Carbon Fiber Reinforced Plastic Is Fastest Growing Segment Fueling The Growth Of Carbon Prepreg Market

Carbon Prepreg Market 



Carbon prepreg is a fiber-reinforced plastic made of carbon fibers pre-impregnated with a thermoset resin. It provides high strength, stiffness, and low weight. Carbon prepreg is commonly used in aerospace and automotive industries due to its mechanical properties and resistance to fatigue.

Market key trends:
Growing demand for lightweight and high strength materials from aerospace industry is one of the major trends fueling the growth of carbon prepreg market. Carbon prepreg allows for designing of lightweight aircraft components with mechanical properties comparable or superior to metals. The increasing production of commercial aircraft globally is thus driving the demand for carbon prepregs from aircraft manufacturers. Carbon prepreg is a key material used in manufacturing of fuselage, wings, and other structural components of aircraft. Additionally, the rising popularity of carbon fiber in automotive industry is further propelling the market growth over the forecast period.
Segment Analysis

The global carbon prepreg market is dominated by thermoset carbon prepreg sub-segment. Thermoset carbon prepreg account for over 70% market share owing to its wide range of applications in industries such as aerospace & defense, wind energy, sports & leisure and automotive. Thermoset carbon prepreg offers advantages such as high strength-to-weight ratio, corrosion resistance, fatigue resistance and dimensional stability. Their increasing demand from aerospace & defense industry, where lightweight and high strength materials are required, is a major factor for thermoset carbon prepreg's high market share.

The global Carbon Prepreg Market is estimated to be valued at US$ 8444.44 Mn in 2023 and is expected to exhibit a CAGR of 9.21% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Key Takeaways


The Global Carbon Prepreg Market Demand is expected to witness high growth, exhibiting CAGR of 9.21% over the forecast period, due to increasing demand from aerospace & defense industry. Carbon prepregs find widespread usage in this industry for their applications in aircraft components requiring high mechanical strength and low weight.

Regional analysis
North America dominates the global carbon prepreg market with over 40% share due to strong presence of leading aircraft OEMs in the region. The Asia Pacific region is expected to witness fastest growth due to rising demand from commercial aviation and space exploration programs in countries such as China and India.

Key players
Key players operating in the carbon prepreg market are ACP Composites Inc., Kordsa Teknik Tekstil AS, Barrday, Gurit, Hexcel Corporation, Lingol Corporation, Mitsubishi Chemical Carbon Fiber and Composites Inc., Park Aerospace Corp., Sgl Carbon, Solvay, Teijin Limited, The Yokohama Rubber Co. Ltd, Toray Industries Inc., And Zyvex Technologies. These players are focusing on new product development and expansion strategies to gain competitive edge in the market.

Get more insights on this topic:

https://www.marketwebjournal.com/carbon-prepreg-market-trends-size-and-share-analysis/ 

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