USD 13.1 billion
Prepreg Market Size, Share, and Growth Analysis
Prepreg Market By Product (Glass Fiber Prepreg, Carbon Fiber Prepreg), By Resin Type (Thermoset Prepreg, Thermoplastic Prepreg), By Weave Type, By Manufacturing Process, By Fiber Reinforcement Type, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15A2454 |
Region:
Global |
Published Date: February, 2025
Pages:
168
|Tables:
0
|Figures:
0
Format -
Prepreg Market Insights
Prepreg Market size was valued at USD 13.1 billion in 2023 and is poised to grow from USD 14.69 billion in 2024 to USD 36.62 billion by 2032, growing at a CAGR of 12.1% during the forecast period (2025-2032).
The market is expanding mainly due to the growing demand for prepregs brought on by the expansion of the automobile sector. For example, Ford Motor Company produces rear suspension knuckles utilising prepregs and other components. Additionally, in recent years, manufacturers have been using carbon fibre composite materials instead of e-glass for vehicles that are lighter and use less gasoline. Only highly specialised applications using techniques with low volume outputs are used in automobiles. Carbon composite materials are used in a wider variety of automotive constructions as a result of increased research and development in carbon fibre manufacturing firms.
Additionally, the growing demand for carbon fiber-reinforced plastic (CFRP) presents a significant opportunity for the prepreg sector. A carbon fibre that has been resin-impregnated is called a carbon prepreg. As a result, it is the material of choice for CFRP production. CFRP is used in walls, slabs, columns, and beams. Buildings, tunnels, parking structures, and bridges are among the many structurally flawed infrastructures that it is often utilised to upgrade and restore. Therefore, there has been a positive trend in the demand for carbon prepregs as the use of carbon fibre reinforced plastic has increased.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Thermoset
Fastest Growth
Thermoplastic
Growth Rate
12.1% CAGR
Global Prepreg Market ($ Bn)
Country Share by North America (%)
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Prepreg Market Segments Analysis
Global Prepreg Market is segmented by Product, Resin Type, Weave Type, Manufacturing Process, Fiber Reinforcement Type, Application and region. Based on Product, the market is segmented into Glass Fiber Prepreg, Carbon Fiber Prepreg and Aramid Fiber Prepreg. Based on Resin Type, the market is segmented into Thermoset Prepreg and Thermoplastic Prepreg. Based on Weave Type, the market is segmented into UD Prepreg and Fabric Prepreg. Based on Manufacturing Process, the market is segmented into Hot Melt and Solvent Dip. Based on Fiber Reinforcement Type, the market is segmented into Carbon Fiber Prepreg, Glass Fiber Prepreg, Aramid Fiber Prepreg and Other. Based on Application, the market is segmented into Aerospace and Defense, Wind Energy, Sporting Goods, Automotive, Electronics and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Resin Type
As per categorization by resin type, the market is classified as thermoset and thermoplastic. Among these, thermoset earned the largest share and continues to hold the dominant global prepreg market share. In the global prepreg market, the largest share is occupied by the thermoset segment, owing to the mechanical robustness, thermal stability, and longevity of the materials involved which are suitable for aerospace, automotive, and wind energy sectors. Novel approach aims at further enhancing performance and sustainability of the composite materials – resins particularly, introduction of bio-based thermosets. This is also owing to the incorporation of carbon and other high tech fibers into the composites enabling strong but light build upping structures. The economic advantage and the flexibility of use of thermoset prepregs also fortified their position in the market.
The thermoplastic segment is set to be the fastest-growing in the global prepreg market due to its superior recyclability, shorter processing times, and high impact resistance. These materials provide light weight but strong solutions, which are increasingly needed in the areas of aerospace, automotive, and consumer electronics. Their ability to be remelted and reshaped fits well with the objectives of sustainability and hence its growing usage within the environment compliance requirements. Product development of thermoplastic resins advancement, such as enhanced impact toughness, is broadening their use in high performance industries. In addition, high observation on low cost, high speed production of thermoplastic prepregs compared to other traditional methods of using thermosets promotes the growth of thermoplastic prepregs usage over that of traditional uses of thermosets.
