Tow Prepreg Market by Resin Type (Epoxy, Phenolic), Fiber Type (Carbon, Glass), Application (Pressure Vessel, Oxygen Cylinders, Scuba Tanks), End-Use Industry (Automotive & Transportation, Oil & Gas, Aerospace & Defense), and Region - Global Forecast to 2029
The tow prepreg market is estimated at USD 0.20 billion in 2024 and is projected to reach USD 0.35 billion by 2029, at a CAGR of 12.3% from 2024 to 2029. Due to its high tensile strength, low shrinkage, exceptional durability, excellent chemical resistance, and adhesive properties, it is the most popular choice among manufacturers for producing tow prepreg. It acts as binder that holds the continuous fiber tows together, and allows for better impregnation. Epoxy resin tow prepreg has wide range of applications in automotive & transportation, oil & gas, aerospace & defense, and sports equipment.
‘‘In terms of value, carbon fiber accounted for the largest share of the overall tow prepreg market.’’
In 2023, carbon fiber accounted for the largest market share in the tow prepreg market. As compared to other fiber types, carbon fiber possess advanced mechanical properties such as high tensile strength, high modulus, low density, and high chemical resistance, which makes them ideal as a reinforcement for tow prepreg. Carbon fibers are produced as untwisted bundles of continuous filament known as tows, which are then combined with thermoplastic or thermoset resin matrix to form tow prepreg. Further, this intermediate base material is widely used in pressure vessel, oxygen cylinders, scuba tanks, fishing rods, golf shafts, and bicycle frames.
‘‘In terms of value, pressure vessel segment accounted for the largest share of the overall tow prepreg market.’’
Pressure vessel application is projected to be the fastest-growing segment in the tow prepreg market. Pressure vessels are manufactured by filament winding tows of high strength carbon fiber over a mandrel, which serves as a liner in the finished structure and ensures gas tightness. It has been widely used for storing compressed natural gas in vehicles. The pressure vessels made of carbon fiber tow prepreg are 75% lighter than the steel or aluminium pressure vessels, making them suitable for wide range of end-use industries including automotive & transportation, oil & gas, and aerospace & defense.
“During the forecast period, the tow prepreg market in aerospace & defense industry is projected to be the fastest growing end-use industry.”
During the forecast period from 2024 to 2029, the aerospace & defense industry is expected to be the fastest-growing end-use industry in the tow prepreg market. The demand for tow prepreg is rising in aerospace & defense industry due to its superior performance characteristics, including high strength-to-weight ratio, thermal stability, and corrosion resistance. Top leading aerospace manufactures such as Airbus, and Boeing have already adopted tow prepregs for Airbus A350 XWB and Boeing 787 in fuselages to reduce weight and improve fuel efficiency. Advancement in high-performance aerospace technologies, and demand for next generation aircraft is fuelling the demand for tow prepreg in aerospace & defense industry.
“During the forecast period, the tow prepreg market in Europe region is projected to be the largest region.”
Europe is the largest market for tow prepreg because of its strong demand from automotive & transportation, and aerospace & defense sector, which is a driving factor for high-performance materials such as tow prepreg. The region is dominated by large automotive manufacturers, Audi, BMW, Volvo Group, which have comprehensive use of tow prepregs in exterior and interior parts of vehicles. BMW uses tow prepreg in its i3 and i8 electric and hybrid vehicles. The i3 features a carbon fiber reinforced plastic (CFRP) passenger cell made using tow prepreg, which helps reduce the vehicle's weight and increase energy efficiency. Second, Europe has a major tow prepreg manufacturing companies such as SGL Carbon (Germany), Porcher Industries (France), Red Composites (UK), VITECH Composites (France), and Gurit Services AG (Switzerland) that drives the demand and potentially expands its market shares.
This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:
Prominent companies TCR Composites, Inc. (US), SGL Carbon (Germany), ENEOS Holdings, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Carbon Fiber Composites, Inc. (US), Hexcel Corporation (US), Porcher Industries (France), Red Composites (UK), VITECH Composites (France), Arisawa Manufacturing Co., Ltd. (Japan), Toray Industries, Inc. (Japan), 3M (US), KORDSA (Turkey), Gurit Services AG (Switzerland), and Huntsman International LLC (US).
Research Coverage
This research report categorizes the tow prepreg market By Resin Type (Epoxy, Phenolic, and Other Resin Types), By Fiber Type (Carbon, Glass, and Other Fiber Types), By Application (Pressure Vessel, Oxygen Cylinders, Scuba Tanks, and Other Applications), End-Use Industry (Automotive & Transportation, Oil & Gas, Aerospace & Defense, Sports Equipment, and Other End-use Industries), Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report includes detailed information about the major factors influencing the growth of the tow prepreg market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. Product launches, mergers and acquisitions, and recent developments in the tow prepreg market are all covered. This report includes a competitive analysis of upcoming startups in the tow prepreg market ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall tow prepreg market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
‘‘In terms of value, carbon fiber accounted for the largest share of the overall tow prepreg market.’’
