This strategic assessment report provides a comprehensive analysis that reflects today’s Tow Prepreg Market realities and future possibilities for the forecast period of 2021 to 2026.
Stratview Research announces the launch of a new research report on the Tow Prepreg Market is Segmented by Resin Type (Epoxy Resin, Phenolic Resin, and Others), by Fiber Type (Carbon fiber, Glass, and Others), by Application Type (Pressure Vessel, Scuba Tank, Oxygen Cylinders, and Others), by End-Use Industry Type (Aerospace & Defense, Trends in Aerospace Industry, Automotive & Transportation, Sports & Recreational, Oil & Gas, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Tow Prepreg consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on global Tow Prepreg Market size, market growth, and opportunities. The report also analyses market key aspects such as-
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Covid-19 Impact analysis.
- Market environment analysis: Growth drivers and constraints, and SWOT analysis.
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
Highlights from the Report
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.
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.
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According to the report, the key players of the 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.
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