Tow Prepreg Market

Tow Prepreg Market worth $492 million by 2024

The report "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" The tow prepreg market is expected to grow from USD 305 million in 2019 to USD 492 million by 2024, at a CAGR of 10.0% during the forecast period. 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.

Browse 80 Market Data Tables and 39 Figures spread through 121 Pages and in-depth TOC on "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"
View detailed Table of Content here -

Pressure vessel application comprises major share of the tow prepreg market, in terms of value.

The tow prepreg market is segmented on the basis of application as pressure vessel, scuba tanks, oxygen cylinders, and others. Tow prepreg pressure vessel is used in various industries such as aerospace & defense, automotive & transportation, oil & gas, and sports & recreational. They offer high strength, rigidity, and high tensile strength. In the pressure vessel applications, tow prepreg is mainly used in the form of molding compound and winding.

The carbon fiber segment is projected to register the highest CAGR in the overall tow prepreg market during the forecast period.

Carbon fiber tow prepreg offers higher tensile strength compared to other types of fiber products. These fibers can be used in layup, weaving, prepregging, filament winding, braiding, and pultrusion processes for manufacturing composites parts for various end-use industries such aerospace & defense, automotive & transportation, oil & gas, and sporting goods. This fiber is robust enough for handling and processing. Carbon fiber has long-term performance in terms of resistance to fatigue and environmental effects.

Europe estimated to account for the largest market share in the tow prepreg market.

Europe is estimated to account for the largest share of the global tow prepreg market. Europe led the tow prepreg market due to the presence of established automotive, aerospace & defense, and wind energy industries in the region. The region is home to some of the prominent automotive manufacturers such as BMW, Fiat, and Bentley. These automotive manufacturers use tow prepreg composites in various structural automotive parts such as bonnets, bumpers, and frontends. Additionally, aircraft manufacturers such as Airbus and Boeing use tow prepreg composites in structural parts as they offer rigidity and high tensile strength.  Moreover, there are a large number of offshore wind energy installations, especially in the UK and Germany.

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) are some of the key players in the global tow prepreg market. These players have adopted various organic and inorganic developmental strategies over the past five years.  

Don’t miss out on business opportunities in Tow Prepreg Market . Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
CH 7478
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Tow Prepreg Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2021 MarketsandMarkets Research Private Ltd. All rights reserved

Digital Virtual Assistant - MarketsandMarkets