Carbon Fiber Tapes Market Growth and Competitive Outlook by 2024-2031 - Evonik Industries AG, Solvay SA, Toray Industries Inc.

Carbon Fiber Tapes Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Carbon Fiber Tapes market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Carbon Fiber Tapes market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Carbon Fiber Tapes Market reached US$ 2.7 billion in 2023 and is expected to reach US$ 6.9 billion by 2031, growing with a CAGR of 12.5% during the forecast period 2024-2031.

What is Carbon Fiber Tapes Market?

Carbon fiber tapes are strong, lightweight materials commonly used in high-performance applications, including aerospace, automotive, and sports industries. Made from continuous carbon fiber filaments bound in a polymer matrix, these tapes offer exceptional strength-to-weight ratios, high stiffness, and corrosion resistance. They can be unidirectional, providing reinforcement in a single direction, or woven, for multi-directional strength. Carbon fiber tapes are often utilized in structural reinforcements, repairs, and composite manufacturing processes due to their ease of use and adaptability. Their use contributes to enhanced durability and reduced weight in complex engineering applications.

Key Players:

Profiles of some of the major players in the global Carbon Fiber Tapes market, which include:

Evonik Industries AG, Solvay SA, Toray Industries, Inc., SABIC, Hexcel Corporation, Teijin Limited, SGL Carbon, Mitsubishi Chemical Group Corporation, Avient Corporation and Celanese Corporation.

Industry Development:

In March 2024, scientists from Huazhong University of Science and Technology in Wuhan, China, published a research paper investigating laser treatment as a method to enhance the optical properties of carbon fiber tapes. Their study examined how targeted laser exposure could modify surface characteristics, potentially improving light absorption and reflection for specialized applications. This advancement in laser treatment aims to refine carbon fiber tapes' functional properties, broadening their usage in high-tech fields such as aerospace and optoelectronics where enhanced optical performance is increasingly critical.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Carbon Fiber Tapes market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Resin: Epoxy, Thermoplastic, Bismaleimide, Polyamide, Others.

By Form: Prepreg Tape, Dry Tape.

By Manufacturing Process: Hot Melt, Solvent Dip.

By End-User: Aerospace & Defense, Marine, Building & Construction, Sporting Goods, Pipes & Tanks, Others.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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Key Features:

➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.

➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.

➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.

➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.

➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.

➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.

➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.

➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.

➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.

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