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NEW YORK , Sept. 2, 2022 /PRNewswire/ -- The Carbon Fiber Prepreg Market size is expected to grow by USD 933.19 million , at a CAGR of 6.67% during the forecast period. The growth of wind power capacities, increasing use of carbon composites in commercial aircraft, and emerging demand from developing economies is one of the major factors propelling the market growth. However, factors such as high costs related to carbon composites will hamper the market growth.
Carbon Fiber Prepreg Market Segmentation North America will account for 54% of market growth. The United States is the most important market in North America for carbon fiber prepreg. The market in this region will expand quicker than the market in other regions. The increased use of carbon composites in commercial aircraft will aid the expansion of the carbon fiber prepreg market in North America during the projected period. Request Free Sample Report.
Carbon Fiber Prepreg Market Segmentation
The thermoset segment has significantly increased its share of the carbon fiber prepreg market. Due to beneficial qualities such as low processing viscosities for infusion, improved thermal resistance, and good adhesion to carbon fibers, the global thermoset-based carbon fiber prepreg market is estimated to account for the majority of the market over the forecast period.
The curing time for thermoset-based goods has been reduced due to technological advancements. Such characteristics have aided the widespread use of thermoset-based carbon fiber prepreg in applications such as jet engines (polyimide thermoset resin-based goods), automotive brakes (phenol thermoset resin-based products), and wind turbine blades. Buy Sample Report.
Carbon Fiber Prepreg Market Vendors
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.
To know more about the market's vendor landscape highlights a comprehensive list of vendors and their offerings, and Download Free Sample Report.
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Carbon Fiber Prepreg Market Scope
Accelerate at a CAGR of 6.67%
North America, Europe, APAC, South America, and MEA
US, China, Germany, and Spain
Leading companies, Competitive Strategies, Consumer engagement scope
Celanese Corp., Gurit Holding AG, Hexcel Corp., Kordsa Teknik Tekstil AS, Mitsubishi Chemical Holdings Corp., Nippon Graphite Fiber Corp., SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
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