Unidirectional Tapes (UD) market size to grow at a CAGR of 13.6% through 2027 – Reports and Data
It is estimated that unidirectional thermoplastic tape will dominate the market in the coming years due to its increasing demand.
NEW YORK, NY, USA, October 11, 2021 /EINPresswire.com/ – The market size for unidirectional belts is expected to reach $ 499.0 million by 2027, according to a new report from Reports and Data. It is estimated to increase at a rapid rate during the forecast period due to its increasing demand from industries such as aerospace and defense, automotive and others. The product consists of endless fibers which are embedded in the thermoplastic or thermosetting polymer matrix and are oriented in one direction.
The market is believed to be in high demand due to its increasing application in lightweight and high strength components in the automotive industry. In addition, increasing government pressure to improve energy efficiency is believed to stimulate demand for lightweight parts, thereby propelling product growth. Unidirectional tapes in the automotive industry are widely used to provide a solution to such issues as aesthetics, safety and efficiency. The expansion of the automotive industry in developing regions such as India, Indonesia, Japan, China and others is expected to drive the growth of the market in the coming years.
All over the world, industries are implementing techniques to cost-effectively manufacture low weight, high strength parts. The unidirectional tapes are expected to serve the above purposes and increase the demand for various other applications.
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The impact of COVID-19:
The COVID-19 epidemic has had a total impact on the global economy. Closed foundries and canceled events in the one-way belt industry are not spared by the increase in coronavirus infections from China. With the cancellation of international fairs, infectious disease is also having a global impact. Containment in several regions has severely impacted the market around the world. In addition, big players like the Evonik suspend most of his business trips. Their events have been postponed or canceled. Personal social contact is kept to a minimum in order to minimize the risk of infection. Industries that send their workers to quarantine (those in need) and work with a reduced workforce will negatively impact the burgeoning one-way tape market.
Other key findings from the report suggest
Among the end-use industry segment, aerospace and defense dominate the market and will continue to dominate the market during the forecast period due to the need for technologically advanced and fuel efficient aircraft.
Among the resin-type segment, currently, unidirectional thermoplastic tape dominates the market with 58.5% of the global revenue, and it will continue to dominate with an estimated CAGR of 13.8% over the forecast period.
North America currently dominates the market and will continue to dominate due to the presence of major aircraft OEMs and manufacturing units in the aerospace industry.
All over the world, companies are trying to reduce the effects of global warming and are exploring the potential of one-way bands to reduce greenhouse gas emissions. The difficulty of recycling fiberglass is a stumbling block, mainly in the automotive and construction sectors, where recycling pressure is strong.
BMW has used unidirectional tapes extensively to reinforce the roof of its M-series cars. In addition, these tapes are also used in the F-1 composite chassis of Ferrari’s hybrid car, and CAMISMA is planning a lightweight seat design. With increasing demand for these lightweight, high strength component products in automotive applications, belts are expected to register a CAGR of 13.8% during the forecast period.
Major participants include Evonik Industries, SABIC, Solvay, Hexcel Corporation, Royal Tencate, SGL Group, Teijin Limited, Celanese Corporation, BASF and Victrex, among others.
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For the purpose of this report, reports and data have segmented the Unidirectional Tapes market on the basis of resin type, fiber, end-users, and region:
Resin Type Outlook (Revenue, USD Million; 2017-2027)
Thermoplastic UD tapes
UD thermosetting tapes
Fiber Outlook (Revenue, USD Million; 2017-2027)
End User Outlook (Revenue, USD Million; 2017-2027)
Aerospace and Defense
Sports & Leisure
Regional Outlook (Revenue, USD Million; 2017-2027)
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Key questions addressed in this research study:
What is the world production, the production value and the consumption value?
Who are the main global manufacturers in the market? How are their operating situation?
What are the types and applications of the market?
What is the market share worth of each type and application?
What are the upstream raw materials and manufacturing equipment?
What is the manufacturing process?
What will the market size and growth rate be in 2027?
What are the key factors driving the market?
Chapter 1. Market synopsis
1.1. Market definition
1.2. Scope and premise of the research
1.4. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2019-2027
Chapter 3. Indicative measures
Chapter 4. Unidirectional Belts Market Segmentation and Impact Analysis
4.1. Materials Segmentation Analysis of Unidirectional Tapes Market
4.2. Industrial outlook
4.2.1. Analysis of market indicators
Browse the full research study @ https://www.reportsanddata.com/report-detail/unidirectionnel-ud-tapes-market
Customization of the report is available according to user requirements to ensure maximum usefulness to the reader and an increased level of understanding.
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