Carbon Fiber Prepreg comprises a major share of the prepreg market in terms of value.
The carbon fiber prepregs find wide applications in various end-use industries. Some of the major applications includes aerospace & defense, wind energy, sporting goods, automotive, electronics (PCB), and others. The increasing demand from these applications is expected to drive the carbon fiber prepreg market during the forecasted period.
The COVID-19 pandemic resulted in a decline in industrial activities in the first half of 2020 across the globe. It resulted in reduced demand for prepreg from various end-use industries.
The Thermoset prepregs accounts for the largest market share in the global prepreg market during the forecasted period in terms of value and volume