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North America Carbon Fiber Prepreg Market: By Resin Type, By Manufacturing Process, By End-Use Industry, and Geography
North America Carbon Fiber Prepreg Market: By Resin Type, By Manufacturing Process, By End-Use Industry, and Geography
North America Carbon Fiber Prepreg Market size was valued at US$ x billion in 2023 and is expected to reach US$ x billion by 2030, at a CAGR of x% 2024 to 2030. The market is growing due to its increasing demand from aerospace & defense, automotive, and wind energy industries. Growing demand for light and durable materials for the manufacture of aerospace components is expected to have a positive impact on the industry growth over the next eight years. The rapidly growing need for lightweight materials for the manufacture of sports equipment for improved performance is expected to be one of the major driving force for prepreg over the forecast period. Nonetheless, high cost associated with the product as compared to its alternatives such as aluminum is anticipated to hinder the product demand. This report studies North America market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
In addition, North America market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed North America carbon fiber prepreg market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Industry participants engage in strategic initiatives such as mergers & acquisitions, technological collaborations, and adoption of new and advanced technology in order to expand market share. Furthermore, facility expansion has been a primary focus point for several key players, in recent years. In November 2015, Mitsubishi Rayon Co., Ltd. announced its plan to establish a plant at Vilshofen, Germany, to produce SMC (Sheet Molding Compound) intermediate materials, which could help the company in developing a wider range of quick-cure prepregs.
Study Period
2024– 2030Base Year
2023CAGR
x%Largest Market
N/AFastest Growing Market
N/A
Aerospace and defense industry is expected to hold a significant share in the market in terms of revenue. Rising product use in the manufacturing of numerous aerospace parts including cargo and passenger floor panels, air ducts, ceiling panels, lavatories, overhead compartments, cabin linings, bars, seats, fins & winglets, and brackets on account of their lightweight nature is expected to fuel demand over the forecast period. The demand for carbon fiber prepreg in wind energy is expected to be the the second-leading application segment with an overall share of XX% in 2015. Prepreg is widely used in manufacturing various components of wind turbines, owing to their high strength and fatigue resistance. The wind energy sector requires turbines long, light and durable blades to improve efficiency. Increasing use of the material in wind turbines is expected to drive the segment growth over the next few years.
North America dominated the regional market 2015 with an overall share of over XX%, which can be attributed to the presence of a robust wind energy and aerospace sectors in the region. US dominated the carbon fiber prepreg market in North America. Aerospace & defense and wind energy are the major consumers of carbon fiber prepreg in Canada.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024– 2030 |
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Market CAGR |
x% |
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By Resin Type |
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By Manufacturing |
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By End User |
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2023 is the base year and 2030 is the forecast year.
The north america carbon fiber prepreg market Report data: (United States of America (USA), Canada)
The north america carbon fiber prepreg market key players are: SGL Group (Wiesbaden, Germany) Gurit Holdings AG (Wattwil, Switzerland) Park Electrochemical Corporation (Melville, U.S.) Toray Industries (Tokyo, Japan) Teijin Limited (Osaka, Japan) Royal TenCate N.V. (Almeo, The Netherlands) Hexcel Corporation (Connecticut, US) Solvay (Brussels, Belgium) Mitsubishi Rayon Co. Ltd. (Tokyo, Japan) Axiom Materials (California, US)
| 1. Executive Summary |
| 2. North America Carbon Fiber Prepreg Market Introduction |
| 2.1. North America Carbon Fiber Prepreg Market - Taxonomy |
| 2.2. North America Carbon Fiber Prepreg Market - Definitions |
| 2.2.1.Resin Type |
| 2.2.2.Manufacturing |
| 2.2.3.End Users |
| 2.2.4.Region |
| 3. North America Carbon Fiber Prepreg Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. North America Carbon Fiber Prepreg Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. North America Carbon Fiber Prepreg Market By Resin Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Epoxy |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Phenolic |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Thermoplastic |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. North America Carbon Fiber Prepreg Market By Manufacturing, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Epoxy |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Phenolic |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Thermoplastic |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. North America Carbon Fiber Prepreg Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Aerospace & Defense |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Wind Energy |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Sports & Leisure |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Automotive |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. North America Carbon Fiber Prepreg Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. United States of America (USA) |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Canada |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9. Competition Landscape |
| 9.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 9.2.1.SGL Group (Wiesbaden, Germany) |
| 9.2.2.Gurit Holdings AG (Wattwil, Switzerland) |
| 9.2.3.Park Electrochemical Corporation (Melville, U.S.) |
| 9.2.4.Toray Industries (Tokyo, Japan) |
| 9.2.5.Teijin Limited (Osaka, Japan) |
| 9.2.6.Royal TenCate N.V. (Almeo, The Netherlands) |
| 9.2.7.Hexcel Corporation (Connecticut, US) |
| 9.2.8.Solvay (Brussels, Belgium) |
| 9.2.9.Mitsubishi Rayon Co. Ltd. (Tokyo, Japan) |
| 9.2.10.Axiom Materials (California, US) |
| 10. Research Methodology |
| 11. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.