Non-Woven Glass Fiber Prepreg Market Set to Reach USD 341.9 Billion from 2024 to 2028, Driven by Aerospace and Automotive Demand

The global non-woven glass fiber prepreg market is expected to expand by USD 341.9 billion between 2024 and 2028, registering a CAGR of 7.1%. The growth is fueled by the increasing demand for lightweight, high-strength materials in aerospace, automotive, wind energy, and electronics industries. Non-woven glass fiber prepregs offer exceptional stiffness, fatigue resistance, and corrosion resistance, making them a preferred choice for manufacturing advanced composite components. However, the availability of substitutes such as carbon fiber and aramid fiber prepregs poses a challenge to market expansion.

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Market Segmentation

By Application

• Wind
• Electronics
• Automotive
• Others

By Geography

• APAC

  • China

  • Japan

• North America

  • Canada

  • US

• Europe

  • UK

• South America

• Middle East and Africa

Application Insights

Wind Energy Segment

The wind energy sector is projected to witness significant growth due to the rising demand for large wind turbine blades. Non-woven glass fiber prepregs are preferred for their lightweight nature, superior chemical resistance, rigidity, and strength, enabling the production of durable and weather-resistant rotor blades.

The shift towards renewable energy solutions and government investments in wind power projects are key drivers boosting market demand. Additionally, thermoplastic and thermoset prepregs, including epoxy, phenolic, and bismaleimide resins, are widely utilized in smart mobility, smart architecture, and smart energy solutions.

In 2018, the wind segment was valued at USD 227.50 million and has since demonstrated a steady growth trajectory.

Regional Market Trends

APAC (55% of market growth)

• China
• Japan

The Asia-Pacific (APAC) region is expected to dominate the market, led by China, Japan, and South Korea. The region’s robust automotive industry, coupled with investments in renewable energy, aerospace, and defense, is driving market expansion.

Sustainability initiatives and the increasing adoption of wind energy have heightened demand for lightweight, high-performance composite materials. Government policies supporting renewable energy development further accelerate growth.

North America

• US
• Canada

The US and Canada are experiencing rising adoption of non-woven glass fiber prepregs in aerospace, defense, and automotive industries. The demand for fuel-efficient and lightweight vehicles is a key driver in this region.

Europe

• UK

In Europe, the UK is emerging as a major consumer of non-woven glass fiber prepregs, particularly in the renewable energy and aerospace sectors

Market Dynamics

Market Drivers

• Rising Demand from End-Use Industries:

  • Aerospace, defense, wind energy, automotive, and electronics industries are driving adoption.
  • The material’s high strength, stiffness, and lightweight properties contribute to fuel efficiency and reduced emissions in the automotive sector.
  • Non-woven glass fiber prepregs enable up to 10% vehicle weight reduction, leading to lower fuel consumption and cost savings.

Market Trends

• Strong Adoption in the Automotive Industry:

  • Lightweight materials, such as non-woven glass fiber prepregs, are increasingly replacing traditional metals like aluminum and steel.
  • Applications extend to smart mobility, aerospace, and wind energy technologies.

Market Challenges

• Easy Availability of Substitutes:

  • The market faces competition from carbon fibers, basalt fibers, and natural fibers, which offer higher tensile strength and improved stiffness.
  • Carbon fiber composites are widely used in aerospace, automotive, construction, and electronics due to their superior properties.
  • Recycling challenges and high processing costs limit the widespread adoption of glass fiber prepregs in large-scale applications

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Key Players

• Ahlstrom
• ACP Composites Inc.
• APCM LLC
• BASF SE
• Berkshire Hathaway Inc.
• BPREG Composites
• China Jushi Co. Ltd.
• DIC Corp.
• Fibrtec Inc.
• Gurit Holding AG
• Hexcel Corp.
• Huntsman Corp.
• Jonam Composites Ltd.
• Owens Corning
• SAERTEX GmbH and Co. KG
• SAINT GOBAIN Group
• SGL Carbon SE
• Solvay SA
• Taishan Fiberglass Inc.
• Toray Composite Materials America Inc.

Future Insights

The non-woven glass fiber prepreg market is poised for continued growth, driven by advancements in aerospace, automotive, and renewable energy sectors. The push for sustainability, emission reduction, and lightweight materials will further accelerate demand.