Aramid Prepreg Market - Forecast 2021 - 2026
Aramid Prepreg Market Overview Aramid Prepreg market size is forecast to reach US$5.2 billion by 2026, after growing at a CAGR of 8.9% during 2021-2026. The aramid prepreg is an aramid fiber layer that is woven together with the resins and resembles a fabric that is woven with aramid fibers and folded into sheets. Para-aramid fiber fabrics are infused with a controlled amount of epoxy resin and phthalic anhydrides to create aramid prepreg. Some of the prominent trends that the market is seeing are raising demand for greater safety and security. Reinforcement fiber based on thermoset and thermoplastic matrixes is essentially used to make the parts stronger and lighter. The rapid growth of the electronics industry has increased the demand for printed circuit boards (PCB); thereby, fueling the market growth. Furthermore, the flourishing automotive and aerospace industry is also expected to drive the aramid Prepreg industry substantially during the forecast period. Aramid Prepreg Market C...