South Korea Glass Fiber Prepreg Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030.
The South Korea glass fiber prepreg market is experiencing notable growth, driven by increasing demand from a variety of industries. Glass fiber prepregs, composite materials made of glass fibers and resins, are crucial in producing lightweight, durable, and high-performance products. These characteristics make them highly desirable in sectors such as automotive, aerospace, construction, and wind energy, where performance and sustainability are top priorities.
In recent years, the South Korean glass fiber prepreg market has expanded significantly, with manufacturers focusing on enhancing product quality and expanding their market reach. This is a result of the widespread adoption of composite materials in industries that prioritize high strength-to-weight ratios, corrosion resistance, and heat resistance. The demand for glass fiber prepregs is particularly high in industries such as automotive, where weight reduction is a critical factor for fuel efficiency and emissions control.
One of the driving factors behind the rise of the glass fiber prepreg market in South Korea is the increasing adoption of electric vehicles (EVs). The automotive industry's shift toward EVs has led to a greater need for lightweight materials that help improve energy efficiency and performance. Glass fiber prepregs provide a perfect solution by reducing the overall weight of vehicles while maintaining their structural integrity.
In the aerospace industry, the use of glass fiber prepregs is also on the rise due to their ability to withstand high temperatures and resist corrosion, making them ideal for the construction of aircraft components. As the demand for more fuel-efficient and long-lasting aircraft grows, manufacturers in South Korea are investing in advanced glass fiber prepreg production technologies to meet these needs.
The wind energy sector in South Korea is another significant contributor to the growing demand for glass fiber prepregs. As the country continues to expand its renewable energy capacity, the need for high-performance composite materials for wind turbine blades increases. Glass fiber prepregs offer the necessary strength and flexibility to withstand harsh environmental conditions while providing the durability needed for long-term operation.
The South Korean glass fiber prepreg market is expected to continue growing as industries in the region increasingly rely on these materials for a variety of applications. As technology advances and demand increases, the market is poised for further development, offering numerous opportunities for manufacturers and businesses to innovate and grow.
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Tencate
Gurit Holdings
PRF Composite Materials
Hexcel Corporation
SGL Group
Cytec Industries
Porcher Industries
Teijin Limited
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Glass Fiber Prepreg Market
Continuous Fiber
Chopped Strand Fiber
Glass Fabric
Glass Mat
Epoxy Resin
Polyester Resin
Vinyl Ester Resin
Phenolic Resin
Aerospace
Automotive
Electronics
Marine
Construction
Sporting Goods
Hot Pressing
Cold Pressing
Vacuum Bagging
Injection Molding
Aerospace and Defense
Automobile Manufacturers
Consumer Electronics
Construction Industry
Wind Energy Sector
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Glass Fiber Prepreg Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Glass Fiber Prepreg Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Glass Fiber Prepreg Market, By Type
6. South Korea Glass Fiber Prepreg Market, By Application
7. South Korea Glass Fiber Prepreg Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Glass Fiber Prepreg Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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