The Worldwide Tow Prepreg Industry Is Expected to Reach $438+ Million by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Tow Prepreg Market, By Resin Type, By Fiber Type, By Application, By End User, Estimation & Forecast, 2017 – 2027” report has been added to ResearchAndMarkets.com’s offering.

The global tow prepreg market held a market value of USD 290.9 Million in 2021 and is projected to reach USD 438.8 Million by the year 2027. The market is anticipated to grow at a CAGR of 7.1% from 2022 to 2027. Around 54,632.5 tons of tow prepreg was sold in 2021.

The market is expected to be driven by the advantages over wet-winding process and increasing demand from emerging economies. Furthermore, increasing use of tow prepreg in the automotive and aerospace industry are also estimated to fuel the market growth.

Despite the driving factors, high processing and manufacturing cost are anticipated to hinder the market growth. Furthermore, during the COVID-19 pandemic, the market was negatively impacted due to the closure of the end-use industries.

Growth Influencers:

Increasing use of tow prepreg in the automotive and aerospace industry

Aerospace and automotive sectors are amongst the largest consumers of tow prepreg. Tow prepreg help in increasing the fuel efficiency and decrease the weight. It also provides high strength-to-weight capability, which allows highly aerodynamic and structural designs. Therefore, growing usage of tow prepreg in the aerospace and automotive industry is anticipated to fuel the market growth.

The global Tow prepreg market report answers questions such as:

• What is the market size and forecast of the Global Tow prepreg Market?
• What are the inhibiting factors and impact of COVID-19 on the Global Tow prepreg Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Global Tow prepreg Market?
• What is the competitive strategic window for opportunities in the Global Tow prepreg Market?
• What are the technology trends and regulatory frameworks in the Global Tow prepreg Market?
• What is the market share of the leading players in the Global Tow prepreg Market?
• What modes and strategic moves are considered favorable for entering the Global Tow prepreg Market?

Market Dynamics

Drivers

• Increasing use of tow prepreg in the automotive & aerospace industry
• Advantages over wet-winding process

Restraints

• High processing and manufacturing cost

Opportunity

• Increasing demand from emerging economies

Trend

• Product Launch and Acquisition is Emerging as the Significant Marketing Strategies by the Key Players

Companies Mentioned

• TEIJIN LIMITED
• Mitsubishi Chemical Holdings
• SGL Carbon
• TCR Composites, Inc
• ENEOS HOLDINGS, INC
• PORCHER INDUSTRIES
• Hexcel Corporation
• Red Composites Ltd
• Toray Group
• Arisawa Mfg. Co., Ltd

For more information about this report visit https://www.researchandmarkets.com/r/i8dz9j

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