Unidirectional Tapes Market - Forecast(2023 - 2028)
Unidirectional Tapes Market Overview
Unidirectional Tapes Market is projected to reach a
value of USD $187.9 million by the year 2026 at a CAGR of
13.75% during the forecast period 2021-2026. Unidirectional (UD) Tapes can be
defined as a set of composite materials where the fibers are oriented into a
single direction. UD Tapes are usually manufactured using resins like polyether ether ketone
(PEEK), polyether ketone ketone (PEKK), Polyamides and so on. These resins can
either be Thermoplastic, which can form reversible bonds with the substrate, or
Thermoset, which form permanent bonds that are irreversible. The most commonly
used fibers in UD Tapes are carbon
fibers and glass
fibers although other fibers, like aramid fibres, are used as well. The largest
adopter of unidirectional (UD) tapes is the Aerospace and Defense Industry. UD
tapes can perform at very high temperatures, are rigid and have high strength.
Along with that they’re also used in the oil & gas industry as well as in
automotive & transportation.
Impact of Covid-19
Due to the Covid-19 Pandemic, the market saw a decline
primarily due to the decrease in demand of the various industries. During the
Corona virus pandemic, air travel took one of the largest hits as every state
and country went into a lockdown. The production of Cars and Commercial Vehicles
also decreased by 16% in 2020 according to Organisation Internationale des
Constructeurs d'Automobiles (OICA). These industries are the primary
drivers for the Unidirectional Tapes market and as such, their decrease in
sales and production caused a decline in the Unidirectional Tapes market
as well. However, the demand in the
Automotive & Transportation Industry and the Aerospace & Defense
Industry is slowly increasing as cities, states and countries are now moving
out of lockdown and are trying to recover their economy. This is going to cause
an increase in demand in the Unidirectional Tapes market as well.
Report Coverage
The report: “Unidirectional
Tapes Market – Forecast (2021-2026)”, by IndustryARC, covers an
in-depth analysis of the following segments of the Unidirectional Tapes Market.
By Resin:
Thermoplastic Resins
and Thermoset Resins
By Fiber:
Carbon Fiber, Glass
Fiber, Ceramic Fiber, Others
By
End-Use Industry: Aerospace
& Defense (Commercial, Military, and Others), Automotive &
Transportation, Oil & Gas, Industrial, Others
By
Geography: North
America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy,
Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China,
Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan,
Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile,
and Rest of South America), Rest of the World (Middle East, and Africa)
Key Takeaways
- North America has the largest share of 30% in the Unidirectional Tapes market. Their demand for lightweight aircrafts in one of the key factors that makes them dominate in the market. Unidirectional Tapes is one of the most essential components when it comes to lightweight aircrafts.
- One of its primary uses is its applications in the wings of aircrafts due to its high impact resistance. Along with that, Unidirectional Tapes provide excellent quality when it comes to structural materials and fairings. All of these factors make Unidirectional Tapes one of the best solutions for the Aerospace and Defense Industry.
- Unidirectional Tapes provide excellent strength to weight ratio when it comes to automobiles. This is one of the key factors why Electric Vehicles (EV’s) show reduced automotive emissions and further increases the driving range.
Figure: North America Unidirectional Tapes Market 2020-2026 (USD $ Million)
Unidirectional Tapes Market Segment Analysis – By Resin
Thermoplastic Resins hold the highest market share of 56% in 2020. Thermoplastic Resins are mainly utilized in the aerospace industry for
the manufacture of primary and secondary structural materials. This is because
thermoplastic Resins showcase excellent durability and strength that are
essential factors in the manufacture of lightweight aircrafts and carriers. Unidirectional
(UD) tapes comprising of thermoset resins show brilliant impact, creep, and
fatigue resistance especially when it comes to very high temperature
conditions.
