Glass Fiber Prepreg Market: Global Industry Analysis and Forecast (2022-2029)

Glass Fiber Prepreg Market was valued at US$ 2.2 Bn. in 2021. Global Glass Fiber Prepreg Market size is expected to grow at a CAGR of 3.8 % through the forecast period.

Glass Fiber Prepreg Market Overview:

Fiber Prepreg is a type of reinforced semi-finished plastic material with resin as a base. There are various types of fiber available in the market such as Copper fiber, Glass fiber, and other fibers. The development in the market of aerospace, automotive, and energy has anticipated the growth of the glass fiber prepreg market. Furthermore, the advantage of using glass fiber prepreg includes maximum strength properties, part uniformity and repeatability, less curing time, less mess, less waste, and so on. Also, the cost of fiber prepreg has not increased much. In contrast, the price of its material such as glass fiber and resin falling because of the overburdened market.To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and analysis, especially with the impact of lockdown by region.

Glass Fiber Prepreg Market Dynamics:

Market Drivers: Growing demand for the Automobile market: Glass fiber prepreg is a tough composite with excellent mechanical properties. In recent years, the use of glass fiber prepreg has expanded because of the growing need for lightweight automobiles. Stiffness and strength, strong heat and corrosion resistance, electrical and chemical characteristics, and significant weight savings over metals are all features of glass fiber prepreg. Sports goods, aircraft primary structures, load-carrying structures, and vehicles have all increased their demand for glass fiber prepreg. Because of the benefits, most automotive manufacturers have recently shifted to high-performance composites. Glass fiber prepregs can help reduce program costs while improving energy efficiency, lowering vehicle emissions, and increasing safety. Increasing demand for Glass Fiber Prepreg: As demand for wind energy develops, the industry is expected to grow more. Other considerations include an increase in the use of glass fiber prepregs in the electronic and aerospace industries will boost the market growth of the glass fiber prepregs market during the forecast period. The market for glass fiber prepreg will grow at a faster rate as the number of applications for high-performance composites grows. Furthermore, the rising demand for lightweight automobiles is expected to boost market value. Growing knowledge of its benefits, such as enhanced energy efficiency, lower vehicle emissions, and increased safety at lower program costs, is expected to drive Glass Fiber Prepreg market growth. Market Opportunities: Technological Advancements and Shift towards high-performance composites Furthermore, technological improvements in automobiles in developing areas provide profitable prospects for market competitors through the forecast period. Additionally, the top players are increasingly focusing on high-performance composites, which would boost the glass fiber prepreg market's future growth.

Glass Fiber Prepreg Market Segment Analysis:

Based on the Product Type, the Glass Fiber Prepreg Market is segmented into Epoxy Resin System and Phenolic Resin System. Epoxy Resin System is known for its strong adhesive properties. It offers resistance to heat and chemical agents which makes it an ideal system for Glass Fiber Prepreg products. In addition, it protects against dust and helps to provide a stronghold under pressure to Glass Fiber Prepreg products. Furthermore, its use in the making of aerospace and automotive devices makes it one of the prominent systems for Glass Fiber Prepreg products. Phenolic resins are also known as phenolic formaldehyde resin which is a synthetic polymer. There are two types of phenolic resins available in the market viz. phenolic novolac resins and phenolic resol resins. Only phenolic novolac resin is used for glass fiber prepreg products because of its physical and structural properties. Furthermore, it is anticipated that phenolic formaldehyde resin drives the growth of the Glass Fiber Prepreg Market over the forecast period because of its price and safer processing of phenolic parts. Based on the Application, the Glass Fiber Prepreg Market is segmented into Wind energy, automotive, aerospace, and others. In terms of value, the automotive glass fiber prepreg segment is the fastest-growing segment in the glass fiber prepreg market. To reduce CO2 emissions, the automotive industry is subjected to stringent regulations. As a result, automotive manufacturers are increasingly inclined to produce lightweight vehicles using composites such as prepregs. Wind energy is the largest application segment and the second-fastest-growing application segment. Glass Fiber Prepregs are primarily used in wind blades to provide structural strength and corrosion resistance. It is a promising sector because it is environmentally friendly, and its demand is expected to increase in the future. Environmental concerns, particularly in China and India, are expected to drive growth.

Glass Fiber Prepreg Market Regional Insights:

The Asia-Pacific region dominated the market with a 30% share in 2021. The wind energy segment of the Asia-Pacific market is expanding as a result of government support and the region's growing demand for electricity. Increased consumption of electronic goods has also increased demand for glass fiber prepregs, which are used in the PCBs of electronic goods. The presence of key players in the Asia Pacific region increases the growth rate of the Glass Fiber Prepregs Market. North America and Europe are anticipated to show high growth in the Glass Fiber Prepregs Market over the forecast period because of the increase in demand for aerospace devices. Furthermore, the growing need for the development of modernization of glass fiber prepregs implements is expected to open up new opportunities for the Glass Fiber Prepregs Market during the forecast period. The objective of the report is to present a comprehensive analysis of the Glass Fiber Prepregs Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Glass Fiber Prepregs Market dynamic, and structure by analyzing the market segments and projecting the Glass Fiber Prepregs Market size. Clear representation of competitive analysis of key players by product type, price, financial position, product portfolio, growth strategies, and regional presence in the Glass Fiber Prepregs Market make the report investor’s guide.

