Carbon Prepreg Market size is forecast to reach $11.53 billion by 2025, after growing at a CAGR of 9.89% during 2020-2025. Carbon composite fibers are being used in aerospace and defense applications due to their performance, such as high strength, rigidity, resistivity to heat and chemicals and various other heat and chemical properties etc. As part of the aerospace industry, carbon composite structures arise. In addition, the use of composite materials in military vehicles is growing. Further, increases the overall demand over forecast period.
Resin Type – Segment Analysis
For many years, the thermoplastic natural zeolite segment has been Carbon Prepreg primary market. The new applications in primary structural components like stringers or stiffers, wing boxing and fuselage panels are increasingly being considered for thermoplastic resin Prepreg.
End-Use Industry – Segment Analysis
Aerospace and Defense sector has been the primary market for Carbon Prepreg for many years at a CAGR of 6.21%. In custom, airspace manufacturers have switched to carbon composites in contrast to traditional aerospace materials like aluminum for their substantial weight reductions and cost savings. Many aerospace composites use Prepreg carbon as a component in their production cycle with autoclave molding. For civil aviation’s, military aircraft, helicopters, aviation or space satellite and throwers, the aerospace industry is the main producer of Prepreg fuel.
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Geography – Segment Analysis
Europe dominated the Carbon Prepreg Market share with more than 44.26%, followed by North America and APAC. With its 41 assembly and engine plants, Germany is the European market leader, which contributes 1/3 of Europe’s total automotive manufactures. Germany is one of the automotive industry’s leading manufacturing bases and is home to producers in numerous industries, such as machinery makers, suppliers of materials, parts, engine manufacturers and system integrators. Germany is one of the leading aircraft industry manufacturing bases, which involves producers in various sectors such as machinery producers, suppliers of equipment, parts, engine manufacturers which full system integrators.
Drivers – Carbon Prepreg Market
Increasing demand for carbon fiber Prepreg market
The prepreg global carbon fiber market is dominated by epoxy resins, which are commonly used in the space and defense, automotive, sport & recreation, wind and other industries. In different end-use applications, the manufacturing costs of Epoxy Resins are high and very expensive. Due to its special molecular structure, Prepreg carbon epoxy-based fiber is lightweight and solid and can thus be used in tails and fuselages of aircraft. They have the properties they use in these end-use industries such as a high strength-to-weight ratio, heat resistance, moisture resistance, corrosion resistance, less maintenance and longevity.
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Challenges – Carbon Prepreg Market
High Manufacturing Cost
A significant constraint on the carbon fibers Prepreg market is considered high production and processing costs. Carbon fiber recycling Prepreg is expensive and can also prove to be a factor that impedes business growth. A quality product can be a major challenge for carbon fiber Prepreg manufacturers at a fair price. Creation of advanced product development software tools may provide manufacturers with good opportunities.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Carbon Prepreg Market. In 2018, the market of Carbon Prepreg has been consolidated by the top five players accounting for xx% of the share. Major players in the Carbon Prepreg Market are SGL Group, Gurit Holdings AG, Park Electrochemical Corporation, Toray Industries, Teijin Limited, Royal TenCate N.V., Hexcel Corporation, Solvay, Mitsubishi Rayon Co. Ltd., Axiom Materials, among others.
In November 2017, The Company signed an agreement on the supply of the aerospace materials for the Boeing 777X, with Strata, an advanced composite aero structures production facility.
Teijin, one of the leading carbon Prepreg firms, grows its aircraft business rapidly by developing midstream downstream line-ups and related applications, such as high-tensile, high-tensile and intermediate panel, cost-effective carbon fibers, including Prepreg thermoplastics. All the other big players are now more concerned with the production for aerospace grade carbon Prepreg.
The country hosts many production bases for aircraft interior components, MRO (maintenance, repair, and overhaul), and lightweight construction and materials, largely in Bavaria, Bremen, Baden-Württemberg, and Mecklenburg-Vorpommern.
In the next 20 years, it is projected that more than 30,000 to 35,000 new aircraft will be operational to meet the growing demand. The increase in aircraft production would thus also contribute during the forecast period to the market growth.
The end-use aerospace and defense-related industry played a major role in value and volume in the market. This is because Boeing and Airbus are increasing their aircraft production. Boom Technology is also planning to build new aviation’s, the XB-1 commercial supersonic transport avions, which will be a startup for aircraft manufacturing.
The use of Prepreg carbon fiber decreases the weight of aircraft and improves the performance of aircraft. The measured strength / weight, FST characteristics, corrosion and fatigue resistance, high rigidity and so forth are also given.
A. Carbon Fiber Prepreg Market
B. Prepreg Market
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