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South America Tow Prepregs Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Fiber Type (Carbon, Glass, and Others), Resin Type (Epoxy, Phenolic, and Others), End-Use Industry (Aerospace and Defense, Automotive and Transportation, Sports and Recreational, Oil and Gas, and Others)

Code: TIPRE00022969 | Pages: 119 | Industry: Chemicals and Materials | Date: Jun 2021
Covid

Market Introduction

The South America tow prepregs market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. The demand for lightweight materials with high tensile strength is on the rise among several sectors, including automotive and transportation, aerospace, marine, and construction. The use of lightweight materials has a direct impact on the overall dynamics and structure of the components in which they are used. Tow prepreg is one such compound material, which is preimpregnated with resin to increase its productivity and eliminate the use of resin coating. It is known to possess good elasticity, high dimensional stability, excellent mechanical and electrical properties, and strength. Lightweight nature and cost-efficiency make tow prepreg an ideal component across several application bases. The demand for tow prepreg compounds has considerably increased across various industries, owing to rise in advancements and innovations in these industries. Weight, along with strength, has become a significant factor for the performance of a vehicle. For instance, a slight reduction in the weight can improve the performance of a vehicle. This has offered a great opportunity for the growth of the tow prepreg market in South America scenario. Composites have become a core strategic material for automotive and transportation Original Equipment Manufacturers (OEMs), as well as aerospace components. Moreover, the growing preference toward cost-effective composite materials in price-sensitive industries has motivated the prepreggers to adopt less costly but energy-intensive fiber precursors such as tow prepregs. All such factors are expected to boost the demand for tow prepregs.

In case of COVID-19, South America, especially Brazil, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of tow prepregs manufacturing activities. Downfall in other chemical and materials manufacturing sector has subsequently impacted the demand for tow prepregs during the early months of 2020. Moreover, decline in the overall fabric and resin manufacturing activities has led to the discontinuation of tow prepregs manufacturing projects, thereby reducing the demand for tow prepregs. Similar trend was witnessed in other South American countries such as Argentina, Colombia, Peru, Chile, and Ecuador. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.

Market Overview and Dynamics

The tow prepregs market in South America is expected to grow from US$ 23.85 million in 2020 to US$ 47.88 million by 2028; it is estimated to grow at a CAGR of 9.1 % from 2020 to 2028. Tow prepregs are predominantly used as a significant raw material to manufacture primary and secondary structural parts in aerospace & defense and automotive and transportation industries. There is an increase in demand for tow prepregs from the aerospace & defense industry as they are preferably used in the production of commercial aircrafts by Boeing and Airbus. Further, the product innovations, along with advancements in technology in the tow prepreg industry, are providing lucrative opportunity for expanding application base of such prepregs. Through effective research and development, researchers and prepreggers have come up with new product developments and diversified the application base of tow prepregs. The use of fiber precursor is not just limited to automotive and transportation and aerospace but has expanded to applications such as oil & gas, sports, medical, marine, and wind energy. For instance,  in 2017, SGL Carbon partnered with AMC to produce and offer bicycle components and parts using carbon fiber-based tow prepregs. Such prepregs are manufactured with the company’s proprietary technology, which uses continuous composite fibers and 3D winding to achieve light-weight structures and complex shapes.  

Key Market Segments

Based on fiber type the carbon segment accounted for the largest share of the South America tow prepregs market in 2019. Based on resin type, the epoxy segment held a larger market share of the South America tow prepregs market in 2019.  Based on end-use industry, the aerospace and defense segment held a larger market share of the South America tow prepregs market in 2019. Composite materials are primarily attractive to aviation and aerospace resin types due to their exceptional strength and stiffness-to-density ratios, and superior physical properties. A composite material typically consists of relatively strong, stiff fibers in a tough resin matrix. Innovative lightweight structures, along with highly complex aircraft components, are made of modern lightweight materials such as carbon fiber tow prepreg. Compared with conventional production technologies for various composite materials, this hybrid material also processes technology that obtains short cycle times, functional integration, optimum material usage, high freedom of design, and less rework. To produce the cabin, cargo, and also other aircraft components, a direct implementation of metallic elements, including inserts, and the use of this composite can be realized. Furthermore, this process technology can be fully automated to yield an increased economic efficiency. Current composite aircraft interior components often use glass fiber/phenolic sandwich construction, characterized by low buy-to-fly material usage, high cycle times, and extensive rework/finishing.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the South America tow prepregs market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Eneos Corporation; Hexcel Corporation; Mitsubishi Chemical Corporation; Porcher Industries; SGL Carbon; Teijin Limited; and Toray Industries, Inc.

