Carbon Tape Market Expected to Grow at a CAGR of 4.5%

NEWARK, Del, Aug. 08, 2022 (GLOBE NEWSWIRE) — The global carbon tape market is expected to reach a valuation of US$35.8 billion in 2022. With sales growing at a CAGR of 4.5% over the assessment period, with the market reaching US$55.7 billion by 2032.

Carbon strips are strips of flat material made from high strength carbon fibers. Carbon strips are appreciated for their resistance. It weighs about 1/7th as much as steel in terms of strength. These strips last longer than conventional cable. In addition to this, they offer wear and abrasion resistance properties.

Carbon strips are used in various end-use industries such as aerospace and defense, automotive, marine, building and construction, and sporting goods. The demand for highly durable and strong tapes in various end-use industries will increase the sales in the market.

Growing demand for high temperature tolerance packaging solutions in automotive and other industries is expected to drive carbon tape sales. The increasing adoption of carbon fiber in the aerospace industry will create opportunities for growth. Carbon fiber helps save cost and energy. Overall, the benefits offered by carbon fiber ribbons are expected to drive the demand for carbon ribbons over the forecast period.

The growing use of carbon strips in the building and construction sector, along with the strong preference for durable and high-strength reinforcement solutions, will drive the sales in the market during the forecast period,” states IMF analyst.

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Key points to remember:

  • Based on resin, epoxy carbon strip sales will increase 1.6 times by 2032.
  • By its form, the segment of prepreg tapes will represent a dominant part of the market.
  • In. In terms of application, demand in the aerospace and defense segment will account for 41% of the total market share in 2022.
  • Sales in the Japanese carbon strip market will gain momentum at a CAGR of 5.4% over the assessment period.
  • The Indian carbon tape market will create an additional opportunity of US$2.6 billion during the forecast period.
  • North America and Europe will collectively represent a dominant share of the market.

Competition Landscape

Major players operating in the carbon tape market are Techinstro, Ted Pella, Inc., MBK Tape Solutions, Nanoshel LLC, Fabtech Systems, LLC, Euro Tapes Private Limited, Cevotec GmbH, Hexcel Corporation, Teijin Carbon Europe GmbH. and Sabic Corporation. . Some of the other notable players in the market are Zoltek, Victrex plc, TORAY INDUSTRIES, INC., Solvay, SILTEX, SGL Carbon, TCR Composites, Inc. and others.

Carbon strips Market Report

Future Market Insights in its new report offers an unbiased analysis of the global Carbon Tape market, analyzing the historical demand from 2015-2021 and forecast statistics from 2022-2032. The study reveals market growth projections for carbon tapes based on resin (epoxy, thermoplastic, and polyamide), form (prepreg tape and dry tapes), and end-use (aerospace and defense, automotive, marine, building and construction and sporting goods) across seven regions.

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Carbon Tape Market by Category

Resin:

  • Epoxy
  • Thermoplastic
  • Polyamide

Form:

End use:

  • Aeronautics & Defense
  • Automotive
  • Marine
  • Building construction
  • Sport stuff

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East and Africa
  • Oceania

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Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Impact of Covid-19

3.2.1. Demand in the optimistic scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in the conservative scenario

3.3. Macro factors and forecast factors

3.4. Value chain analysis

3.4.1. Profit Margin Analysis

3.4.2. Raw Resin Suppliers

3.4.3. Manufacturers, wholesalers and distributors

3.4.4. End users/ Customers

3.5. Regional Parent Market Outlook

3.6. Production and consumption statistics

3.7. Comparative analysis of world average prices

4. Global Carbon Tape Market Analysis 2015-2021 and Forecast, 2022-2032

4.1. Historical Analysis of Market Size (US$ Million) and Volume (Square Meters) Value, 2015-2021

4.2. Current and future value projections of market size (million US$) and volume (square meters), 2022-2032

4.2.1. Analysis of annual growth trends

4.2.2. Analysis of opportunities in absolute dollars

TOC Continued…!

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