The global Unidirectional Tapes market size is expected to be worth around US$ 517.8 million by 2027, according to a new report by Vision Research Reports.
The global Unidirectional Tapes market size was valued at US$ 181.1 million in 2019 and is anticipated to grow at a CAGR of 14.01% during forecast period 2020 to 2027.
Growth Factors
The rapidly rising demand for technologically advanced and fuel-efficient aircraft is expected to improve the application of the product in the aerospace and defense sector, thereby drving the overall market.
Unidirectional (UD) tapes offer superior strength to weight ratio as compared to other conventional aerospace materials. Thus, the UD tapes play a critical role in replacing the metal components in the primary and secondary structures of the aircraft. In addition, these tapes also offer exceptional abrasion resistance and high stiffness, thereby driving the demand.
Advancements in unidirectional tape prepreg technology are expected to enhance the laying up speed for thermoplastics composite parts. The aforementioned composite process development is projected to facilitate the aerospace sector to manufacture composite parts at higher speed and economy, thereby positively impacting the overall product demand.
Report Highlights
The thermoplastic resin led the unidirectional tapes market and accounted for more than 71% of the revenue share in 2019. UD tapes with thermoplastic resin are highly suitable for the manufacturing of exceptionally durable components for use as primary structures under extreme conditions, such as in fuselage applications, thereby driving for UD tapes demand over the forecast period.
Taping materials allow producing tight tolerance parts through laying or winding to withstand high temperature as well as the conductive and chemical environment. In addition, higher molecular weight and ductility offered by these tapes offer several mechanical benefits such as superior impact strength and lower notch sensitivity at elevated temperatures.
The thermoset resin segment is also one of the most popular categories in the market that is likely to expand at a CAGR of 13.1% from 2020 to 2027. Intrinsic flammability properties and robust performance offered by the tapes with thermoset resin is expected to represent it as one of the most suitable options for aerospace applications.
Aerospace and defense application led the market and accounted for more than 50% revenue share in 2019. UD taping solutions are increasingly used for seat frames replacing conventional aluminum frames in aircraft, owing to 30% weight reduction offered by the product. This, in turn, is expected to drive its demand in aerospace & defense applications.
Automotive application is expected to witness the fastest CAGR of 14.2% from 2020 to 2027. The automotive sector is one of the major end-users of UD tapes and plays a key role in manufacturing automotive OEMs. These taping materials are mostly used for cosmetic components and several structural components including chassis and roofs.
The carbon fiber reinforced unidirectional tapes led the market and accounted for more than 80% revenue share in 2019. Carbon fiber unidirectional tapes impregnated with polyamide 12 or as thermoplastic matrix offer a high-performance solution for high strength demanding applications.
Glass fiber tapes are also one of the most popular categories in unidirectional tapes, which is expected to register a CAGR of 12.8 % over the forecast period. The continuous glass fiber exhibits a combination of durability and strength along with ultra-lightweight properties, thereby making these taping materials suitable for lightweight and strength demanding applications.
North America dominated the market and accounted for over 39.01% revenue share. The U.S. is the leading manufacturer of civil aircraft, space systems, rotorcraft, engines, and related subsystems and components. Thus, it exhibits great potential for the growth of the market over the forecast period.
Europe is expected to witness the fastest CAGR of 14.8% from 2020 to 2027 since the European Composites Industry Association stated that carbon fiber reinforced plastics and carbon fiber reinforced plastics are completely recyclable. In addition, they also mentioned that they are in line with the European Union Legislation and stringent U.S. regulations.
Key Players
Evonik Industries
SABIC
Solvay
Hexcel Corporation
Royal Tencate
SGL Group
Teijin Limited
BASF SE
Celanese Corporation
Victrex
Cristex
Eurocarbon
PRF Composite Materials
TCR Composites
Market Segmentation
Resin Outlook
Thermoplastic UD Tapes
Thermoset UD Tapes
Fiber Outlook
Glass Fiber
Carbon Fiber
Other Fiber
End-use Outlook
Aerospace & Defense
Automotive
Sports & Leisure
Other Applications
Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
The U.K.
Germany
France
Italy
Spain
Asia Pacific
China
Japan
India
South Korea
Central & South America (CSA)
Brazil
Argentina
Middle East & Africa (MEA)
The Unidirectional Tapes market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Unidirectional Tapes market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Unidirectional Tapes market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Unidirectional Tapes market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Unidirectional Tapes market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Unidirectional Tapes capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Unidirectional Tapes by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Unidirectional Tapes market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Unidirectional Tapes market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Unidirectional Tapes market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Unidirectional Tapes industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Unidirectional Tapes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Unidirectional Tapes market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Unidirectional Tapes market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Unidirectional Tapes market. These factors have benefited the growth of the global market for Unidirectional Tapes. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Unidirectional Tapes. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Unidirectional Tapes are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers