LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global prepreg market report from 2017-2021. This research report also lists 13 other prominent vendors that are expected to impact the market during the forecast period.
The research study by Technavio on the global prepreg market for 2017-2021 provides a detailed industry analysis based on type of reinforcement (prepreg carbon fiber, glass fiber prepreg, and aramid fiber prepreg), application (aerospace and defense, wind energy, and automotive), and geography (North America, APAC, and ROW).
“Prepregs are fiber reinforcement pre-impregnated with a resin. The resins are often either thermoset or thermoplastic. Lightweight prepreg materials are in great demand from the automotive industry to increase fuel efficiency and incorporation of high-speed manufacturing technologies. This demand from the automotive industry is one of the key drivers responsible for the growth of the market,” says Mahitha Mallishetty, a lead analyst at Technavio for textile, fiber, and composites research.
Competitive vendor landscape
The market is dominated by global vendors such as Celanese, Cytec Solvay Group, Mitsubishi Rayon (MRC), Teijin, and Toray. The global prepreg market is highly competitive in nature, with vendors competing on the basis of product performance and quality, price, product availability, security of supply, and customer service. Competitors are aggressive while offering alternate products that are based on novel technologies and processes, and price their products based on performance alone. Also, market vendors who incorporate environmental management programs that include eco-friendly and cost-effective manufacturing practices gain a strategic edge over their competitors.
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About the top five prepreg market vendors
Celanese operates through four major segments: acetyl intermediates, advanced engineered materials, consumer specialties, and industrial specialties. The company also specializes in manufacturing ethylene-vinyl acetate polymers, intermediate chemistry, cellulose derivatives, emulsion polymers, food ingredients, and engineered materials.
Cytec Solvay Group
Cytec Solvay Group is a chemical manufacturing company, which specializes in the production of specialty polymers, polyamides and intermediates, essential chemicals, silica and rare earth systems, consumer chemicals, vinyl, and acetate tow. It also provides barium, strontium, calcium chloride, caustic soda, and specialty polymers.
Mitsubishi Rayon is engaged in the production of chemical products such as resins, fibers, carbon fibers, composite materials, and membranes. The company produces thermoset epoxy resin-impregnated woven carbon fabric, high-performance structural film adhesives, composite prepregs (carbon, aramid, and glass), and TowPregs for the marine, aerospace, aviation, military, medical, industrial, and sports sectors.
Teijin offers solutions related to the sustainable transportation, safety and protection, information and electronics, environment and energy, and healthcare sectors. The company’s key focus areas are high-performance fibers such as aramid fibers, carbon fibers, composites, films, resins, and plastics.
Toray engages in the processing, manufacturing, and marketing of plastics and chemicals, fibers and textiles, carbon fiber composite materials, and IT-related products. The company also offers products related to businesses such as environment, engineering, and life sciences.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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