Global Unidirectional Tapes (UD Tapes) Market by Fiber Type, Resin, End-use Industry and Region - Forecast to 2025 - ResearchAndMarkets.com

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 Forecasts to 2025" report has been added to ResearchAndMarkets.com's offering.

The UD Tapes Market is Projected to Grow from USD 151.6 Million in 2020 to USD 256.7 Million by 2025, at a CAGR of 11.1% Between 2020 and 2025.

The UD tapes market depends heavily on the performance of aerospace & defense, automotive, and sports & leisure industries. They provide superior properties, such as high tensile strength, high abrasion resistance, wear resistance, high modulus, high strength, high stiffness, low density, chemical resistance, and low creep.

The key companies profiled in this report are the Evonik (Germany), SABIC (Saudi Arabia), Toray Industries, Inc. (Japan), Hexcel Corporation (US), SGL Group (Germany), and Teijin Ltd. (Japan).

The thermoplastic resin segment is expected to hold the largest share of the overall UD tapes market during the forecast period.

The thermoplastic resin segment accounted for the largest share of the overall UD tapes market in 2019. These tapes are used in a large number of industries, including aerospace & defense and sporting goods. They are widely used in the aerospace & defense industry due to their toughness, high strength, moisture absorption resistance, high-performance properties, and ability to survive under high-temperature conditions.

The UD tapes market in the aerospace & defense end-use industry is expected to hold the largest share during the forecast period.

The aerospace industry accounted for the largest share, in terms of value, of the UD tapes market in 2019. This is due to the high demand for carbon fiber composites in commercial passenger aircraft. UD tapes have higher strength-to-weight capability than other traditional aerospace materials. 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. It is mainly used in wing spars, wing skins, fuselage skin, access panels, rib stiffeners, brackets, conduit, and flooring.

North America UD tapes market is estimated to register the highest CAGR during the forecast period.

The North America UD tapes market is segmented into the US and Canada. The US has been the driving force behind the rapid development of the market in North America as well as worldwide. The North American market is driven by high economic growth rates and heavy investments across various industries such as aerospace & defense, automotive, and sports & leisure. UD tapes are used for selective reinforcement and wrapping applications.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in UD Tapes Market

4.2 UD Tapes Market, by Resin and Region, 2019

4.3 UD Tapes Market, by Fiber

4.4 UD Tapes Market, by End-USe Industry

4.5 UD Tapes Market, by Key Countries

5 Market Overview

5.1 Value Chain Overview

5.1.1 Value Chain Analysis

5.1.1.1 Raw Material

5.1.1.2 Manufacturing Process

5.1.1.3 Final Product

5.1.2 Disruption in Value Chain Due to COVID-19

5.1.2.1 Action Plan Against Such Crisis Vulnerability

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increase in the Use of UD Tapes in Primary & Secondary Aircraft Structures

