PUBLISHER: Grand View Research | PRODUCT CODE: 1679540
PUBLISHER: Grand View Research | PRODUCT CODE: 1679540
The global carbon fiber tapes market size is expected to reach USD 8.13 billion by 2030, expanding at a CAGR of 17.7% from 2025 to 2030, according to a new report by Grand View Research Inc. The rapidly rising demand for advanced materials with superior strength to weight ratio in the transportation sector is expected to bolster the market over the forecast period.
Carbon fiber tapes are emerging as one of the crucial materials in facilitating the automotive industry to curb vehicle emission, execute lightweight construction, and extend the range of e-mobility. However, the usage of the product in automotive applications is still in its nascent stage and is expected to offer excellent potential for the future.
Advancements in automated tape laying process are leading to facilitating the manufacturing of composites that are at par with steel in terms of structural integrity at a fracture load. Employment of software-controlled machine systems enables tapes laying for the creation of layup containing intricate shapes, thereby posing positive growth opportunities for the market.
Key end-users in the value chain are involved in process improvement research for the production of composite parts through tapes, especially for the automotive and aerospace sector. The aforementioned efforts are expected to enhance the processing speed, reduce the part cost, thereby boosting the adoption rate of the product in various end-use industries.