New York, United States, Jan. 29, 2024 (GLOBE NEWSWIRE) — The Global Prepreg Market Size to Grow from USD 13.1 Billion in 2022 to USD 26.8 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period.
The process begins with the production of raw materials such as reinforcing fibres such as carbon, glass, or aramid and resin systems such as epoxy, phenolic, or thermoplastic resins. The next stage is the production of reinforcing fibres. Such methods include carbonisation for carbon fibres and spinning for glass fibres. Resin systems are tailored to the unique requirements of the application. This may require combining various chemicals to achieve desired properties such as flexibility, strength, and cure time. To make the actual prepreg, the resin system is infused into the reinforcing fibres. This is a crucial stage because it determines the composite material’s ultimate qualities. Pregnancies are then terminated, frequently using heat and pressure. The cured prepreg material is then cut into the shapes and sizes that the customer has specified. It is packaged and ready for dispatch. Distributors are in charge of distributing prepreg materials to manufacturers.  Manufacturers in a variety of industries, including aerospace, automotive, and sports, employ prepreg materials to build components.With the aerospace industry always looking for lightweight materials to improve fuel efficiency and performance, prepreg materials offer a lot of potential in aircraft manufacturing. With the aerospace industry always looking for lightweight materials to improve fuel efficiency and performance, prepreg materials offer a lot of potential in aircraft manufacturing. Prepreg materials have a promising market in the wind energy sector, specifically in the manufacture of wind turbine blades. The strength-to-weight ratio of composites is perfect for large, long-lasting blades. Prepreg materials, due to their strength and flexibility, present a potential in the sports equipment sector, including the fabrication of high-performance bicycles, tennis rackets, and other sporting products. Composites are increasingly being used in bridge, construction, and other infrastructure projects.The thermoset resin segment accounted for the largest market share over the forecast period 2023 to 2032. Epoxy, phenolic, and other thermoset resins have several applications in a number of industries. They are widely used in aerospace, automotive, wind energy, and sports equipment manufacture due to their exceptional mechanical properties and high heat resistance. To make lightweight and high-strength components, the aerospace industry mainly relies on thermoset resin-based prepregs. Because of the goal for fuel-efficient aircraft and the need for robust yet lightweight materials, this sector is expanding. The use of thermoset resin-based prepregs is required for wind turbine blades. The growth of the wind energy sector, driven by greater investments in renewable energy, increases the need for these materials.The carbon fiber segment accounted for the largest market share over the forecast period 2023 to 2032. Carbon fiber-reinforced prepregs are widely used in the aerospace industry to manufacture lightweight, high-strength components such aircraft fuselages, wings, and interior structures. The growing demand for fuel-efficient aeroplanes has hastened the emergence of carbon fibre composites in this industry. In the automotive industry, lightweighting is becoming increasingly necessary in order to improve fuel efficiency and overall performance. Carbon fibre prepregs are utilised in the manufacturing of automotive components such as body panels, chassis parts, and interior elements. Carbon fibre prepregs are used to create high-performance equipment such as bicycles, tennis rackets, golf clubs, and sports gear in the sports and leisure business. The lightweight and strong qualities of carbon fibre contribute to improved athletic performance.The hot melt process segment accounted for the largest market share over the forecast period 2023 to 2032. The thermoplastic polymers used in the hot melt process melt when heated and solidify when cooled. This technology is notable for its efficiency and reduced processing time when compared to typical prepreg production methods. The hot melt technique is ideal for use in the automotive industry, notably for the fabrication of interior components. It allows for the quick production of interior panels, trim pieces, and acoustic components. The ability of the hot melt process to achieve fast cycle times is beneficial in areas where quick production turnaround is required. This is extremely important in the car sector and other businesses that demand high-volume production.The aerospace segment accounted for the largest market share over the forecast period 2023 to 2032. Electric and hybrid-electric aircraft are becoming increasingly popular in the aerospace sector. Lightweight materials are usually prioritised in these aircraft designs for increased economy, offering up opportunities for the utilisation of prepreg materials. In response to rising demand for air travel, aerospace manufacturers are increasing production rates. As a result, there is a larger demand for novel materials, such as prepregs, to meet the production requirements of modern aircraft. The aerospace industry is expanding globally, with emerging markets playing a vital role. As new aircraft manufacturing facilities are created, the demand for advanced materials like as prepregs develops.This study forecasts revenue at global, regional, and country levels from 2023 to 2032.
(GlobeNewsWire)