In 2023, carbon fiber accounted for the largest market share in the tow prepreg market. As compared to other fiber types, carbon fiber possess advanced mechanical properties such as high tensile strength, high modulus, low density, and high chemical resistance, which makes them ideal as a reinforcement for tow prepreg. Carbon fibers are produced as untwisted bundles of continuous filament known as tows, which are then combined with thermoplastic or thermoset resin matrix to form tow prepreg. Further, this intermediate base material is widely used in pressure vessel, oxygen cylinders, scuba tanks, fishing rods, golf shafts, and bicycle frames.
‘‘In terms of value, pressure vessel segment accounted for the largest share of the overall tow prepreg market.’’
Pressure vessel application is projected to be the fastest-growing segment in the tow prepreg market. Pressure vessels are manufactured by filament winding tows of high strength carbon fiber over a mandrel, which serves as a liner in the finished structure and ensures gas tightness. It has been widely used for storing compressed natural gas in vehicles. The pressure vessels made of carbon fiber tow prepreg are 75% lighter than the steel or aluminium pressure vessels, making them suitable for wide range of end-use industries including automotive & transportation, oil & gas, and aerospace & defense.
“During the forecast period, the tow prepreg market in aerospace & defense industry is projected to be the fastest growing end-use industry.”
During the forecast period from 2024 to 2029, the aerospace & defense industry is expected to be the fastest-growing end-use industry in the tow prepreg market. The demand for tow prepreg is rising in aerospace & defense industry due to its superior performance characteristics, including high strength-to-weight ratio, thermal stability, and corrosion resistance. Top leading aerospace manufactures such as Airbus, and Boeing have already adopted tow prepregs for Airbus A350 XWB and Boeing 787 in fuselages to reduce weight and improve fuel efficiency. Advancement in high-performance aerospace technologies, and demand for next generation aircraft is fuelling the demand for tow prepreg in aerospace & defense industry.
“During the forecast period, the tow prepreg market in Europe region is projected to be the largest region.”
Europe is the largest market for tow prepreg because of its strong demand from automotive & transportation, and aerospace & defense sector, which is a driving factor for high-performance materials such as tow prepreg. The region is dominated by large automotive manufacturers, Audi, BMW, Volvo Group, which have comprehensive use of tow prepregs in exterior and interior parts of vehicles. BMW uses tow prepreg in its i3 and i8 electric and hybrid vehicles. The i3 features a carbon fiber reinforced plastic (CFRP) passenger cell made using tow prepreg, which helps reduce the vehicle's weight and increase energy efficiency. Second, Europe has a major tow prepreg manufacturing companies such as SGL Carbon (Germany), Porcher Industries (France), Red Composites (UK), VITECH Composites (France), and Gurit Services AG (Switzerland) that drives the demand and potentially expands its market shares.
This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:
- By Company Type- Tier 1- 60%, Tier 2- 20%, and Tier 3- 20%
- By Designation- C Level- 33%, Director Level- 33%, and Managers- 34%
- By Region- North America- 20%, Europe- 25%, Asia Pacific- 25%, Middle East & Africa- 15%, and Latin America- 15%
Prominent companies TCR Composites, Inc. (US), SGL Carbon (Germany), ENEOS Holdings, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Carbon Fiber Composites, Inc. (US), Hexcel Corporation (US), Porcher Industries (France), Red Composites (UK), VITECH Composites (France), Arisawa Manufacturing Co., Ltd. (Japan), Toray Industries, Inc. (Japan), 3M (US), KORDSA (Turkey), Gurit Services AG (Switzerland), and Huntsman International LLC (US).
Research Coverage
This research report categorizes the tow prepreg market By Resin Type (Epoxy, Phenolic, and Other Resin Types), By Fiber Type (Carbon, Glass, and Other Fiber Types), By Application (Pressure Vessel, Oxygen Cylinders, Scuba Tanks, and Other Applications), End-Use Industry (Automotive & Transportation, Oil & Gas, Aerospace & Defense, Sports Equipment, and Other End-use Industries), Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report includes detailed information about the major factors influencing the growth of the tow prepreg market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. Product launches, mergers and acquisitions, and recent developments in the tow prepreg market are all covered. This report includes a competitive analysis of upcoming startups in the tow prepreg market ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall tow prepreg market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Increasing demand for hydrogen storage pressure vessels, sising demand for carbon fiber tow prepreg in end-use industries), restraints (High processing and manufacturing cost, compliance & regulatory issues), opportunities (Increasing use of tow prepregs in aerospace & defense sector, growing demand of tow prepregs for wind turbine blades), and challenges (Recyclability of tow prepregs, high cost of carbon fiber) influencing the growth of the tow prepreg market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and service launches in the tow prepreg market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the tow prepreg market across varied regions.
- Market Diversification: Exhaustive information about services, untapped geographies, recent developments, and investments in the tow prepreg market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like TCR Composites, Inc. (US), SGL Carbon (Germany), ENEOS Holdings, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Carbon Fiber Composites, Inc. (US), Hexcel Corporation (US), Porcher Industries (France), Red Composites (UK), VITECH Composites (France), Arisawa Manufacturing Co., Ltd. (Japan), Toray Industries, Inc. (Japan), 3M (US), KORDSA (Turkey), Gurit Services AG (Switzerland), and Huntsman International LLC (US), among others in the tow prepreg market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 INCLUSIONS AND EXCLUSIONS OF STUDY
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key primary participants
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 BASE NUMBER CALCULATION
2.3.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
2.3.2 APPROACH 2: DEMAND-SIDE ANALYSIS
2.4 MARKET FORECAST APPROACH
2.4.1 SUPPLY SIDE
2.4.2 DEMAND SIDE
2.5 DATA TRIANGULATION
2.6 FACTOR ANALYSIS
2.7 RESEARCH ASSUMPTIONS
2.8 RESEARCH LIMITATIONS AND RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TOW PREPREG MARKET
4.2 EUROPE: TOW PREPREG MARKET, BY APPLICATION AND COUNTRY
4.3 TOW PREPREG MARKET, BY RESIN TYPE
4.4 TOW PREPREG MARKET, BY APPLICATION
4.5 TOW PREPREG MARKET, BY END-USE INDUSTRY
4.6 TOW PREPREG MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 MARKET DYNAMICS
5.1.1 DRIVERS
5.1.1.1 Increasing demand for hydrogen storage pressure vessels
5.1.1.2 Rising demand for carbon fiber tow prepreg in end-use industries
5.1.2 RESTRAINTS
5.1.2.1 High processing and manufacturing costs
5.1.2.2 Compliance & regulatory issues
5.1.3 OPPORTUNITIES
5.1.3.1 Increasing use of tow prepregs in aerospace & defense sector
5.1.3.2 Growing demand of tow prepregs for wind turbine blades
5.1.4 CHALLENGES
5.1.4.1 Recyclability of tow prepregs
5.1.4.2 High cost of carbon fiber
5.2 PORTER’S FIVE FORCES ANALYSIS
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 THREAT OF SUBSTITUTES
5.2.3 BARGAINING POWER OF SUPPLIERS
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF COMPETITIVE RIVALRY
5.3 KEY STAKEHOLDERS AND BUYING CRITERIA
5.3.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.3.2 BUYING CRITERIA
5.4 SUPPLY CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.6 PRICING ANALYSIS
5.6.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION, 2023
5.6.2 AVERAGE SELLING PRICE TREND, BY RESIN TYPE, 2021–2023
5.6.3 AVERAGE SELLING PRICE TREND, BY FIBER TYPE, 2021–2023
5.6.4 AVERAGE SELLING PRICE TREND, BY APPLICATION, 2021–2023
5.6.5 AVERAGE SELLING PRICE TREND, BY END-USE INDUSTRY, 2021–2023
5.6.6 AVERAGE SELLING PRICE TREND, BY REGION, 2021–2023
5.7 VALUE CHAIN ANALYSIS
5.8 TRADE ANALYSIS
5.8.1 EXPORT SCENARIO (HS CODE 7019)
5.8.2 IMPORT SCENARIO (HS CODE 7019)
5.8.3 EXPORT SCENARIO (HS CODE 681511)
5.8.4 IMPORT SCENARIO (HS CODE 681511)
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES FOR TOW PREPREG MANUFACTURING PROCESSES
5.9.2 FILAMENT WINDING TECHNOLOGY ANALYSIS FOR TOW PREPREG
5.9.2.1 Wet winding process
5.9.2.2 Dry winding process
5.9.3 COMPLEMENTARY TECHNOLOGIES FOR LATEST MANUFACTURING PROCESS OF TOW PREPREG
5.9.3.1 Hot melt process
5.10 IMPACT OF AI/GEN AI ON TOW PREPREG MARKET
5.10.1 TOP USE CASES AND MARKET POTENTIAL
5.10.2 BEST PRACTICES IN TOW PREPREG MARKET
5.10.3 CASE STUDIES OF AI IMPLEMENTATION IN TOW PREPREG MARKET
5.10.4 CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN TOW PREPREG MARKET
5.11 MACROECONOMIC OUTLOOK
5.11.1 INTRODUCTION
5.11.2 GDP TRENDS AND FORECAST
5.11.3 TRENDS IN GLOBAL AUTOMOTIVE & TRANSPORTATION INDUSTRY
5.11.4 TRENDS IN GLOBAL AEROSPACE & DEFENSE INDUSTRY
5.12 PATENT ANALYSIS
5.12.1 INTRODUCTION
5.12.2 METHODOLOGY
5.12.3 PATENT TYPES
5.12.4 INSIGHTS
5.12.5 LEGAL STATUS
5.12.6 JURISDICTION ANALYSIS
