The global Unidirectional Tapes market size is expected to be worth around US$ 602.9 million by 2030, according to a new report by Vision Research Reports.
The global Unidirectional Tapes market size was valued at US$ 160.3 million in 2020 and is anticipated to grow at a CAGR of 16.9% during forecast period 2021 to 2030.
Report Coverage
Report Scope | Details |
Market Size | US$ 602.9 million by 2030 |
Growth Rate | CAGR of 16.9% From 2021 to 2030 |
Base Year | 2021 |
Forecast Period | 2021 to 2030 |
Segments Covered | Resin type, fiber, end-use |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Mentioned | Evonik Industries AG; SABIC; Solvay, S.A.; Hexcel Corp.; Toray Industries, Inc.; SGL Group; Teijin Ltd.; BASF SE; Celanese Corp.; Victrex plc; Cristex Composite Materials; Eurocarbon B.V.; Plastic Reinforcement Fabrics Ltd.; TCR Composites, Inc.; Barrday, Inc. |
Growth Factors
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.
The rapidly increasing demand for lightweight components in the automotive and aerospace industries is expected to drive the demand for unidirectional (UD) tapes over the forecast period. Temporary closure of industrial operations to curb the spread of COVID-19 outbreak across the globe had negatively impacted the manufacturing operations in 2020.
By Segment Analysis
The thermoplastic resin type segment accounted for the largest revenue share of 74.7% in 2020. The product offers exceptional strength, flexibility, and durability for in-situ consolidation, press molding, and autoclave manufacturing processes thus is widely utilized in bonding applications in the automotive and aerospace industries.
UD tapes are an advanced composite material that is manufactured using carbon fiber or glass fiber impregnated with thermoplastic polymer including Polyether Ketone Ketone (PEEK) or Polyamide 12 (PA12) as a thermoplastic matrix.
UD tapes are derived through raw uncured resin molecules that are cross-linked through a catalytic chemical reaction. The uncured state of the material is primarily in liquid form, which allows for convenient impregnation of various reinforcement fibers including carbon fiber and fiberglass to form the UD tape of desired dimensions.
The thermoset UD tapes are resistant to corrosion, heat, and solvents and offer exceptional adhesion. The product also has high fatigue strength and elasticity, which make it suitable for various end-use applications including airplane wing spars, military vests & helmets, radome (structural weatherproof enclosure that protects a radar antenna), satellite mold joining, and F1 racing cars chassis structure.
By Fiber Analysis
The glass fiber segment dominated the UD tapes market with a revenue share of 58.2% in 2020 and is expected to ascend at a notable CAGR over the forecast period.
Glass fibers are used in producing structural composites and a wide variety of special-purpose products, such as frame and mold joining parts in aircraft, boats, rockets, and unmanned aerial vehicles.
Carbon fiber is primarily 15% lighter than glass fiber, 40% lighter than aluminum, and approximately 70% lighter than steel, which makes it a lightweight, strong, and rigid reinforced material.
The rising demand for outdoor recreational and sports equipment is further expected to increase the carbon fiber UD tapes demand in sports & leisure and automotive application segments.
By End-use Analysis
Aerospace & defense was the largest end-use segment in 2020 with a revenue share of 54.9%. It is likely to maintain its dominance over the forecast period.
The increase in usage of UD tapes in high-end cars and e-vehicles or Electric Vehicles (EVs) is expected to increase their penetration in the automotive industry. The reduction in vehicular weight helps increase its mileage and speed. Their usage in EVs helps increase the car range on a single charge.
The UD carbon fiber or glass fiber tapes have an exceptional fatigue resistance, rigidity and are lightweight, as a result, they can also be used as a laminated sheet or sleeve once placed at certain angles to manufacture prosthetic blades, which are extensively used by Paralympic sprinters.
UD tapes products are widely used in automotive products, such as auto parts, oil paints, coatings, lightweight hemp plastics, and related composites, for use as an alternative to fiberglass in the automotive and aviation sectors.
By Regional Analysis
North America dominated the market and accounted for 39.6% of revenue share in 2020. Robust aerospace and automobile manufacturing industries in the region coupled with the growing demand for lightweight vehicles are expected to ascend the product demand over the forecast period.
Europe is likely to ascend at a significant growth rate over the forecast period on account of a rise in demand from the automobile manufacturing industries that are aiming to procure materials for weight reduction.
Automobile production in China, India, and Japan accounted for the largest share in the APAC region. Companies, such as Honda Motor Company, Ltd., Suzuki Motor Corp., Hyundai Motor Company, and Tata Motors,
Key Players
Evonik Industries AG
SABIC
Solvay, S.A.
Hexcel Corp.
Toray Industries, Inc.
SGL Group
Teijin Ltd.
BASF SE
Celanese Corp.
Victrex plc.
Cristex Composite Materials
Eurocarbon B.V.
Plastic Reinforcement Fabrics Ltd.
TCR Composites, Inc.
Barrday, Inc.
Market Segmentation
By Resin Type
Thermoset
Thermoplastic
By Fiber
Glass Fiber
Carbon Fiber
Other Fiber
By End-use
Aerospace & Defense
Automotive
Sports & Leisure
Others
Regional
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
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 2020 and the forecast between 2021 and 2030. 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 2017 to 2030. 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.
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.
The study objectives of this report are:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Unidirectional Tapes Market, By Resin Type
7.1. Unidirectional Tapes Market, by Resin Type, 2021-2030
7.1.1. Thermoset
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Thermoplastic
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Unidirectional Tapes Market, By Fiber
8.1. Unidirectional Tapes Market, by Fiber, 2021-2030
8.1.1. Glass Fiber
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Carbon Fiber
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Other Fiber
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Unidirectional Tapes Market, By End User
9.1. Unidirectional Tapes Market, by End User, 2021-2030
9.1.1. Aerospace & Defense
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Automotive
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Sports & Leisure
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Unidirectional Tapes Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.1.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.1.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.1.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.1.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.2.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.2.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.2.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.2.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.2.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.2.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.3.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.3.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.3.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.3.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.3.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.3.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.4.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.4.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.4.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.4.6.3. Market Revenue and Forecast, by End User (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.4.7.3. Market Revenue and Forecast, by End User (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.5.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.5.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.5.4.3. Market Revenue and Forecast, by End User (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Resin Type (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Fiber (2017-2030)
10.5.5.3. Market Revenue and Forecast, by End User (2017-2030)
Chapter 11. Company Profiles
11.1. Evonik Industries AG
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. SABIC
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Solvay, S.A.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Hexcel Corp.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Toray Industries, Inc
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. SGL Group
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Teijin Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. BASF SE
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Celanese Corp.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Victrex plc.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms