The global Unidirectional Tapes (UD) market size is expected to reach USD 493.75 Million by 2030 according to a new study by Polaris Market Research. The report “Unidirectional Tapes (UD) Market Share, Size, Trends, Industry Analysis Report, By Resin Type (Thermoplastic, Thermoset), By Fiber (Carbon Fiber, Glass Fiber, Other Fiber), By End-Use (Aerospace & Defense, Automotive, Sports & Leisure, Others), By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing adoption of the product in end-use industries such as aerospace & defense owing to its properties such as high strength, rigidity, lightweight, and several others are expected to increase the demand for the product over the forecast period. Furthermore, unidirectional fiber tapes are currently being evaluated for lorry truck subfloor, sides, and bulkheads, leading to lighter trailers and reduced fuel prices. Increasing demand for these unidirectional tapes in the automobile industry for manufacturing fuel-efficient lightweight vehicles is expected to propel the industry demand.
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The rising regulatory impetus to improve fuel economy vehicles would also stimulate demand for greater strength and lighter parts. The advancement of eco-friendly solution extraction technologies for sticky coatings is projected to boost industry demand during the forecast period.
The thermoplastic resin segment is anticipated to hold the major shares in the global market as these unidirectional tapes are widely employed in a variety of sectors, including sports equipment, aviation, and the military. This is due to its greater endurance and toughness, which are critical features in the production of ultralight airplanes.
North America is expected to dominate the global market over the forecast period due to increasing investment in the aerospace & defense sector. Furthermore, increasing demand from other end-use industries such as construction and marine is expected to propel the product demand.
Some of the major players operating in the global market are Barrday, Inc., Axiom Materials, BASF SE, Cristex Composite Materials, Toray Industries, Inc., Celanese Corp., Eurocarbon, Hexcel Corp., Plastic Reinforcement Fabrics Ltd., Evonik Industries AG, PRF Composite Materials, SGL Group, SABIC, SHELDAHL, TCR Composites, Inc., Solvay, S.A., Teijin Ltd., and Victrex plc.
Polaris Market Research has segmented the Unidirectional Tapes (UD) market report on the basis of resin type, fiber, end-use, and region:
Unidirectional Tapes (UD), Resin Type Outlook (Revenue - USD Million, 2018 - 2030)
Unidirectional Tapes (UD), Fiber Outlook (Revenue - USD Million, 2018 - 2030)
Unidirectional Tapes (UD), End-Use Outlook (Revenue - USD Million, 2018 - 2030)
Unidirectional Tapes (UD), Regional Outlook (Revenue - USD Million, 2018 - 2030)