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 is projected to grow at a CAGR of 11.0% during the forecast period, 2016 to 2021.”
The carbon fiber prepreg market is projected to reach USD 7.20 billion by 2021, at a CAGR of 11.0% between 2016 and 2021. The major drivers fueling the growth of the carbon fiber prepreg market are increasing demand for fuel efficient vehicles, growing use of carbon fiber prepregs in the aerospace & defense and wind industries. However, high processing and manufacturing costs of carbon fiber prepregs, along with issues related to their recyclability are the factors expected to restrain the growth of the carbon fiber prepreg market during the forecast period.
“In terms of value, the aerospace & defense application segment of the carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period.
The aerospace & defense segment is leading the carbon fiber prepreg market, in terms of value and volume. The properties exhibited by carbon fiber prepregs, such as lightweight, ease of fabrication, resistance to corrosion and chemicals, and increased operational stability at high temperatures in comparison to other conventional materials, such as metallic alloys and thermoset composites are the factors leading towards increased use of carbon fiber prepregs in the aerospace & defense industry.
“The North America carbon fiber prepreg market is projected to grow at the highest CAGR from 2016 to 2021.”
The North America carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. Increasing demand for carbon fiber prepregs from the aerospace & defense and automotive industries, along with the continuous urbanization and industrialization taking place in the region is the factor expected to contribute towards the growth of the North America carbon fiber prepreg market during the forecast period.
This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into following three categories:
‧ By Company Type- Tier 1-35%, Tier 2-25%, and Tier 3-40%
‧ By Designation- C Level-30%, Director Level-25%, and Others-45%
‧ By Region- North America-30%, Europe-25%, Asia-Pacific-30%, Latin America-5%, and Middle East & Africa-10%

The report provides a comprehensive analysis of profiles of the companies listed below:
‧ Cytec Solvay Group (Brussels, Belgium)
‧ Royal TenCate N.V. (Almeo, Netherlands)
‧ Teijin Limited (Osaka, Japan)
‧ Toray Industries, Inc. (Tokyo, Japan)
‧ Hexcel Corporation (Connecticut, U.S.)
‧ SGL Group (Wiesbaden, Germany)
‧ Gurit Holding AG (Wattwil, Switzerland)
‧ Park Electrochemical Corporation (Melville, U.S.)
‧ Mitsubishi Rayon Co., Ltd. (Tokyo, Japan)
‧ Axiom Materials (California, U.S.)


Research Coverage

This report covers the carbon fiber prepreg market and forecasts the market size till 2021. The report includes the market segmentation on the basis of resin type (epoxy, phenolic, bismaleimide (BMI), cyanate ester, thermoplastic, and others), application (aerospace & defense, automotive, sports & leisure, wind, and others), manufacturing process (hot melt and solvent dip), and region (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). Porter’s five forces analysis along with drivers, restraints, opportunities, and challenges has been discussed in this report. It also provides company profiles and competitive strategies adopted by the key players in the carbon fiber prepreg market.