5.12.7 TOP APPLICANTS
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14 KEY CONFERENCES AND EVENTS IN 2024–2025
5.15 CASE STUDY ANALYSIS
5.15.1 CASE STUDY 1: MITSUBISHI’S DEVELOPMENT OF CARBON FIBER TOW PREPREG FOR STRUCTURAL AUTOMOTIVE PARTS
5.15.2 CASE STUDY 2: KORDSA’S INNOVATIVE TOW PREPREGS TO REVOLUTIONIZE TRANSPORTATION INDUSTRY
5.15.3 CASE STUDY 3: TEIJIN LIMITED’S HIGH RESISTANCE PREPREG FOR AEROSPACE ENGINE COMPONENTS
5.16 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.17 INVESTMENT AND FUNDING SCENARIO
6 TOW PREPREG MARKET, BY RESIN TYPE
6.1 INTRODUCTION
6.2 EPOXY
6.2.1 SUPERIOR MECHANICAL PROPERTIES TO DRIVE DEMAND
6.3 PHENOLIC
6.3.1 EXCELLENT THERMAL STABILITY & PERFORMANCE TO FUEL DEMAND
6.4 OTHER RESIN TYPES
7 TOW PREPREG MARKET, BY FIBER TYPE
7.1 INTRODUCTION
7.2 CARBON FIBER
7.2.1 HIGH STRENGTH & RIGIDITY TO FUEL DEMAND
7.3 GLASS FIBER
7.3.1 HIGHER DENSITY & COST EFFECTIVENESS TO DRIVE MARKET
7.4 OTHER FIBER TYPES
8 TOW PREPREG MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 PRESSURE VESSELS
8.2.1 HIGH STRENGTH AND LOW WEIGHT TO DRIVE DEMAND
8.3 OXYGEN CYLINDERS
8.3.1 RISING DEMAND FOR SELF-BREATHING APPARATUS TO FUEL MARKET GROWTH
8.4 SCUBA TANKS
8.4.1 GROWING DEMAND FOR LIGHTWEIGHT SCUBA TANKS FOR DIVERS TO PROPEL DEMAND
8.5 OTHER APPLICATIONS
9 TOW PREPREG MARKET, BY END-USE INDUSTRY
9.1 INTRODUCTION
9.2 AUTOMOTIVE & TRANSPORTATION
9.2.1 GROWING DEMAND FOR LIGHTWEIGHT VEHICLES TO PROPEL MARKET
9.3 OIL & GAS
9.3.1 LARGEST END-USE INDUSTRY SEGMENT FOR TOW PREPREGS
9.4 AEROSPACE & DEFENSE
9.4.1 DEMAND FOR HIGH-STRENGTH & LIGHTWEIGHT AIRCRAFT COMPONENTS TO DRIVE MARKET
9.5 SPORTS EQUIPMENT
9.5.1 IMPROVED PERFORMANCE AND DESIGN TO DRIVE MARKET
9.6 OTHER END-USE INDUSTRIES
10 TOW PREPREG MARKET, BY REGION
10.1 INTRODUCTION
10.2 EUROPE
10.2.1 FRANCE
10.2.1.1 Growing adoption in various end-use industries to support market growth
10.2.2 GERMANY
10.2.2.1 Presence of large number of premium automakers to drive demand
10.2.3 ITALY
10.2.3.1 Rising demand for pressure vessels in automotive industry to drive market
10.2.4 UK
10.2.4.1 Growing government initiatives to achieve net zero emissions to propel growth
10.2.5 REST OF EUROPE
10.3 NORTH AMERICA
10.3.1 US
10.3.1.1 Presence of large number of tow prepreg manufacturers to drive market
10.3.2 CANADA
10.3.2.1 Growing demand for pressure vessels in end-use industries to propel market
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.1.1 Increasing carbon fiber production to fuel demand
10.4.2 JAPAN
10.4.2.1 Widely established automotive industry to drive market
10.4.3 SOUTH KOREA
10.4.3.1 Growing use of tow prepregs for wide range of applications to drive market
10.4.4 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
10.5.1 GCC COUNTRIES
10.5.1.1 UAE
10.5.1.1.1 Extensive use of tow prepregs in oil & gas sector to propel market
10.5.1.2 Saudi Arabia
10.5.1.2.1 Presence of oil & gas reserves to increase demand for tow prepregs
10.5.1.3 Rest of GCC Countries
10.5.2 SOUTH AFRICA
10.5.2.1 Growing economy to support market growth
10.5.3 REST OF MIDDLE EAST & AFRICA
10.6 LATIN AMERICA
10.6.1 BRAZIL
10.6.1.1 Low-cost and sustainable construction materials to drive market
10.6.2 MEXICO
10.6.2.1 Growing investments in wind energy sector to fuel demand
10.6.3 REST OF LATIN AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.3 REVENUE ANALYSIS
11.4 MARKET SHARE ANALYSIS
11.5 BRAND/PRODUCT COMPARATIVE ANALYSIS
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.6.5.1 Company footprint
11.6.5.2 Resin type footprint
11.6.5.3 Fiber type footprint
11.6.5.4 Application footprint
11.6.5.5 End-use industry footprint
11.6.5.6 Region footprint
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.7.1 PROGRESSIVE COMPANIES
11.7.2 RESPONSIVE COMPANIES
11.7.3 DYNAMIC COMPANIES
11.7.4 STARTING BLOCKS
11.7.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.7.5.1 Detailed list of key startups/SMEs
