SAN FRANCISCO, October 25, 2016 /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. Increasing need for high-performance materials particularly in the automotive, aerospace and sporting goods sectors is expected to have a positive impact on the market over the next eight years. Environmental norms introduced by various agencies including the U.S. EPA and EU, to promote sustainable energy sources as opposed to conventional sources, particularly in North America and Europe, have led to rising number of wind power installations in these regions. This is expected to be one of the major factors propelling product need over the forecast period.
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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.
Various advantages of prepregs over its counterparts such as low void content, ease of use, high strength, and specific modulus, enhanced corrosion resistance and low thermal expansion coefficient makes it a key product in the manufacturing of numerous aerospace components. The rapid growth of the wind power industry in the Asia-Pacific is expected to fuel prepreg demand over the forecast period.
Browse full research report with TOC on "Prepreg Market Analysis By Fiber Type (Carbon, Glass, Aramid), By Resin Type (Thermoset, Thermoplastic), By Manufacturing Process (Hot-Melt, Solvent Dip), By Application (Aerospace & Defense, Wind Energy, Sporting Goods, Automotive) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/prepreg-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global prepreg market on the basis of product, application and region:
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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