Unidirectional Tapes (UD Tapes) Market

Unidirectional Tapes (UD Tapes) Market by Fiber Type (Glass, Carbon), Resin (Thermoplastic, Thermoset), End-use Industry (Aerospace & Defense, Automotive, Sports & Leisure), and Region (North America, Europe, Asia Pacific) - Global Forecasts to 2025

Report Code: CH 6378 Jul, 2020, by marketsandmarkets.com

[175 Pages Report] The global UD tapes market size is projected to grow from USD 151 million in 2020 to USD 256 million by 2025, at a CAGR of 11.1%. The global UD tapes market is growing due to the rise in the demand for high-performance materials. However, the UD tapes market is expected to decline in 2020 due to the global COVID-19 pandemic.

Unidirectional Tapes (UD Tapes) Market

Impact of COVID-19 on UD Tapes Market

The novel coronavirus pandemic has created ripples across the global aerospace industry, affecting the global supply chains, which move materials and components rapidly across borders and fabrication facilities. This has resulted in delays or non-arrival of raw materials, disrupted financial flows, and growing absenteeism among production line workers. These factors have affected the world’s biggest commercial aircraft providers, Boeing and Airbus, and their constellation of suppliers. Boeing did not have any orders in January 2020. Airbus also had zero orders in February 2020. The loss of the aerospace & defense industry has directly affected the UD tapes market as it is a major end-use industry of UD tapes.

Market Dynamics

Driver: Increase in the use of UD tapes in primary & secondary aircraft structures

Vehicle weight reduction and increased fuel efficiency are the major factors driving the use of UD tapes in the aerospace & defense industry. The greater strength-to-weight capability of UD tapes allows for more efficient structural and aerodynamic designs. UD tapes offer high fatigue tolerance and improve the strength of structural components, thereby enabling the manufacturing of bigger passenger windows and lower cabin altitude than conventional jetliners.

The rise in air passenger traffic across the globe has contributed to an increase in aircraft production. The demand for new aircraft is expected to gradually shift from developed to emerging markets, such as APAC, South America, and Africa. In the commercial aerospace sector, North America is expected to witness the highest commercial aircraft deliveries, followed by Europe, APAC, South America, and the Middle East.

Carbon fiber-based UD tapes are mostly preferred in aircraft due to their high strength and stiffness. Unidirectional tapes can also be silt easily without losing its strength, which is not possible in the case of woven tapes and fabrics. The major applications of UD tapes are fixed wing fuselage, drive shafts, wing spars, wing skins, cargo floor panels, fan blades, tail booms, rib stiffeners, conduit, brackets, and others. There has been a paradigm shift in aircraft design by Boeing and Airbus, with composites now being considered for primary structures of all wide-bodied aircraft. Owing to the increasing use of composites in aircraft manufacturing, the demand for UD tapes is rapidly increasing.

Restraint: Issues related to recyclability

Globally, companies are trying to reduce the effect of global warming and explore the potential of UD tapes to reduce greenhouse gas emissions. However, the difficulty of recycling glass fiber is a stumbling block, especially in the construction and automotive sectors, where the pressure to recycle is high.

The European Composites Industry Association (EUCIA) states that glass-fiber reinforced plastic and carbon fiber reinforced thermoplastic are recyclable and compliant with the European Union (EU) legislation and with the stringent regulations of the US. Currently, recycling facilities for composites exist only in Germany; hence, for companies in other countries, it is prohibitively expensive and not environment-friendly as it involves significant expenses to transport the products for recycling.

Opportunity: Increasing use of UD tapes in new applications

UD tapes are emerging as a class of materials that possess superior properties. These materials have very high stiffness, lower weight, high abrasion, and wear resistance. The use of these materials is increasing in medical, construction & infrastructure, and other industries. In the medical industry, the use of UD tapes is increasing in the manufacturing of prosthetic parts, such as wheelchair frame, artificial limbs, and exoskeleton construction for limbs. The use of UD tapes is also increasing rapidly in localized reinforcement, repairs, and seam taping of concrete parts in the construction industry. These tapes are also used for the manufacturing of tubular products through the filament winding process in the pipe & tank industry.

Challenge: High manufacturing and processing costs of UD tapes

The high cost of UD tapes has posed as a hurdle to its expansion into structural applications of various industries. The real potential of UD tapes has not yet been realized owing to the R&D costs, high manufacturing costs, and increased cycle times. Many new applications of UD tapes have been discovered, but due to high-cost constraints, commercialization in these applications is yet to begin. The high R&D, manufacturing, and processing costs are a major challenge for the key players to manufacture cost-effective products in the market.

