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Tow Prepreg Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Tow Prepreg Market: By Resin Type (Epoxy, Phenolic, and Others); Fiber Type (Carbon and Glass); Application (Pressure Vessel, Oxygen Cylinder, and Others); End User (Aerospace & Defense, Automotive & Transportation, Sports & Recreational, Oil & Gas, and Others); and Region—Industry Dynamics, Market Size, Opportunity and Forecast Until 2031

  • Published On: 11-Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0522255
    Delivery: 2 to 4 Hours
Tow Prepreg Market

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Report AttributeDetails
Market Size Value in 2022US$ 314.3 Million
Expected Revenue in 2031US$ 585.6 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Resin Type, By Fiber Type, By Application, By End-Users, By Region 
Key Companies                                                                                 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, Other Prominent Players
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Global Tow Prepreg Market was valued at US$ 314.3 Mn in 2022. 

Global Tow Prepreg Market is projected to expand at a CAGR of 7.1% during the forecast period, 2023-2031. 

The market is majorly driven by factors such as increasing use of tow prepreg in the automotive & aerospace industry and the advantages it has over wet-winding process.

Increasing demand from emerging economies is creating a lucrative opportunity for the market growth.

The high processing and manufacturing cost is hindering the market growth. 

The various segments considered to analyze the market are based on resin type, fiber type, application, end user, and region. 

Epoxy resins holds the highest share in the global tow prepreg market. 

Oxygen cylinders are the highest application segment in the market in 2022.

Oil & gas industry is the highest end user in the Global Tow Prepreg Market. 

North America dominates the Global Tow Prepreg Market in 2022.

The key players in the global tow prepreg market are Teijin Ltd., Mitsubishi Chemical Holdings, SGL Carbon, TCR Composites, Inc., ENEOS Holdings Inc., Arisawa Mfg. Co., Ltd., and Porcher Industries among others.