Market Size of Non-Woven Glass Fiber Prepreg Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Non-Woven Glass Fiber Prepreg Market Analysis
The market for the non-woven glass fiber prepreg is expected to grow at a CAGR of approximately 7% globally during the forecast period.
Increasing demand from the automobile sector and growing demand for lightweight and fire-resistant composites are driving the market growth.
High cost of production and the outbreak of COVID-19 are the reasons expected to hinder the market growth.
Non-Woven Glass Fiber Prepreg Industry Segmentation
The Non-Woven Glass Fiber Prepreg Market report include:
| Glass Fiber Type | |
| C-Glass | |
| E-Glass | |
| A- Glass | |
| Other Types |
| End-user Industry | |
| Automotive | |
| Aerospace and Defense | |
| Electrical and Electronics | |
| Wind Energy | |
| Other End-user Industries |
| Geography | ||||||||
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Non-Woven Glass Fiber Prepreg Market Size Summary
The non-woven glass fiber prepreg market is poised for significant growth, driven by increasing demand from the automotive sector and the rising need for lightweight and fire-resistant composites. This strong composite material is favored for its excellent mechanical properties, including stiffness, strength, and resistance to thermal, corrosion, electrical, and chemical factors, along with substantial weight savings compared to metals. The automotive industry, in particular, is shifting towards high-performance composites to enhance energy efficiency, reduce emissions, and improve safety while maintaining cost-effectiveness. However, challenges such as high production costs and the lingering effects of the COVID-19 pandemic, which disrupted manufacturing activities, are expected to hinder market expansion.
Regionally, Asia-Pacific is anticipated to lead the global market, bolstered by its advanced automobile sector in countries like China, Korea, and Japan, and ongoing investments in wind energy, aerospace, and defense. The region's dominance is further supported by its significant role in global automobile production and its status as a major producer and exporter of aerospace components. The growing demand for sustainable energy solutions has also increased the use of non-woven glass fiber prepreg in wind energy applications, particularly in turbine blades. Additionally, the material's application in electronics, such as printed circuit boards, highlights its environmental and thermal advantages. The market is characterized by partial consolidation, with key players like Hexcel Corporation, Owens Corning, Solvay S.A, Gurit Holdings AG, and Saint-Gobain Adfors holding substantial market shares.
Non-Woven Glass Fiber Prepreg Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Demand from Auotmobile Sector
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1.1.2 Growing Demand for Lightweight and Fire-Resistant Composites
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1.2 Restraints
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1.2.1 High Manufacturing Cost
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Glass Fiber Type
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2.1.1 C-Glass
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2.1.2 E-Glass
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2.1.3 A- Glass
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2.1.4 Other Types
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2.2 End-user Industry
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2.2.1 Automotive
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2.2.2 Aerospace and Defense
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2.2.3 Electrical and Electronics
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2.2.4 Wind Energy
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2.2.5 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Nordic Countries
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2.3.3.6 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Non-Woven Glass Fiber Prepreg Market Size FAQs
What is the current Non-Woven Glass Fiber Prepreg Market size?
The Non-Woven Glass Fiber Prepreg Market is projected to register a CAGR of less than 7% during the forecast period (2024-2029)
Who are the key players in Non-Woven Glass Fiber Prepreg Market?
Hexcel Corporation , Owens Corning , Solvay S.A , Gurit Holdings AG and ADFORS are the major companies operating in the Non-Woven Glass Fiber Prepreg Market.