Glass fiber is estimated to account for the largest share of the UD tapes market during the forecast period

Glass fiber segment is estimated to account for the largest share of the UD tapes market during the forecast period. Glass fiber UD tapes are easy to process and manufacture as compared to carbon fiber, which are very difficult to process. Glass fiber-based UD tapes are preferable over carbon fiber UD tapes as they provide a quick and affordable way to build parts & molds and make repairs. Government regulations such as CAFÉ Standards in the US and carbon emission targets in Europe are putting pressure on automotive OEMs to incorporate lightweight materials to reduce the overall vehicle weight. Such factors are the key drivers for the glass fiber UD tapes market.

Thermoplastic UD tapes to be the fastest-growing resin segment of the UD tapes market during the forecast period.

Thermoplastic UD tapes is expected to be the largest segment, by resin, during the forecast period. Thermoplastic UD tapes are used in a large number of industries, including aerospace & defense and sports & leisure. These are widely used in the aerospace & defense industry due to their toughness, high strength, moisture absorption resistance, high performance properties, and ability to survive under high temperature conditions.

The aerospace & defense segment is estimated to be the fastest-growing end-use industry of the UD tapes market during the forecast period.

Based on end-use industry, the aerospace & defense segment is estimated to account for the largest share of the UD tapes market during the forecast period. UD tapes are used in aircraft seat frames as they help reduce the weight of aircraft seats by 30% in comparison to traditional aluminum frame seats. They are also used in lightweight sandwich panels for ultralight aircraft. According to Airbus, there will be a global increase in the aircraft demand; for 28,200 new built freighters and passenger aircraft between 2012 and 2031. This increased aircraft demand includes the demand from the developing markets, such as APAC, South America, and Africa. This will drive the demand for UD tapes in the aerospace & defense industry.

North America to account for the largest share of the global UD tapes market during the forecast period.

The North America UD tapes market is expected to witness strong growth in the next five years. The demand for lightweight, fuel-efficient aircraft is increasing, which will drive the demand for UD tapes in the aerospace & defense industry. The launch of new aircraft such as Boeing 777x and China’s indigenously build aircraft Comac C919 is also expected to drive the demand for UD tapes in the near future. UD tapes are also used in lightweight sandwich panels for ultralight aircraft. These factors will drive the demand for UD tapes.

Unidirectional Tapes (UD Tapes) Market by Region

Europe to account for the second largest share of the global UD tapes during the forecast period.

Europe is the second-largest market for UD tapes. The growth of end-use industries is driving the UD tapes market in the region. France accounted for the maximum market share in terms of value in 2019. France provides the lowest business setup costs in terms of facility costs, utility costs, transport, and corporate taxes. Germany is the leading automotive market in terms of production and sales in Europe. OEMs are constantly challenged by government regulations to increase fuel efficiency and decrease carbon emissions by using lightweight materials such as UD tapes. This has turned the focus of automotive OEMs to use carbon and glass fiber UD tapes for structural parts of passenger cars and high-utility vehicles. Thus, the UD tapes manufacturers stand a good chance to penetrate the automotive sector in Germany.

Unidirectional Tapes (UD Tapes) Market by Region

Key Market Players

Evonik Industries (Germany), SABIC (Saudi Arabia), Toray Industries, Inc. (Japan), Hexcel Corporation (US), SGL Group (Germany), and Teijin Limited (Japan), are some of the players operating in the global market.

Scope of the report

Report Metric

Details

Years considered for the study

2018–2025

Base year

2019

Forecast period

2020–2025

Units considered

Value (USD Million) and Volume (Ton)

Segments

Fiber, Resin Type, and End-Use Industry

Regions

APAC, North America, Europe, the Middle East & Africa, and South America

Companies

Toray Industries, Inc. (Japan), SABIC (Saudi Arabia), Evonik Industries (Germany), Hexcel Corporation (US), SGL Group (Germany), Teijin Limited (Japan)
A total of 18 players are covered.

This research report categorizes the UD tapes market based on fiber, resin type, end-use industry, and region.

Based on fiber, the UD tapes market has been segmented as follows:

  • Glass fiber
  • Carbon fiber

Based on resin, the UD tapes market has been segmented as follows:

  • Thermoplastic
  • Thermoset

Based on end-use industries, the UD tapes market has been segmented as follows:

  • Aerospace & Defense
  • Automotive
  • Sports & Leisure
  • Others (industrial, electrical & electronics, wind energy, marine, construction, and pipe & tank)

Based on the region, the UD tapes market has been segmented as follows:

  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • South America

Recent Developments

  • In January 2020, Hexcel Corporation collaborated with Madshus, a leading innovator in the field of cross-country skiing. The company provides Madshus with three different Hi Tape products based on specific design parameters of various cross-country ski types. Hexcel’s new HiTape dry carbon-based UD tapes improve the performance, manufacturing efficiency, and surface finish of Madshus’ skis.
  • In August 2019, Toray Advanced Composites and BASF signed a manufacturing and supply agreement focused on the production of continuous fiber-reinforced thermoplastic (CFRT) UD tapes for the automotive and industrial markets.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 MARKET INCLUSIONS
           1.2.2 MARKET EXCLUSIONS
    1.3 MARKET SCOPE
        FIGURE 1 UD TAPES MARKET SEGMENTATION
           1.3.1 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DESIGN
        FIGURE 2 UD TAPES MARKET: RESEARCH DESIGN
           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
                            TABLE 1 PRIMARY DATA SOURCES
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
        FIGURE 3 UD TAPES MARKET SIZE ESTIMATION
        FIGURE 4 UD TAPES MARKET SIZE ESTIMATION, BY REGION
        FIGURE 5 UD TAPESa MARKET SIZE ESTIMATION, BY END-USE INDUSTRY
        FIGURE 6 METHODOLOGY FOR “SUPPLY-SIDE” SIZING OF UD TAPES MARKET
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 7 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 8 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
        FIGURE 9 UD TAPES MARKET: DATA TRIANGULATION
    2.4 ASSUMPTIONS AND LIMITATIONS
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 35)
  TABLE 2 UD TAPES MARKET SNAPSHOT, 2020 VS. 2025
  FIGURE 10 NORTH AMERICAN UD TAPES MARKET TO REGISTER THE HIGHEST CAGR
  FIGURE 11 AEROSPACE & DEFENSE INDUSTRY TO DOMINATE THE UD TAPES MARKET
  FIGURE 12 GLASS FIBER ACCOUNTED FOR LARGER MARKET SHARE
  FIGURE 13 THERMOPLASTIC SEGMENT TO LEAD THE UD TAPES MARKET
  FIGURE 14 NORTH AMERICA IS THE LARGEST UD TAPES MARKET

4 PREMIUM INSIGHTS (Page No. - 40)
    4.1 ATTRACTIVE OPPORTUNITIES IN UD TAPES MARKET
        FIGURE 15 HIGH DEMAND FROM AEROSPACE & DEFENSE INDUSTRY TO DRIVE  THE MARKET
    4.2 UD TAPES MARKET, BY RESIN AND REGION, 2019
        FIGURE 16 THERMOPLASTIC SEGMENT AND NORTH AMERICA ACCOUNTED FOR THE LARGEST SHARES
    4.3 UD TAPES MARKET, BY FIBER
        FIGURE 17 GLASS FIBER TO BE THE LARGER SEGMENT OF THE MARKET
    4.4 UD TAPES MARKET, BY END-USE INDUSTRY
        FIGURE 18 AUTOMOTIVE TO BE THE LARGEST END-USE INDUSTRY
    4.5 UD TAPES MARKET, BY KEY COUNTRIES
        FIGURE 19 US TO REGISTER THE HIGHEST CAGR

