Research Report Explores the Global Prepreg Market
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The Global Prepreg Market has been estimated at USD 39.95 billion in 2014 and is projected to reach USD XX.XX billion by 2020, at a CAGR of more than 10% during the forecast period. Prepreg is a class of reinforced fabric that has been pre-impregnated with a resin system and has increased cured properties and reduced brittleness, in comparison to normal hand laminated fabrics. Prepregs are available as ready-to-mold and don’t require any resin addition, thereby, resulting in reduced cycle and turnaround time. Epoxy is the usual resin system used in prepregs and includes the required curing agent.
The primary advantage of prepregs is their excellent strength and material properties, which result from the limited percentage of resin (usually 35%) used in their formation. Additionally, owing to no or negligible human interference during their usage, in comparison to human lamination techniques, they provide the added advantage of partial uniformity and repeatability. Prepregs, because of their ready-to-mold characteristic and faster curing times, create lesser waste and reduce the overall operating time significantly. Due to their aforementioned advantages, these materials are increasingly being used in various commercial and industrial sectors. In the prepreg market report, we have taken the following major end-user sectors into consideration: Aerospace & Defense, Automotive, Electrical & Electronics, Wind Turbines, Leisure and Others. The Aerospace & Defense sector accounted for XX.XX% share of the global prepreg market in 2015.
This market is driven by a number of factors, such as demand from aerospace and defense sector, emphasis on green energy sources (wind energy sector), and growth of global automotive industry. However, this market faces certain drawbacks, such as premium pricing of prepregs, limited shelf life and autoclave and maintenance constraints. These factors may act as a roadblock to the growth of the market.
The global prepreg market, based on fiber type, can be broadly segmented into Carbon, Glass and Aramid fibers. The carbon fiber segment has been witnessing increased demand from the aerospace sector, and accounted for the highest share in the global prepreg market in 2014. It is also expected to be the fastest growing product segment during the forecast period. In addition, the market has been divided according to resin type into: Thermosetting and Thermoplastic.
The market has been geographically segmented into Asia-Pacific, North America, Europe, South America and MEA. North America dominates the global prepreg market, owing to the huge demand from aerospace sector in the country. It is expected to dominate the market for the next five years and is expected to be the fastest growing market during the forecast period. US accounts for the highest market share by country. Asia-pacific holds the second highest share in the market and is expected to grow considerably during the forecast period.
Some of the major companies dominating this market for its products, services, and continuous product developments are Axiom Materials., Teijin Limited, Cytec Industries., Hexcel Corporation, Toray Industries, Gurit Holding, Royal Ten Cate, SGL Group—The Carbon Company, Mitsubishi Rayon, and Park Electrochemical.
Key Deliverables in the Study
Market analysis for the global prepreg market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the prepreg market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and identification the regions that are still untapped
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COMPANY PROFILE:
8. Company Profiles
8.1 ACP Composites
8.2 Axiom Materials
8.3 Composite Holding Company
8.4 Composite Resources
8.5 Cytec
8.6 Gurit
8.7 Hexcel
8.8 Isola Group
8.9 Lewcott
8.10 Lingol Corporation
8.11 Mitsubishi Rayon
8.12 NACCO Aerospace
8.13 Newport
8.14 Park Electrochemical Corp.
8.15 Renegade Materials
8.16 Royal Tencate
8.17 SGL Group—The Carbon Company
8.18 Sunrez
8.19 Tejin Limited
8.20 Toray
8.21 Ventec USA
8.22 Yokohoma Aerospace
8.23 Zoltek Companies
...CONTINUED
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Posted by
Vivian Dsena
on Thursday March 10 2016, 2:57 PM EST.
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