Unidirectional Tapes (UD Tapes) Market to experience an impressive growth of 13.1% during 2018-2023

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Unidirectional Tapes (UD Tapes) Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Unidirectional Tapes (UD Tapes) Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2018-2023.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The Global Unidirectional Tapes (UD Tapes) Market: Highlights
Unidirectional tapes consist of endless fibers orientated in one direction embedded into thermoset or thermoplastic polymer matrix. The global UD tapes market is likely to witness an impressive CAGR of 13.1 % over the next five years, driven by a host of factors including organic growth of aerospace and defense, automotive, and sports & leisure industries coupled with increasing composites penetration in structural and semi-structural sections, excellent mechanical performance, and lightweight as compared to rivals including steel and aluminum. UD tapes are gaining traction in all the major end-use industries including aerospace & defense, automotive, and sporting goods.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• By Fiber Type : Glass Fiber UD Tapes, Carbon Fiber UD Tapes and Others
• By Resin Type : Thermoset Resin-based UD Tapes and Thermoplastic Resin-based UD Tapes
• By End-Use Industry Type : Aerospace & Defense, Automotive and Others
• By Region : North America, Europe, Asia-Pacific, and RoW

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/347/Unidirectional-Tapes-Market.html

Market Segments
The UD tapes market is segmented based on the fiber type as Glass Fiber UD Tapes, Carbon Fiber UD Tapes, and Other UD Tapes. The glass fiber segment is estimated to account for the largest share of the UD tapes market in 2017 and is projected to remain the most dominant segment over the next five years as well.
Carbon fiber UD tape, a relatively small segment, is likely to exhibit the highest growth during the same period, driven by an increasing demand for lightweight materials in aerospace & defense and automotive industries. Carbon fiber is lighter in weight as compared to other fibers including glass fiber as well as competing metals including aluminum and steel. Carbon fiber UD tape is gaining traction in the aerospace & defense and sporting goods industries.
Based on the resin type, the UD tapes market is bifurcated into Thermoset UD tapes and Thermoplastic UD tapes. Thermoplastic UD tape is likely to remain the most dominant segment during the forecast period. Most of the aerospace interior components, such as floor panels, seat frames, and luggage bins, are started manufacturing with thermoplastic UD tapes.
Based on the end-use industry type, the global UD tapes market is segmented into Aerospace & Defense, Automotive, Sporting Goods, and Others. Aerospace and defense is estimated to hold the largest share of the UD tapes market in 2017 and is expected to remain the largest segment during the forecast period as well.
The automotive industry, another considerable segment, is likely to be the fastest-growing segment of the market during the same period. Premium vehicles and electric vehicles are likely to procure most of the UD tapes in this segment in the coming years.
Based on regions, North America is projected to remain the most dominant market during the forecast period. The region is the manufacturing hub of aerospace industry with the presence of major aircraft OEMs as well as tier players. Further, major UD manufacturers are headquartered in the region to support the emergent needs of the OEMs. Boeing is the largest procurer of UD tapes in North America.
Europe and Asia-Pacific, other major regions, are also likely to exhibit excellent growth rates in the coming years, driven by a host of factors.

Players
The supply chain of this market comprises raw material suppliers, UD tape manufacturers, tier players, aircraft OEMs, airlines, and leasing companies. Major UD tape manufacturers are Evonik Industries, SABIC, Hexcel Corporation, TenCate, Teijin Limited, Celanese Corporation and BASF. Changing market dynamics and competitive landscapes are compelling the market players to keep advancing their materials and work closely with tier players to address their emergent market requirements. Advancement in resin system, collaborations with tier players and OEMs, and execution of mergers and acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Click Here for Other Reports from Stratview Research in the Advanced materials Industry:
https://www.stratviewresearch.com/market-reports/Advanced-Materials.html

Stratview Research
400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
sales@stratviewresearch.com

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. We are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.

This release was published on openPR.