A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Prepreg
Market. The
study, titled “Prepreg
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Prepregs
are composite materials, wherein a reinforcement fiber is
pre-impregnated with a thermoplastic or thermoset resin matrix in a
certain ratio. Prepregs offer unique properties, as they are
manufactured by curing under high temperatures and pressures. The
resin matrix in prepregs is partially cured for easy handling and is
stored at cool temperature to prevent complete polymerization. The
fiber often takes the form of a weave, and the matrix is used to bond
them together and to other components during manufacture.
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Market Research Report @
Based
on fiber, the prepreg market has been segmented into carbon, aramid,
and glass. The carbon fiber segment accounted for significant share
of the global prepreg market in 2015 owing to the wide applications
in different end-use industries. Glass fiber segment is expected to
experience high growth rate, led by the increase in demand for
automotive interior. Changes in consumer preferences and rise in
disposable income are anticipated to boost the demand for prepregs
during the forecast period.
In
terms of region, the global prepreg market has been divided into Asia
Pacific, North America, Europe, Middle East & Africa, and Latin
America. Asia Pacific accounted for key share of the prepreg market
in 2015, followed by North America and Europe. The market for prepreg
in Asia Pacific is estimated to expand due to the rise in demand for
composites in various end-use sectors such as aerospace &
defense, wind, sporting goods, automotive, and electronics.
Automotive held prominent share of the prepreg market in 2015. The
prepreg market is driven by the rising demand for interior designing.
Increase in disposable income of consumers in North America and
Europe is projected to boost the prepreg market in these regions. The
U.S. and the U.K. are likely to constitute major share of the prepreg
market in North America and Europe, respectively, due to the high
disposable income of the people in these regions and new product
launches. The prepreg market is anticipated to witness a shift from
the U.S., and Western Europe, to the developing economies in Asia
Pacific, led by high demand for composites in the automotive sector.
The prepreg market in developing economies in Asia, namely China and
India, is also likely to expand at a rapid pace due to the increase
in income and changing lifestyle of consumers. Technological
advancements and innovations of new products are also likely to boost
the demand for prepregs during the forecast period.
Global
demand for prepregs is anticipated to rise significantly in the near
future. This offers high growth opportunities for the prepreg market.
Rapid increase in demand in end-use applications, competitive
manufacturing costs, and high economic growth rate are propelling the
prepreg market in Asia Pacific. These factors are encouraging
companies to adopt expansion and R&D strategies in the region.
Market players are focusing on Asia Pacific to gain higher market
share. Producers of prepregs have been compelled to adopt expansion
and acquisition strategies to meet the global demand. Large numbers
of producers are shifting their plants to countries such as China and
India due to the factors such as high demand and low raw material and
labor costs in these countries.
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the form for an exclusive sample of this report @
Major
players operating in the global prepreg market are Solvay, Hexcel
Corporation, Royal Tencate N.V., Teijin Limited, Toray Industries,
Inc., Gurit Holding Ag, SGL Group, Axiom Materials, Mitsubishi Rayon
Co. Ltd., and Park Electrochemical Corp.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
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proprietary data sources and various tools and techniques to gather
and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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