Unidirectional Tapes Market Segment Analysis – By Fiber
Carbon Fiber leads the market in regard to fibers with a
total revenue share of 43% in 2020. Carbon fiber, with a composite of
polyether ether ketone (PEEK) or polyamide 12 (PA12), are primarily utilized in
applications requiring high strength and durability. One of its key
applications is in providing localized reinforcements to airplane wing spars
due to properties like high rigidity, strength, and lightness. Carbon Fiber
also proves to be lighter in weight than its alternative glass fiber as well as
other metals like aluminium and steel. Glass Fiber is another one of the most
used fibers in the market. Glass Fibers demonstrate high durability and
strength, however, it is most notable for its chemical & corrosion
resistance and waterproof properties. Glass Fiber also proves to be a greener
solution to taping reinforcements and offers extensive recyclability.
Unidirectional Tapes Market Segment Analysis – By End-Use Industry
Aerospace and Defense Industry holds the highest share in the
Unidirectional Tapes market in 2020 and is projected to have a CAGR of 13.98% from 2021-2026. As mentioned
earlier, carbon fiber based unidirectional tapes are a much lighter
alternative to aluminium and is one of the primary reasons for its uses in the
Aerospace Industry. From frames to structural materials to wing spars,
Unidirectional Tapes are being utilized in every aspect of an aircraft.
Similarly, Unidirectional Tapes provide exceptional tensile strength and
durability which is why it is becoming one of the most used composite materials
in Defense applications. According to Boeing Commercial Outlook, the total number of
aircraft deliveries were 43, 110 units in 2020. Unidirectional Tapes are also one of the key providers for the Automotive
Industry as well as the Oil & Gas Industry.
Unidirectional Tapes Market Segment Analysis – By Geography
North America holds the largest share, of 42% in 2020. The growth is owing to the increasing demand in the Aerospace Industry. The U.S. is known to be the leading manufacturer of space systems, rotorcrafts, civil aircrafts, Defense systems and hard armor vehicles. North America had a total of 8,995 deliveries alone and accounted for a fleet growth of 1.7% in the year 2020 according to Boeing. Other than North America, Europe is also the key region in terms of demand for UD tapes. This is because Europe is one of the regions for the innovation and growth of automotive with OEMs like BMW, Volkswagen, and Mercedes-Benz. Unidirectional Tapes provide remarkable solutions to structural components and is often used in chassis manufacture due to their excellent rigidity and reinforcement.
Unidirectional Tapes Market – Drivers
Recyclability & Reusability Glass Fiber Reinforcement : -
Glass Fiber Unidirectional Tapes are considered to be one of the best options in the market due to its recyclability and reusability factor. It is a far better eco-friendly material composites in comparison to carbon fiber and many industries are now looking to adopt this alternative as a means to reduce carbon footprint. Glass Fiber Reinforcements can be recycled to make Fiber-reinforced concrete which are being adopted more due to its mechanical and durability properties. Glass Fiber can also be reused in gypsum blocks to improve anti-cracking and operation performance of the material.
Lightweight Form Factor of Unidirectional Tapes: -
Both Carbon Fiber and Glass Fiber
reinforcement is considerably lighter and more durable than alternative
materials like aluminium and steel as mentioned above. Many industries like the
Automotive and Transportation Industry are adopting Unidirectional Tapes
as an alternative for their structural materials and composites and to achieve
better fuel efficiency. According to Organisation Internationale des Constructeurs
d'Automobiles (OICA), the total number of automotive units produced in the year
2020 was a total of 77.621 million. There is a growing demand for lightweight vehicles, not only in the
Automotive & Transportation Industry but also in the Aerospace &
Defense Industry. This demand will only prove to be a driver for Unidirectional
(UD) Tapes.
Unidirectional Tapes Market – Challenges
High Cost of manufacture of Carbon Fiber Reinforcement: -
While Carbon Fiber reinforcement may be lighter and more durable, it is also much more expensive to manufacture. Carbon Fiber Unidirectional (UD) Tapes cost much more in terms of processing, and it also comes across problems with recyclability. Research and Development in various sectors found Carbon Fiber Unidirectional (UD) Tapes to be a better and more viable option but due to its high cost, Carbon Fiber Unidirectional (UD) Tapes are often avoided and its potential hindered. Carbon fiber for automobiles costs $10 to $12 a pound, but steel costs less than a cent. That's dropped from $35 a pound a decade ago, but it has to drop to around $5 or $6 a pound to achieve broad acceptance. Carbon Fiber is a composite of multiple materials which include Polyacrylonitrile (PAN), Rayon, Pitch etc. Once the resin fiber is created from these composite materials, these fibers undergo treatment under chemicals, immense heat and pressure. The raw materials prove to be expensive and it takes a considerable amount of energy to reinforce these fibers with carbon atoms. Due to these factors, Carbon Fibers turn out to be far more expensive than other fibers.
Unidirectional Tapes Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Unidirectional Tapes Market. In the Unidirectional Tapes market, the major key players include:
- Cytec Solvay Group
- SABIC
- Teijin Ltd.
- Hexcel Corporation
- Evonik Industries
- Royal TenCate N.V.
- BASF SE
- Celanese Corporation
- Axiom Materials Inc.
- Barrday Corporation, and others.
Acquisitions/Technology Launches
- In September 2021, Cytec Solvay Group announced the installation of its new 27,000 sq-ft thermoplastic composites (TPC) manufacturing plant which increases the production yield of Unidirectional Tapes.
- In September 2020, Jiangsu Hansu New Material Co. Ltd. announced their new family of Unidirectional Tapes – H-poly-Stallone-CF7000_PEI, in partnership with SABIC, using its ULTEM 1000F3SP Powder.
- In February 2019, Teijin Ltd. acquired Renegade, a company well known for its proprietary technologies and solution capabilities in regard to thermoset prepregs.
Relevant Reports
Carbon Fiber Reinforced Plastic Market-Forecast (2020-2025)
Report Code: CMR 0055
Glass Fiber Reinforcement Market – Forecast (2021 - 2026)
Report Code: CMR 66833
Aerospace Material Market – Forecast (2021-2026)
Report Code: AD 0011
For more Chemicals and Materials Market reports, please click here |
LIST OF TABLES
1.Global Unidirectional Tapes Market By Resin Market 2019-2024 ($M)1.1 Thermoplastic Unidirectional Tapes Market 2019-2024 ($M) - Global Industry Research
1.1.1 Polyether Ether Ketone Market 2019-2024 ($M)
1.1.2 Polyamide Market 2019-2024 ($M)
1.2 Thermoset Unidirectional Tapes Market 2019-2024 ($M) - Global Industry Research
1.2.1 Epoxy Market 2019-2024 ($M)
2.Global Unidirectional Tapes Market By End-Use Industry Market 2019-2024 ($M)
2.1 Aerospace & Defense Market 2019-2024 ($M) - Global Industry Research
2.2 Automotive Market 2019-2024 ($M) - Global Industry Research
2.3 Sports & Leisure Market 2019-2024 ($M) - Global Industry Research
3.Global Unidirectional Tapes Market By Resin Market 2019-2024 (Volume/Units)
3.1 Thermoplastic Unidirectional Tapes Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Polyether Ether Ketone Market 2019-2024 (Volume/Units)
3.1.2 Polyamide Market 2019-2024 (Volume/Units)
3.2 Thermoset Unidirectional Tapes Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Epoxy Market 2019-2024 (Volume/Units)
4.Global Unidirectional Tapes Market By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Aerospace & Defense Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Sports & Leisure Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Unidirectional Tapes Market By Resin Market 2019-2024 ($M)
5.1 Thermoplastic Unidirectional Tapes Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Polyether Ether Ketone Market 2019-2024 ($M)
5.1.2 Polyamide Market 2019-2024 ($M)
5.2 Thermoset Unidirectional Tapes Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Epoxy Market 2019-2024 ($M)
6.North America Unidirectional Tapes Market By End-Use Industry Market 2019-2024 ($M)
6.1 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
6.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
6.3 Sports & Leisure Market 2019-2024 ($M) - Regional Industry Research
7.South America Unidirectional Tapes Market By Resin Market 2019-2024 ($M)
7.1 Thermoplastic Unidirectional Tapes Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Polyether Ether Ketone Market 2019-2024 ($M)
7.1.2 Polyamide Market 2019-2024 ($M)
7.2 Thermoset Unidirectional Tapes Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Epoxy Market 2019-2024 ($M)
8.South America Unidirectional Tapes Market By End-Use Industry Market 2019-2024 ($M)
8.1 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
8.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
8.3 Sports & Leisure Market 2019-2024 ($M) - Regional Industry Research
9.Europe Unidirectional Tapes Market By Resin Market 2019-2024 ($M)
