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Carbon Fiber Tape Market by Form Type, End-use Industry, Region - Global Forecast to 2022

Carbon Fiber Tape Market: Global Forecast until 2022

  • August 2017
  • 145 pages
  • ID: 5069840
In this report:
The carbon fiber tape market size in Taiwan, in terms of volume, was ##.## tons in 2016 and is expected to reach ##.## tons by 2022, growing at a CAGR of ##.##% from 2017 to 2022.
The consumption of carbon fiber tape in Mexico was ##.## tons in 2016 and is expected to reach ##.## tons by 2022, growing at a CAGR of ##.##% between 2017 and 2022.

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"Growing demand for advanced materials including carbon fiber tapes from the aerospace sector is predicted to push the carbon fiber tape market"

The overall carbon fiber tape market is estimated to grow ~$2.5B by 2022, at a compound annual growth rate of ~11.9 percent between 2017 and 2022. The main driver fueling the rise of the carbon fiber tape market is its growing use in primary and secondary aircraft structures. The rising use of multifunctional carbon fiber tapes in the automotive sector is also driving the carbon fiber tape market. High processing and manufacturing cost of carbon fiber is the main restraint of the market.

"Aerospace is the quickest-increasing segment of the carbon fiber tape market"

Carbon fiber tapes are being used to manufacture aircraft of reduced weight for better performance and to reduce the fuel consumption. Most common aircraft parts where carbon fiber tape is used are wing spars, wing skins, fuselage skin, access panels, rib stiffeners, brackets, conduit, and flooring. The use of these tapes is heavily growing in the aircraft wings. For example, MS-21 single aisle aircraft domestically build by Russian aircraft manufacturer, Irkut Corporation has its wings and wing box completely build of carbon fiber tapes. The superior properties specified by the carbon fiber tapes including high strength, high stiffness, and high abrasion are rising its use in aircraft. Many of the top market actors are responding to the needs and expectations of the aircraft Original Equipment Manufacturers, system suppliers, and clients. The use of carbon fiber tape is also growing in the repairing purposes of the aircraft.

"North America continent is the biggest and quickest-rising market for carbon fiber tape"

North America (NA) is the quickest developing market for carbon fiber tape, in terms of value importance. High economic increase rate, increasing manufacturing sectors, rising carbon fiber tape patents, new industry product developments, and presence of big number of main carbon fiber tape manufacturers are few factors leading to the increase of the carbon fiber tape market in this area.

The USA leads the industry for carbon fiber tape in North America continent. Its consumption of carbon fiber tapes has grown exceptionally in aerospace, marine, pipe & tank, and sporting goods markets and is anticipated to witness quick increase in the upcoming future.

This analysis has been approved through primaries managed with different market experts, globally. Those primary sources have been split into three class: by company category, by description, and by area.

• By type of company- tier 1 35.0 percent, Tier 2 25.0 percent, and Tier 3 40.0 percent

• By designation- C Level- 30.0 percent, Director Level- 25.0 percent, and Others- 35.0 percent

• By region- North america (NA)- 30%, Asia Pacific- 30.0 percent, EU- 25.0 percent, ME&A - 10.0 percent, and South America region - 5.0 percent

• Evonik Sectors

• Solvay

• Saudi Basic Industries Corporation

Segment Research

This business report includes the carbon fiber tape market based on end-use sector, form type, and area. It aims at evaluating the market value and upcoming increase potential across the above-mentioned segments. Moreover, the industry report also comprises an detailed competitive study of main actors in the sector, together with company descriptions, DIVE review, recent evolutions, and top increase strategies.

Why acquiring this study can help you

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the carbon fiber tape market comprehensively and offers the best approximations of the revenue data for the global market and the subsegments across the distinct verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners better comprehend the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, and new industry product developments.

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