Market by Resin Type, Manufacturing Process, Reinforcement Type, Applications, and Country | Forecast 2021-2028
The prepreg market in North America is expected to grow with a CAGR of
8.67% by revenue during the estimated duration from 2021 to 2028.
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The countries covered in this market include:
• The United States
• Canada
The United States is one of the world’s largest and most technologically
advanced economies. Its leading position enabled the country to become one of
the prime hubs for carbon prepreg manufacturing. Some of the major prepreg
manufacturers, such as Axiom Materials, ACP Composites, Hexcel, and others, are
present in the country. Besides, SGL Carbon, which manufactures carbon fiber
and composites, also has manufacturing sites in the country. It specializes in
manufacturing carbon fiber and composites for the automotive sector.
The automotive industry in the US contributes around 3% to the national
GDP. Moreover, the United States is the world’s second-largest automotive
vehicles producer. It also has the biggest aerospace industry in the world. As
per data from the Federal Aviation Administration (FAA), the total active
general aviation fleet here is expected to reach 212,885 aircraft by 2039,
owing to the increase in air cargo. This is likely to increase the adoption of
prepregs, which will propel the growth of the studied in the coming period.
Also, in terms of size, the electronics industry
is the largest in the US. The enhanced usage of advanced technology, increase
in the number of R&D centers, and a surge in consumer demand influence the
adoption of prepregs. Also, the US’ wind industry installed 5,476 MW of new
wind power capacity in the last quarter of 2019. The increase in wind power
capacity installations in the country is also influencing prepreg adoption.
These factors are expected to contribute to the prepreg market growth in the forthcoming
years.
Axiom Materials Inc is a US-based composite manufacturing company. It
was established in 2009, and is headquartered in Santa Ana, California. Its
product portfolio includes prepregs, primers, film adhesives, adhesives,
pastes, and ancillary products. The company produces a broad range of prepregs,
such as woven aramid prepregs, woven fiberglass prepregs, woven carbon
prepregs, ceramic prepregs, and unidirectional prepregs. Prepregs produced by
Axiom are majorly applied in aircraft engine components & interiors,
structural composites, honeycomb panels, foam panels, etc.
1. NORTH
AMERICA PREPREG MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE PREPREG INDUSTRY
2.2. KEY
INSIGHTS
2.2.1. EASE
OF HANDLING
2.2.2. ADVANCES
IN MANUFACTURING PROCESSES
2.2.3. RISING
NUMBER OF STRATEGIC DEVELOPMENTS BY MANUFACTURERS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. INDUSTRY
COMPONENTS
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. PARTNERSHIPS
2.7.4. BUSINESS
EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. DEMAND
FROM THE AEROSPACE INDUSTRY
2.8.2. AUTOMOTIVE
MANUFACTURERS AIMING AT REDUCING CARBON FOOTPRINTS
2.8.3. EVOLVING
WIND ENERGY MARKET
2.9. MARKET
CHALLENGES
2.9.1. LOW
SHELF LIFE COMPARED TO CONVENTIONAL RESIN FIBERS
2.9.2. HIGH
COSTS ASSOCIATED WITH PREPREGS
2.9.3. COMPLEXITIES
IN MAINTENANCE, REPAIR, AND OVERHAUL (MRO) REQUIREMENTS
2.10. MARKET
OPPORTUNITIES
2.10.1. GROWING
