(EMAILWIRE.COM, March 30, 2023 ) As per Maximize Market research, the total global market for “Prepreg Market” was USD 11.25 Bn in 2021 and is expected to grow at a CAGR of 10.3 percent over the forecast period to reach USD 24.65 Bn by 2029.

Prepreg Market Report Scope and Research Methodology

The market research was conducted by dividing the prepreg market into four main segments which were further divided into various sub-segments. The primary and secondary data collected through exhaustive research for the report were combined to make the report authentic. The bottom-up approach was used to estimate the regional and global prepreg market size.

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Prepreg Market Dynamics

The increasing demand for prepreg materials due to their properties like strength, lightness and ability to be molded into complicated forms in the automotive industry is driving the prepreg market growth. The factor that is hampering the market growth is the high processing and manufacturing cost.

Prepreg Market Regional Insights

The North America region held the largest prepreg market share of 35 percent in 2021 and is expected to grow at a CAGR of 6.8 percent during the forecast period.

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Prepreg Market Segmentation

By Fiber
Carbon
Glass
Aramid

By Resin
Thermoset
Thermoplastic

By Manufacturing Process
Hot-melt
Solvent dip

By Application
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Others

Prepreg Market Key Competitors include:

Mitsubishi Rayon Co. Ltd.
PRF Composite Materials
Barrday Corporation
GMS Composites
Hankuk Carbon
ABC Composites
Solvay
Teijin Limited
Park Electrochemical Corporation
Axiom Materials
Hc Composite
Kineco
Taiwan First Li-Bond Co., Ltd.
North Thin Ply Technology
TCR Composites
Toray Industries Inc.
Hexcel Corporation
Gurit Holding Ag
Royal Tencate N.V.

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Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:

Glass Fiber Prepreg Market- The market size is expected to reach USD 2.96 billion by 2029 at a CAGR of 3.8 percent during the forecast period.

Carbon Fiber Prepreg Market- The market size is expected to reach USD 18.32 billion by 2029 at a CAGR of 10.42 percent during the forecast period.

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