The global thermoplastic unidirectional tape market is projected to reach $191.7 billion by 2027, at a CAGR of 8.9% during 2021-2027. The growth of thermoplastic unidirectional tape market is driven by 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.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the thermoplastic unidirectional
tape market by end use (aerospace and defense, transportation, sporting goods,
industrial and others), reinforcement type (carbon fiber, glass fiber and
others), manufacturing process (thermoforming, injection molding, prepreg
layup, ATL/AFP, and others), resin type (polypropylene, polymide, polyphenylene
sulfide, polyether ether ketone), and region (North America, Europe, and Asia
Pacific & ROW)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the thermoplastic unidirectional tape market?
Q.4 What are some
changing demands of customers in the thermoplastic unidirectional tape market?
Q.5 What are the new
developments in the thermoplastic unidirectional tape market? Which companies
are leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 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 product
substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this thermoplastic unidirectional
tape market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include continuous
innovation and development of new products and application and mixed scenario:
consolidated as well as new entry.
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Market Segmentation:
Based on end use, the
thermoplastic unidirectional tape market is segmented into aerospace and
defense, transportation, sporting goods, industrial and others. The transportation
segment accounted for the largest share of the market in 2021 and is expected
to register the highest CAGR during the forecast period, due to the increasing
demand for lightweight materials to achieve higher fuel efficiency and reusable
and recyclable materials for environmental benefits.
North America is
expected to remain the largest market by value and volume and it is also
expected to witness the highest growth over the forecast period because of
rising penetration of thermoplastic unidirectional tape in major end use
industries.
Key Players in the
thermoplastic unidirectional tape market are Cytec Solvay Group, QIVI
Technology, Polystrand (polyone), Tencate Advance Composites, Toho Tenax,
SABIC, and SGL Group.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/thermoplastic-unidirectional-tape-market.aspx.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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