Glass Prepreg Market By - Product (Thermosetting, Thermoplastic), By Fiber Type (E-Glass Prepreg, S-Glass Prepreg), By Application (Aerospace and defense, Automotive, Wind energy, Electronics, Construction, Sporting goods) & Forecast, 2023 – 2032

Glass Prepreg Market Size

Glass Prepreg Market was valued at USD 5.1 billion in 2022 and is anticipated to register a CAGR of over 7.4% between 2023 and 2032. The aerospace and defense sectors use glass prepreg extensively in the manufacture of lightweight yet strong components for aircraft, spacecraft, and military equipment. The need for lightweight materials that can withstand high stress and extreme conditions drives demand. Glass prepreg is used in the manufacturing of wind turbine blades. As the wind energy industry continues to grow, the demand for glass prepreg materials for longer and more efficient wind turbine blades increases.
 

Glass prepreg is used in automotive applications to reduce the weight of vehicles, improve fuel efficiency, and enhance structural integrity. As automotive manufacturers seek lighter, more fuel-efficient vehicles, the demand for glass prepreg materials grows. The increasing demand for smaller and more powerful electronic devices, such as smartphones and laptops, drives the use of glass prepreg materials in the electronics sector.
 

The cost of raw materials, including glass fibers and resins, can be volatile. Fluctuations in material costs can impact profitability and pricing. Compliance with international regulations and industry standards is essential. Keeping up with changing regulatory requirements for safety and environmental concerns can be challenging.
 

COVID-19 Impact

Many glass prepreg manufacturers had to temporarily halt or slow down their production processes due to lockdowns, restrictions, and workforce safety concerns. This led to reduced output and delayed deliveries. Certain industries that are major consumers of glass prepreg, such as aerospace and automotive, experienced reduced demand during the pandemic due to travel restrictions, economic uncertainties, and supply chain disruptions in their respective sectors.
 

Glass Prepreg Market Trends

Sustainability was a prominent trend, with an increasing focus on developing eco-friendly prepreg materials. This included efforts to reduce waste, incorporate recycled materials, and improve production processes to minimize the environmental impact.
 

The automotive industry continued to seek lightweight materials to improve fuel efficiency and reduce emissions. Glass prepreg materials were being used to create lightweight components for vehicles. Research and development efforts were ongoing to create advanced glass prepreg materials with improved mechanical properties, resistance to environmental factors, and ease of use in various applications.

Glass Prepreg Market Analysis

Based on product, the market is divided into thermosetting {epoxy resin, phenolic resin, polyester resin}, thermoplastic {polyphenylene sulfide (PPS), polyetherimide (PEI), polyamide (PA)}. Thermosetting segment held the dominant market share of USD 3.5 billion in 2022. Thermosetting resins, such as epoxy, offer excellent mechanical properties, including high strength, stiffness, and impact resistance. These properties make them suitable for applications that require structural integrity and durability. Thermosetting resins are known for their high-temperature resistance. They maintain their structural properties at elevated temperatures, making them suitable for applications in which heat resistance is critical.

Based on fiber glass, the market is categorized into e-glass prepreg, s-glass prepreg, other. E-glass prepreg accounted for over 75% market share in 2022 and is projected to grow significantly through 2032. E-glass fibers are known for their high tensile strength and durability, making them suitable for applications requiring robust structural performance. E-glass prepreg materials are in demand in the aerospace and defense sectors, where they are used for lightweight, high-strength components, such as aircraft structures and military equipment.
 

North America dominated the global glass prepreg market in 2022. The automotive industry in North America is continually seeking ways to reduce vehicle weight to improve fuel efficiency. Within North America, the U.S. generated a revenue of over USD 1.5 billion in 2022. North America is home to a robust aerospace and defense sector. The demand for high-performance materials, such as glass prepreg, is driven by the need for lightweight and durable components in aircraft, satellites, and military equipment. In the automotive industry, there is a strong emphasis on reducing vehicle weight to improve fuel efficiency and meet emission standards.
 

Glass Prepreg Market Share

Major players operating in the glass prepreg industry include:

• Hexcel Corporation
• Toray Industries, Inc.
• SGL Carbon
• Teijin Limited
• Gurit
• Cytec Solvay Group
• Owens Corning

Hexcel Corporation and Toray Industries, Inc. are dominant players in the glass prepreg industry due to their vast product portfolio. Hexcel’s ecosystem integration, along with consistent innovation, have attracted millions of customers. Their brand recognition and exclusive content deals solidify their leadership in the highly competitive market.
 

Glass Prepreg Industry News

• In February 2020, Solvay Launched CYCOM EP2750, a high-rate compression molding prepreg, especially for aerospace primary structures. This technology combines advanced continuous fiber prepreg materials.
   

The glass prepreg market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, by product

• Thermosetting
• Epoxy resin
• Phenolic resin,
• Polyester resin

Market, by fiber type

• E-Glass Prepreg
• S-Glass Prepreg
• Other Glass Fiber Types

Market, by application

• Aerospace and defense
• Automotive
• Wind energy
• Electronics
• Construction
• Sporting goods
• Other

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • South Africa
  • Saudi Arabia