Unidirectional (UD) Tapes Market Insights
UD tapes are composed of endless fibers that are orientated in one direction impregnated with a polymer resin matrix. UD tapes are layered together to form a laminate or a component. The number of layers depends upon the rigidity and strength required for the component. UD tapes offer a significant reduction in weight and also helps various industries (aerospace and automotive) to reduce carbon emissions. The UD tape is made by impregnating carbon fiber, glass fiber, aramid fiber or natural fiber stacked together in one direction, with a thermoset or thermoplastic resin.
Over the decades, thermoset UD tapes are more widely used across various industries, as they are cheaper, highly reactive and have ease of impregnation. High usage of carbon fiber/epoxy composites in the aerospace industry owing to their lightweight, high strength and modulus, and excellent fatigue performance; is also one of the major factors behind the dominance of thermoset UD tapes in the market. Thermoset UD tapes are widely used for making primary aerostructures such as fuselage and wings of the next-generation aircraft programs as they offer maximum strength and stiffness in one direction which is the desired property for large structures. In recent years, thermoplastic UD tapes are gaining traction in a wide array of applications as they offer higher toughness, high chemical resistance, easier & quicker in consolidation, quick cycle time, recyclability, and unlimited shelf life.
UD tapes represent less than 1% of the total composite materials market in terms of volume; however, it is anticipated to grow at one of the highest rates in years to come. Stratview Research’s estimates suggest that the market is set to grow at an attractive CAGR of 6.1% over the next five years to reach an estimated value of US$ 3.9 billion in 2025. Several factors are behind this growth of UD tapes in a wide array of end-use industries in which inherent benefits of UD tapes over competing metals including steel, aluminum and composite materials, such as compounds and fabric prepregs has been the biggest driver across industries. The changing market dynamics of each industry is further reinforcing the demand for UD tapes.
Increasing production rates of composites-rich aircraft programs (B787 and A350XWB) coupled with the development of fuel-efficient variants of the best-selling aircraft programs (A320neo, B737 Max, B777x, A330neo, E-2 jet, etc.) is propelling the demand for composite materials in the aerospace industry. With the increasing demand for composite materials, there has been a greater urge for automation in the manufacturing processes in order to address the increasing demand. AFP and ATL processes are such technologies that can lay prepreg materials at a much faster rate than laying prepreg materials manually and have been efficacious in gaining consequential shares in the aerospace prepreg market. UD tapes (slit and UD tape) are the materials of choice for such manufacturing processes.
Similarly, increasing demand for energy with a high focus on renewables is giving another impetus to the demand for UD tapes. Wind energy has been one of the most talked renewable energy sources. Governments of all the major economies are investing heavily by setting wind energy targets, assuring a sustainable demand for composite materials. Furthermore, wind turbine manufacturers are developing wind turbines with higher MW capacity for which they have been increasing the wind turbine blade length. The role of UD tape is pivotal in developing large-size blades at a lower weight. UD tapes are increasingly preferred in crucial blade sections, such as spar cap.
Automotive is another industry that is likely to be an epicenter of composite industry stakeholders including UD tape suppliers. The demand for composite materials has been increasing in the industry because of favourable government policies, such as CAFÉ standards and EU directives on carbon emission reductions. Electric and premium vehicles are witnessing the greatest penetration of composite materials including UD tapes.
Unidirectional (UD) Tapes Market Share Analysis
Unidirectional (UD) Tapes Market Share by Fiber Type
On the basis of fiber type, the market is segmented into carbon fiber UD tapes, glass fiber UD tapes, and other UD tapes. Carbon fiber UD tape is likely to remain the growth engine of the market during the forecast period. Aerospace & defense, automotive, consumer goods, and wind energy are likely to remain the major markets for carbon fiber UD tapes in years to come; however, aerospace & defense to remain the biggest market. Both thermoset and thermoplastics are gaining momentum in carbon fiber UD tapes.
Unidirectional (UD) Tapes Market Share by End-Use Industry Type
On the basis of end-use industry, the market is segmented into, aerospace & defense, automotive, consumer goods, wind energy, oil & gas, and others. Aerospace & defense is expected to remain the dominant segment, whereas automotive is expected to witness the highest growth during the forecast period. UD tapes have witnessed an increased penetration in various sections of an aircraft, such as in wings, fuselage, clips, clits, brackets, and profiles. Airbus anticipated that 39,210 new passenger and freight aircraft will be needed over the next 20 years (38,360 passenger aircraft and 850 freighter aircraft) during 2019-2038. Increasing demand for aircraft in emerging economies and continuous increase in global military expenditure are the major growth drivers.
Regional Insights
In terms of region, North America is projected to remain the largest market for UD tapes during the forecast period. North America is the largest manufacturing hub of the aerospace industry, backed up by Boeing, Airbus, Lockheed Martin Corporation, and Gulfstream Aerospace Corporation. The USA is estimated to remain the biggest demand generator of UD tapes not only in North America but also in the world. The country is the largest market for UD tapes in the aerospace & defense industry, marine, construction, and other end-use industries.
Asia-Pacific is projected to be the fastest-growing market for UD tapes during the forecast period. Upcoming commercial and regional aircraft, such as C919 and MRJ, the opening of assembly plants in China by Boeing and Airbus, and opening of assembly plants of automotive OEMs in the region are the major growth drivers of the UD tapes market in the region.
Key Players
The supply chain of this market comprises of raw material suppliers, UD tape manufacturers, tier player, and end-user OEMs. The key players in the UD tapes market are BASF SE, CELANESE CORPORATION, Evonik Industries AG, Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites, Inc., SABIC, SGL Carbon SE, Solvay S.A., TEIJIN LIMITED, and Toray Industries, Inc. Advancements in the resin system, new product development, collaboration with tier players/OEMs, and execution of mergers and acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Research Methodology
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
Market Scope & Segmentation
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Research Scope
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Trend & Forecast Period
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2014-2025
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Forecast
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6.1% CAGR During 2020-2025
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Size in 2025
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US$ 3.9 billion
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Regions Covered
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North America, Europe, Asia-Pacific, Rest of the World
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Countries Covered
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The US, Canada, Mexico, Germany, France, The UK, Russia, China, Japan, India, Middle East, Latin America and Others
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Figures & Tables
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>150
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Customization
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Up to 10% customization available free of cost
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The market is segmented in the following ways:
Unidirectional (UD) Tapes Market Size, Share & Forecast by Fiber Type:
- Carbon Fiber UD Tape (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Glass Fiber UD Tape (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Other UD Tapes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Unidirectional (UD) Tapes Market Size, Share & Forecast by Resin Type:
- Thermoset UD Tape (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Thermoplastic UD Tape (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Unidirectional (UD) Tapes Market Size, Share & Forecast by End-Use Industry Type:
- Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Unidirectional (UD) Tapes Market Size, Share & Forecast by Region:
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Report Features
This comprehensive report, from Stratview Research, studies the UD tapes market over the trend period of 2014 to 2019 and the forecast period of 2020 to 2025. The report estimates the current and future demand for UD tapes at the global, regional, and country-level. The report also studies all the major suppliers of UD tapes across the globe. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits as well as formulate growth strategies.
The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Competitive Assessment
- Competitive Benchmarking of key players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Regional Segmentation
- Current market size (2019) of UD Tapes in any North American country by End-Use Industry Type
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
