Prepreg market to reach more than US$4 million in 2019

The global carbon fiber prepreg market has been valued at US$2,633.0 million in 2014 and is estimated to reach US$4,640.2 million by 2019, at a CAGR of 11.9.

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Aerospace and defense is the leading application segment of the market and accounted for US$1,844.0 million in 2014. It is estimated to reach US$3,237.7 million, at a CAGR of 11.9% during the forecast period, 2014 to 2019. In terms of volume, this segment is estimated to grow at a CAGR of 11.5% during the given forecast period. The sporting goods application of the global carbon fiber prepreg market is projected to grow at a CAGR of 9.1% from 2014 to 2019.

Largest share

North America holds the largest share of the global carbon fiber prepreg market, with the growing aerospace industry and the user-friendly and environment-friendly characteristics of the composite being the main factors driving the growth of this market.

The major participants that operate in the global carbon fiber prepreg market include Hexcel Corporation, Cytec Industries, Gurit Holdings AG, SGL Group, Toray Industries Axiom Materials, Inc, and Teijin Limited.

This story is reprinted from material from MicroMarketMonitor, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.