Non-Woven Glass Fiber Prepreg Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Non-Woven Glass Fiber Prepreg Market is Segmented By Fiber Type (C-Glass, E-Glass, A- Glass, Others), By Application(Wind Energy, Automotive, Aerospace & Defense, Electrical & Electronics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Non-Woven Glass Fiber Prepreg Market Overview

The global "non-woven glass fiber prepreg market" is estimated to grow at a CAGR of 6.9% within the forecast period (2024-2031). The formation of a fiber web is the primary step of the process, followed by subsequent bonding with the reinforcing chemical. Carbon, glass, and aramid are primarily used as fibers in the process. The method used to bond these reinforced fibers with a matrix of resin is terms as impregnation, and thus the combination of reinforcing fibers and resin matrix is called prepreg. The nonwoven optical fiber prepreg is a strong material that offers extraordinary mechanical properties.

Non-Woven Glass Fiber Prepreg Market Scope and Summary

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Non-Woven Glass Fiber Prepreg Market Dynamics and Trends

The growing demand for materials offering excellent mechanical properties in the automotive sector has recently boosted the market share for the nonwoven glass fiber prepreg. Growing demand for lightweight and fire-resistant composites in various sectors such as aerospace, defense, and wind energy industries is creating immense demand for the material to grow in the forecast period.

In recent times, the growing demand for materials offering excellent mechanical properties in the automotive sector has boosted the market share for the nonwoven glass fiber prepreg.

Nonwoven glass fiber prepreg is a tough composite with excellent mechanical qualities. In recent years, nonwoven glass fiber prepreg has expanded because of the growing need for lightweight automobiles. Stiffness and strength, strong heat and corrosion resistance, electrical and chemical characteristics, and significant weight savings over metals are all features of nonwoven glass fiber prepreg that contribute to the growth of the market. Furthermore, sports goods, primary aircraft structures, load-carrying structures, and vehicles have increased their demand for nonwoven glass fiber prepreg. Because of the benefits, most automotive manufacturers have recently shifted to high-performance composites. Nonwoven glass fiber prepregs can help reduce program costs while improving energy efficiency, lowering vehicle emissions, and increasing safety. Due to the lockdown of industrial businesses, COVID-19 is predicted to reduce demand for nonwoven glass fiber prepreg in all regions. Increasing applications for high-performance composites, rising demand for lightweight vehicles, and technical improvements in automobiles in emerging countries will drive demand for nonwoven glass fiber prepreg in the coming years.

Growing demand for lightweight and fire-resistant composites in various sectors such as aerospace, defense, and wind energy industries is creating immense demand for the material to grow in the forecast period.

Due to its excellent mechanical, physical, and chemical properties, nonwoven glass fiber prepreg is in high demand by various end-users. For instance, wind energy is predicted to substantially impact nonwoven glass fiber prepreg shortly, owing to worldwide growth in wind energy installations. Wind turbine blades made of nonwoven glass fiber prepreg have a higher load-bearing capability than woven prepreg blades and are better suited to longer blades. During the projection period, an increase in demand for renewable energy sources for generating electricity and a progressive drop in the cost of wind energy are expected to enhance the installation of wind turbines. Companies are enhancing the length of wind blades. These wind blades require a material that can withstand a lot of weight. Thus, The use of nonwoven glass fiber prepreg inefficient wind farm setups that demand larger wind turbine blades is a key factor driving the market.

Furthermore, In 2015, Asia-Pacific accounted for the greatest portion of the worldwide nonwoven glass fiber prepreg market. Due to government backing and the increased need for electricity from the region's businesses, the wind energy segment of the Asia-Pacific market is growing. Because nonwoven glass fiber prepregs are used in electronic goods' PCBs, the demand for nonwoven glass fiber prepregs has risen with rising electronic goods consumption.

Stringent government regulations create opportunities for the growth of nonwoven glass fiber prepreg.

Growing stringent regulations by various countries have pushed automobile manufacturers to either reduce vehicle weight or reduce engine size to enhance overall fuel efficiency and reduce carbon emissions. Therefore various auto OEMs will adopt lightweight materials such as nonwoven glass fiber prepreg to follow the regulations. Countries like Canada, America, Germany, Spain, and France are some prime countries that have invested in nonwoven glass fiber prepreg technologies and have accelerated the market opportunities percentages for the technology.  

COVID-19 Impact on Non-Woven Glass Fiber Prepreg Market

The Non-Woven Glass Fiber Prepreg industry's expansion is being hampered due to increased feedstock costs and weak demand; the worldwide nonwoven composites sector is expected to decrease significantly during the coronavirus pandemic.

COVID-19's global proliferation has wreaked havoc on the supply chain of the global nonwoven glass fiber prepreg market. Low production rates, hoarded inventory difficulties, and a lack of labor availability are all projected to be major supply-side constraints in the foreseeable future for the nonwoven glass fiber prepreg market. Consumer sentiment is expected to be a major demand-side factor negatively affecting the worldwide nonwoven glass fiber prepreg market. Furthermore, most countries began to ease restrictions in the second half of 2020. Various prime sectors of nonwoven glass fibers have gradually restarted, thus expected to regain market momentum in the forecast period.

