Carbon Fiber Prepreg Market Global Trend & Forecast Carbon Fiber Prepreg Market Global Trend & Forecas

Carbon Fiber Prepreg Market worth 7.20 Billion USD by 2021
The report "Carbon Fiber Prepreg Market by Resin Type (Epoxy, Phenolic, Bismaleimide, Cyanate Ester,
Thermoplastic), Manufacturing Process (Hot Melt, Solvent Dip), Application (Aerospace & Defense, Automotive,
Sports & Leisure, Wind) - Global Forecast to 2021", Published by MarketsandMarkets, The market was valued at
USD 3.86 Billion in 2015 and is projected to reach USD 7.20 Billion by 2021, at a CAGR of 11.0% between 2016 and
2021.
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Browse 86 market data tables and 62 figures spread through 171 pages and in-depth TOC on "Carbon Fiber
Prepreg Market"
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The carbon fiber prepreg market is driven by increasing demand for fuel efficient vehicles and growing use of
carbon fiber prepregs in aerospace & defense and wind applications. Moreover, increasing use of carbon fiber
prepregs for manufacturing sports goods, such as tennis rackets, bicycles, fishing rods, and golf shafts is also
driving the growth of the carbon fiber prepreg market, globally.
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Among resin types, the epoxy segment is leading the carbon fiber prepreg market, in terms of value.
The epoxy segment is leading the carbon fiber prepreg market, owing to increased use of epoxy resins in various
applications, such as aerospace & defense, automotive, sports & leisure, and wind, among others. Epoxy resin-
based carbon fiber prepregs offer high strength to weight ratio and increased resistance to heat, moisture, and
corrosion. They require less maintenance and offer high durability.
Among applications, the aerospace & defense segment is leading the carbon fiber prepreg market, in terms of
value and volume.
On the basis of application, the carbon fiber prepreg market has been segmented into aerospace & defense,
automotive, sports & leisure, wind, and others. The aerospace & defense application segment is leading the carbon
fiber prepreg market, in terms of value and volume. Carbon fiber prepregs are lightweight and offer resistance to
moisture, chemicals, and corrosion. They have increased operational stability at high temperatures in comparison
to materials made from other conventional materials, such as thermoset composites and metallic alloys. As such,
carbon fiber prepregs are being increasingly used in the aerospace & defense industry, which, in turn, is fueling the
growth of the aerospace & defense segment of the carbon fiber prepreg market.
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The North America carbon fiber prepreg market is projected to grow at the highest CAGR during the forecast
period, 2016 to 2021.