Stratview Research on the Tow Prepreg Market provides thorough analysis about the market that can help the users to understand the competitive dynamics and different factors driving or restraining industry growth.
The global Tow Prepreg Market throws light on the major insights that offer the users a comprehensive addition of several factors such as global distribution, supply-chain, market size, manufacturers, and market factors that affect the global contributions. In addition, the Tow Prepreg Market study also shifts its attention of the users with an in-depth competitive landscape, growth opportunities, market share along with product type and applications, key companies active in the market, and growth strategies practiced by the leading players.
Key players in the Tow Prepreg Market
- 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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Based on the end-use industry type, the market is segmented as aerospace & defense, trends in aerospace industry, automotive & transportation, sports & recreational, oil & gas, and others. The automotive & transportation industry is expected to be the fastest-growing segment of the tow prepreg market due to the use of tow prepreg in the manufacturing of CNG cylinders, transmission axles, leaf springs, and other automotive components used in the automotive industry. There are many challenges that the automotive industry faces in terms of enhancing the energy efficiency, reduction in vehicle emissions, and increasing durability. Tow prepregs are increasingly preferred by the industry to achieve much improved and better performance, including high mechanical features and low weight. Due to stringent environmental factors, car manufacturers come under pressure to manufacture more fuel-efficient cars, so that the carbon emissions can be reduced, eventually fueling the growth of the tow prepreg market during the forecast period.
Based on the fiber type, the tow prepreg market is segmented as carbon fiber, glass, and others. Carbon fiber is expected to be the largest segment of the market during the forecast period, in terms of value, owing to its wide use in various industries such as aerospace & defense, automotive & transportation, and sports & recreational sectors. This fiber offers features such as higher strength modulus, higher tensile strength and elastic modulus in comparison to the other fiber types.
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.
The Tow Prepreg Market report further exhibits an outline of in-depth analysis gathered from reliable sources. The report also focuses on market revenue streams, Covid effect analysis on the market with an approach on upcoming market trends, and the complete progress of the market.
Moreover, the Tow Prepreg Market report 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 study incorporates a wide range of analytical resources along with primary and secondary research methodologies.
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