Tow Prepreg Market

Tow Prepreg Market by Fiber Type (Carbon, Glass), Resin Type (Epoxy, Phenolic), Application (Pressure Vessel, Scuba Tanks, Oxygen Cylinders), End-use Industry, Region (Europe, North America, APAC, MEA, Latin America) - Global Forecast to 2024

Report Code: CH 7478 Dec, 2019, by marketsandmarkets.com
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[121 Pages Report] The tow prepreg market size is projected to grow from USD 305 million in 2019 to USD 492 million by 2024, at a CAGR of 10.0%. The tow prepreg market is growing due to its increasing demand from the aerospace & defense, automotive & transportation, and oil & gas industries.  Boeing and Airbus have increased the production of commercial aircraft to cater to the rising airline passenger traffic. There is increasing use of tow prepreg in electric cars and aircraft.

Tow Prepreg Market

Automotive & transportation industry is expected to be the fastest-growing consumer of tow prepreg.

The end-use industries of tow prepreg include aerospace & defense, automotive & transportation, sports & recreational, and oil & gas. The automotive & transportation industry is the fastest-growing consumer of tow prepreg. This is due to the use of tow prepreg in the manufacturing of CNG cylinders, leaf springs, transmission axle, and other automotive components in the automotive industry. The automotive industry faces many challenges in terms of improving energy efficiency, reducing vehicle emissions, and increasing durability. The industry is increasingly preferring tow prepregs to achieve improved performance, which includes high mechanical properties and low weight. Due to stricter environmental norms, car manufacturers are under pressure to manufacture fuel-efficient cars to reduce carbon emissions.  All these factors are fueling the growth of the tow prepreg market.

The carbon fiber tow prepreg segment is expected to account for the major share of the tow prepreg market, in terms of value, during the forecast period.

The carbon fiber tow prepreg segment dominated the global tow prepreg market, in terms of value, as it is widely used in the aerospace & defense, automotive & transportation, and sports & recreational sectors. This fiber has a higher strength modulus in comparison to the other types. This tow prepreg possesses high tensile strength and elastic modulus.

Tow Prepreg Market

Europe is expected to lead the tow prepreg market during the forecast period.

Europe is a key tow prepreg market.  The aerospace & defense industry in the region is at the forefront of innovation with the successful launch of Airbus A320 family and the Eurofighter. The low corporate income tax and growth in the aerospace & defense industry in the region have helped tow prepreg manufacturers to penetrate this industry in the region. Hexcel recently launched its new carbon fiber plant in France to cater to the aerospace industry programs such as Airbus (A350 XWB) and Safran (CFM International LEAP engine). The European Union Automotive Fuel Economy (UNEP) standard has implemented stringent regulations for automotive OEMs to decrease carbon emissions by using lightweight materials. The EU has also agreed on a 37.5% CO2 reduction for cars by 2030.  This has led to extensive use of tow prepreg in electric cars in the region.  There are a large number of offshore wind energy installations, especially in the UK and Germany.

Key Market Players

The tow prepreg market comprises major solution providers, such as TCR Composites(US), SGL Carbon SE (Germany), JXTG Holdings, Inc. (Japan), Teijin Ltd. (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), Porcher Industries Designs (France), Red Composites Ltd. (UK), Vitech Composites (France), and Arisawa Mfg. Co., Ltd. (Japan). The study includes an in-depth competitive analysis of these key players in the tow prepreg market, with their company profiles, recent developments, and key market strategies. 

SGL Carbon SE (Germany) is one of the prime manufacturers of tow prepreg in the European region. It has the most extensive product portfolio. It specializes in developing, manufacturing, and supplying tow prepreg products to various industries worldwide. Carbon fiber-based materials and products manufactured by the company are used in various industries such as wind energy, transportation, and aerospace & defense. The company manages its business through two business units, namely, composites – fibers & materials (CFM) and graphite materials & systems (GMS). The company offers its tow prepregs under the composites – fibers & materials segment. The company has 29 manufacturing facilities across the globe and has a service network in more than 100 countries. In March 2015, SGL Carbon SE introduced tow prepreg under the brand name, SIGRAPREG TowPregs. This product offers superior mechanical properties and permits uniform lay-up. This helped the company offer attractive material solutions for various component classes to customers in various end-use industries.

