Apr 13, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the High-Temperature Prepreg Market.

It was estimated prior to this unanticipated outbreak that the High-Temperature Prepreg Market is expected to expand at a healthy CAGR of 4.4% during 2021-2026, reaching a value of US$ 0.3 Billion by 2026. High-temperature prepregs are used for composite structures that are specifically designed for hostile temperature applications. Majorly used high-temperature prepregs are based on BMI, cyanate ester, and polyimide resin systems, which find extensive applications in the aerospace & defense, and transportation industries. The aerospace and defense industry accounts for a ginormous share of the market and any change in the industry is likely to cause similar ramifications on the high-temperature prepreg market.

For a more detailed breakdown of the COVID-19 impact on the High-Temperature Prepreg Market, request a free sample of the report here:

https://www.stratviewresearch.com/Request-Sample/391/High-Temperature-Prepreg-Market.html#form

In aerospace & defense, high-temperature prepregs are mainly used in primary and secondary structures where they can operate at temperatures reaching 350°C or above. Increasing penetration of composites in the aerospace & defense and automotive industries is chiefly driving the demand for high-temperature prepregs. Additionally, rising demand for fast-curing prepregs for mass-produced vehicles and longer wind blades, and superior performance of high-temperature prepregs further substantiate the ceaseless demand for high-temperature prepregs in the coming five years.

Also, the aircraft industry’s gradual shift towards the usage of a hotter aircraft engine in order to increase the propulsion rate and engine performance is creating a dire need for high-temperature prepregs in various aero-engine applications. Hot air engine duct is one such example, where high-temperature prepregs are gaining a considerable share. Analogously, the automotive industry is witnessing a similar trend. Engines are getting hotter and the under-the-hood space is getting squeezed in order to make the vehicle more compact. High-temperature prepregs are expected to play a vital role in the automotive industry as well to meet the increasing requirements from various automotive OEMs and tier players.

Click here for ToC of the report:

https://www.stratviewresearch.com/toc/391/High-Temperature-Prepreg-Market.html

Segment Analysis

Based on the resin type, we have segmented the market as BMI prepreg, cyanate ester prepreg, polyimide prepreg, thermoplastic prepregs, and other prepregs. BMI prepreg and polyimide prepreg are likely to capture a ginormous share of the market through 2026. They are also likely to act as the growth engines of the market in the foreseen future. BMI resins are extensively used in tooling prepreg applications. Furthermore, they are also gaining traction in military aircraft and commercial aircraft applications, such as engine, airframe, nacelle, thrust reverser, and duct applications. Composite parts fabricated using polyimide prepreg exhibit extremely high dimensional stability at elevated temperatures and can withstand continuous use up to 315°C (600°F) and intermittent use up to 480°C (900°F).

Based on the end-use industry type, the market has been segmented as aerospace & defense, transportation, and others. The aerospace & defense industry is accounting for an astronomical share in the market and is also likely to heal up from the pandemic’s impact at the highest rate. Despite the transient dent in the production rates of F-35, high-temperature composite-rich fighter aircraft, the aircraft is likely to be the thrust-bearer of the segment’s high-temperature prepreg demand in the long-term. Lockheed Martin’s F-35 is the best-selling 5th generation fighter aircraft, which incorporates high-temperature composite prepregs substantially. About 35% of the F-35 aircraft’s structural weight is composites, about 50% of which incorporates high-temperature prepregs. Lockheed Martin is estimating to manufacture about 120 aircraft in 2020 against its early projection of 141 aircraft.

Based on the curing type, Stratview Research has segmented the market as autoclave curing, out-of-autoclave curing, and others. Autoclave curing is projected to maintain its dominance in the market over the next five years. Aircraft’s primary structures, such as wings, fuselages, and empennage components, are mostly fabricated by using composite materials and cured through an autoclave process. The high pressure of autoclave ensures good mechanical properties and helps reduce void content. However, the aerospace industry is experiencing a gradual shift from autoclave curing to out-of-autoclave curing as it eliminates the need for expensive equipment and has no size-restraint.

Regional Insights

All regions are likely to endure massive downturns in 2020 due to the pandemic with Asia-Pacific expecting bouncing back with the fastest pace. Despite the excellent growth of Asia-Pacific, North America is projected to remain the largest market during the forecast period, driven by the presence of leading aircraft OEMs, aeroengine manufacturers, tier players, prepreg manufacturers, and raw material suppliers. The USA is the growth engine of the region’s market. Lockheed Martin has opened a new manufacturing facility to produce its high-temperature composite rich F-35 aircraft in Pinellas Park, Florida, the USA, to satisfy customer demands. There is a total un-filled order of more than 2,691 F-35 aircraft from 12 countries out of which the USA’s inventory objective is 2,456 F-35 aircraft.

Key Players:

Key players operating in the global High-Temperature Prepreg market are-

  • Solvay S.A.
  • Toray Industries, Inc.
  • Hexcel Corporation
  • Gurit Holding AG
  • Park Electrochemical Corporation
  • Teijin Limited.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The High-Temperature Prepreg analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

Know more about Stratview Research:

Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.

Need a detailed report? Get in touch with us: 

Stratview Research

E-mail: sales@stratviewresearch.com

Direct: +1-313-307-4176