Reasons to buy the report:
The report will help market leaders/new entrants in the carbon fiber prepreg market in the following ways:
1. This report segments the carbon fiber prepreg market comprehensively and provides the closest approximations of revenues for the overall market and its subsegments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report helps stakeholders to understand their competitors and gain insights to enhance their businesses. The competitive landscape section includes competitors’ ecosystem, new product launches, agreements, expansions, and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 KEY DATA FROM SECONDARY SOURCES 20
2.1.2 PRIMARY DATA 21
2.1.2.1 KEY DATA FROM PRIMARY SOURCES 21
2.1.2.2 KEY INDUSTRY INSIGHTS 22
2.1.2.3 BREAKDOWN OF PRIMARIES 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 33
4.1 SIGNIFICANT OPPORTUNITIES IN THE CARBON FIBER PREPREG MARKET, IN TERMS OF VALUE, 2016–2021 33
4.2 CARBON FIBER PREPREG MARKET, BY RESIN TYPE 34
4.3 CARBON FIBER PREPREG MARKET, BY END-USE INDUSTRY AND REGION 35
4.4 CARBON FIBER PREPREG MARKET, BY MANUFACTURING PROCESS 36
4.5 CARBON FIBER PREPREG MARKET SHARE (VALUE), BY COUNTRY 37
4.6 CARBON FIBER PREPREG MARKET SIZE, BY COUNTRY 38
4.7 CARBON FIBER PREPREG MARKET SIZE, BY END-USE INDUSTRY 39
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5 MARKET OVERVIEW 40
5.1 INTRODUCTION 41
5.2 MARKET SEGMENTATION 41
5.2.1 CARBON FIBER PREPREG MARKET, BY RESIN TYPE 41
5.2.2 CARBON FIBER PREPREG MARKET, BY MANUFACTURING PROCESS 42
5.2.3 CARBON FIBER PREPREG MARKET, BY END-USE INDUSTRY 42
5.3 MARKET DYNAMICS 43
5.3.1 DRIVERS 44
5.3.1.1 Increasing demand for lightweight materials from the automotive industry 44
5.3.1.2 Growing carbon fiber demand from the wind energy industry 45
5.3.1.3 Increasing demand for carbon fiber prepreg from Boeing and Airbus 45
5.3.2 RESTRAINTS 46
5.3.2.1 High processing and manufacturing cost 46
5.3.2.2 Issues related to recyclability 46
5.3.3 OPPORTUNITIES 46
5.3.3.1 Reduction in the cost of carbon fibers 46
5.3.3.2 Development of advanced software tools for carbon fiber prepreg product development 47
5.3.4 CHALLENGES 47
5.3.4.1 High research and development cost 47
6 MACROECONOMIC OVERVIEW AND KEY TRENDS 48
6.1 INTRODUCTION 48
6.2 TRENDS AND FORECAST OF GDP 48
6.3 PER CAPITA GDP VS. PER CAPITA CARBON FIBER PREPREG DEMAND 50
6.4 TRENDS IN THE AEROSPACE & DEFENSE INDUSTRY 51
6.5 TRENDS IN THE AUTOMOTIVE INDUSTRY 52
6.6 TRENDS IN THE WIND ENERGY INDUSTRY 54
7 CARBON FIBER PREPREG MARKET, BY RESIN TYPE 56
7.1 INTRODUCTION 57
7.2 EPOXY RESIN 59
7.3 PHENOLIC RESIN 61
7.4 BMI RESIN 62
7.5 CYANATE ESTER RESIN 64
7.6 THERMOPLASTIC RESIN 66
7.7 OTHER RESINS 69
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8 CARBON FIBER PREPREG MARKET, BY MANUFACTURING PROCESS 71
8.1 INTRODUCTION 72
8.2 HOT MELT PROCESS 73
8.3 SOLVENT DIP PROCESS 74
9 CARBON FIBER PREPREG MARKET, BY END-USE INDUSTRY 76
9.1 INTRODUCTION 77
9.2 AEROSPACE & DEFENSE 80
9.3 AUTOMOTIVE 82
9.4 SPORTS & LEISURE 84
9.5 WIND ENERGY 86
9.6 OTHERS 88
10 CARBON FIBER PREPREG MARKET, BY REGION 90
10.1 INTRODUCTION 91
10.2 NORTH AMERICA 93
10.2.1 U.S. 98
10.2.2 CANADA 98
10.3 EUROPE 99
10.3.1 FRANCE 104
10.3.2 GERMANY 104
10.3.3 U.K. 104
10.3.4 ITALY 104
10.3.5 SPAIN 104
10.3.6 AUSTRIA 105
10.3.7 REST OF EUROPE 105
10.4 ASIA-PACIFIC 105
10.4.1 CHINA 111
10.4.2 JAPAN 111
10.4.3 SOUTH KOREA 112
10.4.4 AUSTRALIA 112
10.4.5 INDIA 112
10.4.6 MALAYSIA 112
10.4.7 REST OF ASIA-PACIFIC 113
10.5 LATIN AMERICA 113
10.5.1 BRAZIL 117
10.5.2 MEXICO 117
10.5.3 REST OF LATIN AMERICA 117
10.6 ME&A 118
10.6.1 UAE 122
10.6.2 SOUTH AFRICA 122
10.6.3 REST OF ME&A 122
11 COMPETITIVE LANDSCAPE 123
11.1 OVERVIEW 123
11.2 COMPETITIVE SITUATION AND TRENDS 124
11.3 MARKET SHARE ANALYSIS 126
11.3.1 CYTEC SOLVAY GROUP 126
11.3.2 TORAY INDUSTRIES 126
11.3.3 TEIJIN LTD. 126
11.4 RECENT DEVELOPMENTS 127
11.4.1 AGREEMENTS, CONTRACTS, PARTNERSHIPS, AND JOINT VENTURES 127
11.4.2 EXPANSIONS 129
11.4.3 NEW PRODUCT LAUNCHES 130
11.4.4 ACQUISITIONS 132
12 COMPANY PROFILES 133
(Overview, Financial*, Products & Services, Strategy, and Developments)
12.1 CYTEC SOLVAY GROUP 133
12.2 HEXCEL CORPORATION 137
12.3 ROYAL TENCATE N.V. 141
12.4 TEIJIN LIMITED 144
12.5 TORAY INDUSTRIES INC. 147
12.6 GURIT HOLDING AG 150
12.7 SGL GROUP 153
12.8 AXIOM MATERIALS 156
12.9 MITSUBISHI RAYON CO. LTD. 158
12.10 PARK ELECTROCHEMICAL CORPORATION 160
12.11 OTHER KEY PLAYERS 162
12.11.1 HC COMPOSITE 162
12.11.2 KINECO PVT. LTD. 162
12.11.3 UNICARBON 162
12.11.4 ZYVEX TECHNOLOGIES 162
12.11.5 TCR COMPOSITES 162
12.11.6 PRF COMPOSITE MATERIALS 162
12.11.7 TRIPLE H COMPOSITES 162
12.11.8 GMS COMPOSITES 162
12.11.9 DEXCRAFT H.C. 163
12.11.10 CEDAR COMPOSITES 163
*Details might not be captured in case of unlisted companies.
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13 APPENDIX 164
13.1 INSIGHTS FROM INDUSTRY EXPERTS 164
13.2 DISCUSSION GUIDE 165
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 167
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 169
13.5 AVAILABLE CUSTOMIZATIONS 169
13.6 RELATED REPORTS 170
13.7 AUTHOR DETAILS 171
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