Tow Prepreg Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Tow Prepreg Market size was USD 350.5 Million in 2020 and is expected to reach a value of USD 718.7 Million by 2027, and register a CAGR of 9% during the forecast period 2021-2027.

Tow prepreg is an intermediate material used in the filament winding process. It is a “pre-impregnated fiber tow” with a resin system. Tow prepregs are composed of fiberglass filaments, carbon, and duroplastic resins that act as a binder. Tow Prepreg is primarily used as an important raw material for the manufacture of primary and secondary structural components in the aerospace and defense, automotive and transportation industries. Tow Prepreg is recommended for use in commercial aircraft production by companies such as Boeing and Airbus. Additionally, technological advancements and product innovations in the traction prepreg industry are driving the market growth.

Market Segments

On the basis of resin type

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

On the basis of fiber type

• Carbon
• Glass
• Others (Basalt and Aramid)

On the basis of application

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

Key Players

Prominent players profiled in the report are TCR Composities, Toyobo Co. Ltd., Toray Industries, Axiom Materials, Inc., Park Aerospace Corp., Hexcel Corporation, Mitsubishi Chemical Holdings Corporation, Vitech Composites, and JXTG Holdings, Inc.

Scope of the Report

The research study analyzes the global Tow Prepreg industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Tow Prepreg Market Report

1. What was the Tow Prepreg Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Tow Prepreg Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Tow Prepreg Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.