Global carbon fibre tape market is expected to reach USD 4.28 billion by 2027 growing at a growth rate of 11.12% in the forecast period of 2020 to 2027. The carbon fibre tape market analyses the growth of the market with increased aircraft components owing to its superior properties such as abrasion, high stiffness and strength.
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Within its comprehensive market overview, this Carbon Fibre Tape Market report dissects market drivers, restraints, opportunities, and challenges, offering invaluable insights that empower businesses to make informed decisions. Tailored to cater to customer requirements, this report becomes an invaluable tool in enhancing return on investment (ROI) for businesses. The estimations of Compound Annual Growth Rate (CAGR) values play a pivotal role, aiding businesses in strategic investment planning over the specified period. This Carbon Fibre Tape Market research report doesn't just scratch the surface; it conducts a systematic and comprehensive study, presenting factual and statistical insights pertinent to various facets within the marketing domain.
Overview of Carbon Fibre Tape Market:
The global carbon fiber tape market is expected to reach $4.28 billion by 2027, driven by demand for lightweight, high-strength materials in sectors like aerospace. Epoxy resin and prepreg tapes are dominant due to their performance, while applications like aircraft components and automotive composites are fueling growth. Though North America currently leads the market, Asia-Pacific is expected to see a surge.
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Dynamics Growth Drivers and Scope of Carbon Fibre Tape Market
Growth Drivers:
The growing demand for carbon fibre tape for applications such as aircraft structure, automotive composites is expected to drive the carbon fibre tape market growth in the forecast period 2020 to 2027. With the introduction of high yield and low-cost precursors for producing carbon fibre tape, the market is augmenting the growth in the forecasted period.
Scope:
Global carbon fibre tape market is segmented on the basis of resin, by form, by manufacturing process and by end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Regional Analysis/Insights of Carbon Fibre Tape Market:
North America dominates the market due to the large market share of the U.S. in carbon fibre tape market due to the rising demand of the lightweight materials and availability of low interest rates on carbon fibre material.
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The major companies which are dealing in the Carbon Fibre Tape Market:
The major players covered in the report are Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites, Inc., SABIC, TEIJIN LIMITED., Solvay, ZOLTEK, SGL Carbon, Evonik Industries AG, Plastic Reinforcement Fabrics Ltd, TCR Composites, Chomarat NA, Celanese Corporation, Cristex, Eurocarbon B.V., among other players domestic and global. Market share data is available for Global, North America, Europe, Asia-Pacific, Middle East and Africa, and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Carbon Fibre Tape Market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants
Segmentation of Carbon Fibre Tape Market:
By Resin (Epoxy, Polyamide, Bismaleimide, Thermoplastic Resin, Other Resins), By Form (Prepreg Tape, Dry Tape), By Manufacturing Process (Hot Melt Process, Solvent Dip Process), By End-user (Aerospace, Marine, Pipe & Tank, Sporting Goods, Construction & Infrastructure, Others), By Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa)
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