Carbon Fibre Tape Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Form (Prepreg Tapes and Dry Tapes), By End User (Aerospace & Defense, Automotive, Sports & Leisure, Other), By Region and Competition, 2019-2029F
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCarbon Fibre Tape Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Form (Prepreg Tapes and Dry Tapes), By End User (Aerospace & Defense, Automotive, Sports & Leisure, Other), By Region and Competition, 2019-2029F
| Forecast Period | 2025-2029 |
| Market Size (2023) | USD 2.60 Billion |
| CAGR (2024-2029) | 10.15% |
| Fastest Growing Segment | Prepreg Tapes |
| Largest Market | North America |
| Market Size (2029) | USD 4.65 Billion |
Market Overview
Global Carbon Fibre Tape Market was valued at USD 2.60 Billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 10.15% through 2029. The global carbon fibre tape market has been experiencing robust growth driven by increasing demand from key end-use sectors such as aerospace, automotive, wind energy, sports and leisure, construction, and others.
Key Market Drivers
Increasing Demand from Aerospace Industry
The aerospace industry is continuously striving to reduce the weight of aircraft to improve fuel efficiency and enhance performance. Carbon
With the aviation industry facing pressure to reduce fuel consumption and emissions, there is a growing emphasis on lightweight materials like carbon
The rapid expansion of the commercial aviation market, driven by factors such as increasing air travel demand, rising disposable incomes, and the emergence of low-cost carriers, is driving the demand for lightweight materials like carbon
The increasing demand from the aerospace industry is a crucial driver for the growth of the global carbon
Growing Automotive Sector
The automotive industry is undergoing a paradigm shift towards lightweight materials to enhance fuel efficiency, improve performance, and meet stringent emission regulations. Carbon
The growing adoption of electric vehicles (EVs) further amplifies the demand for carbon
Advancements in manufacturing technologies, including automated
The growing automotive sector serves as a significant catalyst for the growth of the global carbon
Advancements in Manufacturing Technologies
AFP and ATL technologies automate the process of laying down carbon
Continuous
Advancements in manufacturing technologies such as automated
Key Market Challenges
High Production Costs
Supply Chain Constraints
Recycling and End-of-Life Management
Key Market Trends
Emergence of Sustainable and Recyclable Carbon Fibre Materials
In response to escalating concerns regarding environmental sustainability and resource conservation, there is a burgeoning interest in the development of sustainable and recyclable carbon
Segmental Insights
Form Insights
Based on Form, the Prepreg Tapes emerged as the fastest growing segment in the global market for carbon
End User Insights
Based on End User, Automotive emerged as the dominating segment in the Global Carbon
Regional Insights
Based on region, North America emerged as the dominant region in the Global Carbon
Recent Developments
- In January 2023, Asahi Kasei, a diverse Japanese multinational corporation, partnered with the National Institute of Technology, Kitakyushu College, and Tokyo University of Science to pioneer an innovative technology aimed at recycling carbon fibre plastic compounds. Carbon fibre reinforced plastics (CFRP) are highly prized across multiple industries for their exceptional blend of rigidity, mechanical strength, and lightweight characteristics, surpassing those of traditional glass fibre reinforced plastics. Nonetheless, the recycling process for CFRPs poses substantial hurdles, chiefly stemming from the complexity of separating carbon fibre from the resin matrix after use. This presents dual challenges, both economic and environmental, as CFRPs are costly to manufacture and prove difficult to recycle efficiently.
Key Market Players
- Evonik
Industries AG
- Saudi Basic Industries Corporation
- Solvay S.A.
- Hexcel Corporation
- TenCate Protective Fabrics
- SGL Carbon SE
- TEIJIN LIMITED
- BASF SE
- Celanese Corporation
- Victrex plc
|
By
Form |
By
End User |
By
Region |
|
|
|
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy