$3.9 Billion Unidirectional (UD) Tapes Market by Fiber Type, Resin Type, End-Use Industry Type and by Region: 2020-2025

DUBLIN, Feb. 28, 2020 /PRNewswire/ -- The "Unidirectional (UD) Tapes Market by Fiber Type, by Resin Type, by End-Use Industry Type and by Region - Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025" report has been added to ResearchAndMarkets.com's offering.

This report estimates suggest that the market is set to grow at an excellent CAGR of 6.1% over the next five years to reach an estimated value of US$ 3.9 billion in 2025.

The report estimates the current and future demand for UD tapes at the global, regional, and country-level. The report also studies all the major suppliers of UD tapes across the globe. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market /as well as to formulate the growth strategies in order to expedite their growth process.

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The Unidirectional Tapes Market: Highlights

Over the decades, thermoset UD tapes are more widely used across various industries, as they are cheaper, highly reactive and have ease of impregnation. High usage of carbon fiber/epoxy composites in the aerospace industry owing to their lightweight, high strength and modulus, and excellent fatigue performance; is also one of the major factors behind the dominance of thermoset UD tapes in the market. Thermoset UD tapes are widely used for making primary aerostructures such as fuselage and wings of the next-generation aircraft programs as they offer maximum strength and stiffness in one direction which is the desired property for large structures. In recent years, thermoplastic UD tapes are gaining traction in a wide array of applications as they offer higher toughness, high chemical resistance, easier & quicker in consolidation, quick cycle time, recyclability, and unlimited shelf life.

Increasing production rates of composites-rich aircraft programs (B787 and A350XWB) coupled with the development of fuel-efficient variants of the best-selling aircraft programs (A320neo, B737 Max, B777x, A330neo, E-2 jet, etc.) is propelling the demand for composite materials in the aerospace industry. With the increasing demand for composite materials, there has been a greater urge for automation in the manufacturing processes in order to address the increasing demand. AFP and ATL processes are such technologies that can lay prepreg materials at a much faster rate than laying prepreg materials manually and have been efficacious in gaining consequential shares in the aerospace prepreg market. UD tapes (slit and UD tape) are the materials of choice of such manufacturing processes.

Similarly, increasing demand for energy with a high focus on renewables is giving another impetus to the demand for UD tapes. Wind energy has been one of the most talked renewable energy sources. Governments of all the major economies are investing heavily by setting wind energy targets, assuring a sustainable demand for composite materials. Furthermore, wind turbine manufacturers are developing wind turbines with higher MW capacity for which they have been increasing the wind turbine blade length. The role of UD tape is pivotal in developing large-size blades at a lower weight. UD tapes are increasingly preferred in crucial blade sections, such as spar cap.

On the basis of the end-use industry type, the UD tapes market is segmented into, aerospace & defense, automotive, consumer goods, wind energy, oil & gas, and others. Aerospace & defense is expected to remain the dominant segment, whereas automotive is expected to witness the highest growth during the forecast period. UD tapes have witnessed an increased penetration in various sections of an aircraft, such as in wings, fuselage, clips, clits, brackets, and profiles. Airbus anticipated that 39,210 new passenger and freight aircraft will be needed over the next 20 years (38,360 passenger aircraft and 850 freighter aircraft) during 2019-2038. Increasing demand for aircraft in emerging economies and continuous increase in global military expenditure are the major growth drivers.

In terms of region, North America is projected to remain the largest market for UD tapes during the forecast period. North America is the largest manufacturing hub of the aerospace industry, backed up by Boeing, Airbus, Lockheed Martin Corporation, and Gulfstream Aerospace Corporation. The USA is estimated to remain the biggest demand generator of UD tapes not only in North America but also in the world. The country is the largest market for UD tapes in the aerospace & defense industry, marine, construction, and other end-use industries.

Asia-Pacific is projected to be the fastest-growing market for UD tapes during the forecast period. Upcoming commercial and regional aircraft, such as C919 and MRJ, the opening of assembly plants in China by Boeing and Airbus, and opening of assembly plants of automotive OEMs in the region are the major growth drivers of the UD tapes market in the region.

