Global Non-Woven Glass Fiber Prepreg Market Overview
The Non-Woven Glass Fiber Prepreg Market Size was estimated at 3.45 (USD Billion) in 2022.The Non-Woven Glass Fiber Prepreg Industry is expected to grow from 3.69(USD Billion) in 2023 to 6.9 (USD Billion) by 2032. The Non-Woven Glass Fiber Prepreg Market CAGR (growth rate) is expected to be around 7.18% during the forecast period (2024 - 2032).
Key Non-Woven Glass Fiber Prepreg Market Trends Highlighted
The Non-Woven Glass Fiber Prepreg Market is primarily influenced by the increasing use of lightweight and high-performance materials across different industries. The market is witnessing traction due to increasing composite materials demand from aerospace, automotive and wind energy sectors. In addition, the increasing need for better fuel efficiency and reduced greenhouse gas emissions is boosting the transportation industry’s consumption of non-woven glass fiber prepregs.
There is also a general trend in the market leaning towards green and sustainable alternatives. Non-woven glass fiber prepregs that do not degrade or cannot be recycled are being addressed by the manufacturers who are carrying out R&D activities to develop and introduce such products. Thus, the improvement of operations proved that the use of such technologies as automation and artificial intelligence is justified and lowers the operating costs.
The bottlenecks in the Non-Woven Glass Fiber Prepreg Market exist in terms of newer penetrative strategies for dominating regions like Asia-Pacific. The upsurge in infrastructural growth and industrialization in these regions is creating a conducive climate towards non-woven glass fiber prepregs adoption. Other factors include the growing focus on the use of alternative energy systems is likely to augment demand for non-woven glass fiber prepregs in the wind energy industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Woven Glass Fiber Prepreg Market Drivers
Non-Woven Glass Fiber Prepreg Market Industry - Increasing Demand for Lightweight Materials
The Non-Woven Glass Fiber Prepreg Market Industry is rapidly expanding due to the rising demand for lightweight materials in various industries, such as automotive, aerospace, and construction. Non-woven glass fiber prepregs consist of continuous glass fibers in a resin matrix, which provides these materials with the unique properties of strength, stiffness, and lightness. Therefore, such materials can be used in vehicles, aircraft, and wind turbines because non-woven glass fibers can make components several times lighter while maintaining their strong and firm structure.Notably, the Government’s concerns about the environment and carbon emissions, as well as issues regarding energy consumption and efficiency, have also influenced industrial development, and the demand for lightweight, non-woven glass fiber prepregs has grown as it allows for lower carbon emissions and reduce the consumption of fuel in transportation and machinery industries.
Advancements in Production Technology
Moreover, the rise in the Non-Woven Glass Fiber Prepreg Market Industry is facilitated by the development of advanced technologies for non-woven glass fiber prepregs production. Constant improvements in fiber processing technologies and resin formulations and the development of manufacturing processes not only of non-woven glass fiber prepregs but also of other composite materials have made it possible to produce high-quality prepregs that possess novel mechanical properties and lower prime costs.This increasingly improves the efficiency of the prepregs industry and broadens the sphere of application of these materials. In addition, constant work in the sphere of nanotechnology and composites production will cause the development of innovative technologies and create novel perspectives for the further growth of the Non-Woven Glass Fiber Prepreg Market Industry.
Growing Adoption in Emerging Economies
Besides, with the growth of non-woven glass fiber prepreg being witnessed in emerging economies, one more factor can be added that drives the Non-Woven Glass Fiber Prepreg Market Industry. At the same time as industrialization, infrastructure, and urbanization development in these countries and regions, they create more and more opportunities to utilize lightweight materials; therefore, in order to acquire the materials that would still be cheap and durable, non-woven glass fiber prepreg is used in the construction, transportation, and consumer goods industry.In addition to that, with growth in this market, manufacturing and local supply bases grow inside these countries.