5 MARKET OVERVIEW (Page No. - 43)
    5.1 VALUE CHAIN OVERVIEW
           5.1.1 VALUE CHAIN ANALYSIS
                    5.1.1.1 Raw Material
                    5.1.1.2 Manufacturing Process
                    5.1.1.3 Final Product
                            FIGURE 20 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE MANUFACTURING PROCESS
           5.1.2 DISRUPTION IN VALUE CHAIN DUE TO COVID–19
                    5.1.2.1 Action plan against such crisis vulnerability
    5.2 MARKET DYNAMICS
        FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE  UD TAPES MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increase in the use of UD tapes in primary & secondary aircraft structures
                            FIGURE 22 NEW AIRPLANE DELIVERIES, BY REGION, 2016–2035
                    5.2.1.2 Increasing demand for manufacturing lightweight vehicles
                    5.2.1.3 Initiatives by the governments of China and India
                    5.2.1.4 Replacement of old/aging aircraft and modernization of  existing aircraft
           5.2.2 RESTRAINTS
                    5.2.2.1 Issues related to recyclability
                    5.2.2.2 High processing and manufacturing costs of carbon fiber
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing use of UD tapes in new applications
                    5.2.3.2 Emergence of aircraft manufacturers in APAC and South America
                    5.2.3.3 Increasing demand for passenger aircraft in developing regions
           5.2.4 CHALLENGES
                    5.2.4.1 High manufacturing and processing costs of UD tapes
                    5.2.4.2 Market chain recovery from COVID-19 impact
    5.3 PORTER’S FIVE FORCES ANALYSIS
        FIGURE 23 PORTER’S FIVE FORCES ANALYSIS: UD TAPES MARKET
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 MACROECONOMIC OVERVIEW AND KEY TRENDS
           5.4.1 INTRODUCTION
           5.4.2 TRENDS AND FORECAST OF GDP
                 TABLE 3 GDP PERCENTAGE CHANGE OF KEY COUNTRIES, 2019–2024
           5.4.3 TRENDS OF GLOBAL AUTOMOTIVE INDUSTRY
                    5.4.3.1 Automotive Industry Production, 2018–2019
                            TABLE 4 AUTOMOTIVE INDUSTRY PRODUCTION (2018–2019)
                    5.4.3.2 Electric Vehicle Models, 2019–2028
                            TABLE 5 ELECTRIC VEHICLE MODELS, 2019–2028
           5.4.4 GROWTH TRENDS IN AEROSPACE INDUSTRY
                    5.4.4.1 Growth Indicators of Aerospace Industry, 2015–2033
                            TABLE 6 GROWTH INDICATORS OF AEROSPACE INDUSTRY, 2015–2033
                    5.4.4.2 Growth Indicators of Aerospace Industry, By Region, 2015–2033
                            TABLE 7 GROWTH INDICATORS OF AEROSPACE INDUSTRY, BY REGION, 2015–2033
                            FIGURE 24 NUMBER OF JETS ADDED TO THE GLOBAL AIRCRAFT FLEET, BY MANUFACTURER, IN 2018
                            FIGURE 25 WORLD FLEET PRODUCTION FORECAST, 2018–2037
                            FIGURE 26 WORLD FLEET STATS, 2018—2037
                            TABLE 8 NUMBER OF REQUIRED AIRCRAFT, BY REGION
                            TABLE 9 NUMBER OF REQUIRED FREIGHTERS
                            TABLE 10 INDICATORS ENCOURAGING THE AEROSPACE INDUSTRY
    5.5 IMPACT OF MEGATRENDS AND TECHNOLOGY DISRUPTION ON FUTURE REVENUE POCKETS OF MANUFACTURERS
           5.5.1 AEROSPACE
                    5.5.1.1 Continued technological advancement
                    5.5.1.2 Unmanned aircraft systems (UAS)
                    5.5.1.3 In-flight entertainment & connectivity
                    5.5.1.4 Strong replacement demand
                    5.5.1.5 Decline in fuel prices
                    5.5.1.6 Increasing focus on enhancing safety and efficiency
           5.5.2 AUTOMOTIVE & TRANSPORTATION
                    5.5.2.1 Electric Vehicles
                    5.5.2.2 Shared mobility
                    5.5.2.3 Innovation in batteries to power electric vehicles
                    5.5.2.4 Revolutionary transformation in autonomous driving

6 COVID-19 IMPACT ON INDUSTRIES (Page No. - 63)
    6.1 OVERVIEW
           6.1.1 THE OUTBREAK IS AFFECTING THE ECONOMIES AROUND THE WORLD
           6.1.2 EFFECTS ON GDP OF COUNTRIES
    6.2 AEROSPACE INDUSTRY
        TABLE 11 PASSENGER REVENUE LOSS, 2020 VS 2019
        TABLE 12 INTERNATIONAL PASSENGER MARKET, FEBRUARY 2020 VS FEBRUARY 2019
        TABLE 13 COVID-19 MRO GLOBAL IMPACT
           6.2.1 IMPACT ON AIRCRAFT PRODUCTION, MRO, AND OTHER SERVICES
                    6.2.1.1 Aftermarket
                    6.2.1.2 Original Equipment
           6.2.2 DISRUPTION IN AVIATION INDUSTRY
           6.2.3 IMPACT ON CUSTOMERS’ REVENUE
           6.2.4 RESPONSE TO COVID-19
                    6.2.4.1 Short-term strategies to manage cost structure and supply chains
                    6.2.4.2 MnM viewpoint on growth outlook and new market opportunities
    6.3 AUTOMOTIVE INDUSTRY
           6.3.1 DISRUPTION IN AUTOMOTIVE INDUSTRY
           6.3.2 MOST AFFECTED COUNTRIES/REGIONS
                    6.3.2.1 China
                    6.3.2.2 Europe
                    6.3.2.3 US
           6.3.3 RESPONSE TO COVID-19
                    6.3.3.1 Short-term strategies to manage cost structure and supply chains
                    6.3.3.2 Customers’ perspective on the growth outlook
                    6.3.3.3 MnM viewpoint on growth outlook and new market opportunities

7 UNIDIRECTIONAL TAPES MARKET, BY RESIN (Page No. - 71)
    7.1 INTRODUCTION
        FIGURE 27 THERMOPLASTIC RESIN SEGMENT TO ACCOUNT FOR THE LARGER MARKET SHARE
        TABLE 14 UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (TON)
        TABLE 15 UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
    7.2 THERMOPLASTIC UD TAPES
           7.2.1 POLYETHER ETHER KETONE (PEEK)
                    7.2.1.1 Widely used thermoplastic resin carbon fiber-based UD tapes
           7.2.2 POLYAMIDE
                    7.2.2.1 Superior chemical properties of PA driving its demand
           7.2.3 OTHERS
                 TABLE 16 THERMOPLASTIC UD TAPES MARKET SIZE, BY REGION, 2018–2025 (TON)
                 TABLE 17 THERMOPLASTIC UD TAPES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    7.3 THERMOSET UD TAPES
           7.3.1 EPOXY
                    7.3.1.1 Excellent mechanical properties of epoxy boosting its demand
           7.3.2 OTHERS
                    7.3.2.1 Aerospace industry to drive other resins
                            TABLE 18 THERMOSET UD TAPES MARKET SIZE, BY REGION, 2018–2025 (TON)
                            TABLE 19 THERMOSET UD TAPES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)

8 UNIDIRECTIONAL TAPES MARKET, BY FIBER (Page No. - 77)
    8.1 INTRODUCTION
        FIGURE 28 CARBON FIBER SEGMENT TO REGISTER HIGHER CAGR
        TABLE 20 UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (TON)
        TABLE 21 UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (USD MILLION)
    8.2 GLASS FIBER
           8.2.1 GLASS FIBER PROVIDES QUICK AND AFFORDABLE WAY TO BUILD PARTS & MOLDS
                 TABLE 22 GLASS FIBER UD TAPES MARKET SIZE, BY REGION, 2018–2025 (TON)
                 TABLE 23 GLASS FIBER UD TAPES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    8.3 CARBON FIBER
           8.3.1 CARBON FIBER-BASED UD TAPES PROVIDE HIGHER DURABILITY OF PRODUCTS
                 TABLE 24 CARBON FIBER UD TAPES MARKET SIZE, BY REGION, 2018–2025 (TON)
                 TABLE 25 CARBON FIBER UD TAPES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)

9 UNIDIRECTIONAL TAPES MARKET, BY END-USE INDUSTRY (Page No. - 82)
    9.1 INTRODUCTION
        FIGURE 29 AEROSPACE & DEFENSE SEGMENT TO REGISTER THE HIGHEST CAGR
        TABLE 26 UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
        TABLE 27 UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
    9.2 AEROSPACE & DEFENSE
           9.2.1 EXCELLENT STRENGTH-TO-WEIGHT CAPABILITY OF UD TAPES LEADING TO THEIR INCREASING DEMAND
                 TABLE 28 UD TAPES MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2018–2025 (TON)
                 TABLE 29 UD TAPES MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2018–2025 (USD MILLION)
           9.2.2 COVID-19 IMPACT ON AEROSPACE MARKET
    9.3 AUTOMOTIVE
           9.3.1 GROWING FOCUS ON LIGHTWEIGHT VEHICLES TO BOOST THE DEMAND FOR UD TAPES
                 TABLE 30 UD TAPES MARKET SIZE IN AUTOMOTIVE, BY REGION, 2018–2025 (TON)
                 TABLE 31 UD TAPES MARKET SIZE IN AUTOMOTIVE, BY REGION, 2018–2025 (USD MILLION)
           9.3.2 COVID-19 IMPACT ON AUTOMOTIVE MARKET
    9.4 SPORTS & LEISURE
           9.4.1 SMALL TOW CARBON FIBERS WITH HIGHER PERFORMANCE GRADES ARE USED IN THIS INDUSTRY
                 TABLE 32 UD TAPES MARKET SIZE IN SPORTS & LEISURE, BY REGION, 2018–2025 (TON)
                 TABLE 33 UD TAPES MARKET SIZE IN SPORTS & LEISURE, BY REGION, 2018–2025 (USD MILLION)
    9.5 OTHERS
        TABLE 34 UD TAPES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2025 (TON)
        TABLE 35 UD TAPES MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2025 (USD MILLION)

