Unidirectional Tapes Market Size, Share & Trends Analysis Report By Resin Type (Thermoplastic, Thermoset), By Fiber (Carbon, Glass, Other Fiber), By End-use (Aerospace & Defense, Automotive), By Region, And Segment Forecasts, 2023 - 2030

Unidirectional Tapes Market Size, Share & Trends Analysis Report By Resin Type (Thermoplastic, Thermoset), By Fiber (Carbon, Glass, Other Fiber), By End-use (Aerospace & Defense, Automotive), By Region, And Segment Forecasts, 2023 - 2030

Unidirectional Tapes Market Growth & Trends

The global unidirectional tapes market size is expected to reach USD 793.6 million by 2030, expanding at a CAGR of 16.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing emphasis by aerospace companies on the production of lightweight aircraft is expected to drive the demand for unidirectional (UD) tapes over the forecast period. The development of advanced products for sealing, coupled with the rising investments in R&D for the production of advanced high-strength adhesive tapes, is projected to drive the product demand over the forecast period.

In addition, the development of eco-friendly solvent recovery technology used for the coating of adhesives is expected to drive the product demand in the coming years. Aerospace & defense was the largest end-use segment in 2022 and is likely to maintain its dominance over the forecast period. Thermoplastic and thermosets UD tapes are used in primary and secondary aircraft structures and high-load aircraft interior applications including fuselage, wings, cargo liners, bulkheads/class dividers, and lavatory modules.

The market is moderately competitive owing to the presence of a limited set of players majorly concentrated in the U.K. and Germany. The market is also highly influenced by various other players from the countries, such as the U.S., Saudi Arabia, Japan, and the Netherlands. Major players in the industry focus on research & development activities to introduce ultra-lightweight components for bonding operations the in automotive and aerospace sectors

Unidirectional Tapes Market Report Highlights

• North America accounted for the largest revenue share of over 39.7% of the global UD tapes market in 2022
• Prominent automobile manufacturers in the region are engaged in the production of lightweight vehicles, which is boosting the product demand
• The thermoplastic resin type segment led the global market in 2022 with a revenue share of 72.0%
• This growth is credited to their wide application scope in automotive and aerospace parts manufacturing operations
• The market is moderately competitive with a limited number of multinational companies

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