Global Carbon Fiber Tape Market Size By Form (Dry Tapes, Prepreg Tapes), By End-Use (Automotive, Sports, Aerospace and defense), By Geographic Scope And Forecast
Report ID: 336650|No. of Pages: 202
Global Carbon Fiber Tape Market Size By Form (Dry Tapes, Prepreg Tapes), By End-Use (Automotive, Sports, Aerospace and defense), By Geographic Scope And Forecast
Carbon Fiber Tape Market Size And Forecast
Carbon Fiber Tape Market size was standing at USD 2 Billion in 2022 and is estimated to stand at USD 4 Billion by 2030, registering a CAGR of 12.11% from 2024 to 2030.
The increasing demand for Carbon Fiber Tape in aerospace, sporting goods, marine, and new product launches by various companies is expected to impact the global Carbon Fiber Tape Market positively. The increased demand for lightweight vehicles is among the significant factors during the forecast period. The United States owns a considerable demand for Carbon Fiber Tape. The Global Carbon Fiber Tape Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Carbon Fiber Tape Market Definition
Carbon Fiber Tape is a widely utilized material for making composite components for vehicles and aeronautical equipment. The development of multi-functional Carbon Fiber Tape will be made possible by improvements in Carbon Fiber Tape, which are anticipated to contain different qualities, including de-icing, shielding, self-repair, energy storage, and stealth.
Due to their role as supporting materials for several efforts, Carbon Fiber Tape are acknowledged as sustainable energy technologies. Additionally, adding this material makes it possible for cars used in transportation to be lighter, which reduces energy use through fuel savings. The product is renowned for additional qualities, including rigidity, resistance to corrosion, and fatigue, as well as its exceptional strength-to-weight ratio.
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Global Carbon Fiber Tape Market Overview
The demand for and use of carbon fiber in the aerospace and military sectors are expected to increase, fueling the growth of the global market. These industries have a pressing demand for lightweight materials that maintain strength and final performance. Carbon fiber is an in-build material, so Carbon Fiber Tape exceeds these expectations. This has caused a greater use of appropriate tape in constructing airplanes, weapons, and spacecraft. Most countries have raised their investment to guarantee that the region’s military sector stays among the finest in the world. The current condition between Russia and Ukraine and the escalating unrest between Asian nations like Japan and North America have furthered this tendency.
State governments are emphasizing expanding public transportation networks, especially in emerging countries in Asia Pacific like India and China, due to the growing population and its effects on the ecosystems, including higher traffic volumes, an increase in pollution, and other factors. However, the weight of the cars utilized in such an infrastructure is an important consideration, and there is a tendency toward lightweight vehicles. As a result, there may be more substantial potential for the Carbon Fiber Tape Market to expand during the projected year.
Global Carbon Fiber Tape Market Segmentation Analysis
The Global Carbon Fiber Tape Market is Segmented on the Basis of Form, End-Use, And Geography.
Carbon Fiber Tape Market, By Form
- Dry Tapes
- Prepreg Tapes
Based on Form, The global market is distributed into dry tapes and prepreg tapes. The prepreg tapes dominated the market and accounted for the highest global revenue share during the forecast years. Unidirectional prepreg Carbon Fiber Tape are suitable for fabricating composite parts requiring thick laminate construction and long-layup time.
Carbon Fiber Tape Market, By End-Use
- Automotive
- Sports
- Aerospace and defense
- Others
Based on End-Use, The global Carbon Fiber Tape Market is further distributed into automotive, sports, aerospace, and defense. The aerospace and defense segment is estimated to own a significant amount share of the market. This is because of the properties such as good strength to weight and high impact resistance.
Carbon Fiber Tape Market, By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Based on Geography, the global Carbon Fiber Tape Market is divided into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. North America is expected to account for the largest share of the market. The United States has the presence of leading aircraft manufacturers with a strong production capacity of Carbon Fiber Tape.
Key Players
The “Global Carbon Fiber Tape Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are SABIC, Evonik Industries, Hexcel Corporation, Solvay, SGL Group, Teijin Limited, Celanese Corporation, BASF, Royal Tencate, and Victrex.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.
Key Developments
- Asahi Kasei, a Japanese multinational corporation, revealed in February 2023 that it had developed cutting-edge technology to efficiently recycle carbon fiber plastic compounds in association with the National Institute of Technique, Tokyo University of Science, and Kitakyushu College.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Carbon Fiber Tape Market. We cover the major impacting factors driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Carbon Fiber Tape Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | SABIC, Evonik Industries, Hexcel Corporation, Solvay, SGL Group, Teijin Limited, Celanese Corporation, BASF, Royal Tencate, and Victrex. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Data Collection Matrix
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Econometrics and data visualization model
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Industry Analysis Matrix
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