Tow Prepreg Market

Tow Prepreg Market Overview

Prepreg is known as reinforcing fabric that has been pre-impregnated with resin system. The resin system includes proper curing agent. Prepreg is one of the essential materials used in multilayer boards and holds the cores together. Tow prepreg features high filament numbers and is majorly used in industries which require great robustness. Tow prepregs consists of a combination of glass fiber filament, carbon, and duro plastic resin as binder material. The tow prepreg is pre-impregnated, which allows industrial manufacturers to enhance their output by eliminating the resin coating.

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Major Tow Prepreg Market Drivers

Rising usage of tow prepreg in the oil & gas industry and benefits of over wet-winding process is key factor driving the growth of the global Tow Prepreg market. Wet winding process is majorly used for circular, hollow, or oval sectional components such as tanks, and pipes. Materials involved in wet winding process includes resins, fibres, and cores. The process is limited to convex shaped components and includes wastage of materials leading to environmental pollution. It generates health hazards for workers and technicians, therefore it is not considered as a suitable working environment for workers. Wet winding process develops issues related to resin pot-life, odour, and off-gassing. However, tow prepregs are efficient in overcoming all of the challenges faced through wet winding process. The tow prepreg process does not include volatile organic components, and no solvents are involved in the process. The process involves low raw material cost and allows flexibility in resin/ fiber combination. Unlike wet winding process, the working environment is clean for workers and enhances the winding process. Such advantages of tow prepared over wet winding process is catalyzing the growth of the market, globally. On contrary, high manufacturing and processing cost might hamper the growth of the market.

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Based on the fiber type, the market is segmented into carbon fiber, glass fiber, and other. Among these, the carbon fiber is expected to grow at a higher CAGR during the forecast period. This is attributed to the high demand for carbon fiber in automotive & transportation, aerospace & defense, and sports & recreational sectors. Moreover, its enhanced properties such as high strength, excellent fatigue resistance, lightweight, and no corrosion accelerates the growth of the carbon fiber in Tow Prepreg market, globally. In addition to this, glass fiber segment is expected to grow at a higher CAGR during the forecast period as prepreg produced through glass fiber has excellent thermal conductivity, durability, dimensional stability, and good chemical resistance.

On the basis of end-use Industry, the market is segmented into aerospace & defense, automotive & transportation, sports & recreational, oil & gas, and others. Among these, the aerospace & defense industry is expected to grow at a higher CAGR during the forecast period. Increasing usage of product in manufacturing of numerous aerospace parts such as air ducts, lavatories, cabin linings, passenger floor panels, bars, ceiling panels, fins & winglets due to tow prepreg’s light weight nature would generate the growth of market. On the other hand, the automotive & transportation industry is projected to grow at a higher CAGR during the forecast period owing to the increasing usage of tow prepreg in manufacturing of transmission axle, CNG cylinders, leaf springs, and other automotive components in the industry. Additionally, to reduce environmental pollution, automotive & transportation industry is inclined toward environment friendly products, which fuels the growth of the market.

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Regional – Segment Analysis

Based on region, Asia-Pacific is projected to grow at higher CAGR during the forecast period. This is due to the continuous growth in installation of wind capacity across major countries in the region, which includes Indonesia, China, and India.

Top Market Players

The major players operating in Tow Prepreg market includes TCR Composites, SGL Carbon, JXTG Holdings, Inc., TEIJIN LIMITED, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, Red Composites Ltd, Arisawa Manufacturing Co., Ltd, Porcher Industries Designs and Vitech Composites among others.

Segments covered in the Report:

The Global Tow Prepreg market has been segmented based on Resin Type, Fiber Type, Application, End-Use Industry and Region. Based on Resin Type, the market is segmented into Epoxy Resin, Phenolic Resin, and Others. Based on Fiber Type, the market is segmented into Carbon Fibre, Glass Fibre, and Others. Based on Application, the market is segmented into Pressure Vessel, Scuba Tanks, Oxygen Cylinders, and Others. Based on End-Use Industry, the market is segmented into Aerospace & Defense, Automotive & Transportation, Sports & Recreational, Oil & Gas, and Others.

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Key questions answered in this research report:

• • At what pace is the global Tow Prepreg market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global Tow Prepreg market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Tow Prepreg market?
  • What are the application areas in global Tow Prepreg market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
  • Which type of fiber generated maximum revenues in 2019 and identify the most promising products during the forecast period?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Resin Type, By Fiber Type, By Application, By End-Use Industry, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	TCR Composites, SGL Carbon, JXTG Holdings, Inc., TEIJIN LIMITED, Mitsubishi Chemical Holdings Corporation, Hexcel Corporation, Red Composites Ltd, Arisawa Manufacturing Co., Ltd, Porcher Industries Designs, and Vitech Composites among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Tow Prepreg Market by Resin Type

• • Epoxy Resin
  • Phenolic Resin
  • Others (Bismaleimide (BMI), Polyamide (PA), Polypropylene (PP), and Polyethertherketone (PEEK))

Global Tow Prepreg Market by Fiber Type

• • Carbon Fiber
  • Glass Fiber
  • Others (Basalt and Aramid)

Global Tow Prepreg Market by Application

• • Pressure Vessel
  • Scuba Tanks
  • Oxygen Cylinders
  • Others (Mobile pipeline, fire extinguishers, and other high-pressure cylinders)

Global Tow Prepreg Market by End-Use Industry

• • Aerospace & defense
  • Automotive & transportation
  • Sports & recreational
  • Oil & gas
  • Others (Medical, marine, industrial, and wind energy)

Global Tow Prepreg Market by Region

• • North America Tow Prepreg Market (Option 1: As a part of the free 25% customization)

    • North America Market by Resin Type
    • North America Market by Fiber Type
    • North America Market by Application
    • North America Market by End-Use Industry
    • United States of America (US) Market All-Up
    • Canada Market All-Up

  • Europe Tow Prepreg Market (Option 2: As a part of the free 25% customization)

    • Europe Market by Resin Type
    • Europe Market by Fiber Type
    • Europe Market by Application
    • Europe Market by End-Use Industry
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Tow Prepreg Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Market by Resin Type
    • Asia-Pacific Market by Fiber Type
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by End-Use Industry
    • China Market All-Up
    • India All-Up Market All-Up
    • Japan All-Up Market All-Up
    • Rest of APAC Market All-Up

  • RoW Tow Prepreg Market (Option 4: As a part of the free 25% customization)

    • RoW Market by Resin Type
    • RoW Market by Fiber Type
    • RoW Market by Application
    • RoW Market by End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • TCR Composites
  • SGL Carbon
  • JXTG Holdings, Inc.
  • TEIJIN LIMITED
  • Mitsubishi Chemical Holdings Corporation
  • Hexcel Corporation
  • Red Composites Ltd
  • Arisawa Manufacturing Co., Ltd
  • Porcher Industries Designs
  • Vitech Composites