Data Bridge Market Research analyses that the Aramid Prepreg Market will witness a CAGR of 11.2% for the forecast period of 2021 to 2028 and is likely to reach at USD 5,143.52 million by 2028. The aramid prepreg is basically manufactured through the infusion of para-aramid fiber fabrics with a controlled amount of epoxy resin. Para-aramid fiber materials are infused with a controlled quantity of epoxy and phthalic anhydrides to make aramid prepreg.
The rise in the electrical and electronics industry is a major factor expected to the boost the growth of the aramid prepreg market in the forecast period of 2021 to 2028. Furthermore, the high research spending and growing awareness, high demand for printed circuit boards (PCB), rising demand for greater safety and security, flourishing automotive and aerospace industry as well as the high demand for reinforcement fibers are also expected to fuel the expansion of aramid prepreg market in the above mentioned forecast period.
However, the high cost of production and investments in R&D are expected to hamper the expansion of the aramid prepreg market and will further challenge the market growth.
In addition, the substitution of asbestos, rapid urbanization and accelerating aerospace industries will create ample opportunities for aramid prepreg market in the forecast period of 2021 to 2028.
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Key Market Segmentation:
The aramid prepreg market is segmented on the basis of product, resin and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of product, the aramid prepreg market is segmented into para-aramid, and meta-aramid.
On the basis of resin, the aramid prepreg market is segmented into thermosetting, and thermoplastic. Thermosetting is further segmented into epoxy, polyester, vinyl ester, and others. Thermoplastic is further segmented into polyamide (PA), polypropylene (PP), polybutylene terephthalate (PBT), polycarbonate (PC), and others.
On the basis of application, the aramid prepreg market is segmented into automotive, sporting goods, aerospace and defence, electronics, and others.
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The objective of the studies:
– To provide strategic profiles of key players in the Aramid Prepreg market, comprehensively analyzing their core competencies and painting a competitive landscape for the market.
– Provide information on the factors that affect the growth of the market. To analyze the market based on various factors: price analysis, supply chain analysis, Porter's five forces analysis, etc.
– To provide a detailed analysis of the market structure along with the forecast of the various segments and sub-segments of the global Aramid Prepreg Market.
– Provide a country-level analysis of the market with respect to the current market size and future outlook.
– Provide country-level analysis of the market for segment by application, product type and sub-segments.
– Provide historical and forecast revenue of market segments and sub-segments with respect to four major geographies and their countries: North America, Europe, Asia, and Rest of the World.
– Track and analyze competitive developments such as joint ventures, strategic alliances, new product developments, and research and development in the global marketplace.
Aramid Prepreg Market Country Level Analysis
The aramid prepreg market is analyzed and market size, volume information is provided by country, product, resin and application as referenced above.
The countries covered in the aramid prepreg market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the aramid prepreg market and will continue to flourish its dominance during the forecast period owing to the increasing electrical and electronics industry in the region. Europe is to project the highest growth in the forecast period of 2021 to 2028 because of the increasing automotive production.
The country section of the aramid prepreg market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aramid Prepreg Market Share Analysis
The aramid prepreg market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aramid prepreg market.
The major players covered in the aramid prepreg market report are SGL Carbon, Solvay, Hexcel Corporation, Axiom Materials, Inc., Koninklijke Ten Cate bv., TEIJIN LIMITED., Gurit, Mitsubishi Chemical Corporation, Airtech Advanced Materials Group, TORAY INDUSTRIES, INC., PARK ELECTROCHEMICAL CORP., TCR Composites, HANKUK CARBON CO.,LTD., KINECO - KAMAN, Barrday, Inc., TAIWAN FIRST LI-BOND Co., LTD., Holding company "Composite", GMS COMPOSITES, ABC Composite Materials LLC, North Thin Ply Technology and Plastic Reinforcement Fabrics Ltd among others. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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