Inkwood
Research anticipates that the Global Prepreg Market is evaluated to project a
CAGR of 10.41% in terms of revenue during the forecasting years of 2021-2028.
“Browse 69 Market Data Tables and 47 Figures
spread over 248 Pages, along with an in-depth TOC on the Global Prepreg Market Forecast
2021-2028.”
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The term ‘prepreg’ is an abbreviation for
‘pre-impregnated,’ indicating that the material is pre-reinforced. Prepregs are
composite materials like glass fibers, graphite, and carbon impregnated with
resins before curing. The advantages include corrosion resistance, swift
manufacturing, specific strength, and specific stiffness.
Ease of Use
drives Market Growth
The most significant advantage of prepregs
is their ease of use. This is in terms of the use of manufacturing a flat panel
out of carbon fiber and epoxy resin. The use of liquid resin in a closed
molding or open molding process requires obtaining a fabric, the epoxy resin,
and the hardener for it. However, most epoxy hardeners are hazardous. Whereas
epoxy prepreg comes on a roll with a sufficient amount of both resin and
hardener impregnated in the fabric. As a result, prepregs are preferred for the
manufacture of fiber and epoxy resins.
Also, prepregs offer the advantage of easy
handling at room temperatures, given their highly viscous nature. In addition,
prepregs are cut to the desired shape for any applications, with backings
peeled off to load into mold or tool before subjecting to curing. Therefore,
compared to the conventional resin-fiber system, prepregs are more convenient
to cut and cure.
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Fastest Revenue-Generating
Manufacturing Process: Hot Melt
Hot melt is the most conventional method of
prepreg manufacturing. The process includes using heat and pressure to
reinforce fibers with resin for prepreg production. Fiber impregnation and the
pre-lamination of a substrate paper are the two steps in the hot melt
manufacturing process.
Moreover, the substrate paper is pre-coated
with a filmer. Hot melt resins are applied to silicone-coated release paper.
Thereafter, the coated paper is applied to the fiber for resin impregnation.
This process is used for producing high-quality prepreg with an enhanced
surface finish.
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Dominating
Region in terms of Revenue and Volume: North America
Automobile manufacturers are prioritizing
weight reduction in vehicles to improve fuel efficiency and fulfill the carbon
emission standards. At the same time, carbon fiber manufacturing companies are
raising their investments in R&D to develop composite materials for diverse
applications in the automotive industry.
The other growth drivers include the rising
demand for composites and the growing use of carbon fiber prepregs in several
automotive applications like the interior, exterior, chassis, and powertrain.
Moreover, favorable trade and manufacturing policies offer growth
opportunities.
The market has high exit barriers and fixed
costs. Also, the leading companies are aiming to maintain their competitive
advantage through heavy R&D investments and product innovations. Hexcel
Corporation, Royal Ten Cate NV, SGL Carbon SE, Toray Industries Inc, Gurit
Holding AG, etc., are among the leading market players.
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About Inkwood Research
Inkwood Research specializes in syndicated
& customized research reports and consulting services. Market intelligence
studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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