Carbon Fiber Tape Market: Size, Share, Latest Trend, Growth Rate Report, Opportunity Analysis & Key Drivers
Carbon fiber tapes are defined as the reinforcement tapes which consists of thousands of parallel carbon fibers lightly bound together. These are utilized to manufacture aircraft for better performance, to reduce fuel consumption, and to reduce weight. These tapes provide various superior properties including high strength, high stiffness, and high abrasion.
The increase in demand for carbon fiber tapes across
various end use industries including medical, aerospace, and pipe & tank is
a key driving factor which expected to propel the global carbon fiber tapes
market growth over the forecast period. Furthermore,
the rise in demand of these tapes from
wind energy & sporting goods industries is another driving factor which
expected to drive the growth of global carbon fiber tapes market.
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Also, the growing use of carbon fiber tape for
manufacturing various aircraft parts will positively influence the market
growth. Moreover, the increase in the use of lightweight vehicles will support
the market growth. In addition, the growing demand for electric vehicles across
the globe which expected to fuel the global carbon fiber tape market growth
during this forecast timeline.
High processing & manufacturing cost is a major
restraint which expected to hamper the global carbon fiber tape market growth
during this forecast timeframe.
Market
Segmentation
The Global Carbon Fiber Tape Market is
segmented into form such as Dry tapes, and Prepreg Tapes. Further, market is
segmented into end use such as Automotive, Aerospace & Defense, Sports
& Leisure, and Others.
Also, the Global Carbon Fiber Tape
Market is segmented into five regions such as North America, Latin
America, Europe, Asia Pacific, and Middle East & Africa.
Market
Key Players
Various key players are discussed in this
report such as BASF SE, Evonik Industries, Hexcel, Solvay S.A., SABIC, SGL
Carbon, Victrex, Cristex Composite Materials, Eurocarbon B.V., etc.
Market
Taxonomy
By
Form
·
Dry Tapes
·
Prepreg Tapes
By
End Use
·
Automotive
·
Aerospace & Defense
·
Sports & Leisure
·
Others
By
Region
·
North America
·
Latin America
·
Europe
·
Asia Pacific
·
Middle East & Africa
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