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

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 projected to register a CAGR of 10.0% during the forecast period.”
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. New product developments leading to increased application of tow prepreg and growing usage of these products in existing applications in various end-use industries such as oil & gas, aerospace & defense, automotive & transportation, and sports & recreational are expected to augment the market growth. However, high manufacturing cost of tow prepreg is the major factor restraining the growth of the market.

“Automotive & transportation is the fastest-growing end-use industry of tow prepreg, in terms of value.”
Tow prepreg is gaining importance in the automotive & transportation industry. The automotive industry is researching on the commercial viability of advanced materials and is focused on increasing efficiency by reducing vehicle weight. Several car manufacturers, along with tow prepreg producers, are slowly venturing into the production of tow prepreg-based automotive parts. For instance, in November 2017, SGL Carbon entered into a joint venture with BMW Group for lightweight automotive construction. This helped the company to consolidate the key value chain activities, from tow prepreg to components under the roof.

The tow prepreg market in the automotive industry is expected to expand significantly in the coming years. Due to its high cost, currently, tow prepreg is only used in high-end racing cars and electric cars manufactured by companies such as BMW, Audi, Lamborghini, Chevrolet, Volkswagen, Ford, Chrysler, Daimler, Jaguar, and GM. Tow prepreg is increasingly being used in many new applications, and new partnership plans are made to meet the growing demand for tow prepreg in the automotive industry.

“Carbon fiber type accounted for major share of the overall tow prepreg market.”
The global tow prepreg market is projected to be dominated by the carbon fiber type during the forecast period. It has better mechanical properties, which is driving its use in many applications. It is possible to produce Class A surface finish on panels with the use of carbon fiber. This fiber is robust enough for handling and processing during the manufacturing process. Carbon fiber-based tow prepreg has long-term performance potential, in terms of resistance against fatigue and environmental effects.

“Europe is the largest tow prepreg market.”
The European region is projected to be the largest tow prepreg market with the presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations in the region. The region has presence of commercial aircraft manufacturers such as Boeing and Airbus. Europe is also home to some of the prominent automotive manufacturers such as BMW, Fiat, and Bentley. These automotive manufacturers use tow prepreg composites in various structural parts such as bonnets, bumpers, and frontends.

This study has been validated through primary interviews conducted with various industry experts, globally. The breakdown of primary interviews is as follows:
By Company Type- Tier 1- 35%, Tier 2- 40%, and Tier 3- 25%
By Designation- C Level- 25%, Director Level- 35%, and Others- 40%
By Region- North America- 20%, Europe- 35%, APAC- 25%, MEA-15%, Latin America-5%

The report provides a comprehensive analysis of profiles of companies listed below:
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)
Arisawa Mfg. Co., Ltd. (Japan)

Research Coverage
This report covers the global tow prepreg market and forecasts the market size until 2024. The report segments the market –on the basis of resin type (epoxy, phenolic, others), fiber type (carbon, glass, others), application (pressure vessel, oxygen cylinders, scuba tanks, others), end-use industry (aerospace & defense, automotive & transportation, oil & gas, sports & recreational, others), and region (Europe, North America, APAC, Latin America, and MEA). Porter’s Five Forces analysis, along with the drivers, restraints, opportunities, and challenges, are discussed in the report. It also provides competitive strategies adopted by the major players in the global tow prepreg market.

Key benefits of buying the report:
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the global tow prepreg market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, and partnerships.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • UNIT CONSIDERED
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table TOW PREPREG MARKET SIZE, 2017-2024
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE TOW PREPREG MARKET
    • TOW PREPREG MARKET, BY APPLICATION AND REGION
    • TOW PREPREG MARKET, BY END-USE INDUSTRY
    • TOW PREPREG MARKET, BY FIBER TYPE
    • TOW PREPREG MARKET, BY RESIN TYPE
    • TOW PREPREG MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • MACROECONOMIC OVERVIEW AND KEY TRENDS
      • INTRODUCTION
      • TRENDS AND FORECAST OF GDP
        • Table TRENDS AND FORECAST OF GDP, 2017-2024 (USD BILLION)
      • TRENDS IN AEROSPACE INDUSTRY
        • Table NUMBER OF NEW AIRPLANE DELIVERIES, BY REGION
      • TRENDS IN AUTOMOTIVE INDUSTRY
        • Table CARS AND COMMERCIAL VEHICLES PRODUCTION, BY REGION (2018)
  • TOW PREPREG MARKET, BY RESIN TYPE
    • INTRODUCTION
      • Table TOW PREPREG MARKET SIZE, BY RESIN TYPE, 2017-2024 (TON)
      • Table TOW PREPREG MARKET SIZE, BY RESIN TYPE, 2017-2024 (USD MILLION)
    • EPOXY RESIN
    • PHENOLIC RESIN
    • OTHERS
  • TOW PREPREG MARKET, BY FIBER TYPE
    • INTRODUCTION
      • Table TOW PREPREG MARKET SIZE, BY FIBER TYPE, 2017-2024 (TON)
      • Table TOW PREPREG MARKET SIZE, BY FIBER TYPE, 2017-2024 (USD MILLION)
    • CARBON FIBER
      • HIGH DEMAND FROM AEROSPACE & DEFENSE INDUSTRY DRIVING DEMAND FOR CARBON FIBER BASED TOW PREPREG
        • Table CARBON FIBER TOW PREPREG MARKET SIZE, BY REGION, 2017-2024 (TON)
        • Table CARBON FIBER TOW PREPREG MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
        • Table CARBON FIBER TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (TON)
        • Table CARBON FIBER TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
        • Table CARBON FIBER TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
        • Table CARBON FIBER TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • GLASS
      • GLASS FIBER SEGMENT HOLDS THE LARGEST MARKET SHARE, IN TERMS OF VOLUME
        • Table GLASS FIBER TOW PREPREG MARKET SIZE, BY REGION, 2017-2024 (TON)
        • Table GLASS FIBER TOW PREPREG MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
        • Table GLASS FIBER TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (TON)
        • Table GLASS FIBER TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
        • Table GLASS FIBER TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
        • Table GLASS FIBER TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • OTHERS
      • Table OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY REGION, 2017-2024 (TON)
      • Table OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
      • Table OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (TON)
      • Table OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • Table OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table OTHERS FIBERS BASED TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
  • TOW PREPREG MARKET, BY APPLICATION
    • INTRODUCTION
      • Table TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (TON)
      • Table TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
    • PRESSURE VESSEL
      • GROWING CONSUMPTION IN OIL & GAS INDUSTRY DRIVING THE DEMAND IN PRESSURE VESSEL
        • Table TOW PREPREG MARKET SIZE IN PRESSURE VESSEL, BY REGION, 2017-2024 (TON)
        • Table TOW PREPREG MARKET SIZE IN PRESSURE VESSEL, BY REGION, 2017-2024 (USD MILLION)
    • SCUBA TANKS
      • GROWING DEMAND FROM NORTH AMERICA AND EUROPE IS FUELING THE GROWTH
        • Table TOW PREPREG MARKET SIZE IN SCUBA TANKS, BY REGION, 2017-2024 (TON)
        • Table TOW PREPREG MARKET SIZE IN SCUBA TANKS, BY REGION, 2017-2024 (USD MILLION)
    • OXYGEN CYLINDERS
      • OXYGEN CYLINDER WITNESSING GROWING DEMAND IN MEDICAL INDUSTRY
        • Table TOW PREPREG MARKET SIZE IN OXYGEN CYLINDERS, BY REGION, 2017-2024 (TON)
        • Table TOW PREPREG MARKET SIZE IN OXYGEN CYLINDERS, BY REGION, 2017-2024 (USD MILLION)
    • OTHERS
      • Table TOW PREPREG MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017-2024 (TON)
      • Table TOW PREPREG MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017-2024 (USD MILLION)
  • TOW PREPREG MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
    • AEROSPACE & DEFENSE
      • HIGH DEMAND FROM EUROPEAN REGION FUELING GROWTH OF TOW PREPREG IN AEROSPACE & DEFENSE INDUSTRY
        • Table TOW PREPREG MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2017-2024 (TON)
        • Table TOW PREPREG MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2017-2024 (USD MILLION)
    • TRENDS IN AEROSPACE INDUSTRY
      • Table NUMBER OF NEW AIRPLANE DELIVERIES, BY REGION
    • AUTOMOTIVE & TRANSPORTATION
      • AUTOMOTIVE & TRANSPORTATION IS THE FASTEST-GROWING SEGMENT IN THE OVERALL TOW PREPREG MARKET
        • Table TOW PREPREG MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017-2024 (TON)
        • Table TOW PREPREG MARKET SIZE IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2017-2024 (USD MILLION)
        • Table CARS AND COMMERCIAL VEHICLES PRODUCTION, BY REGION (2018)
    • SPORTS & RECREATIONAL
      • EUROPE IS BIGGEST CONSUMER OF TOW PREPREG IN SPORTS & RECREATIONAL INDUSTRY
        • Table TOW PREPREG MARKET SIZE IN SPORTS & RECREATIONAL, BY REGION, 2017-2024 (TON)
        • Table TOW PREPREG MARKET SIZE IN SPORTS & RECREATIONAL, BY REGION, 2014-2021 (USD MILLION)
    • OIL & GAS
      • TOW PREPREG INCREASINGLY USED IN PRESSURE VESSEL
        • Table TOW PREPREG MARKET SIZE IN OIL & GAS, BY REGION, 2017-2024 (TON)
        • Table TOW PREPREG MARKET SIZE IN OIL & GAS, BY REGION, 2017-2024 (USD MILLION)
    • OTHERS
      • Table TOW PREPREG MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017-2024 (TON)
      • Table TOW PREPREG MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017-2024 (USD MILLION)
  • TOW PREPREG MARKET, BY REGION
    • INTRODUCTION
      • Table TOW PREPREG MARKET SIZE, BY REGION, 2017-2024 (TON)
      • Table TOW PREPREG MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017-2024 (TON)
      • Table NORTH AMERICA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table NORTH AMERICA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • Table NORTH AMERICA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (TON)
      • Table NORTH AMERICA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • US
      • CANADA
    • EUROPE
      • Table EUROPE: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017-2024 (TON)
      • Table EUROPE: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table EUROPE: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table EUROPE: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • Table EUROPE: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (TON)
      • Table EUROPE: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • GERMANY
      • FRANCE
      • UK
      • ITALY
    • APAC
      • Table APAC: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017-2024 (TON)
      • Table APAC: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table APAC: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table APAC: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • Table APAC: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (TON)
      • Table APAC: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • CHINA
      • JAPAN
      • SOUTH KOREA
    • MEA
      • Table MEA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017-2024 (TON)
      • Table MEA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table MEA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table MEA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • Table MEA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (TON)
      • Table MEA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • UAE
      • SAUDI ARABIA
    • LATIN AMERICA
      • Table LATIN AMERICA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017-2024 (TON)
      • Table LATIN AMERICA: TOW PREPREG MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (TON)
      • Table LATIN AMERICA: TOW PREPREG MARKET SIZE, BY END-USE INDUSTRY, 2017-2024 (USD MILLION)
      • Table LATIN AMERICA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (TON)
      • Table LATIN AMERICA: TOW PREPREG MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
      • BRAZIL
      • MEXICO
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE LEADERSHIP MAPPING
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • VISIONARY LEADERS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • PORTFOLIO OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
    • MARKET RANKING
    • COMPETITIVE SCENARIO
      • NEW PRODUCT DEVELOPMENT
      • PARTNERSHIP
  • COMPANY PROFILE
    • TCR COMPOSITES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • WINNING IMPERATIVES
      • CURRENT FOCUS AND STRATEGIES
      • THREAT FROM COMPETITION
      • TCR COMPOSITES' RIGHT TO WIN
    • SGL CARBON SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • WINNING IMPERATIVES
      • CURRENT FOCUS AND STRATEGIES
      • THREAT FROM COMPETITION
      • SGL CARBON'S RIGHT TO WIN
    • JXTG HOLDINGS, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • WINNING IMPERATIVES
      • CURRENT FOCUS AND STRATEGIES
      • THREAT FROM COMPETITION
      • JXTG HOLDINGS'S RIGHT TO WIN
    • TEIJIN LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • WINNING IMPERATIVES
      • CURRENT FOCUS AND STRATEGIES
      • THREAT FROM COMPETITION
      • TEIJIN'S RIGHT TO WIN
    • MITSUBISHI CHEMICAL HOLDINGS CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • WINNING IMPERATIVES
      • CURRENT FOCUS AND STRATEGIES
      • THREAT FROM COMPETITION
      • MITSUBISHI'S RIGHT TO WIN
    • HEXCEL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • WINNING IMPERATIVES
    • PORCHER INDUSTRIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • WINNING IMPERATIVES
    • RED COMPOSITES LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • WINNING IMPERATIVES
    • VITECH COMPOSITES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • WINNING IMPERATIVES
    • ARISAWA MFG. CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • WINNING IMPERATIVES
    • OTHER COMPANIES
      • FIBRTEC
      • CTMI (COMPOSITE TEXTILE MATERIALS INNOVATION)
      • ATA GROUP
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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