DUBLIN--(BUSINESS WIRE)--The "Unidirectional Tapes (UD Tapes) Market by Fiber Type (Glass, Carbon), Resin (Thermoplastic, Thermoset), End-use Industry (Aerospace & Defense, Automotive, Sports & Leisure), and Region (North America, Europe, Asia Pacific) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The unidirectional tapes (UD Tapes) market is estimated at USD 165.8 million in 2018 and is projected to reach USD 316.3 million by 2023, at a CAGR of 13.79% from 2018 to 2023.
The growth of the market is driven by the increasing demand from end-use industries, such as aerospace & defense, automotive, and sports & leisure mostly from the North America region. The cost of UD tapes is high as compared to that of UD fabrics. This is a drawback that severely restricts its range of uses.
UD tapes are used in various end-use industries, such as aerospace & defense, automotive, and sports & leisure. The growth of the UD tapes market in the aerospace & defense industry is driven by the need for fuel-efficient and technologically advanced aircraft. UD tapes have higher strength-to-weight capability than other traditional aerospace materials. In addition, high strength, high stiffness, and high abrasion resistance are achieved with the use of UD tapes in aircraft.
These tapes are used in both primary and secondary structures in aircraft. UD tapes are used in aircraft seat frames as they help reduce the weight of aircraft seats by 30% in comparison to the traditional aluminum frame seats. These factors are expected to drive the demand for UD tapes in the aerospace & defense end-use industry during the forecast period.
Key companies profiled in this report include Royal TenCate N.V. (Netherlands), Cytec Solvay Group (US), SABIC (Saudi Arabia) Teijin Ltd. (Japan), Hexcel Corporation (US), and Evonik industries (Germany).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Unidirectional Tapes (UD Tapes) Market, By Resin
7 Unidirectional Tapes (UD Tapes) Market, By Fiber
8 Unidirectional Tapes (UD Tapes) Market, By End-Use Industry
9 Unidirectional Tapes (UD Tapes) Market, By Region
10 Competitive Landscape
11 Company Profiles
- Evonik Industries
- Hexcel Corporation
- Royal Tencate
- SGL Group
- Teijin Limited
- Celanese Corporation
- PRF Composite Materials
- TCR Composites
- Axiom Materials
- Oxeon AB
For more information about this report visit https://www.researchandmarkets.com/research/chsqhv/global?w=4