The carbon fiber prepregs market share combine carbon fibers with thermoset resins such as epoxy, phenols and thermoplastic resins such as PEEK. Prepreg has a high strength-to-weight ratio, is resistant to corrosion and weakening, and is fire resistant, making it suitable for commercial and industrial applications.
Carbon fiber prepreg is created by pre-impregnating fibers, namely those made of glass, carbon, and aramid, onto a matrix material. Carbon fiber prepreg is a lightweight material resistant to moisture, solvents, and corrosion.
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Impacting Factors:
The increased demand for carbon fiber prepreg in end-user industries would be the primary driver of market expansion during the forecast period. Furthermore, rising demand for fuel-efficient vehicles and brisk investment in the renewable energy industry are driving the growth of the carbon fiber prepreg market.
The epoxy resin segment leads the different resin segments in the carbon fiber prepreg market and is expected to dominate over the projected period. Epoxy resins’ properties, such as high strength-to-weight ratio and better heat corrosion and moisture resistance, make them suitable for use in sectors such as aerospace, defense, sports and leisure, and wind, among others.
Market Trends:
Increasing Aerospace and Defence Industry Demand
Aircraft producers have traditionally used carbon composites due to their tremendous weight reductions and cost advantages over traditional aerospace materials such as aluminum. Most aircraft composites are made from carbon prepregs, with autoclave molding being a typical production method. Carbon prepregs are often used in the aerospace sector for civil aircraft, military jets, helicopters, aero engines, space satellites, and launchers.
Carbon fiber composites are utilized in aerospace and defense applications due to their high strength, stiffness, heat, chemical resistance, and other thermal and chemical properties.
Restraints:
The fundamental problems confronting the worldwide market for carbon fiber prepreg include high processing and production costs and recyclability issues.
Regional Analysis:
North America will likely account for most of the global carbon fiber prepreg market and develop rapidly during the forecast period. The increasing usage of carbon fiber prepreg in manufacturing military, commercial, and transport aircraft is fueling regional market expansion. The growing demand for lightweight items from the established aerospace and defense industries would immediately aid in improving the performance of diverse products.
Competitive Landscape:
The major companies in the global Carbon Fiber Prepreg Market are Hexcel Corporation, Toray Industries, Inc., Teijin Carbon Europe GmbH, and Mitsubishi Chemical Carbon Fiber and Composites, Inc.
Recent Developments:
- Sikorsky, a Lockheed Martin Company, granted Hexcel Corporation a long-term contract in June 2022 to supply innovative composite structures for the CH-53K King Stallion heavy lift helicopter program. The deal dramatically increases the use of Hexcel composites in airplanes.
- Toray Composite Materials America, Inc., a Toray Industries, Inc. subsidiary, announced in May 2022 that it had collaborated with Bell Textron Inc. to support a new NCAMP design allowable dataset for Toray’s 3960 prepreg material system. Toray’s T1100 intermediate modulus plus (IM+) fibers are used in this prepreg system, delivering high toughness and superior tensile performance appropriate for aerospace applications.
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