Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.29 Billion | USD 16.06 Billion | 9.18% | 2023 |
FrequentlyAsked Questions
Carbon fiber prepreg is a composite material that is composed of carbon fiber reinforcement that has been pre-impregnated with a resin matrix, typically thermosetting plastic resins. This combination produces a high-strength, lightweight material that is employed in a variety of industries, such as aerospace, automotive, and sports equipment.
The aerospace industry is increasingly pursuing lightweight materials to improve fuel efficiency and decrease emissions. The carbon fiber prepreg market is experiencing development due to its suitability for aircraft components.
Zion Market Research has published a report on the global Carbon Fiber Prepreg Market, estimating its value at USD 7.29 Billion in 2023, with projections indicating that it will reach USD 16.06 Billion by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 9.18% over the forecast period 2024-2032.
North America is predicted to dominate the overall carbon fiber prepreg market in the years ahead, subject to easy availability of raw materials and technological breakthroughs taking place across the countries such as the U.S. and Canada. The flourishing aerospace sector in North America is anticipated to contribute notably towards the regional surge. The escalating preference for fuel efficient automotive and robust demand for protective coating will accelerate the carbon fiber prepreg industry revenue in North America.
Teijin Limited, Hexcel Corporation, Toray Industries, Royal TenCate N.V, Cytec Solvay Group, and Mitsubishi Rayon Co., Ltd
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