A recent report published by Infinium Global Research on prepreg market provides in-depth analysis of segments and sub-segments in the global as well as regional prepreg market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional prepreg market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global prepreg market. According to the report, the global prepreg market is projected to grow at a CAGR of 9.3% over the forecast period of 2019-2025.
The pre-impregnated fiber materials are called as prepreg. It has a higher fiber content of 65%. They are available in both tape and cloth form. Prepreg is a low volume and labor-intensive method suited for many products such as automotive components, boat manufacturing, tanks, ducts, furniture, corrosion-resistant equipment, etc. Prepregs are composite materials where a reinforcement fiber is impregnated with a thermoset resin matrix or thermoplastic in a certain ratio. It is manufactured by combining fabrics with specially formulated pre-catalyzed resin or fibers system using machinery. Advancement in prepreg technology produced material which does not require refrigeration for storage. A wide selection of polymer matrix resin and reinforcements systems provides more opportunities for composites production using prepreg materials
There is a large demand for prepreg in the aerospace sector owing to its strength to weight ratio. It is generally used to replace their metal counterparts for interior and exterior structures. Furthermore, a large investment in specialized military equipment in the defense sector provides growth for the prepreg market. Collectively, the growing aerospace industry and increasing application of prepreg in the military sector are driving the global prepreg market. However, complex maintenance restraining the growth of the market. Moreover, technical advancement and declining supply-demand gap provide growth opportunities for the prepreg market.
Geographically, the global prepreg market is segmented into North America, Europe, the Asia Pacific and the RoW. The Asia Pacific is the largest region in global prepreg market owing to a growing demand for composites in different end-use sectors such as sporting goods, aerospace & defense, wind, automotive, electronics, and construction. South Korea is a leading region in APAC for the growth of the prepreg market owing to a rapidly growing construction industry.
The report on global prepreg market covers segments such as type and end-use industry. On the basis of type, the sub-markets include resin, and fiber. On the basis of end-use industry, the sub-markets include aerospace and defense, electrical and electronics, automotive, and leisure.
The report provides profiles of the companies in the market such as Teijin Limited, Solvay S A, Toray Industries, Hexcel Corporation, Mitsubishi Rayon Co. Ltd, Royal Tencate N.V., Inc, Axiom Materials, Park Electrochemical Corp, Gurit Holding Ag, and SGL Group.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of prepreg market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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