Glass Fiber Prepreg Market Scope: Inquiry Before Buying

Glass Fiber Prepreg Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 2.2 Bn.
Forecast Period 2022 to 2029 CAGR: 3.8% Market Size in 2029: US$ 2.96 Bn.
Segments Covered: by Product Type • Epoxy Resin System • Phenolic Resin System
by Application • Wind energy • Automotive • Aerospace

Glass Fiber Prepreg Market by Region

• North America • Europe • The Asia Pacific • South America • The Middle East and Africa

Glass Fiber Prepreg Market Key Players

• Owens Corning • SAERTEX GmbH & Co. • KG Jushi Group Co., Ltd • PPG Industries Inc. • Johns Manville • Saint-Gobain Adfors • Ahlstrom Oyj • Nippon Electric Gas • Chongqing Polycomp International Corp. • lasstex Fiberglass • PFG Fiber Glass Corp. • Taishan Glass Fiber Inc. • Xingtai Jinniu Glass Fiber Co., Ltd. • KCC Corporation Sejong Plant. • Xingtai Jinniu Fiberglass Co., Ltd. • Schuller GmbH, A Berkshire Hathaway Company • Asahi Glass Co., Ltd. • Knauf Insulation Frequently Asked Questions: 1. Which region has the largest share in Global Glass Fiber Prepreg Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Glass Fiber Prepreg Market? Ans: The Global Glass Fiber Prepreg Market is growing at a CAGR of 3.8% during forecasting period 2022-2029. 3. What is scope of the Global Glass Fiber Prepreg market report? Ans: Global Glass Fiber Prepreg Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Glass Fiber Prepreg market? Ans: The important key players in the Global Glass Fiber Prepreg Market are – Owens Corning, SAERTEX GmbH & Co., KG Jushi Group Co., Ltd, PPG Industries Inc., Johns Manville, Saint-Gobain Adfors, Ahlstrom Oyj, Nippon Electric Gas, Chongqing Polycomp International Corp., lasstex Fiberglass, PFG Fiber Glass Corp., Taishan Glass Fiber Inc., Xingtai Jinniu Glass Fiber Co., Ltd., KCC Corporation Sejong Plant., Xingtai Jinniu Fiberglass Co., Ltd., Schuller GmbH, A Berkshire Hathaway Company, Asahi Glass Co., Ltd., and Knauf Insulation 5. What is the study period of this market? Ans: The Global Glass Fiber Prepreg Market is studied from 2021 to 2029.
1. Glass Fiber Prepreg Market Size: Research Methodology 2. Glass Fiber Prepreg Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Glass Fiber Prepreg Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Glass Fiber Prepreg Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • The Asia Pacific • South America 3.12. COVID-19 Impact 4. Glass Fiber Prepreg Market Size Segmentation 4.1. Glass Fiber Prepreg Market Size, by Product Type (2021-2029) • Epoxy Resin System • Phenolic Resin System 4.2. Glass Fiber Prepreg Market Size, by Application (2021-2029) • Wind energy • Aerospace • Automation • Others 5. Asia Pacific Glass Fiber Prepreg Market (2021-2029) 5.1. Asia Pacific Glass Fiber Prepreg Market Size, by Product Type (2021-2029) • Epoxy Resin System • Phenolic Resin System 5.2. Asia Pacific Glass Fiber Prepreg Market Size, by Application (2021-2029) • Wind energy • Aerospace • Automation • Others 5.3. Asia Pacific Glass Fiber Prepreg Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 6. European Glass Fiber Prepreg Market (2021-2029) 6.1. European Glass Fiber Prepreg Market, by Product Type (2021-2029) 6.2. European Glass Fiber Prepreg Market, by Application (2021-2029) 6.3. European Glass Fiber Prepreg Market, by Country (2021-2029) • The UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. North America Glass Fiber Prepreg Market (2021-2029) 7.1. North America Glass Fiber Prepreg Market, by Product Type (2021-2029) 7.2. North America Glass Fiber Prepreg Market, by Application (2021-2029) 7.3. North America Glass Fiber Prepreg Market, by Country (2021-2029) • The United States • Canada • Mexico 8. The Middle East and Africa Glass Fiber Prepreg Market (2021-2029) 8.1. The Middle East and Africa Glass Fiber Prepreg Market, by Product Type (2021-2029) 8.2. The Middle East and Africa Glass Fiber Prepreg Market, by Application (2021-2029) 8.3. The Middle East and Africa Glass Fiber Prepreg Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Glass Fiber Prepreg Market (2021-2029) 9.1. South America Canned Fiber Prepreg Market, by Product Type (2021-2029) 9.2. South America Glass Fiber Prepreg Market, by Application (2021-2029) 9.3. South America Glass Fiber Prepreg Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Owens Corning 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. SAERTEX GmbH & Co. KG Jushi Group Co., Ltd. 10.3. PPG Industries 10.4. Johns Manville 10.5. Saint-Gobain Adfors 10.6. Ahlstrom Oyj 10.7. Nippon Electric Gas 10.8. Chongqing Polycomp International Corp. 10.9. lasstex Fiberglass 10.10. PFG Fiber Glass Corp. 10.11. Taishan Glass Fiber Inc. 10.12. Xingtai Jinniu Glass Fiber Co., Ltd. 10.13. KCC Corporation Sejong Plant. 10.14. Schuller GmbH, A Berkshire Hathaway Company 10.15. Asahi Glass Co., Ltd. 10.16. Knauf Insulation, North America Headquarters
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