Market Research Logo

Global Carbon Fiber Prepreg Market 2017-2021

Global Carbon Fiber Prepreg Market 2017-2021

About Carbon Fiber Prepreg

Carbon fibers are fibers composed mostly of carbon atoms and have a diameter of about 3-15 micrometers. The carbon atoms are bonded together in crystals, which are aligned parallel to the long axis of the fiber. This alignment gives the fiber a high strength-to-volume ratio. Prepregs are materials consisting of reinforcing fibers that are pre-impregnated with thermoset and thermoplastic resins. These products are cured under high temperature and pressure and have properties that can be useful for a wide range of applications. Carbon fiber prepreg materials are used in aerospace and defense, wind energy, sports, and automotive applications. Composite prepregs in various fields have increased substantially over the last 10 years.

Technavio’s analysts forecast the global carbon fiber prepreg market to grow at a CAGR of 10.62% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global carbon fiber prepreg market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Carbon Fiber Prepreg Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cytec Solvay Group
  • Gurit
  • Hexcel
  • TEIJIN
  • TORAY INDUSTRIES
Other prominent vendors
  • Axiom Materials
  • Dexcraft.com
  • DowAksa
  • Formosa Plastics Corporation
  • GMS COMPOSITES
  • HC Composite
  • Koninklijke Ten Cate
  • Mitsubishi Chemical Corporation
  • Nippon Graphite Fiber
  • Plastic Reinforcement Fabrics
  • SGL Group
  • SK chemicals
  • TCR Composites
  • UNICARBON
Market driver
  • Growth of wind power capacities
  • For a full, detailed list, view our report
Market challenge
  • High cost related to carbon composites
  • For a full, detailed list, view our report
Market trend
  • Population growth, urbanization, and growing power requirement
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Carbon Fiber Prepreg Market 2017-2021

Technavio recognizes the following companies as the key players in the global carbon fiber prepreg market: Cytec Solvay Group, Gurit, Hexcel, TEIJIN, and TORAY INDUSTRIES

Other Prominent Vendors in the market are: Axiom Materials, Dexcraft.com, DowAksa, ,Formosa Plastics Corporation, GMS COMPOSITES, HC Composite, Koninklijke Ten Cate, Mitsubishi Chemical Corporation, Nippon Graphite Fiber, Plastic Reinforcement Fabrics, SGL Group, SK chemicals, TCR Composites, andUNICARBON.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Population growth, urbanization, and growing power requirement. In recent years, the movement of population from rural to urban areas has been a cause of concern for many nations. This has led to improved living standards and people accepting urban lifestyles. This trend is being monetized by the automotive, construction, and general industrial sectors. The substantial expenditure is still considered insufficient to meet the needs of the infrastructure sector.”

According to the report, one of the major drivers for this market is Growth of wind power capacities. Wind energy is a low-cost renewable source of energy for the generation of electricity. The developed regions such as North America and Western Europe have accounted for the highest investments in the total wind power installations across the globe. Carbon fiber composites have high-potential applications in the wind energy sector, with turbine blades being the fastest-growing segment.

Further, the report states that one of the major factors hindering the growth of this market is High cost related to carbon composites. The manufacturing and processing of carbon fiber composites involve high R&D cost. Also, the testing of carbon fiber composites for applications such as aerospace and defense is time-consuming, expensive, and have long cycle process. The cost of carbon fiber composites is higher than metals and is eight times more when compared to steel, which restricts the market growth. An increase in the cost of raw materials such as resins and carbon fibers can lead to high procurement costs for vendors. The manufacturing cost and the R&D cost associated with the carbon-fiber composites can reduce the demand for carbon-fiber composites and can increase the demand for the substitute products. Polyacrylonitrile (PAN) is the raw material used to manufacture carbon-fiber composites, whose cost is very high when compared to its substitute such as steel. The high manufacturing cost associated with carbon-fiber composite is mainly due to the increased raw material cost. As carbon fiber composites are costly, OEMs will shift to cheaper alternatives, which will lower the demand for carbon fiber prepreg used in carbon fiber composites.

