Dublin, Jan. 13, 2023 (GLOBE NEWSWIRE) -- The "Carbon Fiber Tape Market by Form (Prepreg Tape, Dry Tape), Resin (Epoxy, Thermoplastic, Polyamide), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace, Marine, Pipe & Tank, Sporting Goods), and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global carbon fiber tape market size is expected to grow from USD 2.4 billion in 2022 to USD 4.4 billion by 2027, at a CAGR of 13.0% between 2022 and 2027. The significant growth of the carbon fiber tape market is attributed to the increasing demand from aerospace and pipe & tank end-use industries across the globe.
In comparison to conventional materials such as aluminum and steel, carbon fiber tape offers strength, tenacity, density, and thermal and electrical conductivity, fatigue, and corrosion resistance properties.
Thermoplastic resin is the fastest-growing segment in the carbon fiber prepreg tape market in terms of value
Thermoplastic resin is projected to register the highest CAGR in terms of value between 2022 and 2027. . PEEK is the most widely used thermoplastic resin used in the making of carbon fiber prepreg tapes. The main advantage of thermoplastic resin as matrix material is that the composites formed can be reshaped and reformed, hence are eco-friendly in comparison to thermoset resin.
Thermoplastic-resin based carbon fiber prepreg tapes provide high impact strength, better surface quality, less product rejection, high rigidity at elevated and sub-zero temperatures, and creep resistance under harsh environments. PEEK resin offers excellent chemical resistance. It also possesses good mechanical properties.
Hot melt is the largest manufacturing process for carbon fiber prepreg tape in terms of value and volume
In the hot melt manufacturing process, heat and pressure are used to soak resins in the fibers. Hot melt process, is an eco-friendly process because very low percentage of solvents are used for the manufacturing of carbon fiber prepreg tapes. Furthermore, this process is less hazardous for the environment, and there are no organic solvents consumed or emitted during operations. This process requires less coating, and high-speed production is possible with no thermal stress of the substrate.
On the basis of form prepreg tape dominate the carbon fiber tape market in terms of value
Prepreg tapes are widely used in aerospace, sporting goods and pipe & tanks industries for different applications. They have some applications in wind energy, automotive, and medical industries for instance manufacturing of turbine blades, cosmetic components, prosthetics, and other applications. In the aerospace industry, carbon fiber prepreg tape is largely used in Boeing 737MAX, COMAC C919, and A320 neo.
Aerospace is the largest end-use industry of carbon fiber tape in terms of value and volume
The growth of the aerospace industry is driven by the need for fuel-efficient and technologically advanced aircraft. Carbon fiber tapes have high strength to weight ratio when compared to other materials hence it gives an advantage to aircraft manufacturers to make a low weight aircraft with more efficient designs, structurally and aerodynamically. Carbon fiber slit tapes are used in aircraft seat frames as it reduces the weight of the aircraft seats by 30% in comparison to traditional aluminum frame seats. It is also used in lightweight sandwich panels for ultralight aircraft. Unidirectional carbon fiber prepreg tapes are mostly preferred in aircraft due to their higher strength and stiffness than woven tapes.
North America is the leading carbon fiber tape market in terms of value
North America is the largest carbon fiber tape market in terms of value. The key reason for this growth includes the demand for carbon fiber tape in the aerospace industry in the region. The region is home to some of the prominent manufacturers of carbon fiber tapes, such as Hexcel Corporation and Solvay. These companies are engaged in the production of high-quality carbon fiber tapes used in the aerospace & defense, marine, construction & infrastructure, and pipe & tank industries.
| Report Attribute | Details |
| No. of Pages | 229 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value (USD) in 2022 | $2.4 Billion |
| Forecasted Market Value (USD) by 2027 | $4.4 Billion |
| Compound Annual Growth Rate | 13.0% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Carbon Fiber Tape Market, by Form
6.1 Introduction
6.2 Prepreg Tape
6.3 Dry Tape
7 Carbon Fiber Prepreg Tape Market, by Resin Type
7.1 Introduction
7.2 Epoxy
7.3 Polyamide
7.4 Bismaleimide
7.5 Thermoplastic
7.6 Others
8 Carbon Fiber Prepreg Tape Market, by Manufacturing Process
8.1 Introduction
8.2 Hot Melt Manufacturing Process
8.3 Solvent Dip Manufacturing Process
9 Carbon Fiber Tape Market, by End-Use Industry
9.1 Introduction
9.2 Aerospace & Defense
9.3 Marine
9.4 Pipes & Tanks
9.5 Sporting Goods
9.6 Construction & Infrastructure
9.7 Others
10 Carbon Fiber Tape Market, by Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
Companies Mentioned
- Evonik Industries
- Hexcel Corporation
- Mitsubishi Chemical Holdings
- Royal Dsm
- Sabic
- Sgl Group
- Solvay
- Teijin Limited
- Toray Industries Inc.
- Zoltek Corporation
For more information about this report visit https://www.researchandmarkets.com/r/pe2vg4
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