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Global Carbon Fiber Tapes Market to reach USD 4.92 billion by the end of 2029.

Global Carbon Fiber Tapes Market Size study & Forecast, by Form (Dry Tapes, Prepreg Tapes) by End-use (Aerospace & Defense, Automotive, Sports & Leisure, Other Applications) and Regional Analysis, 2022-2029

Product Code: CMGMM-47323872
Publish Date: 17-04-2023
Page: 200

Global Carbon Fiber Tapes Market is valued at approximately USD 2.31 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.4% over the forecast period 2022-2029. Carbon fiber tape is a type of strengthening tape made of thousands of parallel carbon fibers that are slightly bonded together. The use of fiber tape is ideal for lap joining, sleeve winding, selective strengthening of carbon fiber fabrications, and fixing fissures in graphite surfaces. It6 widely utilized material in the production of composite parts for automotive and aerospace components is carbon fiber tape as it offers properties such as light weight, high strength, and high rigidity. The rising focus on clean energy technologies, increasing application in aerospace, coupled with the growing awareness regarding the properties of carbon fiber tapes are the key factors that are stipulating the market demand across the globe.

In addition, the surge in the adoption of carbon fiber tapes in primary and secondary aircraft structures is further acting as a catalyzing factor for the market growth in the worldwide market. For instance, in the latest generations of aircraft, like the Airbus A380, Boeing 777x, and Boeing 737 MAX, carbon fiber tapes are highly utilized. The wing spars, wing skin, and six-section panels for the wing box of the recently introduced aircraft MS- 21 by Russian company Irkut, were made from carbon fiber tapes. Carbon fiber tapes account for 58% to 60% of the aircraft wing’s carbon fiber material. The novel design of aircraft in the future is anticipated to benefit market growth at a substantial rate. Moreover, the rising penetration of carbon fiber tapes in new applications, as well as the growing focus on the advancement of the recycling process are presenting various lucrative opportunities over the forecasting years. However, the high processing and manufacturing cost of carbon fiber and the transition of thermosetting resin to thermoplastic resin in prepreg carbon fiber tape is challenging the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Carbon Fiber Tapes Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing number of leading manufacturers of aircraft, along with the thriving expanding aerospace & defense industry. Whereas, Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising focus on replacing conventional metal components through utilizing advanced materials with lower weight and high strength, as well as growing R&D investment in the market space.

Major market players included in this report are:
Evonik Industries
Hexcel Corporation
Royal Tencate
SGL Group
Teijin Limited
Celanese Corporation

Recent Developments in the Market:
Ø In November 2021, Solvay and 9T Labs AG declared that the companies entered into a partnership agreement. Under this collaboration, Solvay focuses on the development of CF-reinforced bio-based high-performance polyamides, carbon fiber-reinforced polyetheretherketone (CF/PEEK), and CF-reinforced polyphenylene sulfide (CF/PPS) composite materials. The partnership significantly strengthens the variety of neat and carbon fiber-reinforced materials portfolio that 9T Labs currently provides to customers.
Ø In January 2020, Hexcel announced that the company entered into a collaborative agreement with Madshus, a leading innovator in the world of cross-country skiing. Based on specific design criteria for various cross-country ski types, the business offers Madshus three different Hi Tape products. The performance, efficiency of production, and surface polish of Madshus’ skis are enhanced by Hexcel’s innovative HiTape dry carbon tapes.

Global Carbon Fiber Tapes Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Form, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form:
Dry Tapes
Prepreg Tapes
By End-use:
Aerospace & Defense
Sports & Leisure
Other Applications

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Carbon Fiber Tapes Market, by Region, 2019-2029 (USD Billion)
1.2.2. Carbon Fiber Tapes Market, by Form, 2019-2029 (USD Billion)
1.2.3. Carbon Fiber Tapes Market, by End-use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Carbon Fiber Tapes Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Carbon Fiber Tapes Market Dynamics
3.1. Carbon Fiber Tapes Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising focus on clean energy technologies Surge in the adoption of carbon fiber tapes in primary and secondary aircraft structures
3.1.2. Market Challenges High processing and manufacturing cost of carbon fiber Transition of thermosetting resin to thermoplastic resin in prepreg carbon fiber tape
3.1.3. Market Opportunities Rising penetration of carbon fiber tapes in new applications Growing focus on the advancement of the recycling process
Chapter 4. Global Carbon Fiber Tapes Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Carbon Fiber Tapes Market, by Form
6.1. Market Snapshot
6.2. Global Carbon Fiber Tapes Market by Form, Performance – Potential Analysis
6.3. Global Carbon Fiber Tapes Market Estimates & Forecasts by Form 2019-2029 (USD Billion)
6.4. Carbon Fiber Tapes Market, Sub Segment Analysis
6.4.1. Dry Tapes
6.4.2. Prepreg Tapes
Chapter 7. Global Carbon Fiber Tapes Market, by End-use
7.1. Market Snapshot
7.2. Global Carbon Fiber Tapes Market by End-use, Performance – Potential Analysis
7.3. Global Carbon Fiber Tapes Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
7.4. Carbon Fiber Tapes Market, Sub Segment Analysis
7.4.1. Aerospace & Defense
7.4.2. Automotive
7.4.3. Sports & Leisure
7.4.4. Other Applications
Chapter 8. Global Carbon Fiber Tapes Market, Regional Analysis
8.1. Carbon Fiber Tapes Market, Regional Market Snapshot
8.2. North America Carbon Fiber Tapes Market
8.2.1. U.S. Carbon Fiber Tapes Market Form breakdown estimates & forecasts, 2019-2029 End-use breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Carbon Fiber Tapes Market
8.3. Europe Carbon Fiber Tapes Market Snapshot
8.3.1. U.K. Carbon Fiber Tapes Market
8.3.2. Germany Carbon Fiber Tapes Market
8.3.3. France Carbon Fiber Tapes Market
8.3.4. Spain Carbon Fiber Tapes Market
8.3.5. Italy Carbon Fiber Tapes Market
8.3.6. Rest of Europe Carbon Fiber Tapes Market
8.4. Asia-Pacific Carbon Fiber Tapes Market Snapshot
8.4.1. China Carbon Fiber Tapes Market
8.4.2. India Carbon Fiber Tapes Market
8.4.3. Japan Carbon Fiber Tapes Market
8.4.4. Australia Carbon Fiber Tapes Market
8.4.5. South Korea Carbon Fiber Tapes Market
8.4.6. Rest of Asia Pacific Carbon Fiber Tapes Market
8.5. Latin America Carbon Fiber Tapes Market Snapshot
8.5.1. Brazil Carbon Fiber Tapes Market
8.5.2. Mexico Carbon Fiber Tapes Market
8.5.3. Rest of Latin America Carbon Fiber Tapes Market
8.6. Rest of The World Carbon Fiber Tapes Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Evonik Industries Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. SABIC
9.2.3. Solvay
9.2.4. Hexcel Corporation
9.2.5. Royal Tencate
9.2.6. SGL Group
9.2.7. Teijin Limited
9.2.8. BASF SE
9.2.9. Celanese Corporation
9.2.10. Victrex
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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