DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "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" report to their offering.
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.
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 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.
Market Dynamics
Drivers
- Increasing Demand for Lightweight Materials From the Automotive Industry
- Growing Carbon Fiber Demand From the Wind Energy Industry
- Increasing Demand for Carbon Fiber Prepreg From Boeing and Airbus
Restraints
- High Processing and Manufacturing Cost
- Issues Related to Recyclability
Opportunities
- Reduction in the Cost of Carbon Fibers
- Development of Advanced Software Tools for Carbon Fiber Prepreg Product Development
Challenges
- High Research and Development Cost
Companies Mentioned
- Axiom Materials
- Cedar Composites
- Cytec Solvay Group
- Dexcraft H.C.
- GMS Composites
- Gurit Holding AG
- HC Composite
- Hexcel Corporation
- Kineco Pvt. Ltd.
- Mitsubishi Rayon Co. Ltd.
- PRF Composite Materials
- Park Electrochemical Corporation
- Royal Tencate N.V.
- SGL Group
- TCR Composites
- Teijin Limited
- Toray Industries Inc.
- Triple H Composites
- Unicarbon
- Zyvex Technologies
For more information about this report visit http://www.researchandmarkets.com/research/4ntnxh/carbon_fiber
