Carbon Prepreg Market - Forecast(2024 - 2030)

Report Code: CMR 88014 Report Format: PDF + Excel
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.

Key Takeaways
  • 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.

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. 

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.

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.

Market Landscape
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.

Acquisitions/Technology Launches
  • 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. 

1. Carbon Prepreg Market - Overview
        1.1 Definitions and Scope
2. Carbon Prepreg Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Carbon Prepreg Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Carbon Prepreg Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Carbon Prepreg Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Carbon Prepreg Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Carbon Prepreg Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Carbon Prepreg Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Carbon Prepreg Market - By Resin Type (Market Size -$Million / $Billion)
9.1 Thermosetting
9.2 Thermoplastic
10. Carbon Prepreg - By End-user Industry (Market Size -$Million / $Billion)
10.1 Aerospace & Defense
10.2 Energy
10.3 Automotive
10.4 Leisure
10.5 Electronics
10.6 Others
11. Carbon Prepreg- By Geography (Market Size -$Million / $Billion)
        11.1 Carbon Prepreg Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Carbon Prepreg- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Carbon Prepreg- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Carbon Prepreg - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Carbon Prepreg - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Carbon Prepreg Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Carbon Prepreg Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Carbon Prepreg Market - Key Company List by Country Premium
15. Carbon Prepreg Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Axiom Material
        15.3 Composite Holding Company
        15.4 Composite Resource
        15.5 Cytec Industry Inc
        15.6 Gurit Holding Ag
        15.7 Hexcel Corporation
        15.8 Isola Group
        15.9 Lewcott
        15.10 Lingol Corporation
        15.11 Mitsubishi Rayon Co. Ltd
        15.12 Nacco Aerospace
        15.13 Park Electrochemical Corp
        15.14 Renegade Material
        15.15 Royal Ten Cate Nv
        15.16 Sgl Groupthe Carbon Company
        15.17 Teijin Limited
        15.18 Toray Industry Inc
        15.19 Ventec Usa
        15.20 Yokohoma Aerospace
        15.21 Zyvex Technology
        15.22 Company 21
        15.23 Company 22 & More
*Financials would be provided on a best efforts basis for private companies
16. Carbon Prepreg Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Carbon Prepreg Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends