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.
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Aerospace & defense end-use industry is expected to be the largest consumer of carbon fiber prepreg globally
The major end-user industries in the carbon fiber prepreg market include aerospace & defense, automotive, sports & recreation, and wind energy. The aerospace & defense industry accounted for a major share of the market, in terms of value and volume. This is due to the increased production of aircraft by Boeing and Airbus.
Europe 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. According to the Global Wind Energy Council (GWEC), the UK added 1,680 MW of offshore wind power capacity in 2017, which is almost 39% of capacity addition in the global offshore wind capacity in 2017.
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On the basis of End-use Industry, the carbon fiber prepreg market has been segmented as follows:
- Aerospace & Defense
- Wind Energy
- Sports & Recreation
- Automotive
- Others (marine, medical, electrical & electronics, construction & infrastructure, and industrial)
On the basis of Region, the carbon fiber prepreg market has been segmented as follows:
- Europe
- North America
- APAC
- Middle East & Africa (MEA)
- Latin America
Key Questions addressed by the report
- Which are the major end-use industries of carbon fiber prepreg?
- Which industry is the major consumer of dry carbon fiber market?
- Which region is the largest and fastest-growing market for carbon fiber prepreg?
- What are the major resins used in manufacturing dry carbon fiber market?
- What are the major strategies adopted by leading market players?
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.
