Carbon Fiber Tape Market Analysis of Current and Future Industry Trends and Growth till 2032 |
| The 2022 global carbon fiber tape market reached a valuation of USD 2.6 Billion and is anticipated to demonstrate a 13% compound annual growth rate (CAGR) in revenue over the forecast period, as outlined in the most recent report by Reports and Data. Utilized in the production of lightweight structures like aircraft wings, automobile body components, and sporting goods, carbon fiber tapes boast exceptional mechanical characteristics, including high strength, stiffness, and resistance to fatigue. The aerospace industry significantly contributes to the market’s revenue growth due to the widespread adoption of carbon fiber tapes in both commercial and military aircraft manufacturing. Additionally, the automotive sector plays a pivotal role in driving market revenue growth, with increased usage of lighter materials like carbon fiber tapes to enhance fuel efficiency and reduce emissions in vehicles. The market is expected to experience further expansion due to rising demand for electric cars and the necessity for lightweight components in these vehicles. Another contributing factor to revenue growth stems from the use of carbon fiber tapes in constructing various sports equipment such as tennis rackets, golf clubs, and bicycles, stimulating development in the sports and leisure industry. The market is being propelled by the demand for lightweight, high-performance athletic products. To get sample PDF @ https://www.reportsanddata.com/download-free-sample/6105 Competitive Landscape: • Toray Industries Inc. • SGL Group • Mitsubishi Chemical Corporation • Hexcel Corporation • Gurit Holding AG • Zoltek Companies Inc. • Teijin Limited • Axiom Materials Inc. • Hingtex Group • Solvay SA Some Key Highlights from the Report • In 2022, the dominant revenue share was attributed to the continuous segment. Continuous carbon fiber tape stands out as an optimal material for high-performance applications requiring exceptional strength and durability, thanks to its superior strength-to-weight ratio. Moreover, its exceptional fatigue resistance makes it highly suitable for applications involving numerous loading cycles. What sets continuous carbon fiber tape apart from other varieties is its single, unbroken length of fibers. • During the same period, the aerospace and defense sector claimed the largest revenue share. This can be primarily attributed to the suitability of carbon fiber tape for use in aircraft and spacecraft components such as wings, fuselages, and propulsion systems owing to its impressive strength and stiffness-to-weight ratio. Additionally, the increased demand in the defense sector can be linked to the utilization of carbon fiber tape in ballistic armor and protective gear for military personnel. Read Full Report @ https://www.reportsanddata.com/report-detail/carbon-fiber-tape-market Based on Region market is segmented into: • North America • Europe • Asia-Pacific • South America • Middle East & Africa Product Type Outlook: • Continuous • Discontinuous Application Outlook: • Aerospace & Defense • Automotive • Sports & Leisure • Construction • Others Request for Customization of Report@ https://www.reportsanddata.com/request-customization-form/6105 About Reports and Data Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John W (Head of Business Development) Reports and Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Blogs | Press Release | Industry News | Our competencies Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports Browse More Latest Reports @ https://www.reportsanddata.com/report |