“Global Carbon Fiber Tape Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global carbon fiber tape market report has been segmented on the basis of form type, resin type, end-use industry, and region.
Carbon Fiber Tape Market: Introduction
Carbon-fiber tapes are flat material manufactured using carbon fiber. Carbon fiber tapes are utilized to manufacture aircraft for better performance, to reduce weight, and to reduce fuel consumption. In aircraft parts carbon fiber tapes are used to make wing skins, wing spars, conduit, fuselage skin, rib stiffeners, access panels, brackets, and flooring. Carbon fiber tapes offers various superior properties including high stiffness, high strength, and high abrasion.
Carbon Fiber Tape Market: Dynamics
Rising demand for carbon fiber tapes across various end-use application industries including aerospace, medical, and pipe and tank is a key factor driving growth of the global carbon fiber tape market. Moreover, increasing demand of carbon fiber tape form wind energy and sporting goods industries is among additional factor expected to support revenue growth of the potential market in the next few years.
In addition, increasing use of carbon fiber tape for manufacturing various aircraft parts is key factor expected to fuel growth of the target market over the forecast period. Increasing adoption of these multifunctional tapes for automotive composites and various superior properties offered by these tapes are among other factors projected to drive growth of the potential market.
However, high manufacturing and processing cost of the carbon fiber is a major factor expected to restraint growth of the potential market to significant extent.
Carbon Fiber Tape Market: Segment Analysis
Among the form type segments, the prepreg tape segment is projected to register moderate share in term of revenue in the global carbon fiber tape market. This is due to increasing adoption from the sporting goods, aerospace, and automotive industries. These tapes offer superior strength-to-weight ratio, high toughness, corrosion fatigue resistance, and high stiffness. The prepreg tape segment is further estimated to register fastest CAGR over the next 10 years.
Among the resin type segments, the epoxy resin segment is estimated to register significant share in term of revenue in the global carbon fiber tape market. The epoxy resin segment revenue is expected to register fastest CAGR in the next 10 years.
Among the end-use industries segments, the aerospace segment is estimated to register significant share in term of revenue in the global carbon fiber tape market. The aerospace segment revenue is expected to register fastest CAGR in the next 10 years.
Carbon Fiber Tape Market: Region Analysis
North America market is expected to account for major share in terms of revenue in the global carbon fiber tape market. In addition, Asia Pacific market is expected to register highest revenue growth, owing to rising adoption of carbon fiber tapes from pipe and tank, marine, and aerospace industries. Increasing adoption of carbon fiber tapes in the automotive and wind energy industries in developing countries in Asia Pacific are among some of the key factors estimated to drive growth of the Asia Pacific carbon fiber tape market.
Global carbon fiber tape market segmentation:
Segmentation by form type:
- Prepreg Tape
- Dry Tape
Segmentation by resin type:
- Others (polyurethane, vinyl ester, polyester)
Segmentation by end-use industry:
- Aerospace and Marine
- Wind Energy
- Sporting Goods
- Construction and Infrastructure
- Others (medical, pipe and tank, and automotive)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 3M Company
- Royal Ten Cate (USA), Inc.
- Saudi Basic Industries Corporation (SABIC)
- Evonik Industries AG
- Zoltek Corporation
- Solvay SA
- Mitsubishi Chemical Carbon Fiber and Composites, Inc.
- Hexcel Corporation
- SGL Carbon SE
- Koninklijke DSM N.V.
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