Unidirectional Tapes (UD Tapes) Market – Global Industry Analysis and Forecast (2023-2029)

Unidirectional Tapes (UD Tapes) Market size is expected to reach nearly US$ 457.33 Mn. by 2029 with the CAGR of 11.20% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Market Overview
The UD tapes market is segmented by fiber type as Glass Fiber UD Tapes, Carbon Fiber UD Tapes, and Other UD Tapes. The UD tapes can be manufactured using various thermoplastics according to customer requirements. A unidirectional carbon fiber tape is supported to the unidirectional tape that consists of several thousand parallel carbon fibers lightly bound together. The unidirectional tape’s mechanical properties can be tuned by selecting the suitable number of fibers and the carbon type: high modulus or high strength.

The basic fiber types are glass fiber and carbon fiber. In glass fiber is a low-cost possibility and offers outstanding price-performance ratio to most of the end-use industries containing aerospace & defense, automotive, and sporting goods. Also, glass fiber UD tapes deal with excellent corrosion resistance and are easy to process. The carbon fiber UD tape, a relatively small segment, is likely to exhibit the highest growth during the same period, driven by increasing demand for lightweight materials in aerospace & defense and automotive industries. Carbon fiber is lighter in weight as matched to other fibers including glass fiber as well as competing metals including aluminum and steel. Carbon fiber UD tape is purchase traction in the aerospace & defense and sporting goods industries.

Based on the Resin segments the market is segmented by Thermoset Unidirectional Tapes and Thermoplastic Unidirectional Tapes. Thermoset Unidirectional Tapes is segmented by Epoxy and Other Thermoset Unidirectional Tapes. Thermoplastic Unidirectional Tapes is segmented into Polyamide, Polyether Ether Ketone (PEEK) and Other Thermoplastic Unidirectional Tapes (UD Tapes).

Unidirectional tapes are used in different end-users in industries, such as aerospace & defense, automotive, construction, and sports & leisure. The growth of the UD tapes market in the aerospace & defense industry is driven by the need for fuel-efficient and technically advanced aircraft. Unidirectional tapes have developed strength-to-weight capability than other old-style aerospace materials. These tapes are used in both primary and secondary structures in aircraft. UD tapes are used in aircraft seat structures as they help reduce the weight of aircraft seats by 30% with the traditional aluminum frame seats. These factors are expected to drive the demand for unidirectional tapes in the aerospace & defense end-use industry during the calculation period.
Regional Insights
North America is estimated to account for the largest share of the unidirectional tapes market in 2021, in terms of both volume and value. The market in this region is also projected to register the highest CAGR between 2023 and 2029, in terms of value. The North America unidirectional tapes market is driven by high financial growth and heavy investments in the aerospace & defense industry. Increasing demand for lightweight, fuel-efficient, and technologically advanced aircraft is expected to drive the request for unidirectional tapes in North America. Major factors driving the growth of the North America Unidirectional tapes market include in the height demand for Unidirectional tapes in the US and Canada. This is due to the growing demand for UD tapes in commercial customer aircraft.

The objective of the report is to present a complete calculation of the global unidirectional tapes (UD tapes) market and contains thoughtful insights, historical data, facts, industry-validated market data and plans with a suitable set of assumptions and methodology. The report also helps in understanding global unidirectional tapes (UD tapes) market dynamics, structure by identifying and analyzing the market segments and project the global market size. The additional, report also focuses on the competitive analysis of key players by-product, financial position, price, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in global unidirectional tapes (UD tapes) market.
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Global Unidirectional Tapes Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 217.52 Mn.


Forecast Period 2022 to 2029 CAGR:
11.20%
Market Size in 2029:
US $ 457.33 Mn.


 Segments Covered:
by Fiber Type
Glass Fiber UD Tapes
Carbon Fiber UD Tapes
Other UD Tapes


by Resin
Thermoplastic
Thermoset


by End-User
Aerospace & Defense
Automotive
Sports & Leisure
Construction
Other End users



Unidirectional Tapes Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Unidirectional Tapes Market Key players:
1. Royal TenCate N.V.
2. Cytec Solvay Group
3. SABIC (Saudi Arabia) Teijin Ltd.
4. Hexcel Corporation
5. Evonik industries
6. SGL Group
7. Celanese Corporation
8. Teijin Limited
9. BASF
10.Hexcel Corporation
11.Oxeon AB
12.TCR Composites
13.Barrday
14.Cristex
15.Sigmatex
16.Axiom Materials
17.PRF Composite Materials
18.Eurocarbon
19.Toray Industries, Inc.
20.Plastic Reinforcement Fabrics Ltd
21.Victrex plc.
22.Performance Composites Inc.
23.Axiom Materials, Inc.
24.Composites Evolution
25.TCR Composites, Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Unidirectional Tapes Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Unidirectional Tapes Market?
Ans: The Global Unidirectional Tapes Market is expected to grow at a CAGR of 11.20% during forecast period 2023-2029.

3. What is scope of the Global Unidirectional Tapes market report?
Ans: Global Unidirectional Tapes Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Unidirectional Tapes market?
Ans: The important key players in the Global Unidirectional Tapes Market are – Royal TenCate N.V., Cytec Solvay Group, SABIC (Saudi Arabia) Teijin Ltd., Hexcel Corporation, Evonik industries, SGL Group, Celanese Corporation

5. What is the study period of this market?
Ans: The Global Unidirectional Tapes Market is studied from 2022 to 2029.