The Latest Carbon Fiber Prepreg Industry Statistics Explained
The global carbon fiber prepreg market size was valued at USD 7.31 billion in 2019 (Source: Grand View Research).
The statistic indicates that the global carbon fiber prepreg market had a total value of USD 7.31 billion in the year 2019, as reported by Grand View Research. Carbon fiber prepreg refers to carbon fiber fabric that is pre-impregnated with a resin matrix, typically used in industries such as aerospace, automotive, and sports equipment for its lightweight and high strength properties. The market size figure reflects the total value of all carbon fiber prepreg products sold globally in 2019. This large market size highlights the significant demand for carbon fiber prepreg materials and the importance of these materials in various industries for their superior performance characteristics. The statistic provides insight into the scale and economic significance of the global carbon fiber prepreg market as of 2019.
The carbon fiber prepreg market is projected to reach USD 11.5 billion by 2024 (Source: Markets and Markets).
The statistic indicates that the carbon fiber prepreg market is expected to grow and reach a total value of USD 11.5 billion by the year 2024, as projected by Markets and Markets. This forecast suggests a positive trend and increasing demand for carbon fiber prepreg materials in various industries such as aerospace, automotive, sports equipment, and wind energy. The projected growth in market value implies a growing acceptance of carbon fiber prepreg due to its lightweight and high-strength properties, making it an attractive choice for manufacturers looking to improve the performance and efficiency of their products.
The demand for carbon fiber prepreg is expected to increase at a compound annual growth rate (CAGR) of 7.9% from 2020 to 2027 (Source: Grand View Research).
The statistic indicates that the demand for carbon fiber prepreg, a material used in various industries like aerospace, automotive, and sports equipment, is projected to grow steadily at a compound annual growth rate (CAGR) of 7.9% per year from 2020 to 2027, according to research by Grand View Research. This suggests a strong and consistent increase in the utilization of carbon fiber prepreg over the specified period. The growth rate implies that the market for this material is expanding significantly, likely driven by factors such as the increasing adoption of lightweight and high-strength materials in various applications as well as technological advancements in the manufacturing processes. Businesses operating in the carbon fiber prepreg industry can use this information to make strategic decisions regarding production capacity, market positioning, and investment opportunities.
Aerospace & defense accounted for the largest share of the carbon fiber prepreg market in 2018 (Source: Markets and Markets).
The statistic that “Aerospace & defense accounted for the largest share of the carbon fiber prepreg market in 2018” suggests that within the carbon fiber prepreg industry, the aerospace and defense sector held the leading stake in terms of market demand and consumption. This indicates that these industries likely have a significant need for carbon fiber prepreg materials due to their specific requirements for high-performance and lightweight materials. The dominance of aerospace and defense sectors in the market could be driven by factors such as the increasing demand for fuel-efficient aircraft, UAVs, and military equipment, which rely on carbon fiber prepregs for their structural components. This statistic highlights the importance of the aerospace and defense industries as key players shaping the market dynamics and driving the growth of the carbon fiber prepreg industry.
In 2019, North America was the largest regional market for carbon fiber prepreg (Source: Grand View Research).
The statistic indicates that in 2019, North America had the highest market share for carbon fiber prepreg among all regions according to the data sourced from Grand View Research. This implies that North America had the highest consumption, production, or sales volume of carbon fiber prepreg compared to other regions such as Europe, Asia Pacific, or Latin America during that year. The prominence of North America in the carbon fiber prepreg market suggests a strong demand for this advanced composite material in the region, possibly driven by various industries like aerospace, automotive, and wind energy among others.
The wind energy sector is expected to be the fastest growing end-user segment for carbon fiber prepreg, recording a CAGR of 8.8% from 2020 to 2027 (Source: Grand View Research).
The statistic indicates that the wind energy sector is projected to experience significant growth as an end-user of carbon fiber prepreg, with a Compound Annual Growth Rate (CAGR) of 8.8% between 2020 and 2027, according to a report by Grand View Research. This growth rate suggests a consistent and rapid expansion in the demand for carbon fiber prepreg, a composite material that combines carbon fibers with a matrix resin. The increasing adoption of carbon fiber prepreg in the wind energy sector can be attributed to its lightweight, high strength, and corrosion resistance properties, making it a preferred material for producing wind turbine blades. As the wind energy industry continues to expand and transition towards sustainable energy sources, the demand for carbon fiber prepreg is expected to rise steadily, driving significant growth in this market segment.
Solvay Group, Hexcel Corporation, and Toray Industries are some of the leading players in the carbon fiber prepreg industry (Source: Markets and Markets).
The statistic indicates that Solvay Group, Hexcel Corporation, and Toray Industries are among the prominent companies in the carbon fiber prepreg industry, as reported by Markets and Markets. These companies are recognized as key players in the market due to their significant market share, product offerings, technological advancements, and strong presence in the industry. Their leadership position suggests that they play a critical role in shaping the dynamics and competitiveness of the carbon fiber prepreg sector, influencing trends, innovations, and overall industry performance. This information is valuable for stakeholders, investors, and industry observers to understand the competitive landscape and key players driving the growth and development of the carbon fiber prepreg industry.
