South America Tow Prepregs Market Size, Share, and Analysis by 2028
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)
- Status : Published
- Report Code : TIPRE00022969
- Category : Chemicals and Materials
- No. of Pages : 119
- Available Report Formats :
- Last update date : June 07, 2021
2020 Market Size
US$ 23.85 Mn
Base year value
2028 Forecast
US$ 47.88 Mn
Projected by 2028
CAGR 2021-2028
9.1 %
Growth rate
Addressable Market
US$ 288.01 Mn
(2021-2028)
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.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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 Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 23.85 Million |
| Market Size by 2028 | US$ 47.88 Million |
| CAGR (2020 - 2028) | 9.1% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Fiber Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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