Chemicals and Materials Middle East & Africa Tow Prepregs M...

Middle East & Africa 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)

Publication Month: Jun 2021 | Report Code: TIPRE00022972 | No. of Pages: 141 | Category: Chemicals and Materials | Status: Published

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The Middle East & Africa tow prepregs market is expected to grow from US$ 36.89 million in 2020 to US$ 80.31 million by 2028; it is estimated to grow at a CAGR of 10.2% from 2020 to 2028.

The Middle East & Africa includes countries such as South Africa, UAE, Saudi Arabia, and the Rest of the Middle East and Africa. The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the varied industrial sectors. The government has recently undertaken various steps to shift the focus of the economic growth to other manufacturing sectors, including automotive, electrical, and other industries. Supported by the government, Dubai has developed industrial hubs in this region. The key motive of the industrial hub is to attract manufacturers looking to set up new plants. According to the UAE’s Department of Economic Development (DED), the manufacturing industry accounts for 80 percent of Dubai’s non-oil trade, which makes it the second-largest contributor to the UAE economy. The government is looking forward to investing large amounts in the building and construction industry.    
 

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.
 

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa tow prepregs market. The automotive and transportation sector is one of the most dynamic industrial sectors, which are significantly related to the use of advanced technologies across Middle East & Africa. The growing demand for improved materials with environment friendliness and cost-efficiency is among the emerging trends, which have a direct impact on the industry. With the expansion of the automotive and transportation industry, the demand for prepregs is set to rise. Companies such as Ford Motor Co. are deploying the use of prepregs and other materials in order to produce rear suspension knuckle. Hence, with the rise in demand for prepregs, manufacturers have come up with better forms of precursors such as tow prepregs. These fiber precursors are preferred to other traditional materials owing to their properties such as tensile strength, limited curing time, uniformity and consistency, lightweight, and better friction. These properties make them ideal for various applications in the automotive and transportation industry. Moreover, they can ideally be used to suit the dynamic requirements of the processing industry. These prepregs are considered suitable for use in high-pressure type 4 cylinders along with hydrogen fuel cells in the automotive and transportation industry. Further, they are also used in the production of transmission axle, leaf springs, CNG cylinders, and other such parts and components in the automotive and transportation industry.

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Middle East & Africa Tow Prepregs Market Segmentation


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

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.           Middle East & Africa Tow Prepregs Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Expert Opinion

5.           Middle East & Africa Tow Prepregs Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rapid Growth of Automotive and Transportation Industry

5.1.2        Escalation in the Demand for Lightweight and Cost-Efficient Materials

5.2         Market Restraints

5.2.1        Surging Cost of Carbon Fiber and other such Raw Materials

5.3         Market Opportunities

5.3.1        Diversified Application Base of Tow Prepreg

5.4         Future Trends

5.4.1        Significant Research and Technological Advancements in Tow Prepreg Industry

5.5         Impact Analysis of Drivers and Restraints

6.           Tow Prepregs – Middle East & Africa Market Analysis

6.1         Tow Prepregs Market Overview

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

7.           Middle East & Africa 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.           Middle East & Africa 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.           Middle East & Africa 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.        Middle East & Africa Tow Prepreg Market – Country Analysis

10.1      Overview

10.1.1     MEA: Tow Prepreg Market, by Key Country

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

10.1.1.1.1       South Africa: Tow Prepreg Market, Fiber Type

10.1.1.1.2       South Africa: Tow Prepreg Market, Resin Type

10.1.1.1.3       South Africa: Tow Prepreg Market, End-Use Industry

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

10.1.1.2.1       Saudi Arabia: Tow Prepreg Market, Fiber Type

10.1.1.2.2       Saudi Arabia: Tow Prepreg Market, Resin Type

10.1.1.2.3       Saudi Arabia: Tow Prepreg Market, End-Use Industry

10.1.1.3       UAE: Tow Prepreg Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       UAE: Tow Prepreg Market, Fiber Type

10.1.1.3.2       UAE: Tow Prepreg Market, Resin Type

10.1.1.3.3       UAE: Tow Prepreg Market, End-Use Industry

10.1.1.4       Rest of MEA: Tow Prepreg Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       Rest of MEA: Tow Prepreg Market, Fiber Type

10.1.1.4.2       Rest of MEA: Tow Prepreg Market, Resin Type

10.1.1.4.3       Rest of MEA: Tow Prepreg Market, End-Use Industry

11.        Impact of COVID-19 Pandemic on Middle East & Africa Tow Prepregs Market

11.1      Overview

11.2      Impact of COVID-19 on Tow Prepreg Market

11.3      Middle East & Africa: 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.             Middle East & Africa Tow Prepregs Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             South Africa Middle East & Africa Tow Prepreg Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)

Table 3.             South Africa Middle East & Africa Tow Prepreg Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)

Table 4.             South Africa Middle East & Africa Tow Prepreg Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million)

Table 5.             Saudi Arabia Middle East & Africa Tow Prepreg Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)

Table 6.             Saudi Arabia Middle East & Africa Tow Prepreg Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)

Table 7.             Saudi Arabia Middle East & Africa Tow Prepreg Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million)

Table 8.             UAE Middle East & Africa Tow Prepreg Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)

Table 9.             UAE Middle East & Africa Tow Prepreg Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)

Table 10.          UAE Middle East & Africa Tow Prepreg Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million)

Table 11.          Rest of MEA Middle East & Africa Tow Prepreg Market, by Fiber Type – Revenue and Forecast to 2028 (USD Million)

Table 12.          Rest of MEA Middle East & Africa Tow Prepreg Market, by Resin Type – Revenue and Forecast to 2028 (USD Million)

Table 13.          Rest of MEA Middle East & Africa Tow Prepreg Market, by End-Use Industry – Revenue and Forecast to 2028 (USD Million)

Table 14.           Glossary of Terms, Tow Prepregs Market

LIST OF FIGURES

Figure 1.           Tow Prepregs Market Segmentation

Figure 2.           Middle East & Africa Tow Prepregs Market Segmentation – By Country

Figure 3.           Middle East & Africa Tow Prepregs Market Overview

Figure 4.           Automotive and transportation Industry is Fastest Growing Segment in Middle East & Africa Tow Prepregs Market

Figure 5.           UAE is Fastest Growing Country in Middle East & Africa Tow Prepregs Market

Figure 6.           Middle East & Africa Tow Prepregs Market, Industry Landscape

Figure 7.           MEA: PEST Analysis

Figure 8.           Expert Opinion

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

Figure 10.        Middle East & Africa: 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.        Middle East & Africa: Tow Prepregs Market, by Key Country – Revenue (2019) (USD Million)

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

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

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

Figure 29.        UAE: Tow Prepreg Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Rest of MEA: Tow Prepreg Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31.         Impact of COVID-19 Pandemic in Middle East & Africa 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 Middle East & Africa tow prepregs market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa tow prepregs market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa 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
TIPRE00022972
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