The Carbon Fiber Tape Market research report classifies the market trends relevant to the supply, requirement, and arrangement, at any rate, the new events. The report highlights huge drivers, restrictions and positive chances to give a definite image of the market. The Carbon Fiber Tape Market research report gives complete details about the profitable emerging markets and examines insights into the markets' developing section. Furthermore, the Carbon Fiber Tape Market research report gives a complete evaluation of market shares, approaches, products, verification, regulatory approvals, copyright aspect, and manufacturing proficiency of the leading players.
Carbon Fiber Tape Market by form (Prepreg Tape, Carbon Tape), Resin (Epoxy, Thermoplastic, Polyamide), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace, Marine, Pipe & Tank, Sporting Goods) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Carbon Fiber Tape Market Overview
The global Carbon Fiber Tape Market will witness a CAGR of 9.02% during the forecast period of 2021-2028.
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Carbon fiber tape is a flat material made of carbon fiber that is suitable for graphite surface crack repair, lap joining, and sleeve winding, and specific strengthening of carbon fiber fabrication. Carbon fiber tapes are majorly applicable in aerospace and sporting goods industries for producing various materials such as golf shafts, bicycle frames, fuselage skins, and wing spars. In addition, they are applicable in medical, pipe & tank, automotive, and wind energy.
Growth in the demand for carbon fiber tape especially in the developing economies like India and China, growing use of carbon fiber tape for a wide range of end user applications such as aerospace and marine, wind energy, sporting goods, construction and infrastructure, and other applications, growth in the production of lightweight automobiles and surge in industrialization especially in the developing countries are some of the factors that have supported long-term expansion for Carbon Fiber Tape Market.
Owing to the outbreak of the COVID-19 pandemic, the global carbon fiber tape market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown.
Carbon Fiber Tape Market Regional Analysis
North America accounts for the largest share in the carbon fiber tape market, owing to the growing economies of the US, Canada, the presence of prominent players, and expanding aerospace & defense industry. In North America, the US is projected to grow at the fastest rate during the forecast period. It is the largest market for carbon fiber tape in North America.
Carbon Fiber Tape Market Competitive Landscape
Key Players
· Evonik Industries
· SABIC
· ZOLTEK Corporation
· Teijin Limited
· Hexcel Corporation
· Toray Advanced Composites
· SGL Carbon
· Koninklijke DSM N.V.
· Mitsubishi Chemical Corporation
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Recent Developments in the Carbon Fiber Tape Market
· In April 2018, Solvay launched Evolite F1050, a high-performance PVDF carbon fiber composite tape for demanding oil & gas applications.
· In February 2019, Teijin acquired Renegade Materials Corporation, a supplier of highly heat-resistant thermoset prepreg for the aerospace industry in North America. This helped the company solidify its position as a leading provider of solutions for aerospace applications.
Reasons to Acquire Carbon Fiber Tape Market Report
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Carbon Fiber Tape Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Carbon Fiber Tape Market is segmented into form, resin, manufacturing process, end use industry and region.
On the basis of Form
Prepreg tape
Dry tape
On the basis of Resin
Epoxy
Thermoplastic
Bismaleimide
Polyamide
On the basis of Manufacturing Process
Hot melt
Solvent drip
On the basis of End-User Industry
Aerospace & Defense
Marine
Pipe & Tank
Construction & Infrastructure
Sporting Goods
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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