Unidirectional Tapes (UD) Market Share, Size, Trends, Industry Analysis Report, By Resin Type (Thermoplastic, Thermoset), By Fiber (Carbon Fiber, Glass Fiber, Others), By End-Use (Aerospace & Defense, Automotive, Sports & Leisure, Others), By Region; Segment Forecast, 2022 - 2030
- Published Date:Mar-2022
- Pages: 114
- Format: PDF
- Report ID: PM2345
- Base Year: 2021
- Historical Data: 2018 - 2020
Report Outlook
The global Unidirectional Tapes (UD) market was valued at USD 197.29 million in 2021 and is expected to grow at a CAGR of 11.3% during the forecast period. Increasing demand for lightweight and durable material in various end-use industries such as aerospace & defense and automotive is expected to increase the demand for the product. Unidirectional tapes are nanocomposite materials made of carbon fiber or fiberglass. These unidirectional tapes are utilized as a common product in a variety of sectors, including automobile, aviation, and others.
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The COVID-19 pandemic has had a negative impact on the global Unidirectional Tapes (UD) market. The market saw a fall mainly owing to a reduction in demand from multiple industries. Travel bans and industry closers have decreased the demand for the product for a short period of time. However, the demand from the automotive and, aerospace & defense industry is increasing due to the reduction in lockdowns and restrictions and is expected to increase over the forecast period.
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Industry Dynamics
Growth Drivers
Considerations expected to drive the expansion of these unidirectional tapes over the forecast period include the increased use of these unidirectional tapes in foremost and supplementary airframe constructions, the increasing demands for manufacturing lighter weight automobiles, replacement of existing and older aircraft, the upgrading of the current airliner, as well as the increased demand for elevated components in other end-use industries.
Nevertheless, the high cost of production and transportation of unidirectional tapes coupled with increased pricing compared to other metals is expected to restrain the Unidirectional Tapes (UD) market's growth in the coming years.
Report Segmentation
The market is primarily segmented based on resin type, fiber, end-use, and region.
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By Resin Type |
By Fiber |
By End-Use |
By Region |
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Insight by Resin Type
The thermoplastic segment leads the global Unidirectional Tapes (UD) market due to its properties, including high tensile strength, excellent efficiency qualities, durability, resilience to humidity penetration, excellent efficiency qualities, and the capacity to withstand high-temperature settings. Furthermore, growth in the automobile industry, rising lightweight components demand coupled with rising application in numerous industries such as electronics and transportation are expected to increase segment growth over the forecast period.
Insights by Fiber
The glass fiber market segment is expected to hold the majority shares in the global market as these are more flexible than others. Furthermore, these glass fiber unidirectional tapes have high corrosion durability, are simple to manufacture, and are cost-effective for end-use industries such as aerospace and construction.
The carbon fiber segment is expected to grow at a considerable pace over the forecast period. Carbon fiber with polyesters ethyl ketone or polypropylene 12 (PA12) composites is generally used in situations demanding excellent performance and toughness. Carbon fiber is also lightweight than glass fiber and other materials such as steel and aluminum.
Insight by End-Use
The Aerospace & defense segment is expected to dominate the Unidirectional Tapes (UD) market over the forecast period due to increasing demand for lightweight and fuel-efficient aircraft. These unidirectional tapes are used in aircraft seats to reduce weight in order to improve fuel efficiency. Increasing demand for commercial and military aircraft due to increasing population and cross-border tension is expected to boost the product demand over the forecast period.
The automotive segment is expected to grow at a considerable pace due to the increasing demand for lightweight vehicles for better fuel efficiency. Furthermore, the rising adoption of electric cars is expected to increase the demand for the product in the automotive industry. Additionally, favorable initiatives taken by governments by several countries to promote electric vehicles in order to reduce carbon emissions are expected to boost the segment growth.
Geographic Overview
North America dominated the unidirectional tapes market in 2021 and is expected to maintain its dominance over the forecast period due to the presence of strong air and defense industry. Furthermore, increasing demand for light vehicles and aircraft is expected to propel the demand for the product in the region.
Asia Pacific is expected to grow at a considerable pace over the projected period owing to the rising demand for the product across the defense sector from countries including India and China. Moreover, the presence of key automobile industries such as Tata Motors, Hyundai Motor Company, and others is expected to create growth opportunities for market development.
Competitive Insight
Some of the key players operating in the global unidirectional tapes market include Axiom Materials, Barrday, Inc., BASF SE, Celanese Corp., Cristex Composite Materials, Eurocarbon, Evonik Industries AG, Hexcel Corp., Plastic Reinforcement Fabrics Ltd., PRF Composite Materials, SABIC, SGL Group, SHELDAHL, Solvay, S.A., TCR Composites, Inc., Teijin Ltd., Toray Industries, Inc., and Victrex plc.
These players are continuously investing in research & development and are adopting strategies such as product launches, technological advancement, mergers & partnerships, along with acquisitions & collaboration in order to increase their market presence and to expand their customer base.
For instance, Toray Advanced Composites, for example, revealed in May 2021 that it would develop its thermoplastic composite materials abilities to improve its 'Cetex' trademark of reinforced hybrid composite structures.
Unidirectional Tapes (UD) Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 197.29 Million |
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Revenue forecast in 2030 |
USD 493.75 Million |
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CAGR |
11.3% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD Million/Billion and CAGR from 2022 to 2030 |
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Segments covered |
By Resin Type, By Fiber, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies |
Axiom Materials, Barrday, Inc., BASF SE, Celanese Corp., Cristex Composite Materials, Eurocarbon, Evonik Industries AG, Hexcel Corp., Plastic Reinforcement Fabrics Ltd., PRF Composite Materials, SABIC, SGL Group, SHELDAHL, Solvay, S.A., TCR Composites, Inc., Teijin Ltd., Toray Industries, Inc., and Victrex plc. |
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