Unidirectional tapes consist of endless fibres which are oriented in one direction impregnated with a polymer resin matrix. These tapes offer significant weight reduction which helps various industries to reduce carbon emissions. Stringent regulatory norms for carbon emissions from vehicles and aerospace industry will accelerate market growth.
Shifting preferences towards lightweight materials in mainly in automotive and aviation will promote product demand. Global automotive industry is evolving with high consumer demand, changing regulatory environment, product innovation and technical advancement. According to statistics the automotive industry worldwide will grow at a CAGR of 4.5% up to 2025. According to OICA, global vehicle production accounted for over 91.78 million units in 2019. Thus, driving demand for these products. These tapes are used in automotive industry for structural as well as cosmetic components in chassis and roofs. Growing research initiatives in developing technically advanced tapes will further boost product demand.
The report analyses the global unidirectional tapes market based on resin, fibre, end-user and geography.
Various materials studied are segmented into thermoset, thermoplastic. Thermoplastic resins leads the unidirectional tapes market owing to its high suitability for manufacturing durable components having application as primary structures for extreme conditions including fuselage application, thus propelling demand for thermoplastic tapes. Taping materials allows producing tight tolerance parts to combat high temperature as well as chemical and conductive environment. Furthermore, high molecular weight compounds offer high mechanical strength along with impact strength and lower notch sensitivity at high temperature, thus promoting demand of these products.
Furthermore, technology studied in the market includes carbon fibre and glass fibre. Carbon fibre dominated the unidirectional tapes market by fibre owing to superior functional benefits including strength, rigidity, and lightness making it suitable for various applications in airplane construction. Moreover, they offer lower density area and higher covering factor which will further boost product demand.
Various application considered in this study includes aerospace & defence, automotive, sports & leisure. Aerospace & defence application will observe robust growth over the foreseeable timeframe owing to its capacity to reduce air craft weight by 30%. Aerospace industry has emerged in the past years owing to increasing privatization which has drawn a pool of funds in this industry supported by development of technology and infrastructure. Production initiatives and globalization leading to FDI in aircraft production will further propel product demand in this industry. Moreover, U.S. is a major producer of technologically advanced aircrafts along with space and defence systems will further enhance product demand.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America region led by U.S., Canada and Mexico is a dominant region for unidirectional tapes market and is projected to continue its dominance in coming years. Automotive industry expansion owing to economic growth and increase in vehicle ownership will promote regional growth. With growing environmental concerns, government and environmental agencies have established stringent emission norms in this region has shifted inclination towards light weight automobiles which will further drive market growth.
The key competitors of this market Evonik, SABIC, Hexcel Coporation, SGL Group, Solvay, Tejin Limited, BASF, Celenese Corporation, Barrday, BASF SE, Cristex, TCR Composites, and Sigmatex.
The report analyses the global unidirectional tapes market based on fibres, resin, end-user and geography. Various materials studied are segmented into thermoset, thermoplastic. Furthermore, technology studied in the market includes carbon fibre and glass fibre. Various application considered in this study includes aerospace & defence, automotive, sports & leisure. The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan, Australia and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa.
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