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Carbon Fiber Tape Market by Resin Type and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 133
  • SKU: IRTNTR73406
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The carbon fiber tape market share is estimated to reach a value of USD 1.59 billion from 2021 to 2026 at an accelerating CAGR of 11.19%.

The carbon fiber tape market has been broadly categorized into the following demographic segmentations: 

  • Resin Type - Epoxy, thermoplastic, bismaleimide, and polyamide
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

This carbon fiber tape market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The carbon fiber tape market report offers information on several market vendors, including 3M Co., ACP Composites Inc., Celanese Corp., Cevotec GmbH, Compagnie Chomarat, Cristex, Easy Composites Ltd., Eurocarbon BV, Evonik Industries AG, Gernitex, Hexcel Corp., Koninklijke DSM NV, Mitsubishi Chemical Corp., Saudi Arabian Oil Co., SGL Carbon SE, Teijin Ltd., and Toray Industries Inc. among others.

What will the Carbon Fiber Tape Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Carbon Fiber Tape Market Size for the Forecast Period and Other Important Statistics

 

Carbon Fiber Tape Market: Key Drivers, Trends, and Challenges

The increasing use of carbon fiber tape in aerospace is notably driving the carbon fiber tape market growth, although factors such as the high cost of carbon fiber may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the carbon fiber tape industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Carbon Fiber Tape Market Driver

The increasing use of carbon fiber tape in aerospace is one of the key drivers supporting the carbon fiber tape market growth. Major aircraft manufacturers such as Boeing and Airbus use carbon fiber tape for manufacturing aircraft components, which reduces aircraft weight. The excellent strength-to-weight ratio of carbon fiber reinforced polymers makes it suitable for aerospace applications, as aircraft engineers concentrate on producing efficient and light aircraft structures. Furthermore, automated fiber placement (AFP) of carbon fiber tape followed by liquid resin infusion or resin transfer molding (RTM) is used to improve cost, efficiency, and sustainability in the next generation of aircraft. These factors will increase the use of carbon fiber tape for aircraft manufacturing, which will have a positive impact on the market growth during the forecast period.

Key Carbon Fiber Tape Market Trend

Development in carbon fiber tape is one of the key carbon fiber tape market trends that is positively impacting the market growth. With the increasing penetration of carbon fiber tape in major end-use applications, including aerospace, wind energy, and automotive industry, major key manufacturers in the global carbon fiber tape are introducing new products with specific functionalities. For instance, in January 2022, Strohm and Evonik Industries AG got certification from DNV attesting that the unidirectional Carbon Fibre PA12 tape used for Strohm's Thermoplastic Composite Pipe (TCP) is suitable to use for dynamic sweet and sour hydrocarbons, water, and gas injection applications. The companies, in partnership with the Netherlands Aerospace Centre (NLR), helped in the development, qualification, and supply of PA12 for TCP applications following an investment and testing program over the past five years. Such instances are driving the carbon fiber tape market growth.

Key Carbon Fiber Tape Market Challenge

The high cost of carbon fiber is one of the factors hindering the carbon fiber tape market growth. Primarily, R&D and manufacturing costs of carbon fiber tape are higher than those of their substitutes. As the automotive industry is price sensitive, the high costs of carbon fiber tape limit its use in manufacturing lightweight, fuel-efficient vehicles. Though carbon fiber tape is used in the automotive industry in passenger vehicles, the ever-rising cost has restricted its use in luxury cars. Moreover, the industry is facing challenges in terms of automation, cost-cutting, and the development of a low-cost manufacturing process suitable for mass production. Thus, with the increasing demand for carbon fiber tape in aerospace, automotive, and pressure vessel applications, the large-scale production of cost-effective carbon fiber tape can be a challenge to the global carbon fiber tape market. This, in turn, will hinder the carbon fiber tape market growth during the forecast period.

This carbon fiber tape market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Carbon Fiber Tape Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • ACP Composites Inc.
  • Celanese Corp.
  • Cevotec GmbH
  • Compagnie Chomarat
  • Cristex
  • Easy Composites Ltd.
  • Eurocarbon BV
  • Evonik Industries AG
  • Gernitex
  • Hexcel Corp.
  • Koninklijke DSM NV
  • Mitsubishi Chemical Corp.
  • Saudi Arabian Oil Co.
  • SGL Carbon SE
  • Teijin Ltd.
  • Toray Industries Inc.

 

This statistical study of the carbon fiber tape market encompasses successful business strategies deployed by the key vendors. The carbon fiber tape market is fragmented and the vendors are deploying growth strategies such as price, quality, brand identity, and distribution channels to compete in the market.

