Dublin, March 05, 2025 (GLOBE NEWSWIRE) — The “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” report has been added to ResearchAndMarkets.com’s offering.
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.
The increasing demand for hydrogen storage pressure vessels and the rising use of carbon fiber tow prepregs in end-use industries are key drivers propelling market growth. However, high processing and manufacturing costs, along with compliance and regulatory issues, act as significant restraints.
Despite these challenges, the market presents opportunities, particularly with the expanding use of tow prepregs in the aerospace and defense sector and the growing demand for wind turbine blades. Nevertheless, the industry faces challenges such as the recyclability of tow prepregs and the high cost of carbon fiber, which may impact widespread adoption.
Analysis by Market Segment
- In terms of value, carbon fiber accounted for the largest share of the overall tow prepreg market
- In terms of value, pressure vessel segment accounted for the largest share of the overall tow prepreg market
- 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, the tow prepreg market in Europe region is projected to be the largest region
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.
Prominent companies in the market include 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).
Key Attributes
| Report Attribute | Details |
| No. of Pages | 254 |
| Forecast Period | 2024-2029 |
| Estimated Market Value (USD) in 2024 | $0.2 Billion |
| Forecasted Market Value (USD) by 2029 | $0.35 Billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | Global |
Additional Insights Covered
- Key Stakeholders and Buying Criteria
- Supply Chain Analysis
- Ecosystem Analysis
- Pricing Analysis
- Value Chain Analysis
- Trade Analysis
- Technology Analysis
- Impact of AI/Gen AI on Tow Prepreg Market
- Macroeconomic Outlook
- Patent Analysis
- Regulatory Landscape
- Key Conferences and Events in 2024-2025
- Trends and Disruptions Impacting Customer Business
- Investment and Funding Scenario
Case Study Analysis
- Case Study 1: Mitsubishi’s Development of Carbon Fiber Tow Prepreg for Structural Automotive Parts
- Case Study 2: Kordsa’s Innovative Tow Prepregs to Revolutionize Transportation Industry
- Case Study 3: Teijin Limited’s High Resistance Prepreg for Aerospace Engine Components
Companies Profiled
- TCR Composites, Inc.
- SGL Carbon
- ENEOS Holdings, Inc.
- Teijin Limited
- Mitsubishi Chemical Carbon Fiber and Composites, Inc.
- Hexcel Corporation
- Porcher Industries
- Red Composites
- Vitech Composites
- Arisawa Manufacturing Co. Ltd.
- Toray Industries, Inc.
- 3M
- Kordsa
- Gurit Services AG
- Huntsman International LLC
- Go Composites
- Advanced Material Systems Co.
- Arrow Advance Materials Private Limited
- Castro Composites
- Compositence GmbH
- Jiangsu Hengshen Co. Ltd.
- CST Composites
- Hyperdrivecarbon
- High Gain Industrial Limited
- Rock West Composites, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/to2irt
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