Scope of the Report

Report Metric

Details

Years considered for the study

2019–2024

Base year

2018

Forecast period

2019–2024

Units considered

Value (USD Million), Volume (Ton)

Segments

Resin type, fiber type, application, end-use industry, and region

Regions

Europe, North America,  APAC, Middle East & Africa, and Latin America

Companies

TCR Composites (US), SGL Carbon SE (Germany), JXTG Holdings, Inc. (Japan), Teijin Ltd. (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), Porcher Industries Designs (France), Red Composites Ltd. (UK), Vitech Composites (France), and Arisawa Mfg. Co., Ltd. (Japan)

This research report categorizes the tow prepreg market based on resin type, fiber type, application, end-use industry, and region.

On the basis of resin type, the tow prepreg market has been segmented as follows:

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

On the basis of fiber type, the tow prepreg market has been segmented as follows:

  • Carbon
  • Glass
  • Others (Basalt and Aramid)

On the basis of application, the tow prepreg market has been segmented as follows:

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

On the basis of end-use industry, the tow prepreg market has been segmented as follows:

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

On the basis of region, the tow prepreg market has been segmented as follows:

  • Europe
  • North America
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Recent Developments

  • In August 2017, SGL Carbon SE entered into a collaboration with AMC (Automotive Management Consulting), to produce bicycle components (bicycle chain ring and handlebar stem/seat clamp) made using carbon fiber tow pregs. These components were manufactured using AMC’s proprietary technology, “xFK in 3D,” that uses continuous composite fibers and 3D winding to produce complex-shaped and lightweight structures.
  • In November 2015, Red Composites Ltd. manufactured a product using a pitch-based high modulus carbon fiber to cater to the demand from industries that requires towpreg with high modulus.
  • In March 2015, SGL Carbon introduced tow prepreg under the brand name, SIGRAPREG TowPregs. This product offers superior mechanical properties and permits uniform lay-up.

Key Questions Addressed by the Report

  • Which are the major end-use industries of tow prepreg?
  • Which region is the largest and fastest-growing market for tow prepreg?
  • What are the major fiber types of tow prepreg?
  • What are the major applications of tow prepreg?
  • What are the major resin types of tow prepreg?
  • What are the major strategies adopted by the leading market players?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 15)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 18)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
    2.2 MARKET SIZE ESTIMATION
    2.3 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 25)

4 PREMIUM INSIGHTS (Page No. - 29)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE TOW PREPREG MARKET
    4.2 TOW PREPREG MARKET, BY APPLICATION AND REGION
    4.3 TOW PREPREG MARKET, BY END-USE INDUSTRY
    4.4 TOW PREPREG MARKET, BY FIBER TYPE
    4.5 TOW PREPREG MARKET, BY RESIN TYPE
    4.6 TOW PREPREG MARKET, BY COUNTRY

5 MARKET OVERVIEW (Page No. - 32)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing use of tow prepreg in the oil & gas industry
                    5.2.1.2 Advantages over wet-winding process
           5.2.2 RESTRAINTS
                    5.2.2.1 High processing and manufacturing cost
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand from emerging economies
                    5.2.3.2 Penetration of tow prepregs in new applications
           5.2.4 CHALLENGES
                    5.2.4.1 Developing low-cost technologies
    5.3 PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 MACROECONOMIC OVERVIEW AND KEY TRENDS
           5.4.1 INTRODUCTION
           5.4.2 TRENDS AND FORECAST OF GDP
           5.4.3 TRENDS IN AEROSPACE INDUSTRY
           5.4.4 TRENDS IN AUTOMOTIVE INDUSTRY

6 TOW PREPREG MARKET, BY RESIN TYPE (Page No. - 40)
    6.1 INTRODUCTION
    6.2 EPOXY RESIN
    6.3 PHENOLIC RESIN
    6.4 OTHERS

