Dublin, March 12, 2021 (GLOBE NEWSWIRE) — The “Carbon Fiber Prepreg Market by End-Use Industry Type, by Resin Type, by Form Type, by Curing Type, by Product Type, and by Region, Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The carbon fiber prepreg market is expected to mark a massive decline in 2020. The short-term impact on the market is evident in major players’ H1 2020 results with a massive plunge in revenue, huge loss, employee layoffs, cash-burnouts, production halt, etc. Nevertheless, the long-term outlook still seems hopeful with a gradual rebound in aircraft and automobile production, ultimately imprinting a positive impact on the market. Carbon prepreg accounts for more than a mammoth 80% of the total prepreg market. The publisher’s estimates suggest that the market is likely to pick up pace in the years to come to reach an estimated value of US$ 4.9 billion in 2026. The slumping production rate of composite-rich aircraft, B787 and A350XWB is acting as one of the prime reasons behind the market’s delayed recuperation.
Carbon fiber prepregs offer excellent performance over other prepregs with numerous advantages such as excellent weight reduction, high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance. Escalating demand for lightweight materials from key industries, such as aerospace & defense and…
