Dublin, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/74...al_prepreg ) has announced the addition of the "Global Prepreg Market 2015-2020: Trend, Forecast and Opportunity Analysis" report to their offering. The global prepreg market is forecast to grow at a CAGR of 8.4% from 2015 to 2020
The commercial aerospace segment is expected to record the highest growth during the forecast period. The author adds that the aerospace market is predicted to remain robust due to strong back orders for Boeing 787 and Airbus 380 aircraft. New products, including COMAC 919, are expected to increase the production rate from eight per year to 200 per year by 2020.
The major drivers of growth for this market are greater penetration of prepreg materials in applications, such as aerospace, defense, wind energy, and automotive, and escalated demand for lightweight, environment-friendly, and efficient products. Advantages of corrosion resistance, higher strength-to-weight ratio, lower maintenance, and a longer lifecycle than other traditional materials, like aluminum and steel, are additional factors contributing to the market growth. Growth of further demand in key end-use industries, such as aerospace and wind energy, is expected to remain a key driving factor for the global prepreg market. Although North America is the largest region in terms of value shipment, APAC is expected to witness the highest growth during the forecast period (2015-2020). The report believes that Asia, particularly China, will continue to see tremendous growth in wind energy over the next five years. As the industry moves to supply offshore wind turbines that are larger, manufacturers will continue to incorporate more carbon fiber reinforced prepreg into their designs. This means that the underlying prepreg demand for wind turbine applications should grow at a faster rate than wind generation capacity itself. For market expansion, the report suggests innovation and new product development. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for end users. Cytec, Hexcel, Gurit, Newport, and Toray are among the major suppliers of prepreg. There are some companies that are opting for M&A as a strategic initiative for driving growth. Key Topics Covered: 1. Executive Summary 2. Prepreg Industry Background and Classifications 3. Market Analysis 4. Cost Structure and Profitability Analysis 5. Competitor Analysis 6. Growth Opportunity and Strategic Analysis 7. Company Profiles of Leading Players - Cytec - Gurit - Hexcel - Newport - Toray For more information visit http://www.researchandmarkets.com/research/74...al_prepreg
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