7 TOW PREPREG MARKET, BY FIBER TYPE (Page No. - 43)
    7.1 INTRODUCTION
    7.2 CARBON FIBER
           7.2.1 HIGH DEMAND FROM AEROSPACE & DEFENSE INDUSTRY DRIVING DEMAND FOR CARBON FIBER BASED TOW PREPREG
    7.3 GLASS
           7.3.1 GLASS FIBER SEGMENT HOLDS THE LARGEST MARKET SHARE, IN TERMS OF VOLUME
    7.4 OTHERS

8 TOW PREPREG MARKET, BY APPLICATION (Page No. - 53)
    8.1 INTRODUCTION
    8.2 PRESSURE VESSEL
           8.2.1 GROWING CONSUMPTION IN OIL & GAS INDUSTRY DRIVING THE DEMAND IN PRESSURE VESSEL
    8.3 SCUBA TANKS
           8.3.1 GROWING DEMAND FROM NORTH AMERICA AND EUROPE IS FUELING THE GROWTH
    8.4 OXYGEN CYLINDERS
           8.4.1 OXYGEN CYLINDER WITNESSING GROWING DEMAND IN MEDICAL INDUSTRY
    8.5 OTHERS

9 TOW PREPREG MARKET, BY END-USE INDUSTRY (Page No. - 60)
    9.1 INTRODUCTION
    9.2 AEROSPACE & DEFENSE
           9.2.1 HIGH DEMAND FROM EUROPEAN REGION FUELING GROWTH OF TOW PREPREG IN AEROSPACE & DEFENSE INDUSTRY
    9.3 TRENDS IN AEROSPACE INDUSTRY
    9.4 AUTOMOTIVE & TRANSPORTATION
           9.4.1 AUTOMOTIVE & TRANSPORTATION IS THE FASTEST-GROWING SEGMENT IN THE OVERALL TOW PREPREG MARKET
    9.5 SPORTS & RECREATIONAL
           9.5.1 EUROPE IS BIGGEST CONSUMER OF TOW PREPREG IN SPORTS & RECREATIONAL INDUSTRY
    9.6 OIL & GAS
           9.6.1 TOW PREPREG INCREASINGLY USED IN PRESSURE VESSEL
    9.7 OTHERS

10 TOW PREPREG MARKET, BY REGION (Page No. - 69)
     10.1 INTRODUCTION
     10.2 NORTH AMERICA
             10.2.1 US
                       10.2.1.1 US is the largest market for tow prepreg across the globe
             10.2.2 CANADA
                       10.2.2.1 Aerospace & defense industry is driving the demand in the country
     10.3 EUROPE
             10.3.1 GERMANY
                       10.3.1.1 High demand from the aerospace & defense industry is augmenting the growth in the country
             10.3.2 FRANCE
                       10.3.2.1 Presence of major aircraft manufacturers helping the market growth
             10.3.3 UK
                       10.3.3.1 UK is the third-largest market for tow prepreg in Europe
             10.3.4 ITALY
                       10.3.4.1 Growth of major end-use industries, including automotive & transportation, expected to support the market growth
     10.4 APAC
             10.4.1 CHINA
                       10.4.1.1 Growing consumption in oil & gas and automotive industries expected to drive the market
             10.4.2 JAPAN
                       10.4.2.1 Japan is the second-largest market for tow prepreg in APAC
             10.4.3 SOUTH KOREA
                       10.4.3.1 Heavy investment in automotive industry anticipated to increase consumption of tow prepreg
     10.5 MEA
             10.5.1 UAE
                       10.5.1.1 UAE is the largest market in the MEA
             10.5.2 SAUDI ARABIA
                       10.5.2.1 Increasing demand from oil & gas and automotive industries driving the market
     10.6 LATIN AMERICA
             10.6.1 BRAZIL
                       10.6.1.1 Automotive & transportation to drive the tow prepreg market in Brazil
             10.6.2 MEXICO
                       10.6.2.1 Mexico is second-largest market for tow prepreg in the region

