Carbon Fiber Tape Market Surges: Anticipated Worth of $4.4 Billion by 2027| MarketsandMarkets™

 Breaking News
  • No posts were found

Carbon Fiber Tape Market Surges: Anticipated Worth of $4.4 Billion by 2027| MarketsandMarkets™

December 08
22:39 2023
Carbon Fiber Tape Market Surges: Anticipated Worth of $4.4 Billion by 2027| MarketsandMarkets™
Browse 130 market data Tables and 55 Figures spread through 180 Pages and in-depth TOC on “Carbon Fiber Tape Market”
Carbon Fiber Tape Market by Form (Prepreg Tape, Dry Tape), Resin (Epoxy, Thermoplastic, Polyamide), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace, Marine, Pipe & Tank, Sporting Goods), and Region – Global Forecast to 2027

The global carbon fiber tape market size is expected to reach USD 4.4 billion by 2027, at a compound annual growth rate (CAGR) of 13.0% during the forecast period. Carbon fiber tape is flat material made by carbon fiber and for a given strength it weighs about one-seventh of the steel. Carbon fiber tape is used for sleeve winding, lap joining, repairs of cracks and selective reinforcement of carbon fiber fabrication in a variety of end-use industries, including aerospace & defense, marine, pipe & tank, construction & infrastructure, and sporting goods. Increasing demand from these end-use industries is driving the market.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=148110416 

Companies operating in the carbon fiber tape market have strengthened their position in the global carbon fiber tape market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions from 2018-2022. For instance, in April 2018, Solvay launched Evolite F1050, a high-performance PVDF carbon fiber composite tape for demanding oil & gas applications.  However, the novel coronavirus pandemic has created ripples across the global aerospace, marine, pipe & tanks, and many other sectors, affecting the global supply chains. This factor have affected the demand for carbon fiber tape. The demand is expected to recover bounce and picking up momentum by 2022.

Major market players in carbon fiber tape market are Toray Industries, Inc. (Japan), Mitsubishi Chemical Holdings (Japan), Evonik Industries (Germany), Zoltek (US), Hexcel Corporation (US), Teijin Limited (Japan), SGL Group (Germany), SABIC (Saudi Arabia), Royal DSM (Netherlands), and Solvay (Belgium).

Toray Industries Inc. and Hexcel Corporation are the major companies operating in the carbon fiber tape market, who have adopted the maximum number of growth strategies between 2018 and 2022. Toray Industries Inc. is one of the major manufacturers of carbon fiber tape for use in different end-use industries such as aerospace and marine, among others. The company accounted for a major share of all the developmental activities that took place in the carbon fiber tape market between 2018 and 2022. The company follows dynamic growth strategies, especially acquisitions, expansions, and joint ventures to strengthen its product portfolio and geographical presence. For instance, In February 2019, Teijin acquired Renegade Materials Corporation, a supplier of highly heat-resistant thermoset prepreg for the aerospace industry in North America. This helped the company solidify its position as a leading provider of solutions for aerospace applications.

Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=148110416  

Hexcel Corporation is one of the prominent players in the carbon fiber tape market. It primarily serves various end-use industries such as aerospace and pipes & tanks, among others. The company has adopted the strategies of mergers and acquisition between 2018 and 2022 to enhance its position in the carbon fiber tape market. For instance, In January 2020, Hexcel collaborated with Madshus, a leading innovator in the world of cross-country skiing. The company provides Madshus with three different Hi Tape products based on specific design parameters of different cross-country ski types. Hexcel’s new HiTape dry carbon tapes improve the performance, manufacturing efficiency, and surface finish of Madshus’ skis.  This strategy has helped the company increase its revenue through carbon fiber tape products and sustain in the market.

Read Our Trending Press Release Below:

Polyolefin Pipes Market – Global Forecast to 2026

Self-Adhesive Labels Market – Global Forecast to 2026

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/carbon-fiber-tape-market-148110416.html

Related Articles

Categories