Key Findings
The North America prepreg market is anticipated to record a CAGR of 8.42% in terms of volume and 9.85% in terms of revenue during the forecast period, 2021-2028. Effective manufacturing and trade policies enable market growth. In addition, there is a growing demand from automotive & transportation, oil & gas, and aerospace & defense industries.

Market Insights
The United States and Canada are analyzed for the North America prepreg market growth evaluation. In Canada, the lucrative business policies for domestic and global markets and robust R&D infrastructure aid manufacturing industries’ growth. Also, the consumer electronics industry is witnessing fast-paced growth, given the rising opportunities from key product categories like touch screen pads and mobile phones. This is also attributable to the inclination of Canadians towards product innovations. In addition, due to the declining automotive production, the automotive industry is integrating with the NAFTA agreement to increase its exports and encourage manufacturing activities. For instance, Ford Motor Co announced its R&D center in Ottawa as part of its $1.2 billion investment in March 2017.
Furthermore, the aerospace industry contributed substantially to the nation’s GDP in 2019. It also exports more than 70% of its products to over 190 countries. Additionally, 70% of activities are related to aerospace manufacturing, and most exports are supply chain components. Such factors raise the demand for prepregs in Canada.

Competitive Insights
Some of the key firms operating in the market are Hexcel Corporation, Ventec Group, Axiom Materials Inc, Renegade Materials Corporation, 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