Prepreg Market Size Worth $12.48 Billion by 2024 | CAGR: 10.0%: Grand View Research, Inc.

Prepreg Market Size Worth $12.48 Billion by 2024 | CAGR: 10.0%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, May 14, 2018

SAN FRANCISCO, May 14, 2018 /PRNewswire/ --

The global prepreg market is expected to reach USD 12.48 billion by 2024, according to a new report by Grand View Research, Inc. The rapidly growing demand for high-performance materials in the automotive, aerospace, and sporting goods sectors is expected to drive the market demand over the next eight years.

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Presence of stringent regulations laid by agencies such as the U.S. EPA and EU for the promotion of sustainable energy sources as opposed to conventional sources, particularly in North America and Europe, has led to a rising number of wind mill installations in these regions. This is also expected to have significant impacts on the product demand over the forecast period.

Enhanced mechanical properties including short curing time, longer life span, high strength and superior machinability are expected to have a positive impact on product demand in the automotive as well as the aerospace industries.

Properties such as low void content, ease of use, high strength, and specific modulus, enhanced corrosion as well as environmental resistance and low thermal expansion coefficient offered by the material, has led to a high demand for the product in the manufacturing of aerospace components. The growth of the aerospace industry in the U.S. is expected to fuel product demand over the forecast period.

Browse full research report with TOC on "Prepreg Market Size, Share & Trends Analysis Report By Fiber Type (Carbon, Glass), By Resin Type (Thermoset, Thermoplastic), By Manufacturing Process, By Application, And Segment Forecasts, 2018 - 2024"at: https://www.grandviewresearch.com/industry-analysis/prepreg-market

Further Key Findings From the Report Suggest: 


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Grand View Research has segmented the global prepreg market on the basis of fiber type, resin type, manufacturing process, application and region: 


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About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Grand View Research, Inc
Phone: +1-415-349-0058
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