11.7.5.2 Competitive benchmarking of key startups/SMEs
11.8 VALUATION AND FINANCIAL METRICS OF TOW PREPREG VENDORS
11.9 COMPETITIVE SCENARIO
11.9.1 PRODUCT LAUNCHES
11.9.2 DEALS
11.9.3 EXPANSIONS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 TCR COMPOSITES, INC.
12.1.1.1 Business overview
12.1.1.2 Products offered
12.1.1.3 MnM view
12.1.1.3.1 Key strengths
12.1.1.3.2 Strategic choices
12.1.1.3.3 Weaknesses and competitive threats
12.1.2 SGL CARBON
12.1.2.1 Business overview
12.1.2.2 Products offered
12.1.2.3 Recent developments
12.1.2.3.1 Deals
12.1.2.4 MnM view
12.1.2.4.1 Key strengths
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses and competitive threats
12.1.3 ENEOS HOLDINGS, INC.
12.1.3.1 Business overview
12.1.3.2 Products offered
12.1.3.3 MnM view
12.1.3.3.1 Key strengths
12.1.3.3.2 Strategic choices
12.1.3.3.3 Weaknesses and competitive threats
12.1.4 TEIJIN LIMITED
12.1.4.1 Business overview
12.1.4.2 Products offered
12.1.4.3 MnM view
12.1.4.3.1 Key strengths
12.1.4.3.2 Strategic choices
12.1.4.3.3 Weaknesses and competitive threats
12.1.5 MITSUBISHI CHEMICAL CARBON FIBER AND COMPOSITES, INC.
12.1.5.1 Business overview
12.1.5.2 Products offered
12.1.5.3 MnM view
12.1.5.3.1 Key strengths
12.1.5.3.2 Strategic choices
12.1.5.3.3 Weaknesses and competitive threats
12.1.6 HEXCEL CORPORATION
12.1.6.1 Business overview
12.1.6.2 Products offered
12.1.6.3 Recent developments
12.1.6.3.1 Product launches
12.1.6.4 MnM view
12.1.6.4.1 Key strengths
12.1.6.4.2 Strategic choices
12.1.6.4.3 Weaknesses and competitive threats
12.1.7 PORCHER INDUSTRIES
12.1.7.1 Business overview
12.1.7.2 Products offered
12.1.7.3 Recent developments
12.1.7.3.1 Deals
12.1.7.4 MnM view
12.1.7.4.1 Key strengths
12.1.7.4.2 Strategic choices
12.1.7.4.3 Weaknesses and competitive threats
12.1.8 RED COMPOSITES
12.1.8.1 Business overview
12.1.8.2 Products offered
12.1.8.3 Recent developments
12.1.8.3.1 Deals
12.1.8.4 MnM view
12.1.8.4.1 Key strengths
12.1.8.4.2 Strategic choices
12.1.8.4.3 Weaknesses and competitive threats
12.1.9 VITECH COMPOSITES
12.1.9.1 Business overview
12.1.9.2 Products offered
12.1.9.3 MnM view
12.1.9.3.1 Key strengths
12.1.9.3.2 Strategic choices
12.1.9.3.3 Weaknesses and competitive threats
12.1.10 ARISAWA MANUFACTURING CO., LTD.
12.1.10.1 Business overview
12.1.10.2 Products offered
12.1.10.3 MnM view
12.1.10.3.1 Key strengths
12.1.10.3.2 Strategic choices
12.1.10.3.3 Weaknesses and competitive threats
12.1.11 TORAY INDUSTRIES, INC.
12.1.11.1 Business overview
12.1.11.2 Products offered
12.1.11.3 Recent developments
12.1.11.3.1 Expansions
12.1.11.4 MnM view
12.1.11.4.1 Key strengths
12.1.11.4.2 Strategic choices
12.1.11.4.3 Weaknesses and competitive threats
12.1.12 3M
12.1.12.1 Business overview
12.1.12.2 Products offered
12.1.12.3 MnM view
12.1.12.3.1 Key strengths
12.1.12.3.2 Strategic choices
12.1.12.3.3 Weaknesses and competitive threats
12.1.13 KORDSA
12.1.13.1 Business overview
12.1.13.2 Products offered
12.1.13.3 MnM view
12.1.13.3.1 Key strengths
12.1.13.3.2 Strategic choices
12.1.13.3.3 Weaknesses and competitive threats
12.1.14 GURIT SERVICES AG
12.1.14.1 Business overview
12.1.14.2 Products offered
12.1.14.3 MnM view
12.1.14.3.1 Key strengths
12.1.14.3.2 Strategic choices
12.1.14.3.3 Weaknesses and competitive threats
12.1.15 HUNTSMAN INTERNATIONAL LLC
12.1.15.1 Business overview
12.1.15.2 Products offered
12.1.15.3 Recent developments
12.1.15.3.1 Deals
12.1.15.4 MnM view
12.1.15.4.1 Key strengths
12.1.15.4.2 Strategic choices
12.1.15.4.3 Weaknesses and competitive threats
12.2 OTHER PLAYERS
12.2.1 GO COMPOSITES
12.2.2 ADVANCED MATERIAL SYSTEMS CO.
12.2.3 ARROW ADVANCE MATERIALS PRIVATE LIMITED
12.2.4 CASTRO COMPOSITES
