Base Year
Historical Year
Forecast Year
The global carbon prepreg market stood at a value of above USD 9.32 billion in 2023. The market is further expected to grow at a CAGR of 9.3% in the forecast period of 2024-2032 to attain a value of more than USD 20.75 billion by 2032.
| Global Carbon Prepreg Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 9.32 |
| Market Size 2032 | USD Billion | 20.75 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 9.3% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 10.4% |
| CAGR 2024-2032 - Market by Country | Saudi Arabia | 10.3% |
| CAGR 2024-2032 - Market by Country | USA | 8.9% |
| CAGR 2024-2032 - Market by Resin Type | Thermoplastic | 9.8% |
| CAGR 2024-2032 - Market by End User Industry | Aerospace and Defence | 10.1% |
| Market Share by Country 2023 | India | 5.2% |
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Based on resin type, the thermoset segment is expected to account for a significant share of the market in the forecast period. This can be attributed to the beneficial attributes of thermoset resins, including their processibility at room temperature. In addition, thermoset resins are ideal for the manufacturing of adhesives, coatings, and fibre re-enforced plastics. Moreover, thermoset resins are strong, durable, and thermally resistant after curing, which make them suitable for the application in demanding and heavy operations.
The carbon prepreg industry in Europe is driven by the high demand for energy in countries like Ireland, France, and Germany, among others, in order to sustain heavy operations in various industries including food processing, aerospace and defence, automotive, and electrical and electronics , among others. Additionally, the development of engine production plants in Germany is likely to augment the market growth in the region. Furthermore, the presence of system integrators and defence equipment manufacturers in the region are estimated to further support the market growth.
Carbon prepreg is defined as a material which is obtained by pre-impregnating carbon with resins and then curing it. In addition, carbon prepreg offers a high strength-to-weight ratio and is resilient to corrosion and fire.
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Based on resin type, the market is segmented into:
The major end user industries of carbon prepreg include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Country |
| Saudi Arabia | 10.3% |
| USA | 8.9% |
| Germany | 8.5% |
| France | 8.1% |
| Australia | 7.4% |
| Canada | XX% |
| UK | XX% |
| Italy | 7.2% |
| China | XX% |
| Japan | XX% |
| India | XX% |
| Brazil | XX% |
| Mexico | XX% |
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The global carbon prepreg industry is driven by the rising application of carbon prepreg in aerospace and defence, automotive, energy, sports, and electronics industry, among others. Carbon prepreg is a crucial component in the manufacturing of aerospace and defence equipment due to the strength, structural performance, and durability offered by the product. In addition to this, the growing demand for various sporting equipment such as fishing rod, badminton rackets, bicycles, roller-skates, pull-up rods, and dumbbells, among others is likely to provide impetus to the market growth. Furthermore, the rapid development of industrial plants is likely to generate a considerable demand for the product in the forecast period.
The report gives a detailed analysis of the following key players in the global carbon prepreg market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Resin Type |
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| Breakup by End User Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global carbon prepreg market attained a value of above USD 9.32 billion.
The market is estimated to grow at a CAGR of 9.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of more than USD 20.75 billion by 2032.
The major drivers of the market include the rising application of carbon prepreg across industry verticals like aerospace and defence, electrical, and automotive, increased demand for thermoset resins, multifaceted application of the product, and rising demand for the product in heavy industrial operations.
The growing product utilisation in heavy industrial operations is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Thermoset and thermoplastic are the major types of resins included in the market.
Aerospace and defence, energy, automotive, leisure, and electronics, among others are the significant end users of the product.
The major players in the industry are ACP Composites, Inc, Hexcel Corporation, Lingol Corporation, SGL Carbon SE, and Solvay S.A., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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