Lucintel Forecasts Prepreg Market to Reach $9.3 Billion by 2028


Posted October 21, 2023 by Lucintel

According to the recent study the prepreg market is projected to reach an estimated $9.3 billion by 2028 from $6.1 billion in 2022, at a CAGR of 7.2% from 2022 to 2028.

 
According to the recent study the prepreg market is projected to reach an estimated $9.3 billion by 2028 from $6.1 billion in 2022, at a CAGR of 7.2% from 2022 to 2028. Growth in this market is primarily driven by growing demand for high performance composite materials and the replacement of metals with composites in different end use industries.

Browse 138 figures / charts and 96 tables in this 240 -page report to understand trends, opportunities and forecast in prepreg market by end use (commercial aerospace, military/defense, general aviation, space/satellite, sporting goods, marine, wind energy, automotive, civil engineering, and others), weave type (fabric prepreg, unidirectional prepreg), manufacturing technology (hot melt and solvent dip), prepreg type (thermoset prepreg and thermoplastic prepreg), reinforcement type (carbon fiber, glass fiber, and aramid fiber), resin type (epoxy prepreg, BMI prepreg, phenolic prepreg, cynate ester prepreg, and thermoplastics prepreg), and region (North America, Europe, Asia Pacific, and Rest of the World).
Download sample report by clicking on below link https://www.lucintel.com/prepreg-market.aspx

“Commercial aerospace market is expected to remain the largest segment during the forecast period.”
Based on end use, the prepreg market is segmented into commercial aerospace, military/defense, general aviation, space/satellite, sporting goods, marine, wind energy, automotive, civil engineering, and others. Lucintel forecasts that the commercial aerospace market is expected to remain the largest segment due to increasing demand for lightweight materials in new aircraft programs, such as Boeing 787 and Airbus A350.
“Within the prepreg market, the thermoset prepreg segment is expected to remain the largest prepreg type”
Based on prepreg type the thermoset prepreg segment is expected to witness the highest growth over the forecast period due to wide usage in aerospace/defense, wind energy and automotive end use industries.
“North America will dominate the prepreg market in near future”
North America is expected to remain the largest region and witness the highest growth over the forecast period due to increasing residential construction and government regulations for energy efficiency.
Download Brochure of this report by clicking on https://www.lucintel.com/prepreg-market.aspx
Major players of prepreg market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Hexcel Corporation, Solvay, Gurit, Toray Industries Inc., SGL, Mitsubishi Chemical Coporation, Teijin Limited are among the major prepreg providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/prepreg-market.aspx or [email protected]
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Issued By Lucintel
Country United States
Categories Business
Tags prepreg market
Last Updated October 21, 2023