- The key vendors in the prepreg market in North America 2015-2019 are Cytec Industries Inc., Gurit Holding AG, Hexcel Corp., Royal Ten Cate NV, SGL Group, Toray Industries Inc. and Yokohama Aerospace America Inc.
London, 28 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the prepreg market in North America 2015-2019 One of the emerging trends in the market is the increasing popularity of thermoset carbon fiber prepregs (including unidirectional and fabric fibers) in new and traditional applications. Thermoset carbon fiber prepregs are being used extensively to manufacture interior components for Boeing and Airbus airplanes, and in the automotive industry to increase the fuel efficiency of high-end cars by reducing their weight. The prepreg market in North America is expected to grow at a fast pace during the forecast period of 2014-2019, posting a CAGR of 10.43%.
Increased demand for high-end luxury airplanes in the region is expected to boost market growth. Because of their light weight and corrosion resistance, glass fiber and carbon fiber prepregs are used extensively in the manufacture of interiors for the Boeing-787 aircraft, the fastest selling airplane in the world.
“The introduction of easier-to-use prepreg machinery and the development of newer processes for aerospace component manufacturing is a major boon for manufacturers in North America,” says Faisal Ghaus, Vice President of Technavio Research.
“Prepreg manufacturers are investing in the R&D of newer processes to automate mass production of large prepreg components for use in the aerospace and defense industries, including a vacuum-bag-only technique for limiting the void content to 1% in end-products.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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