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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

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    Report

  • 229 Pages
  • December 2022
  • Region: Global
  • Markets and Markets
  • ID: 5360301

The global carbon fiber tape market 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.

This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:

  • By Company Type: Tier 1 - 60%, Tier 2 - 20%, and Tier 3 - 20%
  • By Designation: C Level - 33%, Director Level - 33%, and Managers - 34%
  • By Region: North America - 20%, Europe - 25%, Asia Pacific (APAC) - 25%, Latin America - 10%, and Middle East & Africa (MEA) - 20%

The report provides a comprehensive analysis of company profiles listed below:

  • Toray Industries, Inc. (Japan)
  • Hexcel Corporation (US)
  • Teijin Limited (Japan)
  • Mitsubishi Chemical Holdings (Japan)
  • SGL Group (Germany)
  • Evonik Industries (Germany)
  • SABIC (Saudi Arabia)
  • Solvay (Belgium)
  • Royal DSM (Netherlands) 

Research Coverage 

This report covers the global carbon fiber tape market and forecasts the market size until 2027. It includes the following market segmentation - Resin (Epoxy, Thermoplastic, Bismaleimide, Polyamide, Others), Form (Prepreg Tape, Dry Tape), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace & Defense, Marine, Pipe & Tank, Construction & Infrastructure, Sporting Goods, and Others) and Region (Europe, North America, APAC, Latin America, and MEA). Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global carbon fiber tape market.

Key Benefits of Buying the Report

The report is expected to help market leaders/new entrants in this market in the following ways:

  1. This report segments the global carbon fiber tape market comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
  2. The report helps stakeholders understand the pulse of the carbon fiber tape market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisition. 

Reasons to Buy the Report

The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall carbon fiber tape market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

Frequently Asked Questions about the Global Carbon Fiber Tape Market

What is the estimated value of the Global Carbon Fiber Tape Market?

The Global Carbon Fiber Tape Market was estimated to be valued at $2.4 Billion in 2022.

What is the growth rate of the Global Carbon Fiber Tape Market?

The growth rate of the Global Carbon Fiber Tape Market is 13.0%, with an estimated value of $4.4 Billion by 2027.

What is the forecasted size of the Global Carbon Fiber Tape Market?

The Global Carbon Fiber Tape Market is estimated to be worth $4.4 Billion by 2027.

Who are the key companies in the Global Carbon Fiber Tape Market?

Key companies in the Global Carbon Fiber Tape Market include Evonik Industries, Hexcel Corporation, Mitsubishi Chemical Holdings, Royal Dsm, Sabic, Sgl Group, Solvay, Teijin Limited, Toray Industries Inc. and Zoltek Corporation.

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Inclusion & Exclusion
1.4 Market Scope
1.4.1 Markets Covered
1.4.2 Years Considered in the Report
1.5 Currency
1.6 Limitations
1.7 Stakeholders
1.8 Impact of Slowdown/Recession
1.9 Summary of Changes

2 Research Methodology
2.1 Market Share Estimation
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in Carbon Fiber Tape Market, 2022-2027
4.4 Carbon Fiber Tape Market, by Form
4.3 Carbon Fiber Prepreg Tape Market, by Resin Type
4.4 Carbon Fiber Prepreg Tape Market, by Manufacturing Process
4.5 Carbon Fiber Tape Market, by End-Use Industry
4.6 Carbon Fiber Tape Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Degree of Competition
5.4 Key Stakeholders & Buying Criteria
5.4.1 Key Stakeholders in Buying Process
5.4.2 Buying Criteria
5.5 Supply Chain Analysis
5.6 Ecosystem: Carbon Fiber Tape Market
5.7 Value Chain Analysis
5.9 Technology Analysis
5.10 Pricing Analysis
5.10.1 Average Selling Price of Key Players
5.11 Trade Analysis
5.12 Patent Analysis
5.13 Key Conferences & Events in 2023-2024
5.14 Trade Policy and Tariff Regulation for Export/Import
5.15 Global Regulatory Framework & Regulatory Bodies
5.16 Case Study Analysis
5.17 Raw Material Analysis
5.18 Trends and Disruptions Impacting Customers

