Carbon Fiber Tape Market Analysis

Based on product, the carbon fiber tape market is segmented as epoxy-based, thermoplastic-based, others. Epoxy based held a majority market value of USD 0.8 billion in 2022. Epoxy resin-based carbon fiber tape is widely used in the aerospace and defense industries for its high strength, stiffness, and excellent adhesion to carbon fibers. It is used in aircraft components, rotor blades, UAVs, and other defense applications.

Based on form, the carbon fiber tape market is segmented as prepreg tape, dry tape. Prepreg Tape box held a dominant market share of around 60% in 2022. Prepreg carbon fiber tape is widely used in high-performance applications, including aerospace, automotive, and sports equipment. The prepreg form ensures consistent resin impregnation and facilitates ease of handling during layup.

Based on end-use the carbon fiber tape market is segmented as aerospace and defense, automotive, wind energy, sports and recreation, construction, others. Aerospace and Defense held a dominant industry share in 2022 and is anticipated to grow at 9.7% CAGR by 2032. The aerospace and defense industries demand carbon fiber tape for its high strength-to-weight ratio, which allows for lighter and more fuel-efficient aircraft and defense equipment.

U.S. dominated the North American region with majority carbon fiber tape market share and a revenue of USD 1.7 billion in 2022. The aerospace and defense industries demand carbon fiber tape for its high strength-to-weight ratio, which is crucial for aircraft, rotorcraft, UAVs, and military applications.