Global Prepreg Market 2017-2021
Prepregs are fiber reinforcement pre-impregnated with a resin. The resins are often either thermoset or thermoplastic. The global prepreg market is largely driven by the growing composites market. The industry is striving for better acceptance of the product. This, along with cost cutting initiatives, is likely to increase the adoption of prepregs. The consumption of prepreg is likely to increase owing to environmental concerns and the strong need for alternate processing methods and products that comply with regulations. High-performance applications in the aerospace, wind energy, and automotive sectors are increasingly adopting prepregs. These cost intensive industries can withstand the high-cost aspect of prepregs. However, great opportunities exist in the market for prepreg manufacturers and subsequent processors if more cost-effective prepreg materials and manufacturing processes are developed.
Technavio’s analysts forecast the global prepreg market to grow at a CAGR of 10.34% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global prepreg market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: