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Carbon Fiber Tape Market by Form Type, End-use Industry (Aerospace, Marine, Sporting Goods), Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: August 2017
Report Code: CH 5501

 

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The global carbon fiber tape market was valued at USD 1.30 Billion in 2016, and is projected to grow at a CAGR of 11.95% from 2017 to 2022. Following are the years considered for the study.

  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2022
  • Forecast Period – 2017-2022

2016 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the years prior to it have been considered.

Objectives of the Study

  • To define, describe, and project the carbon fiber tape market by form type, end-use industry, and region
  • To analyze the carbon fiber tape market size, in terms of volume (ton) and value (USD million)
  • To provide detailed information regarding the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the market with respect to individual growth trends, prospects, and contribution of submarkets to the overall market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To analyze recent market developments and competitive strategies, such as agreements, collaborations, joint ventures, mergers & acquisitions, and new product developments, to draw the competitive landscape

Different secondary sources such as company websites, encyclopedias, directories, and databases were used to identify and collect information that is useful for this extensive commercial study of the global carbon fiber tape market. The primary sources, which include experts from related industries, were interviewed to verify and collect critical information as well as to assess the prospects of the market. The top-down approach was implemented to validate the market size, in terms of value and volume. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes were determined and confirmed in this study.

Carbon Fiber Tape Market

To know about the assumptions considered for the study, download the pdf brochure

The market for carbon fiber tape has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as manufacturers, vendors, end-users, and government organizations. Most of the major players in the market for carbon fiber tape have done backward and forward integration to strengthen their position in this market. Some of the major raw material suppliers as well as manufacturers are Zoltek Corporation (US), Teijin Limited (Japan), Hexcel Corporation (US), Royal TenCate (Netherlands), Mitsubishi Rayon Carbon Fibers and Composites (Japan), Saudi Basic Industries Corporation (Saudi Arabia), Evonik Industries (Germany), SGL Group (Germany), Royal DSM (Netherlands), and Solvay (Belgium). This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize the efforts and investments. These stakeholders include the carbon fiber manufacturers such as the Toray Industries (Japan), Teijin Limited (Japan), Mitsubishi Rayon (Japan), 3M (Germany), and SGL Group (Germany).

Scope of the Report:

This research report categorizes the market for carbon fiber tape based on end-use industry, form type, region and Carbon Fiber Prepreg Tape market based on resin type, and manufacturing process.

Carbon Fiber Tape Market, On the Basis of End-use Industry

  • Aerospace
  • Marine
  • Pipe & Tank
  • Sporting Goods
  • Construction & Infrastructure
  • Others (medical, wind energy, automotive)

Carbon Fiber Tape Market, On the Basis of Form Type

  • Prepreg Tape
  • Dry Tape

Carbon Fiber Prepreg Tape Market, On the Basis of Resin Type

  • Epoxy
  • Polyamide
  • Bismaleimide
  • Thermoplastic
  • Others (polyurethane, vinyl ester, polyester)

Carbon Fiber Prepreg Tape Market, On the Basis of Manufacturing Process

  • Hot Melt
  • Solvent Dip

Carbon Fiber Tape Market, On the Basis of Region

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

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American Carbon Fiber Tape market
  • Further breakdown of the European Carbon Fiber Tape market
  • Further breakdown of the Asia-Pacific Carbon Fiber Tape market
  • Further breakdown of the Latin America Carbon Fiber Tape market
  • Further breakdown of the Middle East & Africa Carbon Fiber Tape market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Carbon Fiber Tape: Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 31)
    4.1 Significant Opportunities in the Carbon Fiber Tape Market, 2017–2022
    4.2 Carbon Fiber Prepreg Tape Market, By Resin
    4.3 Carbon Fiber Tape Market, By End-Use Industry and Region
    4.4 Carbon Fiber Tape Market Size, By Form
    4.5 Carbon Fiber Prepreg Tape Market, By Manufacturing Process
    4.6 Carbon Fiber Tape Market Growth, By Country
    4.7 France Accounted for the Fastest Growth in the Global Carbon Fiber Tape Market
    4.8 Carbon Fiber Tape Market Size, By End-Use Industry

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increase in the Use of Carbon Fiber Tape in Primary and Secondary Aircraft Structures
                    5.2.1.2 Superior Properties Offered By Carbon Fiber Tape
                    5.2.1.3 Multifunctional Carbon Fiber Tapes for Automotive Composites
           5.2.2 Restraints
                    5.2.2.1 High Processing and Manufacturing Cost of Carbon Fiber
           5.2.3 Opportunities
                    5.2.3.1 Increasing Usage of Carbon Fiber Tape in New Applications
                    5.2.3.2 Growing Demand From Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Developing Low-Cost Technologies
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview (Page No. - 42)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Per Capita GDP vs Per Capita Carbon Fiber Composite Demand
    6.4 Trends of Aerospace Industry
    6.5 Trends of the Construction Industry

7 Carbon Fiber Tape Market, By Form (Page No. - 49)
    7.1 Introduction
           7.1.1 Prepreg Tape
           7.1.2 Dry Tape

8 Carbon Fiber Prepreg Tape Market, By Resin (Page No. - 54)
    8.1 Introduction
    8.2 Epoxy
    8.3 Polyamide
    8.4 Bismaleimide
    8.5 Thermoplastic Resin
    8.6 Other Resins
           8.6.1 Polyurethane Resin
           8.6.2 Vinyl Ester
           8.6.3 Polyester

9 Carbon Fiber Prepreg Tape Market, By Manufacturing Process (Page No. - 63)
    9.1 Introduction
    9.2 Hot Melt Process
    9.3 Solvent Dip Process

10 Carbon Fiber Tape Market, By End-Use Industry (Page No. - 68)
     10.1 Introduction
     10.2 Aerospace
     10.3 Marine
     10.4 Pipe & Tank
     10.5 Sporting Goods
     10.6 Construction & Infrastructure
     10.7 Others
             10.7.1 Medical
             10.7.2 Automotive
             10.7.3 Wind Energy

11 Carbon Fiber Tape Market, By Region (Page No. - 80)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
     11.3 Europe
             11.3.1 France
             11.3.2 Germany
             11.3.3 U.K.
             11.3.4 Italy
             11.3.5 Spain
     11.4 Asia-Pacific
             11.4.1 Japan
             11.4.2 China
             11.4.3 South Korea
             11.4.4 Australia
             11.4.5 Taiwan
     11.5 Latin America
             11.5.1 Brazil
             11.5.2 Mexico
     11.6 Middle East & Africa
             11.6.1 UAE
             11.6.2 South Africa
             11.6.3 Israel

12 Competitive Landscape (Page No. - 102)
     12.1 Introduction
     12.2 Competitive Leadership Mapping
             12.2.1 Visionary Leaders
             12.2.2 Innovators
             12.2.3 Dynamics Differentiators
             12.2.4 Emerging Companies
     12.3 Competitive Benchmarking
             12.3.1 Strength of Product Portfolio (25 Players)
             12.3.2 Business Strategy Excellence (25 Players)
     12.4 Market Ranking

13 Company Profiles (Page No. - 107)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     13.1 Royal Tencate
     13.2 Saudi Basic Industries Corporation (SABIC)
     13.3 Evonik Industries
     13.4 Zoltek Corporation
     13.5 Solvay
     13.6 Mitsubishi Rayon Carbon Fiber and Composites
     13.7 Hexcel Corporation
     13.8 Teijin Limited
     13.9 SGL Group
     13.10 Royal DSM
     13.11 3M
     13.12 Other Key Players
             13.12.1 PRF Composite Materials
             13.12.2 Park Electrochemicals
             13.12.3 TCR Composites
             13.12.4 Victrex
             13.12.5 Chomarat
             13.12.6 Sigmatex
             13.12.7 Rock West Composite
             13.12.8 Celanese Corporation
             13.12.9 BASF SE
             13.12.10 Cristex
             13.12.11 Eurocarbon
             13.12.12 Siltex
             13.12.13 Hughes Brothers

*Details Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 136)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Knowledge Store: Marketsandmarkets Subscription Portal
     14.6 Related Reports
     14.7 Author Details


List of Tables (76 Tables)

Table 1 Carbon Fiber Tape Market Size, 2015–2022 (Volume and Value)
Table 2 Trends and Forecast of GDP, USD Billion (2016–2022)
Table 3 Per Capita GDP vs Per Capita Carbon Fiber Composite Demand, 2016
Table 4 Number of New Airplane Deliveries, By Region (2016)
Table 5 Contribution of Construction Industry to GDP, By Region, USD Billion (2014-2021)
Table 6 Carbon Fiber Tape Market Size, By Form, 2015–2022 (USD Million)
Table 7 Carbon Fiber Tape Market Size, By Form, 2015–2022 (Ton)
Table 8 Prepreg Tape Market Size, By Region, 2015–2022 (USD Million)
Table 9 Prepreg Tape Market Size, By Region, 2015–2022 (Ton)
Table 10 Dry Tape Market Size, By Region, 2015–2022 (USD Million)
Table 11 Dry Tape Market Size, By Region, 2015–2022 (Ton)
Table 12 Carbon Fiber Prepreg Tape Market Size, By Resin, 2015–2022 (USD Million)
Table 13 Carbon Fiber Prepreg Tape Market Size, By Resin, 2015–2022 (Ton)
Table 14 Epoxy Resin-Based Carbon Fiber Prepreg Tape Market Size, By Region, 2015–2022 (USD Million)
Table 15 Epoxy Resin-Based Carbon Fiber Prepreg Tape Market Size, By Region, 2015–2022 (Ton)
Table 16 Polyamide Resin-Based Carbon Fiber Prepreg Tape Market Size, By Region, 2015–2022 (USD Million)
Table 17 Polyamide Resin-Based Carbon Fiber Prepreg Tape Market Size, By Region, 2015–2022 (Ton)
Table 18 Bismaleimide Resin-Based Carbon Fiber Prepreg Tape Market Size, By Region, 2015–2022 (USD Million)
Table 19 Bismaleimide Resin-Based Carbon Fiber Prepreg Tape Market Size, By Region, 2015–2022 (Ton)
Table 20 Thermoplastic Resin-Based Carbon Fiber Prepreg Tape Market Size, By Region, 2015–2022 (USD Million)
Table 21 Thermoplastic Resin-Based Carbon Fiber Prepreg Tape Market Size, By Region, 2015–2022 (Ton)
Table 22 Other Resins-Based Carbon Fiber Prepreg Tape Market Size, By Region, 2015–2022 (USD Million)
Table 23 Other Resins-Based Carbon Fiber Prepreg Tape Market Size, By Region, 2015–2022 (Ton)
Table 24 Carbon Fiber Prepreg Tape Market Size, By Manufacturing Process, 2015–2022 (USD Million)
Table 25 Carbon Fiber Prepreg Tape Market Size, By Manufacturing Process, 2015–2022 (Ton)
Table 26 Hot Melt Process Market Size, By Region, 2015–2022 (USD Million)
Table 27 Hot Melt Process Market Size, By Region, 2015–2022 (Ton)
Table 28 Solvent Dip Process Market Size, By Region, 2015–2022 (USD Million)
Table 29 Solvent Dip Process Market Size, By Region, 2015–2022 (Ton)
Table 30 Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 31 Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 32 Carbon Fiber Tape Market Size in Aerospace, By Region, 2015–2022 (USD Million)
Table 33 Carbon Fiber Tape Market Size in Aerospace , By Region, 2015–2022 (Ton)
Table 34 Carbon Fiber Tape Market Size in Marine, By Region, 2015–2022 (USD Million)
Table 35 Carbon Fiber Tape Market Size in Marine, By Region, 2015–2022 (Ton)
Table 36 Carbon Fiber Tape Market Size in Pipe & Tank, By Region, 2015–2022 (USD Million)
Table 37 Carbon Fiber Tape Market Size in Pipe & Tank, By Region, 2015–2022 (Ton)
Table 38 Carbon Fiber Tape Market Size in Sporting Goods, By Region, 2015–2022 (USD Million)
Table 39 Carbon Fiber Tape Market Size in Sporting Goods, By Region, 2015–2022 (Ton)
Table 40 Carbon Fiber Tape Market Size in Construction & Infrastructure, By Region, 2015–2022 (USD Million)
Table 41 Carbon Fiber Tape Market Size in Construction & Infrastructure, By Region, 2015–2022 (Ton)
Table 42 Carbon Fiber Tape Market Size in Other End-Use Industries, By Region, 2015–2022 (USD Million)
Table 43 Carbon Fiber Tape Market Size in Other End-Use Industries, By Region, 2015–2022 (Ton)
Table 44 Carbon Fiber Tape Market Size, By Region, 2015–2022 (USD Million)
Table 45 Carbon Fiber Tape Market Size, By Region, 2015–2022 (Ton)
Table 46 North America: Carbon Fiber Tape Market Size, By Country, 2015–2022 (USD Million)
Table 47 North America: Carbon Fiber Tape Market Size, By Country, 2015–2022 (Ton)
Table 48 North America: Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 49 North America: Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 50 North America: Carbon Fiber Tape Market Size, By Form, 2015–2022 (USD Million)
Table 51 North America: Carbon Fiber Tape Market Size, By Form, 2015–2022 (Ton)
Table 52 Europe: Carbon Fiber Tape Market Size, By Country, 2015–2022 (USD Million)
Table 53 Europe: Carbon Fiber Tape Market Size, By Country, 2015–2022 (Ton)
Table 54 Europe: Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 55 Europe: Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 56 Europe: Carbon Fiber Tape Market Size, By Form, 2015–2022 (USD Million)
Table 57 Europe: Carbon Fiber Tape Market Size, By Form, 2015–2022 (Ton)
Table 58 Asia-Pacific: Carbon Fiber Tape Market Size, By Country, 2015–2022 (USD Million)
Table 59 Asia-Pacific: Carbon Fiber Tape Market Size, By Country, 2015–2022 (Kiloton)
Table 60 Asia-Pacific: Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 61 Asia-Pacific: Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 62 Asia-Pacific: Carbon Fiber Tape Market Size, By Form, 2015–2022 (USD Million)
Table 63 Asia-Pacific: Carbon Fiber Tape Market Size, By Form, 2015–2022 (Kiloton)
Table 64 Latin America: Carbon Fiber Tape Market Size, By Country, 2015–2022 (USD Million)
Table 65 Latin America: Carbon Fiber Tape Market Size, By Country, 2015–2022 (Kiloton)
Table 66 Latin America: Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 67 Latin America: Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 68 Latin America: Carbon Fiber Tape Market Size, By Form, 2015–2022 (USD Million)
Table 69 Latin America: Carbon Fiber Tape Market Size, By Form, 2015–2022 (Ton)
Table 70 Middle East & Africa: Carbon Fiber Tape Market Size, By Country, 2015–2022 (USD Million)
Table 71 Middle East & Africa: Carbon Fiber Tape Market Size, By Country, 2015–2022 (Ton)
Table 72 Middle East & Africa: Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 73 Middle East & Africa: Carbon Fiber Tape Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 74 Middle East & Africa: Carbon Fiber Tape Market Size, By Form, 2015–2022 (USD Million)
Table 75 Middle East & Africa: Carbon Fiber Tape Market Size, By Form, 2015–2022 (Ton)
Table 76 Market Ranking of Key Players, 2016