Analysis by Fiber Type
The carbon segment dominates the global prepreg market due to its unparalleled strength-to-weight ratio, stiffness, and fatigue resistance, making it essential for high-performance applications in aerospace, automotive, and wind energy sectors. Focusing on carbon prepregs revolution means amending not only the architecture of the fibrous materials or resin application processes but also enhancing the use of bio- and recyclable thermosetting resins for the sake of ecology. The growing gyration towards lightweight materials in order to increase fuel efficiency and lower emissions is a key factor revenue range's growth. Structural characteristics and strength of critical components guarantee the use of carbon prepregs in every sector and hence their leading position in the prepreg over the other types of products.
The glass segment is poised to be the fastest-growing in the global prepreg market due to its cost-effectiveness, versatility, and excellent mechanical and thermal properties. Over the last few years, glass segment found great popularity in construction, wind energy and automotive industries where strength and durability at particular minimum price is paramount competition carbon prepregs. Such improvements in glass fibre technology as increased resin compatibility and use of hybrid composite materials are enhancing the potential of glass fibres in lightweight and high performance structures. Besides, the global shift towards encouraging the use of greener energy sources, and the expansion of infrastructure, further helps the development of glass prepregs, making it a material of choice in many sectors.
Global Prepreg Market By Type (%)
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Prepreg Market Regional Insights
North America dominates the global prepreg market due to its robust aerospace, defense, and automotive industries, which are key consumers of high-performance prepregs. The vibrant research and development (R&D) ecosystem prevalent in the region encourage innovation in advanced composite materials such as lightweight and tough prepregs which can be used for future applications. Rising investments in clean energy sources particularly in wind turbines increases the need for use of prepregs in structural parts. Government backing of clean energy policies, as well as the imposition of tough rules mandating for fuel economies and reduction of emissions, help in market expansion. Moreover, the availability of leading prepreg producers and the qualified labor secures competition and promotes the North American dominance in the global prepreg industry.
Europe is the fastest-growing region in the global prepreg market due to its aggressive focus on sustainability, lightweighting, and renewable energy adoption. The region's strong automotive and aerospace sectors drive demand for advanced prepregs to meet stringent emission and fuel efficiency regulations. Expanding wind energy projects, particularly in countries like Germany and Denmark, fuel the need for glass and carbon prepregs in turbine components. The growth of the region is also fuelled by technological developments and state policies promoting green energy and circular economy practices. Moreover, the vast research facilities in Europe, paired with the industry-academia collaboration, contribute to innovative solutions, thus turning Europe into the leading supplier of advanced prepreg technology.
Global Prepreg Market By Geography
- Largest
- Fastest
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Prepreg Market Dynamics
Prepreg Market Drivers
Increasing Demand for Lightweight Materials in industries
- The prepreg market on a global scale is propelled by the increasing demand for lightweight materials in aerospace and automotive industries – to increase efficiency and reduce carbon footprints. Pre-impregnated composites having a great strength to weight ratio are best suited to make light weight components that are required to meet mechanical loading and environmental concerns.
Expansion of Wind Energy Projects
- Access to alternative sources of energy, especially wind energy, has tremendously contributed to the global prepreg market. Prepregs have great performance capabilities which makes it easy to use them for manufacturing those blades. The use of these advanced materials is also enhanced by the government subsidies and further funding offered towards various renewable energy projects.
Prepreg Market Restraints
High Production Costs of Prepregs
- The prepreg industry is considerably restrained due to the excessive costs associated with the advanced raw materials and processes used in their manufacture. These costs discourage the use of prepregs by the small and medium scale manufacturers, often limiting the level of adoption of the market, especially in the low cost customer base sectors such as consumer products and general manufacturing.
