Market Research Report
Unidirectional Tapes Market Size, Share & Trends Analysis Report By Resin (Thermoplastic, Thermoset), By Fiber (Glass, Carbon), By End Use (Aerospace & Defense, Automotive), And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||948114|
|Published||Content info||143 Pages
Delivery time: 2-3 business days
|Unidirectional Tapes Market Size, Share & Trends Analysis Report By Resin (Thermoplastic, Thermoset), By Fiber (Glass, Carbon), By End Use (Aerospace & Defense, Automotive), And Segment Forecasts, 2020 - 2027|
|Published: June 29, 2020||Content info: 143 Pages||
The global unidirectional tapes market size is expected to reach USD 517.9 million by 2027, registering a 14.0% CAGR, according to a new report by Grand View Research Inc. The rapidly rising demand for technologically advanced and fuel-efficient aircraft is expected to improve the application of the product in the aerospace and defense sector, thereby drving the overall market.
Unidirectional (UD) tapes offer superior strength to weight ratio as compared to other conventional aerospace materials. Thus, the UD tapes play a critical role in replacing the metal components in the primary and secondary structures of the aircraft. In addition, these tapes also offer exceptional abrasion resistance and high stiffness, thereby driving the demand.
Advancements in unidirectional tape prepreg technology are expected to enhance the laying up speed for thermoplastics composite parts. The aforementioned composite process development is projected to facilitate the aerospace sector to manufacture composite parts at higher speed and economy, thereby positively impacting the overall product demand.
Key players in the industry are continuously focusing on improving the manufacturing cost of the unidirectional tapes, which has emerged as the major growth constraint for the UD tapes market. In addition, the players are also employing efforts to commercialize the product usage in newly discovered applications, thereby increasing its market potential.