The carbon fiber prepreg market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period (Source: Markets and Markets).
The statistic indicates that the carbon fiber prepreg market in the Asia-Pacific region is expected to experience the highest compound annual growth rate (CAGR) compared to other regions over the forecast period. This suggests that the demand for carbon fiber prepreg materials, which are composite materials commonly used in industries like aerospace, automotive, and sports equipment, is on the rise in the Asia-Pacific region. Factors driving this growth could include increasing industrialization, infrastructure development, and a growing focus on lightweight and high-performance materials in the region. Overall, this statistic highlights the potential opportunities and market trends in the carbon fiber prepreg industry in Asia-Pacific, as reported by Markets and Markets.
In 2019, the aerospace and defense segment dominated the carbon fiber prepreg market with a share of over 40.0% (Source: Grand View Research).
The statistic indicates that in 2019, the aerospace and defense industry had a significant influence on the carbon fiber prepreg market, accounting for more than 40.0% of the market share. This suggests that a substantial portion of carbon fiber prepreg materials produced and consumed during that year were utilized in the aerospace and defense sector. The dominance of this industry segment highlights its strong demand for carbon fiber prepreg materials, likely due to their superior strength-to-weight ratio and performance characteristics, which are crucial in aerospace and defense applications. This statistic underscores the importance of the aerospace and defense segment in driving growth and shaping trends within the carbon fiber prepreg market.
Hot-melt manufacturing technology accounted for 52.5% of the total market revenue in 2019 (Source: Grand View Research).
The statistic indicates that in 2019, hot-melt manufacturing technology contributed 52.5% to the total market revenue within the industry, according to Grand View Research. This suggests that hot-melt manufacturing technology was the dominant method of production within the industry during that period. The significant portion of market revenue attributed to hot-melt technology highlights its widespread adoption and effectiveness in generating revenue compared to other manufacturing technologies in the market. This statistic serves as a key indicator of the industry’s reliance and preference for hot-melt technology in 2019, emphasizing its importance in driving overall market performance and shaping manufacturing practices within the industry.
Europe’s carbon fiber prepreg market is expected to register a CAGR of 8.2% between 2020 to 2027 (Source: Grand View Research).
The statistic indicates that the carbon fiber prepreg market in Europe is projected to experience a Compound Annual Growth Rate (CAGR) of 8.2% from 2020 to 2027. This implies that the demand for carbon fiber prepreg products in Europe is anticipated to steadily increase over the forecast period. A CAGR of 8.2% suggests a relatively healthy growth rate in the market, indicating potential opportunities for industry players. Factors such as increasing applications of carbon fiber composites in various end-use industries, such as aerospace, automotive, and wind energy, could be driving this growth. The forecast provides valuable insights for businesses operating in or planning to enter the carbon fiber prepreg market in Europe, helping them make informed decisions and strategies based on anticipated market trends and growth prospects.
The carbon fiber prepreg market growth is driven by the rising demand for lightweight materials in the aerospace and automotive industries (Source: Markets and Markets).
The statistics statement indicates that the growth of the carbon fiber prepreg market is primarily attributed to the increasing demand for lightweight materials within the aerospace and automotive sectors. Carbon fiber prepreg, which is a composite material made of carbon fiber reinforcement and a thermoset matrix resin, is known for its high strength-to-weight ratio and durability, making it a popular choice for industries that require lightweight yet strong materials. As the aerospace and automotive industries continue to focus on improving fuel efficiency and performance, the demand for carbon fiber prepreg as a lightweight solution is expected to rise, further driving the growth of the market.
The market size for carbon fiber prepreg in Europe was USD 2.1 billion in 2019 (Source: Grand View Research).
The statistic provided indicates that the total market size for carbon fiber prepreg in Europe reached USD 2.1 billion in the year 2019, as reported by Grand View Research. Carbon fiber prepreg refers to a composite material that consists of carbon fiber reinforcement impregnated with a resin matrix. This market size figure reflects the total value of sales and manufacturing of carbon fiber prepreg within the European region in 2019. The significant market size highlights the growing demand for carbon fiber-based composite materials in various industries such as aerospace, automotive, sports and leisure, and wind energy, among others in Europe. This statistic serves as a key indicator of the market’s economic importance and the traction of carbon fiber prepreg within the region.
The carbon fiber prepreg market in automotive applications is expected to grow at a CAGR of 9.1% from 2020 to 2027 (Source: Grand View Research).
