Global Glass Fiber Prepreg Market by Application (Aerospace & Defense, Sporting Goods, Automotive, Wind, Others) by Geography (North America, Europe, Asia-Pacific, Rest of The World) - Analysis and Forecast To 2019

Glass fiber prepreg is the foundation of composites industry. It is often the best all-purpose choice among reinforcements for creating composite parts with excellent strength, low weight, and dimensional stability. The versatility of glass as a fiber makes it a unique industrial textile material.

The major driving forces for the glass fiber prepreg market are its increasing use in different applications and the capacity expansion by the key market players. Due to environmental regulations regarding CO2 emissions in the U.S. and Europe, composites are seen as a substitute for aluminium and steel in high-end cars. Increasing use of composites will further drive the global glass fiber prepreg market in coming years. In addition, the growing demand from aerospace application owing to the increasing delivery numbers of aircraft , along with the user friendly characteristics of glass fiber prepreg are  major factors that will drive this market in coming years.

The global glass fiber prepreg market was valued at $1,014.0 million in 2014, which is expected to reach $1,453.7 million by 2019, at a CAGR of 7.5%. North America dominates the global market for glass fiber prepreg, having accounted for a 37.6% share in 2014, followed by Europe. The Asia-Pacific region is expected to become a major market for glass fiber prepreg market with the highest growth rate of 9.9% in coming years.

In December 2014, Hexcel Corporation (U.S.) acquired 50% interest in Formax UK Limited (U.K.). Hexcel acquired this company to advance the knitting technology for future aerospace applications and provide scale for growing industrial markets. This will help the company to develop its range of stitch-bonded reinforcements (including glass fiber).

In March 2013, TenCate Advanced Composites (Netherlands) and BASF (Germany) announced that Owens Corning (U.S.) has joined as a partner in their strategic alliance for thermoplastic automotive composites. The goal of this alliance was to develop optimal solutions in thermoplastic composites for automotive mass production.

An in-depth market share analysis, in terms of revenue, of the top companies is included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. A detailed market share analysis of the major players in the global glass fiber prepreg market has been covered in this report. The major companies operating in this market are Hexcel Corporation (U.S.), Cytec Industries, Inc. (U.S.), Gurit Holding AG (Switzerland), SGL Group, Toray Industries, Inc. (Japan), TenCate Advanced Composites (Netherlands), Axiom Materials, Inc. (U.S.), Mitsubishi Rayon Co., Ltd. (Japan), and Teijin Limited (Japan).

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 12)
    2.1 Integrated Ecosystem of Glass Fiber Prepreg Market
    2.2 Arriving at the Glass Fiber Prepreg Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 20)

4 Market Overview (Page No. - 22)
    4.1 Introduction
    4.2 Glass Fiber Prepreg Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis
    4.6 Vendor Side Analysis

5 Glass Fiber Prepreg Market, By Application (Page No. - 28)
    5.1 Introduction
    5.2 Glass Fiber Prepreg Market in Aerospace & Defense, By Geography
    5.3 Glass Fiber Prepreg in Wind Power, By Geography
    5.4 Glass Fiber Prepreg in Automotive, By Geography
    5.5 Glass Fiber Prepreg in Sporting Goods, By Geography

 
6 Glass Fiber Prepreg Market, By Geography (Page No. - 40)
    6.1 Introduction
    6.2 North America Glass Fiber Prepreg Market
           6.2.1 North America Glass Fiber Prepreg Market, By Application
    6.3 Europe Glass Fiber Prepreg Market
           6.3.1 Europe Glass Fiber Prepreg Market, By Application
    6.4 Asia-Pacific Glass Fiber Prepreg Market
           6.4.1 Asia-Pacific Glass Fiber Prepreg Market, By Application
    6.5 RoW Glass Fiber Prepreg Market
           6.5.1 RoW Glass Fiber Prepreg Market, By Application

7 Glass Fiber Prepreg Market: Competitive Landscape (Page No. - 54)
    7.1 Glass Fiber Prepreg Market: Company Share Analysis
    7.2 Mergers & Acquisitions
    7.3 Collaborations
    7.4 Expansions
    7.5 Joint Ventures

8 Glass Fiber Prepreg Market, By Company (Page No. - 58)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    8.1 Hexcel Corporation
    8.2 Cytec Industries, Inc.
    8.3 Toray Industries, Inc.
    8.4 Teijin Limited
    8.5 Gurit Holding Ag
    8.6 Tencate Advanced Composites
    8.7 Axiom Materials, Inc.
    8.8 Mitsubishi Rayon Co. Ltd.
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Company

9 Appendix (Page No. - 80)
    9.1 Customization Options
           9.1.1 Technical Analysis
           9.1.2 Low-Cost Sourcing Locations
           9.1.3 Regulatory Framework
           9.1.4 Impact Analysis
           9.1.5 Trade Analysis
    9.2 Related Reports
    9.3 Introducing RT: Real Time Market Intelligence
           9.3.1 RT Snapshots

List of Tables (45 Tables)