10 UNIDIRECTIONAL TAPES MARKET, BY REGION (Page No. - 90)
     10.1 INTRODUCTION
          FIGURE 30 NORTH AMERICA TO REGISTER HIGHEST CAGR IN UD TAPES MARKET
             10.1.1 COVID-19 IMPACT ON GLOBAL MARKET
                    TABLE 36 UD TAPES MARKET SIZE, BY REGION, 2018–2025 (TON)
                    TABLE 37 UD TAPES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
     10.2 NORTH AMERICA
          FIGURE 31 NORTH AMERICA: UD TAPES MARKET SNAPSHOT
          TABLE 38 NORTH AMERICA: UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (TON)
          TABLE 39 NORTH AMERICA: UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 40 NORTH AMERICA: UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (TON)
          TABLE 41 NORTH AMERICA: UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (USD MILLION)
          TABLE 42 NORTH AMERICA: UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
          TABLE 43 NORTH AMERICA: UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 44 NORTH AMERICA: UD TAPES MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
          TABLE 45 NORTH AMERICA: UD TAPES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             10.2.1 COVID-19 IMPACT ON NORTH AMERICA
             10.2.2 US
                        10.2.2.1 Presence of major UD tapes producers in the country
                        10.2.2.2 COVID-19 impact on the US
             10.2.3 CANADA
                        10.2.3.1 Aerospace & defense- a major industry of Canada
                        10.2.3.2 COVID-19 impact on Canada
     10.3 EUROPE
          FIGURE 32 EUROPE: UD TAPES MARKET SNAPSHOT
          TABLE 46 EUROPE: UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (TON)
          TABLE 47 EUROPE: UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 48 EUROPE: UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (TON)
          TABLE 49 EUROPE: UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (USD MILLION)
          TABLE 50 EUROPE: UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
          TABLE 51 EUROPE: UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 52 EUROPE: UD TAPES MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
          TABLE 53 EUROPE: UD TAPES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             10.3.1 COVID-19 IMPACT ON EUROPE
             10.3.2 GERMANY
                        10.3.2.1 Second-largest UD tapes market in Europe
                        10.3.2.2 COVID-19 impact on Germany
             10.3.3 FRANCE
                        10.3.3.1 Largest consumer of UD tapes in the region
                        10.3.3.2 COVID-19 impact on France
             10.3.4 UK
                        10.3.4.1 High demand for fuel-efficient and lightweight vehicles propelling the market
                        10.3.4.2 COVID-19 impact on the UK
             10.3.5 ITALY
                        10.3.5.1 Country’s sporting goods industry to create demand for UD tapes
                        10.3.5.2 COVID-19 impact on Italy
             10.3.6 SPAIN
                        10.3.6.1 High focus on increasing the use of UD tapes
                        10.3.6.2 COVID-19 impact on Spain
             10.3.7 REST OF EUROPE
                        10.3.7.1 COVID-19 impact on Rest of Europe
     10.4 APAC
          FIGURE 33 APAC: UD TAPES MARKET SNAPSHOT
          TABLE 54 APAC: UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (TON)
          TABLE 55 APAC: UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 56 APAC: UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (TON)
          TABLE 57 APAC: UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (USD MILLION)
          TABLE 58 APAC: UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
          TABLE 59 APAC: UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 60 APAC: UD TAPES MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
          TABLE 61 APAC: UD TAPES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             10.4.1 COVID-19 IMPACT ON APAC
             10.4.2 JAPAN
                        10.4.2.1 Demand for new airplanes to replace older ones to influence the market
                        10.4.2.2 COVID-19 impact on Japan
             10.4.3 CHINA
                        10.4.3.1 The country is witnessing growth in aircraft manufacturing and maintenance
                        10.4.3.2 COVID-19 impact on China
             10.4.4 SOUTH KOREA
                        10.4.4.1 Demand for UD tapes in both commercial and general aviation
                        10.4.4.2 COVID-19 impact on South Korea
             10.4.5 TAIWAN
                        10.4.5.1 Growing sporting goods industry spurring the market growth
                        10.4.5.2 COVID-19 impact on Taiwan
             10.4.6 REST OF APAC
                        10.4.6.1 COVID-19 impact on Rest of APAC
     10.5 MIDDLE EAST & AFRICA
          FIGURE 34 AEROSPACE & DEFENSE TO BE FASTEST-GROWING END USER OF UD TAPES IN MIDDLE EAST & AFRICA
          TABLE 62 MIDDLE EAST & AFRICA: UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (TON)
          TABLE 63 MIDDLE EAST & AFRICA: UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 64 MIDDLE EAST & AFRICA: UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (TON)
          TABLE 65 MIDDLE EAST & AFRICA: UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (USD MILLION)
          TABLE 66 MIDDLE EAST & AFRICA: UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
          TABLE 67 MIDDLE EAST & AFRICA: UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 68 MIDDLE EAST & AFRICA: UD TAPES MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
          TABLE 69 MIDDLE EAST & AFRICA: UD TAPES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             10.5.1 COVID-19 IMPACT ON THE MIDDLE EAST & AFRICA
             10.5.2 ISRAEL
                        10.5.2.1 Presence of OEMs boosting the market
                        10.5.2.2 COVID-19 impact on Israel
             10.5.3 UAE
                        10.5.3.1 Investment by leading players to fuel the market
                        10.5.3.2 COVID-19 impact on UAE
             10.5.4 REST OF MIDDLE EAST & AFRICA
                        10.5.4.1 COVID-19 impact on Rest of Middle East & Africa
     10.6 SOUTH AMERICA
          FIGURE 35 AEROSPACE & DEFENSE TO BE FASTEST-GROWING END-USE INDUSTRY OF UD TAPES IN SOUTH AMERICA
          TABLE 70 SOUTH AMERICA: UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (TON)
          TABLE 71 SOUTH AMERICA: UD TAPES MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 72 SOUTH AMERICA: UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (TON)
          TABLE 73 SOUTH AMERICA: UD TAPES MARKET SIZE, BY FIBER, 2018–2025 (USD MILLION)
          TABLE 74 SOUTH AMERICA: UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (TON)
          TABLE 75 SOUTH AMERICA: UD TAPES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 76 SOUTH AMERICA: UD TAPES MARKET SIZE, BY COUNTRY, 2018–2025 (TON)
          TABLE 77 SOUTH AMERICA: UD TAPES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
             10.6.1 COVID-19 IMPACT ON SOUTH AMERICA
             10.6.2 BRAZIL
                        10.6.2.1 Brazil- one of the only five commercial jet manufacturers globally
                        10.6.2.2 COVID-19 impact on Brazil
             10.6.3 REST OF SOUTH AMERICA
                        10.6.3.1 COVID-19 impact on the Rest of South America

