Market Segmentation
Wind energy has appeared to be a major consumer of prepreg-based composites in the past few years. Prepregs are considered as the most suitable material to manufacture wind energy OEM. Prepreg composites are used in various parts of wind turbines such as trailing edge, spar caps, shear webs, wind rotors, and other parts of wind blades. Use of carbon fiber-based prepregs allows the development of turbine blades of large diameter of high strength and stiffness with less consumption of materials. Furthermore, prepregs give rise to high strength, fatigue resistance, and improved curing properties. The wind energy industry has witnessed rising demand for turbines with longer blades owing to increased energy output. This in turn, is estimated to generate augmented demand for prepreg composites in the next few years.
Prepreg production and processing entails to high cost as compared to conventional composite materials. Prepreg composites have higher fiber volume fraction, which increases the price. Usage of advanced technology and high-quality raw materials lead to increased cost in composite manufacturing process. Thus, high price of prepreg composites is anticipated to hamper the market growth in the next few years. Availability of conventional composites that have low cost threatens the growth of prepreg market. Substitutes of prepreg are available at a lower cost but the performance and quality offered are inferior to prepregs. However, consumers in developing regions show preference for low-cost alternative over high performance prepreg. Thus, the high cost associated with prepreg production and processing is predicted to restrain the growth of prepreg market.
This section will provide insights into the contents included in this prepreg market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance