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Carbon Fiber Prepreg Market Growth Accelerated by Eco-friendly Properties

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ashwini bakhade
Carbon Fiber Prepreg Market Growth Accelerated by Eco-friendly Properties

 Carbon prepreg materials are structural composite materials composed of carbon fibers pre-impregnated with chemically cured thermoset resins such as epoxy. Carbon prepreg exhibits excellent properties such as high stiffness, strength, fatigue resistance, and dimensional stability. Carbon prepreg materials are ideal for applications demanding premium mechanical performance in industries including aerospace & defense, automotive, wind energy, and sporting goods. 

The global carbon prepreg market is estimated to be valued at US$ 9728 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.


Market key trends:


One of the main market trends driving the growth in the carbon prepreg market is awareness regarding eco-friendly materials. Carbon fiber prepreg materials have low density and high specific strength and modulus which help reduce fuel consumption in transportation applications such as aircraft and electric vehicles. Additionally, carbon fibers do not corrode, eliminating the need for repainting or chemical treatments which reduces environmental impact. Lightweighting potential of carbon prepreg translates to improved fuel efficiency and reduced emissions making them an environment-friendly alternative to metallic materials. Thus, increased focus on sustainability is expected to boost adoption of carbon prepreg materials across industries over the forecast period.

Segment Analysis

The global carbon prepreg market is segmented by raw material, resin type, end-use industry and region. Based on raw material, the carbon fiber segment is expected to dominate during the forecast period due to rising demand from aerospace, automotive and wind energy industries. Carbon fiber offers advantages such as light weight, high strength and stiffness over other fibers.


Key Takeaways

The Global Carbon Prepreg Market Size is expected to witness high growth. The market size for 2024 is US$ 9728 Mn and forecast period is from 2024 to 2031 with a CAGR of 5.9%.

Regional analysis: The North America region dominated the global carbon prepreg market in 2020 and is expected to maintain its dominance during the forecast period. This is attributed to early introduction and high acceptance of carbon fiber composites in various end-use industries such as aerospace and defense in the region. In addition, growing demand for lightweight and durable material from automotive OEMs is also fostering the regional market growth.

Key players operating in the carbon prepreg market are 3M, Arkema Group (Bostik SA), H.B. Fuller Company, Henkel AG & Co. KGaA, Master Bond Inc., Nexus Adhesives, Permabond LLC, Pidilite Industries Ltd, Sika AG, and Threebond International Inc. 3M is a leading manufacturer of carbon prepreg tapes and sheets globally. The company offers comprehensive solutions for thermosetting and thermoplastic carbon composites. Arkema Group provides carbon fiber prepregs under the brand name Bostik which are used in wind turbine blades, aerospace structures and pressure vessels.


Get more insights on this topic:

https://www.marketwebjournal.com/carbon-prepreg-market-market-size-and-share-analysis/

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Sofia Kausar 2022-11-21
img
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