9.1 Thermoplastic Unidirectional Tapes Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Polyether Ether Ketone Market 2019-2024 ($M)
9.1.2 Polyamide Market 2019-2024 ($M)
9.2 Thermoset Unidirectional Tapes Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Epoxy Market 2019-2024 ($M)
10.Europe Unidirectional Tapes Market By End-Use Industry Market 2019-2024 ($M)
10.1 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
10.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
10.3 Sports & Leisure Market 2019-2024 ($M) - Regional Industry Research
11.APAC Unidirectional Tapes Market By Resin Market 2019-2024 ($M)
11.1 Thermoplastic Unidirectional Tapes Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Polyether Ether Ketone Market 2019-2024 ($M)
11.1.2 Polyamide Market 2019-2024 ($M)
11.2 Thermoset Unidirectional Tapes Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Epoxy Market 2019-2024 ($M)
12.APAC Unidirectional Tapes Market By End-Use Industry Market 2019-2024 ($M)
12.1 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
12.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
12.3 Sports & Leisure Market 2019-2024 ($M) - Regional Industry Research
13.MENA Unidirectional Tapes Market By Resin Market 2019-2024 ($M)
13.1 Thermoplastic Unidirectional Tapes Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Polyether Ether Ketone Market 2019-2024 ($M)
13.1.2 Polyamide Market 2019-2024 ($M)
13.2 Thermoset Unidirectional Tapes Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Epoxy Market 2019-2024 ($M)
14.MENA Unidirectional Tapes Market By End-Use Industry Market 2019-2024 ($M)
14.1 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
14.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
14.3 Sports & Leisure Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Unidirectional Tapes Market Revenue, 2019-2024 ($M)2.Canada Unidirectional Tapes Market Revenue, 2019-2024 ($M)
3.Mexico Unidirectional Tapes Market Revenue, 2019-2024 ($M)
4.Brazil Unidirectional Tapes Market Revenue, 2019-2024 ($M)
5.Argentina Unidirectional Tapes Market Revenue, 2019-2024 ($M)
6.Peru Unidirectional Tapes Market Revenue, 2019-2024 ($M)
7.Colombia Unidirectional Tapes Market Revenue, 2019-2024 ($M)
8.Chile Unidirectional Tapes Market Revenue, 2019-2024 ($M)
9.Rest of South America Unidirectional Tapes Market Revenue, 2019-2024 ($M)
10.UK Unidirectional Tapes Market Revenue, 2019-2024 ($M)
11.Germany Unidirectional Tapes Market Revenue, 2019-2024 ($M)
12.France Unidirectional Tapes Market Revenue, 2019-2024 ($M)
13.Italy Unidirectional Tapes Market Revenue, 2019-2024 ($M)
14.Spain Unidirectional Tapes Market Revenue, 2019-2024 ($M)
15.Rest of Europe Unidirectional Tapes Market Revenue, 2019-2024 ($M)
16.China Unidirectional Tapes Market Revenue, 2019-2024 ($M)
17.India Unidirectional Tapes Market Revenue, 2019-2024 ($M)
18.Japan Unidirectional Tapes Market Revenue, 2019-2024 ($M)
19.South Korea Unidirectional Tapes Market Revenue, 2019-2024 ($M)
20.South Africa Unidirectional Tapes Market Revenue, 2019-2024 ($M)
21.North America Unidirectional Tapes By Application
22.South America Unidirectional Tapes By Application
23.Europe Unidirectional Tapes By Application
24.APAC Unidirectional Tapes By Application
25.MENA Unidirectional Tapes By Application
26.Evonik Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Sabic, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Solvay, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Hexcel Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Royal Tencate, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.SGL Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Teijin Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Celanese Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.BASF, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Victrex, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Additional Companies, Sales /Revenue, 2015-2018 ($Mn/$Bn)