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Pre-impregnated carbon fibres often referred as carbon prepreg are composite fibres where thermoset polymer matrix material is previously incorporated. The fibres are taken from a weave and bonded together with a matrix to substrate component. It allows the manufacturer to saturate the fibres on the substrate or industrial process and then are worked up to obtain the desired shape which could not be provided with the injection process. Prepreg is generally used in aerospace and defence industry.
Rising demand for lightweight, ballistic, and strong material with excellent resistance to chemical and corrosion for various applications like aerospace, defense, automobile, and others is boosting the overall market growth. The increased production of aircrafts by airbus and Boeing is likely to positively impact the market. Additionally, the increasing use of conventional anergy sources like wind energy in which, this material is used in system installation is likely to drive the market.
However, the processing cost of epoxy resin is relatively higher for different application and end-use which can hamper the market growth.
Key Market Driver -
Increasing demand from Aerospace and Defense sector.
Key Market Restraint -
High processing cost.
Based on resin type, the market is segmented into epoxy, phenolic, and thermoplastic. Based on end-use, the market is segmented into aerospace and defense, energy, automotive, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global carbon prepreg market consists of global & regional players operating. Some of the key players in the market include Toray Industries, Mitsubishi Rayon Co. Ltd, Solvay, Royal TenCate N.V., SGL Group, Axiom Materials and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to dominate the market attributed to the high demand for light-weight, strong, chemical and corrosion resistant materials. Automobile industries are adopting the use of carbon prepreg in for electric cars and sedans. Additionally, the high demand for this material in wind energy system installation in Germany is expected to drive the regional market. North America is expected to show considerable growth due to the increased investment in Aerospace and Defense sector. Asia Pacific is estimated to show significant growth due to the rapid industrialization. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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By Resin Type
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