Global Carbon Fiber Tape Market, 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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the carbon fiber tape market will witness a CAGR of 9.02% for the forecast period of 2021-2028. Growth in the demand for carbon fiber tape especially in the developing economies like India and China, growing use of carbon fiber tape for a wide range of end user applications such as aerospace and marine, wind energy, sporting goods, construction and infrastructure, and other applications, growth in the production of lightweight automobiles and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the carbon fiber tape market.
Carbon fibre tape is a flat material made of carbon fiber that weighs as much as one-seventh as steel for a given strength. Carbon fiber tape is a reinforcement tape that consists of a large number of parallel carbon fibers lightly bound together. These are light weight in nature and exhibit high strength and stiffness.
Rise in demand for carbon fiber tape by the wind energy industry is the root cause fuelling up the market growth rate. Rising application areas for carbon fiber tape such as in the automotive components and growth and expansion of end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Surging application of carbon fiber tape in production of structural composite parts of aircrafts and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High costs associated with research and development proficiencies and high cost of carbon fiber will dampen the market growth rate. Developing low-cost technologies will also impede the market growth rate.
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 localised 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, geographical expansions, technological innovations in the market. To gain more info on 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.
Global Carbon Fiber Tape Market Scope and Market Size
The carbon fiber tape market is segmented on the basis of form type, resin type, manufacturing process and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of form type, the carbon fiber tape market is segmented into prepreg tape and dry tape.
- On the basis of resin type, the carbon fiber tape market is segmented into epoxy, polyamide, bismaleimide, thermoplastic, and others. Others have been further segmented into polyurethane, vinyl ester, and polyester.
- On the basis of manufacturing process, the carbon fiber tape market is segmented into hot melt and solvent dip.
- On the basis of end-use industry, the carbon fiber tape market is segmented into aerospace and marine, wind energy, sporting goods, construction and infrastructure, and others.
Global Carbon Fiber Tape Market Country Level Analysis
The carbon fiber tape market is analysed and market size, volume information is 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, Israel, Egypt, South Africa, 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 owing to the increase in the research and development activities and significant rise in demand for carbon fiber tape owing to expansion of production and manufacturing of electric vehicles. Asia-Pacific will continue to undergo substantial gains during the forecast period and will register the highest CAGR owing to the high economic growth in the emerging countries and abundant availability of raw materials.
The country section of the carbon fiber tape market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Competitive Landscape and Carbon Fiber Tape Market Share Analysis
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.
The major players covered in the carbon fiber tape market report are 3M, Koninklijke Ten Cate bv, SABIC, Evonik Industries AG, ZOLTEK, Solvay, Mitsubishi Chemical Carbon Fiber and Composites, Inc., Hexcel Corporation, SGL Carbon, DSM, TORAY INDUSTRIES, INC., Teijin Aramid B.V., BASF SE, Borealis AG, Covestro AG, Sigmatex., TCR Composites, Inc., Cristex Composite Materials, Victrex plc., Celanese Corporation, DSM, Dow, Momentive and Cevotec GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Carbon Fiber Tape Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.