Global Thermoplastic Carbon Fiber Tapes Market – Industry Trends and Forecast to 2031

Thermoplastic Carbon Fiber Tapes Market Analysis and Size

The global thermoplastic carbon fiber tapes market is anticipated for steady growth due to Carbon fiber tapes are being used more often by sectors looking for lightweight, high-strength materials, such wind energy, automotive, and aerospace, in order to improve performance and fuel economy. Technological developments in manufacturing, such as automated fiber insertion and tape laying, have increased production efficiency, decreased prices, and opened up new markets.

Data Bridge Market Research analyses that the global thermoplastic carbon fiber tapes market was valued at USD 628.9 million in 2023 is expected to reach the value of USD 915.11 million by 2031, at a CAGR of 4.8% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

The thermoplastic carbon fiber tapes market refers to the global industry involved in the manufacturing, distributing, and utilizing tapes made from carbon fiber-reinforced thermoplastic materials. These tapes are composed of carbon fibers embedded within a thermoplastic resin matrix, providing exceptional strength, stiffness, and lightweight properties. The market encompasses various thermoplastic carbon fiber tapes types, including uni-directional (UD), bi-directional (BD), and other configurations tailored to specific applications. Industries such as aerospace, automotive, wind energy, construction, sports, and leisure are major consumers of thermoplastic carbon fiber tapes, utilizing them for structural reinforcement, lightweighting, surface protection, and other specialized purposes.

Thermoplastic Carbon Fiber Tapes Market Dynamics

Drivers

• Demand for Lightweighting Solutions.

The need for lightweighting solutions is growing as businesses in sectors including wind energy, automotive, and aerospace concentrate more on lowering the weight of their products to increase fuel efficiency. Thermoplastic carbon fiber tapes offer a high strength-to-weight ratio, making them an attractive solution for lightweighting applications. With stringent regulations and consumer demand for more eco-friendly and fuel-efficient vehicles and aircraft, the demand for thermoplastic carbon fiber tapes is expected to rise steadily.

• Advancements in Manufacturing Technologies

Ongoing advancements in manufacturing technologies, such as automated tape laying (ATL) and automated fiber placement (AFP), have significantly improved the efficiency and cost-effectiveness of producing carbon fiber tapes. These advancements have reduced production costs and increased production capacities, making carbon fiber tapes more accessible to a broader range of industries. Additionally, advancements in resin systems and processing techniques have enhanced the performance characteristics of thermoplastic carbon fiber tapes, expanding their applications across various sectors.

Opportunities

• Emerging Applications in New Industries

While industries such as aerospace and automotive have been the primary consumers of thermoplastic carbon fiber tapes, there are emerging opportunities in new industries. The use of carbon fiber tapes is being investigated increasingly in the construction, sports and recreation, maritime, and medical device sectors because to its lightweight and high strength characteristics.

• Development of Sustainable Solutions

The worldwide market for thermoplastic carbon fiber tapes has an opportunity to provide more sustainable solutions as sustainability becomes an increasingly important concern. This includes the use of bio-based or recycled thermoplastic resins, as well as the implementation of eco-friendly manufacturing processes. Companies that can offer carbon fiber tapes with reduced environmental impact while maintaining high performance and affordability are likely to gain a competitive edge in the market.

 Restraints/Challenges

• High Production Costs

The high production costs associated with synthetic carbon fiber materials and manufacturing processes are one of the main obstacles in the thermoplastic carbon fiber tapes industry. Carbon fibers themselves are expensive to produce, and additional costs are incurred during the processing and weaving of tapes. This high cost of production translates to higher prices for carbon fiber tapes, making them less competitive compared to traditional materials such as steel or aluminum.

• Limited Supply Chain Infrastructure

Another restraint in the thermoplastic carbon fiber tapes market is the limited supply chain infrastructure for carbon fiber materials. Carbon fiber production requires specialized facilities and equipment, and relatively few manufacturers worldwide are capable of producing high-quality carbon fibers. This limited supply chain infrastructure can lead to supply shortages, longer lead times, and increased dependence on a small number of suppliers, thereby constraining the market's growth potential.

This thermoplastic carbon fiber tapes 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 Thermoplastic carbon fiber tapes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In October 2021, Teijin Limited, a leading manufacturer of carbon fibers, announced the development of a new carbon fiber recycling technology called "Eco Circle Solution." This innovative process enables the chemical recycling of thermoset carbon fiber reinforced plastics (CFRPs) into new thermoplastic carbon fiber materials. By recycling and reusing carbon fibers, Teijin aims to contribute to the circular economy and reduce the environmental impact of carbon fiber production and waste
• In September 2021, Hexcel Corporation introduced a new range of thermoplastic carbon fiber prepreg tapes designed for high-volume production of composite parts. The new product line, "HexPly M77," offers enhanced processing characteristics and shorter cycle times than traditional thermoset prepregs. These tapes are specifically targeted at industries such as automotive, aerospace, and industrial applications, where rapid production cycles and cost efficiency are critical factors

Thermoplastic Carbon Fiber Tapes Market Scope

The thermoplastic carbon fiber tapes market is segmented on the basis of type, application, and end-use industry. The growth amongst these segments will help you analyze meager 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.

Type   

• Uni-Directional (UD) Carbon Fiber Tapes
• Bi-Directional (BD) Carbon Fiber Tapes
• Other Configurations

Application    

• Structural Reinforcement
• Surface Protection
• Electrical Conductivity
• Thermal Conductivity
• Others

End-Use Industry       

• Aerospace
• Automotive
• Sports and Leisure
• Wind Energy
• Construction
• Others

Thermoplastic Carbon Fiber Tapes Market Regional Analysis/Insights

The thermoplastic carbon fiber tapes market is analyzed and market size insights and trends are provided by product type, form, distribution channel, pricing, flavour, and end-user.

The countries covered in the thermoplastic carbon fiber tapes market report are the U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.

Asia Pacific is the fastest growing and is expected to dominate the region due to rapid industrialization, significant investments in the aerospace and automotive sectors, advancements in manufacturing technologies, and supportive government initiatives promoting lightweight and sustainable materials.

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.   

Competitive Landscape and Thermoplastic Carbon Fiber Tapes Market Share Analysis

The 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 the market.

Some of the major players operating in the market are:

• Owens Corning (U.S.)
• Jushi Group Co., Ltd. (China)
• Nippon Electric Glass Co., Ltd. (NEG) (Japan)
• Saint-Gobain Vetrotex (France)
• Chongqing Polycomp International Corporation (CPIC)  (China)
• Binani 3B-The Fibreglass Company (India)
• PPG Industries, Inc. (U.S)
• AGY Holding Corp. (U.S.)
• Taishan Fiberglass Inc. (China)
• Johns Manville (U.S.)
• China Beihai Fiberglass Co., Ltd. (China)
• Chomarat Group (France)
• Nitto Boseki Co., Ltd. (Japan)
• Taiwan Glass Ind. Corp. (Taiwan)
• AGC Inc. (Japan)

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