Non-Woven Glass Fiber Prepreg Market Global Forecast To 2021

The global non-woven glass fiber prepreg market has been categorized on the basis of application and region. On the basis of application, the market is segmented into wind energy, electronics, automotive, aerospace & defense, and others. The non-woven glass fiber prepreg market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to the continuous rise in the wind energy and electronics segments. For the report on non-woven glass fiber prepreg market, 2015 is considered as the base year, and the forecast period is 2016 to 2021.

The Objectives of This Study are:

• To define, describe, and forecast the non-woven glass fiber prepreg market based on application and region

• To analyze and forecast the volume (kilotons) and value (USD million) of the global non-woven glass fiber prepreg market

• To provide detailed information regarding key factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges

• To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution made to the overall market

• To analyze the opportunities in the market for stakeholders and draw a competitive landscape of the market

• To forecast the market size in terms of value with respect to five main regions (along with countries), namely, Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America & South America

• To strategically profile key players and comprehensively analyze their core competencies

• To analyze competitive developments, such as joint ventures, mergers & acquisitions, new product developments, and research & development activities (R&D) in the global non-woven glass fiber prepreg market.

The non-woven glass fiber prepreg market has a diversified ecosystem, including raw material suppliers along with vendors, end users, and government organizations. Key players in this market are Owens Corning (U.S.), SAERTEX GmbH & Co. KG (Germany), Jushi Group Co., Ltd (China), PPG Industries Inc. (U.S.), Johns Manville (U.S.), Saint-Gobain Adfors (France), and Ahlstrom Oyj (Finland), among others. The government and research organizations, raw material suppliers and distributors, construction companies, and industry associations are considered as critical stakeholders in this study.

Scope of The Report

The global non-woven glass fiber prepreg market was valued at USD 504.7 Million in 2015 and is projected to reach USD 834.5 Million by 2021, at a CAGR of 8.8% from 2016 to 2021. This growth is mainly attributed to the growing demand of wind energy, increasing demand of lightweight composites from the automotive industry, growing market of non-woven glass fiber prepreg material in emerging markets, and strong order book of Airbus and Boeing commercial airplanes.

Among all applications, the automotive non-woven glass fiber prepreg segment is the fastest-growing segment in the non-woven glass fiber prepreg market, in terms of value. Stringent regulations are laid on the automotive sector in order to reduce CO2 emissions. This has resulted in the inclination of automotive manufacturers to produce lightweight automobiles using composites such as prepregs. Wind energy is the largest application segment and the second fastest-growing application segment. Prepregs are primarily used in the wind blades to give them structural strength and corrosion resistance. It is a promising sector as it is environment-friendly due to which its demand is expected to only rise in the future. Growing environmental concerns, especially in countries such as China and India, are expected to lead the growth of wind energy application in the next five years.

Asia-Pacific held the largest share of the global non-woven glass fiber prepreg market in 2015. The wind energy segment of the Asia-Pacific market is witnessing growth due to government support and the growing requirement of electricity from the industries in the region. Increasing consumption of electronic goods have also led to an increase in the demand of non-woven glass fiber prepregs due to their application in the PCBs of electronic goods.

Factors inhibiting the growth of the global non-woven glass fiber prepreg market include increasing health consciousness leading to a decline in consumption of chocolates, sugars, and other similar products and increasing incidences of obesity and diabetes. Owens Corning (U.S.), SAERTEX GmbH & Co. KG (Germany), Jushi Group Co., Ltd (China), PPG Industries Inc. (U.S.), Johns Manville (U.S.), Saint-Gobain Adfors (France), and Ahlstrom Oyj (Finland) are the key players operating in non-woven glass fiber prepreg market.