Non-Woven Glass Fiber Prepreg Market Segment Insights
Non-Woven Glass Fiber Prepreg Market Application Insights
The Non-Woven Glass Fiber Prepreg Market is divided by application into Wind Turbine Blades, Automotive Components, Marine Applications, Construction Materials, Aerospace Composites, and Medical Devices. All of the mentioned segments are projected to show positive growth over the reviewed period, and the one with Wind Turbine Blades should maintain the largest share of the market over the forecast period. According to Zhang, this segment is expected to grow at a CAGR of 7.5% from 2024 to 2032. Enhanced use of wind energy has been recorded in most parts of the world.In second place in the Non-Woven Glass Fiber Prepreg Market by application, it is possible to place Automotive Components with a growth rate of 6.8% over the reviewed period. In this segment, the demand for prefated fibers is driven by the need for fuel-efficient vehicles that weigh very little. In third place, the Global Non-Woven Glass Fiber Prepreg application with the highest growth rates in Marine Applications, which are projected to grow at a CAGR of 6.5% over the reviewed period. The most sought-after materials are currently being made from fiber-like fiberglass that is light and tough.Finishing the list of the most promising segments of the Non-Woven Glass Fiber Prepreg Market, it is possible to mention Construction Materials, which are projected to grow at a CAGR of 6.2% in the period from 2024 to 2032. Similarly to those applications that were discussed above, their popularity is associated with the high demand for enduring and light materials that are highly needed for this industry. Finally, the segment of the Global Non-Woven Glass Fiber Prepreg with the lowest growth rate over the reviewed period is that of Medical Devices, where the rates are projected to reach 5.8%.This popularity is facilitated by the demand for light and easily blended materials.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Woven Glass Fiber Prepreg Market Resin Type Insights
The resin type segment of the Non-Woven Glass Fiber Prepreg Market is divided into Epoxy Resins, Phenolic Resins, Polyester Resins, and Vinylester Resins. Epoxy Resins had the largest market share of around 40% in 2023 and are expected to maintain their lead throughout the forecast period. Their rapid growth can be explained by these resins’ superior properties, such as high strength, excellent chemical resistance, and good electrical insulation. Meanwhile, with their low cost and thermal stability, Phenolic Resins are predicted to witness a decent growth rate over the forecast period.Polyester Resins, with their high strength and low weight, are extensively adopted by the automotive and construction industries. At the same time, Vinylester Resins’ excellent corrosion resistance and toughness are contributing to their growing popularity in the marine industry. The Non-Woven Glass Fiber Prepreg Market is expanding due to the increasing demand for lightweight, high-performance materials.
Non-Woven Glass Fiber Prepreg Market Fiber Type Insights
The fiber type segment of the Non-Woven Glass Fiber Prepreg Market is segmented into E-Glass Fibers, S-Glass Fibers, C-Glass Fibers, and Quartz Fibers. E-glass fibers are the most commonly used type of glass fibers in non-woven prepregs due to their high strength, stiffness, and low cost and are expected to account for approximately 55% of the Non-Woven Glass Fiber Prepreg Market revenue in 2024. S-Glass fibers offer higher strength and stiffness than E-Glass fibers but are also more expensive. C-Glass fibers are more resistant to chemicals and heat than E-Glass fibers but have lower strength and stiffness.Quartz fibers offer the highest strength and stiffness of all glass fibers but are also the most expensive. The growth of the Non-Woven Glass Fiber Prepreg Market is expected to be driven by the increasing demand for lightweight and high-strength materials in various industries such as aerospace, automotive, and construction.
Non-Woven Glass Fiber Prepreg Market Fiber Orientation Insights
The Fiber Orientation segment is a crucial aspect of the Non-Woven Glass Fiber Prepreg Market, influencing its growth and dynamics. Among the key fiber orientations, Unidirectional, Cross-Plied, and Biaxial hold significant market shares. Unidirectional fiber orientation offers high strength and stiffness along a single direction, making it ideal for applications requiring unidirectional reinforcement. Cross-Plied orientation involves alternating layers of fibers in perpendicular directions, providing balanced strength and stiffness in both directions.Biaxial orientation, on the other hand, aligns fibers in two perpendicular directions, resulting in uniform strength and stiffness properties. The Non-Woven Glass Fiber Prepreg Market revenue for Unidirectional fiber orientation is projected to reach $1.8 billion by 2024, owing to its widespread use in aerospace, automotive, and wind energy applications. Cross-Plied orientation is expected to account for a market value of $1.2 billion by 2024, driven by its applications in printed circuit boards and sporting goods. Biaxial orientation, with a projected market value of $1.1 billion by 2024, finds applications in marine, construction, and medical industries.The segmentation of the Non-Woven Glass Fiber Prepreg Market based on Fiber Orientation provides insights into the specific characteristics, applications, and market dynamics of each orientation type, enabling stakeholders to make informed decisions and capitalize on growth opportunities.
Non-Woven Glass Fiber Prepreg Market Regional Insights
The Non-Woven Glass Fiber Prepreg Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the presence of major automotive and aerospace industries in the region. Europe is expected to be the second-largest market, followed by APAC. The APAC region is expected to witness the highest growth rate during the forecast period due to the increasing demand for non-woven glass fiber prepregs in the automotive and wind energy industries.South America and MEA are expected to have a relatively smaller market share but are expected to witness steady growth during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Woven Glass Fiber Prepreg Market Key Players And Competitive Insights
Major players in the Non-Woven Glass Fiber Prepreg Market industry are continuously striving to gain a competitive edge by investing in research and development to enhance their product offerings and expand their market presence. Leading Non-Woven Glass Fiber Prepreg Market players are actively involved in strategic partnerships, collaborations, and acquisitions to strengthen their market position and expand their global reach. The Non-Woven Glass Fiber Prepreg Market industry is characterized by intense competition, with companies employing various strategies to differentiate their products and services, such as offering customized solutions, providing value-added services, and focusing on niche markets. Non-Woven Glass Fiber Prepreg Market development is driven by ongoing advancements in technology, increasing demand for lightweight and high-performance materials in various industries, and growing environmental concerns.Among the leading players in the Non-Woven Glass Fiber Prepreg Market, Owens Corning is a prominent company known for its innovative solutions and extensive product portfolio. The company focuses on delivering high-quality products and providing comprehensive support to its customers. Owens Corning has a strong global presence and is committed to sustainability, which aligns with the growing demand for eco-friendly materials in the market. The company's commitment to research and development enables it to stay at the forefront of industry advancements and meet the evolving needs of its customers.Another notable competitor in the Non-Woven Glass Fiber Prepreg Market is Jushi Group. The company has established itself as a reliable supplier of Non-Woven Glass Fiber Prepreg to various industries. Jushi Group places emphasis on product quality and customer satisfaction, ensuring that its products meet the highest standards. The company's commitment to innovation and customer service has helped it gain a loyal customer base and expand its market reach. Jushi Group's strong manufacturing capabilities and global presence enable it to cater to the diverse needs of its customers in different regions.
