Unidirectional Tapes Market: Europe Is Likely To Ascend At A Significant Growth Rate Over The Forecast Period
Unidirectional Tapes Industry Overview
The global unidirectional tapes market size is expected to reach USD 502.9 million by 2028, registering a CAGR of 15.9% over the forecast period, according to a new report by Grand View Research, Inc. 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.
In addition, the development of eco-friendly solvent recovery technology used for the coating of adhesives is expected to drive the product demand in the coming years. Aerospace & defense was the largest end-use segment in 2020 and is likely to maintain its dominance over the forecast period. Thermoplastic and thermosets UD tapes are used in primary and secondary aircraft structures and high-load aircraft interior applications including fuselage, wings, cargo liners, bulkheads/class dividers, and lavatory modules.
The market is moderately competitive owing to the presence of a limited set of players majorly concentrated in the U.K. and Germany. The market is also highly influenced by various other players from the countries, such as the U.S., Saudi Arabia, Japan, and the Netherlands. Major players in the industry focus on research & development activities to introduce ultra-lightweight components for bonding operations the in automotive and aerospace sectors
Unidirectional Tapes Market Segmentation
Grand View Research has segmented the global unidirectional tapes market on the basis of resin type, fiber, end-use, and region:
Based on the Resin Type Insights, the market is segmented into Thermoset, and Thermoplastic.
- 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. The product offers exceptional strength, flexibility, and durability for in-situ consolidation, press molding, and autoclave manufacturing processes.
- 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 fiberglassto form the UD tape of desired dimensions.
Based on the Fiber Insights, the market is segmented into Glass Fiber, Carbon Fiber, and Other Fiber.
- 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. The high tensile strength of glass fiber as compared to steel wires of the same diameter coupled with a lower weight makes it a suitable choice to produce UD tapes.
- 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. As a result, it is used in door panels & chassis of cars, reinforcements insert in military vehicles & protective equipment’s including vests and helmets, and winding pipes & containers in other utility services.
Based on the End-use Insights, the market is segmented into Aerospace & Defense, Automotive, Sports & Leisure, and Others.
- 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. Thermoplastic and thermosets UD tapes are used in primary and secondary aircraft structures and high-load aircraft interior applications including fuselage, wings, cargo liners, bulkheads/class dividers, and lavatory modules.
- 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.
Unidirectional Tapes Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies Profile & Market Share Insights
The market is primarily consolidated in the U.S. and various European countries including Germany, U.K., Belgium, and the Netherlands. The market is moderately competitive owing to the presence of a limited set of players majorly concentrated in the U.K. and Germany.
Continuous research & development in the designing and manufacturing of composite materials is expected to shape the fine production of UD tapes in the market. Various companies are expanding their manufacturing capabilities to gain a competitive advantage in the market. For instance, in May 2021, Toray Advanced Composites announced to expand its thermoplastic composite material capabilities to advance its ‘Cetex’ brand of reinforced thermoplastic composite laminates and UD tapes. Some prominent players in the global unidirectional tapes market include:
- 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.
Order a free sample PDF of the Unidirectional Tapes Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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