Unidirectional Tapes (UD) Market Developments, Future Returns Worldwide and Top Key Players| SABIC, Toray Industries Inc, Hexcel Corporation, SGL Group

The UD tapes market is projected to grow from USD 194 million in 2021 to USD 332 million by 2026, at a CAGR of 11.4%, between 2021 and 2026.

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The report provides a comprehensive analysis of company profiles listed below:
• Ev0nik (Germany)
• SABIC (Saudi Arabia)
• Toray Industries Inc. (Japan)
• Hexcel Corporation (US)
• SGL Group (Germany)
• Teijin Ltd. (Japan)

"North America UD tapes market is estimated to register the highest CAGR during the forecast period."
The North America UD tapes market is segmented into US, and Canada. The US has been the driving force behind the rapid development of the market in North America as well as worldwide. The North American market is driven by the high economic growth rates and heavy investments across various industries such as aerospace & defense, automotive, and sports & leisure.

"The thermoplastic resin segment is expected to hold the largest share of the overall UD tapes market during the forecast period."
The thermoplastic resin segment accounted for the largest share of the overall UD tapes market in 2020. These tapes are used in a large number of industries, including aerospace & defense and sporting goods. They are widely used in the aerospace & defense industry due to their toughness, high strength, moisture absorption resistance, high-performance properties, and ability to survive under high-temperature conditions.

"The UD tapes market in the aerospace & defense end-use industry is expected to hold the largest share during the forecast period."
The aerospace industry accounted for the largest share, in terms of value, of the UD tapes market in 2020. This is due to the high demand for carbon fiber composites in commercial passenger aircraft. UD tapes have higher strength-to-weight capability than other traditional aerospace materials. High strength, high stiffness, and high abrasion resistance are achieved with the use of UD tapes in aircraft.

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Table Of Contents:-
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Market Inclusions
1.2.2 Market Exclusions
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary Of Changes

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Research Coverage:
This report provides detailed segmentation of the UD tapes market based on fiber, resin type, end-use industry, and region. Fiber is divided into glass fiber and carbon fiber. With respect to resin type, the UD tapes market has been segmented into thermoplastic and thermoset. Based on end-use industry, the market has been segmented into aerospace & defense, automotive, sports & leisure and others. Based on the region, the market has been segmented into the Asia Pacific, Europe, North America, South America, and the Middle East & Africa.

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This release was published on openPR.