London, 11 December 2015: Technavio, the independent tech-focused global research firm, has published a report on the global carbon fiber prepreg market 2015-2019, which is expected to grow at a CAGR of 11.58% during the forecast period of 2014-2019.
“Thermoset-based carbon fiber prepregs are widely used for the manufacture of wind turbines as these exhibit superior performance characteristics such as high strength-to-weight ratio and durability,” says Faisal Ghaus, Vice President of Technavio.
“The introduction of new low-cost carbon fiber prepregs for wind energy applications is expected to lead to the manufacture of wind turbine blades that are stronger, lighter, and longer, thereby create more energy compared to shorter blades.”
An increasing number of vendors in the global prepreg market are focusing on high performance products like carbon fiber, which have revolutionized the market owing to properties such as high stiffness and lower weight. Advances in prepreg processing methods such as the prepreg compression molding process will also facilitate greater adoption by automotive end-users
Key Market Drivers
- Increase in collaborations
- Strong demand from the aerospace sector
- Expansion of production capacities
- Introduction of new products
Key Market Trends
- Increasing demand for wind energy applications
- Technological advancements in manufacturing processes
- Growing consolidation
- Production of recycled products
Key Market Vendors
- Cytec
- Gurit
- Hexcel
- Mitsubishi Rayon
- SGL
- Teijin
- TenCate
- Toray
To define the market circumstances 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.
If you are interested in more information on this topic and our upcoming research on the Global Carbon Fiber Prepreg Market 2015-2019, please send an e-mail to media@TechNavio.com.
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