This statistic indicates that the carbon fiber prepreg market, specifically in automotive applications, is projected to experience a Compound Annual Growth Rate (CAGR) of 9.1% between 2020 and 2027, according to Grand View Research. This suggests a steady and consistent increase in demand and usage of carbon fiber prepreg materials within the automotive industry over the specified timeframe. A high CAGR of 9.1% signifies significant growth potential for the market, driven by factors such as increasing emphasis on lightweight and high-performance materials in vehicle manufacturing, as well as the growing trend towards sustainability and fuel efficiency in the automotive sector. Companies operating in this market may benefit from this growth trend by investing in research and development, expanding production capacity, and capitalizing on the rising demand for carbon fiber prepreg materials in automotive applications.
The market size for epoxy resin carbon fiber prepreg was valued at USD 5.2 billion in 2019 (Source: Grand View Research).
The statistic indicates that the total market value of epoxy resin carbon fiber prepreg products reached USD 5.2 billion in 2019, as reported by Grand View Research. Epoxy resin carbon fiber prepreg refers to a type of material composed of epoxy resin impregnated into carbon fibers, commonly used in industries such as aerospace, automotive, and sporting goods for its lightweight and high strength properties. The market size value provides insights into the scale and economic significance of this specific product category within the broader composite materials industry, reflecting the demand and growth potential for epoxy resin carbon fiber prepreg materials. This statistic serves as a key indicator for market analysts, industry stakeholders, and investors assessing the performance and opportunities within this segment of the market.
The carbon fiber prepreg market for sport goods and leisure is projected to grow at a CAGR of 8.4% between 2020 to 2027 (Source: Grand View Research).
The statistic provided indicates that the carbon fiber prepreg market for sporting goods and leisure products is expected to experience a compound annual growth rate (CAGR) of 8.4% from the year 2020 to 2027, according to the research conducted by Grand View Research. This projection suggests a strong positive trend in the demand for carbon fiber prepreg materials in the sports and leisure industry over the forecasted period. The CAGR of 8.4% implies a steady annual increase in market size and adoption of carbon fiber prepreg materials in the production of sporting equipment and leisure products. This growth rate reflects the ongoing market trends, technological advancements, and consumer preferences towards high-performance and lightweight materials in the sports and leisure sector.
Europe is expected to continue to be the most attractive market for carbon fiber prepreg manufacturers (Source: Markets and Markets).
This statistic indicates that Europe is projected to remain the most favorable market for manufacturers of carbon fiber prepreg in the near future, according to a report from Markets and Markets. This implies that the region offers favorable conditions for companies producing these materials, potentially due to factors such as high demand, technological advancements, supportive regulations, or the presence of key industries requiring carbon fiber prepregs. Manufacturers may find the European market to be particularly promising for growth, expansion, and profitability compared to other regions, which could influence strategic decisions and investment plans within the industry.
The aerospace industry is expected to continue its dominance in the carbon fiber prepreg market by 2025 (Source: Markets and Markets).
The statistic suggests that the aerospace industry is projected to maintain its leading position within the carbon fiber prepreg market by the year 2025, based on data from Markets and Markets. This indicates that the demand for carbon fiber prepreg materials, which are widely used in aerospace applications due to their lightweight and high-strength properties, is anticipated to remain significantly high within the aerospace sector in the coming years. The continued dominance of the aerospace industry in this market segment implies a continued reliance on carbon fiber prepreg materials for the manufacturing of aircraft components and structures, reflecting a positive outlook for the aerospace industry’s growth and innovation in the near future.
Hot-melt carbon fiber prepreg accounted for more than 50% of the overall revenue in 2019 (Source: Grand View Research).
The statistic provided states that hot-melt carbon fiber prepreg contributed to over 50% of the total revenue in 2019, according to Grand View Research. This indicates that hot-melt carbon fiber prepreg, a type of composite material typically used in industries like aerospace and automotive for its lightweight and strong properties, was a significant driver of revenue within the market during that year. The fact that it accounted for more than half of the revenue suggests that there was a strong demand for this particular product and it played a crucial role in the overall financial performance of businesses operating in this sector in 2019.
The production of carbon fiber prepreg results in less emission of volatile organic compounds which are harmful air pollutants (Source: Grand View Research).
The statistic highlights the environmental benefit of using carbon fiber prepreg in manufacturing processes, as it results in reduced emissions of volatile organic compounds (VOCs). VOCs are harmful air pollutants that can contribute to various health issues and environmental damage. By producing carbon fiber prepreg, industries can lower their environmental impact by emitting fewer VOCs into the atmosphere compared to traditional manufacturing methods. This statistic emphasizes the importance of sustainable practices in reducing air pollution and promoting a cleaner and healthier environment.
Conclusion
The statistics presented for the Carbon Fiber Prepreg industry provide valuable insights into the current market trends, growth projections, and key players in the sector. This data can be used by industry professionals, decision-makers, and investors to make informed choices and strategic decisions for the future. Keeping track of these statistics will facilitate a better understanding of the market dynamics and opportunities for growth in the Carbon Fiber Prepreg industry.
References
0. – https://www.www.marketsandmarkets.com
1. – https://www.www.grandviewresearch.com
