Global Carbon Fiber Tape Market Size By Form (Dry Tapes, Prepreg Tapes), By End-Use (Automotive, Sports, Aerospace and defense), By Geographic Scope And Forecast

Carbon Fiber Tape Market Size And Forecast

Carbon Fiber Tape Market size was standing at USD 2 Billion in 2022 and is estimated to stand at USD 4 Billion by 2030, registering a CAGR of 12.11% from 2024 to 2030.

The increasing demand for Carbon Fiber Tape in aerospace, sporting goods, marine, and new product launches by various companies is expected to impact the global Carbon Fiber Tape Market positively. The increased demand for lightweight vehicles is among the significant factors during the forecast period. The United States owns a considerable demand for Carbon Fiber Tape. The Global Carbon Fiber Tape Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Carbon Fiber Tape Market Definition

Carbon Fiber Tape is a widely utilized material for making composite components for vehicles and aeronautical equipment. The development of multi-functional Carbon Fiber Tape will be made possible by improvements in Carbon Fiber Tape, which are anticipated to contain different qualities, including de-icing, shielding, self-repair, energy storage, and stealth.

Due to their role as supporting materials for several efforts, Carbon Fiber Tape are acknowledged as sustainable energy technologies. Additionally, adding this material makes it possible for cars used in transportation to be lighter, which reduces energy use through fuel savings. The product is renowned for additional qualities, including rigidity, resistance to corrosion, and fatigue, as well as its exceptional strength-to-weight ratio.

Global Carbon Fiber Tape Market Overview

We're seeing a real boom in the global carbon fiber market, mainly because the aerospace and military industries can't get enough of it! They desperately need materials that are super lightweight but still incredibly strong and perform flawlessly, and that's where carbon fiber shines. Think of Carbon Fiber Tape – it's the perfect in-build material for their needs. This has led to increased use of appropriate tape when building things like airplanes, weapons, and spacecraft. With most countries upping their investments, they want to make sure their military sectors stay top-notch. And let's face it, the current situation between Russia and Ukraine, plus the rising tensions between Asian nations like Japan and North America, are only pushing this trend even further.

State governments are emphasizing expanding public transportation networks, especially in emerging countries in Asia Pacific like India and China, due to the growing population and its effects on the ecosystems, including higher traffic volumes, an increase in pollution, and other factors. However, the weight of the cars utilized in such an infrastructure is an important consideration, and there is a tendency toward lightweight vehicles. As a result, there may be more substantial potential for the Carbon Fiber Tape Market to expand during the projected year.

Global Carbon Fiber Tape Market Segmentation Analysis

The Global Carbon Fiber Tape Market is Segmented on the Basis of Form, End-Use, And Geography.

Carbon Fiber Tape Market, By Form

• Dry Tapes
• Prepreg Tapes

Based on Form, The global market is distributed into dry tapes and prepreg tapes. The prepreg tapes dominated the market and accounted for the highest global revenue share during the forecast years. Unidirectional prepreg Carbon Fiber Tape are suitable for fabricating composite parts requiring thick laminate construction and long-layup time.

Carbon Fiber Tape Market, By End-Use

• Automotive
• Sports
• Aerospace and defense
• Others

Based on End-Use, The global Carbon Fiber Tape Market is further distributed into automotive, sports, aerospace, and defense. The aerospace and defense segment is estimated to own a significant amount share of the market. This is because of the properties such as good strength to weight and high impact resistance.

Carbon Fiber Tape Market, By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Based on Geography, the global Carbon Fiber Tape Market is divided into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. North America is expected to account for the largest share of the market. The United States has the presence of leading aircraft manufacturers with a strong production capacity of Carbon Fiber Tape.

Key Players

The “Global Carbon Fiber Tape Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are SABIC, Evonik Industries, Hexcel Corporation, Solvay, SGL Group, Teijin Limited, Celanese Corporation, BASF, Royal Tencate, and Victrex.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• Asahi Kasei, a Japanese multinational corporation, revealed in February 2023 that it had developed cutting-edge technology to efficiently recycle carbon fiber plastic compounds in association with the National Institute of Technique, Tokyo University of Science, and Kitakyushu College.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Carbon Fiber Tape Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Carbon Fiber Tape Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Reasons to Purchase this Report

We take a deep dive into the market using both qualitative and quantitative methods, breaking it down by different groups based on things like money and other less obvious factors. We'll give you the market size (in USD Billion!) for each of these groups and their smaller subgroups. You'll also see which region and segment we expect to be the rocket ship, showing the fastest growth and becoming the leader. We look at each geographical area, checking out how much of the product/service they're using and what's influencing the market there. Plus, we scope out the competition, ranking the big players and listing any new stuff they've launched, partnerships they've made, expansions they've undertaken, or acquisitions they've pulled off in the last five years. We'll also provide detailed profiles of these companies, with overviews, insights, product comparisons, and SWOT analyses. You'll get a clear picture of where the market is now and where it's headed, taking into account recent changes, opportunities, drivers, and the challenges in both new and established areas. This includes a thorough analysis of the market from multiple angles, using Porter's five forces. We’ll also provide insight into the market through its Value Chain, explore the market's dynamics, and highlight growth opportunities in the coming years. And finally, we've got your back with 6 months of analyst support after you purchase.

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