High-Temperature Prepreg Market to Reach US$ 538 Million in 2024, Aerospace & Defense to Remain the Most Dominant Industrial Segment, Says a Leading Composites Market Intelligence Company Stratview Research

High-Temperature Prepreg Market to Reach US$ 538 Million in 2024, Aerospace & Defense to Remain the Most Dominant Industrial Segment, Says a Leading Composites Market Intelligence Company Stratview Research

PR Newswire

DETROIT, October 16, 2018

DETROIT, October 16, 2018 /PRNewswire/ --

Stratview Research announces the launch of a new research report on High-Temperature Prepreg Market by Resin Type (BMI Prepreg Cyanate Ester Prepreg, Polyimide Prepreg, Thermoplastic Prepreg, and Others), by End-Use Industry Type (Aerospace & Defense, Transportation, and Others), by Reinforcement Type (Fabric Prepreg and Unidirectional Prepreg), by Curing Type (Autoclave, Out-of-Autoclave, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.

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This report, from Stratview Research, studies the high-temperature prepreg market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

High-Temperature Prepreg Market: Highlights  

High-temperature prepregs are majorly used in the aerospace & defense and transportation industries. In aerospace & defense, they are mainly used in primary and secondary structures so that they can operate at temperatures reaching 350°C or above. The material currently occupies less than 1% of the total prepreg market in terms of both value and volume but is expected to witness a higher growth as compared to the overall prepreg market in the foreseen future. Major prepreg manufacturers are increasingly focusing on high-temperature prepregs to gain the leading position in the segment.

As per Stratview Research, the global high-temperature prepreg market is projected to grow at an impressive rate over the next five years to reach US$ 538.0 million in 2024. Increasing penetration of composites in the aerospace & defense and automotive industries is chiefly driving the demand for high-temperature prepregs. Furthermore, increasing use of high-temperature-resistant composites for the construction of structural applications coupled with increasing production rates of the next-generation fighter aircraft, F-35, substantiates the growth of the market. Additionally, rising demand for fast-curing prepregs for mass-produced vehicles and longer wind blades, and superior performance benefits of high-temperature prepregs assure higher growth of high-temperature prepregs than the overall prepregs market in the coming five years.

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The aircraft industry is witnessing a gradual change towards usage of a hotter engine to increase its performance and the propulsion rate. This is creating a dire need for high-temperature prepregs in various aero engine applications. Hot air engine duct is one such example, where high-temperature prepregs are gaining a considerable share to fulfill the industry demand. A similar trend has been noticed in the automotive industry as well. Engines are getting hotter and under-the-hood space is getting squeezed to make vehicles more compact. High-temperature prepregs are expected to play a vital role in the automotive industry as well to meet the increasing requirement from various automotive OEMs and tier players.

Aerospace & defense is likely to remain the most dominant industrial segment during the forecast period. Increasing production rates of high-temperature composite rich fighter aircraft: F-35, is likely to give the impetus to the demand for high-temperature prepregs in the industry. Lockheed Martin's F-35 is the best-selling 5th generation fighter aircraft, which incorporates high-temperature composite prepregs substantially. About 35% of the F-35 aircraft's structural weight is composites and about 50% of which is made up of high-temperature prepregs.

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The research's findings suggest that autoclave curing is projected to maintain its dominance in the market over the next five years. Aircraft primary structures, such as wings, fuselages, and empennage components, are mostly fabricated by using composite materials and cured through an autoclave process. High pressure of autoclave ensures good mechanical properties and helps reduce void contents. Out-of-autoclave and other segments are also likely to witness healthy growth rates in the market during the forecast period.

In terms of region, North America is projected to remain the largest market for high-temperature prepregs during the forecast period, driven by the presence of leading aircraft OEMs, aeroengine manufacturers, tier players, prepreg manufacturers, and raw material suppliers. Europe is projected to remain the second largest market in the same period. Dassault Aviation, BAE Systems, and Airbus Group are some of the key OEMs in the region, which are driving the demand for the material in the European market.

Key high-temperature prepreg manufacturers include Solvay S.A., Koninklijke TenCate nv, Hexcel Corporation, Gurit Holding AG, Park Electrochemical Corporation, and Renegade Material Corporation. Development of low-cost high-temperature prepregs with ease of manufacturing process, improvement in performance, and forming strategic alliances are the key strategies adopted by the players to gain a competitive edge in the market.

Report Features 

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

This report studies the global thermoplastic prepreg market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:

High-Temperature Prepreg Market, By Resin Type 

High-Temperature Prepreg Market, By End-Use Industry Type 

High-Temperature Prepreg Market, By Reinforcement Type 

High-Temperature Prepreg Market, By Curing Type 

High-Temperature Prepreg Market, By Region 

Stratview Research has several high value market reports in the chemicals and materials industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Chemicals & Materials Industry

Related premium market report in the composites industry are: 

Out-of-Autoclave (OOA) Prepreg Market by End-Use Industry Type, by Product Form Type, by Reinforcement Type, by Matrix Type, and by Region, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
Thermoplastic Prepreg Market by End-Use Industry Type, by Resin Type, by Fiber Type, by Product Form Type, by Process Type, and by Region, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023

About Stratview Research  

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.  

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