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Glass Prepreg Market Trends

Report ID: GMI7073
Published Date: Oct 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

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.

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.

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.

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