Table 1 Global Prepreg Peer Market Size, 2014 (USD MN)
Table 2 Global Glass Fiber Prepreg Application Market, 2013 (KT)
Table 3 Global Glass Fiber Prepreg Market: Comparison With Parent Market, 2013-2019 (USD MN)
Table 4 Global Glass Fiber Prepreg Market: Comparison With Parent Market, 2013-2019 (KT)
Table 5 Global Glass Fiber Prepreg Market: Drivers and Inhibitors
Table 6 Global Glass Fiber Prepreg Market, By Application, 2013-2019 (USD MN)
Table 7 Global Glass Fiber Prepreg Market, By Application, 2013-2019 (KT)
Table 8 Global Glass Fiber Prepreg Market: Comparison With Application Markets, 2013-2019 (KT)
Table 9 Global Glass Fiber Prepreg Market: Vendor Side Market, 2013-2019 (KT)
Table 10 Global Glass Fiber Prepreg Market, By Application, 2013-2019 (USD MN)
Table 11 Global Glass Fiber Prepreg: Market, By Application,  2013-2019 (KT)
Table 12 Global Glass Fiber Prepreg in Aerospace & Defense, By Geography,  2013-2019 (USD MN)
Table 13 Global Glass Fiber Prepreg in Aerospace & Defense, By Geography,  2013-2019 (KT)
Table 14 Global Glass Fiber Prepreg in Wind Power, By Geography,  2013-2019 (USD MN)
Table 15 Global Glass Fiber Prepreg in Wind Power, By Geography, 2013-2019 (KT)
Table 16 Global Glass Fiber Prepreg in Automotive, By Geography,  2013-2019 (USD MN)
Table 17 Global Glass Fiber Prepreg in Automotive, By Geography, 2013-2019 (KT)
Table 18 Global Glass Fiber Prepreg in Sporting Goods, By Geography,  2013-2019 (USD MN)
Table 19 Global Glass Fiber Prepreg in Sporting Goods, By Geography,  2013-2019 (KT)
Table 20 Global Glass Fiber Prepreg Market, By Geography, 2013-2019 (USD MN)
Table 21 Global Glass Fiber Prepreg Market, By Geography, 2013-2019 (KT)
Table 22 North America Glass Fiber Prepreg Market, By Application,  2013-2019 (USD MN)
Table 23 North America Glass Fiber Prepreg Market, By Application,  2013-2019 (KT)
Table 24 Europe Glass Fiber Prepreg Market, By Application, 2013-2019 (USD MN)
Table 25 Europe Glass Fiber Prepreg Market, By Application, 2013-2019 (KT)
Table 26 Asia-Pacific Glass Fiber Prepreg Market, By Application, 2013-2019 (USD MN)
Table 27 Asia-Pacific Glass Fiber Prepreg Market, By Application, 2013-2019 (KT)
Table 28 RoW Glass Fiber Prepreg Market, By Application, 2013-2019 (USD MN)
Table 29 RoW Glass Fiber Prepreg Market, By Application, 2013-2019 (KT)
Table 30 Glass Fiber Prepreg Market: Company Share Analysis, 2014 (%)
Table 31 Global Glass Fiber Prepreg Market: Mergers & Acquisitions
Table 32 Global Glass Fiber Prepreg Market: Collaborations
Table 33 Global Glass Fiber Prepreg Market: Joint Ventures
Table 34 Hexcel Corporation: Key Financials, 2009-2013 (USD MN)
Table 35 Hexcel Corporation: Key Operations Data, 2009-2013 (USD MN)
Table 36 Cytec Industries, Inc.: Key Financials, 2009-2013 (USD MN)
Table 37 Cytec Industries, Inc.: Key Operations Data, 2009-2013 (USD MN)
Table 38 Toray Industries, Inc.: Key Financials, 2009-2013 (USD MN)
Table 39 Toray Industries, Inc.: Key Operations Data, 2009-2013 (USD MN)
Table 40 Toray Industries, Inc.: Key Operations Data, 2009-2013 (USD MN)
Table 41 Toray: Key Operations Data, 2009-2013 (USD MN)
Table 42 Teijin Limited: Key Financials, 2009-2013 (USD MN)
Table 43 Teijin Limited: Key Operations Data, 2009-2013 (USD MN)
Table 44 Tencate Advanced Composites: Key Financials, 2011-2013 (USD MN)
Table 45 Tencate Advanced Composites: Key Financials, 2011-2013 (USD MN)

List of Figures (40 Figures)

Figure 1 Global Glass Fiber Prepreg Market: Segmentation & Coverage
Figure 2 Glass Fiber Prepreg Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Global Glass Fiber Prepreg Market Snapshot
Figure 8 Glass Fiber Prepreg Market: Growth Aspects
Figure 9 Global Glass Fiber Prepreg Market, By Application, 2014 vs  2019
Figure 10 Glass Fiber Prepreg: Application Market Scenario
Figure 11 Global Glass Fiber Prepreg Market, By Application, 2014-2019 (USD MN)
Figure 12 Global Glass Fiber Prepreg Market, By Application,  2013-2019 (KT)
Figure 13 Global Glass Fiber Prepreg Market in Aerospace & Defense,  By Geography, 2013-2019 (USD MN)
Figure 14 Global Glass Fiber Prepreg Market in Wind Power, By Geography,  2013-2019 (USD MN)
Figure 15 Global Glass Fiber Prepreg Market in Automotive, By Geography,  2013-2019 (USD MN)
Figure 16 Global Glass Fiber Prepreg Market in Sporting Goods, By Geography, 2013-2019 (USD MN)
Figure 17 Global Glass Fiber Prepreg Market: Growth Analysis, By Geography, 2013-2019 (USD MN)
Figure 18 Global Glass Fiber Prepreg Market: Growth Analysis, By Geography,2013-2019 (KT)
Figure 19 North America Glass Fiber Prepreg Market, By Application,2013-2019 (USD MN)
Figure 20 North America Glass Fiber Prepreg Market: Application Snapshot
Figure 21 Europe Glass Fiber Prepreg Market, By Application, 2013-2019 (USD MN)
Figure 22 Europe Glass Fiber Prepreg Market: Application Snapshot
Figure 23 Asia-Pacific Glass Fiber Prepreg Market, By Application,  2013-2019 (USD MN)
Figure 24 Asia-Pacific Glass Fiber Prepreg Market: Application Snapshot
Figure 25 North America Glass Fiber Prepreg Market, By Application,2013-2019 (USD MN)
Figure 26 RoW Glass Fiber Prepreg Market: Application Snapshot
Figure 27 Glass Fiber Prepreg Market: Company Share Analysis, 2014 (%)
Figure 28 Global Glass Fiber Prepreg Market: Expansions
Figure 29 Hexcel Corporation: Revenue Mix, 2013 (%)
Figure 30 Hexcel Corporation Revenue, 2010-2014 (USD MN)
Figure 31 Cytec Industries, Inc.: Business Revenue Mix, 2014 (%)
Figure 32 Cytec Industries, Inc.: Revenue, 2009-2013 (USD MN)
Figure 33 Toray Industries, Inc.: Revenue Mix, 2013 (%)
Figure 34 Toray Industries, Inc.: Revenue, 2009-2013 (USD MN)
Figure 35 Teijin Limited: Business Revenue Mix, 2014 (%)
Figure 36 Teijin Limited: Revenue, 2009-2013 (USD MN)
Figure 37 Gurit Holding Ag: Business Revenue Mix, 2014 (%)
Figure 38 Gurit Holding Ag: Revenue, 2009-2013 (USD MN)
Figure 39 Tencate Advanced Composites: Revenue Mix, 2013 (%)
Figure 40 Tencate Advanced Composites: Revenue Mix, 2013 (%)

Glass fiber in fabric form offers an excellent combination of properties, for instance high strength and fire resistance. It is the best all-purpose choice among reinforcements for creating composite parts with excellent strength, low weight, and dimensional stability. The key advantages of glass fiber prepreg are high specific strength, corrosion resistance, consistent quality, and speed in manufacturing. These properties of glass as a fiber make it a unique industrial textile material.

The global glass fiber prepreg market was valued at $1,014.0 million in 2014, and is projected to reach $1,453.67 million by 2019, at a CAGR of 7.5% during the forecast period of 2014 to 2019. It is projected to reach a volume of 106.7 KT by 2019, at a CAGR of 6.81% during the forecast period. The rising demand for glass fiber prepreg from various applications (for instance, automotive, aerospace and defense), recent developments by the key players (for instance, Hexcel Corporation (U.S.), Cytec Industries (U.S.), and Toray Industries (Japan)), and low price as compared to carbon fiber are some of the key factors driving the global glass fiber prepreg market. On the other hand, the irreparable damage of glass fiber prepreg and increasing costs of raw materials (resin and glass fiber) are expected to restrain the growth of the market  Mergers & acquisitions, collaborations, joint ventures, and expansions are the major strategies adopted by the  companies to achieve growth in the glass fiber prepreg market..

North America dominates the global market for glass fiber prepreg, having accounted for a 37.6% share in 2014, followed by Europe. The Asia-Pacific region is expected to become a major market for the glass fiber prepreg with the highest growth rate of 9.9% during the forecast period.

The global glass fiber prepreg market has been broadly classified on the basis of application and ingredient. The applications include aerospace & defense, sporting goods, automotive, wind power, and other applications. On the basis of ingredients, the market is segmented into glass fiber and resins.

Key players in the global glass fiber prepreg market include Hexcel Corporation (U.S.), Cytec Industries, Inc. (U.S.), Gurit Holding AG (Switzerland), SGL Group, Toray Industries, Inc. (Japan), TenCate Advanced Composites (Netherlands), Axiom Materials, Inc. (U.S.), Mitsubishi Rayon Co., Ltd. (Japan), and Teijin Limited (Japan).