Reasons to buy report

  • To understand the South America tow prepregs market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for South America tow prepregs market
  • Efficiently plan M&A and partnership deals in South America tow prepregs market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South America tow prepregs market
  • Obtain market revenue forecast for market by various segments from 2017-2028 in South America region.



South America Tow Prepregs Market Segmentation

South America Tow Prepregs Market -By Fiber Type

  • Carbon
  • Glass
  • Others

South America Tow Prepregs Market -By Resin Type

  • Epoxy
  • Phenolic
  • Others

South America Tow Prepregs Market – By End-Use Industry

  • Aerospace and Defense
  • Automotive and Transportation
  • Sports and Recreational
  • Oil and Gas
  • Others

South America Tow Prepregs Market – By Country

  • Brazil
  • Argentina
  • Rest of South America

South America Tow prepregs Market – Company Profiles

  1. Eneos Corporation
  2. Hexcel Corporation
  3. Mitsubishi Chemical Corporation
  4. Porcher Industries
  5. SGL Carbon
  6. Teijin Limited
  7. Toray Industries, Inc.  

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           South America Tow Prepregs Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Expert Opinion

5.           South America Tow Prepregs Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Expansion of the Automotive and Transportation Industry

5.1.2        Incrementing Demand for Lightweight and Cost-Efficient Materials

5.2         Market Restraints

5.2.1        Elevated Cost of Carbon Fiber and Other Such Raw Materials

5.3         Market Opportunities

5.3.1        Escalating Demand for Tow Prepregs from Diverse Application Bases

5.4         Future Trends

5.4.1        Significant Research and Technological Developments

5.5         Impact Analysis of Drivers and Restraints

6.           Tow Prepregs – South America Market Analysis

6.1         Tow Prepregs Market Overview

6.2         Tow Prepregs Market –Revenue and Forecast to 2028 (US$ Million)

7.           South America Tow Prepreg Market Analysis – By Fiber type

7.1         Overview

7.2         Tow Prepreg Market, By Fiber type (2019 and 2028)

7.3         Carbon

7.3.1        Overview

7.3.2        Carbon: Tow Prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

7.4         Glass

7.4.1        Overview

7.4.2        Glass: Tow Prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

7.5         Others

7.5.1        Overview

7.5.2        Others: Tow Prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

8.           South America Tow Prepreg Market Analysis – By Resin Type

8.1         Overview

8.2         Tow Prepreg Market, By Resin type (2019 and 2028)

8.3         Epoxy

8.3.1        Overview

8.3.2        Epoxy: Tow Prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

8.4         Phenolic

8.4.1        Overview

8.4.2        Phenolic: Tow Prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

8.5         Others

8.5.1        Overview

8.5.2        Others: Tow Prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

9.           South America Tow Prepreg Market Analysis – By End-Use Industry

9.1         Overview

9.2         Tow Prepreg Market, By End-Use Industry (2019 and 2028)

9.3         Aerospace and Defense

9.3.1        Overview

9.3.2        Aerospace and Defense: Tow prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

9.4         Automotive and Transportation

9.4.1        Overview

9.4.2        Automotive and Transportation: Tow Prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

9.5         Sports and Recreational

9.5.1        Overview

9.5.2        Sports and Recreational: Tow Prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

9.6         Oil and Gas

9.6.1        Overview

9.6.2        Oil and Gas: Tow Prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

9.7         Others

9.7.1        Overview

9.7.2        Others: Tow Prepreg Market – Revenue and Forecast to 2028 (US$ Mn)

10.        South America Tow Prepreg Market – Country Analysis

10.1      Overview

10.1.1     South America: Tow Prepreg Market, by Key Country

10.1.1.1       Brazil: Tow Prepreg Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Brazil: Tow Prepreg Market, by Fiber Type

