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Thermoplastic Tapes Market worth $4.68 billion by 2030, growing at a CAGR of 8.43% - Exclusive Report by 360iResearch
Thermoplastic Tapes Market | 360iResearch
The Global Thermoplastic Tapes Market to grow from USD 2.65 billion in 2023 to USD 4.68 billion by 2030, at a CAGR of 8.43%.
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Thermoplastic tapes are advanced composite materials that consist of continuous fibers, such as glass, carbon, or aramid, impregnated with a thermoplastic polymer matrix. These high-performance tapes combine the advantageous properties of both their fiber and polymer constituents to provide excellent mechanical strength, dimensional stability, chemical resistance, and processability. Ongoing research on new materials, additives, and processing techniques continues to enhance the performance characteristics of thermoplastic tapes, making them more suitable for diverse applications. In addition, thermoplastics are recyclable materials that can be easily processed through heating and melting without degrading their mechanical properties, increasing the demand for thermoplastic tapes. However, the price volatility of key raw materials such as petroleum-based monomers and limited knowledge about the benefits and potential applications of thermoplastic tapes among end-users is a restraining factor for market growth. Moreover, advanced manufacturing processes such as additive manufacturing and smart recycling technologies for waste minimization are expected to create lucrative opportunities for thermoplastic tapes.
Thermoplastic tapes are garnering considerable attention in various industries worldwide due to their high-performance properties, such as strength-to-weight ratio and recyclability. In the Americas region, including the United States and Canada, there has been an increasing surge for lightweight materials in the aerospace & automotive sectors to enhance fuel efficiency and lower emissions. This has led to innovations focused on improving material properties such as heat resistance and developing new applications for thermoplastic composite tapes in structural components of vehicles. Major economies in the EU region have experienced a growing interest in advanced manufacturing technologies utilizing thermoplastic tapes for environmentally friendly initiatives. Further, European companies are heavily investing in R&D activities to create sustainable products that can replace conventional metal-based materials. Major economies in the Asia Pacific showcase significant market potential for thermoplastic tapes driven by their push towards sustainable development goals through new technologies adoption within industries like automotive and consumer electronics.
Market Segmentation & Coverage:
This research report categorizes the Thermoplastic Tapes Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Fiber Type, market is studied across Aramid, Carbon Fiber, Glass Fiber, and Natural. The Aramid is projected to witness significant market share during forecast period.
Based on Resin Type, market is studied across Polyamide, Polyphenylene sulfide, and Polypropylene. The Polypropylene is projected to witness significant market share during forecast period.
Based on End-use Industry, market is studied across Aerospace & Defense, Automotive & Transportation, Medical & Healthcare, Oil & Gas, and Sporting Goods. The Aerospace & Defense is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 43.34% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Thermoplastic Tapes Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Thermoplastic Tapes Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Thermoplastic Tapes Market, highlighting leading vendors and their innovative profiles. These include Arkema Group, Ashland Inc., Avient Corporation, Berry Global Inc., CompTape B.V, Covestro AG BY Stratasys, Essentra plc., Evonik Industries AG, FLEXcon Company Inc., H.B. Fuller Company, Intertape Polymer Group Inc. BY Clearlake Capital, Koninklijke DSM N.V., Lamart Corp., Maru Hachi Corporation, Merck KGaA, Mitsui Chemicals, Inc., PPM Industries SpA., Saudi Basic Industries Corporation, SGL Carbon BY Resistotech Industries, Solvay S.A., Suprem SA, TEIJIN LIMITED, tesa Tapes (India) Private Limited, Toray Advanced Composites, and Von Roll Holding AG.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Thermoplastic Tapes Market, by Fiber Type
7. Thermoplastic Tapes Market, by Resin Type
8. Thermoplastic Tapes Market, by End-use Industry
9. Americas Thermoplastic Tapes Market
10. Asia-Pacific Thermoplastic Tapes Market
11. Europe, Middle East & Africa Thermoplastic Tapes Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Thermoplastic Tapes Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Thermoplastic Tapes Market?
3. What is the competitive strategic window for opportunities in the Thermoplastic Tapes Market?
4. What are the technology trends and regulatory frameworks in the Thermoplastic Tapes Market?
5. What is the market share of the leading vendors in the Thermoplastic Tapes Market?
6. What modes and strategic moves are considered suitable for entering the Thermoplastic Tapes Market?
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