According to
a new market report published by Lucintel, the future of the thermoplastic
unidirectional tape market looks attractive with opportunities in the aerospace
& defense, transportation, sporting goods, industrial, and other industries.
The thermoplastic unidirectional tape market is expected to grow at a CAGR of
8.9% from 2018 to 2023. The major growth driver for this market is 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.
In this market, aerospace & defense,
transportation, sporting goods, and industrial are the major end use
industries. Lucintel forecasts that the transportation will remain the largest
end use industry by volume, and it will also witness the highest growth during
the forecast period. Increasing demand for lightweight materials to achieve
higher fuel efficiency and reusable and recyclable materials for environmental
benefits are driving growth for this segment over the forecast period.
By reinforcement
type, glass fiber based UD tape is expected to remain the largest segment, and
carbon fiber is likely to witness the highest growth in the forecast period supported
by increasing usage of lightweight materials in aircraft components.
By resin type,
PEEK resin based UD tape is expected to remain the largest segment by value and
to witness the highest growth over the forecast period due to its growing use in
the aerospace and defense industry.
North America is expected to remain the largest
market by value and volume and to witness the highest growth over the forecast
period because of rising penetration of thermoplastic unidirectional tape in
major end use industries.
Emerging trends, which have a direct impact
on the dynamics of the industry, include the continuous innovation and
development of new products and applications. Cytec Solvay Group, QIYI
Technology, Polystrand (Polyone), TenCate, Toho Tenax, and Celanese are the
major companies in the global thermoplastic
unidirectional tape market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed the global thermoplastic unidirectional tape market
by end use industry, reinforcement type, resin type, and region, and has compiled a comprehensive
research report entitled “Growth
Opportunities in the Global Thermoplastic Unidirectional Tape Market 2018-2023:
Trends, Forecast and Opportunity Analysis.” The Lucintel report
serves as a spring board for growth strategy as it provides a comprehensive
data and analysis on trends, key drivers, and directions. The study includes a
forecast of the global thermoplastic unidirectional tape market by end use
industry, reinforcement type, resin type, and region as follows:
By End Use Industry [Volume (M lbs) and Value
($ Million) from 2012 to 2023]:
- Aerospace & Defense
- Transportation
- Industrial
- Sporting Goods
- Others
By Reinforcement Type [Volume (M lbs) and Value
($ Million) from 2012 to 2023]:
- Glass Fiber
- Carbon Fiber
- Other
By Resin Type [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:
- Polyether- Ether-Ketone (PEEK)
- Polyamide (PA)
- Polypropylene (PP)
- Polyphenylene Sulfide (PPS)
- Others
By Region [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:
- North America
- Europe
- Asia Pacific & The Rest of the World
This
130-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis.
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.
This
report answers following 10 key questions:
Q. 1. How big are the opportunities for the
global thermoplastic unidirectional tape market by end use industry (aerospace
& defense, transportation, sporting goods, industrial, and others), by
reinforcement type (glass fiber, carbon fiber, and others), by resin type (PEEK,
PA, PP, PPS, and others), and region (North America, Europe, and Asia Pacific and
the Rest of the World)?
Q. 2. Which segments will grow at a faster
pace and why?
Q. 3. Which region will grow at a faster pace
and why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this market?
What strategic initiatives are being taken by key companies for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q. 11. What M&A activity has occurred in
the last five years and what has its impact been on the industry?
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