Carbon Fiber Tapes Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Carbon fiber tapes market
The Carbon fiber tapes market size was valued at USD 1.9 billion in 2019. The market is projected to grow from USD 4.8 billion in 2027, exhibiting a CAGR of 13.4% during the forecast period of 2024-2032.
The COVID-19 pandemic negatively affected the carbon fiber tapes marketplace, disrupting deliver chains and halting production throughout industries like aerospace, car, and production. Travel restrictions and declining plane manufacturing reduced demand for lightweight materials in aviation, even as delays in automobile and infrastructure tasks in addition dampened marketplace boom. Many producers faced operational demanding situations and monetary constraints, slowing innovation and enlargement. However, some sectors, which include wind strength, maintained slight call for because of ongoing renewable energy projects. As industries recover and prioritize sustainability and light-weight materials for efficiency, the carbon fiber tapes marketplace is predicted to regain momentum in the put up-pandemic generation.
A substantial fashion in the carbon fiber tapes marketplace is the increasing adoption of automatic fiber placement (AFP) era in aerospace and car production. AFP uses carbon fiber tapes to create lightweight, high-energy composite components with precision and efficiency, decreasing cloth waste and production time. This trend aligns with the growing demand for gas-green automobiles and plane to satisfy environmental requirements and performance dreams. Additionally, the usage of carbon fiber tapes in wind turbine blades and wearing goods is gaining traction, pushed by using the need for durable and lightweight solutions. These improvements highlight the market's shift towards revolutionary, sustainable applications.
A key using issue for the carbon fiber tapes marketplace is the developing demand for lightweight, excessive-power substances in the automotive and aerospace industries. As manufacturers are searching for to improve gas performance and reduce emissions, carbon fiber tapes provide tremendous blessings because of their exceptional power-to-weight ratio, sturdiness, and resistance to corrosion. In the automotive sector, carbon fiber tapes help reduce automobile weight, main to advanced overall performance and strength performance, specifically in electric cars (EVs). In aerospace, their use in plane components complements gas performance and performance. This drive closer to sustainability and performance optimization is fueling the growing adoption of carbon fiber tapes.
Comprehensive Analysis of Carbon fiber tapes market
The Carbon fiber tapes market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by form includes, dry tapes, and prepreg tapes, by resin includes, epoxy, polyamide, bismaleimide, thermoplastic, and others, by end-use includes, aerospace & defense, automotive, sports/leisure, building & construction, and others.
The North America location lead the Carbon fiber tapes market share percentage via benefitting a marketplace size of USD 690.7 million due to the rise in U.S. economies, the involvement of top players, and the growth of the aerospace & defense industry.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, SABIC, Evonik, Royal DSM, Celanese Corporation, Victrex plc., Cristex, these market players provide a level-playing competitive landscape.
May 2021: Teijin Carbon Europe released a new polyphenylene sulphide (PPS)-based totally carbon fiber thermoplastic unidirectional pre-impregnated tape (TPUD), branded as Tenax TPUD. This progressive tape goals fee-sensitive markets even as maintaining key blessings such as chemical and solvent resistance, low flammability, and recyclability. The PPS matrix enhances the tape's overall performance by providing stepped forward flame-retardant properties and minimum smoke emissions, making it perfect for use in interior applications of plane, rail carriages, and other delivery sectors. The new Tenax TPUD can be stored and shipped at room temperature, offering practical blessings for producers at the same time as meeting stringent safety requirements.
Segmentation Table
ATTRIBUTES DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million)
Segmentation Form; Resin; End-use; and Geography
Segmentation
By Form
Dry Tapes
Prepreg Tapes
By Resin
Epoxy
Polyamide
Bismaleimide
Thermoplastic
Others
By End-use
Aerospace & Defense
Automotive
Sports/Leisure
Building & Construction
Others
By Geography
North America
By Form
By End-use
By Country
The U.S.
