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The objective of the Prepreg Laminates 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 Prepreg Laminates Market.
Market Insights – The Prepreg Laminates 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 Prepreg Laminates Market are-
Bond-Laminates GmbH
ISOVOLTA AG
Norplex Micarta
PolyOne Corporation
Solvay S.A.
Toray Advanced Composites.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Prepreg Laminates Market value and growth drivers over the trend period of 2022-27. According to the report -
Prepreg laminate is a niche market and is registering an increased usage in high-performance applications. The prepreg laminates market holds a minuscule share of the entire composite panels & sheets market but could not escape themselves from the pandemic. The pandemic impeded the growth trajectory of both thermosets as well as thermoplastic prepreg laminates in all the major end-use industries.
The short-term scenario seems challenging for the market participants due to fading demand and production halts. Stratview Research’s forecast model, based on the past industry trends (the Great Recession, SARS, Industrial Recession, etc.) and primary interview results with the major market participants and industry experts, indicates that the demand for prepreg laminates is likely to be plateaued in 2021 and then register sequential growth till 2027, ultimately driving the market to reach US$ 130-million mark in 2027.
Segment Analysis:
Based on Resin Type:
Based on the resin type, the prepreg laminates market is segmented into thermoplastic prepreg laminates and thermoset prepreg laminates. Thermoplastic prepreg laminate is expected to maintain its lead in the market in years to come. Compared with thermoset prepreg composites, thermoplastics are less brittle and have a higher resistance to impact loading. Thermoplastic prepreg laminates are gaining market traction in c-class components, especially in assembly ones, in the latest aircraft programs including B787 and A350XWB. Despite witnessing a hefty decline in 2021 due to the COVID-19 pandemic, the thermoplastic prepreg laminates market is expected to mark a healthy recovery from 2022 onwards.
Based on Region:
Despite being the worst-hit region by the COVID-19 pandemic, Europe is expected to maintain its dominant position in the market in the coming five years as well. The region’s market is estimated to heal up gradually with Airbus being the largest customer of prepreg laminates in the region. Germany, France, and the UK are the major markets in the region. The supply chain of the region’s market is extremely persuasive with the presence of several industry stakeholders in the region.
Asia-Pacific, a relatively small market, is likely to heal up with the fastest pace in the post-pandemic market scenario. The region's demand will be driven by a host of factors including an expected increase in the demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China; upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi SpaceJet); and increasing penetration of composites in the building & construction industry. China, Japan, and Australia are projected to be the growth engines of the region’s market.
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Critical Questions Answered in the Report
l What are the key trends in the global Prepreg Laminates Market?
l How the Prepreg Laminates 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 Prepreg Laminates Market?
l What are the key strategies adopted by the major vendors to lead in the Prepreg Laminates Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Prepreg Laminates Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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