Global Unidirectional Tapes (UD Tapes) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global unidirectional tapes (UD tapes) market in its upcoming report titled, “Global Unidirectional Tapes (UD Tapes) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global unidirectional tapes (UD tapes) market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global unidirectional tapes (UD tapes) market report has been segmented on the fiber type, resin type, end use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Unidirectional tapes are composite materials that are generally based on carbon fiber or glass fiber. These tapes are used in various industries such as automotive and aerospace industries as a standard material.
Increasing demand for unidirectional tapes in automotive industry in order to manufacturer lightweight vehicles, coupled with rapidly growing automotive industry across the globe is major factors expected to drive growth of the global unidirectional tapes (UD tapes) market over the forecast period. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), production of light commercial vehicles in Europe was 2,403,135 in 2015, which increased to 2,476,075 in 2016. Rapidly growing aerospace industry is expected to create high demand for unidirectional tapes thereby driving growth of the target market over the forecast period.
However, high cost associated with manufacturing and processing of unidirectional tapes (UD tapes) market is expected to hamper growth of global unidirectional tapes (UD tapes) market over the forecast period.
North America market dominates the global unidirectional tapes (UD) tapes market in terms of revenue contribution as compared to markets in other regions. The market in the North America is projected to register comparatively faster growth in terms of revenue over the next 10 years. Rapidly growing aerospace & defense and automotive sectors especially in US, is a major factor expected to support growth of the market in the region over the forecast period. Europe accounts for second-largest revenue share contribution to the global unidirectional tapes (UD) tapes market, registering a share of XX.X%, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa, respectively.
Target audience for the global unidirectional tapes (UD tapes) market includes unidirectional tapes (UD tapes) manufacturers, suppliers and distributors of unidirectional tapes, government and research organizations, industrial and association bodies, environment support agencies, and end use industries etc.
Global unidirectional tapes (UD tapes) market segmentation, by fiber type:
- Glass Fiber
- Carbon Fiber
Global unidirectional tapes (UD tapes) market segmentation, by resin type:
Global unidirectional tapes (UD tapes) market segmentation, by end use industry:
- Aerospace & Defense
- Sports & Leisure
Global unidirectional tapes (UD tapes) market 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 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Evonik Industries AG
- Solvay S.A.
- Hexcel Corporation
- Royal Tencate N.V.
- SGL Group
- Teijin Limited
- Celanese Corporation
- BASF SE
- Victrex Plc.
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