5.2.1.2 Increasing Demand for Manufacturing Lightweight Vehicles

5.2.1.3 Initiatives by the Governments of China and India

5.2.1.4 Replacement of Old/Aging Aircraft and Modernization of Existing Aircraft

5.2.2 Restraints

5.2.2.1 Issues Related to Recyclability

5.2.2.2 High Processing and Manufacturing Costs of Carbon Fiber

5.2.3 Opportunities

5.2.3.1 Increasing USe of UD Tapes in New Applications

5.2.3.2 Emergence of Aircraft Manufacturers in APAC and South America

5.2.3.3 Increasing Demand for Passenger Aircraft in Developing Regions

5.2.4 Challenges

5.2.4.1 High Manufacturing and Processing Costs of UD Tapes

5.2.4.2 Market Chain Recovery from COVID-19 Impact

5.3 Porter's Five Forces Analysis

5.3.1 Threat of New Entrants

5.3.2 Threat of Substitutes

5.3.3 Bargaining Power of Buyers

5.3.4 Bargaining Power of Suppliers

5.3.5 Intensity of Competitive Rivalry

5.4 Macroeconomic Overview and Key Trends

5.4.1 Introduction

5.4.2 Trends and Forecast of GDP

5.4.3 Trends of the Global Automotive Industry

5.4.3.1 Automotive Industry Production, 2018-2019

5.4.3.2 Electric Vehicle Models, 2019-2028

5.4.4 Growth Trends in Aerospace Industry

5.4.4.1 Growth Indicators of Aerospace Industry, 2015-2033

5.4.4.2 Growth Indicators of Aerospace Industry, by Region, 2015-2033

5.5 Impact of Megatrends and Technology Disruption on Future Revenue Pockets of Manufacturers

5.5.1 Aerospace

5.5.1.1 Continued Technological Advancement

5.5.1.2 Unmanned Aircraft Systems (UAS)

5.5.1.3 In-Flight Entertainment & Connectivity

5.5.1.4 Strong Replacement Demand

5.5.1.5 Decline in Fuel Prices

5.5.1.6 Increasing Focus on Enhancing Safety and Efficiency

5.5.2 Automotive & Transportation

5.5.2.1 Electric Vehicles

5.5.2.2 Shared Mobility

5.5.2.3 Innovation in Batteries to Power Electric Vehicles

5.5.2.4 Revolutionary Transformation in Autonomous Driving

6 COVID-19 Impact on Industries

6.1 Overview

6.1.1 The Outbreak is Affecting the Economies Around the World

6.1.2 Effects on GDP of Countries

6.2 Aerospace Industry

6.2.1 Impact on Aircraft Production, MRO, and Other Services

6.2.1.1 Aftermarket

6.2.1.2 Original Equipment

6.2.2 Disruption in the Aviation Industry

6.2.3 Impact on Customers' Revenue

6.2.4 Response to COVID-19

6.2.4.1 Short-Term Strategies to Manage Cost Structure and Supply Chains

6.2.4.2 Analyst's Viewpoint on Growth Outlook and New Market Opportunities

6.3 Automotive Industry

6.3.1 Disruption in Automotive Industry

6.3.2 Most Affected Countries/Regions

6.3.2.1 China

6.3.2.2 Europe

6.3.2.3 US

6.3.3 Response to COVID-19

6.3.3.1 Short-Term Strategies to Manage Cost Structure and Supply Chains

6.3.3.2 Customers' Perspective on the Growth Outlook

6.3.3.3 Analyst's Viewpoint on Growth Outlook and New Market Opportunities

7 Unidirectional Tapes Market, by Resin

7.1 Introduction

7.2 Thermoplastic UD Tapes

7.3 Thermoset UD Tapes

8 Unidirectional Tapes Market, by Fiber

8.1 Introduction

8.2 Glass Fiber

8.3 Carbon Fiber

9 Unidirectional Tapes Market, by End-use Industry

9.1 Introduction

9.2 Aerospace & Defense

9.3 Automotive

9.4 Sports & Leisure

9.5 Others

10 Unidirectional Tapes Market, by Region

10.1 Introduction

10.2 North America

10.3 Europe

10.4 APAC

10.5 Middle East & Africa

10.6 South America

11 Competitive Landscape

11.1 Overview

11.2 Competitive Leadership Mapping

11.2.1 Star

11.2.2 Pervasive

11.2.3 Emerging Companies

11.2.4 Emerging Leaders

11.3 Strength of Product Portfolio

11.4 Business Strategy Excellence

11.5 Market Share Analysis

11.6 Competitive Scenario

11.6.1 New Product Launch

11.6.2 Merger & Acquisition

11.6.3 Joint Venture & Agreement

11.6.4 Collaboration

12 Company Profiles

12.1 Evonik Industries

12.2 Sabic

12.3 Toray Industries, Inc.

12.4 Hexcel Corporation

12.5 SGL Group

12.6 Teijin Limited

12.7 Solvay

12.8 BASF

12.9 Barrday

12.10 Celanese Corporation

12.11 Other Companies

12.11.1 Cristex

12.11.2 Victrex

12.11.3 TCR Composites

12.11.4 Sigmatex

12.11.5 Eurocarbon

12.11.6 PRF Composite Materials

12.11.7 Oxeon AB

12.11.8 Axiom Materials

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