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The objective of the BMI 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 BMI Prepreg Market.
Market Insights – The BMI 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 BMI Prepreg Market are-
GMS Composites
Hexcel Corporation
Mitsubishi Chemical Carbon Fiber and Composites (MCCFC)
Teijin Limited
Solvay S.A.
Toray Industries, Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the BMI Prepreg Market value and growth drivers over the trend period of 2022-27. According to the report -
The BMI prepreg market is likely to endure the consequences of the suffering aerospace industry, marking a huge decline from 2019 to 2020 to reach a value of US$ 81.6 Million. The defense industry’s dominance in the market is expected to provide some solace to the market stakeholders sooner rather than later. As a result, the market is expected to register an overall rebounding CAGR of 5.3% during the forecast period.
Segment Analysis:
Based on Application Type:
Based on the application type, we have segmented the market as airframe, tooling, nacelle, and others. Tooling is likely to maintain its vanguard in the market during the forecast period. For this application, BMI prepreg serves high Tg (glass transition), which can be used across the major structural parts in the aerospace & defense industry. It offers good mechanical performance, toughness, robust tooling, and durability with an excellent surface finish.
Based on Region:
All regions are anticipated to experience enormous downturns in 2021 with Europe facing the gravest repercussions. North America is projected to capture the lion’s share during the forecast period, driven by the presence of the world’s leading aircraft OEMs, aeroengine manufacturers, tier players, prepreg manufacturers, and raw material suppliers. The USA’s unsurpassed defense spending is likely to give a thrust to the region’s market. Furthermore, Lockheed Martin has opened a new manufacturing facility to produce F-35 aircraft in Pinellas Park, Florida, the USA, which will generate greater demand for BMI prepreg in this region in the long run.
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Critical Questions Answered in the Report
l What are the key trends in the global BMI Prepreg Market?
l How the BMI 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 BMI Prepreg Market?
l What are the key strategies adopted by the major vendors to lead in the BMI Prepreg Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the BMI Prepreg Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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