Constant R&D coupled with innovation and implementation of new techniques in technologies are resulting in growth of different industries such as pharmaceutical, automotive, aviation, and others. Prepreg is widely used in these industries for smooth functioning. Prepreg are composite fibers that are pre-impregnated with a resin system such as thermoset or thermoplastic resin matrix in a certain amount. Unique properties of material is curated under high temperature and pressure, making it easy to use as a good fatigue resistant, environmental hazard as well as corrosion resistant. Manufactured by hot melt process and solvent dip process, prepreg are extensively used in planes, cars, sports equipment, and other various fields, the material has wide applications in various end-user vendors. Hence, due to huge demand of the material, the [FURL=https://www.industryarc.com/PressRelease/1680/Prepreg-Market-Research-Analysis.html]Prepreg Market[/FURL] revenue estimated as $7.73 billion globally in 2018, and the market is expected to grow at a CAGR of 10.5%, during the forecast period 2019-2025.According to the estimations of the International Trade Centre (ITC), trade value of epoxide resins, and polyacetals was evaluated as $65.57 billion by the end of 2018. The report further assessed that the global trade value recorded an increase of 16% in 2017-2018. It can be concluded that a substantial amount of this parent trade value contributed to prepreg market growth, as these are used extensively used in prepreg.
Browse Prepreg Market Report Link:
[FURL]https://www.industryarc.com/Report/15250/prepreg-market.html[/FURL]
Booming Prepreg Market Revenue in Europe.
In 2018, the European prepeg market held the largest share with almost 39% of the global market. The U.K., Germany, Spain, and other European countries are constantly developing their technologies and implementing the usage of prepreg in different verticals such as automotive, healthcare, motorsports, sports equipment, and others. These end-users of different verticals are contributing to the expansion of the prepreg market paving further opportunities for the market leaders in the next years.
Prepreg Market: Competitive Landscape
The key driving forces contribute to market growth and the market players holding major market shares are SGL Group (Wiesbaden, Germany), Gurit Holdings AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, U.S.), Toray Industries (Tokyo, Japan), Teijin Limited (Osaka, Japan), Royal TenCate N.V. (Almeo, The Netherlands), Hexcel Corporation (Connecticut, U.S.), Solvay (Brussels, Belgium), Mitsubishi Rayon Co. Ltd. (Tokyo, Japan), and Axiom Materials (California, U.S.).
Talk to one of our sales representatives about the full report by providing your details in the link below:
[FURL]www.industryarc.com/support.php?id=15250[/FURL]
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.