Prepreg Industry Statistics

In this post, we present key statistics pertaining to the global Prepreg industry, shedding light on market size, growth projections, sector dominance, material preferences, geographical trends, and application dynamics. These data points offer valuable insights into the current landscape and future prospects of the Prepreg market across various industries worldwide.

Statistic 1

"The global Prepreg market size was estimated at USD 8.2 billion in 2019."

Statistic 2

"The global market for Prepreg is projected to reach USD 11.5 billion by 2024."

Statistic 3

"The aerospace and defense industry accounted for the largest share of the Prepreg market in 2018."

Statistic 4

"The carbon fiber Prepreg type holds the largest share in the Prepreg market."

Statistic 5

"The use of Prepreg is growing at a CAGR of 10.0% during the forecast period 2018-2025."

Statistic 6

"The transport application is to grow at the highest CAGR in the Prepreg market during the forecast period."

Statistic 7

"Europe is projected to be the second-largest market for Prepreg during the forecast period."

Statistic 8

"The Asian Prepreg market is estimated to grow at the highest CAGR from 2019 to 2024."

Statistic 9

"The glass fiber Prepreg is less expensive as compared to carbon fiber Prepreg."

Statistic 10

"The Prepreg market in the wind energy industry is projected to grow at a high CAGR of 8.8% between 2018 and 2025."

Statistic 11

"North America accounted for approximately 40% of the global Prepreg market consumption in 2018."

Statistic 12

"The market for Prepreg in sports and leisure is projected to witness a CAGR of 11% during the forecast period."

Statistic 13

"The Prepreg market size in terms of volume was around 181.2 kilotons in 2019."

Statistic 14

"The automotive sector is the fastest-growing end-use industry segment for Prepregs."

Statistic 15

"The thermoplastic Prepreg is expected to witness high growth rate due to its superior characteristics over thermoset Prepreg."

Statistic 16

"The Prepreg market is primarily driven by high demand from the aerospace & defense sector."

Statistic 17

"The Prepreg market in Middle East and Africa is expected to grow at a modest rate due to the lack of technological advancements."

Statistic 18

"The Prepreg market in South America is expected to grow at a CAGR of 7.8% during the forecast period."

In conclusion, the global Prepreg market is experiencing significant growth driven by the aerospace and defense industry, with carbon fiber Prepreg leading the market. The market is projected to reach USD 11.5 billion by 2024, with a strong focus on the transport application sector which is expected to grow at the highest CAGR. Europe and Asia are key regions for market expansion, with North America currently dominating global consumption. The wind energy and automotive sectors are also key growth areas for Prepreg usage, with thermoplastic Prepreg showing promising growth rates. Despite varying growth rates across regions, overall market expansion opportunities remain robust, highlighting the dynamic nature of the Prepreg industry.