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Carbon Fiber Tape Market Size

Report ID: GMI6409
Published Date: Aug 2023
Report Format: PDF

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Carbon Fiber Tape Market Size

Carbon Fiber Tape Market was valued at around USD 1.7 billion in 2022 and is estimated to reach USD 5.5 billion by 2032. Carbon fiber tape offers a high strength-to-weight ratio, making it attractive to industries seeking lightweight materials with excellent mechanical properties. Industries like aerospace, automotive, and sports equipment use carbon fiber tape to reduce weight and improve performance.

Carbon Fiber Tape Market

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The aerospace and defense industries have a significant demand for carbon fiber tape due to its strength, stiffness, and resistance to corrosion. It is used in aircraft structures, rotor blades, unmanned aerial vehicles (UAVs), and various defense applications. The automotive industry seeks ways to reduce vehicle weight to improve fuel efficiency and reduce emissions.

Carbon Fiber Tape Market Report Attributes
Report Attribute	Details
Base Year:	2018
Carbon Fiber Tape Market Size in 2018:	USD 1.7 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	12.5%
2032 Value Projection:	USD 5.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Resin Type, Form, End-use, Region
Growth Drivers:	Increasing demand for light weight materials Expansion of the automotive industry Growing aerospace industry
Pitfalls & Challenges:	High cost of products Limited Production Capacity Design Complexity and Specificity

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Carbon fiber materials are relatively expensive compared to traditional materials like steel and aluminum. The high cost of raw carbon fibers contributes to the overall cost of carbon fiber tape, making it less cost-competitive in certain applications. The production capacity for carbon fiber materials, including carbon fiber tape, is limited compared to conventional materials. Carbon fiber tape requires specialized design and manufacturing processes, including precise layup and curing procedures.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market for carbon fiber tape recorded USD 1.7 billion in 2022 and is estimated to register USD 5.5 billion by 2032, due to increasing demand for carbon fiber tape in the aerospace and defense industries worldwide.

The carbon fiber market share from the epoxy segment was worth USD 0.8 billion in 2022 and is expected to witness rapid growth through 2032, due to rapid and widespread usage owing to the high strength, stiffness, and excellent adhesion of epoxy fiber tape.

U.S. industry size recorded USD 1.7 billion in 2022 and will see significant growth through 2023 - 2032, owing to the robust application in aircraft, rotorcraft, UAVs, and military operations.

Some of the prominent carbon fiber tape companies are Toray Industries, Inc., Mitsubishi Chemical Corporation, SGL Carbon SE, Teijin Limited (Teijin Carbon), Hexcel Corporation, Solvay S.A., Cytec Industries, Zoltek Companies, Inc., A&P Technology, Inc, Toray Composite Materials America, Inc., CompoTech Plus s.r.o., and Sigmatex Group.