The global carbon tapes market is set to reach US$ 35.8 Bn in 2022. Sales are projected to increase at a CAGR of 4.5% over the assessment period, to a total US$ 55.7 Bn by 2032.
Carbon tapes are flat material tapes that are made from carbon fiber bearing high strength. Carbon tapes are popular for their strength. It weighs around 1/7th as much as steel in terms of strength. These tapes last longer than the conventional cable. In addition to that, they offer wear and abrasion-resistant property.
The global carbon tapes market is driven by the growing demand for lightweight and high-performance materials in industries such as aerospace and automotive. Carbon tapes offer a number of advantages over traditional materials such as steel and aluminum, including higher strength-to-weight ratios, greater stiffness, and better resistance to fatigue and corrosion. As a result, carbon tapes are becoming increasingly popular in these industries, where weight reduction and performance optimization are key priorities.
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Rising demand for high-temperature tolerance packaging solutions in automotive and other industries is projected to drive sales of carbon tapes. Increasing adoption of carbon fiber in the aerospace industry will create opportunities for growth. Carbon fiber helps in reducing the cost and energy. Overall, the benefits offered by carbon fiber tapes are estimated to boost the demand for carbon tapes during the forecast period.
“Increasing application of carbon tapes in the building and construction sector, along with high preference for durable and high strength reinforcement solutions will boost sales in the market over the forecast period,” says FMI analyst.
Key Takeaways:
- Based on resin, sales of epoxy carbon tapes will grow by 1.6x by 2032.
- By form, the prepreg tape segment will account for a dominant share in the market.
- In. terms of application, demand in the aerospace and defense segment will account for 41% of the total market share in 2022.
- Sales in the Japan carbon tapes market will gain traction at a 5.4% CAGR over the assessment period.
- The India carbon tapes market will create an incremental opportunity of US$ 2.6 Bn over the forecast period.
- North America and Europe will collectively account for a dominant share in the market.
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Competition Landscape
The key players operating in the carbon tapes market include Techinstro, Ted Pella, Inc., MBK Tape Solutions, Nanoshel LLC, Fabtech Systems, LLC, Euro Tapes Private Limited, Cevotec GmbH, Hexcel Corporation, Teijin Carbon Europe GmbH., and Sabic Corporation. Some of the other noticeable player in the market are Zoltek, Victrex plc, TORAY INDUSTRIES, INC., Solvay, SILTEX, SGL Carbon, TCR Composites, Inc., and others.
Carbon Tapes Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global carbon tapes market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections for the carbon tapes based on the resin (epoxy, thermoplastic and polyamide), form (prepreg tape and dry tapes) and end use (aerospace & defence, automotive, marine, building & construction and sporting goods) across seven regions.
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Carbon Tapes Market by Category
Resin:
- Epoxy
- Thermoplastic
- Polyamide
Form:
- Prepreg Tapes
- Dry Tapes
End Use:
- Aerospace & Defence
- Automotive
- Marine
- Building & Construction
- Sporting Goods
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Impact of Covid-19
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Macro Factors and Forecast Factors
3.4. Value Chain Analysis
3.4.1. Profit Margin Analysis
3.4.2. Raw Resin Suppliers
3.4.3. Manufacturers, Wholesalers and Distributors
3.4.4. End Users/ Customers
3.5. Regional Parent Market Outlook
3.6. Production and Consumption Statistics
3.7. Global Average Pricing Analysis Benchmark
4. Global Carbon Tapes Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Sq. Mt.) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Sq. Mt.) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
TOC Continued…!
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