Stratview Research has published a new report on the Unidirectional (UD) Tapes Market and bifurcated the market by Fiber Type (Carbon Fiber UD Tape, Glass Fiber UD Tape, and Other UD Tapes), by Resin Type (Thermoset UD Tape and Thermoplastic UD Tape), by End-Use Industry Type (Aerospace & Defense, Automotive, Consumer Goods, Wind Energy, Oil & Gas, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report, the UD tape market is expected to move parallelly with the aerospace industry’s trajectory as the industry holds the lion’s share of the market. Our estimates suggest that the market is likely to take a nose-dive in 2020, followed by a steady path towards recovery in the next five years to reach an estimated value of US$ 3.1 billion in 2026.
What are the factors that drives the Unidirectional (UD) Tapes Market?
UD tapes’ inherent set of benefits over competing metals such as steel, aluminum, and composite materials (compounds, fabric prepregs, etc.) are one of the key factors contributing to the long-term growth of the market. The changing market dynamics of each industry with perpetual demand for lightweight, durable, and high-performing materials may further reinforce the demand for UD tapes.
What is UD tape?
UD tapes are composed of endless fibers that are orientated in one direction impregnated with a polymer resin matrix. The number of layers depends upon the rigidity and strength required for the component. UD tapes offer a significant reduction in weight and also help various industries (aerospace and automotive) to reduce carbon emissions. UD tape is made by impregnating carbon fiber, glass fiber, aramid fiber, or natural fiber stacked together in one direction, with a thermoset or thermoplastic resin.
How does the report help?
The reports provided by Stratview Research are a comprehensive analysis of the market potential in various industry applications. The researchers and analysts study the market minutely and focus on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.
- This report helps the users in understanding the strategies adopted by various key players across the globe, for the growth of the Unidirectional (UD) Tapes Market.
- The report studies the market conditions across all geographic regions and the data compiled here in the report are comprehensively analyzed.
- The drivers and restraints of this market are systematically analyzed so that the user could make use of every particular driver/opportunity related to the market.
- The report highlights the value chain analysis that offers key insights to the stake holders of this market.
Segment-Wise market Analysis
Based on the end-use industry type, Stratview Research has segmented the market as aerospace & defense, wind energy, consumer goods, automotive, oil & gas, and others. Aerospace & defense is anticipated to be preponderant in the market in the years to come. Despite taking a huge plunge in 2020, the segment’s market is expected to redeem itself with the fastest recuperation during the forecast period. With the growing penetration of composite materials in the aerospace & defense industry, 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 for such manufacturing processes.
Based on fiber type, the market is segmented into carbon fiber prepreg, glass fiber prepreg, and other prepregs. Carbon fiber UD tape is likely to remain the growth engine of the market during the forecast period. Aerospace & defense, automotive, consumer goods, and wind energy are likely to remain the major markets for carbon fiber UD tapes in years to come; however, aerospace & defense to remain the biggest market. Both thermoset and thermoplastics are gaining momentum in carbon fiber UD tape.
In terms of region, North America is projected to remain the largest market 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 tape, not only in North America but also in the world. The country is the largest market for UD tapes in the aerospace & defense industry.
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