Prepreg is a type of material that uses a resin matrix to impregnate continuous fibers or fabrics under strictly controlled conditions and is an intermediate material for manufacturing composite materials.
Overview of Market Development
According to our research data, the global prepreg market size reached $6777 million in 2023, an increase of 6.37% compared to 2022. In the coming years, with the recovery of the global economy and the continuous advancement of infrastructure construction, the demand for prepreg will continue to increase. In addition, with the continuous development of technology, the prepreg industry will continuously introduce new technologies, processes, and materials to improve product quality and performance. This will promote further expansion of the market. It is expected that by 2028, the global prepreg market size will increase to $9269 million.
From a geographical distribution perspective, the global prepreg market is mainly concentrated in North America, Europe, and the Asia Pacific region. These three regions have a total market share of over 90% in the global market. Among them, the Asia Pacific region is the largest revenue market with a market share of nearly 35%. This is mainly attributed to the rapid development of infrastructure construction, aerospace, and automotive manufacturing in Asian countries such as China and Japan.
Global Prepreg Industry Market Size Forecast and Market Share by Region in 2023
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, prepreg can be divided into thermosetting prepreg and thermoplastic prepreg according to the different resin matrices. Thermosetting prepreg refers to the resin matrix that undergoes a chemical reaction during the heating process, thereby solidifying and forming; Thermoplastic prepreg refers to the resin matrix that softens during heating, but does not undergo chemical reactions, and can be repeatedly heated, softened, and cooled for curing.
According to the different reinforcing materials, prepreg can be divided into carbon fiber prepreg, glass fiber prepreg, and aramid prepreg, etc. Among them, carbon fiber prepreg dominates. The data shows that the global carbon fiber prepreg segment market size in 2023 was $3805 million, with a market share of 56.15%.
From the perspective of downstream application patterns, prepreg has a wide range of applications in fields such as aerospace & defense, wind energy, sports equipment, automobiles, and electronics. Among them, the aerospace & defense sector was the largest downstream application market, with an application share of 35.46% in 2023.
Global Prepreg Industry Market Size and Share by Type and Application in
2023
|
|
Market Size (Million USD)
|
Market Share
|
|
Segmented by Type
|
|
Glass Fiber Prepreg
|
1895
|
27.96%
|
|
Carbon Fiber Prepreg
|
3805
|
56.15%
|
|
Aramid Prepreg
|
1078
|
15.91%
|
|
Segmented by Application
|
|
Aerospace & Defense
|
2403
|
35.46%
|
|
Wind Energy
|
1309
|
19.32%
|
|
Sports Equipment
|
283
|
4.18%
|
|
Automobiles
|
1661
|
24.51%
|
|
Electronics
|
853
|
12.59%
|
|
Others
|
269
|
3.97%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Prepreg Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
Chinese