LONDON–(BUSINESS WIRE)–The prepreg market is expected to grow by USD 1.84 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the prepreg market in optimistic, probable, and pessimistic forecast scenarios.
The prepreg market will witness neutral growth during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
Enterprises will go through Response, Recovery and Renew phases. Download free report sample
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Prepreg Market Participants:
Celanese Corp.
Celanese Corp. operates its business under various segments such as engineered materials, acetate tow, and acetyle chain. The company offers Celstran CFR-TP, which is a continous fiber-reinforced product with a thermoplastic matrix that is designed for increasingly demanding components requirements that filled or short fiber-reinforced thermoplastics are unable to meet and where metals are no longer an option.
Gurit Holding AG
Gurit Holding AG operates its business under four segments, which include the Gurit Tooling, Gurit Kitting, Gurit Composite Materials, and Gurit Aerospace. The company offers SPRINT materials that consist of a layer of fibre reinforcement on either side of a pre-cast, pre-catalyzed resin film with a very lightweight tack film on one face.
Hexcel Corp.
Hexcel Corp. has business operations under composite materials and engineered products segments. Hexcel provides a range of prepregs under the HexPly trademark for aerospace and industrial applications, using specially formulated epoxy, phenolic, and BMI resin matrix systems.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: www.technavio.com/report/prepreg-market-industry-analysis?
Prepreg Market 2020-2024: Segmentation
Prepreg market is segmented as below:
-
Type
- Carbon Fiber
- Glass Fiber
- Aramid Fiber
-
Application
- Aerospace And Defense
- Wind Energy
- Automotive
- Others
-
Geographic Landscape
- North America
- Europe
- APAC
- South America
- MEA
The prepreg market is driven by wind power capacity additions. In addition, other factors such as demand for lightweight materials in the automotive sector are expected to trigger prepreg market toward witnessing a CAGR of over 6% during the forecast period.
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Market Drivers
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Vendor Landscape
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- Vendor classification
- Market positioning of vendors
- Competitive scenario
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