Global Carbon Fiber Tape Market
Market Size in USD Billion
CAGR :
% 
USD
2.24 Billion
USD
4.98 Billion
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 2.24 Billion |
 Market Size (Forecast Year) |
USD 4.98 Billion |
 CAGR |
% |
| Major Markets Players |
Global Carbon Fiber Tape Market Segmentation, By Form Type (Prepreg Tape and Dry Tape), Resin Type (Epoxy, Polyamide, Bismaleimide, Thermoplastic and Others), Manufacturing Process (Hot Melt and Solvent Dip), End-Use Industry (Aerospace and Marine, Wind Energy, Sporting Goods, Construction and Infrastructure and Others) – Industry Trends and Forecast to 2032
Carbon Fiber Tape Market Analysis
In last few years, the demand for carbon fiber tape, mainly in developing countries, is the major reason for the market's growth. The “epoxy resin” is the highest growing resin type segment due to its superior properties such as insulation, elasticity, transmissivity, chemical resistance, fatigue resistance, and toughness during the forecast period. Moreover, the progressively growing construction sector has been at the fore of the growing carbon fiber tape sales.
Global Carbon Fiber Tape Market Size
Global carbon fiber tape market size was valued at USD 2.24 billion in 2024 and is projected to reach USD 4.98 billion by 2032, with a CAGR of 10.51% during the forecast period of 2025 to 2032.
Global Carbon Fiber Tape Market Trends
"Rising Demand for Lightweight and High-Strength Materials in Industries"
One of the key trends in the global Carbon Fiber Tape market is the increasing demand for lightweight and high-strength materials across various industries. Carbon fiber tape, known for its exceptional strength-to-weight ratio and durability, has gained significant popularity in sectors such as aerospace, automotive, and sports equipment manufacturing. Its ability to enhance fuel efficiency, improve performance, and reduce emissions in transportation applications is driving market growth. As industries continue to prioritize sustainability and energy efficiency, carbon fiber tape is becoming a preferred choice for replacing heavier and less durable materials. Additionally, the growing trend toward the production of electric vehicles and the need for advanced composite materials are expected to further boost demand in the coming years. The versatility and performance of carbon fiber tape make it an increasingly sought-after material for high-performance applications.
Report Scope and Market Segmentation
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Attributes |
Carbon Fiber Tape Key Market Insights |
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Segmentation |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
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Key Market Players |
Evonik Industries AG (Germany), Teijin Limited (Japan), SGL Group (Germany), DSM (Netherlands), SABIC (Saudi Arabia), Solvay (Belgium),Hexcel Corporation (U.S.), Toray Industries Inc, (Japan) 3M (U.S.), BASF SE (Germany), Covestro AG (Germany), Dow (U.S.), Borealis AG (Austria), ZOLTEK (U.S.), Celanese Corporation (U.S.) |
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Market Opportunities |
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Global Carbon Fiber Tape Market Definition
Carbon fibre tape is a flat material that is made up of carbon fiber that weighs as much as 1/7 as steel for a given strength. Carbon fiber tape is a reinforcement tape that contains many parallel carbon fibers that lightly bound together. These are light in weight and exhibit high stiffness and strength.
Global Carbon Fiber Tape Market Dynamics
Drivers
- Increase in demand due to unique features
The carbon fiber tapes have massive demand in the market because it provides versatile features such as lightweight, high stiffness, high tensile strength and absolute residue removal. These are also industrial tapes because they can sustain outdoor applications, especially in logistics and construction industries, which further increase the popularity and adoption of carbon fiber tape among end users.
- Growing demand of carbon fiber tape in aviation industry
Carbon fiber tapes provide exceptional properties such as high impact resistance and superior strength-to-weight ratio, thus effectively manufacturing composite parts for both primary and secondary structure of the aircraft. Furthermore, the composite parts are manufactured by automated laying up of tapes, leading to the economical production of aircraft parts with superior aesthetics. The increasing demand for carbon fiber tape in the aviation industry is expected to drive the market's growth.
Opportunities
- Rising demand of light weight vehicle
Increase in demand for lightweight automobiles is one of the major factors driving carbon fiber tape sales. As per the published report of U.S. Department of Energy, a 10% reduction in automobile weight can result in a 6% to 8% fuel economy improvement. Carbon fiber tape-based composites are feasible lightweight substitutes to metals. In the automotive industry, thermoplastic-based tapes with endless carbon fiber reinforcements are used in the automotive exterior and interior applications. Carbon fiber tapes usually are 60% lighter than their counterparts. This material also reduces automobile weight in transportation applications, thus leading to energy decrease through fuel savings. This is projected to drive the demand for the lightweight materials such as carbon fiber tapes during forecast period.
Moreover, the increasing application scope from several end user industries such as aerospace and marine, construction and infrastructure, wind energy, sporting goods, and others will flourish many opportunities for the growth of the carbon fiber tape market during forecast period.
Restraints/ Challenges
- High cost associated with carbon fiber tape
The high price of carbon fiber and high costs associated with research and development activities will dampen the market's growth rate. Developing low-cost technologies will also obstruct the growth rate of the carbon fiber tape market.
Moreover, a lack in raw material demand and supply due to the lockdown will pose a significant challenge to the growth of the carbon fiber tape market.
This carbon fiber tape market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the carbon fiber tape market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Carbon Fiber Tape Market Scope
The carbon fiber tape market is segmented on the basis of form type, resin type, manufacturing process and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form Type
- Prepreg Tape
- Dry Tape
Resin Type
- Epoxy
- Polyamide
- Bismaleimide
- Thermoplastic
- Others
Manufacturing Process
- Hot Melt
- Solvent Dip
End-Use Industry
- Aerospace and Marine
- Wind Energy
- Sporting Goods
- Construction and Infrastructure
- Others
Carbon Fiber Tape Market Regional Analysis
The carbon fiber tape market is analysed and market size insights and trends are provided by country, form type, resin type, manufacturing process and end-use industry as referenced above.
The countries covered in the carbon fiber tape market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the carbon fiber tape market in terms of revenue. This is due to the rise in the research and development activities. The increase in demand for carbon fiber tape due to the expansion of manufacturing and production of electric vehicles is also the major reason for the growth of the market in this region.
Asia-Pacific is anticipated to be the fastest developing region during the forecast period of 2025-2032 due to the high economic growth in the emerging economies and abundant availability of raw materials in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Carbon Fiber Tape Market Share
The carbon fiber tape market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to carbon fiber tape market.
Carbon Fiber Tape Market Leaders Operating in the Market Are:
- Evonik Industries AG (Germany)
- Teijin Limited (Japan)
- SGL Group (Germany)
- DSM (Netherlands)
- SABIC (Saudi Arabia)
- Solvay (Belgium)
- Hexcel Corporation (U.S.)
- Toray Industries Inc., (Japan)
- 3M (U.S.)
- BASF SE (Germany)
- Covestro AG (Germany)
- Dow (U.S.)
- Borealis AG (Austria)
- ZOLTEK (U.S.)
- Celanese Corporation (U.S.)
Latest Developments in Carbon Fiber Tape Market
- In February 2019, Teijin acquired Renegade Materials Corporation, a heat-resistant thermoset prepreg supplier for the aerospace sector in North America. This aided the company solidify to its position as a leading supplier of solutions for aerospace applications.
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Global Carbon Fiber Tape Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Carbon Fiber Tape Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Carbon Fiber Tape Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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