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Global Tow Prepreg Market

Tow Prepreg Market size and Segment By Resin Type (Epoxy Resin, Phenolic Resin, Others) By Fiber Type (Carbon Fiber, Glass Fiber, Others) By Application (Pressure Vessels, Scuba Tanks, Oxygen Cylinders, Others) By End-Use Industry (Aerospace & Defense, Automotive & Transportation, Sports & Recreational, Oil & Gas, Others),by Regions and Global Forecast 2022-2028

Report Id: SNS/C&M/2189 | July 2022 | Region: Global | 125 Pages

Report scope & Overview:

Tow Prepreg Market Size was valued at USD 280.5 million in 2021, and expected to reach USD 627.88 million by 2028, and grow at a CAGR of 12.2 % over the forecast period 2022-2028.

Tow prepregs are made of strands of glass fibre, carbon, and a binding material called duro plastic resin. The growth of the tow prepreg market is driven by the increasing use of tow prepregs in a wide range of industries and the rising demand for lightweight and cost-effective materials. During the forecast period, the demand for tow prepregs is also expected to rise due to rapid urbanisation, economic growth, and large investments in research and development.

Tow Prepreg Market Revenue Graph

Market Dynamics:

Drivers:

  1. More and more cars and aeroplanes are being made with tow prepreg.
  2. Advantages over the process of wet-winding
  3. The oil and gas industry is increasing its demand for tow prepregs.

Restraints:

  1. High cost of processing and making

Opportunity:

  1. Demand from emerging economies is rising.

Impact of Covid-19:

Due to the COVID-19 pandemic, the market for tow prepreg is expected to go down in 2020. The entire world has been hurt by this deadly virus, especially the APAC and European regions. To stop this virus from spreading even more, businesses have shut down their operations and factories, and the government has put limits on building. Because of this, the amount of Tow prepreg used in all applications has gone down.

COVID-19 and other regulations, like long processes for getting permits, have slowed down the production of end-use industries, which has decreased the need for tow prepreg. But the demand for tow prepreg should rise again in 2021. China was the first country to be affected by COVID-19, which messed up the global tow prepreg supply chain and slowed down manufacturing in a number of industries that use tow prepreg. But the aerospace and defence, automotive and transportation, and other industries have started making things again and are expected to get back to normal soon. This has caused the demand for tow prepreg to go up.

Key Players:

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

Market Segment:

By Resin Type:

  1. Epoxy Resin
  2. Phenolic Resin
  3. Others

By Fiber Type:

  1. Carbon Fiber
  2. Glass Fiber
  3. Others

By Application:

  1. Pressure Vessels
  2. Scuba Tanks
  3. Oxygen Cylinders
  4. Others

By End-Use Industry:

  • Aerospace & Defense

  • Automotive & Transportation

  • Sports & Recreational

  • Oil & Gas

  • Others

Tow Prepreg Market Segment Chart

Regional Analysis:

The tow prepreg market is expected to be one of the largest in Europe. This is because BMW, BAE Systems, Airbus, and other large manufacturers in the area make cars and aeroplanes. The growth of the aerospace, wind energy, automotive, and military industries in France and Germany is also driving the market in Europe. Germany has the largest market for cars in Europe. In these countries, the government and environmental groups are putting a lot of pressure on manufacturers to reduce carbon emissions. Because of this, OEMs are using more and more tow prepregs in cars.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Tow Prepreg Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 280.5 Million
Market Size by 2028 US$ 627.88 Million
CAGR CAGR of 12.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Resin Type (Epoxy Resin, Phenolic Resin, Others)
• By Fiber Type (Carbon Fiber, Glass Fiber, Others)
• By Application (Pressure Vessels, Scuba Tanks, Oxygen Cylinders, Others)
• By End-Use Industry (Aerospace & Defense, Automotive & Transportation, Sports & Recreational, Oil & Gas, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles TCR Composites, Inc., SGL Carbon SE, HEXCEL Corporation, VITECH COMPOSITES., ARISAWA Mfg. Co., Ltd., Mitsubishi Chemical Holdings Corporation, JXTG Holdings, Inc., Red Composites Ltd., Teijin Limited, Porcher Industries, and other players.
DRIVERS • More and more cars and aeroplanes are being made with tow prepreg.
• Advantages over the process of wet-winding
• The oil and gas industry is increasing its demand for tow prepregs.
Restraints • High cost of processing and making


Frequently Asked Questions (FAQ) :

Ans: More and more cars and aeroplanes are being made with tow prepreg, Advantages over the process of wet-winding and The oil and gas industry is increasing its demand for tow prepregs are the drivers for Tow Prepreg Market.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: TCR Composites, Inc., SGL Carbon SE, HEXCEL Corporation, VITECH COMPOSITES., ARISAWA Mfg. Co., Ltd., Mitsubishi Chemical Holdings Corporation, JXTG Holdings, Inc., Red Composites Ltd., Teijin Limited, Porcher Industries are the major key players of  Tow Prepreg Market.

 

Ans: High cost of processing and making are the restraints for Tow Prepreg Market.

Ans: Tow Prepreg Market Size was valued at USD 280.5 million in 2021, and expected to reach USD 627.88 million by 2028, and grow at a CAGR of 12.2 % over the forecast period 2022-2028.


Table of Content:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Tow Prepreg Market Segment, By Resin Type

8.1 Epoxy Resin

8.2 Phenolic Resin

8.3 Others

 

9.Tow Prepreg Market Segment, By Fiber Type

9.1 Carbon Fiber

9.2 Glass Fiber

9.3 Others

 

10.Tow Prepreg Market Segment, By Application

10.1 Pressure Vessels

10.2 Scuba Tanks

10.3 Oxygen Cylinders

10.4 Others

 

11.Tow Prepreg Market Segment, By End-Use Industry

11.1 Aerospace & Defense

11.2 Automotive & Transportation

11.3 Sports & Recreational

11.4 Oil & Gas

11.5 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profile

13.1 TCR Composites, Inc.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 SGL Carbon SE

13.3 HEXCEL Corporation

13.4 VITECH COMPOSITES.

13.5 ARISAWA Mfg. Co., Ltd.

13.6 Mitsubishi Chemical Holdings Corporation

13.7 JXTG Holdings, Inc.

13.8 Red Composites Ltd.

13.9 Teijin Limited

13.10 Porcher Industries

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

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Secondary Research

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