Non-Woven Glass Fiber Prepreg Market is estimated to reach market value of USD 1394.42 million by 2027 and is growing at a rate of 8.90% in the forecast period of 2020 to 2027 with the factors like complication associated with the recycling prepreg material and short shelf life of prepregs along with high manufacturing expenditure of non-woven glass fiber composites act as restraints and will hinder the growth of the market.
To overcome certain restrictions, the rising demand for lightweight composites from automotive industry will act as an opportunity for the growth of the market.
According to Data Bridge Market Research the market for non-woven glass fiber prepreg is developing owing to certain factors such as escalating usage of non-woven glass fiber prepregs in aerospace and electronics sectors and increasing demand for sports goods & sports equipment. The growing need for harnessing wind energy and enlargement in the market of non-woven glass fiber prepregs are also helping the market to grow. Mounting demand for automotive is also anticipated to enhance the growth of the market.
Now the question is which are the regions that non-woven glass fiber prepreg market players should target? Data Bridge Market Research has forecasted Asia- Pacific to dominate the market in the forecast period of 2020 to 2027 due to due to escalating government support and enlargement in the electricity industry in the region.
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Non-woven glass fiber prepreg market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of non-woven glass fiber prepreg companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-non-woven-glass-fiber-prepreg-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Non-Woven Glass Fiber Prepreg Market – Industry Trends and Forecast to 2027