Carbon Fiber Prepreg market – 2025
The carbon fiber prepreg market is growing due to its increasing demand from aerospace & defense, automotive, and wind energy industries. Boeing and Airbus have ramped up the production of commercial aircraft to cater to the rising airline passenger traffic. The increasing use of carbon fibers in electric cars and rising aircraft production are the major drivers of the market.
Carbon Fiber Prepreg Market by resin type (Epoxy, Phenolic, Thermoplastic), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace & Defense, Wind Energy, Sports & Leisure, Automotive) & Region – Global Forecast to 2025
As per the report published by Fior Markets, the global carbon fiber prepreg market is expected to grow from USD XX Billion in 2019 to USD XX Billion by 2025 at a CAGR of XX during the forecast period 2020-2025. Rise in number of commercial aircrafts production, increasing demand for lightweight fuel efficient cars and growing worldwide emphasis on increasing wind energy production are the factors fuelling the carbon fiber prepreg market.
Prepregs are composite fibers that are pre impregnated with resin matrix containing proper curing agents. The fibers often take the form of a weave and the resin matrix is used to fuse them together and to other components during manufacturing. As a result, the prepregs are ready to lay into the mold without the addition of any more resin. Carbon fiber prepregs possess improved thermal resistance, anti-corrosion, tensile strength, lightweight and easy to mold properties. Thus carbon prepegs have found a tremendous application value in manufacturing of high strength, lightweight sporting equipment, aircrafts, wind turbines, and automotive parts.
Increasing demand for lightweight fuel efficient cars and rising global production of commercial aircrafts is driving the global carbon fiber prepreg market. Whereas high production cost and low shelf life are anticipated to prove to be the major hindrances for the market growth.The major end-user industries in the carbon fiber prepreg market include aerospace & defense, automotive, sports & recreation, and wind energy. The aerospace & defense end-use industry accounted for a major share of the market, in terms of value and volume. This is due to the increased production of aircraft by Boeing and Airbus. Moreover, Boom Technology, an aircraft manufacturing startup, is planning to build new aircrafts, the commercial supersonic transport aircraft XB-1. The use ofcarbon fiber prepreg reduces the overall weight of aircraft, thereby, increasing their efficiency. It also provides an excellent strength-to-weight ratio, FST properties, corrosion and fatigue resistance, high stiffness, and so on.Epoxy resins dominate the overall carbon fiber prepreg market as they are widely applicable in aerospace & defense, automotive, sports & recreation, wind energy, and other industries. The processing cost of epoxy resins is high for various end-use applications; which makes them very expensive. Europe accounts for the largest market share of carbon fiber prepreg, globally, due to the high demand for materials with excellent strength, lightweight, and chemical and corrosion resistance properties. The market in the region is driven by the presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations. In 2015, BMW started using carbon fiber implants in its 7-series sedan. There are a large number of offshore wind energy installations, especially in the UK and Germany. According to the Global Wind Energy Council (GWEC), the UK added 1,680 MW of offshore wind power capacity in 2017, which is almost 39% of capacity addition in the global offshore wind capacity. Some of the key global players prevailing in the carbon fiber prepreg market are SGL Group (Wiesbaden, Germany), Gurit Holdings AG (Wattwil, Switzerland), Park Electrochemical Corporation (Melville, US), Toray Industries (Tokyo, Japan), Teijin Limited (Osaka, Japan), Royal TenCate N.V. (Almeo, The Netherlands), Hexcel Corporation (Connecticut, US), Solvay (Brussels, Belgium), Mitsubishi Rayon Co. Ltd. (Tokyo, Japan), Axiom Materials (California, US), and others.
Adhesion Barrier Market – 2024
The key factors driving the growth of this market include the growing geriatric population and corresponding chronic diseases; increase in the volume of surgeries and sport-related injuries, and growing awareness about the post-surgical adhesion formation and its related complications.
Adhesion Barrier Market by Product (Regenerated Cellulose, Hyaluronic Acid, Polyethylene Glycol, Fibrin, Collagen & Protein), Type (Film, Gel, Liquid), Application (Abdominal, Orthopedic, Cardiovascular, Gynecological Surgery) & Region – Global Forecast to 2024
Adhesion barriers are used for reducing internal scarring and separating the internal organs and tissues therefore avoiding organ adhesion. These products are predominantly employed in abdominal, orthopedic, reconstructive, urological and gynecological surgeries. Of the various formulations available, adhesion barriers film based products are the most widely used. As the global rate of surgical procedures is consistently increasing, the demand and uptake of adhesion barriers is also expected to rise correspondingly. Adhesion barriers are viewed as an effective tool to reduce the post-surgical complications arising from adhesion of tissues or organs, therefore reducing the risk of follow-up procedures and overall procedural cost. Growing product visibility and competitive prices of adhesion barriers are also expected to assist the market growth during the forecast period.
Apart from the increasing number of abdominal and cardiovascular interventions taking place worldwide, the growing incidence of cancers demanding surgical intervention is also driving the demand for adhesion barriers. In the developing countries, growing awareness regarding the benefits associated with adhesion barriers in reducing the treatment costs will be a prime driver. Further expansion in application areas of these products and product universality across several anatomies will serve as significant growth opportunity during and beyond the forecast period.
North America accounted for the largest share of the adhesion barrier market in 2018, followed by Europe. Increase in the incidence of chronic diseases associated with aging population, increase in the volume of surgical procedures, well-established healthcare services, and higher public and private healthcare expenditure are responsible for the largest share of North America in the adhesion barriers market.