EUROPE PREPREG MARKET 2021-2028

Description

MARKET OUTLOOK

Europe’s prepreg market is anticipated to exhibit growth with a CAGR of 9.23% over the projected duration between 2021 and 2028. France, Germany, Italy, Russia, the United Kingdom, Spain, and Rest of Europe together form the market in this region.
The aerospace industry in Spain contributes nearly 5.8% to the national industrial GDP. Additionally, there are around 350 players in the aerospace sector, of which 335 are SMEs. Aernnova, Airbus, Alestis, Sener, and Thales are some of the leading players in this industry. Also, the government has increased the incentives for SMEs in aerospace to improve their production lines.
Several companies have been making investments in aerospace composites like titanium and carbon fiber, making Spain one of the most preferred and technologically advanced destinations for aircraft manufacturers. There is a growing demand for prepregs in the aerospace industry, and its development is expected to foster the industry growth in the coming years.
Italy has the fourth-largest automobile industry in the European Union. In 2017, it manufactured 1.142 million new vehicles, representing a rise of 3.5% from the preceding year. Foreign brands account for 71% of the companies in the Italian automotive market, which shows that there is a growing interest from global players to establish their presence here. The steady growth in automotive production, coupled with improvements in production technologies, are anticipated to bolster the demand for prepregs over the forthcoming years. This, in turn, will strengthen the prepreg market’s development in Italy.

COMPETITIVE OUTLOOK

The leading competitors in the prepreg market include Royal Ten Cate NV, Ventec Group, Cytec Solvay Group, Mitsubishi Rayon Co Ltd, Park Electrochemical Corp, Teijin Limited, Axiom Materials, and Celanese.

TABLE OF CONTENTS

1. EUROPE PREPREG MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE PREPREG INDUSTRY
2.2. KEY INSIGHTS
2.2.1. EASE OF HANDLING
2.2.2. ADVANCES IN MANUFACTURING PROCESSES
2.2.3. RISING NUMBER OF STRATEGIC DEVELOPMENTS BY MANUFACTURERS
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTE
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. INDUSTRY COMPONENTS
2.7. KEY MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT LAUNCHES
2.7.3. PARTNERSHIPS
2.7.4. BUSINESS EXPANSIONS
2.8. MARKET DRIVERS
2.8.1. DEMAND FROM THE AEROSPACE INDUSTRY
2.8.2. AUTOMOTIVE MANUFACTURERS AIMING AT REDUCING CARBON FOOTPRINTS
2.8.3. EVOLVING WIND ENERGY MARKET
2.9. MARKET CHALLENGES
2.9.1. LOW SHELF LIFE COMPARED TO CONVENTIONAL RESIN FIBERS
2.9.2. HIGH COSTS ASSOCIATED WITH PREPREGS
2.9.3. COMPLEXITIES IN MAINTENANCE, REPAIR, AND OVERHAUL (MRO) REQUIREMENTS
2.10. MARKET OPPORTUNITIES
2.10.1. GROWING INTEREST TOWARDS USING LIGHTWEIGHT MATERIALS IN SPORTING GOODS
2.10.2. INCREASED DEMAND FOR CARBON FIBER PREPREGS
3. EUROPE PREPREG MARKET OUTLOOK – BY RESIN TYPE
3.1. THERMOSET
3.2. THERMOPLASTIC
4. EUROPE PREPREG MARKET OUTLOOK – BY MANUFACTURING PROCESS
4.1. HOT MELT
4.2. SOLVENT DIP
5. EUROPE PREPREG MARKET OUTLOOK – BY REINFORCEMENT TYPE
5.1. CARBON FIBER
5.2. GLASS FIBER
5.3. ARAMID FIBER
6. EUROPE PREPREG MARKET OUTLOOK – BY APPLICATIONS
6.1. AEROSPACE & DEFENCE
6.2. WIND ENERGY
6.3. AUTOMOTIVE
6.4. SPORTING GOODS
6.5. PCB & OTHER APPLICATION
7. EUROPE PREPREG MARKET – REGIONAL OUTLOOK
7.1. UNITED KINGDOM
7.2. GERMANY
7.3. FRANCE
7.4. ITALY
7.5. SPAIN
7.6. RUSSIA
7.7. REST OF EUROPE
8. COMPETITIVE LANDSCAPE
8.1. AXIOM MATERIALS
8.2. CELANESE
8.3. CYTEC SOLVAY GROUP
8.4. GURIT HOLDING AG
8.5. HEXCEL CORPORATION
8.6. MITSUBISHI RAYON CO LTD
8.7. PARK ELECTROCHEMICAL CORP
8.8. RENEGADE MATERIALS CORPORATION
8.9. ROYAL TEN CATE NV
8.10. SGL GROUP
8.11. TEIJIN LIMITED
8.12. TORAY INDUSTRIES INC
8.13. UNICARBON
8.14. VENTEC GROUP
8.15. ZYVEX LABS
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY

TABLE LIST
TABLE 1: EUROPE PREPREG MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: LIST OF PRODUCT LAUNCHES
TABLE 5: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 6: LIST OF BUSINESS EXPANSIONS
TABLE 7: EUROPE PREPREG MARKET, BY RESIN TYPE, 2021-2028 (IN $ MILLION)
TABLE 8: EUROPE PREPREG MARKET, BY MANUFACTURING PROCESS, 2021-2028 (IN $ MILLION)
TABLE 9: EUROPE PREPREG MARKET, BY REINFORCEMENT TYPE, 2021-2028 (IN $ MILLION)
TABLE 10: EUROPE PREPREG MARKET, BY END-USERS, 2021-2028 (IN $ MILLION)
TABLE 11: EUROPE PREPREG MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

FIGURE LIST
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: WORLDWIDE AUTOMOTIVE (CARS & COMMERCIAL VEHICLES) PRODUCTION, 2015-2020 (IN MILLION)
FIGURE 3: EUROPE PREPREG MARKET, BY RESIN TYPE, 2020 & 2028 (IN %)
FIGURE 4: EUROPE PREPREG MARKET, BY THERMOSET, 2021-2028 (IN $ MILLION)
FIGURE 5: EUROPE PREPREG MARKET, BY THERMOPLASTIC, 2021-2028 (IN $ MILLION)
FIGURE 6: EUROPE PREPREG MARKET, BY MANUFACTURING PROCESS, 2020 & 2028 (IN %)
FIGURE 7: EUROPE PREPREG MARKET, BY HOT MELT, 2021-2028 (IN $ MILLION)
FIGURE 8: SCHEMATIC OF HOT MELT PROCESS
FIGURE 9: EUROPE PREPREG MARKET, BY SOLVENT DIP, 2021-2028 (IN $ MILLION)
FIGURE 10: SCHEMATIC OF SOLVENT DIP PROCESS
FIGURE 11: EUROPE PREPREG MARKET, BY REINFORCEMENT TYPE, 2020 & 2028 (IN %)
FIGURE 12: EUROPE PREPREG MARKET, BY CARBON FIBER, 2021-2028 (IN $ MILLION)
FIGURE 13: EUROPE PREPREG MARKET, BY GLASS FIBER, 2021-2028 (IN $ MILLION)
FIGURE 14: EUROPE PREPREG MARKET, BY ARAMID FIBER, 2021-2028 (IN $ MILLION)
FIGURE 15: EUROPE PREPREG MARKET, BY APPLICATIONS, 2020 & 2028 (IN %)
FIGURE 16: EUROPE PREPREG MARKET, BY AEROSPACE & DEFENCE, 2021-2028 (IN $ MILLION)
FIGURE 17: EUROPE PREPREG MARKET, BY WIND ENERGY, 2021-2028 (IN $ MILLION)
FIGURE 18: EUROPE PREPREG MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)
FIGURE 19: EUROPE PREPREG MARKET, BY SPORTING GOODS, 2021-2028 (IN $ MILLION)
FIGURE 20: EUROPE PREPREG MARKET, BY PCB & OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 21: EUROPE PREPREG MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 22: UNITED KINGDOM PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: GERMANY PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: FRANCE PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: SPAIN PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: ITALY PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE 27: RUSSIA PREPREG MARKET 2021-2028 (IN $ MILLION)
FIGURE 28: REST OF EUROPE PREPREG MARKET 2021-2028 (IN $ MILLION)