United States Prepreg Market Size, Share, and COVID-19 Impact Analysis, By Fiber (Glass, Carbon, and Aramid), By Resin (Thermoset and Thermoplastic), and United States Prepreg Market Insights, Industry Trend, Forecasts to 2035
Industry: Chemicals & MaterialsUnited States Prepreg Market Insights Forecasts to 2035
- The US Prepreg Market Size Was Estimated at USD 4364.9 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 10.17% from 2025 to 2035
- The US Prepreg Market Size is Expected to Reach USD 12664.9 Million by 2035
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According to a research report published by Spherical Insights & Consulting, The United States Prepreg Market Size is anticipated to reach USD 12664.9 Million by 2035, growing at a CAGR of 10.17% from 2025 to 2035. The expansion of the United States prepreg market is propelled by the growing application of prepreg materials in the automotive and aerospace sectors.
Market Overview
The prepreg refers to a pre-impregnated composite material, which is made up of reinforcing fibres such as glass, carbon, or aramid that have been previously covered with a resin system, usually epoxy. The use of prepreg is increasing due to the U.S. aerospace and defence systems manufacturers recording substantial profit from exported manufactured aircraft parts. This has led to a rise in the use of prepreg in defence aircraft, helicopters, aircraft components, and aero engines. As the demand for lightweight, high-strength materials rises, as it is provided with the development of electric vertical take-off and landing (eVTOL) aircraft, air taxis, and drones, the Urban Air Mobility (UAM) fund is predicted to offer amazing, diverse opportunities to grow the prepreg market. Ultimately, it is possible to use prepreg composite material, which is primarily carbon fibre composites, in the UAM vehicle structure. This prepreg composite is long-lasting, lightweight, fuel-efficient, and has good strength-to-weight ratios.
In the US, organisations including DoD, DOE, NSF, and NIST have sponsored research and development in advanced composites, including prepregs, through organisations like IACMI (Institute for Advanced Composites Manufacturing Innovation) and AFFOA. This has allowed for collaborative innovation and the scaling of production processes.
Report Coverage
This research report categorizes the market for the United States prepreg market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States prepreg market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States prepreg market.
United States Prepreg Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 4364.9 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 10.17% |
2035 Value Projection: | USD 12664.9 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 169 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Fiber and By Resin |
Companies covered:: | Cytec Industries, Hexcel Corp, Park Electrochemical, Axiom Materials, Inc., Hexcel Corporation, Toray Composite Materials America, Inc., Royal Ten Cate NV, Teijin Limited, and Others |
Pitfalls & Challenges: | COVID-19 Impact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The growth of the United States prepreg market is boosted by the explosive growth of the aerospace and defence industries, which are lightweight, provide high strength to reduce weight, improve structural performance, and reduce fuel consumption. Prepregs made of carbon fibre, which are strong, resistant to corrosion, and have better physical qualities, make them appropriate for usage in aeroplane interiors, wings, and fuselages. It is anticipated that a larger amount of composite material intelligence will be required as the speed of aircraft being constructed continues to rise and the amount of national spending allocated for military increases.
Restraining Factors
The United States prepreg market faces obstacles like the high cost of producing prepreg materials, including the cost of the materials, i.e., carbon, resin, etc., and likewise, the equipment, such as an autoclave or OOA, and the performance of the prepreg materials in the market.
Market Segmentation
The United States prepreg market share is classified into fiber and resin.
- The carbon segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period.
The United States prepreg market is segmented by fiber into glass, carbon, and aramid. Among these, the carbon segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period. The segment is driven by the increasing concerns regarding fuel consumption, CO2 emissions, and automotive applications are pushing industry suppliers to replace metal components with carbon fibre composite materials. The energy and fuel efficiency concern driven by automotive applications is expected to lead to an increase in the carbon fibre composites market during the forecast period.
- The thermoset segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.
Based on the resin, the United States prepreg market is segmented into thermoset and thermoplastic. Among these, the thermoset segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is propelled by the reinforcing fibres, which have thermoset resins readily impregnated by using the liquid resins at room temperature. In addition, the relationship formed by three-dimensional networks connecting three-dimensional resins gives more strength to the fibre than thermoplastic resins.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the United States prepreg market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Cytec Industries
- Hexcel Corp
- Park Electrochemical
- Axiom Materials, Inc.
- Hexcel Corporation
- Toray Composite Materials America, Inc.
- Royal Ten Cate NV
- Teijin Limited
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at the United States, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United States prepreg market based on the following segments:
United States Prepreg Market, By Fiber
- Glass
- Carbon
- Aramid
United States Prepreg Market, By Resin
- Thermoset
- Thermoplastic
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