Glass Fiber for the Prepreg Market Trends and Forecast
The future of glass fiber for the global prepreg market looks promising with opportunities in the transportation, marine, wind energy, aerospace & defense, construction, and sporting good markets. The glass fiber for the global prepreg market is expected to grow with a CAGR of 4.0% from 2024 to 2030. The major drivers for this market are continuous research and development in glass fiber manufacturing processes and resin systems, growing demand for lightweight, durable, and high-strength materials, and increasing awareness of environmental sustainability and concerns about carbon footprint.
• Lucintel forecasts that epoxy is expected to witness the highest growth over the forecast period.
• Within this market, transportation will remain the largest segment.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook of Glass Fiber for the Prepreg Market
• USA - Hexcel announces investment in R&D for advanced glass fiber for the prepreg solutions, aiming to meet government targets for lightweight materials in aerospace applications. Company targets enhanced performance and sustainability in composite manufacturing.
• China - Jushi Group expands production capacity for glass fiber for the prepreg to support government initiatives for automotive lightweighting. Targets include improving product quality and efficiency to meet growing demand from domestic and international markets.
• Germany - SGL Carbon collaborates with automotive manufacturers to develop innovative glass fiber for the prepreg composites, aligning with government goals for reducing vehicle emissions. Company aims to enhance product performance and cost-effectiveness to meet industry targets for sustainability.
• India - Asahi India Glass partners with government agencies to promote the adoption of glass fiber for the prepreg in infrastructure projects. Targets include increasing market penetration and enhancing product innovation to support national initiatives for sustainable development and construction.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Glass Fiber for the Prepreg Market by Segment
The study includes a forecast of glass fiber for the global prepreg market by manufacturing process, resin type, prepreg type, application, and region.
Glass Fiber for the Prepreg Market by Manufacturing Process [Value from 2018 to 2030]:
• Hot Melt
• Solvent Dip
Glass Fiber for the Prepreg Market by Resin Type [Value from 2018 to 2030]:
• Epoxy
• BMI
• Phenolic
• Cynate Ester
• Thermoplastics Prepreg
Glass Fiber for the Prepreg Market by Prepreg Type [Value from 2018 to 2030]:
• Thermoset Prepreg
• Thermoplastic Prepreg
Glass Fiber for the Prepreg Market by Application [Value from 2018 to 2030]:
• Transportation
• Marine
• Wind Energy
• Aerospace & Defense
• Construction
• Sporting Goods
• Others
Glass Fiber for the Prepreg Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Glass Fiber Companies for the Prepreg Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies glass fiber companies for the prepreg market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of glass fiber companies for the prepreg market profiled in this report include-
• Owens Corning
• Jushi Group
• Chongqing Polycomp
• Taishan Fiberglass
• Taiwan Glass Group
• Nippon Electric Glass
• Sichuan Weibo
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki
Recent Development in Glass Fiber for the Prepreg Market
Hexcel: Introduces a new line of high-performance glass fiber for the prepreg materials, optimized for aerospace applications to meet stringent industry standards for lightweight and durable composites.
Jushi Group: Invests in research and development to enhance the mechanical properties and processing efficiency of glass fiber for the prepreg, targeting diverse applications in automotive and marine industries.
SGL Carbon: Collaborates with leading automotive manufacturers to develop specialized glass fiber for the prepreg composites, aiming to improve fuel efficiency and reduce emissions in next-generation vehicles.
Asahi India Glass: Launches initiatives to expand its product portfolio of glass fiber for the prepreg, catering to the growing demand for high-performance reinforcement materials in construction and infrastructure projects.
Features of Global Glass Fiber for the Prepreg Market
Market Size Estimates: Glass fiber for the prepreg market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Glass fiber for the prepreg market size by various segments, such as manufacturing process, resin type, prepreg type, application, and region in terms of value ($B).
Regional Analysis: Glass fiber for the prepreg market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different manufacturing processes, resin types, prepreg types, applications, and regions in glass fiber for the prepreg market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of glass fiber for the prepreg market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the growth forecast for glass fiber for the prepreg market?
Answer: The glass fiber for the global prepreg market is expected to grow with a CAGR of 4.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the glass fiber for the prepreg market?
Answer: The major drivers for this market are continuous research and development in glass fiber manufacturing processes and resin systems, growing demand for lightweight, durable, and high-strength materials, and increasing awareness of environmental sustainability and concerns about carbon footprint.
Q3. What are the major segments of glass fiber for the prepreg market?
Answer: The future of glass fiber for the global prepreg market looks promising with opportunities in the transportation, marine, wind energy, aerospace & defense, construction, and sporting good markets.
Q4. Who are the key glass fiber companies for the prepreg market?
Answer: Some of the key glass fiber companies for the prepreg market are as follows:
• Owens Corning
• Jushi Group
• Chongqing Polycomp
• Taishan Fiberglass
• Taiwan Glass Group
• Nippon Electric Glass
• Sichuan Weibo
• 3B the Fiber Glass Company ( Goa Glass Fiber)
• Johns Manville Corporation
• Nitto Boseki
Q5. Which glass fiber for the prepreg market segment will be the largest in future?
Answer: Lucintel forecasts that epoxy is expected to witness the highest growth over the forecast period.
Q6. In glass fiber for the prepreg market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities in glass fiber for the prepreg market by manufacturing process (hot melt and solvent dip), resin type (epoxy, BMI, phenolic, cynate ester, and thermoplastics prepreg), prepreg type (thermoset prepreg and thermoplastic prepreg), application (transportation, marine, wind energy, aerospace & defense, construction, sporting goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Glass Fiber for the Prepreg Market Market, Glass Fiber for the Prepreg Market Market Size, Glass Fiber for the Prepreg Market Market Growth, Glass Fiber for the Prepreg Market Market Analysis, Glass Fiber for the Prepreg Market Market Report, Glass Fiber for the Prepreg Market Market Share, Glass Fiber for the Prepreg Market Market Trends, Glass Fiber for the Prepreg Market Market Forecast, Glass Fiber for the Prepreg Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.