$6,106.39 Billion target for Carbon Tape Market by 2032, 4.4% CAGR

Carbon Tape Market Size Worth $6,106.39 Million By 2032 | CAGR: 4.4%


The global carbon tape market size is expected to reach USD 6,106.39 million by 2032, according to a new study by Polaris Market Research. The report “Carbon Tape Market Share, Size, Trends, Industry Analysis Report, By Resin (Epoxy, Thermoplastic, Bismaleimide, Polyamide, Others); By Form; By Manufacturing Process; By End Use Industry; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Technological advancements in the industry are going on in order to fulfill the increasing demand for carbon tape due to requirements in various applications, primarily the air force industry. One notable example is the creation of the first Russian robot by Rostec for manufacturing the MC-21 "Black" wing. The MC-21 aircraft features a composite or "black" wing, which reduces airframe weight and improves the lift-drag ratio. To produce this wing, robots are employed for automated carbon tape laying. The carbon tape is heated using lasers and then bonded together with the previous layer, ensuring a continuous laying process. The robot utilizes bobbin-wound tape, which can be as long as 3000 to 3500 meters. It demonstrates the industry's commitment to innovation and self-sufficiency, ensuring the availability of carbon tape despite external supply constraints.

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Growing technological advancements in the global economy are creating new growth potential for the carbon tape market. Asahi Kasei, in collaboration with the National Institute of Technology at Kitakyushu College and Tokyo University of Science, has recently developed an innovative technology for recycling carbon fiber plastic compounds. This technological advancement holds significant relevance for the carbon tape market and the broader carbon fiber industry. The development of this recycling technology addresses key environmental concerns and promotes sustainability within the carbon fiber sector. Carbon fiber plastic compounds typically consist of carbon fibers embedded in a polymer matrix. This development highlights the commitment of the industry to address environmental challenges and promote sustainable practices. The technology's impact on the carbon tape market lies in its potential to enhance resource efficiency, reduce costs, and reinforce the sustainability credentials of carbon fiber-based products.

Carbon Tape Market Report Highlights

  • Epoxy segment is anticipated to witness faster growth in the coming years due to the wide usage in repairing and maintenance of infrastructure.
  • Prepreg Tape segment accounted for the larger market share owing to its offering of design flexibility.
  • Hot melt segment is projected to experience a larger revenue share due to enhanced manufacturing efficiency.
  • Aerospace & Defense segment is projected to witness higher growth owing to the light weight and high strength requirements.
  • APAC is projected to register a higher growth rate in the study period owing to rising demand for composites in the region.
  • North America held the largest share, owing to the need for carbon tape due to increasing wind energy projects.
  • Players include Hexcel, Toray Industries, SGL Carbon, Mitsubishi, Teijin, Solvay, Gurit Holding & Axiom Materials.

Polaris Market Research has segmented the carbon tape market report based on resin, form, manufacturing process, end use industry and region:

Carbon Tape, Resin Outlook (Revenue - USD Million, 2019 - 2032)

  • Ерохy
  • Thermoplastic
  • Bismaleimide
  • Polyamide
  • Others

Carbon Tape, Form Outlook (Revenue - USD Million, 2019 - 2032)

  • Prepreg Tape
  • Dry Tape

Carbon Tape, Manufacturing Process Outlook (Revenue - USD Million, 2019 - 2032)

  • Hot Melt
  • Solvent Dip

Carbon Tape, End Use Industry Outlook (Revenue - USD Million, 2019 - 2032)

  • Aerospace & Defense
  • Marine
  • Pipe & Tank
  • Construction & Infrastructure
  • Sporting Goods
  • Others

Carbon Tape, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Carbon Tape Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 4,158.95 million

Revenue forecast in 2032

USD 6,106.39 million

CAGR

4.4% from 2023 - 2032

Base year

2022

Historical data

2019 - 2021

Forecast period

2023 - 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Resin, By Form, By Manufacturing Process, By End Use Industry, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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