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Prepreg Industry Survey, Trends, Overview and 2024 Forecast

The rapidly growing demand for high-performance materials in the automotive, aerospace, and sporting goods sectors is expected to drive the market demand over the next eight years. The Global Prepreg Market is expected to reach USD 12.48 billion by 2024, according to a new report by Grand View Research, Inc.


Presence of stringent regulations laid by agencies such as the U.S. EPA and EU for the promotion of sustainable energy sources as opposed to conventional sources, particularly in North America and Europe, has led to a rising number of wind mill installations in these regions. This is also expected to have significant impacts on the product demand over the forecast period.

Enhanced mechanical properties including short curing time, longer life span, high strength and superior machinability are expected to have a positive impact on product demand in the automotive as well as the aerospace industries.

To Know More About Prepreg Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/prepreg-market

Properties such as low void content, ease of use, high strength, and specific modulus, enhanced corrosion as well as environmental resistance and low thermal expansion coefficient offered by the material, has led to a high demand for the product in the manufacturing of aerospace components. The growth of the aerospace industry in the U.S. is expected to fuel product demand over the forecast period.

Top Players of Prepreg Market:

The key players in the industry include Park Electrochemical Corp., Axiom Materials, Inc., Mitsubishi Rayon Co., LTD, Royal Ten Cate NV, Teijin Limited, Hexcel Corporation, Gurit Holding, SGL Group, Toray Industries, and Cytec Industries.

Market Segmentation of Prepreg Market:

The Global Prepreg Market segmented on the basis of Fiber Type, Resin Type, Manufacturing Process and Application.

By Fiber Type:

    Carbon
    Glass
    Aramid

By Resin Type:

    Thermoset
    Thermoplastic

By Process:

    Hot-melt
    Solvent dip

By Application:

    Aerospace & defense
    Wind energy
    Sporting goods
    Automotive

Inquire about Prepreg Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1494 
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