Epoxy Segment to Dominate Middle East & Africa Tow Prepregs Market during 2020-2028
According to this research study titled “Middle East & Africa Tow Prepregs Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Fiber Type, Resin Type, End-Use Industry and Country,” the market is expected to reach US$ 80.31 million by 2028 from US$ 36.89 million in 2020. The market is estimated to grow at a CAGR of 10.2% from 2020 to 2028. The report provides trends prevailing in the Middle East & Africa tow prepregs market along with the drivers and restraints pertaining to the market growth. Rapid growth of automotive and transportation industry and escalation in demand for lightweight and cost-efficient materials are the major factors driving the growth of the Middle East & Africa tow prepregs market. However, the surging cost of carbon fiber and other such raw materials may hinder the growth of Middle East & Africa tow prepregs market.
In case of COVID-19, the Middle East & Africa, especially South Africa, 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 discontinuation of tow prepregs manufacturing projects, thereby reducing the demand for tow prepregs. Similar trend was witnessed in other Middle East & African countries such as Turkey, Iran, the UAE, and Saudi Arabia. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.
The market for Middle East & Africa tow prepregs is segmented into fiber type, resin type, end-use industry, and country. Based on fiber type, the market is segmented into carbon, glass, and others. In 2019, the carbon segment held the largest share in Middle East & Africa tow prepregs market. Based on resin type, the Middle East & Africa tow prepregs is bifurcated into epoxy, phenolic, and others. The phenolic segment is expected to be the fastest growing segment over the forecast period. Based on end-use industry, the Middle East & Africa tow prepregs is broken into aerospace and defense, automotive and transportation, sports and recreational, oil and gas, and others. In 2019, the aerospace and defense segment held the largest share in Middle East & Africa tow prepregs market. Furthermore, in this present scenario of COVID-19 pandemic, the Middle East & Africa tow prepregs market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East & African countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for tow prepregs.
Eneos Corporation; Hexcel Corporation; Mitsubishi Chemical Corporation; Porcher Industries; SGL Carbon; Teijin Limited and Toray Industries, Inc. are some of the leading companies in the Middle East & Africa tow prepregs market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Middle East & Africa Tow Prepregs market as follows:
Middle East & Africa Tow Prepregs Market - By Fiber Type
Middle East & Africa Tow Prepregs Market - By Resin Type
Middle East & Africa Tow Prepregs Market - By End-Use Industry
Middle East & Africa Tow Prepregs Market - By Country
In case of COVID-19, the Middle East & Africa, especially South Africa, 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 discontinuation of tow prepregs manufacturing projects, thereby reducing the demand for tow prepregs. Similar trend was witnessed in other Middle East & African countries such as Turkey, Iran, the UAE, and Saudi Arabia. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.
The market for Middle East & Africa tow prepregs is segmented into fiber type, resin type, end-use industry, and country. Based on fiber type, the market is segmented into carbon, glass, and others. In 2019, the carbon segment held the largest share in Middle East & Africa tow prepregs market. Based on resin type, the Middle East & Africa tow prepregs is bifurcated into epoxy, phenolic, and others. The phenolic segment is expected to be the fastest growing segment over the forecast period. Based on end-use industry, the Middle East & Africa tow prepregs is broken into aerospace and defense, automotive and transportation, sports and recreational, oil and gas, and others. In 2019, the aerospace and defense segment held the largest share in Middle East & Africa tow prepregs market. Furthermore, in this present scenario of COVID-19 pandemic, the Middle East & Africa tow prepregs market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East & African countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for tow prepregs.
Eneos Corporation; Hexcel Corporation; Mitsubishi Chemical Corporation; Porcher Industries; SGL Carbon; Teijin Limited and Toray Industries, Inc. are some of the leading companies in the Middle East & Africa tow prepregs market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Middle East & Africa Tow Prepregs market as follows:
Middle East & Africa Tow Prepregs Market - By Fiber Type
- Carbon
- Glass
- Others
Middle East & Africa Tow Prepregs Market - By Resin Type
- Epoxy
- Phenolic
- Others
Middle East & Africa Tow Prepregs Market - By End-Use Industry
- Aerospace and Defense
- Automotive and Transportation
- Sports and Recreational
- Oil and Gas
- Others
Middle East & Africa Tow Prepregs Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Table of Contents
1. Introduction
3. Research Methodology
4. Middle East & Africa Tow Prepregs Market Landscape
5. Middle East & Africa Tow Prepregs Market - Key Market Dynamics
6. Tow Prepregs - Middle East & Africa Market Analysis
7. Middle East & Africa Tow Prepreg Market Analysis - By Fiber type
8. Middle East & Africa Tow Prepreg Market Analysis - By Resin Type
9. Middle East & Africa Tow Prepreg Market Analysis - By End-Use Industry
10. Middle East & Africa Tow Prepreg Market - Country Analysis
11. Impact of COVID-19 Pandemic on Middle East & Africa Tow Prepregs Market
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Eneos Corporation
- Hexcel Corporation
- Mitsubishi Chemical Corporation
- Porcher Industries
- SGL Carbon
- Teijin Limited
- Toray Industries, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | June 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 36.89 Million |
| Forecasted Market Value ( USD | $ 80.31 Million |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Africa, Middle East |