Non-Woven Glass Fiber Prepreg Market Segmentation Analysis

The global Non-Woven Glass Fiber Prepreg market is based on fiber types, end-user, and regions.

Growing stringent regulation on the adoption of lightweight material in the automotive industry has accelerated the market share for nonwoven glass fiber prepreg.

The global nonwoven glass fiber prepreg market can be divided into wind energy, automotive, aerospace & defense, electrical & electronics, and others based on the end-use industry. Automotive makers have been using composites to replace metal parts to reduce weight. Nonwoven glass fiber prepreg is a tough composite with outstanding mechanical qualities. In recent years, nonwoven glass fiber prepreg has expanded because of the growing need for lightweight automobiles. Vehicle weight and fuel consumption are related; for example, every 100 kg reduction in vehicle weight might result in a 0.4L/100 km reduction in fuel consumption from cars. In recent years, the automotive industry in the United States and the European Union has adhered to strict laws governing vehicle weight reduction, thus creating market share for nonwoven glass fiber prepreg in the recent period. Furthermore, stiffness and strength, strong heat and corrosion resistance, electrical and chemical characteristics, and significant weight savings over metals are nonwoven glass fiber prepreg features.

Non-Woven Glass Fiber Prepreg Market Geographical Share

Due to the highly developed automobile industries in China, Korea, and Japan and ongoing investments in the region to advance the wind energy, aerospace, and military sectors throughout time, Asia-Pacific is likely to dominate the global market.

Due to the highly developed automobile industries in China, Korea, and Japan and ongoing investments in the region to advance the wind energy, aerospace, and military sectors throughout time, Asia-Pacific is likely to dominate the global market. All developing and developed countries are looking forward to sustainable energy due to government laws. As a result, there has been an increase in the demand for wind energy. Nonwoven glass fiber prepreg is widely used in wind energy applications (turbine blades).  Furthermore, the aerospace and defense industries in Asia-Pacific have seen tremendous growth in recent years. Asia-Pacific is a major producer of aircraft components and materials and a major exporter of aerospace components and materials to other countries. According to the Organization Internationale des Constructeurs d'Automobiles (OICA), Asia-Pacific has taken the lead in worldwide automotive production in recent years, accounting for 30% of global output.

Nonwoven glass fiber prepreg has recently been utilized in electronics in printed circuit boards because it is more ecologically friendly and thermally durable.

Non-Woven Glass Fiber Prepreg Companies and Competitive Landscape

The Non-Woven Glass Fiber Prepreg market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth are Hexcel Corporation, Jushi Group Co., Ltd, PPG Industries Inc., Owens Corning, SAERTEX GmbH & Co. KG, Fibrtec Inc, Johns Manville, Saint-Gobain Adfors, and Ahlstrom Oyj and others.     

The major companies are adopting several growth strategies such as acquisitions, product launches, and collaborations, contributing to the growth of the IoT in the Education market globally.

• For instance, on February 24, 2020, Solvay launched CYCOM® EP2750, a market-first technology that enables high-volume, low-cost aerospace structural part manufacturing. This technology combines superior continuous fiber prepreg materials with a thorough grasp of the critical material and process properties required to achieve aerospace quality and performance through compression molding processes.

Hexcel Corporation

Overview: Hexcel Corporation is a global leader in innovative composites. It creates, manufactures, and distributes lightweight, high-performance structural materials such as carbon fibers, specialty reinforcements, prepregs, and other fiber-reinforced matrix materials, honeycomb, adhesives, and engineered core and composite structures for commercial aerospace, space, and defense, as well as industrial applications.

Product Portfolio: The Company has a product portfolio of Non-Woven Glass Fiber Prepreg that includes

• HexPly® Prepregs: Hexcel prepregs are used extensively in the aerospace industry, including civil airplanes, military jets, helicopters, aero-engines, and space satellites and launchers. There is a wide range of epoxies for highly loaded parts and supreme toughness; BMI systems for high-temperature performance; phenolics for fire, smoke, and toxicity performance in aircraft interiors; and cyanate esters for space structures and satellite applications are among Hexcel's resin formulations for aerospace prepregs.

Key Development

• For instance, on March 26, 2021, Hexcel joined a U.K.-based project called ASCEND (Aerospace and Automotive Supply Chain Enabled Development) that will focus on developing high-rate manufacturing and processing technologies to accelerate the development of new, lightweight advanced composite materials.

Why Purchase the Report?

• Visualize the Non-Woven Glass Fiber Prepreg market segmentation by fiber type, and end-user, highlighting key commercial assets and players
• Identify commercial opportunities in the Non-Woven Glass Fiber Prepreg Market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of Non-Woven Glass Fiber Prepreg market-level 4/5 segmentation
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for the key product of all major market players

The global Non-Woven Glass Fiber Prepreg market report would provide approximately 53 market data tables, 45 figures, and 240 pages

Target Audience 2024

• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies