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The non-woven glass fiber prepreg market share is expected to increase by USD 360.33 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.4%.
This non-woven glass fiber prepreg market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the non-woven glass fiber prepreg market segmentation by application (wind, electronics, automotive, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The non-woven glass fiber prepreg market report also offers information on several market vendors, including ACP Composites Inc., Ahlstrom Munksjo, APCM LLC., BASF SE, Berkshire Hathaway Inc., BPREG Composites, China Jushi Co. Ltd., DIC Corp, Fibrtec Inc., Gurit Holding AG, Hexcel Corp., Huntsman Corp., Jonam Composites Ltd., Owens Corning, SAERTEX GmbH & Co.KG, SAINT GOBAIN ADFORS, SGL Carbon SE, Solvay SA, Taishan Fiberglass Inc., and Toray Composite Materials America Inc. among others.
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The rising demand from end-user industries is notably driving the non-woven glass fiber prepreg market growth, although factors such as the easy availability of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the non-woven glass fiber prepreg market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Non-woven Glass Fiber Prepreg Market Driver
The rising demand from end-user industries is a key factor driving the global non-woven glass fiber prepreg market growth. Non-woven glass fiber prepreg is widely being used in the wind energy generation, aerospace and defense, automotive, electronics, and other end-user industries. It is becoming increasingly popular in automotive applications because of properties such as high strength, lightweight, and excellent stiffness. This helps automobiles achieve high fuel efficiency at a low cost. Fiberglass composites can reduce the weight of the entire vehicle by 10%. These composites are 35% lighter than aluminum and 75% lighter than steel. Another important factor driving the demand for non-woven glass fiber in automobiles is their potential to reduce carbon emissions. Stringent carbon emission regulations by the European Commission have increased the demand for non-woven glass fiber prepreg.
Key Non-woven Glass Fiber Prepreg Market Trend
The robust adoption in the automotive industry will fuel the global non-woven glass fiber prepreg market growth. Non-woven glass fiber prepreg is a strong composite material with excellent mechanical properties. The increasing demand for lightweight vehicles has recently led to an increase in the use of non-woven glass fiber prepregs. Properties of non-woven glass fiber prepregs include stiffness and strength, excellent heat and corrosion resistance, electrical and chemical properties, and significant weight savings over metal. The demand for non-woven glass fiber prepregs is increasing from sporting goods, aircraft primary structures, load-bearing structures, and automobiles. In recent times, most automakers have moved to high-performance composites due to the advantages of non-woven glass fiber prepreg.
Key Non-woven Glass Fiber Prepreg Market Challenge
The easy availability of substitutes is the major challenge to the global non-woven glass fiber prepreg market growth. The availability of alternatives, such as carbon fiber, basalt fiber, and natural fibers, poses a challenge to the global non-woven glass fiber prepreg market. These alternatives are used in end-user applications, such as buildings and structures, automobiles, wind turbines, consumer goods, and industrial goods. Carbon fibers are used in a variety of applications due to their lightweight, high tensile strength, stiffness, and density when compared with glass fiber. Carbon fiber is mixed with other materials to create composites and is widely used in construction, industrial automation, robotics, ship and aircraft interiors, electronic packaging, and automotive applications.
This non-woven glass fiber prepreg market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global non-woven glass fiber prepreg market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the non-woven glass fiber prepreg market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the non-woven glass fiber prepreg market encompasses successful business strategies deployed by the key vendors. The non-woven glass fiber prepreg market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The non-woven glass fiber prepreg market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the non-woven glass fiber prepreg market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global specialty chemicals market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the non-woven glass fiber prepreg market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rising demand from end-user industries will facilitate the non-woven glass fiber prepreg market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The non-woven glass fiber prepreg market share growth in the wind segment will be significant during the forecast period. The growing demand for large wind turbine blades has increased the demand for non-woven glass fiber prepreg due to their excellent mechanical and physical properties. These fibers are lightweight and have excellent chemical resistance, stiffness, and strength. They are used to manufacture rotor blades for wind turbines, which are extremely durable, weather resistant, and incur low maintenance costs. Using wind power to generate energy reduces CO2 emissions and can largely reduce the environmental impact of global warming. These factors will increase the demand for non-woven glass fiber prepreg for wind turbines during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the non-woven glass fiber prepreg market size and actionable market insights on the post-COVID-19 impact on each segment.
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Non-woven Glass Fiber Prepreg Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.4% |
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Market growth 2022-2026 |
USD 360.33 million |
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Market structure |
Fragmented |
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YoY growth (%) |
7.0 |
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Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 50% |
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Key consumer countries |
US, Canada, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
ACP Composites Inc., Ahlstrom Munksjo, APCM LLC., BASF SE, Berkshire Hathaway Inc., BPREG Composites, China Jushi Co. Ltd., DIC Corp, Fibrtec Inc., Gurit Holding AG, Hexcel Corp., Huntsman Corp., Jonam Composites Ltd., Owens Corning, SAERTEX GmbH & Co.KG, SAINT GOBAIN ADFORS, SGL Carbon SE, Solvay SA, Taishan Fiberglass Inc., and Toray Composite Materials America Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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