By End-use
Canada
By End-use
Europe
By Form
By End-use
By Country
Germany
By End-use
UK
By End-use
France
By End-use
Hungary
By End-use
Turkey
By End-use
Russia & CIS
By End-use
Rest of Europe
By End-use
Asia Pacific
By Form
By End-use
By Country
China
By End-use
Japan
By End-use
India
By End-use
Taiwan
By End-use
South Korea
By End-use
Rest of Asia Pacific
By End-use
Latin America
By Form
By End-use
By Country
Brazil
By End-use
Mexico
By End-use
Argentina
By End-use
Rest of Latin America
By End-use
Middle East & Africa
By Form
By End-use
By Country
GCC
By End-use
South Africa
By End-use
Rest of Middle East & Africa
By End-use
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Industry SWOT Analysis
- 4.3. Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Form Launches, and Mergers & Acquisitions
- 5. Qualitative Insights – Impact of COVID-19 on Global Carbon Fiber Tapes Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Government/Companies to overcome this impact
- 5.3. Potential opportunities due to COVID-19 outbreak
- 6. Global Carbon Fiber Tapes Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Form (Value)
- 6.2.1.1. Dry Tapes
- 6.2.1.2. Prepreg Tapes
- 6.2.2. By Resin (Value)
- 6.2.2.1. Epoxy
- 6.2.2.2. Polyamide
- 6.2.2.3. Bismaleimide
- 6.2.2.4. Thermoplastic
- 6.2.2.5. Others
- 6.2.3. By End-use (Value)
- 6.2.3.1. Aerospace & Defense
- 6.2.3.2. Automotive
- 6.2.3.3. Sports/Leisure
- 6.2.3.4. Building & Construction
- 6.2.3.5. Others
- 6.2.4. By Region (Value)
- 6.2.4.1. North America
- 6.2.4.2. Europe
- 6.2.4.3. Asia Pacific
- 6.2.4.4. Latin America
- 6.2.4.5. Middle East & Africa
- 7. North America Carbon Fiber Tapes Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Form (Value)
- 7.2.1.1. Dry Tapes
- 7.2.1.2. Prepreg Tapes
- 7.2.2. By Resin (Value)
- 7.2.2.1. Epoxy
- 7.2.2.2. Polyamide
- 7.2.2.3. Bismaleimide
- 7.2.2.4. Thermoplastic
- 7.2.2.5. Others
- 7.2.3. By End-use (Value)
- 7.2.3.1. Aerospace & Defense
- 7.2.3.2. Automotive
- 7.2.3.3. Sports/Leisure
- 7.2.3.4. Building & Construction
- 7.2.3.5. Others
- 7.2.4. By Country (Value)
- 7.2.4.1. U.S.
- 7.2.4.1.1. By End-use (Value)
- 7.2.4.1.1.1. Aerospace & Defense
- 7.2.4.1.1.2. Automotive
- 7.2.4.1.1.3. Sports/Leisure
- 7.2.4.1.1.4. Building & Construction
- 7.2.4.1.1.5. Others
- 7.2.4.2. Canada
- 7.2.4.2.1. By End-use (Value)
- 7.2.4.2.1.1. Aerospace & Defense
- 7.2.4.2.1.2. Automotive
- 7.2.4.2.1.3. Sports/Leisure
- 7.2.4.2.1.4. Building & Construction
- 7.2.4.2.1.5. Others
- 8. Europe Carbon Fiber Tapes Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Form (Value)
- 8.2.1.1. Dry Tapes
- 8.2.1.2. Prepreg Tapes
- 8.2.2. By Resin (Value)
- 8.2.2.1. Epoxy
- 8.2.2.2. Polyamide
- 8.2.2.3. Bismaleimide
- 8.2.2.4. Thermoplastic
- 8.2.2.5. Others
- 8.2.3. By End-use (Value)
- 8.2.3.1. Aerospace & Defense
- 8.2.3.2. Automotive
- 8.2.3.3. Sports/Leisure
- 8.2.3.4. Building & Construction
- 8.2.3.5. Others
- 8.2.4. By Country (Value)
- 8.2.4.1. Germany
- 8.2.4.1.1. By End-use (Value)
- 8.2.4.1.1.1. Aerospace & Defense
- 8.2.4.1.1.2. Automotive
- 8.2.4.1.1.3. Sports/Leisure
- 8.2.4.1.1.4. Building & Construction
- 8.2.4.1.1.5. Others
- 8.2.4.2. U.K.
