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    Tow Prepreg Market Report

    Tow Prepreg Market Report
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    Tow Prepreg Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026 See more...

    Impact of COVID-19 on Tow Prepreg Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Tow Prepreg Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Tow Prepreg Market is likely to witness an impressive CAGR of 10.0% during the forecast period. The growing demand from various industries such as aerospace & defense, automotive & transportation, and oil & gas is the main factor contributing to the growth of the tow prepreg market. The surge in production of commercial aircraft by Boeing and Airbus to cater to the increasing airline traffic of passengers is also bolstering the growth of the market. Further, the mounting use of tow prepregs in electric cars and aircraft is substantially underpinning the growth of the market, globally.

    Tow Prepreg Market - Snapshot

    Growth

    10.0% for the next five years

    Fastest End-Use Industry Type

    Automotive & Transportation

    Dominant Fiber Type

    Carbon Fiber

    Region with the highest demand

    Europe

    Key Players

    ARISAWA Mfg. Co., Ltd., HEXCEL Corporation, JXTG Holdings, Inc., Mitsubishi Chemical Holdings Corporation, Porcher Industries, Red Composites Ltd., SGL Carbon SE, TCR Composites, Inc., Teijin Limited, and VITECH COMPOSITES.

    Segment Analysis

    Tow-Prepreg-Market-Dominant-Segments

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    Tow Prepreg Market Share: By End-Use Industry Type

    Based on the end-use industry type, the market is segmented as aerospace & defense, trends in aerospace industry, automotive & transportation, sports & recreational, oil & gas, and others. The automotive & transportation industry is expected to be the fastest-growing segment of the tow prepreg market due to the use of tow prepreg in the manufacturing of CNG cylinders, transmission axles, leaf springs, and other automotive components used in the automotive industry. There are many challenges that the automotive industry faces in terms of enhancing the energy efficiency, reduction in vehicle emissions, and increasing durability. Tow prepregs are increasingly preferred by the industry to achieve much improved and better performance, including high mechanical features and low weight. Due to stringent environmental factors, car manufacturers come under pressure to manufacture more fuel-efficient cars, so that the carbon emissions can be reduced, eventually fueling the growth of the tow prepreg market during the forecast period.

    Tow Prepreg Market Share: By Fiber Type

    Based on the fiber type, the tow prepreg market is segmented as carbon fiber, glass, and others. Carbon fiber is expected to be the largest segment of the market during the forecast period, in terms of value, owing to its wide use in various industries such as aerospace & defense, automotive & transportation, and sports & recreational sectors. This fiber offers features such as higher strength modulus, higher tensile strength and elastic modulus in comparison to the other fiber types.

    Tow Prepreg Market Share: By Region

    In terms of regions, Europe is estimated to be the leading region in the tow prepreg market during the forecast period, with The UK and Germany being the major countries with a large number of offshore wind energy installations and lucrative growth opportunities. The aerospace & defense industry has launched Airbus A320 and the Eurofighter successfully in the region. The penetration of the aerospace & defense industry in Europe by tow prepreg manufacturers is due to the low corporate income tax and growth in the industry. The strict rules and regulations implemented by the European Union Automotive Fuel Economy standard is to reduce the emission of carbon by making use of lightweight materials and the EU has also agreed to reduce 37.5% of carbon in cars by the year 2030, which in turn, has led to the wide use of tow prepregs in electric cars in the European region. Asia-Pacific and North-America are also expected to offer substantial growth opportunities during the forecast period.

    Tow-Prepreg-Market-By-Region

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    Market Scope & Segmentation

    Tow prepreg is basically a fiber bundle or a tow product which is preimpregnated with resin. High level of productivity can be achieved by making use of tow prepregs with the filament winding method, a forming method which is used in CF shaft and gas cylinder production.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Tow Prepreg Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The tow prepreg market is segmented into the following categories. 

    Tow Prepreg Market Size, Share, & Forecast, by Resin Type:

    • Epoxy Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Phenolic Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Tow Prepreg Market Size, Share, & Forecast, by Fiber Type:

    • Carbon Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Tow Prepreg Market Size, Share, & Forecast, by Application Type:

    • Pressure Vessels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Scuba Tank (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oxygen Cylinders (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Tow Prepreg Market Size, Share, & Forecast, by End-Use Industry Type:

    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Trends in Aerospace Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive & Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sports & Recreational (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Tow Prepreg Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Tow-Prepreg-Market-Segmentation

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    Key Players

    Some of the key players in the tow prepreg market are-

    • ARISAWA Mfg. Co., Ltd.
    • HEXCEL Corporation
    • JXTG Holdings, Inc.
    • Mitsubishi Chemical Holdings Corporation
    • Porcher Industries
    • Red Composites Ltd.
    • SGL Carbon SE
    • TCR Composites, Inc.
    • Teijin Limited
    • VITECH COMPOSITES.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the resin types by end-user industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The tow prepreg market is expected to witness an impressive growth of 10.0% CAGR in the foreseeable future.

    ARISAWA Mfg. Co., Ltd., HEXCEL Corporation, JXTG Holdings, Inc., Mitsubishi Chemical Holdings Corporation, Porcher Industries, Red Composites Ltd., SGL Carbon SE, TCR Composites, Inc., Teijin Limited, and VITECH COMPOSITES are among the key players in the tow prepreg market.

    Europe is expected to be the leading region in the tow prepreg market during the forecast period of 2021-26.

    Carbon fiber is expected to be the largest segment of the tow prepreg market over the next five years.

    The automotive & transportation industry is expected to be the fastest-growing end-use industry in the tow prepreg market in the coming five years.

    The growing demand from various industries such as aerospace & defense, automotive & transportation, and oil & gas is the main factor contributing to the growth of the tow prepreg market.

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