Key Findings
The Asia-Pacific prepreg market is predicted to record a CAGR of 9.56% in terms of volume and 11.09% of revenue during the forecast period, 2021-2028. The manufacturing sector is increasingly adopting innovation accelerators that include advanced processes & technologies. Also, the expenditure of the manufacturing companies has grown considerably over the years, which further contributes to market growth.
Market Insights
Vietnam, China, Australia & New Zealand, Japan, South Korea, India, Thailand, Indonesia, and Rest of Asia-Pacific are assessed for the Asia-Pacific prepreg market growth evaluation. In South Korea, electronics is one of the major industries. Also, South Korea is among the top manufacturers and exporters of electronic products globally. In addition, consumer electronics production has increased substantially since 2016. Moreover, the electronics industry recorded a significant production value in 2017.
Further, the automotive industry heavily relies on exports. South Korea is also the sixth-largest automobile producer worldwide. Besides, despite the decline, the automotive production is set to stabilize, given the large number of leading global automotive manufacturers setting up their manufacturing locations in South Korea.
Thailand has the largest production base for electrical appliances in ASEAN. Also, as per 2017 data, the automotive industry was the largest in Southeast Asia and the 12th largest globally. It has an annual output of almost two million vehicles. In addition, most vehicles built in the country are licensed and developed by foreign producers. Besides, the car industry benefits from the ASEAN Free Trade Area (AFTA) with regard to finding a market for its products.
Competitive Insights
Some of the leading market players include Toray Industries Inc, Renegade Materials Corporation, Teijin Limited, SGL Carbon SE, Royal Ten Cate NV, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments