Global Unidirectional Tapes Market – Top Companies, Growth Factor, Analysis and Forecast 2024, SGL Group, Celanese Corporation, SABIC, PRF Composite Materials,
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Increasing demand from aerospace industry and high demand of these tapes from developed countries are among the major factors that are driving the unidirectional tapes market growth. The demand of these tapes is significantly increasing in the developed countries such as U.S. and Canada, due to their increasing use in commercial passenger aircraft. For example, they are used in manufacturing of Boeing 787 and Airbus A380 aircraft. According to Boeing, almost 7,290 airplanes will be delivered between 2014 and 2033 in North America. Hence, the increase in demand of aircrafts will eventually drive the market of these tapes.
High manufacturing and high processing cost is identified as major restraint in the growth of unidirectional tapes market. The manufacturing and processing cost of these tapes are high due to high cost of raw material and high labor cost.
The general process of manufacturing unidirectional tapes is to draw collimated raw strands into prepreg machine. In the prepreg machine, the strands coupled with molten resins are combined using heat and pressure. The mixture of these resins and fibers commonly travels between coated carrier papers or films through the machine for easy discharge.
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During the forecast period, North America is anticipated to account for the largest share in the market. The unidirectional tape market of the region is derived by the high economic growth and significantly increasing investment in the aerospace and defense industry. Along with that, the increasing demand for lightweight, technologically advanced and fuel efficient aircrafts is projected to drive the market growth.
Performance Composites Inc., Composites Evolution Ltd., SGL Group, Evonik Industries, Hexcel Corporation, SGL Group, Celanese Corporation, SABIC, PRF Composite Materials, and BASF SE are some of the major players operating in unidirectional tapes industry.
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