11 COMPETITIVE LANDSCAPE (Page No. - 89)
     11.1 INTRODUCTION
     11.2 COMPETITIVE LEADERSHIP MAPPING
             11.2.1 DYNAMIC DIFFERENTIATORS
             11.2.2 INNOVATORS
             11.2.3 VISIONARY LEADERS
             11.2.4 EMERGING COMPANIES
     11.3 STRENGTH OF PRODUCT PORTFOLIO
     11.4 BUSINESS STRATEGY EXCELLENCE
     11.5 MARKET RANKING
     11.6 COMPETITIVE SCENARIO
             11.6.1 NEW PRODUCT DEVELOPMENT
             11.6.2 PARTNERSHIP

12 COMPANY PROFILE (Page No. - 94)
(Business Overview, Products Offered, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat From Competition, Right To Win)*
     12.1 TCR COMPOSITES
     12.2 SGL CARBON SE
     12.3 JXTG HOLDINGS, INC.
     12.4 TEIJIN LIMITED
     12.5 MITSUBISHI CHEMICAL HOLDINGS CORPORATION
     12.6 HEXCEL CORPORATION
     12.7 PORCHER INDUSTRIES
     12.8 RED COMPOSITES LTD.
     12.9 VITECH COMPOSITES
     12.10 A RISAWA MFG. CO., LTD.
     12.11 OTHER COMPANIES
               12.11.1 FIBRTEC
               12.11.2 CTMI (COMPOSITE TEXTILE MATERIALS INNOVATION)
               12.11.3 ATA GROUP

*Details on Business Overview, Products Offered, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat From Competition, Right To Win might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 116)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS


LIST OF TABLES (80 Tables)