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
10.1 Introduction
10.2 North America
10.2.1 Carbon Fiber Tape Market Size in North America, by End-Use Industry
10.2.2 Carbon Fiber Tape Market Size in North America, by Country
10.2.2.1 Canada
10.2.2.1.1 Carbon Fiber Tape Market Size in Canada, by End-Use Industry
10.2.2.2 U.S.
10.2.2.2.1 Carbon Fiber Tape Market Size in U.S., End-Use Industry
10.2.2.3 Mexico
10.2.2.3.1 Carbon Fiber Tape Market Size in Mexico, by End-Use Industry
10.3 Europe
10.3.1 Carbon Fiber Tape Market Size in Europe, by End-Use Industry
10.3.2 Carbon Fiber Tape Market Size in Europe, by Country
10.3.2.1 Germany
10.3.2.1.1 Carbon Fiber Tape Market Size in Germany, by End-Use Industry
10.3.2.2 France
10.3.2.2.1 Carbon Fiber Tape Market Size in France, by End-Use Industry
10.3.2.3 UK
10.3.2.3.1 Carbon Fiber Tape Market Size in Uk, by End-Use Industry
10.3.2.4 Russia
10.3.2.4.1 Carbon Fiber Tape Market Size in Russia, by End-Use Industry
10.3.2.5 Rest of Europe
10.3.2.5.1 Carbon Fiber Tape Market Size in Rest of Europe, by End-Use Industry
10.4 Asia-Pacific
10.4.1 Carbon Fiber Tape Market Size in Asia-Pacific, by End-Use Industry
10.4.2 Carbon Fiber Tape Market Size in Asia-Pacific, by Country
10.4.2.1 China
10.4.2.1.1 Carbon Fiber Tape Market Size in China, by End-Use Industry
10.4.2.2 Japan
10.4.4.2.1 Carbon Fiber Tape Market Size in Japan, by End-Use Industry
10.4.2.3 India
10.4.2.3.1 Carbon Fiber Tape Market Size in India, by End-Use Industry
10.4.2.4 South Korea
10.4.2.4.1 Carbon Fiber Tape Market Size in South Korea, by End-Use Industry
10.4.2.5 Rest of Asia-Pacific
10.4.2.5.1 Carbon Fiber Tape Market Size in Rest of Asia-Pacific, by End-Use Industry
10.5 South America
10.5.1 Carbon Fiber Tape Market Size in South America, by End-Use Industry
10.5.2 Carbon Fiber Tape Market Size in South America, by Country
10.5.2.1 Brazil
10.5.2.1.1 Carbon Fiber Tape Market Size in Brazil, by End-Use Industry
10.5.2.2 Argentina
10.5.2.2.1 Carbon Fiber Tape Market Size in Argentina, by End-Use Industry
10.5.2.3 Rest of South America
10.5.2.3.1 Carbon Fiber Tape Market Size in South America, by End-Use Industry
10.6 Middle East & Africa
10.6.1 Carbon Fiber Tape Market Size in Middle East & Africa, by End-Use Industry
10.6.2 Carbon Fiber Tape Market Size in Middle East & Africa, by Country
10.6.2.1 Saudi Arabia
10.6.2.1.1 Carbon Fiber Tape Market Size in Saudi Arabia, by End-Use Industry
10.6.2.2 South Africa
10.6.2.2.1 Carbon Fiber Tape Market Size in South Africa, by End-Use Industry
10.6.2.3 Rest of Middle East & Africa
10.6.2.3.1 Carbon Fiber Tape Market Size in Rest of Middle East & Africa, by End-Use Industry

11 Competitive Landscape
11.1 Introduction
11.2 Market Share Analysis
11.3 Market Ranking
11.4 Market Evaluation Framework
11.4.1 Product Launches and Developments
11.4.2 Expansions
11.4.3 Contracts and Agreements
11.4.4 Mergers & Acquisitions
11.5 Revenue Analysis of Top Market Players
11.6 Company Evaluation Matrix
11.6.1 Star
11.6.2 Emerging Leaders
11.6.3 Pervasive
11.6.4 Participants
11.7 Competitive Benchmarking of Key Startups/SMEs
11.8 Startups? Small and Medium-Sized Enterprises (SME) Evaluation Matrix
11.8.1 Progressive Companies
11.8.2 Responsive Companies
11.8.3 Dynamic Companies
11.8.4 Starting Block

12 Company Profiles
*(Business Overview, Products Mix, Recent Developments, SWOT Analysis, Analyst's View)
12.1 Evonik Industries
12.2 Solvay
12.3 Toray Industries Inc.
12.4 Mitsubishi Chemical Holdings
12.5 SABIC
12.6 Hexcel Corporation
12.7 Teijin Limited
12.10 SGL Group
12.11 Zoltek Corporation
12.12 Royal DSM
12.11 Other Companies
*Details Might Not be Captured in Case of Unlisted Companies.
Note: this is the Tentative List, We Will Provide You the Company Profiles of Major Companies in this Market.

13 Appendix

Executive Summary

Companies Mentioned

  • Evonik Industries
  • Hexcel Corporation
  • Mitsubishi Chemical Holdings
  • Royal Dsm
  • Sabic
  • Sgl Group
  • Solvay
  • Teijin Limited
  • Toray Industries Inc.
  • Zoltek Corporation

Methodology

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