Global Tow Prepreg Market: Overview
The global tow prepreg market is primarily driven by rising demand from different end-use sectors such as oil and gas, aerospace and military, automotive & transportation, sports and leisure, and others. The negative impact of the ongoing COVID-19 outbreak on the end-use sectors, on the other hand, has had a detrimental effect on the global tow prepreg market.
Pressure vessel applications are progressively employing tow prepregs. In the production of type-4 and type-3 cylinders, tow prepregs are commonly employed. In terms of exceptional tensile strength, longer lifespan, and weight reduction, these cylinders outperform other cylinders. The oil and gas sector is the primary user of a pressure vessel. However, in the recent years, aerospace and defence, as well as transportation and automotive , have begun to adopt composite pressure vessels, which has increased demand for tow prepregfor use in the pressure
This study from Transparency Market Research (TMR) provides a complete insight of the global Tow Prepreg market. It provides well-researched data on a variety of market aspects in order to provide useful business input for profit generation.
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Global Tow Prepreg Market: Notable Developments
To gain a stronghold in the global tow prepreg market, these businesses are using a variety of organic and inorganic techniques. The research offers a comprehensive competition analysis of these top competitors in the tow prepreg market, including recent developments, company biographies, and important market strategies.
The noted players that are operational in the global tow prepreg market are Arisawa Manufacturing Co., Ltd, Mitsubishi Chemical Holdings Corporation, Porcher Industries Designs, Red Composites Ltd, SGL Carbon SE, and ENEOS Holdings, Inc.
Global Tow Prepreg Market: Key Trends
Below-mentioned market trends and opportunities mark the global tow prepreg market:
Increasing Preference over Wet-winding Technique to Spell Growth for the Market
The growing use of tow prepreg in the oil and gas sector, as well as its advantages over the wet-winding technique, is likely to propel the global tow prepreg market forward. The wet winding procedure is most commonly employed for round, oval-sectional or hollow components like tanks and pipelines. Cores, fibers, and resins, are amongst the materials used in the wet winding process. The procedure is confined to convex-shaped elements and involves material waste, which pollutes the environment. Because it poses a health risk to employees and technicians, it is not regarded a safe working environment for them. The wet wrapping procedure causes problems with resin pot life, off-gassing, and odor.
Tow prepregs, on the other hand, are effective in addressing all of the obstacles that come with the wet winding process. There are no volatile organic elements in the tow prepreg process, and there are no solvents required as well. The procedure uses low-cost raw materials and allows for a wide range of resin/fiber combinations. However, unlike wet winding method, the working atmosphere is clean and conducive to the winding process. The benefits of tow prepared over wet winding procedure are likely to drive global expansion of the market. High manufacturing as well as processing costs, on the other hand, is likely to stifle market expansion.
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Global Tow Prepreg Market: Geographical Analysis
By 2026, Europe is expected to hold one of the leading shares of the global tow prepreg market. The existence of major automotive and aerospace businesses like as BMW, BAE Systems, Airbus, and other major manufacturers in the region is credited with this dominance. The market in Europe is also being driven by the rising usage of tow prepregs in the aerospace, wind energy, automotive, and military sectors in France and Germany. Germany has Europe's largest car market. Government as well as environmental organizations in these nations is putting a lot of pressure on manufacturers to cut carbon emissions. OEMs are increasingly using tow prepregs in automobiles as a result of this.
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