Thermoplastic Prepreg Market Size

Thermoplastic Prepreg Market size was valued at USD 290 million in 2024 and is expected to reach USD 1.39 billion by 2037, exhibiting a CAGR of 12.8%. In 2025, the industry size of thermoplastic prepreg is evaluated at USD 330 million.

The rising demand for durable and lightweight materials in the automotive and aerospace industries is a major driver of the market. They offer superior features in comparison to traditional materials. For instance, in May 2024, the National Aeronautics and Space Administration (NASA) published a literature review on the advances in thermoplastic composites over three decades. It stated that advancements in automation drive the adoption of thermoplastic composites, and thermoplastic composites prepreg quality has improved over time, offering nearly infinite room temperature shelf life. The growing adoption of thermoplastic composites drives demand for prepregs, creating opportunities for suppliers and manufacturers.

Additionally, the rising demand for fuel-efficient vehicles is a major driver for the market. Automakers are leveraging thermoplastic prepregs to produce lightweight components that improve fuel efficiency without making concessions on durability. In November 2024, the U.S. Environmental Protection Agency released the 50th annual Automotive Trends Report, highlighting the U.S. fuel economy of 2023 reaching a record high and greenhouse gas emissions (GHG) dropped to record low levels. The improving fuel economy and reduction in emissions create opportunities for thermoplastic prepregs to provide sustainable performance-enhancing solutions.

The thermoplastic prepreg market is poised to benefit from surging opportunities in the green energy market, especially in wind turbine manufacturing. Thermoplastic prepregs offer the durability and lightweight properties required to create turbine blades. For instance, in March 2022, the ZEBRA consortium produced the prototype of its 100% recyclable wind turbine blade made using Elium resin of Arkema, i.e., a thermoplastic resin known for its recyclable properties. Such advancements are poised to create opportunities in wind turbine rotor blade manufacturing, with a global manufacturing focus shifting to usher in a circular economy. The thermoplastic prepregs market is poised to leverage the favorable trends and continue its robust growth by the end of the forecast period.

Frequently Asked Questions (FAQ)

The global thermoplastic prepreg sector was valued at USD 290 million in 2024 and is poised to expand at a CAGR of 12.8% during the forecast period, i.e., 2025-2037.

The global thermoplastic prepreg market was valued at USD 290 million in 2024 and expand at a CAGR of 12.8% during the forecast period, i.e., 2025-2037. In 2037, the market is expected to reach USD 1.39 billion by 2037.

The major players in the market are Toray Advanced Composites, Solvay, BASF, Syensqo, Ensinger, Krempel GmbH, Hexcel Corporation, Arkema, Lanxess, SABIC, BASF SE, Teijin Limited, and others.

The PEEK segment of the market by matrix material is poised to register a dominant revenue share of 54.6% during the forecast period. The segment’s growth is attributed to PEEK’s thermal stability boosting demand from the aerospace and automobile sectors.

North America established itself as a dominant region in the global thermoplastic prepreg market with a 30.9% share during the forecast period. The rising production of electric vehicles in the region is driving demand for thermoplastic prepreg, while the well-established aerospace sector remains a steady end user of the material.

Thermoplastic Prepreg Market Size