According to the recent study the thermoplastic unidirectional tape market is projected to reach an estimated $191.7 billion by 2027 from $114.7 billion in 2021, at a CAGR of 8.9% from 2021 to 2027. Growth in this market is primarily driven by 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.
Browse 77 figures / charts and 62 tables in this 146 -page report to understand trends, opportunities and forecast in thermoplastic unidirectional tape market 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).
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“Transportation market is expected to remain the largest segment during the forecast period.”
Based on end use, the thermoplastic unidirectional tape market is segmented into aerospace and defense, transportation, sporting goods, industrial and others. Lucintel forecasts that the transportation market is expected to remain the largest segment due to the increasing demand for lightweight materials to achieve higher fuel efficiency and reusable and recyclable materials for environmental benefits.
“Within the thermoplastic unidirectional tape market, the glass fiber segment is expected to remain the largest reinforcement type.”
Based on reinforcement type the glass fiber segment is expected to witness the highest growth over the forecast period due to increasing usage of lightweight materials in aircraft components.
“North America will dominate the thermoplastic unidirectional tape market in near future.”
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.
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Major players of thermoplastic unidirectional tape market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cytec Solvay Group, QIVI Technology, Polystrand (polyone), Tencate Advance Composites, Toho Tenax, SABIC, and SGL Group are among the major thermoplastic unidirectional tape providers.
This unique 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 https://www.lucintel.com/thermoplastic-unidirectional-tape-market.aspx or [email protected]
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