Key Companies in the Non-Woven Glass Fiber Prepreg Market Include
- SGL Carbon
- Gurit Holding AG
- Changzhou Tianma Group
- Cytec Industries
- Hexcel
- Jingwei Textile Machinery
- Toray Industries
- Composites One
- Nippon Electric Glass
- Diab
- Teijin
- Japan Exlan
- Shenzhen Tasuns Composite Material
- Jushi Group
- Owens Corning
Non-Woven Glass Fiber Prepreg Market Industry Developments
Recent developments in the Non-Woven Glass Fiber Prepreg Market have highlighted the increasing demand for lightweight and durable materials in various industries. Major players such as AGY Holding Corp., Johns Manville Corporation, and Nippon Electric Glass Co., Ltd. are investing in research and development to enhance product performance and expand their market presence. Strategic partnerships and acquisitions are also shaping the competitive landscape, with companies seeking to strengthen their position in the global market. The growing adoption of non-woven glass fiber prepregs in aerospace, automotive, and wind energy applications is driving market growth. Government regulations and environmental concerns are further propelling the demand for sustainable and lightweight materials, creating opportunities for non-woven glass fiber prepregs in the construction and transportation sectors.
Non-Woven Glass Fiber Prepreg Market Segmentation Insights
- Non-Woven Glass Fiber Prepreg Market Application Outlook
- Wind Turbine Blades
- Automotive Components
- Marine Applications
- Construction Materials
- Aerospace Composites
- Medical Devices
- Non-Woven Glass Fiber Prepreg Market Resin Type Outlook
- Epoxy Resins
- Phenolic Resins
- Polyester Resins
- Vinylester Resins
- Non-Woven Glass Fiber Prepreg Market Fiber Type Outlook
- E-Glass Fibers
- S-Glass Fibers
- C-Glass Fibers
- Quartz Fibers
- Non-Woven Glass Fiber Prepreg Market Fiber Orientation Outlook
- Unidirectional
- Cross-Plied
- Biaxial
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.45(USD Billion) |
| Market Size 2023 |
3.69(USD Billion) |
| Market Size 2032 |
6.9(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
7.18% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
SGL Carbon, Gurit Holding AG, Changzhou Tianma Group, Cytec Industries, Hexcel, Jingwei Textile Machinery, Toray Industries, Composites One, Nippon Electric Glass, Diab, Teijin, Japan Exlan, Shenzhen Tasuns Composite Material, Jushi Group, Owens Corning |
| Segments Covered |
Application, Resin Type, Fiber Type, Fiber Orientation, Regional |
| Key Market Opportunities |
Increasing demand for high-performance composites Automotive and aerospace industry growth Expanding applications in construction and infrastructure Growing popularity of wind energy industry and Advancements in nonwoven glass fiber technology |
| Key Market Dynamics |
Increasing demand for lightweight materials Rising adoption in automotive and aerospace industries Government regulations on fuel efficiency Technological advancements Growing awareness about sustainability |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Non-Woven Glass Fiber Prepreg Market is expected to reach USD 6.9 billion by 2032, growing at a CAGR of 7.18% from 2024 to 2032.
The key regions in the Non-Woven Glass Fiber Prepreg Market are North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the largest market share, followed by North America and Europe.
The major applications of Non-Woven Glass Fiber Prepreg include automotive, aerospace, construction, and wind energy.
The key competitors in the Non-Woven Glass Fiber Prepreg Market include Owens Corning, Saint-Gobain, PPG Industries, and 3M.
The key growth drivers in the Non-Woven Glass Fiber Prepreg Market include increasing demand from the automotive and aerospace industries, rising construction activities, and growing awareness of lightweight materials.
The challenges in the Non-Woven Glass Fiber Prepreg Market include high raw material costs, intense competition, and stringent environmental regulations.
The opportunities in the Non-Woven Glass Fiber Prepreg Market include growing demand from emerging markets, technological advancements, and increasing adoption of new applications.
The trends in the Non-Woven Glass Fiber Prepreg Market include increasing use of automation, development of new products and focus on sustainability.
The Non-Woven Glass Fiber Prepreg Market is expected to grow at a CAGR of 7.18% from 2024 to 2032.
The key factors driving the growth of the Non-Woven Glass Fiber Prepreg Market include increasing demand from the automotive and aerospace industries, rising construction activities, and growing awareness of lightweight materials.
