Carbon fiber prepreg is a conventional carbon fiber material that is specially pre-impregnated with catalyzed resins. The resin is mixed with its hardener in the prepreg form. The prepreg form allows carbon fibers to be impregnated on a flat workable surface. The carbon fiber prepreg is required to be stored at very low temperatures to prevent the resin from getting cured before the application. Carbon fiber prepregs should be kept at around –20?C, otherwise they may get cured even before application, and this creates problems especially during processes such as polymer injection molding and extrusion molding. The manufacturing of prepreg parts involves the application of pressure, resulting in excellent fiber consolidation, further enhancing the structural performance of the composite. Carbon fiber prepreg application requires a composite vacuum pump, vacuum bagging supplies, and high temperature tolerant molds and oven to cure the parts. Presently, carbon fiber prepregs are extensively used due to the rising demand from the aerospace, automobile, and wind turbine industries owing to the properties such as high strength, light weight, and chemical resistance. The commonly employed methods for the synthesis of carbon fiber prepregs are hot melt process and solvent dip process
The carbon fiber prepreg market is primarily driven by the increasing demand for fuel efficient vehicles. Furthermore, there is increasing demand for carbon fiber prepregs from various applications such as aerospace and defense. The light weight and excellent strength of carbon fiber prepregs attracts manufacturers, retailers, and consumers, and thereby have become key factors driving the expansion of this market. Moreover, increasing usage of carbon fiber prepregs for the manufacture of sports goods, such as tennis rackets, bicycles, fishing rods, and golf shafts is further propelling the expansion of the market. However, high processing and manufacturing costs of carbon fiber prepregs, along with issues related to their recyclability, are major factors that are expected to restrain the expansion of the carbon fiber prepreg market
Based on the resin type, the carbon fiber prepreg market can be classified as epoxy, cyanate ester, polyimide and phenolics. In terms of application, global carbon fiber prepreg market is classified into aerospace & defense, automotive, and wind applications. The carbon fiber prepreg market is classified on the basis of manufacturing process as hot melt and solvent dip methods
The global carbon fiber prepreg market has witnessed robust expansion in 2016, and the trend is estimated to continue during the forecast period. North America accounted for a significant share of the carbon fiber prepreg market due to availability of raw material processing and technological advancements in the region. The aerospace industry in North America is a key market and is anticipated to expand further due to fleet expansion activities. The demand for highly fuel efficient vehicles and strong protective coating is increasing in the region. Similarly, in Europe, the carbon fiber prepreg market is expanding. Germany and France are considered as the key countries in Europe. The demand from the aerospace and defense industry fuels the carbon fiber prepreg market in Europe. Asia Pacific, is also considered as a key country for the market of carbon fiber prepreg due to strong demand from China and India. The change in lifestyles, the nature of emerging economy and overseas studies are key factors that fuel the expansion of the market for carbon fiber prepreg in Asia Pacific. In Latin America, demand for carbon fiber prepreg is primarily from Brazil due to the recent progress made in the country. Middle East and Africa, since being considered as a global connectivity hub, is considered to be a market attractive region in the future.
Key players operating in the global carbon fiber prepreg market include Hexcel Corporation, Cytec Solvay Group, Royal Ten Cate N.V, Teijin Limited, and Mitsubishi Rayon Co., Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.