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The objective of the High-Temperature Prepreg Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the High-Temperature Prepreg Market.
Market Insights – The High-Temperature Prepreg Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the High-Temperature Prepreg Market are-
Solvay S.A.
Toray Industries, Inc.
Hexcel Corporation
Gurit Holding AG
Park Electrochemical Corporation
Teijin Limited.
Growth drivers and Market Value:
This report, from Stratview Research, studies the High-Temperature Prepreg Market value and growth drivers over the trend period of 2022-27. According to the report -
In terms of value, high-temperature prepreg currently accounts for over 5% of the total prepreg market, valued at US$ 0.2 Billion in 2021. Nevertheless, the long-term scenario still seems optimistic with both the aerospace & defense and transportation industries healing gradually, rejuvenating the high-temperature prepreg demand. The market is expected to expand at a healthy CAGR of 4.4% during 2021-2026, reaching a value of US$ 0.3 Billion by 2026.
Segment Analysis:
Based on Resin Type:
Based on the resin type, we have segmented the market as BMI prepreg, cyanate ester prepreg, polyimide prepreg, thermoplastic prepregs, and other prepregs. BMI prepreg and polyimide prepreg are likely to capture a ginormous share of the market through 2026. They are also likely to act as the growth engines of the market in the foreseen future. BMI resins are extensively used in tooling prepreg applications. Furthermore, they are also gaining traction in military aircraft and commercial aircraft applications, such as engine, airframe, nacelle, thrust reverser, and duct applications. Composite parts fabricated using polyimide prepreg exhibit extremely high dimensional stability at elevated temperatures and can withstand continuous use up to 315°C (600°F) and intermittent use up to 480°C (900°F).
Based on Region:
All regions are likely to endure massive downturns in 2021 due to the pandemic with Asia-Pacific expecting bouncing back with the fastest pace. Despite the excellent growth of Asia-Pacific, North America is projected to remain the largest market during the forecast period, driven by the presence of leading aircraft OEMs, aeroengine manufacturers, tier players, prepreg manufacturers, and raw material suppliers. The USA is the growth engine of the region’s market. Lockheed Martin has opened a new manufacturing facility to produce its high-temperature composite rich F-35 aircraft in Pinellas Park, Florida, the USA, to satisfy customer demands. There is a total un-filled order of more than 2,691 F-35 aircraft from 12 countries out of which the USA’s inventory objective is 2,456 F-35 aircraft.
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Critical Questions Answered in the Report
l What are the key trends in the global High-Temperature Prepreg Market?
l How the High-Temperature Prepreg Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the High-Temperature Prepreg Market?
l What are the key strategies adopted by the major vendors to lead in the High-Temperature Prepreg Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the High-Temperature Prepreg Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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