Expanding End-Use Applications Drives the Global Prepreg Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on the Prepreg (Pre-impregnated Composite Fibers) markets. Global market for Prepreg is projected to reach 155 thousand metric tons by 2018, driven by increasing use in end-use markets such as aerospace, automotive, wind energy, defense and marine.
San Jose, California (PRWEB) May 31, 2013
Follow us on LinkedIn – Prepregs are rapidly gaining prominence as the preferred material in a wide range of commercial applications driven primarily by the rising demand for materials with high performance and lightweight characteristics from sectors such as sporting goods, industrial equipment, and aircraft components. Though the market posted strong growth in the pre-recession period led by the expanding composite manufacturing operations in Asia, and booming wind energy and aerospace sectors in Europe and North America, the growth came to a halt in 2009 due to the global economic downturn. However, the market recovered swiftly in 2010 led by the slow yet steady resurgence in most end-use markets. While developed regions continue to make steady progress, future growth would be attributed to the rising opportunities in developing nations.
Future growth in the market would be led by the increasing demand for high-performance materials in newer applications such as tidal turbine blades. The rising attractiveness of prepregs is also attributed to the technological advances in the production process, which aid in lowering curing temperatures of prepregs and extending the shelf life. Growth potential is high for prepregs that exhibit longer shelf life without the need for refrigeration, as well those that can be cured at room temperature or use only heat lamps.
As stated by the new market research report on Prepreg (Pre-impregnated Composite Fibers), the United States represents the single largest market globally. The market is expected to continue progressing at a robust pace led by the emerging demand from aerospace, military & defense and commercial sectors. Asia-Pacific represents the fastest growing regional market for prepregs across the globe, with India and China offering huge prospects due to rising adoption of prepregs in a wide range of applications.
Industrial segment represents the largest end-use market for prepregs globally in terms of volume shipments. Increase in the number of industrial applications making use of composite materials, including prepregs, is expected to spur segment growth. In the near future, commercial aerospace and wind energy are likely to drive market growth, followed by civil engineering and general aviation sectors. In the aerospace sector, the increasing use of prepregs in a range of new aircraft models is expected to bode well for the market. Fastest growth is expected from the recreation segment which is forecast to post a CAGR of 16% over the review period.
Major players profiled in the report include Axiom Materials Inc., Cytec Industries Inc., Gurit Holding AG, Hexcel Corporation, Isola Group S.a.r.l., Mitsubishi Rayon Co. Ltd., SGL Group — The Carbon Company, Taconic, Royal TenCate, Toray Industries Inc., and Yokohama Aerospace America, Inc., among others.
The research report titled “Prepreg (Pre-impregnated Composite Fibers): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East, and Latin America. End-use segments analyzed include Industrial, Aerospace, and Recreation.
For more details about this comprehensive market research report, please visit —
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Global Industry Analysts, Inc.
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