KEY FINDINGS Asia Pacific Prepreg Market generated $1.47 billion in 2016. The market is anticipated to rise with 10.13% CAGR, raising $3.83 billion by the end of the forecast period of 2017-2026.
MARKET INSIGHTS The Indian market is expected to rise with the highest CAGR over the forecast period, closely followed by China. Areas like wind energy, industrial production, automotive, and manufacturing sector have witnessed increased growth in the region. Also, commercial and government investments, as well as FDI involvement in India, are significantly driving the demand for prepreg markets in India. Opportunities like rising demand for lightweight materials in sporting goods, growing popularity of carbon fiber prepregs and enhanced manufacturing processes & machinery are beckoning several global investors to explore the overall Asia-Pacific market.
COMPETITIVE INSIGHTS Companies like Uni-carbon, Mitsubishi Rayon Co. Ltd, Teijin Limited, Gurit Holding Ag, Cytec Solvay Group, Zyvex Technologies, Axiom Materials, Toray Industries Inc, SGL Group, Celanese, Royal Ten Cate N.V, Park Electrochemical Corp Vantec Group, Hexcel Corporation and Renegade Materials Corporation are ruling the prepreg market.