Market Size of Carbon Prepreg Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 7.73 Billion |
| Market Size (2029) | USD 12.01 Billion |
| CAGR (2024 - 2029) | 9.21 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Carbon Prepreg Market Analysis
The Carbon Prepreg Market size is estimated at USD 7.73 billion in 2024, and is expected to reach USD 12.01 billion by 2029, growing at a CAGR of 9.21% during the forecast period (2024-2029).
Due to the COVID-19 outbreak tourism sector was affected negatively which affected the aerospace industry. However, the easing of lockdowns and countries lifting travel restrictions led to increased traveling in the years 2021 and 2022 which helped the carbon prepreg market reach pre-pandemic levels.
- Emphasis on green energy sources, growing demand from CFRP components, and the growing demand from the aerospace and defense industry are likely to act as drivers for the market over the forecast period.
- However, the availability of eco-friendly alternatives is likely to hinder the market growth during the forecast period.
- Increasing application in the electronics industry is likely to act as an opportunity in the future.
- Europe dominated the market across the world due increased demand from the defense sector.
Carbon Prepreg Industry Segmentation
Carbon fiber impregnated with thermoset or thermoplastic resins is called carbon prepreg. The market is segmented by resin type, end-user industry, and geography. Resin types segment the market into thermoset resins and thermoplastic resins. By end-user industry, the market is segmented into aerospace & defense, energy, automotive, leisure, electronics, and other end-user industries. The report also covers the market size and forecasts for the floor coatings market in 15 countries across major regions. Each segment's market sizing and forecasts are based on revenue (USD).
| Resin Type | |
| Thermoset | |
| Thermoplastic |
| End-user Industry | |
| Aerospace and Defense | |
| Energy | |
| Automotive | |
| Leisure | |
| Electronics | |
| Other End-user Industries |
| Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Carbon Prepreg Market Size Summary
The carbon prepreg market is poised for significant growth, driven by increasing demand from the aerospace and defense sectors, as well as a heightened emphasis on green energy sources. The market is recovering from the impacts of the COVID-19 pandemic, with the easing of travel restrictions contributing to a resurgence in demand. Carbon prepregs, known for their lightweight and cost-effective properties, are extensively used in aerospace applications, including civil aircraft, military jets, and space satellites. The aerospace industry remains the largest consumer of these materials, with ongoing efforts to accelerate production to meet order backlogs further fueling market expansion. However, the availability of eco-friendly alternatives presents a challenge to market growth, while the expanding application of carbon prepregs in the electronics industry offers new opportunities.
Europe leads the global carbon prepreg market, driven by robust demand from the defense sector and a strong aerospace industry presence. The region's economic powerhouse, Germany, hosts numerous production facilities for aircraft components and lightweight materials, supporting the market's growth. The anticipated increase in aircraft production and the expansion of the airline fleet in Europe are expected to bolster demand for carbon prepregs. Additionally, recent projects in the European defense sector highlight the region's commitment to advancing technology, further supporting market expansion. The market is characterized by consolidation, with major players like TEIJIN LIMITED, Hexcel Corporation, and TORAY INDUSTRIES, INC. holding significant market shares. Innovations, such as Solvay's launch of a low-temperature curing carbon fiber epoxy prepreg, underscore the industry's focus on efficiency and cost-effectiveness.
Carbon Prepreg Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Emphasis on Green Energy Sources
-
1.1.2 Growing Demand for CFRP Components
-
1.1.3 Growing Demand from the Aerospace and Defense Sector
-
-
1.2 Restraints
-
1.2.1 Availability of Eco-Friendly Alternatives
-
1.2.2 Other Restraints
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION (Market Size in Value)
-
2.1 Resin Type
-
2.1.1 Thermoset
-
2.1.2 Thermoplastic
-
-
2.2 End-user Industry
-
2.2.1 Aerospace and Defense
-
2.2.2 Energy
-
2.2.3 Automotive
-
2.2.4 Leisure
-
2.2.5 Electronics
-
2.2.6 Other End-user Industries
-
-
2.3 Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 Italy
-
2.3.3.4 France
-
2.3.3.5 Rest of Europe
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle-East and Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 South Africa
-
2.3.5.3 Rest of Middle-East and Africa
-
-
-
Carbon Prepreg Market Size FAQs
How big is the Carbon Prepreg Market?
The Carbon Prepreg Market size is expected to reach USD 7.73 billion in 2024 and grow at a CAGR of 9.21% to reach USD 12.01 billion by 2029.
What is the current Carbon Prepreg Market size?
In 2024, the Carbon Prepreg Market size is expected to reach USD 7.73 billion.