TABLE 1 TOW PREPREG MARKET SIZE, 2017–2024
TABLE 2 TRENDS AND FORECAST OF GDP, 2017–2024 (USD BILLION)
TABLE 3 TOW PREPREG MARKET SIZE, BY RESIN TYPE, 2017–2024 (TON)
TABLE 4 TOW PREPREG MARKET SIZE, BY RESIN TYPE, 2017–2024 (USD MILLION)
TABLE 5 TOW PREPREG MARKET SIZE, BY FIBER TYPE, 2017–2024 (TON)
TABLE 6 TOW PREPREG MARKET SIZE, BY FIBER TYPE, 2017–2024 (USD MILLION)
TABLE 7 CARBON FIBER TOW PREPREG MARKET SIZE, BY REGION, 2017–2024 (TON)
TABLE 8 CARBON FIBER TOW PREPREG MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 9 CARBON FIBER TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
TABLE 10 CARBON FIBER TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 11 CARBON FIBER TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 12 CARBON FIBER TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
TABLE 13 GLASS FIBER TOW PREPREG MARKET SIZE, BY REGION, 2017–2024 (TON)
TABLE 14 GLASS FIBER TOW PREPREG MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 15 GLASS FIBER TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
TABLE 16 GLASS FIBER TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 17 GLASS FIBER TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 18 GLASS FIBER TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
TABLE 19 OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY REGION, 2017–2024 (TON)
TABLE 20 OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 21 OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
TABLE 22 OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 23 OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 24 OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
TABLE 25 TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
TABLE 26 TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 27 TOW PREPREG MARKET SIZE IN PRESSURE VESSEL, BY REGION, 2017–2024 (TON)
TABLE 28 TOW PREPREG MARKET SIZE IN PRESSURE VESSEL, BY REGION, 2017–2024 (USD MILLION)
TABLE 29 TOW PREPREG MARKET SIZE IN SCUBA TANKS, BY REGION, 2017–2024 (TON)
TABLE 30 TOW PREPREG MARKET SIZE IN SCUBA TANKS, BY REGION, 2017–2024 (USD MILLION)
TABLE 31 TOW PREPREG MARKET SIZE IN OXYGEN CYLINDERS, BY REGION, 2017–2024 (TON)
TABLE 32 TOW PREPREG MARKET SIZE IN OXYGEN CYLINDERS, BY REGION, 2017–2024 (USD MILLION)
TABLE 33 TOW PREPREG MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2024 (TON)
TABLE 34 TOW PREPREG MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2024 (USD MILLION)
TABLE 35 TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 36 TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
TABLE 37 TOW PREPREG MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2017–2024 (TON)
TABLE 38 TOW PREPREG MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2017–2024 (USD MILLION)
TABLE 39 NUMBER OF NEW AIRPLANE DELIVERIES, BY REGION
TABLE 40 TOW PREPREG MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017–2024 (TON)
TABLE 41 TOW PREPREG MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017–2024 (USD MILLION)
TABLE 42 CARS AND COMMERCIAL VEHICLES PRODUCTION, BY REGION (2018)
TABLE 43 TOW PREPREG MARKET SIZE IN SPORTS & RECREATIONAL, BY REGION, 2017–2024 (TON)
TABLE 44 TOW PREPREG MARKET SIZE IN SPORTS & RECREATIONAL, BY REGION, 2014–2021 (USD MILLION)
TABLE 45 TOW PREPREG MARKET SIZE IN OIL & GAS, BY REGION, 2017–2024 (TON)
TABLE 46 TOW PREPREG MARKET SIZE IN OIL & GAS, BY REGION, 2017–2024 (USD MILLION)
TABLE 47 TOW PREPREG MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2024 (TON)
TABLE 48 TOW PREPREG MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2024 (USD MILLION)
TABLE 49 TOW PREPREG MARKET SIZE, BY REGION, 2017–2024 (TON)
TABLE 50 TOW PREPREG MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 51 NORTH AMERICA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
TABLE 52 NORTH AMERICA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 53 NORTH AMERICA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 54 NORTH AMERICA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
TABLE 55 NORTH AMERICA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
TABLE 56 NORTH AMERICA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 57 EUROPE: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
TABLE 58 EUROPE: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 59 EUROPE: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 60 EUROPE: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
TABLE 61 EUROPE: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
TABLE 62 EUROPE: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 63 APAC: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
TABLE 64 APAC: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 65 APAC: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 66 APAC: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
TABLE 67 APAC: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
TABLE 68 APAC: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 69 MEA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
TABLE 70 MEA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 71 MEA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 72 MEA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
TABLE 73 MEA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
TABLE 74 MEA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
TABLE 75 LATIN AMERICA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017–2024 (TON)
TABLE 76 LATIN AMERICA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 77 LATIN AMERICA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (TON)
TABLE 78 LATIN AMERICA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
TABLE 79 LATIN AMERICA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (TON)
TABLE 80 LATIN AMERICA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
 
 
LIST OF FIGURES (39 Figures)
 
