The thermoplastic unidirectional tape market is expected to grow at a CAGR of 8.9% from 2018 to 2023
NEW YORK, August 21, 2018 /PRNewswire/ -- Trends, opportunities and forecast in thermoplastic unidirectional tape market to 2023 by end use industry (aerospace & defense, transportation, sporting goods, industrial, and others), by reinforcement type (glass fiber, carbon fiber, and others), by resin type (PEEK, PA, PP, PPS, and others), and region (North America, Europe, and Asia Pacific and the Rest of the World)
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The future of the thermoplastic unidirectional tape market looks attractive with opportunities in the aerospace & defense, transportation, sporting goods, industrial, and other industries. The thermoplastic unidirectional tape market is expected to grow at a CAGR of 8.9% from 2018 to 2023. The major growth driver for this market is increasing use of thermoplastic composites because it offers recyclability and processing benefits, such as ability to remold, shorter cycle time, and no emission of volatile matter.
Emerging trends, which have a direct impact on the dynamics of the industry, include the continuous innovation and development of new products and applications.
UD tape by product
UD tape trends
UD Tape companies
The study includes the thermoplastic unidirectional tape market size and forecast of the global thermoplastic unidirectional tape market through 2023, segmented by end use industry, reinforcement type, resin type, and region as follows:
Thermoplastic Unidirectional Tape Market by End Use Industry [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:
Aerospace & Defense Transportation Industrial Sporting Goods Others
Thermoplastic Unidirectional Tape Market by Reinforcement Type [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:
Glass Fiber Carbon Fiber Other
Thermoplastic Unidirectional Tape Market by Resin Type [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:
Polyether- Ether-Ketone (PEEK) Polyamide (PA) Polypropylene (PP) Polyphenylene Sulfide (PPS) Others
Thermoplastic Unidirectional Tape Market by Region [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:
North America Europe Asia Pacific & The Rest of the World
Some of the thermoplastic unidirectional tape companies profiled in this report include Cytec Solvay Group, QIYI Technology, Polystrand (Polyone), TenCate, Toho Tenax, and Celanese and others.
Lucintel forecasts that the transportation will remain the largest end use industry by volume, and it will also witness the highest growth during the forecast period. Increasing demand for lightweight materials to achieve higher fuel efficiency and reusable and recyclable materials for environmental benefits are driving growth for this segment over the forecast period.
By reinforcement type, glass fiber based UD tape is expected to remain the largest segment, and carbon fiber is likely to witness the highest growth in the forecast period supported by increasing usage of lightweight materials in aircraft components.
North America is expected to remain the largest market by value and volume and to witness the highest growth over the forecast period because of rising penetration of thermoplastic unidirectional tape in major end use industries.
Some of the features of "Growth Opportunities in the Global Thermoplastic Unidirectional Tape Market" include:
Market size estimates: Global thermoplastic unidirectional tape market size estimation in terms of value ($M) and volume (M Lbs) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
Segmentation analysis: Global thermoplastic unidirectional tape market size by various applications such as end use industry, reinforcement, and resin in terms of value and volume shipment.
Regional analysis: Global thermoplastic unidirectional tape market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of thermoplastic unidirectional tape in the thermoplastic unidirectional tape market.
Strategic analysis: This includes M&A, new product development, and competitive landscape of thermoplastic unidirectional tape in the thermoplastic unidirectional tape market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers following 10 key questions:
Q.1. How big are the opportunities for the global thermoplastic unidirectional tape market by end use industry (aerospace & defense, transportation, sporting goods, industrial, and others), by reinforcement type (glass fiber, carbon fiber, and others), by resin type (PEEK, PA, PP, PPS, and others), and region (North America, Europe, and Asia Pacific and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the thermoplastic unidirectional tape market?
Q.5. What are the business risks and threats to the thermoplastic unidirectional tape market?
Q.6 What are emerging trends in this thermoplastic unidirectional tape market and the reasons behind them?
Q.7 What are some changing demands of customers in the thermoplastic unidirectional tape market?
Q.8. What are the new developments in the thermoplastic unidirectional tape market and which companies are leading these developments?
Q.9. Who are the major players in this thermoplastic unidirectional tape market? What strategic initiatives are being taken by key companies for business growth?
Q.10 What are some of the competitive products and processes in this thermoplastic unidirectional tape area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the thermoplastic unidirectional tape industry?
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