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Major players operating in the glass prepreg industry include:
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.
The market size for glass prepreg was USD 5.1 billion in 2022 and is anticipated to register over 7.4% CAGR between 2023 and 2032.
Hexcel Corporation, Toray Industries, Inc., SGL Carbon, Teijin Limited, Gurit, Cytec Solvay Group, and Owens Corning.
The U.S. market size for glass prepreg generated a revenue of over USD 1.5 billion in 2022 and will witness development through 2032 as it is home to a robust aerospace and defense sector, which require high-performance materials for lightweight and durable components in aircraft, satellites, and military equipment.
Thermosetting segment was worth USD 3.5 billion in 2022 and will significantly grow through 2032 as they offer excellent mechanical properties, including high strength, stiffness, and impact resistance.