Prepreg Market Size, Share, Growth Analysis, By Resin Type (Thermoset, Thermoplastic), By Fiber Type (Carbon, Glass), By Manufacturing Process (Hot-Melt, Solvent Dip), By Region -Industry Forecast 2025-2032

Prepreg Market size was valued at USD 12.24 Billion in 2023 and is poised to grow from USD 13.56 Billion in 2024 to USD 30.81 Billion by 2032, growing at a CAGR of 10.8% during the forecast period (2025-2032).

The market is expanding mainly due to the growing demand for prepregs brought on by the expansion of the automobile sector. For example, Ford Motor Company produces rear suspension knuckles utilising prepregs and other components. Additionally, in recent years, manufacturers have been using carbon fibre composite materials instead of e-glass for vehicles that are lighter and use less gasoline. Only highly specialised applications using techniques with low volume outputs are used in automobiles. Carbon composite materials are used in a wider variety of automotive constructions as a result of increased research and development in carbon fibre manufacturing firms.

Additionally, the growing demand for carbon fiber-reinforced plastic (CFRP) presents a significant opportunity for the prepreg sector. A carbon fibre that has been resin-impregnated is called a carbon prepreg. As a result, it is the material of choice for CFRP production. CFRP is used in walls, slabs, columns, and beams. Buildings, tunnels, parking structures, and bridges are among the many structurally flawed infrastructures that it is often utilised to upgrade and restore. Therefore, there has been a positive trend in the demand for carbon prepregs as the use of carbon fibre reinforced plastic has increased.