Stratview Research delivers key insights on the global Tow Prepreg Market. According to Stratview Research, the 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 also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
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Market Insights
The report suggests that the overall 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.
Market Segments' Analysis
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.
Based on the fiber type, the tow prepreg market is segmented as carbon fiber, glass, and others.
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.
Key Players
The following are some of the 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.
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Tow Prepreg Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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