Unidirectional Tapes Market by Fiber (Glass Fiber, Carbon Fiber), Resin Type (Thermoplastic, and Thermoset), End Use (Aerospace & Defense, Automotive, Sports and Leisure, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 215 million mark in 2022 and is expected to hit US$ 495 million by 2030, recording a CAGR of 11% during the forecast period.
Unidirectional tapes market is significantly increasing with use of tapes in different applications.
Increasing use of unidirectional tapes in primary and secondary aircraft structures, rising demand for lightweight components in automotive and aerospace industry, and rising investment in research and development activities for the production of advanced high-strength adhesive tapes are some of the major factors driving the growth of the market. The thermoplastic segment is expected to pace up owing to its characteristics such as flexibility, strength, durability for in-situ consolidation, press molding, and autoclave manufacturing processes. Further, thermoset segments are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into fiber, resin type, end use, and geography. By fiber, the market is further segmented into glass fiber, and carbon fiber. On the basis of resin type, the market is bifurcated into thermoplastic, and thermoset. By end use, the market is categorized into aerospace & defense, automotive, sports and leisure, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Increasing use of unidirectional tapes in aircraft structures has empowered the growth of futuristic innovations.
Unidirectional tapes are composite materials made from glass or carbon fiber. These materials provide durability, chemical resistance, fire performance, and mechanical properties to meet the demand for various applications. The demand for unidirectional tapes in aircraft structure is increasing owing to rising demand for vehicle weight reduction and increase the fuel efficiency. In addition, these tapes exhibit greater strength-to-weight capacity which makes it more suitable for efficient structural and aerodynamic designs.
Rising adoption in various industries is one of the major factors accelerating the market growth.
The industries for unidirectional tapes are aerospace & defense, automotive, sports and leisure, and others. Within these industries, aerospace and defense industry is one such industry, wherein the use of unidirectional tapes is increasing owing to rising demand for aircrafts from emerging economies, and growing demand for fuel efficient aircrafts. The automotive, and sports and leisure industry has also witnessed an extensive use of unidirectional tapes owing to its various advantageous characteristics.
Recent strategic developments in unidirectional tapes market
The unidirectional tapes market has undergone several significant developments, and a few of these have been mentioned below:
- In May 2021, Toray Advanced Composites expanded its thermoplastic composite material capabilities to advance its ‘Cetex’ brand of reinforced thermoplastic composite laminates and unidirectional tapes
The unidirectional tapes market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Toray Advanced Composites, SABIC, Evonik Industries AG, Hexcel Corporation, and SGL Carbon are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Unidirectional tapes related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Application industry of unidirectional tapes industry
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Fiber:
- Glass Fiber
- Carbon Fiber
- Resin Type:
- Thermoplastic
- Thermoset
- End Use:
- Aerospace & Defense
- Automotive
- Sports and Leisure
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Toray Advanced Composites
- SABIC
- Evonik Industries AG
- Hexcel Corporation
- SGL Carbon
Companies profiled
- Toray Advanced Composites
- SABIC
- Evonik Industries AG
- Hexcel Corporation
- SGL Carbon