Prepreg Laminates Market Growth, Trends, Forecast and COVID-19 Impacts (2020 - 2025)

The latest Prepreg Laminates Market market offers good growth opportunities during the next five year period ending 2026. The report includes information gathered for the purpose of market segmentation and product differentiation, that can be used to understand company’s target market, tailor spending efforts or determine which features are seen as a priority from the consumer’s perspective. Users can use this information to design better products, improve user experience, and craft a marketing strategy that attracts quality leads and offers better profitability.

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Impact of COVID-19 on Prepreg Laminates Market

The global Prepreg Laminates market is anticipated to recoup from the effects of COVID-19 starting from the year 2021 and will grow at a modest CAGR during the forecast period of 2021-2026. The market is estimated through a rigorous triangulation process of internal data, secondary analysis and the insights gained from the primary interviews with industry experts. The Prepreg Laminates market growth depends upon numerous factors which have direct or indirect impact the demand.

Key Players involve in this research are:

Bond-Laminates GmbH

ISOVOLTA AG

Norplex Micarta

PolyOne Corporation

Solvay S.A.

Toray Advanced Composites.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Prepreg Laminates Market value and growth drivers over the trend period of 2020-25. According to the report -

Prepreg laminate is a niche market and is registering an increased usage in high-performance applications. The prepreg laminates market holds a minuscule share of the entire composite panels & sheets market but could not escape themselves from the pandemic. The pandemic impeded the growth trajectory of both thermosets as well as thermoplastic prepreg laminates in all the major end-use industries.

The short-term scenario seems challenging for the market participants due to fading demand and production halts. Stratview Research’s forecast model, based on the past industry trends (the Great Recession, SARS, Industrial Recession, etc.) and primary interview results with the major market participants and industry experts, indicates that the demand for prepreg laminates is likely to be plateaued in 2020 and then register sequential growth till 2025, ultimately driving the market to reach US$ 130-million mark in 2025.

Segment Analysis:

Based on Resin Type:

Based on the resin type, the prepreg laminates market is segmented into thermoplastic prepreg laminates and thermoset prepreg laminates. Thermoplastic prepreg laminate is expected to maintain its lead in the market in years to come. Compared with thermoset prepreg composites, thermoplastics are less brittle and have a higher resistance to impact loading. Thermoplastic prepreg laminates are gaining market traction in c-class components, especially in assembly ones, in the latest aircraft programs including B787 and A350XWB. Despite witnessing a hefty decline in 2020 due to the COVID-19 pandemic, the thermoplastic prepreg laminates market is expected to mark a healthy recovery from 2022 onwards.

Based on Region:

Despite being the worst-hit region by the COVID-19 pandemic, Europe is expected to maintain its dominant position in the market in the coming five years as well. The region’s market is estimated to heal up gradually with Airbus being the largest customer of prepreg laminates in the region. Germany, France, and the UK are the major markets in the region. The supply chain of the region’s market is extremely persuasive with the presence of several industry stakeholders in the region.

Asia-Pacific, a relatively small market, is likely to heal up with the fastest pace in the post-pandemic market scenario. The region's demand will be driven by a host of factors including an expected increase in the demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China; upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi SpaceJet); and increasing penetration of composites in the building & construction industry. China, Japan, and Australia are projected to be the growth engines of the region’s market.

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https://www.stratviewresearch.com/968/prepreg-laminates-market.html

To evaluate the revenue growth, opportunities, and other important segments in Prepreg Laminates Market, the report on Prepreg Laminates market has been segmented by Platform Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, UAV, and Spacecraft), by Material Type (Titanium & Alloys, Aluminum & Alloys, Steel & Alloys, and Others), by Sales Channel Type (Direct Sales and Distributor Sales), by Product Type (Hot-Rolled Plates and Cold-Rolled Plates), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

What you can explore with this report-

  • Analyse and forecast the size of Prepreg Laminates market.
  • Estimate the market shares of major segments.
  • Showcase the development of the Prepreg Laminates market in different parts of the world.
  • Know the details about the factors affecting the growth of the Prepreg Laminates market by Country and Individual Segments.
  • Know about different and crucial business strategies used by leading companies operating in the Prepreg Laminates market.

Customization of the Report:

With this detailed report, Stratview Research also offers customization options to its clients to meet their requirements. Please connect with our sales team at sales@stratviewresearch.com. You can also get in touch with us on (+1-313-307-4176) to share your research requirements.

What we do:

Stratview Research is one of the leading global Market Research agencies helping client’s tract the ever-evolving market scenarios through our customized and syndicated reports. Our reports include both quantitative and qualitative market data, gathered with the help of our across-the-board and reliable secondary sources and our in-depth interviews with the key players within the market. Our market valuations, derived from primary and secondary research, keep our clients informed about major market trends, opportunities, and challenges that may help or hamper their growth prospects in the industry

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