10.1.1.1.2       Brazil: Tow Prepreg Market, by Resin Type

10.1.1.1.3       Brazil: Tow Prepreg Market, by End-Use Industry

10.1.1.2       Argentina: Tow Prepreg Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       Argentina: Tow Prepreg Market, by Fiber Type

10.1.1.2.2       Argentina: Tow Prepreg Market, by Resin Type

10.1.1.2.3       Argentina: Tow Prepreg Market, by End-Use Industry

10.1.1.3       Rest of South America: Tow Prepreg Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Rest of South America: Tow Prepreg Market, by Fiber Type

10.1.1.3.2       Rest of South America: Tow Prepreg Market, by Resin Type

10.1.1.3.3       Rest of South America: Tow Prepreg Market, by End-Use Industry

11.        Impact of COVID-19 Pandemic on South America Tow Prepregs Market

11.1      Overview

11.2      Impact of COVID-19 on Tow Prepreg Market

11.3      South America: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Product News

12.3      Mergers and Acquisitions

12.4      Market Initiatives

13.        Company Profiles

13.1      Mitsubishi Chemical Corporation

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      SGL Carbon

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Teijin Limited

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Eneos Corporation

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Hexcel Corporation

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Porcher Industries

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      TORAY INDUSTRIES, INC.

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

14.        Appendix

14.1      About the Insight Partners

             14.2      Glossary of Terms

LIST OF TABLES

Table 1.             South America Tow Prepregs Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Brazil South America Tow Prepreg Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)

Table 3.             Brazil South America Tow Prepreg Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)

Table 4.             Brazil South America Tow Prepreg Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million)

Table 5.             Argentina South America Tow Prepreg Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)

Table 6.             Argentina South America Tow Prepreg Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)

Table 7.             Argentina South America Tow Prepreg Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million)

Table 8.             Rest of SAM South America Tow Prepreg Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)

Table 9.             Rest of SAM South America Tow Prepreg Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)

Table 10.          Rest of SAM South America Tow Prepreg Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million)

Table 11.          Glossary of Terms, Tow Prepregs Market

LIST OF FIGURES

Figure 1.           Tow Prepregs Market Segmentation

Figure 2.           South America Tow Prepregs Market Segmentation – By Country

Figure 3.           South America Tow Prepregs Market Overview

Figure 4.           Automotive and transportation Industry is Fastest Growing Segment in South America Tow Prepregs Market

Figure 5.           Argentina is Fastest Growing Country in South America Tow Prepregs Market

Figure 6.           South America Tow Prepregs Market, Industry Landscape

Figure 7.           SAM: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Tow Prepreg Market Impact Analysis of Driver and Restraints

Figure 10.        South America: Tow Prepregs Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        Tow Prepreg Market Revenue Share, By Fiber type (2019 and 2028)

Figure 12.        Carbon: Tow Prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 13.        Glass: Tow Prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14.        Others: Tow Prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15.        Tow Prepreg Market Revenue Share, By Resin type (2019 and 2028)

Figure 16.        Epoxy: Tow Prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 17.        Phenolic: Tow Prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18.        Others: Tow Prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 19.        Tow Prepreg Market Revenue Share, By End-Use Industry (2019 and 2028)

Figure 20.        Aerospace and Defense: Tow prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 21.        Automotive and Transportation: Tow Prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 22.        Sports and Recreational: Tow Prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 23.        Oil and Gas: Tow Prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 24.        Others: Tow Prepreg Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 25.        South America: Tow Prepregs Market, by Key Country – Revenue (2019) (USD Million)

Figure 26.        North America: Tow Prepreg Market Revenue Share, by Key Country (2019 and 2028)

Figure 27.        Brazil: Tow Prepreg Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Argentina: Tow Prepreg Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Rest of South America: Tow Prepreg Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Impact of COVID-19 Pandemic in South America Country Markets  

  1. Eneos Corporation
  2. Hexcel Corporation
  3. Mitsubishi Chemical Corporation
  4. Porcher Industries
  5. SGL Carbon
  6. Teijin Limited
  7. Toray Industries, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America tow prepregs market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
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  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America tow prepregs market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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