Reports and Data estimates the global Tow Prepreg competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Tow Prepreg during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include TCR Composities, Toyobo Co. Ltd., Toray Industries, Axiom Materials, Inc., Park Aerospace Corp., Hexcel Corporation, Mitsubishi Chemical Holdings Corporation, Vitech Composites, and JXTG Holdings, Inc.
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Tow Prepreg Overview :-
Tow prepreg is impregnated with epoxy resin and it delivers in the form of spool. The prepreg fibers are of superior strength and are lightweight, which makes these material ideal for aircraft manufacturing. Tow prepreg generally requires heat treatment after they are shaped as per requirement and needs prepreg epoxy to form matrices. Tow prepreg has uniformity, high tensile strength, and requires less time for curing. The main application of tow prepreg is in filament winding and Automated Fiber Placement (AFP) process. Filament winding with tow prepreg enables high accurate control of resin content and gives it uniformity. It is cost-efficient as compared to slit tapes that are generally used and is easy to handle as compared to wet fiber systems. This also improves the efficiency of the machine and produces less waste.
Increasing demand for the product from the aerospace and defense industry and increasing investments in the defense industry related research and development to explore the applications of tow prepreg in aerospace and defense, and development of technologically advanced tow prepreg for application in various industries inducing automotive, industrial, infrastructure, and various others are major factors expected to drive growth of the global tow prepreg market.
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For the purpose of this report Reports and Data has segmented global Tow Prepreg market on the basis of type, application, and region:
By Fiber Type Outlook
- Carbon Fiber
- Glass Fiber
- Aramid Fiber
By End-Use Industry Outlook
- Aerospace & Defense
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Tow Prepreg during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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