According to TechSci Research report, “Carbon Fibre Tape Market –Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the carbon fiber tape market is valued at USD 2.83 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 10.78% through 2028. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
Carbon fiber tape is a flexible type of carbon fiber material that comprises slight, level strands of carbon fiber. Its adaptability and simplicity of dealing with it make it an optimal decision for making multifaceted designs and building up different materials.
By and large, carbon fiber tape has been utilized in businesses like aviation and auto for applications like primary support and fix. In any case, ongoing headways have extended its venture into startling areas, including the assembling of lines and tanks. Carbon fiber tape's extraordinary solidarity to weight proportion adds to the upgraded strength of lines and tanks.
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The material's protection from erosion, synthetics, and temperature vacillations guarantees a more drawn-out life expectancy contrasted with conventional materials. The lightweight idea of carbon fiber tape brings about essentially lighter lines and tanks.
This property is especially important in enterprises like transportation, where weight decrease straightforwardly means further developed eco-friendliness and diminished functional expenses. Carbon fiber tape's adaptability permits producers to unequivocally apply it to explicit areas of lines and tanks that require support. This customization guarantees that primary trustworthiness is kept up with, even in high-stress conditions. The simplicity of dealing with and utilization of carbon fiber tape speeds up the assembling and establishment cycle of lines and tanks.
This proficiency is urgent for enterprises looking to upgrade creation courses of events. Carbon fiber's intrinsic manageability, attributable to its lower carbon impression contrasted with customary materials, lines up with worldwide endeavors towards more eco-accommodating practices.
This manageability viewpoint can be a main thrust for its reception. The joining of carbon fiber tape into lines and tanks has prodded development and cooperation inside the business. Manufacturers, specialists, and architects are cooperating to enhance creation methods and foster novel applications, further driving business sector development.
The Global Carbon fiber tape Market segmentation is based on Resin, Form, Manufacturing Process, End-User Industry, By Company, and Region.
Government organizations are giving significant examination awards and financing to colleges, research foundations, and enterprises participating in carbon fiber innovation. This monetary help speeds up innovative work endeavors pointed toward further developing assembling processes, diminishing expenses, and finding new applications for carbon fiber tape.
State run administrations are instituting ideal guidelines and principles that work with the reception of carbon fiber tape. By giving clear rules and guidelines, states empower businesses to certainly coordinate carbon fiber tape into their items while guaranteeing wellbeing and quality. Legislatures are putting resources into preparing projects to foster a talented labor force fit for working with cutting-edge materials like carbon fiber. By outfitting laborers with the important mastery, states guarantee that enterprises can actually tackle the capability of carbon fiber tape in their assembling processes.
The outstanding development of the worldwide carbon fiber tape market can be to a great extent credited to the force of joint efforts and organizations that unite different mastery, assets, and development. In the profoundly specific universe of carbon fiber creation, organizations permit members to share assets, offices, and hardware. This lessens the duplication of endeavors and enhances the usage of assets, at last prompting cost investment funds and proficiency gains.
However, the high processing and manufacturing cost of carbon fiber is expected to slow down the growth of the market in the coming years.
Some of the major companies operating in the Global Carbon Fibre Tape Market include:
- Evonik Industries AG
- SGL Carbon SE
- 3M Co.
- Toray Composite Materials America, Inc.
- Arrow Technical Textiles Pvt. Ltd.
- Teijin Carbon Europe GmbH
- Zoltek Corporation
- Hexcel Corporation
- Mitsubishi Chemical Corporation
- SABIC
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“Certain regions, particularly North America, are projected to exert significant demand for carbon fibre tape worldwide. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their carbon fiber tape productivity each year, are expected to contribute to a remarkable growth of the Global Carbon fiber tape Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
Global Carbon Fibre Tape Market By Resin (Epoxy, Polyamide, Bismaleimide, Thermoplastic Resins and Others), By Form (Prepreg Tape and Dry Tape), By Manufacturing Process (Hot Melt Process and Solvent Dip Process), By End-User Industry (Aerospace, Marine, Pipe & Tank, Sporting Goods, Construction & Infrastructure and Others), By Company and By Geography, Forecast & Opportunities, 2023 has evaluated the future growth potential of Global Carbon Fibre Tape Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Carbon Fibre Tape Market.
Table of Content-Carbon Fiber Tape Market
- Product Overview
- Research Methodology
- Executive Summary
- Voice of Customers
4.1. Product Pricing
4.2. Product Quality
4.3. Product After-Sale Services
- Global Carbon Fibre Tape Market Landscape
- Global Carbon Fibre Tape Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Resin (Epoxy, Polyamide, Bismaleimide, Thermoplastic Resin and Others)
6.2.2. By Form (Prepreg Tape and Dry Tape)
6.2.3. By Manufacturing Process (Hot Melt Process and Solvent Dip Process)
6.2.4. By End-User Industry (Aerospace, Marine, Pipe & Tank, Sporting Goods, Construction & Infrastructure and Others)
6.2.5. By Company
6.2.6. By Region
6.3. Market Attractiveness Index
- Asia-Pacific Carbon Fibre Tape Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Resin
7.2.2. By Form
7.2.3. By End-User Industry
7.2.4. By Country
7.3. Market Attractiveness Index
7.4. Asia-Pacific: Country Analysis
7.4.1. China Carbon Fibre Tape Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Resin
7.4.1.2.2. By End-User Industry