The glass fiber prepreg market was estimated at USD 557.3 million in 2020 and is likely to grow at a CAGR of 5.0% during 2021-2026 to reach USD 762.2 million in 2026.
Glass fiber or fiberglass is the oldest, and most familiar, performance fiber. Prepregs made from glass fiber offer several advantages such as superior FST performance, and moderate strength-to-weight ratio, and are lower in weight as compared to traditional materials, such as aluminum and steel. Glass fiber is widely used by various part fabricators to reduce the weight in different applications such as automotive components, wind turbine blades, and sporting goods. However, the crucial factor acting as the market constraint is its possible carcinogenic effect, coupled with low awareness about its usage in emerging economies.