The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Carbon Fiber Tape Market is likely to witness an impressive CAGR of 12.2% during the forecast period.
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Carbon Fiber Tape Market Share: By Form Type
Based on the form type, the market is segmented as prepreg tape and dry tape. The prepreg tape segment accounted for the larger market share in 2019, and is likely to retain its dominance during the forecast period. The growth is attributed to the growing demand for prepreg tapes in various end-use industries such as sporting goods, aerospace, and automotive. The tape bears remarkable strength-to-weight-ratio, elevated toughness, and offers corrosion-fatigue resistance.
Carbon Fiber Tape Market Share: By End-Use Industry Type
Based on the end-use industry type, the market is segmented as aerospace, marine, pipe & tank, sporting goods, construction & infrastructure, and others. The aerospace industry segment is estimated to register the highest growth in the coming five years. The growth is attributed to the increasing demand for lightweight and strong-hi-performance materials.
Carbon Fiber Tape Market Share: By Region
In terms of regions, North America is estimated to hold the largest market share of carbon fiber tapes market in the coming five years. The market is sustained by the growing demand for premium performance materials in the aerospace industry. Asia-Pacific is also estimated to offer sizeable growth opportunities during the forecast period. China and India are the growth engines of the region.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Carbon Fiber Tape Market analysis report discusses the following heads in great detail:
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