- 8.2.4.2.1. By End-use (Value)
- 8.2.4.2.1.1. Aerospace & Defense
- 8.2.4.2.1.2. Automotive
- 8.2.4.2.1.3. Sports/Leisure
- 8.2.4.2.1.4. Building & Construction
- 8.2.4.2.1.5. Others
- 8.2.4.3. France
- 8.2.4.3.1. By End-use (Value)
- 8.2.4.3.1.1. Aerospace & Defense
- 8.2.4.3.1.2. Automotive
- 8.2.4.3.1.3. Sports/Leisure
- 8.2.4.3.1.4. Building & Construction
- 8.2.4.3.1.5. Others
- 8.2.4.4. Hungary
- 8.2.4.4.1. By End-use (Value)
- 8.2.4.4.1.1. Aerospace & Defense
- 8.2.4.4.1.2. Automotive
- 8.2.4.4.1.3. Sports/Leisure
- 8.2.4.4.1.4. Building & Construction
- 8.2.4.4.1.5. Others
- 8.2.4.5. Turkey
- 8.2.4.5.1. By End-use (Value)
- 8.2.4.5.1.1. Aerospace & Defense
- 8.2.4.5.1.2. Automotive
- 8.2.4.5.1.3. Sports/Leisure
- 8.2.4.5.1.4. Building & Construction
- 8.2.4.5.1.5. Others
- 8.2.4.6. Russia & CIS
- 8.2.4.6.1. By End-use (Value)
- 8.2.4.6.1.1. Aerospace & Defense
- 8.2.4.6.1.2. Automotive
- 8.2.4.6.1.3. Sports/Leisure
- 8.2.4.6.1.4. Building & Construction
- 8.2.4.6.1.5. Others
- 8.2.4.7. Rest of Europe
- 8.2.4.7.1. By End-use (Value)
- 8.2.4.7.1.1. Aerospace & Defense
- 8.2.4.7.1.2. Automotive
- 8.2.4.7.1.3. Sports/Leisure
- 8.2.4.7.1.4. Building & Construction
- 8.2.4.7.1.5. Others
- 9. Asia-Pacific Carbon Fiber Tapes Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Form (Value)
- 9.2.1.1. Dry Tapes
- 9.2.1.2. Prepreg Tapes
- 9.2.2. By Resin (Value)
- 9.2.2.1. Epoxy
- 9.2.2.2. Polyamide
- 9.2.2.3. Bismaleimide
- 9.2.2.4. Thermoplastic
- 9.2.2.5. Others
- 9.2.3. By End-use (Value)
- 9.2.3.1. Aerospace & Defense
- 9.2.3.2. Automotive
- 9.2.3.3. Sports/Leisure
- 9.2.3.4. Building & Construction
- 9.2.3.5. Others
- 9.2.4. By Country (Value)
- 9.2.4.1. China
- 9.2.4.1.1. By End-use (Value)
- 9.2.4.1.1.1. Aerospace & Defense
- 9.2.4.1.1.2. Automotive
- 9.2.4.1.1.3. Sports/Leisure
- 9.2.4.1.1.4. Building & Construction
- 9.2.4.1.1.5. Others
- 9.2.4.2. Japan
- 9.2.4.2.1. By End-use (Value)
- 9.2.4.2.1.1. Aerospace & Defense
- 9.2.4.2.1.2. Automotive
- 9.2.4.2.1.3. Sports/Leisure
- 9.2.4.2.1.4. Building & Construction
- 9.2.4.2.1.5. Others
- 9.2.4.3. India
- 9.2.4.3.1. By End-use (Value)
- 9.2.4.3.1.1. Aerospace & Defense
- 9.2.4.3.1.2. Automotive
- 9.2.4.3.1.3. Sports/Leisure
- 9.2.4.3.1.4. Building & Construction
- 9.2.4.3.1.5. Others
- 9.2.4.4. Taiwan
- 9.2.4.4.1. By End-use (Value)
- 9.2.4.4.1.1. Aerospace & Defense
- 9.2.4.4.1.2. Automotive
- 9.2.4.4.1.3. Sports/Leisure
- 9.2.4.4.1.4. Building & Construction
- 9.2.4.4.1.5. Others
- 9.2.4.5. South Korea
- 9.2.4.5.1. By End-use (Value)
- 9.2.4.5.1.1. Aerospace & Defense
- 9.2.4.5.1.2. Automotive
- 9.2.4.5.1.3. Sports/Leisure
- 9.2.4.5.1.4. Building & Construction
- 9.2.4.5.1.5. Others
- 9.2.4.6. Rest of Asia Pacific
- 9.2.4.6.1. By End-use (Value)
- 9.2.4.6.1.1. Aerospace & Defense
- 9.2.4.6.1.2. Automotive
- 9.2.4.6.1.3. Sports/Leisure
- 9.2.4.6.1.4. Building & Construction
- 9.2.4.6.1.5. Others
- 10. Latin America Carbon Fiber Tapes Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Form (Value)
- 10.2.1.1. Dry Tapes
- 10.2.1.2. Prepreg Tapes
- 10.2.2. By Resin (Value)
- 10.2.2.1. Epoxy
- 10.2.2.2. Polyamide
- 10.2.2.3. Bismaleimide
- 10.2.2.4. Thermoplastic
- 10.2.2.5. Others
- 10.2.3. By End-use (Value)
- 10.2.3.1. Aerospace & Defense
- 10.2.3.2. Automotive
- 10.2.3.3. Sports/Leisure
- 10.2.3.4. Building & Construction
- 10.2.3.5. Others
- 10.2.4. By Country (Value)
- 10.2.4.1. Brazil
- 10.2.4.1.1. By End-use (Value)
- 10.2.4.1.1.1. Aerospace & Defense
- 10.2.4.1.1.2. Automotive
- 10.2.4.1.1.3. Sports/Leisure
- 10.2.4.1.1.4. Building & Construction
- 10.2.4.1.1.5. Others
- 10.2.4.2. Mexico
- 10.2.4.2.1. By End-use (Value)
- 10.2.4.2.1.1. Aerospace & Defense
- 10.2.4.2.1.2. Automotive
- 10.2.4.2.1.3. Sports/Leisure
- 10.2.4.2.1.4. Building & Construction
- 10.2.4.2.1.5. Others
- 10.2.4.3. Argentina
- 10.2.4.3.1. By End-use (Value)
- 10.2.4.3.1.1. Aerospace & Defense
- 10.2.4.3.1.2. Automotive
- 10.2.4.3.1.3. Sports/Leisure
- 10.2.4.3.1.4. Building & Construction
- 10.2.4.3.1.5. Others
- 10.2.4.4. Rest of Latin America
- 10.2.4.4.1. By End-use (Value)
- 10.2.4.4.1.1. Aerospace & Defense
- 10.2.4.4.1.2. Automotive
- 10.2.4.4.1.3. Sports/Leisure
- 10.2.4.4.1.4. Building & Construction
- 10.2.4.4.1.5. Others
- 11. Middle East & Africa Carbon Fiber Tapes Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Form (Value)
- 11.2.1.1. Dry Tapes
- 11.2.1.2. Prepreg Tapes
- 11.2.2. By Resin (Value)
- 11.2.2.1. Epoxy
- 11.2.2.2. Polyamide
- 11.2.2.3. Bismaleimide
- 11.2.2.4. Thermoplastic
- 11.2.2.5. Others
- 11.2.3. By End-use (Value)
- 11.2.3.1. Aerospace & Defense
- 11.2.3.2. Automotive
- 11.2.3.3. Sports/Leisure
- 11.2.3.4. Building & Construction
- 11.2.3.5. Others
- 11.2.4. By Country (Value)
- 11.2.4.1. GCC
- 11.2.4.1.1. By End-use (Value)
- 11.2.4.1.1.1. Aerospace & Defense
- 11.2.4.1.1.2. Automotive
- 11.2.4.1.1.3. Sports/Leisure
- 11.2.4.1.1.4. Building & Construction
- 11.2.4.1.1.5. Others
- 11.2.4.2. South Africa
- 11.2.4.2.1. By End-use (Value)
- 11.2.4.2.1.1. Aerospace & Defense
- 11.2.4.2.1.2. Automotive
- 11.2.4.2.1.3. Sports/Leisure
- 11.2.4.2.1.4. Building & Construction
- 11.2.4.2.1.5. Others
- 11.2.4.3. Rest of Middle East & Africa
- 11.2.4.3.1. By End-use (Value)
