Non-Woven Glass Fiber Prepreg Market Global Forecast to 2021

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Non-Woven Glass Fiber Prepreg Market Global
Forecast to 2021
Summary 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. The global non-woven glass fiber prepreg
market has been categorized on the basis of
application and region. On the basis of
application, the market is segmented into wind
energy, electronics, automotive, aerospace
defense, and others. The non-woven glass fiber
prepreg market in the Asia- Pacific region is
projected to grow at the highest CAGR during the
forecast period due to the continuous rise in
the wind energy and electronics segments. For
the report on non-woven glass fiber prepreg
market, 2015 is considered as the base year, and
the forecast period is 2016 to 2021.

• The Objectives of this study are
• To define, describe, and forecast the non-woven
  glass fiber prepreg market based on application
  and region
• To analyze and forecast the volume (kilotons) and
  value (USD million) of the global non-woven
  glass fiber prepreg market
• To provide detailed information regarding key
  factors influencing the
• growth of the market, such as drivers,
  restraints, opportunities, and industry-specific
  challenges
• To strategically analyze micromarkets with
  respect to individual growth trends, future
  prospects, and contribution made to the overall
  market

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• To analyze the opportunities in the market for
  stakeholders and draw a competitive landscape of
  the market
• To forecast the market size in terms of value
  with respect to five main
• regions (along with countries), namely,
  Asia-Pacific, North America, Europe, Middle East
  Africa, and Latin America South America
• To strategically profile key players and
  comprehensively analyze their
• core competencies
• To analyze competitive developments, such as
  joint ventures, mergers acquisitions, new
  product developments, and research development
  activities (RD) in the global non-woven glass
  fiber prepreg market

The non-woven glass fiber prepreg market has a
diversified ecosystem, including raw material
suppliers along with vendors, end users, and
government organizations. Key players in this
market are Owens Corning (U.S.), SAERTEX GmbH
Co. KG (Germany), Jushi Group Co., Ltd
(China), PPG Industries Inc. (U.S.), Johns
Manville (U.S.), Saint-Gobain Adfors (France),
and Ahlstrom Oyj (Finland), among others. The
government and research organizations, raw
material suppliers and distributors, construction
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companies, and industry associations are
considered as critical stakeholders in this
study.
Scope of The Report The global non-woven glass
fiber prepreg market was valued at USD 504.7
Million in 2015 and is projected to reach USD
834.5 Million by 2021, at a CAGR of 8.8 from
2016 to 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. Among all applications,
the automotive non-woven glass fiber prepreg
segment is the fastest-growing segment in the
non-woven glass fiber prepreg market, in terms
of value. Stringent regulations are laid on the
automotive sector in order to reduce CO2
emissions. This has resulted in the inclination
of automotive manufacturers to produce
lightweight automobiles using composites such as
prepregs. Wind energy is the largest application
segment and the second fastest-growing
application segment. Prepregs are primarily used
in the wind blades to give them structural
strength and corrosion resistance. It is a
promising sector as it is environment-friendly
due to which its demand is expected to only rise
in the future. Growing environmental concerns,
especially in countries such as China and India,
are expected to lead the growth of wind energy
application in the next five years. Asia-Pacific
held the largest share of the global non-woven
glass fiber prepreg market in 2015. The wind
energy segment of the Asia-Pacific market is
witnessing growth due to government support and
the growing requirement of electricity from the
industries in the region. Increasing consumption
of electronic goods have also led to an increase
in the demand of non-woven glass fiber prepregs
due to their application in the PCBs of
electronic goods. Factors inhibiting the growth
of the global non-woven glass fiber prepreg
market include increasing health consciousness
leading to a decline in consumption of
chocolates, sugars, and other similar
products and
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increasing incidences of obesity and diabetes.
Owens Corning (U.S.), SAERTEX GmbH Co. KG
(Germany), Jushi Group Co., Ltd (China), PPG
Industries Inc. (U.S.), Johns Manville (U.S.),
Saint-Gobain Adfors (France), and Ahlstrom Oyj
(Finland) are the key players operating in
non-woven glass fiber prepreg market.