Product Insights and News

  • 3M.com - The company offers 3M Wrap Film 1080-CF12 that is manufactured with two color layers for dimensional stability and durability.
  • Celanese.com - The company offers Celstran CFR-TP PA6 CF60-03 that is a 60 percent carbon fiber by weight polyamide 6 and continuous fiber reinforced thermoplastic composite tape.
  • Corporate.evonik.com - The company offers thermoplastic unidirectional tapes where carbon fibers are impregnated with polyether ether ketone or polyamide 12 as a thermoplastic matrix that offer a high-performance solution for applications where weakness is simply not acceptable.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The carbon fiber tape market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Carbon Fiber Tape Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for carbon fiber tape market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The high consumption of carbon fiber in industries such as aerospace, automotive, wind energy, and others. will facilitate the carbon fiber tape market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic severely affected the regional market. However, with the reopening of industrial activities due to the easing of lockdowns from 2021 onward, the regional carbon fiber tape market in focus is expected to regain momentum during the forecast period.

What are the Revenue-generating Resin Type Segments in the Carbon Fiber Tape Market?

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The carbon fiber tape market share growth by the epoxy segment will be significant during the forecast period. Epoxy resins have replaced polyester resins in most wind turbine applications as it offers better fatigue properties and stronger and more durable blades in comparison with polyester resins. The use of carbon composites such as epoxy resin makes the plane lighter and fuel-efficient. This helps reduce fares and makes flying more accessible to flyers. These factors of epoxy resins will drive the carbon fiber tape market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the carbon fiber tape market size and actionable market insights on post COVID-19 impact on each segment.

Parent Market Analysis

Technavio categorizes the global carbon fiber tape market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the carbon fiber tape market during the forecast period.

Carbon Fiber Tape Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the carbon fiber tape market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

 

Carbon Fiber Tape Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.19%

Market growth 2022-2026

$ 1.59 billion

Market structure

Fragmented

YoY growth (%)

