Non-Woven Glass Fiber Prepreg Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Non-Woven Glass Fiber Prepreg Market Analysis
The market for the non-woven glass fiber prepreg is expected to grow at a CAGR of approximately 7% globally during the forecast period.
Increasing demand from the automobile sector and growing demand for lightweight and fire-resistant composites are driving the market growth.
High cost of production and the outbreak of COVID-19 are the reasons expected to hinder the market growth.
Non-Woven Glass Fiber Prepreg Market Trends
This section covers the major market trends shaping the Non-Woven Glass Fiber Prepreg Market according to our research experts:
Growing Demand from Automobile Sector
- Non-woven glass fiber prepreg is a strong composite material with excellent mechanical properties. The growing demand for light-weight automobiles has increased the usage of non-woven glass fiber prepreg in recent times.
- The properties of non-woven glass fiber prepreg include stiffness and strength, good thermal and corrosion resistance, electrical and chemical properties, and significant weight savings over metals.
- The demand for non-woven glass fiber prepreg has been increasing from sports goods, aircraft primary structures, load-carrying structures, and automobiles.
- Recently, most of the automobile manufacturers are shifting towards high-performance composites because of its advantages. Non-woven glass fiber prepregs can improve energy efficiency, reduce vehicle emissions, and increase safety at reduced program costs.
- The impact of the COVID-19 on all regions is expected to decrease the demand for non-woven glass fiber prepreg due to the lockdown of manufacturing industries.
- Increasing applications for high-performance composites, growing demand for lightweight vehicles, technological advancements in automobiles in developing regions are driving the demand for non-woven glass fiber prepreg through the years to come.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific is expected to dominate the global market owing to the highly developed automobile sector in China, Korea, and Japan, coupled with the continuous investments done in the region to advance the wind energy, aerospace, and defense sectors through the years.
- Due to government regulations, all the developing and developed countries are looking forward to sustainable energy. So, the demand for wind energy has been rising. Non-woven glass fiber prepreg is being majorly used in wind energy (turbine blades) applications.
- In Asia-Pacific, the aerospace and defense sectors have been growing significantly in recent years. Asia-Pacific is one of the largest producers of aerospace components and a leading exporter of aerospace components and materials to other countries.
- According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), Asia-Pacific leads global automobile production in recent years and it alone occupies a 30% share globally.
- Recently, non-woven glass fiber prepreg is being used in electronics in printed circuit boards as these composites are more environmentally friendly and thermally resistant in nature.
- Increasing demand for higher efficiencies in automobiles, increasing aerospace sector and wind energy technologies in developing countries are expected to drive the market for non-woven glass fiber prepreg through the years to come.
Non-Woven Glass Fiber Prepreg Industry Overview
The global non-woven glass fiber prepreg is partially consolidated in nature with a few major players occupying a significant portion of the market. Some of the major companies Hexcel Corporation, Owens Corning, Solvay S.A, Gurit Holdings AG, and Saint-Gobain Adfors, among others.
Non-Woven Glass Fiber Prepreg Market Leaders
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Hexcel Corporation
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Owens Corning
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Solvay S.A
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Gurit Holdings AG
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ADFORS
*Disclaimer: Major Players sorted in no particular order
Non-Woven Glass Fiber Prepreg Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand from Auotmobile Sector
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4.1.2 Growing Demand for Lightweight and Fire-Resistant Composites
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4.2 Restraints
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4.2.1 High Manufacturing Cost
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Glass Fiber Type
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5.1.1 C-Glass
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5.1.2 E-Glass
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5.1.3 A- Glass
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5.1.4 Other Types
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5.2 End-user Industry
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5.2.1 Automotive
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5.2.2 Aerospace and Defense
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5.2.3 Electrical and Electronics
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5.2.4 Wind Energy
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5.2.5 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Nordic Countries
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5.3.3.6 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 ADFORS
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6.4.2 C.A.Litzler Co., Inc
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6.4.3 Cannon Group
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6.4.4 Gurit Holdings AG
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6.4.5 Hexcel Corporation
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6.4.6 Johns Manville
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6.4.7 Jushi Group Co., Ltd
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6.4.8 Owens Corning
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6.4.9 PPG Industries Inc
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6.4.10 SAERTEX GmbH & Co. KG
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6.4.11 Solvay S.A
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6.4.12 Toray Industries
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Demand from Wind Energy Sector
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7.2 Other Opportunities
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Non-Woven Glass Fiber Prepreg Industry Segmentation
The Non-Woven Glass Fiber Prepreg Market report include:
| Glass Fiber Type | |
| C-Glass | |
| E-Glass | |
| A- Glass | |
| Other Types |
| End-user Industry | |
| Automotive | |
| Aerospace and Defense | |
| Electrical and Electronics | |
| Wind Energy | |
| Other End-user Industries |
| Geography | ||||||||
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Non-Woven Glass Fiber Prepreg Market Research FAQs
What is the current Non-Woven Glass Fiber Prepreg Market size?
The Non-Woven Glass Fiber Prepreg Market is projected to register a CAGR of less than 7% during the forecast period (2024-2029)
Who are the key players in Non-Woven Glass Fiber Prepreg Market?
Hexcel Corporation , Owens Corning , Solvay S.A , Gurit Holdings AG and ADFORS are the major companies operating in the Non-Woven Glass Fiber Prepreg Market.
Which is the fastest growing region in Non-Woven Glass Fiber Prepreg Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Non-Woven Glass Fiber Prepreg Market?
In 2024, the Asia Pacific accounts for the largest market share in Non-Woven Glass Fiber Prepreg Market.
What years does this Non-Woven Glass Fiber Prepreg Market cover?
The report covers the Non-Woven Glass Fiber Prepreg Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Non-Woven Glass Fiber Prepreg Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Non-Woven Glass Fiber Prepreg Industry Report
Statistics for the 2024 Non-Woven Glass Fiber Prepreg market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Non-Woven Glass Fiber Prepreg analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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