This growth will be driven by demand from high performance end-use industries such as aerospace, industrial, recreational/sports, wind energy, and defence, notes the report Prepreg (Pre-impregnated Composite Fibers): A Global Strategic Business Report.

In the near future, prepreg applications in commercial aerospace and wind energy will dominate the market, followed by civil engineering and general aviation, the report notes. A significant number of prepreg manufacturers are expanding existing facilities and opening new units to meet this demand. 

The US is the largest prepreg market owing to huge demand in the aerospace market from the military/defence and commercial sectors, the study notes. In terms of growth potential, the Asia-Pacific market (led by China and India) is forecast to lead the way.

According to the report, the future holds robust potential for prepregs that exhibit longer shelf life without requiring refrigeration, as well those that can be cured at room temperature or using only heat lamps.

Key prepreg market players covered in the report include Advanced Composites Group, Cytec Industries, Gurit, Hexcel, Isola, Taconic, Tencate, Toray, and Yokohama Aerospace America.