Companies Mentioned

Cytec Solvay Group, Gurit, Hexcel, TEIJIN, TORAY INDUSTRIES, Axiom Materials, Dexcraft.com, DowAksa, ,Formosa Plastics Corporation, GMS COMPOSITES, HC Composite, Koninklijke Ten Cate, Mitsubishi Chemical Corporation, Nippon Graphite Fiber, Plastic Reinforcement Fabrics, SGL Group, SK chemicals, TCR Composites, andUNICARBON.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Carbon fiber prepreg manufacturing process
  • Market landscape
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market size and forecast 2016-2021
      • Table Global carbon fiber prepreg market — Market size and forecast 2016-2021 ($ millions)
      • Table Global carbon fiber prepreg market — Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by application
    • Segmentation by application
      • Table Global carbon fiber prepreg market by application — Market share 2016-2021 (%)
    • Comparison by application
      • Table Comparison by application
    • Aerospace and defense — Market size and forecast 2016-2021
      • Table Aerospace and defense — Market size and forecast 2016-2021 ($ millions)
      • Table Aerospace and defense — Year-over-year growth 2017-2021 (%)
    • Wind energy — Market size and forecast 2016-2021
      • Table Wind energy — Market size and forecast 2016-2021 ($ millions)
      • Table Wind energy — Year-over-year growth 2017-2021 (%)
    • Sports equipment — Market size and forecast 2016-2021
      • Table Sports equipment — Market size and forecast 2016-2021 ($ millions)
      • Table Sports equipment — Year-over-year growth 2017-2021 (%)
    • Automotive parts — Market size and forecast 2016-2021
      • Table Automotive parts — Market size and forecast 2016-2021 ($ millions)
      • Table Automotive parts — Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by type
    • Segmentation by type
      • Table Global carbon fiber prepreg market by type — Market share 2016-2021 (%)
    • Comparison by type
      • Table Comparison by type
    • Thermoset — Market size and forecast 2016-2021
      • Table Thermoset — Market size and forecast 2016-2021 ($ millions)
      • Table Thermoset — Year-over-year growth 2017-2021 (%)
    • Thermoplastics — Market size and forecast 2016-2021
      • Table Thermoplastics — Market size and forecast 2016-2021 ($ millions)
      • Table Thermoplastics — Year-over-year growth 2017-2021 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Regional landscape
    • Geographical segmentation
      • Table Global carbon fiber prepreg market by geography — Market share 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas — Market size and forecast 2016-2021
      • Table Americas — Market size and forecast 2016-2021 ($ millions)
      • Table Americas — Year-over-year growth 2017-2021 (%)
    • EMEA — Market size and forecast 2016-2021
      • Table EMEA — Market size and forecast 2016-2021 ($ millions)
      • Table EMEA — Year-over-year growth 2017-2021 (%)
    • APAC — Market size and forecast 2016-2021
      • Table APAC — Market size and forecast 2016-2021 ($ millions)
      • Table APAC — Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global wind turbine composite materials market by geography 2016 (% share)
    • Market challenges
  • Market trends
    • Population growth, urbanization, and growing power requirement
    • Increasing demand for lightweight and highperformance materials
    • Increasing demand for fuel-efficient vehicles
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key vendors in the global carbon fiber prepreg market 2016
    • Other prominent vendors
  • Vendor analysis
    • Cytec Solvay Group
      • Table Cytec Solvay Group — Business segmentation by revenue 2016
      • Table Cytec Solvay Group — Geographical segmentation by revenue 2016
    • Gurit
      • Table Gurit — Business segmentation by revenue 2016
      • Table Gurit — Geographical segmentation by revenue 2016
      • Table Gurit — Product offering 2016
    • Hexcel
      • Table Hexcel — Business segmentation by revenue 2016
      • Table Hexcel — Geographical segmentation by revenue 2016
    • TEIJIN
      • Table TEIJIN — Business segmentation by revenue 2016
      • Table TEIJIN — Geographical segmentation by revenue 2016
    • TORAY INDUSTRIES
      • Table TORAY INDUSTRIES — Business segmentation by revenue 2017
      • Table TORAY INDUSTRIES — Geographical segmentation by revenue 2017
      • Table TORAY INDUSTRIES — Product offering 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report