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Outlook for prepregs
Monday, 01 June 2015

The growth of carbon and glass prepregs over the next five years is summarised in two separate reports which have recently been published by analyst Micromarket Monitor. 

The global carbon fibre prepreg market was valued at $2,633 million in 2014 and is estimated to reach $4,640.2 million by 2019, at a CAGR of 11.9%. 

North America holds the largest share of the global market and the growing aerospace industry and the user-friendly and environment-friendly characteristics of these composites are the main factors driving growth. 

 

The aerospace and defence sector – as the largest for carbon prepreg – accounted for $1,844 million in 2014 and is estimated to reach a vaule $3,237.7 million 2019. In terms of volume, this segment is estimated to grow at a CAGR of 11.5%, while by comparison, the sporting goods market will grow by 9.1% from 2014 to 2019.

The major participants in the global carbon fibre prepreg market are identified as Hexcel, Cytec Industries, Gurit Holdings, SGL, Toray Industries, Axiom Materials, and Teijin. The recent acquisition of Umeco by Cytec Industries has helped it to strengthen its position as a leading manufacturer of composite materials, while offering significant opportunities for growth and value creation, particularly in industrial composites and process materials.

The high cost of cost of carbon prepregs, in addition to th edifficulty of damage identification, are key barriers to even faster growth, it is suggested.

The global glass fibre prepreg market is valued at $1,014 million in 2014 and expected to reach $1,453.7 million by 2019, representing CAGR of 7.5%.

Growth is being largely driven by the aerospace and automotive sectors.

Glass fibre in fabric form offers an excellent combination of properties, from high strength to fire resistance. Extensive weave patterns and yarn sizes provide a wide range of design potential, allowing the end-user to choose the best combination for material performance, economy, and product flexibility. Glass fibre is often the best all-purpose choice among reinforcements for creating composite parts with excellent strength, low weight, and dimensional stability.