Latest News- Carbon Fiber Prepreg Market: Thermoset is expected to lead the Type segment during 2024-2028

The Carbon Fiber Prepreg Market is being driven by Growth of wind power capacities

The Carbon Fiber Prepreg Market is expected to grow at a CAGR of 7.38% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1345.5 million. The global infrastructure sector is experiencing significant investment due to the ongoing urbanization trend, with an estimated USD5.2 trillion required by 2025 to meet current market demands. Emerging economies are projected to be the primary consumers, accounting for approximately 56% of the global demand. This substantial investment is being driven by the automotive, construction, and industrial sectors to accommodate growing urban populations and improve infrastructure standards. 

Get more information on Carbon Fiber Prepreg Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Thermoset
  • Thermoplastics
• Application
  • Aerospace and defense
  • Wind energy
  • Automotive parts
  • Sports equipment
• Geography
  • North America
    • US
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of wind power capacities
• Increasing use of carbon composites in commercial aircraft
• Emerging demand from developing economies

However, the market also witnesses some limitations, which are as follows:

• High cost related to carbon composites
• Hazardous environment of production and lack of biodegradability
• Carbon fiber structures are irreparable

Benefits of Buying Global Carbon Fiber Prepreg Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Carbon Fiber Prepreg Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Carbon Fiber Prepreg market is experiencing significant growth in various industries, including Wind power, High-performance cars, Electric vehicles (EVs), Military and surveillance, and Drones. Prepreg, a type of composite material made from Carbon fiber reinforcements and a Polymer resin system, offers advanced production techniques such as Resin infusion and Automated layup. In the Wind power industry, Carbon Fiber Prepreg is used for manufacturing blades due to its high strength-to-weight ratio, stiffness, and mechanical advantages. In the Automotive sector, Carbon Fiber Prepreg is used in High-performance cars and Electric cars (EVs) for reducing fuel consumption and improving fuel efficiency. In the Aerospace industry, Carbon Fiber Prepreg is used for manufacturing aeroplane components due to its corrosion resistance, fatigue resistance, and longevity. In the Defense industry, it is used for Military and surveillance equipment due to its mechanical advantages and fibre orientation. Carbon Fiber Prepreg is also used in Drones for their lightweight and high-strength properties. Two commonly used resins in Carbon Fiber Prepreg are Polyimide resin and Bismaleimide (BMI) resin, which offer excellent thermal stability and mechanical properties. Overall, Carbon Fiber Prepreg is a versatile and high-performance material that is driving innovation in various industries.

Market Research Overview

The commodity chemicals market encompasses businesses specializing in the production of industrial and fundamental chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. This market excludes chemical companies focusing on diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio's market analysis, key growth drivers for the global commodity chemicals market include the escalating demand for plastic packaging. As plastic is the predominantly utilized material in the worldwide packaging sector, the increasing preference for lightweight, corrosion-resistant materials has fueled continuous innovation in the industry, significantly influencing the application of chemicals in the manufacturing process of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/