Global Glass Fiber Prepreg Market is Expected to Reach $1,453.7 Million by 2019, at a CAGR of 7.5% From 2014 to 2019

FORT WORTH, Texas, April 21, 2015 /PRNewswire/ --

The global glass fiber prepreg market report defines and segments the concerned market by with analysis and forecast of revenue. This market was valued at $1,014.0 million in 2014, which is expected to reach $1,453.7 million by 2019, at a CAGR of 7.5% from 2014 and 2019.

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

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Glass fiber in fabric form offers an excellent combination of properties, from high strength to fire resistance. Wide ranges of weave patterns and yarn sizes provide a wide range of design potential, allowing the end-user to choose the best combination for material performance, economy, and product flexibility. It is often the best all-purpose choice among reinforcements for creating composite parts with excellent strength, low weight, and dimensional stability.

The increasing number of aircrafts is fuelling the glass prepreg demand in aerospace application. Similarly, in case of automotive application, the stringent regulations regarding manufacturing of fuel-efficient vehicles and environmental regulations for low CO2 emissions in the U.S. and Europe have led to increasing use of composites. This helps in meeting the fuel efficiency standards and has ultimately increased the usage of glass fiber prepreg.

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The report analyzes the global glass fiber prepreg market on the basis of applications and ingredients. The major applications of glass fiber prepreg include aerospace & defense, sporting goods, automotive, wind power, and other applications. By ingredients, this market is segmented into glass fiber and resins. The major regions covered in the report are Asia-Pacific, North America, Europe, and Rest of the World.

This report includes market share and value chain analyses, along with market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and profiles of the key players in this market.

Related Report: 

The value of the Global Carbon Fiber Prepreg Market was $2,633.0 million in 2014 and is estimated to reach $4,640.2 million by 2019, at a CAGR of 11.9% from 2014 to 2019. The high demand from aerospace industry and the user-friendly and environment-friendly characteristics of the composite are the main reasons for the growth of the global market.

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