Glass Prepreg Market 2020 Market Size & Growth Insights, Size Expansion, Share Valuation, Industry News Update – Research Report by 360 Research Reports
Global “Glass Prepreg Market 2020-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Glass Prepreg market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Report specifies the complete estimate of Global Glass Prepreg market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Players in Glass Prepreg Market Research Report 2020-2023
- Cytec Solvay Group
- Hexcel Corporation
- GURIT
- Plastic Reinforcement Fabrics Ltd
- ACP
- Axiom Materials
- Isola Group
- Lingol Corporation
- Park Electrochemical Corp.
- SGL Group - The Carbon Company
- Sunrez Corporation
- Teijin Limited
- Krempel Gmbh
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Overview of Glass Prepreg Market:
The global glass prepreg market is expected to witness a CAGR of 7.45% during the forecast period of 2020–2023, driven by the rising demand for airplanes in the Asia-Pacific region. The growing usage of glass prepreg as an asbestos substitute is also likely to stimulate the market.Airplanes Demand Driving the MarketThe global airline passenger traffic is expected to grow at 4.8% year-on-year. As the aviation industry grows, it is likely to drive the demand for airplanes. By 2035, China’s domestic air traffic is expected to overtake North America’s traffic to become the world’s largest. Asia-Pacific alone is expecting the demand of around 15,130 new airplanes till 2035, thereby contributing about 40% of the world’s airplane demand. As glass prepreg is a cost-effective solution to their metal counterparts, it is likely that increasing demand for airplanes will stimulate the glass prepreg market over the coming years.Aerospace and Defense Dominate End-user IndustryThe global glass prepreg market, based on the end-user industry, can be broadly segmented into aerospace and defense, automotive, wind turbine, sports and leisure, and others. The aerospace and defense industry is expected to dominate the glass prepreg market, owing to increased demand of airplanes across Asia-Pacific and the Middle-East & Africa regions. Glass fiber reinforced plastic (GFRP) finds extensive use in aviation industry where lightness is important. The new agreements and construction plans in Asia-Pacific are coming up to meet the growing demand for travel. In May 2017, the United States aircraft giant, Boeing, had started to build its first overseas factory in China aiming to deliver 100 Boeing 737 planes per year. It is likely to start delivering planes by the end of March 2020.Automotive Manufacturing Drives the Asia-Pacific MarketThe market, based on the geographic area, is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. In terms of consumption in 2017, North America held a significant market share, followed by Asia-Pacific and Europe. Asia-Pacific is expected to be an emerging market during the forecast period with the increase in automotive and airplanes manufacturing activities in China, India, and ASEAN countries. Middle-East & Africa is expected to have a significant growth rate, owing to increasing investments in wind power projects.Major players are Cytec Solvay Group, Hexcel Corporation, Gurit, Plastic Reinforcement Fabrics Ltd, and ACP, amongst others.
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Key Highlights from Glass Prepreg Market Report 2020.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Glass Prepreg industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Glass Prepreg Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness — Glass Prepreg Market report additionally provides distribution, Production, Consumption for the complete industry.
Glass Prepreg Market Top Regions (regional analysis covers):-
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Reason to Purchase the ReportTo understand the impact of various resins on the market.Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.To understand the dominating resin type and end-user industry in the market.Identify the countries expected to witness the fastest growth during the forecast period.Identify the latest developments, market shares, and strategies employed by the major market players.3-month analyst support along with the Market Estimate sheet (in Excel).
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Glass Prepreg Market 2020 Report Brief:-
- The report covers forecast and analysis for the Glass Prepreg market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Glass Prepreg market
- The report includes detailed company profiles of the prominent market players
Look into Table of Content of Glass Prepreg Market 2020 Research Report at
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