List of Figures (51 Figures)

Figure 1 Carbon Fiber Tape: Market Segmentation
Figure 2 Carbon Fiber Tape Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Carbon Fiber Prepreg Tape to Dominate the Carbon Fiber Tape Market Between 2017 and 2022
Figure 6 Epoxy Resin to Account for the Largest Share in the Carbon Fiber Prepreg Tape Market Between 2017 and 2022
Figure 7 Hot Melt is Expected to Be Fastest-Growing Manufacturing Process in the Carbon Fiber Prepreg Tape Market During the Forecast Period
Figure 8 Aerospace to Dominate the Carbon Fiber Tape Market During the Forecast Period
Figure 9 U.S. is Expected to Be the Fastest Carbon Fiber Tape Market During Forecast Period
Figure 10 North America to Lead the Carbon Fiber Tape Market During the Forecast Period
Figure 11 Attractive Opportunities in the Carbon Fiber Tape Market, 2017–2022
Figure 12 Epoxy to Be the Fastest-Growing Resin Type in the Overall Carbon Fiber Prepreg Tape Market During the Forecast Period
Figure 13 Aerospace Industry to Drive the Carbon Fiber Tape Market Growth Between 2017 and 2022
Figure 14 Prepreg Tape to Account for the Largest Market Share (Volume), 2017–2022
Figure 15 Hot Melt Process to Dominate the Carbon Fiber Prepreg Tape Market During the Forecast Period
Figure 16 Aerospace to Account for the Largest Market Share, 2017–2022
Figure 17 Factors Governing the Carbon Fiber Tape Market
Figure 18 Porter’s Five Forces for the Global Carbon Fiber Tape Market
Figure 19 Trends and Forecast of GDP, USD Billion (2016–2022)
Figure 20 Per Capita GDP vs Per Capita Carbon Fiber Composite Demand
Figure 21 New Airplane Deliveries, By Region, 2016–2035
Figure 22 Construction Industry in Asia-Pacific to Contribute the Maximum to the GDP, Between 2016 and 2021
Figure 23 Carbon Fiber Prepreg Tape Segment to Dominate the Global Carbon Fiber Tape Market, 2017 vs 2022
Figure 24 North America to Drive the Carbon Fiber Prepreg Tape Market, 2017 vs 2022
Figure 25 North America to Lead the Carbon Fiber Dry Tape Market, 2017 vs 2022
Figure 26 Epoxy Resin to Dominate Carbon Fiber Prepreg Tape Market Between 2017 and 2022
Figure 27 North America is to Drive Carbon Fiber Prepreg Tape Market in Epoxy Resin Segment Between 2017 and 2022
Figure 28 North America to Drive Carbon Fiber Prepreg Tape Market in Thermoplastic Resin Between 2017 and 2022
Figure 29 Hot Melt Manufacturing Process to Dominate the Carbon Fiber Prepreg Tape Market 2017—2022
Figure 30 Aerospace Industry to Dominate Carbon Fiber Tape Market, 2017–2022
Figure 31 North America is Expected to Lead Carbon Fiber Tape Market in Aerospace End-Use Industry, 2017–2022
Figure 32 North America is Expected to Lead Carbon Fiber Tape Market in Marine End-Use Industry, 2017–2022
Figure 33 North America is Expected to Lead Carbon Fiber Tape Market in Pipe & Tank End-Use Industry, 2017–2022
Figure 34 Asia-Pacific is Expected to Lead Carbon Fiber Tape Market in Sporting Goods End-Use Industry, 2017–2022
Figure 35 Regional Market Snapshot: the U.S. Market to Witness the Highest Growth During the Forecast Period
Figure 36 North America Carbon Fiber Tape Market Snapshot: the U.S. to Lead the Carbon Fiber Tape Market
Figure 37 Europe Carbon Fiber Tape Market Snapshot: France to Lead the Carbon Fiber Tape Market During the Forecast Period
Figure 38 Asia-Pacific Carbon Fiber Tape Market Snapshot: Japan to Lead the Carbon Fiber Tape Market During 2017—2022
Figure 39 Brazil to Lead the Carbon Fiber Tape Market
Figure 40 Middle East & Africa Carbon Fiber Tape Market Snapshot: UAE to Lead the Carbon Fiber Tape Market
Figure 41 Carbon Fiber Tape Market, Competitive Leadership Mapping, 2016
Figure 42 Royal Tencate: Company Snapshot
Figure 43 SABIC: Company Snapshot
Figure 44 Evonik Industries.: Company Snapshot
Figure 45 Solvay: Company Snapshot
Figure 46 Mitsubishi Rayon Carbon Fiber and Composites: Company Snapshot
Figure 47 Hexcel Corporation: Company Snapshot
Figure 48 Teijin Limited: Company Snapshot
Figure 49 SGL Group: Company Snapshot
Figure 50 Royal DSM: Company Snapshot
Figure 51 3M: Company Snapshot

The global market for carbon fiber tape, in terms of value, is projected to reach USD 2.52 Billion by 2022, at a CAGR of 11.95% from 2017 to 2022. In terms of volume, the global market for carbon fiber tape is projected to reach 24,480.0 tons by 2022, at a CAGR of 13.01% during the forecast period. The increasing demand for carbon fiber tape from aerospace, sporting goods, and marine industries, and new product launches undertaken by the major companies are driving the carbon fiber tape market.

Prepreg tape accounted for the largest market share in the carbon fiber tape market, by form type. This is because this tape is extensively used in aerospace, sporting goods, and automotive industries. This tape provides excellent strength-to-weight ratio, high stiffness, high toughness, and corrosion fatigue resistance.

The aerospace industry of the global carbon fiber tape market is projected to grow at the highest CAGR from 2017 to 2022. This can be attributed to the growing need for lightweight, strong, and stiff materials. Many aircraft manufacturers such as Boeing (US) and Airbus (France) have entered into agreements with airlines such as Ethiopian Airlines, and Spice Jet for the supply of aircrafts. This will increase the demand for carbon fiber tape by aircraft manufacturers. Commercial aircraft are increasing the use of carbon fiber tapes in wing manufacturing and repairing that will drive carbon fiber tape market in the aerospace industry in the near future.

The North American region holds the largest share in the carbon fiber tape market. This is due to the rising demand for superior performance materials in the aerospace industry. The greater strength-to-weight capability and excellent fatigue tolerance of carbon fiber tapes allow for more structurally efficient and aerodynamic aircraft designs. Carbon fiber tape provides superior properties such as high abrasion, wear resistance, high modulus, high strength, high stiffness, low density, chemical resistance, and low creep.

Presence of prominent manufacturers of carbon fiber tape such as Hexcel Corporation (US), Solvay (US), and among others in the region also fuel the market growth.

Carbon Fiber Tape Market

The limited production capacity, the high cost of carbon fiber, and no breakthrough from research and technology side are the major restraints towards the growth of the carbon fiber tape market.

The companies such as Zoltek Corporation (US), Teijin Limited (Japan), Hexcel Corporation (US), Royal TenCate (Netherlands), Mitsubishi Rayon Carbon Fibers and Composites (Japan), SGL Group (Germany), Royal DSM (Netherlands), and Solvay (Belgium) are the dominant market players in the global carbon fiber tape market. They have been adopting new product launches as the only strategy to enhance the current market scenario of the carbon fiber tape market.

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