- 11.2.4.3.1.1. Aerospace & Defense
- 11.2.4.3.1.2. Automotive
- 11.2.4.3.1.3. Sports/Leisure
- 11.2.4.3.1.4. Building & Construction
- 11.2.4.3.1.5. Others
- 12. Competitive Analysis
- 12.1. Business Strategies Adopted by Leading Players
- 12.2. Global Carbon Fiber Tapes Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 13. Company Profiles
- 13.1. Hexcel Corporation (U.S.)
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Form Portfolio
- 13.1.4. Financials (As per Availaibity)
- 13.1.5. Recent Developments
- 13.2. SABIC (Saudi Arabia)
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Form Portfolio
- 13.2.4. Financials (As per Availaibity)
- 13.2.5. Recent Developments
- 13.3. TEIJIN LIMITED (Japan)
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Form Portfolio
- 13.3.4. Financials (As per Availaibity)
- 13.3.5. Recent Developments
- 13.4. SGL Carbon (Germany)
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Form Portfolio
- 13.4.4. Financials (As per Availaibity)
- 13.4.5. Recent Developments
- 13.5. Royal DSM (Netherlands)
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Form Portfolio
- 13.5.4. Financials (As per Availaibity)
- 13.5.5. Recent Developments
- 13.6. Evonik (Germany)
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Form Portfolio
- 13.6.4. Financials (As per Availaibity)
- 13.6.5. Recent Developments
- 13.7. Solvay (Belgium)
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Form Portfolio
- 13.7.4. Financials (As per Availaibity)
- 13.7.5. Recent Developments
- 13.8. TORAY INDUSTRIES, INC. (Japan)
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Form Portfolio
- 13.8.4. Financials (As per Availaibity)
- 13.8.5. Recent Developments
- 13.9. Celanese Corporation (U.S.)
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Form Portfolio
- 13.9.4. Financials (As per Availaibity)
- 13.9.5. Recent Developments
- 13.10. Victrex plc. (UK)
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Form Portfolio
- 13.10.4. Financials (As per Availaibity)
- 13.10.5. Recent Developments
- 13.11. Cristex (UK)
- 13.11.1. Overview
- 13.11.2. Description
- 13.11.3. Form Portfolio
- 13.11.4. Financials (As per Availaibity)
- 13.11.5. Recent Developments
- 13.12. Eurocarbon (Netherlands)
- 13.12.1. Overview
- 13.12.2. Description
- 13.12.3. Form Portfolio
- 13.12.4. Financials (As per Availaibity)
- 13.12.5. Recent Developments
- 13.13. Other Key Players
- 13.13.1. Overview
- 13.13.2. Description
- 13.13.3. Form Portfolio
- 13.13.4. Financials (As per Availaibity)
- 13.13.5. Recent Developments
- 14. Appendix
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