Carbon Fiber Prepreg Market worth 7.20 Billion USD by 2021

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MarketsandMarkets Presents
Carbon Fiber Prepreg Market by Resin Type,
Manufacturing Process, Application - Global
Forecast to 2021

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Carbon Fiber Prepreg Market worth 7.20 Billion
USD by 2021
The report "Carbon Fiber Prepreg Market by Resin
Type (Epoxy, Phenolic, Bismaleimide, Cyanate
Ester, Thermoplastic), Manufacturing Process (Hot
Melt, Solvent Dip), Application (Aerospace
Defense, Automotive, Sports Leisure, Wind) -
Global Forecast to 2021", The carbon fiber
prepreg market was valued at USD 3.86 Billion in
2015 and is projected to reach USD 7.20 Billion
by 2021, at a CAGR of 11.0 between 2016 and 2021.
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Carbon Fiber Prepreg Market worth 7.20 Billion
USD by 2021
Browse gtgt 86 data tables
62 figures
171 pages and in-depth TOC on Carbon Fiber
Prepreg Market Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. The carbon fiber prepreg market was valued
at USD 3.86 Billion in 2015 and is projected to
reach USD 7.20 Billion by 2021, at a CAGR of
11.0 between 2016 and 2021. Report Price
Single User License US 5650 Corporate User
License US 8150
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Carbon Fiber Prepreg Market worth 7.20 Billion
USD by 2021
The carbon fiber prepreg market is driven by
increasing demand for fuel efficient vehicles and
growing use of carbon fiber prepregs in aerospace
defense and wind applications. Moreover,
increasing use of carbon fiber prepregs for
manufacturing sports goods, such as tennis
rackets, bicycles, fishing rods, and golf shafts
is also driving the growth of the carbon fiber
prepreg market, globally.
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Carbon Fiber Prepreg Market worth 7.20 Billion
USD by 2021
Among resin types, the epoxy segment is leading
the carbon fiber prepreg market, in terms of
value. The epoxy segment is leading the carbon
fiber prepreg market, owing to increased use of
epoxy resins in various applications, such as
aerospace defense, automotive, sports
leisure, and wind, among others. Epoxy
resin-based carbon fiber prepregs offer high
strength to weight ratio and increased resistance
to heat, moisture, and corrosion. They require
less maintenance and offer high durability.
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Carbon Fiber Prepreg Market worth 7.20 Billion
USD by 2021
Among applications, the aerospace defense
segment is leading the carbon fiber prepreg
market, in terms of value and volume. On the
basis of application, the carbon fiber prepreg
market has been segmented into aerospace
defense, automotive, sports leisure, wind, and
others. The aerospace defense application
segment is leading the carbon fiber prepreg
market, in terms of value and volume. Carbon
fiber prepregs are lightweight and offer
resistance to moisture, chemicals, and corrosion.
They have increased operational stability at high
temperatures in comparison to materials made from
other conventional materials, such as thermoset
composites and metallic alloys. As such, carbon
fiber prepregs are being increasingly used in the
aerospace defense industry, which, in turn, is
fueling the growth of the aerospace defense
segment of the carbon fiber prepreg market.
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Carbon Fiber Prepreg Market worth 7.20 Billion
USD by 2021
The North America carbon fiber prepreg market is
projected to grow at the highest CAGR during the
forecast period, 2016 to 2021. The North
American region is leading the carbon fiber
prepreg market due to increased demand for carbon
fiber prepregs for use in different end-use
industries as they offer excellent strength and
are lightweight and easy to fabricate.  Carbon
fiber prepregs offer resistance to chemicals and
corrosion. In addition, the technological
advancements taking place for the mass production
of carbon fiber prepregs and increasing usage of
carbon fiber prepregs in the aerospace defense
industry are the factors contributing towards the
growth of the North America carbon fiber prepreg
market. The North America carbon fiber prepreg
market is projected to grow at the highest CAGR
during the forecast period. Moreover, the region
has the presence of some of the key players of
the carbon fiber prepreg market, which include
Park Electrochemical Corporation (Melville,
U.S.), Hexcel Corporation (Connecticut, U.S.),
and Axiom Materials (California, U.S.), among
others.
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Composite Bearings Market worth 5.04 Billion USD
by 2021
Key Players - The key players operating in the
carbon fiber prepreg market are SGL Group
(Wiesbaden, Germany), Gurit Holding AG (Wattwil,
Switzerland), Park Electrochemical Corporation
(Melville, U.S.), Toray Industries, Inc. (Tokyo,
Japan), Teijin Limited (Osaka, Japan), Royal
TenCate N.V. (Almeo, Netherlands), Hexcel
Corporation (Connecticut, U.S.), Cytec Solvay
Group (Brussels, Belgium), Mitsubishi Rayon Co.,
Ltd. (Tokyo, Japan), and Axiom Materials
(California, U.S.), among others. These players
have adopted various organic and inorganic
development strategies to strengthen their
position in the market. Purchase a Copy of this
Report Today !
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