The report "Non-Woven Glass Fiber Prepreg Market by Application (Wind Energy, Electronics, Automotive, Aerospace & Defense, and Others), and by Region (Asia-Pacific, Europe, North America, and Rest of the World) - Global Forecast to 2021", The global non-woven glass fiber prepreg market is projected to reach USD 834.5 Million by 2021, at a CAGR of 8.8% from 2016 to 2021. Leading players are focused on entering new markets by launching technologically advanced and innovative products for wind energy, automotive, and aerospace & defense applications which is expected to drive the growth of the market in near future.
Asia-Pacific was the largest market for non-woven glass fiber prepregs in 2015, owing to the increasing demand of non-woven glass fiber prepregs in developing economies such as India and China. China is the leading consumer of prepregs in the Asia-Pacific region. Companies in this region are investing to develop the cost-competitive non-woven glass fiber prepregs. The extensive growth and innovation, along with the industry consolidations, is expected to drive the growth of Asia-Pacific non-woven glass fiber prepreg market.
Key players operational in the non-woven glass fiber prepreg market include Owens Corning (U.S.), Saint-Gobain Adfors (France), Jushi Group Co., Ltd (China), and others.
