According to a new market report published by Lucintel the future of the thermoplastic unidirectional (UD) tape market looks promising with opportunities in the aerospace & defense, transportation, sporting goods and industrial end uses. The thermoplastic unidirectional tape is expected to reach an estimated to grow with CAGR of 8.9% from 2021 to 2027. The major growth driver for this market is increasing use of thermoplastic composites because it offers recyclability and processing benefits, such as ability to remold, shorter cycle time, and no emission of volatile matter.
In this market, carbon fiber and glass fiber are the major reinforcement type of thermoplastic unidirectional tape. Lucintel forecasts that glass fiber type thermoplastic unidirectional tape will remain the largest segment and carbon fiber is likely to witness the highest growth in the forecast period supported by increasing usage of lightweight materials in aircraft components.
Within the thermoplastic unidirectional tape market, transportation will remain the largest end use segment over the forecast period due to the increasing demand for light weight materials to achieve higher fuel efficiency and reusable and recyclable materials for environmental benefits. Aerospace& defense is expected to witness the highest growth during the forecast period.
North America is expected to remain the largest market by value and volume and it is also expected to witness the highest growth over the forecast period because of rising penetration of thermoplastic unidirectional tape in major end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, includes continuous innovation and development of new products and application and mixed scenario: consolidated as well as new entry. Cytec Solvay, QIYI Technology, Polystrand (polyone), Tencate Advance Composites, Toho Tenax, Celanese, Sabic and SGL suppliers of thermoplastic unidirectional tape.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the thermoplastic unidirectional tape by end use, reinforcement type, manufacturing process, resin type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Thermoplastic Unidirectional Tape Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the thermoplastic unidirectional tape market by end use, reinforcement type, manufacturing process, resin type, and region as follows:
By End Use [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
Aerospace and Defense
Transportation
Sporting Goods
Industrial
Others
By Reinforcement Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
Carbon Fiber
Glass Fiber
Others
By Manufacturing Process [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
Thermoforming
Injection Molding
Prepreg Layup
ATL/AFP
Others
By Resin Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
Polyether- Ether-Ketone (PEEK)
Polyamide (PA)
Polypropylene (PP)
Polyphenylene Sulfide (PPS)
Others
By Region [ Value ($M) and Volume ( M lbs) shipment analysis for 2016 – 2027]:
North America
Europe
Asia Pacific & ROW
This 146-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/thermoplastic-unidirectional-tape-market.aspx helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the thermoplastic unidirectional tape by end use (aerospace and defense, transportation, sporting goods, industrial and others), reinforcement type (carbon fiber, glass fiber and others), manufacturing process (thermoforming, injection molding, prepreg layup, ATL/AFP, and others), resin type (polypropylene, polymide, polyphenylene sulfide, polyether ether ketone), and region (North America, Europe, and Asia Pacific & ROW)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?