13th Aug 2019 – The global Prepreg
Market is projected to reach USD 12.48 billion by 2024 owing to the
rise in the demand of high-performing and lightweight Prepreg in the industries
like defense, aerospace, wind energy and sporting goods. Prepreg is also known
as reinforcing fabric that has been pre-impregnated by a resin system. The
resin system by default contains the proper curing agent which helps the
Prepreg to get molded with no further resin addition. To cure the laminate, it
is important to use the combination of heat and pressure. The regulatory
standards stressing on the use of fuel efficient and lightweight materials are
expected to rise the Prepreg Market with a CAGR of 10.0% in the forecast
period.
Besides the traditional hand layup,
Prepreg comprises several benefits like it holding maximum strength properties.
It is difficult to obtain half amount of resin in a hand layup. This means that
the laminate weight consists of resin and fabric equally. The customary hand
laminates with vacuum bag result in sizeable amount of extra resin. Extra resin
reduces overall properties and increases brittleness. Conversely, the Prepregs
include approximate 35% resin, which is perfect as curing properties.
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Constant thickness is observed in the
hand laminates and every releasing part is probably similar. This might
encourage more errors in the handling, vacuum bagging methods, etc. The Prepreg
avoids these deformities significantly by creating less waste and clutter.
Additionally, the Prepregs are managed at warm temperatures for the easy and
efficient use of resins. They also offer less curing time to be used in improved
ways. The Prepreg also removes air bubbles to make the surface glossier and
smooth.
The Prepregs are specifically used by
the professional fabricators who wish to minimize the weight of any given
product. Prepregs are mostly used in aerospace, sports goods, commercial
vehicles, pressure vessels and racing. They are used by fabricators who work
with the vacuum bagging and hand layups. To avoid the drawbacks of the hand
layup, the Prepreg is generally not much used, even though it can be easily
used, even by a beginner.
The wind capacity installations has been
growing considerably across the globe due to which the Prepreg demand for the
manufacturing of turbine blades is rising. The lightweight and less consuming
energy feature has increased the manufacturing of turbine blades. Additionally,
the cotton fiber Prepreg allows extended wind in turbines with efficient
designs blade design and improves stiffness-to-weight ratio in longer blades.
The Prepreg industry is driven by these benefits that contribute to the growth
of wind energy applications.
The Prepreg Market is estimated to grow
significantly in the coming years with great opportunities. The speedy increase
in demand for the end use applications, competitive manufacturing costs and
noteworthy economic growth are driving the market in Asia Pacific. These
factors are also expected to encourage the businesses for expanding and
adopting research and development strategies in this area.
The prominent players of Prepreg
industry are stressing on these regions for gaining a larger share market. The
manufacturers of Prepreg are motivated to adopt expansion and acquisition
strategies to offer exceptional solutions to market demand. Several market
players are shifting their plants to the developing economies like India and
China because of the growing demand and reduced raw material and labor cost in
these regions.
The Prepreg industry is categorized on
the basis of end user industry, material, manufacturing technology, types of
Prepreg, market by reinforcement, resin, and Geography. On the basis of end
user industry, the Market is divided into Commercial Aerospace,
Military/Defense, General Aviation, Space/Satellite, Sporting Goods, Marine,
Wind Energy, Automotive, Civil Engineering, etc.
On the basis of material, the Prepreg
Market is divided into UD Prepreg and Fabric Prepreg. On the basis of
manufacturing technology, the Market is divided into Hot Melt and Solvent Dip.
In terms of type of Prepreg, the Market is divided into Thermoset Prepreg and
Thermoplastic Prepreg. On the grounds of market by reinforcement, the market is
divided into Carbon Fiber, Glass Fiber and Aramid Fiber. On the basis of Resin,
the industry is divided into Epoxy, BMI, Phenolic, Cyanate Ester, and
Thermoplastics.
Geographically, the Prepreg industry is
segmented as North America, Europe, Asia Pacific and rest world. Owing to the
growing demand from the aerospace and other end user industry, North America is
predicted to dominate the market share. The market players profiled here are Cytec
Solvay Group, Celanese, Mitsubishi Rayon (MRC), Toray, Hexcel and Teijin.
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