The global unidirectional tapes market size is expected to reach USD 517.9 million by 2027, registering a 14.0% CAGR, according to a new report by Grand View Research Inc. The rapidly rising demand for technologically advanced and fuel-efficient aircraft is expected to improve the application of the product in the aerospace and defense sector, thereby drving the overall market.
Unidirectional (UD) tapes offer superior strength to weight ratio as compared to other conventional aerospace materials. Thus, the UD tapes play a critical role in replacing the metal components in the primary and secondary structures of the aircraft. In addition, these tapes also offer exceptional abrasion resistance and high stiffness, thereby driving the demand.
Advancements in unidirectional tape prepreg technology are expected to enhance the laying up speed for thermoplastics composite parts. The aforementioned composite process development is projected to facilitate the aerospace sector to manufacture composite parts at higher speed and economy, thereby positively impacting the overall product demand.
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Key players in the industry are continuously focusing on improving the manufacturing cost of the unidirectional tapes, which has emerged as the major growth constraint for the UD tapes market. In addition, the players are also employing efforts to commercialize the product usage in newly discovered applications, thereby increasing its market potential.
Unidirectional Tapes Market Report Highlights
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Unidirectional Tapes Market Segmentation
Grand View Research has segmented the global unidirectional tapes market on the basis of resin, fiber, end use, and region:
Unidirectional Tapes Resin Outlook (Volume, Thousand Sq.M, Revenue, USD Million, 2016 – 2027)
Unidirectional Tapes Fiber Outlook (Volume, Thousand Sq.M, Revenue, USD Million, 2016 – 2027)
Unidirectional Tapes End-use Outlook (Volume, Thousand Sq.M, Revenue, USD Million, 2016 – 2027)
Unidirectional Tapes Regional Outlook (Volume, Thousand Sq.M, Revenue, USD Million, 2016 – 2027)
List of Key Players in Unidirectional Tapes Market
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.A based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.2020 – 202
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