Carbon Fiber Tape Market | Key players operating in the market include Teijin Ltd., Toray Industries, Inc, Hexcel Corporation, Mitsubishi Chemical Holdings, and SGL Group

According to recent market research "Carbon Fiber Tape Market by form (Prepreg Tape, Carbon Tape), Resin (Epoxy, Thermoplastic, Polyamide), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace, Marine, Pipe & Tank, Sporting Goods), and Region - Global Forecast to 2025", The global carbon fiber tape market size is expected to grow from USD 1.5 billion in 2020 to USD 2.6 billion by 2025, at a CAGR of 12.0%, during the forecast period. Owing to an increase in the demand for high-performance materials with properties, such as high strength-to-weight ratio, good tensile strength, and electrical conductivity, the global carbon fiber tape market is expected to witness significant growth during the forecast period.

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Epoxy is the most widely used resin for carbon fiber prepreg tapes. It is a thermoset resin known for its excellent mechanical, electrical, and high heat resistance properties. It is also available in a wide variety of curing-agent variations. It has better physical, mechanical, and adhesion properties and low shrinkage compared to other resins. Carbon fiber prepreg tapes formulated using epoxy resin as a matrix have improved toughness, impact strength, and resistance to moisture and corrosion.

In the hot melt manufacturing process, heat and pressure are used to impregnate fibers with resin. It is also an environment-friendly process due to the use of water-based and solvent-free adhesives. In the hot melt process, resins with a very low percentage of solvents are used for the manufacturing of carbon fiber prepreg tapes. This process requires less coating, and high-speed production is possible with no thermal stress of the substrate. This process is used for manufacturing carbon fiber prepreg tapes for aerospace, sporting goods, marine, wind energy, medical, and other industries.

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Prepreg tapes are mainly used in aerospace and sporting goods industries for manufacturing wing spars, fuselage skins, bicycle frames, golf shafts, and others. They are also used in wind energy, automotive, pipe & tank, and medical industries for turbine blades, cosmetic components, prosthetics, and other applications. The emergence of new technologies, such as automatic fiber placement and automated tape laying, has provided precise, quick, and economical composite layups for the production of composite parts.

The growth of the aerospace industry is driven by the need for fuel-efficient and technologically advanced aircraft and the appreciation of the US currency that is affecting aircraft purchases. The global fleet size of aircraft is projected to double over the next two decades. The strength-to-weight ratio of carbon fiber tapes is higher than that of steel and aluminum. Carbon fiber tapes are used on a large scale in the aerospace industry in the form of prepreg tapes. Carbon fiber prepreg tapes have higher strength-to-weight capability than other traditional aerospace materials, and hence, facilitate more efficient designs, structurally and aerodynamically. In addition, high strength, high stiffness, and high abrasion resistance are achieved with carbon fiber tapes in aircraft. They are used in both primary and secondary structures in aircraft.

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The key players in the market include Teijin Ltd. (Japan), Toray Industries, Inc (Japan), Hexcel Corporation (US), Mitsubishi Chemical Holdings (Japan), and SGL Group (Germany). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the carbon fiber tape market.

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