FIGURE 1 TOW PREPREG MARKET: RESEARCH DESIGN
FIGURE 2 SHARE OF PRIMARY INTERVIEWS WITH STAKEHOLDERS IN MAJOR COUNTRIES
FIGURE 3 MARKET SIZE ESTIMATION: DEMAND-SIDE
FIGURE 4 MARKET SIZE ESTIMATION: SUPPLY-SIDE
FIGURE 5 TOW PREPREG MARKET: DATA TRIANGULATION
FIGURE 6 CARBON WAS THE MAJOR FIBER TYPE OF TOW PREPREG IN 2018
FIGURE 7 OIL & GAS DOMINATED THE TOW PREPREG MARKET IN 2018
FIGURE 8 PRESSURE VESSEL WAS THE MAJOR APPLICATION OF TOW PREPREG IN 2018
FIGURE 9 US IS THE LARGEST MARKET FOR TOW PREPREG
FIGURE 10 APAC TO REGISTER THE HIGHEST CAGR BETWEEN 2019 AND 2024
FIGURE 11 HIGH DEMAND FROM OIL & GAS INDUSTRY TO DRIVE THE MARKET
FIGURE 12 EUROPE ACCOUNTED FOR THE LARGEST MARKET SHARE
FIGURE 13 OIL & GAS INDUSTRY TO DOMINATE THE OVERALL TOW PREPREG MARKET
FIGURE 14 GLASS FIBER TYPE ACCOUNTS FOR THE LARGER SHARE OF THE OVERALL TOW PREPREG MARKET
FIGURE 15 EPOXY RESIN TYPE ACCOUNTS FOR THE LARGEST SHARE OF OVERALL TOW PREPREG MARKET
FIGURE 16 CHINA TO REGISTER THE HIGHEST CAGR IN THE TOW PREPREG MARKET
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE TOW PREPREG MARKET
FIGURE 18 PORTER’S FIVE FORCES: TOW PREPREG MARKET
FIGURE 19 TRENDS AND FORECAST OF GDP, 2018–2024 (USD BILLION)
FIGURE 20 AUTOMOTIVE PRODUCTION IN KEY COUNTRIES, MILLION UNITS (2017 VS. 2018)
FIGURE 21 CARBON TO BE THE LARGEST FIBER TYPE, BY VALUE, IN THE TOW PREPREG MARKET
FIGURE 22 APAC TO BE FASTEST-GROWING MARKET FOR CARBON FIBER TOW PREPREG
FIGURE 23 PRESSURE VESSEL TO BE LARGEST APPLICATION, BY VALUE, OF TOW PREPREG MARKET
FIGURE 24 APAC TO BE FASTEST-GROWING MARKET FOR TOW PREPREG IN PRESSURE VESSEL
FIGURE 25 OIL & GAS TO BE LARGEST END USER OF TOW PREPREG
FIGURE 26 APAC TO BE FASTEST-GROWING MARKET FOR TOW PREPREG IN OIL & GAS INDUSTRY
FIGURE 27 GERMANY TO REGISTER THE HIGHEST CAGR
FIGURE 28 NORTH AMERICA: TOW PREPREG MARKET SNAPSHOT
FIGURE 29 EUROPE: TOW PREPREG MARKET SNAPSHOT
FIGURE 30 APAC: TOW PREPREG MARKET SNAPSHOT
FIGURE 31 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS KEY GROWTH STRATEGY BETWEEN 2015 AND 2019
FIGURE 32 TOW PREPREG MARKET: COMPETITIVE LEADERSHIP MAPPING, 2018
FIGURE 33 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN TOW PREPREG MARKET
FIGURE 34 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN TOW PREPREG MARKET
FIGURE 35 SGL CARBON SE: COMPANY SNAPSHOT
FIGURE 36 JXTG HOLDINGS, INC.: COMPANY SNAPSHOT
FIGURE 37 TEIJIN LIMITED: COMPANY SNAPSHOT
FIGURE 38 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY SNAPSHOT
FIGURE 39 HEXCEL CORPORATION: COMPANY SNAPSHOT

The study involved four major activities to estimate the current size for the tow prepreg market. Exhaustive secondary research was done to collect information about the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of the market segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The tow prepreg market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of various industries such as aerospace & defense, oil & gas, automotive & transportation, sports & recreational, and other industries. The supply side is characterized by advancements in technology and applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Tow Prepreg Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Supply-side and demand-side were used to estimate and validate the total tow prepreg market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size included the following: The key players in the industry and markets were identified through extensive secondary research. The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the aerospace & defense, oil & gas, automotive & transportation, sports & recreational, and other industries.

Report Objectives

  • To define, describe, and forecast the market size of tow prepreg market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze and forecast the market on the basis of resin type, fiber type, application, and end-use industry
  • To analyze and forecast the market on the basis of five regions, namely, Europe, North America, APAC, the MEA, and Latin America
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To strategically profile the key players and comprehensively analyze their market share and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of Rest of Europe tow prepreg market
  • Further breakdown of Rest of Asia Pacific tow prepreg market
  • Further breakdown of Rest of Latin American tow prepreg market
  • Further breakdown of Rest of Middle East & Africa tow prepreg market

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)
Report Code
CH 7478
Published ON
Dec, 2019
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