Key Topics Covered:

1. Executive Summary

2. Unidirectional Tapes Market Overview and Segmentation
2.1. Introduction
2.2. Unidirectional Tapes Market Segmentation
2.2.1. By Fiber Type
2.2.2. By Resin Type
2.2.3. By End-Use Industry Type
2.2.4. By Region
2.3. Supply Chain Analysis
2.4. Industry Life Cycle Analysis
2.5. PEST Analysis
2.6. SWOT Analysis

3. Unidirectional Tapes Market Assessment
3.1. Insights
3.2. Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
3.3. Profitability Analysis
3.4. Market Segments' Analysis (US$ Million and Million Lbs.)
3.5. Regional and Country-Level Analysis (US$ Million and Million Lbs.)
3.6. Market Drivers
3.7. Market Challenges

4. Competitive Analysis
4.1. Insights
4.2. Product Portfolio Analysis
4.3. Geographical Presence
4.4. New Product Launches
4.5. Strategic Alliances
4.6. Market Share Analysis
4.7. Porter's Five Forces Analysis

5. Unidirectional Tapes Market Trend and Forecast by Fiber Type (2014-2025)
5.1. Insights
5.2. Carbon Fiber UD Tape: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.3. Glass Fiber UD Tape: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.4. Other UD Tapes: Regional Trend and Forecast (US$ Million and Million Lbs.)

6. Unidirectional Tapes Market Trend and Forecast by Resin Type (2014-2025)
6.1. Insights
6.2. Thermoset UD Tape: Regional Trend and Forecast (US$ Million and Million Lbs.)
6.3. Thermoplastic UD Tape: Regional Trend and Forecast (US$ Million and Million Lbs.)

7. Unidirectional Tapes Market Trend and Forecast by End-Use Industry Type (2014-2025)
7.1. Insights
7.2. Aerospace & Defense: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.3. Automotive: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.4. Consumer Goods: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.5. Wind Energy: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.6. Oil & Gas: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.7. Others: Regional Trend and Forecast (US$ Million and Million Lbs.)

8. Unidirectional Tapes Market Trend and Forecast by Region (2014-2025)
8.1. Insights
8.2. North American Unidirectional Tapes Market Analysis
8.2.1. Country Analysis: Trend and Forecast (US$ Million and Million Lbs.)
8.2.1.1. The USA's Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.2.1.2. Canadian Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.2.1.3. Mexican Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.3. European Unidirectional Tapes Market Analysis
8.3.1. Country Analysis: Trend and Forecast (US$ Million and Million Lbs.)
8.3.1.1. German Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.3.1.2. French Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.3.1.3. The UK's Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.3.1.4. Russian Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.3.1.5. RoE's Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.4. Asia-Pacific's Unidirectional Tapes Market Analysis
8.4.1. Country Analysis: Trend and Forecast (US$ Million and Million Lbs.)
8.4.1.1. Chinese Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.4.1.2. Japanese Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.4.1.3. Indian Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.4.1.4. RoAP's Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.5. Rest of the World's (RoW) Unidirectional Tapes Market Analysis
8.5.1. Sub-Region Analysis: Trend and Forecast (US$ Million and Million Lbs.)
8.5.1.1. Latin American Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.5.1.2. The Middle Eastern Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)
8.5.1.3. Others' Unidirectional Tapes Market Trend and Forecast (US$ Million and Million Lbs.)

9. Strategic Growth Opportunities
9.1. Insights
9.2. Market Attractiveness Analysis
9.2.1. Market Attractiveness by Fiber Type
9.2.2. Market Attractiveness by Resin Type
9.2.3. Market Attractiveness by End-Use Industry Type
9.2.4. Market Attractiveness by Region
9.2.5. Market Attractiveness by Country
9.3. Emerging Trends
9.4. Growth Matrix Analysis
9.5. Key Success Factors (KSFs)

10. Company Profile of Key Players (Profiling, Financial Information, Competition, Strategies, etc.)
10.1. BASF SE
10.2. CELANESE CORPORATION
10.3. Evonik Industries AG
10.4. Hexcel Corporation
10.5. Mitsubishi Chemical Carbon Fiber and Composites, Inc.
10.6. SABIC
10.7. SGL Carbon SE
10.8. Solvay S.A.
10.9. TEIJIN LIMITED
10.10. Toray Industries, Ltd.

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