Carbon Fiber Tape Market is likely to witness an impressive CAGR of 12.2% during the forecast period. The growing demand for carbon fiber tapes from aerospace, marine, sporting goods, and new product launches undertaken by various companies drive the market globally.
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Carbon Fiber Tape Market - Snapshot
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Growth
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12.2% for the next five years
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Major Form Type
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Prepreg Tape
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Dominant End-Use Industry Type
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Aerospace Industry
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Region with the highest demand
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North America
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Key Players
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Royal TenCate, Saudi Basic Industries Corporation (SABIC), Evonik Industries AG, Zoltek Corporation, Solvay SA, Mitsubishi Rayon Carbon Fiber and Composites, Hexcel Corporation, Teijin Limited, SGL Group, Royal DSM, and PRF Composite Materials.
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Carbon Fiber Tape Market Share: By Form Type
Based on the form type, the market is segmented as prepreg tape and dry tape. The prepreg tape segment accounted for the larger market share in 2019, and is likely to retain its dominance during the forecast period. The growth is attributed to the growing demand for prepreg tapes in various end-use industries such as sporting goods, aerospace, and automotive. The tape bears remarkable strength-to-weight-ratio, elevated toughness, and offers corrosion-fatigue resistance.
Carbon Fiber Tape Market Share: By End-Use Industry Type
Based on the end-use industry type, the market is segmented as aerospace, marine, pipe & tank, sporting goods, construction & infrastructure, and others. The aerospace industry segment is estimated to register the highest growth in the coming five years. The growth is attributed to the increasing demand for lightweight and strong-hi-performance materials.
Carbon Fiber Tape Market Share: By Region
In terms of regions, North America is estimated to hold the largest market for carbon fiber tapes in the coming five years. The market is sustained by the growing demand for premium performance materials in the aerospace industry. Asia-Pacific is also estimated to offer sizeable growth opportunities during the forecast period. China and India are the growth engines of the region.
Some of the major players in the carbon fiber tape market are Royal TenCate, Saudi Basic Industries Corporation (SABIC), Evonik Industries AG, Zoltek Corporation, Solvay SA, Mitsubishi Rayon Carbon Fiber and Composites, Hexcel Corporation, Teijin Limited, SGL Group, Royal DSM, and PRF Composite Materials.
Market Scope & Segmentation
Carbon Fiber Tape is made up of carbon and is available in the form of flat material. One of the basic properties if the carbon fiber tape is that it is lesser in weight than steel of the same strength, i.e., about one-seventh of steel. Also, it has higher durability than steel.
Carbon Fiber Tape is processed in the forms of hot melt process and solvent dip process. Aerospace, marine, sporting goods, pipe & tank, construction, and infrastructure are some of the industries where carbon fiber tape is being used now.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Carbon Fiber Tape Market Research Report - Features
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Market Segmentation
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5
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The carbon fiber tape market is segmented into the following categories.
Carbon Fiber Tape Market Size, Share, & Forecast, by Form Type:
- Prepreg Tape (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Dry Tape (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Carbon Fiber Tape Market Size, Share, & Forecast, by Resin Type:
- Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Polyamide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Bismaleimide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Thermoplastic Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Resin Type Analysis: Polyurethane Resin, Vinyl Ester, and Polyester)
Carbon Fiber Tape Market Size, Share, & Forecast, by Manufacturing Process Type:
- Hot Melt Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Solvent Dip Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Carbon Fiber Tape Market Size, Share, & Forecast, by End-Use Industry Type:
- Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pipe & Tank (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sporting Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Construction & Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (End-Use Industry Analysis: Medical, Automotive, and Wind Energy)
Carbon Fiber Tape 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)
Research Methodology
This report offers high-quality insights and is 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. 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:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the resin types by end-use industry type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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].
