Unidirectional (UD) Tapes Market Outlooks 2021: Top Companies, Market Trends, Latest Developments in Manufacturing Technology and Forecasts to 2027 | Reports And Data
Research Reports
Feb 04, 2021
The global Unidirectional Tapes Market is forecast to reach USD 499.0 Million by 2027, according to a new report by Reports and Data. This is estimated to grow at a rapid pace over the forecasted period owing to its increasing demand from industries such as aerospace & defense, automotive, and others. The product consists of endless fibers that are embedded into the thermoplastic or thermoset polymer matrix and are oriented in one direction. Across the globe, industries are implementing techniques to cost-efficiently manufacture parts that have low weight and high mechanical strength. The unidirectional tapes are expected to serve the aims aforementioned and increase demand for various other applications.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Unidirectional (UD) Tapes market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Unidirectional (UD) Tapes business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Unidirectional (UD) Tapes in the coatings and paints are driving the market. The increasing usage of bio-based Unidirectional (UD) Tapes will also supplement Unidirectional (UD) Tapes market revenue share through 2027
Further key findings from the report suggest
Among the end-use industry segment, aerospace and defense are leading the market, and it will continue to dominate the market during the forecasted period owing to the need for technologically advanced and fuel-efficient aircraft.
Among the resin type segment, presently, the thermoplastics unidirectional tape is leading the market with 58.5% of the global revenue, and it will continue to dominate with an estimated CAGR of 13.8% over the forecasted period.
North America is presently leading the market, and it will continue to dominate owing to the presence of major aircraft OEMs and manufacturing units of the aerospace industry.
Across the globe, companies are trying to decrease the effect of global warming and explore the potential of unidirectional tapes to decrease greenhouse gas emissions. The difficulty of recycling glass fiber is a stumbling block, primarily in the automotive and construction sectors, where the pressure to recycle is high.
Competitive Terrain:
The global Unidirectional (UD) Tapes market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Unidirectional (UD) Tapes market are listed below:
Evonik Industries, SABIC, Solvay, Hexcel Corporation, Royal Tencate, SGL Group, Teijin Limited, Celanese Corporation, BASF, and Victrex, among others.
Resin Type Outlook (Revenue, USD Million; 2017-2027)
Thermoplastic UD tapes
Thermoset UD tapes
Fiber Outlook (Revenue, USD Million; 2017-2027)
Glass Fiber
Carbon Fiber
End-User Outlook (Revenue, USD Million; 2017-2027)
Aerospace & Defense
Automotive
Sports & Leisure
Others
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Key Takeaways from the Global Unidirectional (UD) Tapes Market report:
The global Unidirectional (UD) Tapes market report entails a broad product segmentation.
It methodically evaluates the overall product expanse of this business space.
The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.
The report provides the reader with a generic summary of the application gamut of the global Unidirectional (UD) Tapes market.
The report further details the market share and product demand for each application segment.
The study estimates the growth rate of each application segment over the projected timeframe.
Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Unidirectional (UD) Tapes Market Segmentation & Impact Analysis
Chapter 5. Unidirectional (UD) Tapes Market, By Type Insights & Trends
Chapter 6. Unidirectional (UD) Tapes Market, By Application Insights & Trends
Chapter 7. Unidirectional (UD) Tapes Market, By End Use Insights & Trends
Chapter 8. Unidirectional (UD) Tapes Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
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