Carbon Fiber Prepreg Market, Covid-19 Outbreak, Industry Scenario, Segmentation, Regional Analysis, Key Players and Forecast to 2023

Market Scenario

On the basis of resin type, the epoxy resin is anticipated to lead the segment in 2016 and is expected to follow the same trend during the assessed years. This growth of the segment is mainly attributed to the growing demand from the automobile, aerospace and defense industry. Moreover, the low maintenance and durability are other reasons for the employment of epoxy resins in the end

Market Segmentation

The global carbon fiber prepreg market is segmented into resin type, manufacturing process and end user industry. On the basis of the resin type, the market is segregated into epoxy resin, phenolic resin, BMI resin, cyanate ester resin, thermoplastic resin and other resins. The market by manufacturing process is segmented into hot melt manufacturing process and solvent dip manufacturing process. The market by end user industry is further categorized into automotive, aerospace & defense, sports & leisure, wind energy, and others.

Regional Analysis

Global Carbon Fiber Prepreg Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, North America followed by Asia Pacific holds the major share of the market and is expected to continue the dominance during the forecast years. The presence of the most populated countries of the world such as India and China has augmented the demand for various sectors such as the sports & leisure products and automobile in turn adding to the market growth. Carbon Fiber Prepreg is extensively used in the production of bicycles, fishing rods, tennis rackets, and golf shafts among others. Moreover, the growing installation of wind energy capacity mainly in China and India to augmented the power sector also positively effecting the growth of the market.

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Competitive Analysis

Some of the prominent players operating in the global carbon fiber prepreg market 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. (Japan), and Axiom Materials (California, U.S.) among others.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.