INTEREST TOWARD USING LIGHTWEIGHT MATERIALS IN SPORTING GOODS
2.10.2. INCREASED
DEMAND FOR CARBON FIBER PREPREGS
3. NORTH
AMERICA PREPREG MARKET OUTLOOK – BY RESIN TYPE
3.1. THERMOSET
3.2. THERMOPLASTIC
4. NORTH
AMERICA PREPREG MARKET OUTLOOK – BY MANUFACTURING PROCESS
4.1. HOT
MELT
4.2. SOLVENT
DIP
5. NORTH
AMERICA PREPREG MARKET OUTLOOK – BY REINFORCEMENT TYPE
5.1. CARBON
FIBER
5.2. GLASS
FIBER
5.3. ARAMID
FIBER
6. NORTH
AMERICA PREPREG MARKET OUTLOOK – BY APPLICATIONS
6.1. AEROSPACE
& DEFENCE
6.2. WIND
ENERGY
6.3. AUTOMOTIVE
6.4. SPORTING
GOODS
6.5. PCB
& OTHER APPLICATION
7. NORTH
AMERICA PREPREG MARKET – REGIONAL OUTLOOK
7.1. UNITED
STATES
7.2. CANADA
8. COMPETITIVE
LANDSCAPE
8.1. AXIOM
MATERIALS
8.2. CELANESE
8.3. CYTEC
SOLVAY GROUP
8.4. GURIT
HOLDING AG
8.5. HEXCEL
CORPORATION
8.6. MITSUBISHI
RAYON CO LTD
8.7. PARK
ELECTROCHEMICAL CORP
8.8. RENEGADE
MATERIALS CORPORATION
8.9. ROYAL
TEN CATE NV
8.10. SGL
GROUP
8.11. TEIJIN
LIMITED
8.12. TORAY
INDUSTRIES INC
8.13. UNICARBON
8.14. VENTEC
GROUP
8.15. ZYVEX
LABS
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: NORTH AMERICA PREPREG
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: LIST OF PRODUCT
LAUNCHES
TABLE 5: LIST OF PARTNERSHIPS
& AGREEMENTS
TABLE 6: LIST OF BUSINESS
EXPANSIONS
TABLE 7: NORTH AMERICA PREPREG
MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA PREPREG
MARKET, BY MANUFACTURING PROCESS, 2021-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA PREPREG
MARKET, BY REINFORCEMENT TYPE, 2021-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA
PREPREG MARKET, BY APPLICATIONS-USERS, 2021-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA
PREPREG MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: WORLDWIDE AUTOMOTIVE (CARS & COMMERCIAL VEHICLES) PRODUCTION, 2015-2020
(IN MILLION)
FIGURE
3: NORTH AMERICA PREPREG MARKET, BY RESIN TYPE, 2020 & 2028 (IN %)
FIGURE
4: NORTH AMERICA PREPREG MARKET, BY THERMOSET, 2021-2028 (IN $ MILLION)
FIGURE
5: NORTH AMERICA PREPREG MARKET, BY THERMOPLASTIC, 2021-2028 (IN $ MILLION)
FIGURE
6: NORTH AMERICA PREPREG MARKET, BY MANUFACTURING PROCESS, 2020 & 2028 (IN
%)
FIGURE
7: NORTH AMERICA PREPREG MARKET, BY HOT MELT, 2021-2028 (IN $ MILLION)
FIGURE
8: SCHEMATIC OF HOT MELT PROCESS
FIGURE
9: NORTH AMERICA PREPREG MARKET, BY SOLVENT DIP, 2021-2028 (IN $ MILLION)
FIGURE
10: SCHEMATIC OF SOLVENT DIP PROCESS
FIGURE
11: NORTH AMERICA PREPREG MARKET, BY REINFORCEMENT TYPE, 2020 & 2028 (IN %)
FIGURE
12: NORTH AMERICA PREPREG MARKET, BY CARBON FIBER, 2021-2028 (IN $ MILLION)
FIGURE
13: NORTH AMERICA PREPREG MARKET, BY GLASS FIBER, 2021-2028 (IN $ MILLION)
FIGURE
14: NORTH AMERICA PREPREG MARKET, BY ARAMID FIBER, 2021-2028 (IN $ MILLION)
FIGURE
15: NORTH AMERICA PREPREG MARKET, BY APPLICATIONS, 2020 & 2028 (IN %)
FIGURE
16: NORTH AMERICA PREPREG MARKET, BY AEROSPACE & DEFENCE, 2021-2028 (IN $
MILLION)
FIGURE
17: NORTH AMERICA PREPREG MARKET, BY WIND ENERGY, 2021-2028 (IN $ MILLION)
FIGURE
18: NORTH AMERICA PREPREG MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)
FIGURE
19: NORTH AMERICA PREPREG MARKET, BY SPORTING GOODS, 2021-2028 (IN $ MILLION)
FIGURE
20: NORTH AMERICA PREPREG MARKET, BY PCB & OTHER APPLICATIONS, 2021-2028
(IN $ MILLION)
FIGURE
21: NORTH AMERICA PREPREG MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE
22: UNITED STATES PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE
23: CANADA PREPREG MARKET 2021-2028 (IN $ MILLION)