Non-woven glass fiber prepreg is fiber-reinforced resins that cure under heat to form strong and lightweight components. It is made from glass fiber reinforcement and matrix. Matrix is used to support the fibers and bond them better with the composite. It can be used in a variety of applications such as wind energy, electronics, automotive, aerospace & defense, among others. Some characteristics of prepregs include great strength-to-weight characteristics, better resistance to the environment, reduced weight and parts consolidation, and design flexibility.
The global non-woven glass fiber prepreg market is projected to reach USD 834.5 million by 2021, at a CAGR of 8.8% between 2016 and 2021. This growth is mainly attributed to the growing demand of wind energy, increasing demand of lightweight composites from the automotive industry, growing market of non-woven glass fiber prepreg material in emerging markets, and strong order book of Airbus and Boeing commercial airplanes.
On the basis of application, the automotive segment of the global non-woven glass fiber prepreg market is expected to grow at the highest CAGR during the forecast period, in terms of value. The prepreg industry in the automotive market is at a nascent stage but has a huge potential to grow in coming years. With the mass production of electric cars, the use of prepreg material is expected to rise. Key players operational in the non-woven glass fiber prepreg market include Owens Corning (U.S.), Saint-Gobain Adfors (France), Jushi Group Co., Ltd (China), and others.