Limited Recyclability of Thermoset Prepregs
- The recyclability issue of thermoset-based prepregs is expected to inhibit the growth of the market as the industrial sectors are more directed towards sustainability. Thermoset materials cannot be re-melted or spun into shape which raises issues regarding disposal as well as environmental concerns. This limits their use in areas where such systems of waste management and recycling are highly upheld, limiting the growth of the market.
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Prepreg Market Competitive Landscape
The global prepreg market is growing at an extraordinary pace with many key players venturing in innovation, sustainability, and partnerships to gain market share. Key companies are Hexcel Corporation, Toray Industries, Inc., Solvay SA, SGL Carbon, and Teijin Limited. These companies seek out advanced composite materials technologies for the aerospace automotive and renewable energy areas. Partnerships, product launches, and expansion activities remain as the main strategies to remain in the competition. New players also help by focusing on niche markets and providing less expensive prepreg products.
Top Players in Prepreg Market
- Hexcel Corporation (USA)
- Toray Industries, Inc. (Japan)
- Teijin Limited (Japan)
- Mitsubishi Chemical Holdings Corporation (Japan)
- SGL Group (Germany)
- Axiom Materials1 (USA)
- Gurit Holding AG (Switzerland)
- Park Aerospace Corp. (USA)
- Plastic Reinforcement Fabrics Ltd. (UK)
- Composite Resources Inc. (USA)
- Isola Group (USA)
- Koninklijke Ten Cate BV. (Netherlands)
- Renegade Materials Corporation (USA)
- Sunrez Corporation (USA)
- Ventec International Group (China)
- Yokohama Aerospace America Inc. (USA)
- Zoltek (Hungary)
- BASF (Germany)
Recent Developments
- In April 2024, Toray Industries developed a new carbon fiber prepreg with enhanced thermal conductivity and improved resin infusion properties. This innovation is aimed at the automotive and aerospace sectors, where lightweight, high-performance materials are essential. The company’s focus on sustainability also led to the integration of eco-friendly resin systems in their prepregs.
- In February 2024, Hexcel Corporation made a significant improvement in the process of producing carbon fiber prepregs – the production of these materials requires the use of green sources of energy. The new technology has decreased greenhouse gas emission by 30%, which is a great progress towards cleaner production. The focus of the company is on the aerospace and automotive industries, where eco friendliness and performance make innovations possible.
- In January 2024, Solvay SA introduced an advanced thermoplastic prepreg that offers faster curing times and greater recyclability compared to traditional thermoset materials. This development addresses the increasing requirements for sustainable performance composites, most especially in the automobile and wind energy industries. Prepregs of Solvay are engineered to improve the operational efficiency in large scale production activities.
Prepreg Key Market Trends
- Growing Demand for Sustainable Prepregs: A key market trend in the global prepreg market is the increasing demand for sustainable and recyclable prepreg materials. Biosourced resins, sustainable manufacturing methods as well as their use of recyclable materials are the current trends in most companies especially the aerospace, automotive and wind energy industries.
- Advancements in Automated Manufacturing Technologies: The global prepreg market outlook is seeing a shift towards automation in production processes, enhancing efficiency and reducing costs. Automation technologies such as automated fiber placement (AFP) and robotic systems are gaining traction, enabling manufacturers to produce high-quality prepregs at higher speeds and lower costs, thereby expanding market applications.
Prepreg Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global prepreg industry is on an upward trajectory and is expected to grow significantly owing to the demand for lightweight materials in several industries such as aerospace, automotive and wind energy. In addition, the growth is supplemented by innovations regarding carbon fiber and thermoplastic prepregs, automation, and sustainability.
Despite issues like exorbitant production costs and low recyclability of thermoset prepregs for the manufacturing industry, the prospects of the course remain appealing. The concentration on the research and development sector together with the increase in the funding towards the renewable energy sources and environmentally friendly methods of production guarantees that this industry will continue evolving as one of the key players in the prepreg owing to computing applications.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 13.1 billion |
| Market size value in 2032 | USD 36.62 billion |
| Growth Rate | 12.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Prepreg Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Prepreg Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Prepreg Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Prepreg Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Prepreg Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Prepreg Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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