Carbon Fibre Tape Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

Prepreg Tapes is the fastest growing segment, North America is the largest regional market

The Global Carbon Fibre Tape Market, valued at USD 2.86 Billion in 2024, is expected to grow at a CAGR of 10.35% to reach USD 5.17 Billion by 2030. Carbon fibre tape - comprised of continuous carbon fibers in dry or resin-impregnated formats - is known for its exceptional strength-to-weight ratio, stiffness, and durability. Demand is strongly driven by the rising need for lightweight, high-performance materials across aerospace, defense, automotive, wind energy, and infrastructure applications, where weight reduction, enhanced fuel efficiency, and structural optimization are critical.

Key Market Drivers

Increasing Demand for Lightweight Materials

The primary driver of the carbon fibre tape market is the accelerating demand for lightweight, high-strength materials in sectors such as aerospace and automotive. Carbon fibre tapes offer significant weight reductions compared with metals while maintaining superior mechanical performance. For example, automotive applications can achieve up to 70% weight savings versus steel, as noted by Wolf Composites in July 2025. These reductions contribute directly to improved efficiency, enhanced design flexibility, and regulatory compliance, making carbon fibre tape increasingly essential for next-generation lightweighting strategies.

Key Market Challenges

High Production Costs

High production expenses remain a major barrier to market expansion. Carbon fibre tape manufacturing involves costly precursor materials, complex and energy-intensive processes, and substantial upfront capital requirements for facilities and equipment. These costs elevate final product pricing, limiting adoption in cost-sensitive industries despite the material’s superior performance. While the global carbon fiber industry was valued at USD 3.2 billion in 2023 (American Composites Manufacturers Association), persistent high costs continue to constrain broad integration and slow capacity scaling.

Key Market Trends

Growing Adoption of Thermoplastic Carbon Fibre Tapes

A significant trend shaping the market is the rising adoption of thermoplastic carbon fibre tapes, favored for their faster processing, recyclability, and improved impact resistance compared to thermoset options. Their superior formability and suitability for high-volume production make them particularly attractive for automotive, aerospace, and emerging mobility applications. EuCIA reported that the European thermoplastic composites market reached 1,423 kilotons in 2023, reflecting substantial uptake. Additionally, Victrex plc noted strong momentum in May 2024, with its Transport segment reporting an 18% rise in Aerospace sales and a 14% increase in Automotive sales, reinforcing the shift toward thermoplastic composite solutions that support both performance and sustainable manufacturing.

Key Market Players Profiled:

• Evonik Industries AG
• Saudi Basic Industries Corporation
• Solvay S.A.
• Hexcel Corporation
• TenCate Protective Fabrics
• SGL Carbon SE
• TEIJIN LIMITED
• BASF SE
• Celanese Corporation
• Victrex plc

Report Scope:

In this report, the Global Carbon Fibre Tape Market has been segmented into the following categories:

By Form:

• Dry Tapes
• Prepreg Tapes

By End User:

• Aerospace & Defense
• Automotive
• Sports & Leisure
• Other

By Region:

• North America
• Asia-Pacific
• Europe
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Carbon Fibre Tape Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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