The South America tow prepregs market 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.
South America region includes countries such as Brazil, Argentina, and the rest of South America. The continuous technological and industrial developments have positively impacted the economic growth of countries such as Brazil and Argentina. The changing economic condition in South America coupled with the growth of automotive, aerospace, and other industries along with increasing support from the government for increasing the industrial production provide a huge developing potential for the tow prepreg market players in South and Central America. The use of tow prepreg process is rising with the growing awareness towards environmental sustainability. Moreover, the constant research and development by the key players to develop environmentally friendly products are anticipated to provide a developing opportunity for the market players over the forecast period.
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.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Fiber Type, Resin Type, End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Brazil, Argentina
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
- Eneos Corporation
- Hexcel Corporation
- Mitsubishi Chemical Corporation
- Porcher Industries
- SGL Carbon
- Teijin Limited
- Toray Industries, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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