The global carbon prepreg market size is projected to expand at a notable pace owing to the unparalleled benefits of pre-impregnated carbon fibers, shares Fortune Business Insights™Prepreg is term that refers to reinforcing fabrics that are pre-infused with a resin, usually epoxy. As a result, during the molding process, additional resins are not required and the lamination can occur using a combination of heat and pressure.
The pre-impregnation also bestows carbon prepregs and other such composite materials with numerous advantages. For example, most prepregs contain 35% resin, which is ideal for maximum cured properties. In comparison, hand-molded laminates end up with excess amounts of resin that increases the brittleness of the fabric and dilutes its overall properties. Further, prepregs ensure uniformity by spreading evenly across the material, preventing the creation of resin-rich or overly dry areas. Some companies have also developed resins that are not bound by temperature conditions. For instance, US-based Fiber Glast has formulated prepregs that can be handled at room temperature, thus eliminating the need to rush the work before the epoxy hardens its shape. Thus, several structural, mechanical, and design benefits of pre-impregnated fibers is boosting their adoption in the chemicals and materials manufacturing domain.
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Salient Features of the Report:
- Tangible analysis of the market drivers, trends, and constraints;
- Exhaustive assessment of the regional opportunities and investment pockets for the market;
- Careful profiling and study of key market players and their strategies; and
- Granular evaluation of all possible market segments.
Driving Factor
Introduction of Novel Solutions for the Auto & Aerospace Industries to Stoke Growth
With the demand for innovative, lightweight materials growing in the automotive and aerospace industries, companies in this space are actively developing and introducing game-changing products. For example, in February 2019, Hexcel announced that its carbon prepreg patch technology was one of the finalists at the JEC Innovation Awards 2019 in the automotive category. Called HexPly, the composite product comprises unidirectional carbon fiber and an epoxy matrix that improves the performance of aluminum sub-frames in vehicles, reducing noise, vibration, and harshness. Moreover, Hexcel’s advanced prepreg solution was also adopted by the German ultralight aircraft manufacturer, Flight Design, in April 2020. The company selected HexPly M79 low-temperature curing prepreg for aircraft production, overhauling its manufacturing process. The slew of advantages offered by carbon prepregs is the main reason for their employment in heavy manufacturing industries. In particular, their ability to lower the weight of vehicles, thereby boosting fuel and energy efficiency, is the marquee feature that is heightening their popularity in various industries.
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Regional Insights
Advancements in Lightweight Auto Materials to Support Market Growth in Europe
Europe is home to some of the largest vehicle manufacturers in the world, such as Volkswagen and Fiat Chrysler. These auto giants have been investing in the development of advanced, lightweight materials to make their vehicles more energy- and fuel-efficient. Carbon prepregs have emerged as one of the top solutions to address these requirements and several automakers are actively adopting this material to enhance their offerings. Furthermore, pre-impregnated carbon fibers are also high in demand in the wind energy industry, where these materials are being increasingly deployed to build wind farms, especially in Germany. As a result, Europe is expected to dominate the carbon prepreg market share in the forthcoming years. Meanwhile, the market in North America is anticipated to progress on the back of the increasing investments in novel materials by the region’s aerospace & defense industry.
Competitive Landscape
Key Players to Maximize Profitability through Path-breaking Innovations
Leading entities in this market are concentrating on creating inventive solutions with multi-industry applicability to widen their business horizons and maximize profitability. Their inventiveness is also directed towards critical industries that are determinedly transitioning towards clean energy sources and building sustainable products, thus aiding carbon prepreg market growth.
Industry Development:
- February 2020: Solvay Composite Materials announced the launch of CYCOM EP2750, its new epoxy prepreg specifically formulated for the compression molding of high-quality, high-rate, cost-effective aero-structures. The idea behind this material is to facilitate the manufacturing of composite aero parts that can compete with machined aluminum.
List of Key Players Profiled in the Carbon Prepreg Market Report:
- Axiom Materials
- Royal TenCate N.V.
- Mitsubishi Rayon Co. Ltd
- SGL Group
- Solvay
- Toray Industries
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