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Carbon Prepreg Market Size (2024 - 2029)

The carbon prepreg market is projected to experience significant growth over the forecast period, driven by increasing demand from the aerospace, defense, and electronics industries. The market's expansion is supported by a resurgence in travel and tourism post-pandemic, which has revitalized the aerospace sector. Despite potential challenges posed by the availability of eco-friendly alternatives, the market is expected to benefit from the rising emphasis on green energy and the growing use of carbon fiber reinforced polymer components. Europe leads the market due to heightened demand from the defense sector.

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Market Size of Carbon Prepreg Industry

Carbon Prepreg Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 7.73 Billion
Market Size (2029) USD 12.01 Billion
CAGR (2024 - 2029) 9.21 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration High

Major Players

Carbon Prepreg Market Major Players

*Disclaimer: Major Players sorted in no particular order

Carbon Prepreg Market Analysis

The Carbon Prepreg Market size is estimated at USD 7.73 billion in 2024, and is expected to reach USD 12.01 billion by 2029, growing at a CAGR of 9.21% during the forecast period (2024-2029).

Due to the COVID-19 outbreak tourism sector was affected negatively which affected the aerospace industry. However, the easing of lockdowns and countries lifting travel restrictions led to increased traveling in the years 2021 and 2022 which helped the carbon prepreg market reach pre-pandemic levels.

  • Emphasis on green energy sources, growing demand from CFRP components, and the growing demand from the aerospace and defense industry are likely to act as drivers for the market over the forecast period.
  • However, the availability of eco-friendly alternatives is likely to hinder the market growth during the forecast period.
  • Increasing application in the electronics industry is likely to act as an opportunity in the future.
  • Europe dominated the market across the world due increased demand from the defense sector.

Carbon Prepreg Industry Segmentation

Carbon fiber impregnated with thermoset or thermoplastic resins is called carbon prepreg. The market is segmented by resin type, end-user industry, and geography. Resin types segment the market into thermoset resins and thermoplastic resins. By end-user industry, the market is segmented into aerospace & defense, energy, automotive, leisure, electronics, and other end-user industries. The report also covers the market size and forecasts for the floor coatings market in 15 countries across major regions. Each segment's market sizing and forecasts are based on revenue (USD).

Resin Type
Thermoset
Thermoplastic
End-user Industry
Aerospace and Defense
Energy
Automotive
Leisure
Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Carbon Prepreg Market Size Summary

The carbon prepreg market is poised for significant growth, driven by increasing demand from the aerospace and defense sectors, as well as a heightened emphasis on green energy sources. The market is recovering from the impacts of the COVID-19 pandemic, with the easing of travel restrictions contributing to a resurgence in demand. Carbon prepregs, known for their lightweight and cost-effective properties, are extensively used in aerospace applications, including civil aircraft, military jets, and space satellites. The aerospace industry remains the largest consumer of these materials, with ongoing efforts to accelerate production to meet order backlogs further fueling market expansion. However, the availability of eco-friendly alternatives presents a challenge to market growth, while the expanding application of carbon prepregs in the electronics industry offers new opportunities.

Europe leads the global carbon prepreg market, driven by robust demand from the defense sector and a strong aerospace industry presence. The region's economic powerhouse, Germany, hosts numerous production facilities for aircraft components and lightweight materials, supporting the market's growth. The anticipated increase in aircraft production and the expansion of the airline fleet in Europe are expected to bolster demand for carbon prepregs. Additionally, recent projects in the European defense sector highlight the region's commitment to advancing technology, further supporting market expansion. The market is characterized by consolidation, with major players like TEIJIN LIMITED, Hexcel Corporation, and TORAY INDUSTRIES, INC. holding significant market shares. Innovations, such as Solvay's launch of a low-temperature curing carbon fiber epoxy prepreg, underscore the industry's focus on efficiency and cost-effectiveness.

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Carbon Prepreg Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Emphasis on Green Energy Sources

      2. 1.1.2 Growing Demand for CFRP Components

      3. 1.1.3 Growing Demand from the Aerospace and Defense Sector

    2. 1.2 Restraints

      1. 1.2.1 Availability of Eco-Friendly Alternatives

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin Type

      1. 2.1.1 Thermoset

      2. 2.1.2 Thermoplastic

    2. 2.2 End-user Industry

      1. 2.2.1 Aerospace and Defense

      2. 2.2.2 Energy

      3. 2.2.3 Automotive

      4. 2.2.4 Leisure

      5. 2.2.5 Electronics

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Carbon Prepreg Market Size FAQs

The Carbon Prepreg Market size is expected to reach USD 7.73 billion in 2024 and grow at a CAGR of 9.21% to reach USD 12.01 billion by 2029.

In 2024, the Carbon Prepreg Market size is expected to reach USD 7.73 billion.

Carbon Prepreg Market Report Snapshots

Carbon Prepreg Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)