12.2.5 COMPOSITENCE GMBH
12.2.6 JIANGSU HENGSHEN CO., LTD.
12.2.7 CST COMPOSITES
12.2.8 HYPERDRIVECARBON
12.2.9 HIGH GAIN INDUSTRIAL LIMITED
12.2.10 ROCK WEST COMPOSITES, INC.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 INCLUSIONS AND EXCLUSIONS OF STUDY
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key primary participants
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 BASE NUMBER CALCULATION
2.3.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
2.3.2 APPROACH 2: DEMAND-SIDE ANALYSIS
2.4 MARKET FORECAST APPROACH
2.4.1 SUPPLY SIDE
2.4.2 DEMAND SIDE
2.5 DATA TRIANGULATION
2.6 FACTOR ANALYSIS
2.7 RESEARCH ASSUMPTIONS
2.8 RESEARCH LIMITATIONS AND RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TOW PREPREG MARKET
4.2 EUROPE: TOW PREPREG MARKET, BY APPLICATION AND COUNTRY
4.3 TOW PREPREG MARKET, BY RESIN TYPE
4.4 TOW PREPREG MARKET, BY APPLICATION
4.5 TOW PREPREG MARKET, BY END-USE INDUSTRY
4.6 TOW PREPREG MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 MARKET DYNAMICS
5.1.1 DRIVERS
5.1.1.1 Increasing demand for hydrogen storage pressure vessels
5.1.1.2 Rising demand for carbon fiber tow prepreg in end-use industries
5.1.2 RESTRAINTS
5.1.2.1 High processing and manufacturing costs
5.1.2.2 Compliance & regulatory issues
5.1.3 OPPORTUNITIES
5.1.3.1 Increasing use of tow prepregs in aerospace & defense sector
5.1.3.2 Growing demand of tow prepregs for wind turbine blades
5.1.4 CHALLENGES
5.1.4.1 Recyclability of tow prepregs
5.1.4.2 High cost of carbon fiber
5.2 PORTER’S FIVE FORCES ANALYSIS
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 THREAT OF SUBSTITUTES
5.2.3 BARGAINING POWER OF SUPPLIERS
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF COMPETITIVE RIVALRY
5.3 KEY STAKEHOLDERS AND BUYING CRITERIA
5.3.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.3.2 BUYING CRITERIA
5.4 SUPPLY CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.6 PRICING ANALYSIS
5.6.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION, 2023
5.6.2 AVERAGE SELLING PRICE TREND, BY RESIN TYPE, 2021–2023
5.6.3 AVERAGE SELLING PRICE TREND, BY FIBER TYPE, 2021–2023
5.6.4 AVERAGE SELLING PRICE TREND, BY APPLICATION, 2021–2023
5.6.5 AVERAGE SELLING PRICE TREND, BY END-USE INDUSTRY, 2021–2023
5.6.6 AVERAGE SELLING PRICE TREND, BY REGION, 2021–2023
5.7 VALUE CHAIN ANALYSIS
5.8 TRADE ANALYSIS
5.8.1 EXPORT SCENARIO (HS CODE 7019)
5.8.2 IMPORT SCENARIO (HS CODE 7019)
5.8.3 EXPORT SCENARIO (HS CODE 681511)
5.8.4 IMPORT SCENARIO (HS CODE 681511)
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES FOR TOW PREPREG MANUFACTURING PROCESSES
5.9.2 FILAMENT WINDING TECHNOLOGY ANALYSIS FOR TOW PREPREG
5.9.2.1 Wet winding process
5.9.2.2 Dry winding process
5.9.3 COMPLEMENTARY TECHNOLOGIES FOR LATEST MANUFACTURING PROCESS OF TOW PREPREG
5.9.3.1 Hot melt process
5.10 IMPACT OF AI/GEN AI ON TOW PREPREG MARKET
5.10.1 TOP USE CASES AND MARKET POTENTIAL
5.10.2 BEST PRACTICES IN TOW PREPREG MARKET
5.10.3 CASE STUDIES OF AI IMPLEMENTATION IN TOW PREPREG MARKET
5.10.4 CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN TOW PREPREG MARKET
5.11 MACROECONOMIC OUTLOOK
5.11.1 INTRODUCTION
5.11.2 GDP TRENDS AND FORECAST
5.11.3 TRENDS IN GLOBAL AUTOMOTIVE & TRANSPORTATION INDUSTRY
5.11.4 TRENDS IN GLOBAL AEROSPACE & DEFENSE INDUSTRY
5.12 PATENT ANALYSIS
5.12.1 INTRODUCTION
5.12.2 METHODOLOGY
5.12.3 PATENT TYPES
5.12.4 INSIGHTS
5.12.5 LEGAL STATUS
5.12.6 JURISDICTION ANALYSIS
5.12.7 TOP APPLICANTS
5.13 REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14 KEY CONFERENCES AND EVENTS IN 2024–2025
5.15 CASE STUDY ANALYSIS
5.15.1 CASE STUDY 1: MITSUBISHI’S DEVELOPMENT OF CARBON FIBER TOW PREPREG FOR STRUCTURAL AUTOMOTIVE PARTS
