Unidirectional Tapes Market Size, Share & Trends Report

Unidirectional Tapes Market Size, Share & Trends Analysis Report By Product, By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

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The global unidirectional tapes market is likely to grow at a faster rate over forecast period owing to its rising demand from industries such as automotive, aerospace & defense, and others. The product consists of endless fibers that are oriented in one direction and embedded into thermoset or thermoplastic polymer matrix.

Industries across the globe are implementing techniques to cost-efficiently manufacture components that have high mechanical strength and low weight. The unidirectional tapes are anticipated to serve the aforementioned aim and gain high demand for various other applications.

The unidirectional tapes are projected to witness high demand owing to its rising application in the high-strength and light-weight components from the automotive sector. In addition, rising government pressure on improving the fuel efficiency is anticipated to propel the demand for light-weight components, thereby driving the unidirectional tapes market growth. The unidirectional tapes in automotive are increasingly used to provide solution to challenges such as safety, efficiency, and aesthetics. Expansion of automotive industry in developing economies such as China, India, Indonesia, Japan, and others is projected to further benefit the unidirectional tapes market growth over the forecast period.

The product processing benefits including ability to remold, no emission of volatile matter, and shorter cycle time is projected to be the major driving factors for the unidirectional tapes market. In addition, the unidirectional tapes are recyclable which further promotes its application in various industries including transportation, sports goods, and others. The excellent chemical resistance of the unidirectional tapes propels its demand across various industrial applications.

However, the availability of various internal and external substitutes for unidirectional tapes is projected to restrict the market growth. Development of advanced products coupled with rising investment in research and development for the production of alternatives is likely to limit the market growth over the forecast period. In addition, the adhesives used in the unidirectional tapes are subject to multiple government regulations due to the negative effects of the toxic materials in the composition.

The global market for UD tapes (unidirectional tapes) is segmented on the basis of fiber type as carbon fiber UD tapes, glass fiber UD tapes, and other UD tapes. The glass fiber UD tapes are projected to witness high growth owing to its high efficiency and availability at low cost. In addition, the glass fiber UD tapes are excellent corrosion resistant and are easy to process, which further promotes its penetration across various industrial applications.

Carbon fiber UD tapes are anticipated to grow at a faster rate over the forecast period owing to its light-weight in comparison to the other fibers including glass fiber and metals including steel and aluminum. This is anticipated to promote its application in the aerospace & defense industry in order to cater the increasing demand for light-weight materials.

Based on the resin type, the unidirectional tapes market is bifurcated into two segments including the thermoset UD tapes and thermoplastic UD tapes. The thermoplastic UD tape is projected to dominate the market over the forecast period owing to its rising demand from the aerospace industry in interior components such as floor panels, luggage bins, seat frames, and others.

Thermoplastic UD tapes offer a wide range of benefits such as higher strength-to-weight ratio, moisture absorption resistance, excellent toughness, and the ability to survive under high-temperature conditions. The product is preferably used in almost all major end-use industries including aerospace & defense and sporting goods. In addition, major UD tape manufacturers are primarily manufacturing thermoplastic UD manufacturers which is further projected to benefit the market growth.

The major end-use industries of unidirectional tapes include aerospace & defense, automotive, sporting goods, and others. The aerospace & defense end-use industry is anticipated to witness highest demand owing to the multiple product benefits including strength-to-weight ratio, excellent resistant to corrosion, and others. In addition, the expansion of automotive industry across the globe is further projected to prove beneficial for the unidirectional tapes market.

North America is projected to witness strong growth owing to the presence of major aircraft OEMs and manufacturing units of aerospace industry. In addition, major unidirectional tapes manufacturers have their presence in the market in order to cater the rising need of the OEMs.

Asia-Pacific unidirectional tapes market is likely to grow at a faster pace owing to the rapid expansion of automotive industry in the region. Moreover, growing demand for commercial and regional aircraft is anticipated to boost the aircraft OEMs to establish their assembly plants in the region, thereby propelling the market growth over the forecast period.

Major players in the UD tapes market include Evonik Industries, TenCate, Teijin Limited, Celanese Corporation, SABIC, Hexcel Corporation, and BASF. The manufacturers are continuously engaged in the enhancing their materials and product offerings. In addition, the players also maintain close relations with the end-use industries in order to carter their emergent market requirements. Technological advancements, collaborations, mergers, partnerships are the major marketing strategies adopted by the major market players to gain major market share.

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