DUBLIN--(BUSINESS WIRE)--The "Growth Opportunities in the Global Thermoplastic Unidirectional Tape Market" report has been added to ResearchAndMarkets.com's offering
The future of the thermoplastic unidirectional tape market looks attractive with opportunities in the aerospace & defense, transportation, sporting goods, industrial, and other industries.
The thermoplastic unidirectional tape market is expected to grow at a CAGR of 8.9% from 2018 to 2023.
The major growth driver for this market is increasing use of thermoplastic composites because it offers recyclability and processing benefits, such as ability to remold, shorter cycle time, and no emission of volatile matter.
Emerging trends, which have a direct impact on the dynamics of the industry, include the continuous innovation and development of new products and applications.
The study includes the thermoplastic unidirectional tape market size and forecast of the global thermoplastic unidirectional tape market through 2023, segmented by end use industry, reinforcement type, resin type, and region.
The report forecasts that the transportation will remain the largest end use industry by volume, and it will also witness the highest growth during the forecast period. Increasing demand for lightweight materials to achieve higher fuel efficiency and reusable and recyclable materials for environmental benefits are driving growth for this segment over the forecast period.
By reinforcement type, glass fiber based UD tape is expected to remain the largest segment, and carbon fiber is likely to witness the highest growth in the forecast period supported by increasing usage of lightweight materials in aircraft components.
North America is expected to remain the largest market by value and volume and to witness the highest growth over the forecast period because of rising penetration of thermoplastic unidirectional tape in major end use industries.
- Cytec Solvay Group
- Polystrand (Polyone)
- QIYI Technology
- SGL Group
- Tencate Advanced Composites
- Toho Tenax
Key Topics Covered
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2012-2023
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
For more information about this report visit https://www.researchandmarkets.com/research/q3bs5j/global?w=4