5.15.2 CASE STUDY 2: KORDSA’S INNOVATIVE TOW PREPREGS TO REVOLUTIONIZE TRANSPORTATION INDUSTRY
5.15.3 CASE STUDY 3: TEIJIN LIMITED’S HIGH RESISTANCE PREPREG FOR AEROSPACE ENGINE COMPONENTS
5.16 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.17 INVESTMENT AND FUNDING SCENARIO
6 TOW PREPREG MARKET, BY RESIN TYPE
6.1 INTRODUCTION
6.2 EPOXY
6.2.1 SUPERIOR MECHANICAL PROPERTIES TO DRIVE DEMAND
6.3 PHENOLIC
6.3.1 EXCELLENT THERMAL STABILITY & PERFORMANCE TO FUEL DEMAND
6.4 OTHER RESIN TYPES
7 TOW PREPREG MARKET, BY FIBER TYPE
7.1 INTRODUCTION
7.2 CARBON FIBER
7.2.1 HIGH STRENGTH & RIGIDITY TO FUEL DEMAND
7.3 GLASS FIBER
7.3.1 HIGHER DENSITY & COST EFFECTIVENESS TO DRIVE MARKET
7.4 OTHER FIBER TYPES
8 TOW PREPREG MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 PRESSURE VESSELS
8.2.1 HIGH STRENGTH AND LOW WEIGHT TO DRIVE DEMAND
8.3 OXYGEN CYLINDERS
8.3.1 RISING DEMAND FOR SELF-BREATHING APPARATUS TO FUEL MARKET GROWTH
8.4 SCUBA TANKS
8.4.1 GROWING DEMAND FOR LIGHTWEIGHT SCUBA TANKS FOR DIVERS TO PROPEL DEMAND
8.5 OTHER APPLICATIONS
9 TOW PREPREG MARKET, BY END-USE INDUSTRY
9.1 INTRODUCTION
9.2 AUTOMOTIVE & TRANSPORTATION
9.2.1 GROWING DEMAND FOR LIGHTWEIGHT VEHICLES TO PROPEL MARKET
9.3 OIL & GAS
9.3.1 LARGEST END-USE INDUSTRY SEGMENT FOR TOW PREPREGS
9.4 AEROSPACE & DEFENSE
9.4.1 DEMAND FOR HIGH-STRENGTH & LIGHTWEIGHT AIRCRAFT COMPONENTS TO DRIVE MARKET
9.5 SPORTS EQUIPMENT
9.5.1 IMPROVED PERFORMANCE AND DESIGN TO DRIVE MARKET
9.6 OTHER END-USE INDUSTRIES
10 TOW PREPREG MARKET, BY REGION
10.1 INTRODUCTION
10.2 EUROPE
10.2.1 FRANCE
10.2.1.1 Growing adoption in various end-use industries to support market growth
10.2.2 GERMANY
10.2.2.1 Presence of large number of premium automakers to drive demand
10.2.3 ITALY
10.2.3.1 Rising demand for pressure vessels in automotive industry to drive market
10.2.4 UK
10.2.4.1 Growing government initiatives to achieve net zero emissions to propel growth
10.2.5 REST OF EUROPE
10.3 NORTH AMERICA
10.3.1 US
10.3.1.1 Presence of large number of tow prepreg manufacturers to drive market
10.3.2 CANADA
10.3.2.1 Growing demand for pressure vessels in end-use industries to propel market
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.1.1 Increasing carbon fiber production to fuel demand
10.4.2 JAPAN
10.4.2.1 Widely established automotive industry to drive market
10.4.3 SOUTH KOREA
10.4.3.1 Growing use of tow prepregs for wide range of applications to drive market
10.4.4 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
10.5.1 GCC COUNTRIES
10.5.1.1 UAE
10.5.1.1.1 Extensive use of tow prepregs in oil & gas sector to propel market
10.5.1.2 Saudi Arabia
10.5.1.2.1 Presence of oil & gas reserves to increase demand for tow prepregs
10.5.1.3 Rest of GCC Countries
10.5.2 SOUTH AFRICA
10.5.2.1 Growing economy to support market growth
10.5.3 REST OF MIDDLE EAST & AFRICA
10.6 LATIN AMERICA
10.6.1 BRAZIL
10.6.1.1 Low-cost and sustainable construction materials to drive market
10.6.2 MEXICO
10.6.2.1 Growing investments in wind energy sector to fuel demand
10.6.3 REST OF LATIN AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.3 REVENUE ANALYSIS
11.4 MARKET SHARE ANALYSIS
11.5 BRAND/PRODUCT COMPARATIVE ANALYSIS
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.6.5.1 Company footprint
11.6.5.2 Resin type footprint
11.6.5.3 Fiber type footprint
11.6.5.4 Application footprint
11.6.5.5 End-use industry footprint
11.6.5.6 Region footprint
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.7.1 PROGRESSIVE COMPANIES
11.7.2 RESPONSIVE COMPANIES
11.7.3 DYNAMIC COMPANIES
11.7.4 STARTING BLOCKS
11.7.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.7.5.1 Detailed list of key startups/SMEs
