Carbon Fiber Prepreg Market Size & Share, by Resin Type (Epoxy Resin, Phenolic Resin, BMI Resin, Cyanate Ester Resin, Thermoplastic Resin), Manufacturing Process (Hot Melt Process, Solvent DIP Process), End Use Industries (Aerospace & Defense, Automotive, Sports & Leisure, Wind Energy) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5114
  • Published Date: Aug 02, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024 - 2036

Carbon Fiber Prepreg Market size was over USD 8.9 Billion in 2023 and is likely to reach USD 35.81 Billion by the end of 2036, growing at around 11.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of carbon fiber prepreg is assessed at USD 9.81 Billion. The growth of the sector is anticipated to be influenced by the growth in demand for wind energy. More than about 2 oo9 TWh of wind energy were produced in 2022 across the globe, a record rise of approximately 264 TWh (up about 13%). This technology saw the second-highest growth of all renewable energy sources following solar PV. As a result of its strength, rigidity, and resilience to fatigue, carbon fiber prepreg are utilized to make wind turbine blades. They enable the development of lighter, longer blades that catch more wind energy and enhance turbine efficiency.

Additionally, there has been a growing trend of using recycled carbon fiber in prepreg. Carbon fiber resin composites are particularly sought after for their high specific energy absorption (SEA) but are expensive. Therefore, the growing use of recycled carbon fiber is set to influence the market opportunity. Moreover, prepreg material enables less expensive production of composite as compared to more conventional techniques of composite manufacturing.


Carbon Fiber Prepreg Market
Get more information on this report: Request Free Sample PDF

Carbon Fiber Prepreg Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Automotive Manufacturing

About 84 million automobiles were manufactured in 2022 all around the globe. In order to reduce weight and increase strength so that it can resist the rigors of racing, carbon fiber prepreg is utilized in automobiles. Moreover, it also makes the automotive fuel efficient. Additionally, the utilization of carbon fiber prepreg is growing in sports vehicles. As a result, the carbon fiber prepreg market is set to grow.

  • Rising Use of Carbon Fiber Prepreg in Sports

Sports such as tennis and golf usually prefer carbon fiber prepreg in manufacturing rackets and gold sticks since it makes them lightweight. Additionally, it is highly recommended for making carbon bikes as it is used for trekking and cycling competition.

  • Surge in the Importance of Carbon Fiber Prepreg in the Medical Sector

Manufacturers are making use of carbon fiber prepreg in various medical applications such as MEI scanners, X-ray couches, surgical target tools, and more. This could be owing to the ability to have a large amount of stability and X-ray transparency. Furthermore, it is also been utilized in wheelchairs, braces, orthotics, and podiatric-correcting insoles, along with prosthetics such as springs and anterior feet.

Challenges

  • High Manufacturing Cost - The market for carbon fibers Prepreg is significantly constrained by high manufacturing and processing costs. The high cost of carbon fiber recycling Prepreg could prove to be a barrier to a company's expansion. For manufacturers of carbon fiber Prepreg, delivering a quality product at a reasonable cost may be quite difficult.
  • Huge Cost for Research & Discovery
  • Availability of Substitutes

Carbon Fiber Prepreg Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

11.3%

Base Year Market Size (2023)

USD 8.9 Billion

Forecast Year Market Size (2036)

USD 35.81 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Carbon Fiber Prepreg Segmentation

End Use Industries (Aerospace & Defense, Automotive, Sports & Leisure, Wind Energy)

The aerospace & defense segment in the carbon fiber prepreg market is projected to gather a share of about 64% over the forecast period over the projected period. Several airplane parts, such as wings, fuselages, and engine cowlings, are made of carbon fiber prepreg. The capacity to assist lighten the overall size of the aircraft is one of the key benefits of employing carbon fiber prepreg in the manufacture of aircraft. Performance and fuel economy may both benefit from this. Further, it is also one of the preferred materials in military applications such as military vehicle drive shafts, hand guards or scopes, and more.

Resin Type (Epoxy Resin, Phenolic Resin, BMI Resin, Cyanate Ester Resin, Thermoplastic Resin)

Carbon fiber prepreg market from the epoxy resin segment is set to grow at a share of approximately 51% over the forecast period. Due to their outstanding mechanical performance, high stiffness, corrosion resistance, low coefficient of thermal expansion, chemical resistance, and excellent electrical and thermal conductivity, carbon fiber-based polymer epoxy composites serve an important part in the aerospace and automotive sectors. Hence, with the growth in the manufacturing of aerospace and vehicles, the segment is estimated to grow.

Our in-depth analysis of the global market includes the following segments:

             Resin Type

  • Epoxy Resin
  • Phenolic Resin
  • BMI Resin
  • Cyanate Ester Resin
  • Thermoplastic Resin

            Manufacturing Process

  • Hot Melt Process
  • Solvent DIP Process

             End Use Industries

  • Aerospace & Defense
  • Automotive
  • Sports & Leisure
  • Wind Energy

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Carbon Fiber Prepreg Industry- Regional Synopsis

European Market Forecast

The carbon fiber prepreg market in Europe is set to gather the highest share of about 30% over the forecast period, backed by growing disposable income in this region. Household gross disposable income rose 2.2% in the euro area and 2.4% in the EU during the fourth quarter of 2022. Hence, owing to this growth in disposable income, the people spending on electronic items in this region is also estimated to grow. Therefore, the market for carbon fiber prepreg is also projected to expand.

North American Market Analysis

The North America market for carbon fiber prepreg is also set to have significant growth over the forecast period. North America is known for its cutting-edge innovation and commitment to research and development. The region has well-established research institutes, universities, and corporate R&D centers that promote innovation in carbon fiber composites. The market for carbon fiber prepregs is significantly influenced by the automobile sector in North America. To achieve fuel efficiency requirements, lower emissions, and improve vehicle performance, manufacturers in the region are increasingly using carbon fiber composites.

Research Nester
Carbon Fiber Prepreg Market  Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Carbon Fiber Prepreg Landscape

    • Plastic Reinforcement Fabrics Ltd
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Barrday, Inc.
    • GMS Composites
    • TCR Composites, Inc.
    • Hexcel Corporation
    • Solvay
    • Teijin Limited
    • Park Aerospace Corporation
    • Axiom Materials
    • TenCate Fabrics

In the News

  • In order to provide carbon fiber prepreg for the Falcon 10X programme, Hexcel Corporation recently revealed that it had secured a long-term arrangement with Dassault. In order to produce its aircraft wings, this Dassault business jet programme is the first to use high-performance advanced carbon fiber composites.
  • A significant new product, SolvaLite 714 Prepregs, a new generation of unidirectional carbon-fiber and woven fabric products pre-impregnated with SolvaLite 714 epoxy resin, has been introduced by Solvay, a top global supplier of specialty materials, to its extensive portfolio of composite materials for the automotive industry.

Author Credits:  Rajrani Baghel


  • Report ID: 5114
  • Published Date: Aug 02, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of carbon fiber prepreg is assessed at USD 9.81 Billion.

The carbon fiber prepreg market size was over USD 8.9 Billion in 2023 and is likely to reach USD 35.81 Billion by the end of 2036, growing at around 11.3% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market are growing automotive manufacturing, rising use of carbon fiber prepreg in sports, and surge in importance of carbon fiber prepreg in medical sector.

Europe industry is set to gather the highest share of about 30% by 2036, backed by growing disposable income in this region.

Plastic Reinforcement Fabrics Ltd, Barrday, Inc., GMS Composites, TCR Composites, Inc., Hexcel Corporation, Solvay, Teijin Limited, Park Aerospace Corporation, Axiom Materials, TenCate Fabrics
Carbon Fiber Prepreg Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample