Carbon Fiber Prepreg Market Trends Analysis Research Report by Resin Type (Epoxy, Phenolic, Thermoplastic, Bismaleimide, Polyimide, Others) Manufacturing Process (Hot Melt, Solvent Dip) End-use Industry (Aerospace & Defense, Wind Energy, Sports & Recreation, Automotive, Others) and Region, Insights, and Forecast from 2023 to 2030.

Carbon Fiber Prepreg Market Overview

 “The Carbon Fiber Prepreg Market Predictable to increase at a CAGR of 7.5% from its Size $10.95 Billion in 2023 to $21.7 Billion by 2030.”

A reinforcing fabric is commonly referred to as “prepreg” when it has already been soaked with a resin solution. In this resin system, the curing agent is usually epoxy, which is already present. As a result, there is no need for additional resin to prepare the prepreg for injection into the mold. To cure the laminate, both heat and pressure must be applied.

Carbon fiber prepregs are made by mixing resins like PEEK, epoxy, and phenols with carbon fibers. Prepreg is ideal for use in commercial and industrial settings due to its high strength-to-weight ratio, exceptional fire resistance, and robust resistance to fatigue and corrosion. Carbon fiber prepreg is created by pre-impregnating a matrix material with fibers, which are often carbon, glass, or aramid fibers. Carbon fiber prepreg is lightweight while also being resistant to chemicals, moisture, corrosion, and abrasion.

Carbon fiber prepregs are made by mixing carbon fibers with thermoplastic resins like PEEK and thermoset resins like epoxy and phenol. Prepreg is widely used in commercial and industrial applications due of its good fire resistance, high strength-to-weight ratio, and resistance to corrosion and weakening. Carbon fiber prepreg is made by impregnating a matrix material with fibers, specifically carbon, aramid, and glass fibers. Carbon fiber prepreg is a lightweight material that can withstand chemicals, moisture, and corrosi

This carbon fiber prepreg requires vacuum bagging, composite vacuum pumps, and molds that are extremely thermally stable. To prevent these fibers from hardening before use, a temperature of around -20°C is required. Carbon fiber prepreg is commonly produced by one of two methods: hot melt or solvent dip. Its lightweight design, chemical resistance, and high tensile strength help a wide range of end-use industries, including wind turbines, aerospace, and automobiles.

Rising demand for carbon fiber prepreg from end-user industries is likely to drive the market during the forecast period. The carbon fiber prepreg market is also being driven by rising demand for fuel-efficient vehicles and increased investment in renewable energy.

Epoxy resin currently dominates the carbon fiber prepreg market and is projected to continue to do so during the forecast period. Because of its distinct properties, epoxy resin is widely used in a variety of industries, including wind, aerospace, sports and recreation, and military. These qualities include resistance to heat, corrosion, and moisture, as well as a high strength-to-weight ratio.

The carbon fiber prepreg industry is expected to grow due to increased demand for ecologically friendly vehicles. Carbon fiber prepregs are also in high demand from a variety of sectors, including the military and aerospace industries. Carbon fiber prepregs have attracted manufacturers, retailers, and consumers because to their high strength and low weight, which is expected to drive growth in the carbon fiber prep market.

A growing range of sporting items, such as bicycles, fishing rods, golf shafts, tennis rackets, and carbon fiber prepregs, are helping to drive market growth. These and other factors are driving expansion in the carbon fiber prepreg market.

Carbon Fiber Prepreg Market Segments

Different types of resin, production methods, and end-use industries make up the global carbon fiber prepreg market’s distinct segments. Epoxy, thermoplastic, bismaleimide, polyimide, and other types of resins make up different segments of the market. 

The market is divided into two segments based on the manufacturing process: hot melt and solvent dip. Market segments are based on end-use industry, with aerospace and defense, wind energy, sports and recreation, automotive, and other segments following suit.

When it came to carbon fiber prepreg, the most popular resin type was epoxy. Epoxy resins dominate the dry carbon fiber market because of its widespread use in several industries, including aerospace and military, automotive, sports and leisure, wind energy, and others. Because of the high cost of processing epoxy resins for various uses at the end of their life, these materials are notoriously expensive.

