Carbon Fiber Tape Market Overview
Carbon Fiber Tape Market size is
forecast to reach $3.48 billion by 2025, after growing at a CAGR of 11.4% during
2020-2025. The carbon fiber tape market is expected to grow at a significant rate due to its utilization in aircraft
components owing to its superior properties such as high stiffness, abrasion,
and strength. The rising demand for the carbon fiber tape in the manufacturing
of aircraft structures including wing skins, wing spars, and access panels are
likely to upsurge the market growth over the forecast period.
Report Coverage
The report: “Carbon Fiber Tape Market – Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Carbon Fiber Tape Industry.
Key Takeaways
- North America dominates the Carbon Fiber Tape market owing to presence of major aircraft manufacturers as well as well-established aerospace industry.
- Trend in automotive industry to reduce the weight of vehicle is boosting the growth of carbon fiber tape.
- The presence of established players, low cost, and stringent environmental regulations emphasizing on the use of lightweight composite materials are expected to drive the market.
Form - Segment Analysis
Prepreg held the largest share in
the Carbon Fiber Tape market in 2019. Prepreg is the reinforcing fabric which
has been pre-impregnated with a resin system. This resin system already
includes the proper curing agent. The numerous advantages of prepreg such as
its mechanical properties makes it more beneficial than using traditional hand
layup. Nevertheless, to prevent being poisoned at room temperature, these tapes
must be kept at about minus 20-degree Celsius.
Resin – Segment Analysis
Epoxy resin based tapes are likely
to gain high market demand owing to its properties including high heat
resistance, excellent electrical and mechanical properties. Epoxy offers
improved adhesion, physical properties and high thickness. Also, it has fast
curing time compared to other thermoset resins, which makes it the preferred
choice among the end-use industries.
End Use - Segment Analysis
Aerospace Industry accounts for the
highest market share in the global market. The growth of carbon fiber tape in
aerospace industry is anticipated due to trend of lightweight, strong and stiff
materials in the aerospace industry. Currently, almost every aircraft is
utilizing carbon reinforced materials including tapes in order to gain high
strength and light weight which helps in operational activities. Rising
investments in the aerospace and defense industry is expected to propel the
industry growth. The evolving production technologies in the aerospace industry
will further enhance the carbon fiber tape market.
Geography - Segment Analysis
North America dominated the Carbon Fiber Tape market with
a share of more than 40%, followed by Europe and Asia Pacific. Increasing
utilization of high strength lightweight materials from the aerospace industry
and presence of major players in North America is augmenting the market.
According to International Trade Administration, in 2018, the industry
contributed $151 billion in export sales to the U.S. economy. Investors in the
U.S. aerospace industry are encouraged by the "gold standard" for
aviation safety from the Federal Aviation Administration (FAA), which raises
worldwide trust in the safety of aircraft and aircraft parts manufactured in
the U.S.
Carbon Fiber Tape Market Drivers
The growing Aerospace industry will fuel the Carbon Fiber Tape market
The aerospace industry is expected to be the worldwide carbon fiber tape market's fastest growing segment. This can be due to the increasing need for flexible materials that are stronger, stiffer, lighter, and damaging. The use of carbon fiber tapes is structurally and aerodynamically effective designs. Significant growth in R&D and increased production of commercial aircraft. Further, Significant growth in R&D and increased production of commercial aircraft.
Carbon Fiber Tape Market Challenges
The alternative material can restrict the market growth
Steel Reinforced Polymer tapes used to
strengthen externally bonded composite reinforcement are a relatively new
material that is compatible with common organic fibers. SRP tapes are made from
ultra-high strength steel wires that are embedded in cords and mounted into a fabric.
The mechanical properties of SRP steel are comparable to those of other high
carbon cold drawn steel by advanced processing.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Carbon Fiber Tape market.
In 2019, the market of Carbon Fiber Tape has been consolidated by the top five players
accounting for xx% of the share. Major players in the Carbon Fiber Tape Market are
Zoltek Corporation, Royal
TenCate, SGL Group, Hexcel Corporation, Mitsubishi Rayon Carbon Fibers and
Composites, and Royal DSM, among others.
Acquisitions/Technology Launches
- In February 2019, Teijin Limited acquired Renegade Materials Corporation, supplier of highly heat-resistant thermoset prepreg for the aerospace industry. The acquisition will help Teijin Limited to reach wider markets. The acquisition will boost carbon fibers and intermediate materials large product lineup and global sales network.