11.7.5.2 Competitive benchmarking of key startups/SMEs
11.8 VALUATION AND FINANCIAL METRICS OF TOW PREPREG VENDORS
11.9 COMPETITIVE SCENARIO
11.9.1 PRODUCT LAUNCHES
11.9.2 DEALS
11.9.3 EXPANSIONS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 TCR COMPOSITES, INC.
12.1.1.1 Business overview
12.1.1.2 Products offered
12.1.1.3 MnM view
12.1.1.3.1 Key strengths
12.1.1.3.2 Strategic choices
12.1.1.3.3 Weaknesses and competitive threats
12.1.2 SGL CARBON
12.1.2.1 Business overview
12.1.2.2 Products offered
12.1.2.3 Recent developments
12.1.2.3.1 Deals
12.1.2.4 MnM view
12.1.2.4.1 Key strengths
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses and competitive threats
12.1.3 ENEOS HOLDINGS, INC.
12.1.3.1 Business overview
12.1.3.2 Products offered
12.1.3.3 MnM view
12.1.3.3.1 Key strengths
12.1.3.3.2 Strategic choices
12.1.3.3.3 Weaknesses and competitive threats
12.1.4 TEIJIN LIMITED
12.1.4.1 Business overview
12.1.4.2 Products offered
12.1.4.3 MnM view
12.1.4.3.1 Key strengths
12.1.4.3.2 Strategic choices
12.1.4.3.3 Weaknesses and competitive threats
12.1.5 MITSUBISHI CHEMICAL CARBON FIBER AND COMPOSITES, INC.
12.1.5.1 Business overview
12.1.5.2 Products offered
12.1.5.3 MnM view
12.1.5.3.1 Key strengths
12.1.5.3.2 Strategic choices
12.1.5.3.3 Weaknesses and competitive threats
12.1.6 HEXCEL CORPORATION
12.1.6.1 Business overview
12.1.6.2 Products offered
12.1.6.3 Recent developments
12.1.6.3.1 Product launches
12.1.6.4 MnM view
12.1.6.4.1 Key strengths
12.1.6.4.2 Strategic choices
12.1.6.4.3 Weaknesses and competitive threats
12.1.7 PORCHER INDUSTRIES
12.1.7.1 Business overview
12.1.7.2 Products offered
12.1.7.3 Recent developments
12.1.7.3.1 Deals
12.1.7.4 MnM view
12.1.7.4.1 Key strengths
12.1.7.4.2 Strategic choices
12.1.7.4.3 Weaknesses and competitive threats
12.1.8 RED COMPOSITES
12.1.8.1 Business overview
12.1.8.2 Products offered
12.1.8.3 Recent developments
12.1.8.3.1 Deals
12.1.8.4 MnM view
12.1.8.4.1 Key strengths
12.1.8.4.2 Strategic choices
12.1.8.4.3 Weaknesses and competitive threats
12.1.9 VITECH COMPOSITES
12.1.9.1 Business overview
12.1.9.2 Products offered
12.1.9.3 MnM view
12.1.9.3.1 Key strengths
12.1.9.3.2 Strategic choices
12.1.9.3.3 Weaknesses and competitive threats
12.1.10 ARISAWA MANUFACTURING CO., LTD.
12.1.10.1 Business overview
12.1.10.2 Products offered
12.1.10.3 MnM view
12.1.10.3.1 Key strengths
12.1.10.3.2 Strategic choices
12.1.10.3.3 Weaknesses and competitive threats
12.1.11 TORAY INDUSTRIES, INC.
12.1.11.1 Business overview
12.1.11.2 Products offered
12.1.11.3 Recent developments
12.1.11.3.1 Expansions
12.1.11.4 MnM view
12.1.11.4.1 Key strengths
12.1.11.4.2 Strategic choices
12.1.11.4.3 Weaknesses and competitive threats
12.1.12 3M
12.1.12.1 Business overview
12.1.12.2 Products offered
12.1.12.3 MnM view
12.1.12.3.1 Key strengths
12.1.12.3.2 Strategic choices
12.1.12.3.3 Weaknesses and competitive threats
12.1.13 KORDSA
12.1.13.1 Business overview
12.1.13.2 Products offered
12.1.13.3 MnM view
12.1.13.3.1 Key strengths
12.1.13.3.2 Strategic choices
12.1.13.3.3 Weaknesses and competitive threats
12.1.14 GURIT SERVICES AG
12.1.14.1 Business overview
12.1.14.2 Products offered
12.1.14.3 MnM view
12.1.14.3.1 Key strengths
12.1.14.3.2 Strategic choices
12.1.14.3.3 Weaknesses and competitive threats
12.1.15 HUNTSMAN INTERNATIONAL LLC
12.1.15.1 Business overview
12.1.15.2 Products offered
12.1.15.3 Recent developments
12.1.15.3.1 Deals
12.1.15.4 MnM view
12.1.15.4.1 Key strengths
12.1.15.4.2 Strategic choices
12.1.15.4.3 Weaknesses and competitive threats
12.2 OTHER PLAYERS
12.2.1 GO COMPOSITES
12.2.2 ADVANCED MATERIAL SYSTEMS CO.
12.2.3 ARROW ADVANCE MATERIALS PRIVATE LIMITED
12.2.4 CASTRO COMPOSITES
12.2.5 COMPOSITENCE GMBH
12.2.6 JIANGSU HENGSHEN CO., LTD.
12.2.7 CST COMPOSITES
12.2.8 HYPERDRIVECARBON
12.2.9 HIGH GAIN INDUSTRIAL LIMITED
12.2.10 ROCK WEST COMPOSITES, INC.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
