Carbon Prepreg Market to Reach US$ 7,732.3 Million by 2023, Exhibit a CAGR of 9.21%
Market Overview: The global carbon prepreg market is estimated to be valued at US$ 7,732.3 million in 2023 and is expected to exhibit a CAGR of 9.21% over the forecast period 2023-2030. Carbon prepreg refers to a composite material made of carbon fibers pre-impregnated with a resin matrix. It offers several advantages such as high strength-to-weight ratio, excellent thermal conductivity, and resistance to corrosion. Carbon prepreg finds extensive applications in aerospace, automotive, wind energy, sporting goods, and other industries. The increasing demand for lightweight materials with superior mechanical properties is driving the growth of the carbon prepreg market. Market Key Trends: One key trend in the carbon prepreg market is the increasing adoption of carbon composites in the aerospace industry. Carbon prepreg offers exceptional strength and stiffness, making it an ideal material for aircraft components. With the rising need for fuel-efficient and lightweight aircraft, ma