10.78

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key consumer countries

US, China, Japan, Germany, and Russia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., ACP Composites Inc., Celanese Corp., Cevotec GmbH, Compagnie Chomarat, Cristex, Easy Composites Ltd., Eurocarbon BV, Evonik Industries AG, Gernitex, Hexcel Corp., Koninklijke DSM NV, Mitsubishi Chemical Corp., Saudi Arabian Oil Co., SGL Carbon SE, Teijin Ltd., and Toray Industries Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Carbon Fiber Tape Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive carbon fiber tape market growth during the next five years
  • Precise estimation of the carbon fiber tape market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the carbon fiber tape industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of carbon fiber tape market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Resin Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Resin Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Resin Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Resin Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Resin Type
      • Exhibit 26: Chart on Comparison by Resin Type
      • Exhibit 27: Data Table on Comparison by Resin Type
    • 5.3 Epoxy - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Epoxy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Epoxy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Epoxy - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Epoxy - Year-over-year growth 2021-2026 (%)
    • 5.4 Thermoplastic - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Thermoplastic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Thermoplastic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Thermoplastic - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Thermoplastic - Year-over-year growth 2021-2026 (%)
    • 5.5 Bismaleimide - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Bismaleimide - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Bismaleimide - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Bismaleimide - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Bismaleimide - Year-over-year growth 2021-2026 (%)
    • 5.6 Polyamide - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Polyamide - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Polyamide - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Polyamide - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Polyamide - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Resin Type
      • Exhibit 48: Market opportunity by Resin Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Russia - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Russia - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Russia - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 3M Co.
              • Exhibit 101: 3M Co. - Overview
              • Exhibit 102: 3M Co. - Business segments
              • Exhibit 103: 3M Co. - Key news
              • Exhibit 104: 3M Co. - Key offerings
              • Exhibit 105: 3M Co. - Segment focus
            • 10.4 Celanese Corp.
              • Exhibit 106: Celanese Corp. - Overview
              • Exhibit 107: Celanese Corp. - Business segments
              • Exhibit 108: Celanese Corp. - Key offerings
              • Exhibit 109: Celanese Corp. - Segment focus
            • 10.5 Evonik Industries AG
              • Exhibit 110: Evonik Industries AG - Overview
              • Exhibit 111: Evonik Industries AG - Business segments
              • Exhibit 112: Evonik Industries AG - Key news
              • Exhibit 113: Evonik Industries AG - Key offerings
              • Exhibit 114: Evonik Industries AG - Segment focus
            • 10.6 Hexcel Corp.
              • Exhibit 115: Hexcel Corp. - Overview
              • Exhibit 116: Hexcel Corp. - Business segments
              • Exhibit 117: Hexcel Corp. - Key news
              • Exhibit 118: Hexcel Corp. - Key offerings
              • Exhibit 119: Hexcel Corp. - Segment focus
            • 10.7 Koninklijke DSM NV
              • Exhibit 120: Koninklijke DSM NV - Overview
              • Exhibit 121: Koninklijke DSM NV - Business segments
              • Exhibit 122: Koninklijke DSM NV - Key news
              • Exhibit 123: Koninklijke DSM NV - Key offerings
              • Exhibit 124: Koninklijke DSM NV - Segment focus
            • 10.8 Mitsubishi Chemical Corp.
              • Exhibit 125: Mitsubishi Chemical Corp. - Overview
              • Exhibit 126: Mitsubishi Chemical Corp. - Business segments
              • Exhibit 127: Mitsubishi Chemical Corp. - Key news
              • Exhibit 128: Mitsubishi Chemical Corp. - Key offerings
              • Exhibit 129: Mitsubishi Chemical Corp. - Segment focus
            • 10.9 Saudi Arabian Oil Co.
              • Exhibit 130: Saudi Arabian Oil Co. - Overview
              • Exhibit 131: Saudi Arabian Oil Co. - Product / Service
              • Exhibit 132: Saudi Arabian Oil Co. - Key offerings
            • 10.10 SGL Carbon SE
              • Exhibit 133: SGL Carbon SE - Overview
              • Exhibit 134: SGL Carbon SE - Business segments
              • Exhibit 135: SGL Carbon SE - Key news
              • Exhibit 136: SGL Carbon SE - Key offerings
              • Exhibit 137: SGL Carbon SE - Segment focus
            • 10.11 Teijin Ltd.
              • Exhibit 138: Teijin Ltd. - Overview
              • Exhibit 139: Teijin Ltd. - Business segments
              • Exhibit 140: Teijin Ltd. - Key offerings
              • Exhibit 141: Teijin Ltd. - Segment focus
            • 10.12 Toray Industries Inc.
              • Exhibit 142: Toray Industries Inc. - Overview
              • Exhibit 143: Toray Industries Inc. - Business segments
              • Exhibit 144: Toray Industries Inc. - Key news
              • Exhibit 145: Toray Industries Inc. - Key offerings
              • Exhibit 146: Toray Industries Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 147: Inclusions checklist
                • Exhibit 148: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 149: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 150: Research methodology
                • Exhibit 151: Validation techniques employed for market sizing
                • Exhibit 152: Information sources
              • 11.5 List of abbreviations
                • Exhibit 153: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The carbon fiber tape market growth will increase by $1593.93 million during 2022-2026.
              The carbon fiber tape market is expected to grow at a CAGR of 11.19% during 2022-2026.
              Technavio has segmented the carbon fiber tape market by geographic (North America, Europe, APAC, South America, and Middle East and Africa).
              3M Co., ACP Composites Inc., Celanese Corp., Cevotec GmbH, Compagnie Chomarat, Cristex, Easy Composites Ltd., Eurocarbon BV, Evonik Industries AG, Gernitex, Hexcel Corp., Koninklijke DSM NV, Mitsubishi Chemical Corp., Saudi Arabian Oil Co., SGL Carbon SE, Teijin Ltd., Toray Industries Inc. are a few of the key vendors in the carbon fiber tape market.
              North America will register the highest growth rate of 36.09% among the other regions. Therefore, the carbon fiber tape market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the carbon fiber tape market growth are:
              • Increasing use of carbon fiber tape in the aerospace

                Major aircraft manufacturers such as Boeing and Airbus use carbon fiber tape for manufacturing aircraft components, which reduces aircraft weight. The excellent strength-to-weight ratio of carbon fiber reinforced polymers makes it suitable for aerospace applications, as aircraft engineers concentrate on producing efficient and light aircraft structures. Automated fiber placement (AFP) of carbon fiber tape followed by liquid resin infusion or resin transfer molding (RTM) is used to improve cost, efficiency, and sustainability in the next generation of aircraft. For instance, Hexcel HiTape dry UD tapes and HiMax carbon fiber reinforcements have been developed, which meet aerospace OEM cycle time and cost reduction targets for future aircraft programs. The company will develop carbon fiber-reinforced thermoplastic prepreg tapes that will enable faster production of lightweight parts for future generations of aircraft. In 2022 April, the company announced that it would present its latest thermoplastic (TP) UD tape materials and processing innovations for primary and secondary structures. The wide use of carbon fiber tape for aircraft manufacturing will have a considerable impact on the global carbon fiber tape market during the forecast period.


              • Development in carbon fiber tape

                With the increasing penetration of carbon fiber tape in major end-use applications, including aerospace, wind energy, and automotive industry, major key manufacturers in the global carbon fiber tape are introducing new products with specific functionalities. Some of the product developments are mentioned below: 

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