The inert chemical composition, robust, interlinking molecular structure, and resistance to ultraviolet light and chemical assaults make epoxy resins very long-lasting. A combination of epoxy resin and carbon fiber is most commonly used in the automotive and aerospace/military sectors. Its faster curing time makes it the thermoset resin of choice for the automotive industry.

In terms of final consumer spending, the aerospace and defense sectors are head and shoulders above the competition. The primary sectors that utilize carbon fiber prepreg include wind energy, sports and leisure, automobiles, and aerospace and military. Aerospace and defense accounted for the lion’s share of the market in terms of both volume and value.

More planes being manufactured by Boeing and Airbus is the cause of this. According to Boeing and Airbus, there is expected to be a demand for approximately 9,000 new wide-bodied aircraft over the next 20 years. Carbon fiber prepreg is also finding more and more use in narrow-body aircraft. Aircraft production will rise 5.8% each year, according to the Teal Group.

Segments Covered in the Carbon Fiber Prepreg Market

By Resin Type

• Epoxy
• Phenolic
• Thermoplastic
• Bismaleimide
• Polyimide
• Others

By Manufacturing Process

• Hot Melt
• Solvent Dip

By End-Use Industry

• Aerospace & Defense
• Wind Energy
• Sports & Recreation
• Automotive
• Others

Competitive Landscape of theCarbon Fiber Prepreg Market

• SGL Group
• Gurit Holdings AG
• Park Electrochemical Corporation
• Toray Industries
• Teijin Limited
• Royal TenCate N.V.
• Hexcel Corporation
• Solvay
• Mitsubishi Rayon Co. Ltd.
• Axiom Materials.

Recent Developments 

Feb 16, 2023: Toray Supplies H3 Launch Vehicle with high-performance carbon fiber and prepreg

September 2022: Solvay launched a carbon fiber epoxy prepreg tooling material by the name LTM 350, which is designed to deliver significant time and cost savings for the industrial, aerospace, automotive, and race car markets. This material can be cured at temperatures as low as 45°C with an extended post-cure and offers an industry-leading fast, low-temperature cure cycle (3 hrs at 60°C).

In June 2022, Hexcel Corporation was awarded a long-term contract by Sikorsky, a Lockheed Martin Company, to supply advanced composite structures for the CH-53K King Stallion heavy lift helicopter program. The agreement significantly expands Hexcel composite content in the aircraft.

In May 2022, Toray Composite Materials America, Inc., a subsidiary of Toray Industries, Inc., announced that it entered into a collaborative arrangement with Bell Textron Inc. to support a new National Center for Advanced Materials Performance (NCAMP) design allowable dataset for Toray’s 3960 prepreg material system. This prepreg system utilizes Toray’s T1100 intermediate modulus plus (IM+) fibers, providing high toughness and exceptional tensile performance ideal for aerospace applications.

Carbon Fiber Prepreg Market Regional Insights

The Carbon Fiber Prepreg market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

Europe accounted for the largest market in the Carbon Fiber Prepreg market. Europe is a significant market for carbon fiber prepreg films. Due to the rising demand for materials with superior strength, low weight, and chemical and corrosion-resistant qualities, the market is expanding. Large aircraft producers, producers of electric vehicles, and offshore wind farm installations all operate in the region, which drives the market. In its 7-series sedan, BMW began utilizing carbon fiber implants in 2015.

Offshore wind energy plants are widely spread, particularly in the UK and Germany. The UK increased its offshore wind power capacity by 1,680 MW in 2017, which accounts for roughly 39% of the total increase in offshore wind capacity worldwide in 2017.

Process innovation enhanced R&D, and increased automobile production in nations like France, Germany, Spain, and the United Kingdom are anticipated to drive the region’s automotive industry’s expansion. Thus, it is projected that the rapid development of the automotive industry along with the increased need for lightweight materials will drive market expansion in Europe. It is also anticipated that an increase in wind energy projects in nations like Germany and the Czech Republic will boost industry expansion.

