Thermoplastic Tapes Market

Thermoplastic Tapes Market Size, Share, Growth Analysis, By Fiber Type(Carbon Fiber, Glass Fiber, Others), By Resin Type(PAEK, PPS, PA, PP), By End-use Industry(Aerospace & Defense, Automotive & Transportation, Oil & Gas, Sporting Goods), By Region(North America, Asia Pacific, Europe, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG15E2581 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Thermoplastic Tapes Market Insights

Market Overview:

The thermoplastic tape market on a global scale is currently assessed at USD 2.7 billion as of 2023 and is anticipated to expand to USD 4.4 billion by the year 2028, exhibiting a compound annual growth rate (CAGR) of 10.5% between 2023 and 2028. This upward trajectory can be attributed to the aerospace and defense sector's growing need for enhanced fuel efficiency and reduced weight, prompting a heightened demand for thermoplastic tapes. These tapes are fashioned by intertwining numerous fibers with a thermoplastic resin, aiming for optimal functionality and performance.

Thermoplastic Tapes Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Thermoplastic Tapes was estimated to be valued at US$ XX Mn in 2021.

The Thermoplastic Tapes Market is estimated to grow at a CAGR of XX% by 2028.

The Thermoplastic Tapes Market is segmented on the basis of Fiber Type, Resin Type, End-use Industry, Region.

Based on region, the Thermoplastic Tapes Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Thermoplastic Tapes Market are , Toray Industries, Inc. , SABIC , Mitsui Chemicals, Inc. , Evonik Industries AG , Hexcel Corporation , Teijin Limited , Arkema , Solvay , BASF SE , SGL Carbon.

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Thermoplastic Tapes Market

Report ID: UCMIG15E2581

$5,300
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