The global Unidirectional Tapes market size is expected to be worth around US$ 602.9 million by 2030, according to a new report by Vision Research Reports.
The global Unidirectional Tapes market size was valued at US$ 160.3 million in 2020 and is anticipated to grow at a CAGR of 16.9% during forecast period 2021 to 2030.
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Unidirectional Tapes Market (By Resin Type: Thermoset, Thermoplastic; By Fiber: Glass Fiber, Carbon Fiber, Other Fiber; By End-use: Aerospace & Defense, Automotive, Sports & Leisure) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
|Market Size||US$ 602.9 million by 2030|
|Growth Rate||CAGR of 16.9% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Resin type, fiber, end-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||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.|
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.
The rapidly increasing demand for lightweight components in the automotive and aerospace industries is expected to drive the demand for unidirectional (UD) tapes over the forecast period. Temporary closure of industrial operations to curb the spread of COVID-19 outbreak across the globe had negatively impacted the manufacturing operations in 2020.
By Segment Analysis
The thermoplastic resin type segment accounted for the largest revenue share of 74.7% in 2020. The product offers exceptional strength, flexibility, and durability for in-situ consolidation, press molding, and autoclave manufacturing processes thus is widely utilized in bonding applications in the automotive and aerospace industries.
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.
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 fiberglass to form the UD tape of desired dimensions.
The thermoset UD tapes are resistant to corrosion, heat, and solvents and offer exceptional adhesion. The product also has high fatigue strength and elasticity, which make it suitable for various end-use applications including airplane wing spars, military vests & helmets, radome (structural weatherproof enclosure that protects a radar antenna), satellite mold joining, and F1 racing cars chassis structure.
By Fiber Analysis
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.
Glass fibers are used in producing structural composites and a wide variety of special-purpose products, such as frame and mold joining parts in aircraft, boats, rockets, and unmanned aerial vehicles.
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.
The rising demand for outdoor recreational and sports equipment is further expected to increase the carbon fiber UD tapes demand in sports & leisure and automotive application segments.
By End-use Analysis
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.
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.
The UD carbon fiber or glass fiber tapes have an exceptional fatigue resistance, rigidity and are lightweight, as a result, they can also be used as a laminated sheet or sleeve once placed at certain angles to manufacture prosthetic blades, which are extensively used by Paralympic sprinters.
UD tapes products are widely used in automotive products, such as auto parts, oil paints, coatings, lightweight hemp plastics, and related composites, for use as an alternative to fiberglass in the automotive and aviation sectors.
By Regional Analysis
North America dominated the market and accounted for 39.6% of revenue share in 2020. Robust aerospace and automobile manufacturing industries in the region coupled with the growing demand for lightweight vehicles are expected to ascend the product demand over the forecast period.
Europe is likely to ascend at a significant growth rate over the forecast period on account of a rise in demand from the automobile manufacturing industries that are aiming to procure materials for weight reduction.
Automobile production in China, India, and Japan accounted for the largest share in the APAC region. Companies, such as Honda Motor Company, Ltd., Suzuki Motor Corp., Hyundai Motor Company, and Tata Motors,
- Evonik Industries AG
- 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.
- By Resin Type
- By Fiber
- Glass Fiber
- Carbon Fiber
- Other Fiber
- By End-use
- Aerospace & Defense
- Sports & Leisure
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- North America
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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