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The carbon fiber prepreg market is projected to grow from USD 7.0 billion in 2019 to USD 11.5 billion by 2024, at a CAGR of 10.5% between 2019 and 2024.
The market is growing due to its increasing demand from aerospace & defense, automotive, and wind energy industries.View Detailed PDF Brochure Here: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25864916(♦) Premium Insights - 4.1 Attractive Opportunities in Carbon Fiber Prepreg Market 4.2 Carbon Fiber Prepreg By Market, By Manufacturing Process 4.3 Carbon Fiber Prepreg By Market, By Resin Type 4.4 Carbon Fiber Prepreg By Market Size, By End-Use Industry 4.5 Carbon Fiber Prepreg By Market, By End-Use Industry and Country 4.6 Carbon Fiber Prepreg By Market, By CountryEurope is expected to lead the carbon fiber prepreg market during the forecast period.Europe is a key carbon fiber prepreg market films market.
The market is growing due to the high demand for materials with excellent strength, lightweight, and chemical and corrosion resistance properties.
The market in the region is driven by the presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations in the region.
In 2015, BMW started using carbon fiber implants in its 7-series sedan.
There are a large number of offshore wind energy installations, especially in the UK and Germany.