11 COMPETITIVE LANDSCAPE (Page No. - 123)
     11.1 OVERVIEW
          FIGURE 36 COMPANIES ADOPTED NEW PRODUCT LAUNCH AS THE KEY GROWTH STRATEGY BETWEEN 2017 AND 2020
     11.2 COMPETITIVE LEADERSHIP MAPPING
             11.2.1 STAR
             11.2.2 PERVASIVE
             11.2.3 EMERGING COMPANIES
             11.2.4 EMERGING LEADERS
                    FIGURE 37 UD TAPES MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
     11.3 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 38 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN GLOBAL UD TAPES MARKET
     11.4 BUSINESS STRATEGY EXCELLENCE
          FIGURE 39 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN GLOBAL UD TAPES MARKET
     11.5 MARKET SHARE ANALYSIS
          FIGURE 40 GLOBAL UD TAPES MARKET SHARE ANALYSIS, 2019 (IN VALUE)
     11.6 COMPETITIVE SCENARIO
             11.6.1 NEW PRODUCT LAUNCH
                    TABLE 78 NEW PRODUCT LAUNCH, 2017–2020
             11.6.2 MERGER & ACQUISITION
                    TABLE 79 MERGER & ACQUISITION, 2017–2020
             11.6.3 JOINT VENTURE & AGREEMENT
                    TABLE 80 AGREEMENT, 2017–2020
             11.6.4 COLLABORATION
                    TABLE 81 COLLABORATION, 2017–2020

12 COMPANY PROFILES (Page No. - 131)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat from Competition, and Right to Win)*
     12.1 EVONIK INDUSTRIES
          FIGURE 41 EVONIK INDUSTRIES: COMPANY SNAPSHOT
     12.2 SABIC
          FIGURE 42 SABIC: COMPANY SNAPSHOT
     12.3 TORAY INDUSTRIES, INC.
          FIGURE 43 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
     12.4 HEXCEL CORPORATION
          FIGURE 44 HEXCEL CORPORATION: COMPANY SNAPSHOT
     12.5 SGL GROUP
          FIGURE 45 SGL GROUP: COMPANY SNAPSHOT
     12.6 TEIJIN LIMITED
          FIGURE 46 TEIJIN LIMITED: COMPANY SNAPSHOT
     12.7 SOLVAY
          FIGURE 47 SOLVAY: COMPANY SNAPSHOT
     12.8 BASF
          FIGURE 48 BASF: COMPANY SNAPSHOT
     12.9 BARRDAY
     12.10 CELANESE CORPORATION
           FIGURE 49 CELANESE CORPORATION: COMPANY SNAPSHOT
     12.11 OTHER COMPANIES
             12.11.1 CRISTEX
             12.11.2 VICTREX
             12.11.3 TCR COMPOSITES
             12.11.4 SIGMATEX
             12.11.5 EUROCARBON
             12.11.6 PRF COMPOSITE MATERIALS
             12.11.7 OXEON AB
             12.11.8 AXIOM MATERIALS

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat from Competition, and Right to Win might not be captured in case of unlisted companies.

