Carbon Fiber Tape - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Carbon Fiber Tape Market is accounted for $1.36 billion in 2019 and is expected to reach $3.74 billion by 2027 growing at a CAGR of 13.5% during the forecast period. Increasing adoption of carbon fiber tapes in the construction industry and higher properties of carbon fiber tapes are the major factors propelling the market growth. However, high processing and built-up cost of carbon fiber is hampering the market growth.
Carbon-fiber tapes are flat substance manufactured by carbon fiber. These are utilized to manufacture aircraft for enhanced performance, to decrease weight, and to decrease fuel consumption. In aircraft parts carbon fiber tapes are used to make wing skins, conduit, rib stiffeners, access panels, brackets, and flooring. It offers various superior properties including high rigidity, high power, and high abrasion.
Based on the manufacturing process, the hot melt segment is estimated to have a lucrative owing to the employ of water-based and solvent-free adhesives. In this process, resins with an extremely low percentage of solvents are used for the manufacturing of tapes. It is a two-stage process, which involves the impregnation of the fibers and the pre-lamination of a substrate paper.
By geography, North America is going to have a lucrative growth during the forecast period due to the increasing economies of the US, Canada, the presence of well-known players, and growing aerospace & defense industry. The aerospace & defense and other end-use industries are quickly expanding, thereby pouring the demand for the market in this region.
Some of the key players profiled in the Carbon Fiber Tape Market includes Hughes Brothers, Mitsubishi Rayon Carbon Fiber & Composites, Solvay, Park Electrochemicals, PRF Composite Materials, Rock West Composite, Royal DSM, BASF SE, Celanese Corporation, Chomarat, Cristex, Eurocarbon, Evonik Industries, Hexcel Corporation and 3M.
• Dry Tape
• Prepreg Tape
• Other Resins
Manufacturing Processes Covered:
• Solvent Dip
• Hot Melt
• Industrial Grade
• Food Grade
• Tobacco Grade
End Users Covered:
• Aerospace & Defense
• Construction & Infrastructure
• Pipe & Tank
• Sports & Leisure
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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