Global Glass Fiber Prepreg Market is Estimated to Grow at a CAGR of 7.5%

Date: 2015-08-06

“The global glass fiber prepreg market is estimated to grow at a CAGR of 7.5% from 2014 to 2019. North America holds the largest share of the market among all regions, while Asia-Pacific is expected to grow at the highest CAGR of 9.9% during the forecast period. 
In this report, the global glass fiber prepreg market has been classified on the basis of applications and ingredients. The applications include aerospace & defense, sporting goods, automotive, wind power, and other applications. On the bass of ingredients, the market is segmented into glass fiber and resins.
The aerospace & defense application is the leading application in terms of value, followed by wind power application. The automotive application is the fastest-growing segment with an estimated CAGR of 8.5% from 2014 to 2019.
Theglobal glass fiber prepreg market is a competitive market with a number of market players. As of 2014, it was mainly dominated by Hexcel Corporation (U.S.), Cytec Industries, Inc. (U.S.), and Toray Industries, Inc. (Japan). Mergers & acquisitions, collaborations, joint ventures, and expansions are the major strategies adopted by most market players to achieve growth in the glass fiber prepreg market.

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