A research report on the Glass Fiber Prepreg Market has recently been published by Stratview Research, which addresses the significant changes in the Glass Fiber Prepreg Market. The study’s purpose is to recognize recent market sizes for various segments and countries, as well as forecast values for the coming years. This research gives an analytical review of the market’s present trend and future estimates in order to find additional opportunities. The report is meant to provide both qualitative and quantitative aspects of the market in each of the areas and countries studied.
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Stratview Research’s estimates suggest that the market is set to log a massive downturn in 2020, subsequently picking up pace during the next five years to reach an estimated value of US$ 762.2 million in 2026. Several factors behind this long-term rejuvenation of glass prepreg demand would be increasing demand for lightweight vehicles and aircraft, growing usage in new applications, the introduction of stricter emission regulations, etc. Furthermore, the governments of all the major economies are heavily investing in renewable sources of energy such as wind energy, assuring a sustainable demand for composite materials.
Profiling Key Companies –
- Gurit Holding AG
- Hexcel Corporation
- Kordsa Teknik Tekstil
- Park Aerospace Corp
- Solvay S.A.
- Toray Industries, Inc.
This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic’s impact and the industry’s economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
𝗞𝗲𝘆 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝗼𝗳 𝗥𝗲𝗽𝗼𝗿𝘁:-
- Assessment of the market
- Competitive Landscape
- COVID Impact Analysis
- Value Chain Analysis
- Historic Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
- Future Business Scope & Opportunities Forecast
Based on the end-use industry, Stratview research has segmented the market as aerospace & defense, automotive, wind energy, consumer goods, and others. Wind energy is expected to remain the largest segment of the market during the forecast period, driven by increasing wind turbine installations worldwide. The increasing wind blade length leads to the demand for a material with the high load-bearing property. Non-woven glass fiber prepreg-based wind turbine blades provide higher load-bearing capacity than woven prepreg-based blades and are highly suitable for longer wind blades. Rotor blades strengthened with fiberglass can achieve lengths of up to 80 meters/262 ft. and are used on land and offshore windmill systems.
Post severe decline in 2020, the automotive segment is anticipated to bounce back with a healthy pace in the years to come. Glass fiber prepreg is used in various automotive applications such as monocoque, hood, door panel, roof, body panels, leaf spring, and closures. The growing penetration of composite materials in the automotive industry is likely to give an impetus to the glass prepreg market.
Based on the resin type, we have classified the market as thermoset and thermoplastic glass fiber prepregs. Thermoset prepreg is likely to maintain its undeniable supremacy in the market during the forecast period. Thermoset prepregs have been enjoying a long and marvelous history in several industries such as aerospace & defense, wind energy, and automotive. They offer a broad range of favorable properties such as mechanical, chemical, and dimensional stability, low cost, and ease of processing and handling.
In terms of region, North America is projected to remain the largest market during the forecast period. North America is the largest manufacturing hub of prepreg, backed by key demand generators such as Aircraft OEMs (Boeing, Lockheed Martin Corporation, and Gulfstream Aerospace Corporation), Automotive OEMs (Ford, General Motors, and Fiat Chrysler), and Wind Turbine manufacturers (GE Power).
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Critical Questions Answered in the Report
- What are the key trends in the Glass Fiber Prepreg Market?
- How the market (and its various sub-segments) has grown in the last five years and what growth trajectory will it follow in the next five years?
- On what scale has COVID-19 impacted the Glass Fiber Prepreg Market?
- What are some key strategies adopted by the market leaders in the Glass Fiber Prepreg Market?
- How much share of the Glass Fiber Prepreg Market do the top players own?
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