Absolute Markets Insights offers its latest published report ‘Glass Fiber Prepreg Market By Resin Type (Thermoset, Thermoplastics and Others), By Applications (Aerospace & Defense, Wind Turbines, Automotive, Consumer Goods and Others); By Production Process (Autoclave, Press, Oven and Others); by Regional Outlook (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 - 2026’. The author of the report analyzed that the global glass fiber prepreg market stood at US$ 1160.5 Mn in 2016.  Glass fiber prepregs are used in several industries including automotive, aviation, leisure equipment, electronics, shipping, insulation, piping and others. The glass prepregs are used in applications where lightweight materials with high tensile strength are required. Other benefits include corrosion resistance, ease to shape, integration of functions, durability and overall cost savings. The properties of the glass can be changed by changing the mix of the components with different minerals, which will result in variety of glasses for varied applications. E-glass (with good electrical insulation properties) is a commonly used glass in the glass fiber market.

Purchase the complete report titled “Glass Fiber Prepreg Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 - 2026” at https://www.absolutemarketsinsights.com/reports/Glass-Fiber-Prepreg-Market-2018-2026-120

In addition to the strength and weight of the glass fiber prepregs is high as compared to its substitutes. The demand of glass fiber prepreg in the automotive industry especially in the emerging nations is a major driving factor for the growth of the industry.

Demand from Automotive Industry in Anticipated to Drive the Market Growth During the Forecast Period, 2018 - 2026

The increase in the consumption and manufacture of vehicles globally, especially in the emerging nations is anticipated to drive the overall growth of the glass fiber prepreg market. It is used in interior headliners, bumper beams, underbody system and instrumental panels. The demand for reinforced materials is also growing in high performance vehicle components such as hoods and chassis as well as wheels and roofs. In the emerging economies, the marine industry is flourishing as well. Hence, boat manufacturers are also gaining the benefits of the reinforcement materials for several components. 

Asia Pacific Expected to Show the Highest Growth During the Forecast Period, 2018 - 2026

Asia Pacific is anticipated to be the fastest growing market for glass fiber prepreg with the total volume generated to be 24.3 kilo tons in 2016 and is expected to reach 35.9 kilo tons by 2021, expanding at a CAGR of 8.2% during the forecast period. The increasing demand for glass fiber prepreg from the building & construction industry in emerging economies such as China, Japan and India is boosting the growth of glass fiber prepreg market in this region. In addition, the growing demand for vehicles is also a driving factor.

Glass Fiber Prepreg Market is Fragmented with the Presence of Global and Regional Players  

Some of the key participants in global glass fiber prepreg market are Axiom Materials, Inc., Cytec Solvay Group, Gurit, Hexcel Corporation, Teijin Limited, SHD Composite Materials Ltd., KREMPEL GmbH, Toray Industries, Inc., Mitsubishi Rayon Co., Ltd. And Koninklijke Ten Cate nv amongst others. Japanese carbon fiber and composite supplier Toray Industries, Inc. has finalized the acquisition of Netherlands firm Koninklijke Ten Cate B.V., effectively acquiring its subsidiary, Ten Cate Advanced Composites Holding B.V., a leading fiber composite material manufacturer. Ten Cate Advanced Composites, a prepreg manufacturer with its main manufacturing bases in Europe and the U.S., is engaged in supply of thermoplastic prepreg and high heat resistance thermoset resin composites to the aerospace and other sectors.

Global Glass Fiber Prepreg Market - By Resin Type

• Thermoset
  • Epoxy
  • Polyester
  • Vinyl Ester
  • Others
• Thermoplastics
  • Polyamide
  • Polypropylene
  • Polybutylene Terephthalate
  • Polycarbonate
  • Others
• Others

Global Glass Fiber Prepreg Market - By Application

• Aerospace & Defense
• Wind Turbines
• Automotive
• Consumer Goods
• Others

Global Market By Production Process

• Autoclave
• Press
• Oven
• Others

Global Market By Region

• North America
  • U.S.
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific
• Middle East and Africa
  • GCC Countries
  • Southern Africa
  • Rest of Middle East and Africa
• Latin America
  • Brazil
  • Rest of Latin America