Prepreg Market - Growth, Overview & Outlook
Global Prepreg Market is anticipated to grow at double-digit CAGR through 2027 owing to increasing demand for lightweight and high-performance materials in the aerospace and automotive, new product developments by various leading players, and increasing investment by the government in aerospace & defense. Based on resin type, the market has been categorized into Thermoset Prepreg and Thermoplastic Prepreg. The thermoplastic prepreg is projected to grow at the highest CAGR during the forecast period due to the ease of molding into various shapes. APAC region is projected to be the fastest-growing market for prepreg between 2022 and 2027 owing to increasing investments by the government in aerospace & defense and new product developments by various leading players. China leads the market of prepreg in the Asia-Pacific region due to growing wind energy and aerospace & defense industries. The major players in the prepreg market are Royal Ten Cate N.V., Teiji...