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Carbon Fiber Tape Market Report
The Market is Segmented by Form Type (Prepreg Tape, Dry Tape), by Resin Type (Epoxy, Polyamide, Bismaleimide, Thermoplastic Resin, and Others), by Manufacturing Process Type (Hot Melt Process, Solvent Dip Process), by End-Use Industry Type (Aerospace, Marine, Pipe & Tank, Sporting G...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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 |
12.2% for the next five years |
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Major Form Type |
Prepreg Tape |
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Dominant End-Use Industry Type |
Aerospace Industry |
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Region with the highest demand |
North America |
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Key Players |
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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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.
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.
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.
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 |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The carbon fiber tape market is segmented into the following categories.
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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].
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