13 ADJACENT & RELATED MARKETS (Page No. - 156)
     13.1 INTRODUCTION
     13.2 LIMITATIONS
     13.3 AUTOMOTIVE COMPOSITES MARKET
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
             13.3.3 AUTOMOTIVE COMPOSITES MARKET, BY FIBER TYPE
                    TABLE 82 AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2015–2022 (USD MILLION)
                    TABLE 83 AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2015–2022 (KILOTON)
                        13.3.3.1 Carbon Fiber Automotive Composites
                        13.3.3.2 Glass Fiber Automotive Composites
                        13.3.3.3 Other Fiber-based Automotive Composites
             13.3.4 AUTOMOTIVE COMPOSITES MARKET, BY RESIN TYPE
                    TABLE 84 AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2015–2022 (USD MILLION)
                    TABLE 85 AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2015–2022 (KILOTON)
                        13.3.4.1 Thermoset Automotive Composites
                                     13.3.4.1.1 Polyester Resin
                                     13.3.4.1.2 Vinyl Ester Resin
                                     13.3.4.1.3 Epoxy Resin
                                     13.3.4.1.4 Others
                        13.3.4.2 Thermoplastic Automotive Composites
                                     13.3.4.2.1 Polypropylene (PP)
                                     13.3.4.2.2 Polyamide (PA)
                                     13.3.4.2.3 Polyphenylene Sulfide (PPS)
                                     13.3.4.2.4 Others
             13.3.5 AUTOMOTIVE COMPOSITES MARKET, BY MANUFACTURING PROCESS
                    TABLE 86 AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2015–2022 (USD MILLION)
                    TABLE 87 AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2015–2022 (KILOTON)
                        13.3.5.1 Compression Molded Automotive Composites
                        13.3.5.2 Injection Molded Automotive Composites
                        13.3.5.3 Resin Transfer Molded Automotive Composites
                        13.3.5.4 Other Processes
                                     13.3.5.4.1 Filament Winding Process
                                     13.3.5.4.2 Continuous Process
                                     13.3.5.4.3 Manual Process
             13.3.6 AUTOMOTIVE COMPOSITES MARKET, BY APPLICATION
                    TABLE 88 AUTOMOTIVE COMPOSITES MARKET SIZE, BY APPLICATION, 2015–2022 (USD MILLION)
                    TABLE 89 AUTOMOTIVE COMPOSITES MARKET SIZE, BY APPLICATION, 2015–2022 (KILOTON)
                        13.3.6.1 Exterior
                        13.3.6.2 Interior
                        13.3.6.3 Powertrain
                        13.3.6.4 Chassis
             13.3.7 AUTOMOTIVE COMPOSITES MARKET, BY VEHICLE TYPE
                    TABLE 90 AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2015–2022 (USD MILLION)
                    TABLE 91 AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2015–2022 (KILOTON)
                        13.3.7.1 Non-electric Vehicles
                        13.3.7.2 Electric Vehicles
             13.3.8 AUTOMOTIVE COMPOSITES MARKET, BY REGION
                    TABLE 92 AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
                    TABLE 93 AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
                        13.3.8.1 Europe
                        13.3.8.2 North America
                        13.3.8.3 Asia-Pacific
                        13.3.8.4 Latin America
                        13.3.8.5 Middle East & Africa

14 APPENDIX (Page No. - 169)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the current market size of UD tapes. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.

Secondary Research

This research report involves the use of extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the UD tapes market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases.

Primary Research

The UD tapes market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development of the aerospace & defense, automotive, sports & leisure, and other industries. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Unidirectional Tapes (UD Tapes) Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the UD tapes market. These approaches have also been used extensively to estimate the size of various dependent sub-segments of the market. The research methodology used to estimate the market size includes the following steps:

  • The key players have been identified through extensive secondary research.
  • The UD tape industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Data Triangulation

After arriving at the overall size of the UD tapes market from the estimation process explained above, the total market has been split into several segments and sub-segments. The data triangulation and market breakdown procedures have been employed, wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Apart from this, the market size has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the size of the unidirectional (UD) tapes market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To analyze and forecast the market based on resin, fiber, and end-use industry
  • To analyze and forecast the market based on key regions, such as North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America
  • To strategically analyze the micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze competitive developments in the market, such as new product launch and expansion
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country

Company Information

  • Detailed analysis and profiling of additional market players
COVID-19

Get in-depth analysis of the COVID-19 impact on the Unidirectional Tapes (UD Tapes) Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Unidirectional Tapes (UD Tapes) Market

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