North America accounted for the second largest market in the Carbon Fiber Prepreg market. This expansion is linked to North America’s fast-growing aircraft sector.

An increase in the production of airframes and aircraft parts is anticipated over the forecast period as the region is anticipated to meet nearly one-third of the demand for the world’s operational fleet. Over the course of the projection period, increasing demand for new-generation aircraft is anticipated to fuel the expansion of the aircraft manufacturing sector and support the regional market.

Frequently asked questions with answers

What is the worth of the global Carbon Fiber Prepreg market?

Carbon Fiber Prepreg Market Predictable to increase at a CAGR of 7.7% from its Size $11.10 Billion in 2023 to $23 Billion by 2030.

What is the forecast year for the Fiber Prepreg market?

The Fiber Prepreg market forecast year is 2023-2030.

Which region is dominating the Carbon Fiber Prepreg market?

Europe region is dominating in the Carbon Fiber Prepreg market.

Based on the end-use industry which segment is dominating in the Carbon Fiber Prepreg market

The aerospace defense industry is dominating the Carbon Fiber Prepreg market

Report Features

This report gives the most complete information. The report on Carbon Fiber Prepreg Market format has been designed so that it can provide the best value to the business. It offers crucial insights into the market’s dynamic and will aid in strategic decision-making for current players as well as those looking to join the market.

What Deliverables Will You Get in this Report?

Table of Contents

1. Introduction
   1. Market Definition
   2. Market Segmentation
   3. Research Timelines
   4. Assumptions and Limitations
2. Research Methodology
   • Data Mining
     1. Secondary Research
     2. Primary Research
     3. Subject-Matter Experts’ Advice
   • Quality Checks
     1. Final Review
   • Data Triangulation
     1. Bottom-Up Approach
     2. Top-Down Approach
     3. Research Flow
   • Data Sources
3. Executive Summary
4. Market Overview
   • Global Carbon Fiber Prepreg Market Outlook
     1. Market Drivers
     2. Market Restraints
     3. Market Opportunities
   • Impact of Covid-19 On the Carbon Fiber Prepreg Market
   • Porter’s five forces model
     1. Threat from new entrants
     2. Threat from substitutes
     3. Bargaining power of suppliers
     4. Bargaining power of customers
     5. Degree of competition
   • Industry value chain Analysis
5. Global Carbon Fiber Prepreg Market by Resin Type (USD Billion), (Kilotons)
   1. Epoxy
   2. Phenolic
   3. Thermoplastic
   4. Bismaleimide
   5. Polyimide
   6. Others
6. Global Carbon Fiber Prepreg Market by Manufacturing Process (USD Billion), (Kilotons)
   1. Hot Melt
   2. Solvent Dip
7. Global Carbon Fiber Prepreg Market by End-Use Industry (USD Billion), (Kilotons)
   1. Aerospace & Defense
   2. Wind Energy
   3. Sports & Recreation
   4. Automotive
   5. Others
8. Global Carbon Fiber Prepreg Market by Region (USD Billion), (Kilotons)
   • North America
     1. US
     2. Canada
     3. Mexico
   • South America
     1. Brazil
     2. Argentina
     3. Colombia
     4. Rest Of South America
   • Europe
     1. Germany
     2. UK
     3. France
     4. Italy
     5. Spain
     6. Russia
     7. Rest Of Europe
   • Asia Pacific
     1. India
     2. China
     3. Japan
     4. South Korea
     5. Australia
     6. South-East Asia
     7. Rest Of Asia Pacific
   • Middle East and Africa
     1. UAE
     2. Saudi Arabia
     3. South Africa
     4. Rest Of Middle East and Africa

9. Company Profiles*

(Business Overview, Company Snapshot, Products Offered, Recent Developments)              

1. Toray Industries, Inc.
2. Mitsubishi Chemical Carbon Fiber and Composies, Inc.
3. Solvay
4. Teijin Limited
5. Hexcel Corporation
6. SGL Carbon
7. Gurit Holding AG
8. Rock West Composites, Inc.
9. Park Aerospace Corp.
10. Axiom Materials, Inc.