Tow Prepreg Market Increasing Demand to Make Highest Revenue Value at USD 895.6 Million by end of 2026 | TCR Composites, Mitsubishi Chemical Corporation, SGL Group, Hexcel Corporation, Toray Industries, Toyobo Co. Ltd.

Market Size - USD 350.0 Million in 2018, Market Growth - CAGR of 12.5% for the year 2026, Market trends - Product launches and research for tow prepreg market

According to the current analysis of Reports and Data, The global Tow Prepreg Market was valued at USD 350.0 Million in 2018 and is expected to reach USD 895.6 Million by the year 2026, at a CAGR of 12.5%. It is conventionally produced by an impregnation method whereas a resin is diluted with a solvent, a reinforcement fiber manufactures with the resin, and the organic solvent is volatilized, leaving a resin-impregnated fiber.

The tow prepreg can be used for a variety of manufacturing processes such as filament winding, fiber positioning, and other molding techniques, while the unidirectional tape can be used as a composite structure for the construction of three-dimensional structures including tubular structures or other complex structural geometries. This method of production is also suitable for other non-interwoven planes of fibers such as parallel, large fiber area weight composite structure.

Get a Free Sample PDF Report to understand our report before you purchase: https://www.reportsanddata.com/sample-enquiry-form/2100

Companies considered and profiled in this market study:
TCR Composites, Mitsubishi Chemical Corporation, SGL Group, Hexcel Corporation, Toray Industries, Toyobo Co. Ltd., JXTG Nippon Oil & Energy, Fibrtec, North Thin Ply Technology, and HyPerComp Engineering.

Tow prepreg is a major material used in the manufacturing of primary and secondary structural parts for aerospace & defense and automotive industries. It is a preferred choice of material in these industries due to its excellent properties such as high strength, less curing time, lightweight, uniformity, and better cosmetics. The high tensile strength of tow prepreg makes it an ideal material for high-pressure type 4 cylinders and hydrogen fuel cells for industrial and automotive industries.

The North American region is the dominant market and will continue to be the largest consumer of tow prepreg from a geographical perspective. This stems from the large aerospace & defense industry, high spending on defense and high disposable income from the region. The presence of the key prepreg manufacturers and the ongoing economic advancements in the region are the key motivators for the growth of the tow prepreg market in the region. The region has the presence of prominent commercial and defense aircraft manufacturers such as Boeing, Airbus, and Lockheed Martin. These aircraft manufacturers have a high demand for tow prepreg. These aircraft manufacturers are also increasing their production capacity through joint ventures. For instance, Boeing entered into joint venture with Embraer(Brazil) to offer a portfolio of commercial aircraft ranging from 70-seat Embraer regional jets to its next-generation 500-seat 777X widebody.

Tow prepreg is extensively used in aerospace & defense, automotive, industrial, sporting goods, and so on. Automotive is the fastest-growing end-use industry in the Tow Prepreg market. This is due to the high demand for lightweight and high strength materials such as Tow Prepreg from European and North American regions. The stringent environmental regulations in these regions have made it mandatory for automotive OEM manufacturers to use lightweight materials in automobiles. Furthermore, the use of lightweight materials is also increasing in the APAC region, especially in China, Japan, and South Korea.

Further key findings from the report suggest

o The market for tow prepreg is anticipated to grow at a CAGR of 5% in the Asia-Pacific, followed by North America and Europe, with 12.9% and 11.6% CAGR, respectively. Increasing demand for structural parts in aerospace & defense and automotive industries, robust growth in the use of tow prepreg in AFP technology are the key factors to accelerate market growth during the forecast period across all regions.

o Among the region, North America has the largest market share. The primary driver for the tow prepreg market in North America is the growing applications in automotive, aerospace & defense and industrial sectors owing to high expenditure in these sectors.

Buy Now: https://www.reportsanddata.com/checkout-form/2100

o Asia Pacific is expected to be the fastest-growing market growing at a CAGR of 13.5% during the forecast period. This is due to the growing penetration of composite materials, including tow prepregs in various end-use industries.

For this report, Reports and Data have segmented the tow prepreg market based on fiber type, end-use industry, and region.

Fiber Type (Revenue in USD Thousand; Volume in Tons, 2016-2026)
o Carbon Fiber
o Glass Fiber
o S-Glass Fiber
o E-Glass Fiber
o Aramid Fiber

End-Use Industry (Revenue in USD Thousand; Volume in Tons, 2016-2026)
o Aerospace & Defense
o Automotive
o Marine
o Industrial
o Sporting Goods
o Infrastructure
o Others

Regional Outlook (Revenue in USD Thousand; Volume in Tons, 2016-2026)
o North America
o Europe
o Asia Pacific
o Middle East & Africa
o Latin America

Read the Comprehensive Report with a meticulous TOC and panoramic coverage of the market: https://www.reportsanddata.com/report-detail/tow-prepreg-market

Contact Us:

John Watson
Head of Business Development
Reports And Data
40 Wall St. 28th floor New York City, NY 10005 United States
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

This release was published on openPR.