Aerospace Prepreg Market Trends and Forecast
The future of the global aerospace prepreg market looks promising with opportunities in the commercial and defense markets. The global aerospace prepreg market is expected to grow with a CAGR of 12.3% from 2024 to 2030. The major drivers for this market are increased demand for lightweight materials, growing need of advanced materials in aerospace sector, and expanding commercial and military aerospace sectors.
• Lucintel forecasts that carbon is expected to witness the higher growth over the forecast period.
• Within this market, commercial is expected to witness the higher growth.
• North America is expected to witness highest growth over the forecast period.
United States: Construction giants like Holcim US are investing in building materials with lower carbon footprints. They recently announced a new net-zero cement.
India: The Indian government aims to achieve $1 trillion in construction spending by 2024. This is driving demand for innovative materials like prefabricated elements. Local companies like JSW Cement are expanding production capacities to meet the growing demand for building materials.
China: Chinese steel companies are focusing on developing greener steel production processes to comply with stricter environmental regulations.
Germany: The German government is promoting sustainable construction practices. They offer subsidies for using recycled materials in construction projects.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aerospace Prepreg by Segment
The study includes a forecast for the global aerospace prepreg by fiber type, resin type, application, and region.
Aerospace Prepreg Market by Fiber Type [Shipment Analysis by Value from 2018 to 2030]:
• Carbon
• Glass
• Others
Aerospace Prepreg Market by Resin Type [Shipment Analysis by Value from 2018 to 2030]:
• Thermoset
• Thermoplastic
Aerospace Prepreg Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Defense
• Others
Aerospace Prepreg Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aerospace Prepreg Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aerospace prepreg companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aerospace prepreg companies profiled in this report include-
• Hexcel
• Toray Industries
• Park Aerospace
• Gurit
• Mitsubishi Chemical
• C. A. Litzler
• Teijin
Recent Development in the Aerospace Prepreg Market
United States: Hexcel Corporation announced a new plant in Utah to increase production of aerospace prepregs, aiming to meet the rising demand from major aircraft manufacturers like Boeing and Lockheed Martin.
Germany: SGL Carbon SE has expanded its production capacity for aerospace prepregs at its site in Meitingen, responding to increasing orders from Airbus and the European space sector.
Japan: Toray Industries has set a target to reduce the carbon footprint of its aerospace prepregs by 30% by 2030, aligning with Japan’s national strategy for sustainability in the aerospace industry.
France: The French government has partnered with Safran and Dassault Aviation to invest in the development of next-generation aerospace prepregs, focusing on enhancing material performance and reducing environmental impact.
Features of the Global Aerospace Prepreg Market
Market Size Estimates: Aerospace prepreg market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aerospace prepreg market size by fiber type, resin type, application, and region in terms of value ($B).
Regional Analysis: Aerospace prepreg market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different fiber types, resin types, applications, and regions for the aerospace prepreg market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aerospace prepreg market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for aerospace prepreg market?
Answer: The global aerospace prepreg market is expected to grow with a CAGR of 12.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the aerospace prepreg market?
Answer: The major drivers for this market are increased demand for lightweight materials, growing need of advanced materials in aerospace sector, and expanding commercial and military aerospace sectors.
Q3. What are the major segments for aerospace prepreg market?
Answer: The future of the aerospace prepreg market looks promising with opportunities in the commercial and defense markets.
Q4. Who are the key aerospace prepreg market companies?
Answer: Some of the key aerospace prepreg companies are as follows:
• Hexcel
• Toray Industries
• Park Aerospace
• Gurit
• Mitsubishi Chemical
• C. A. Litzler
• Teijin
Q5. Which aerospace prepreg market segment will be the largest in future?
Answer: Lucintel forecasts that carbon is expected to witness the higher growth over the forecast period.
Q6. In aerospace prepreg market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aerospace prepreg market by fiber type (carbon, glass, and others), resin type (thermoset and thermoplastic), application (commercial, defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Aerospace Prepreg Market Market, Aerospace Prepreg Market Market Size, Aerospace Prepreg Market Market Growth, Aerospace Prepreg Market Market Analysis, Aerospace Prepreg Market Market Report, Aerospace Prepreg Market Market Share, Aerospace Prepreg Market Market Trends, Aerospace Prepreg Market Market Forecast, Aerospace Prepreg Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.