Carbon Fiber Prepreg Market is Expected to Reach $4,640.2 Million by 2019, at a CAGR of 11.3% From 2014 to 2019

FORT WORTH, Texas, March 31, 2015 /PRNewswire/ --

The global carbon fiber prepreg market was valued at $2,633.0 million in 2014 and is estimated to reach $4,640.2 million by 2019, at a CAGR of 11.9% during the period under consideration.

Browse through the TOC of carbon fiber prepreg market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

http://www.micromarketmonitor.com/market-report/carbon-fiber-prepreg-reports-7984639564.html

Early buyers will receive 10% customization on this report.  

North America holds the largest share of the global carbon fiber prepreg market. The growing aerospace industry and the user-friendly and environment-friendly characteristics of the composite are the main factors driving the growth of this market.

Damage identification is difficult in case of prepreg. If a part is damaged, it is not easy to get it repaired; moreover, the high cost of prepreg material is among the key hindrances to the market growth. The cost of prepreg is relatively higher than its competitors, such as aluminum; hence, it is difficult to replace aluminum parts in aircraft applications.

Inquiry Before Buying @http://www.micromarketmonitor.com/contact/7984639564-inquery_before_buy.html

The aerospace & defense is the leading application segment of the global carbon fiber prepreg market. The segment accounted for $1,844.0 million in 2014 and is estimated to reach $3,237.7 million, at a CAGR of 11.9% during the forecast period, 2014 to 2019. In terms of volume, this segment is estimated to grow at a CAGR of 11.5% during the given forecast period. The sporting goods application of the global carbon fiber prepreg market is projected to grow at a CAGR of 9.1% from 2014 to 2019.

The major participants that operate in the global carbon fiber prepreg market include Hexcel Corporation (U.S.), Cytec Industries (U.S.), Gurit Holdings AG (Switzerland), SGL Group (Germany), Toray Industries (Japan), Axiom Materials, Inc. (U.S.), and Teijin Limited (Japan), among others. The key players of the market are mainly focusing on acquisitions and expansions for their growth in the global market. For instance, the acquisition of Umeco plc by Cytec Industries helped Cytec to strengthen its position as a leading manufacturer of composite materials, while offering significant opportunities for growth and value creation, particularly in industrial composites and process materials.

Related Reports: 

Glass Fiber Prepreg - Europe can be segmented by Ingredients and Applications. Ingredients of this market are Glass Fiber and other Ingredients. Applications of this market are Wind Turbine, Aerospace & Defence (Industry), Automotive Industry and Other Applications.

http://www.micromarketmonitor.com/market/europe-glass-fiber-prepreg-9675164334.html

Report Subscription: 

MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Chemicals and Advanced Materials industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Chemicals and Advanced Materials industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.

http://www.micromarketmonitor.com/offerings/subscription

About MicroMarket Monitor: 

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

Contact: 
Mr. Chandrasekhar K. 
5601 Bridge Street 
Suite 300 
Fort Worth, TX 76112 
Tel: +1-888-502-0539 
Email: sales@micromarketmonitor.com