According to Cognitive Market Research, the global Glass Prepreg market size is USD 6124.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 13.60% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2449.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1837.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1837.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 306.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.0% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 13.0% million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The automotive sector emerges as the dominating category in the Glass Prepreg market, driven by the increasing demand for lightweight materials to enhance fuel efficiency and reduce emissions.