Carbon Fiber Prepreg Market Share

European Market Forecast

The carbon fiber prepreg market in Europe is set to gather the highest share of about 30% over the forecast period, backed by growing disposable income in this region. Household gross disposable income rose 2.2% in the euro area and 2.4% in the EU during the fourth quarter of 2022. Hence, owing to this growth in disposable income, the people spending on electronic items in this region is also estimated to grow. Therefore, the market for carbon fiber prepreg is also projected to expand.

North American Market Analysis

The North America market for carbon fiber prepreg is also set to have significant growth over the forecast period. North America is known for its cutting-edge innovation and commitment to research and development. The region has well-established research institutes, universities, and corporate R&D centers that promote innovation in carbon fiber composites. The market for carbon fiber prepregs is significantly influenced by the automobile sector in North America. To achieve fuel efficiency requirements, lower emissions, and improve vehicle performance, manufacturers in the region are increasingly using carbon fiber composites.