LIST OF TABLES
1.Global Carbon Fiber Tape Market By Form Market 2019-2024 ($M)2.Global Carbon Fiber Prepreg Tape Market By Resin Market 2019-2024 ($M)
2.1 Epoxy Market 2019-2024 ($M) - Global Industry Research
2.2 Polyamide Market 2019-2024 ($M) - Global Industry Research
2.3 Bismaleimide Market 2019-2024 ($M) - Global Industry Research
2.4 Thermoplastic Resin Market 2019-2024 ($M) - Global Industry Research
3.Global Carbon Fiber Prepreg Tape Market By Manufacturing Process Market 2019-2024 ($M)
3.1 Hot Melt Process Market 2019-2024 ($M) - Global Industry Research
3.2 Solvent Dip Process Market 2019-2024 ($M) - Global Industry Research
4.Global Carbon Fiber Tape Market By End-Use Industry Market 2019-2024 ($M)
4.1 Aerospace Market 2019-2024 ($M) - Global Industry Research
4.2 Marine Market 2019-2024 ($M) - Global Industry Research
4.3 Pipe & Tank Market 2019-2024 ($M) - Global Industry Research
4.4 Sporting Goods Market 2019-2024 ($M) - Global Industry Research
4.5 Construction & Infrastructure Market 2019-2024 ($M) - Global Industry Research
5.Global Carbon Fiber Tape Market By Form Market 2019-2024 (Volume/Units)
6.Global Carbon Fiber Prepreg Tape Market By Resin Market 2019-2024 (Volume/Units)
6.1 Epoxy Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Polyamide Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Bismaleimide Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Thermoplastic Resin Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global Carbon Fiber Prepreg Tape Market By Manufacturing Process Market 2019-2024 (Volume/Units)
7.1 Hot Melt Process Market 2019-2024 (Volume/Units) - Global Industry Research
7.2 Solvent Dip Process Market 2019-2024 (Volume/Units) - Global Industry Research
8.Global Carbon Fiber Tape Market By End-Use Industry Market 2019-2024 (Volume/Units)
8.1 Aerospace Market 2019-2024 (Volume/Units) - Global Industry Research
8.2 Marine Market 2019-2024 (Volume/Units) - Global Industry Research
8.3 Pipe & Tank Market 2019-2024 (Volume/Units) - Global Industry Research
8.4 Sporting Goods Market 2019-2024 (Volume/Units) - Global Industry Research
8.5 Construction & Infrastructure Market 2019-2024 (Volume/Units) - Global Industry Research
9.North America Carbon Fiber Tape Market By Form Market 2019-2024 ($M)
10.North America Carbon Fiber Prepreg Tape Market By Resin Market 2019-2024 ($M)
10.1 Epoxy Market 2019-2024 ($M) - Regional Industry Research
10.2 Polyamide Market 2019-2024 ($M) - Regional Industry Research
10.3 Bismaleimide Market 2019-2024 ($M) - Regional Industry Research
10.4 Thermoplastic Resin Market 2019-2024 ($M) - Regional Industry Research
11.North America Carbon Fiber Prepreg Tape Market By Manufacturing Process Market 2019-2024 ($M)
11.1 Hot Melt Process Market 2019-2024 ($M) - Regional Industry Research
11.2 Solvent Dip Process Market 2019-2024 ($M) - Regional Industry Research
12.North America Carbon Fiber Tape Market By End-Use Industry Market 2019-2024 ($M)
12.1 Aerospace Market 2019-2024 ($M) - Regional Industry Research
12.2 Marine Market 2019-2024 ($M) - Regional Industry Research
12.3 Pipe & Tank Market 2019-2024 ($M) - Regional Industry Research
12.4 Sporting Goods Market 2019-2024 ($M) - Regional Industry Research
12.5 Construction & Infrastructure Market 2019-2024 ($M) - Regional Industry Research
13.South America Carbon Fiber Tape Market By Form Market 2019-2024 ($M)
14.South America Carbon Fiber Prepreg Tape Market By Resin Market 2019-2024 ($M)
14.1 Epoxy Market 2019-2024 ($M) - Regional Industry Research
14.2 Polyamide Market 2019-2024 ($M) - Regional Industry Research
14.3 Bismaleimide Market 2019-2024 ($M) - Regional Industry Research
14.4 Thermoplastic Resin Market 2019-2024 ($M) - Regional Industry Research
15.South America Carbon Fiber Prepreg Tape Market By Manufacturing Process Market 2019-2024 ($M)
15.1 Hot Melt Process Market 2019-2024 ($M) - Regional Industry Research
15.2 Solvent Dip Process Market 2019-2024 ($M) - Regional Industry Research
16.South America Carbon Fiber Tape Market By End-Use Industry Market 2019-2024 ($M)
16.1 Aerospace Market 2019-2024 ($M) - Regional Industry Research
16.2 Marine Market 2019-2024 ($M) - Regional Industry Research
16.3 Pipe & Tank Market 2019-2024 ($M) - Regional Industry Research
16.4 Sporting Goods Market 2019-2024 ($M) - Regional Industry Research
16.5 Construction & Infrastructure Market 2019-2024 ($M) - Regional Industry Research
17.Europe Carbon Fiber Tape Market By Form Market 2019-2024 ($M)
18.Europe Carbon Fiber Prepreg Tape Market By Resin Market 2019-2024 ($M)
18.1 Epoxy Market 2019-2024 ($M) - Regional Industry Research
18.2 Polyamide Market 2019-2024 ($M) - Regional Industry Research
18.3 Bismaleimide Market 2019-2024 ($M) - Regional Industry Research
18.4 Thermoplastic Resin Market 2019-2024 ($M) - Regional Industry Research
19.Europe Carbon Fiber Prepreg Tape Market By Manufacturing Process Market 2019-2024 ($M)
19.1 Hot Melt Process Market 2019-2024 ($M) - Regional Industry Research
19.2 Solvent Dip Process Market 2019-2024 ($M) - Regional Industry Research
20.Europe Carbon Fiber Tape Market By End-Use Industry Market 2019-2024 ($M)
20.1 Aerospace Market 2019-2024 ($M) - Regional Industry Research
20.2 Marine Market 2019-2024 ($M) - Regional Industry Research
20.3 Pipe & Tank Market 2019-2024 ($M) - Regional Industry Research
20.4 Sporting Goods Market 2019-2024 ($M) - Regional Industry Research
20.5 Construction & Infrastructure Market 2019-2024 ($M) - Regional Industry Research
21.APAC Carbon Fiber Tape Market By Form Market 2019-2024 ($M)
22.APAC Carbon Fiber Prepreg Tape Market By Resin Market 2019-2024 ($M)
22.1 Epoxy Market 2019-2024 ($M) - Regional Industry Research
22.2 Polyamide Market 2019-2024 ($M) - Regional Industry Research
22.3 Bismaleimide Market 2019-2024 ($M) - Regional Industry Research
22.4 Thermoplastic Resin Market 2019-2024 ($M) - Regional Industry Research
23.APAC Carbon Fiber Prepreg Tape Market By Manufacturing Process Market 2019-2024 ($M)
23.1 Hot Melt Process Market 2019-2024 ($M) - Regional Industry Research
23.2 Solvent Dip Process Market 2019-2024 ($M) - Regional Industry Research
24.APAC Carbon Fiber Tape Market By End-Use Industry Market 2019-2024 ($M)
24.1 Aerospace Market 2019-2024 ($M) - Regional Industry Research
24.2 Marine Market 2019-2024 ($M) - Regional Industry Research
24.3 Pipe & Tank Market 2019-2024 ($M) - Regional Industry Research
24.4 Sporting Goods Market 2019-2024 ($M) - Regional Industry Research
24.5 Construction & Infrastructure Market 2019-2024 ($M) - Regional Industry Research
25.MENA Carbon Fiber Tape Market By Form Market 2019-2024 ($M)
26.MENA Carbon Fiber Prepreg Tape Market By Resin Market 2019-2024 ($M)
26.1 Epoxy Market 2019-2024 ($M) - Regional Industry Research
26.2 Polyamide Market 2019-2024 ($M) - Regional Industry Research
26.3 Bismaleimide Market 2019-2024 ($M) - Regional Industry Research
26.4 Thermoplastic Resin Market 2019-2024 ($M) - Regional Industry Research
27.MENA Carbon Fiber Prepreg Tape Market By Manufacturing Process Market 2019-2024 ($M)
27.1 Hot Melt Process Market 2019-2024 ($M) - Regional Industry Research
27.2 Solvent Dip Process Market 2019-2024 ($M) - Regional Industry Research
28.MENA Carbon Fiber Tape Market By End-Use Industry Market 2019-2024 ($M)
28.1 Aerospace Market 2019-2024 ($M) - Regional Industry Research
28.2 Marine Market 2019-2024 ($M) - Regional Industry Research
28.3 Pipe & Tank Market 2019-2024 ($M) - Regional Industry Research
28.4 Sporting Goods Market 2019-2024 ($M) - Regional Industry Research
28.5 Construction & Infrastructure Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Carbon Fiber Tape Market Revenue, 2019-2024 ($M)2.Canada Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
3.Mexico Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
4.Brazil Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
5.Argentina Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
6.Peru Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
7.Colombia Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
8.Chile Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
9.Rest of South America Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
10.UK Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
11.Germany Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
12.France Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
13.Italy Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
14.Spain Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
15.Rest of Europe Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
16.China Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
17.India Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
18.Japan Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
19.South Korea Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
20.South Africa Carbon Fiber Tape Market Revenue, 2019-2024 ($M)
21.North America Carbon Fiber Tape By Application
22.South America Carbon Fiber Tape By Application
23.Europe Carbon Fiber Tape By Application
24.APAC Carbon Fiber Tape By Application
25.MENA Carbon Fiber Tape By Application
26.Royal Tencate, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Saudi Basic Industries Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Evonik Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Zoltek Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Solvay, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Mitsubishi Rayon Carbon Fiber & Composites, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Hexcel Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Teijin Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.SGL Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Royal DSM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.3M, Sales /Revenue, 2015-2018 ($Mn/$Bn)