed to increasing aircraft deliveries in the US. The Asia Pacific region is expected to grow at the fastest rate during the forecast period due to expansion of aviation and wind energy industries in China and India.

 

Key players

Key players operating in the carbon prepreg market are ACP Composites Inc., Kordsa Teknik Tekstil AS, Barrday, Gurit, Hexcel Corporation, Lingol Corporation, Mitsubishi Chemical Carbon Fiber and Composites Inc., Park Aerospace Corp., Sgl Carbon, Solvay, Teijin Limited, The Yokohama Rubber Co. Ltd, Toray Industries Inc., and Zyvex Technologies.

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https://www.dailyprbulletin.com/carbon-prepreg-market-size-share-growth-outlook-2023/

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