Thermoplastic Unidirectional Tape Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Thermoplastic Unidirectional Tape Market – Introduction
The thermoplastic unidirectional tape market is projected to witness an optimistic outlook in the coming years on the backdrop of increasing popularity of composite materials across industrial sectors. Important end-users of the thermoplastic unidirectional tapes include transportation, aerospace, defense, sporting goods and others.
Transportation industry continues to present significant demand for thermoplastic unidirectional tapes wherein lightweight composites are highly sought after. Well aware of the opportunities, industry’s R&D efforts are focused on developing novel composite materials with enhanced capacities. Manufacturers continue to introduce new products and application-specific solutions, thereby maintaining the dynamics in the thermoplastic unidirectional tape marketplace.
Thermoplastic Unidirectional Tape Market – Notable Developments
Thermoplastic Unidirectional Tape Market Dynamics
Growing Application of Composite Materials to Fuels Market Growth
Application of composite materials is increasing across industrial sectors wherein the dependence of designers and builders on composites continues to grow. In particular, the use of thermoplastic composites is increasing as they offer materials with highly valued qualities such as recyclability and sustainability. The thermoplastic composite materials fulfill sustainability measures during processing such as short life cycle, no emission of volatile organic compounds and remolding ability. The thermoplastic unidirectional tape landscape continues to leverage developments of the composites industry to enhance the capabilities of the product.
Aerospace & Defense and Transportation Industries – Prominent End-users of Thermoplastic Unidirectional Tape
Thermoplastic unidirectional tapes find application in multiple end-user industries such as transportation, aerospace & defense, sporting goods and other industrial sectors such as building and construction. Manufacturers consistently align their business model to the evolving needs of customers by incorporating improvements in manufacturing, engineering and slitting capabilities of composite applications.
OEMs in the aerospace industry present strict specifications regarding thermoplastic unidirectional composites to be used in the industrial manufacturing process. Lucrative opportunities can be found in the transportation industry wherein increasing demand for fuel-efficient lightweight vehicles is complemented by the lightweight thermoplastic composites. Manufacturers continue to align their product portfolio with the stringent requirements in the aerospace, defense and transportation industries.
Sustainability Standards of Thermoplastic Composites Befit the Ongoing Industry Requirements
Thermoplastic composites continue to gain traction across end-user industries owing to the superior qualities of these materials in terms of recyclability and sustainability. Thermoplastic unidirectional tape providers continue to leverage sustainability of green composite materials that are based on thermoplastic starch and cellulose fiber.
As green composites are environment-friendly, their use across end-user industries holds potential to address the threat of petroleum-derived plastic waste dumps. Higher sustainability standards of thermoplastic composites continue to present lucrative opportunities for thermoplastic unidirectional tape market in the future.
Manufacturers Focus on Improving Mass Production and Cost-Efficiency
While sustainable composite materials are highly sought-after on the back of increasing demand for lightweight and strong materials, a number of caveats continues to challenge the growth of thermoplastic unidirectional tape market. Limitations of mass production and efficient cost are major milestones to be achieved by manufacturers in the future. High volume integration of composite material demands improved manufacturing process that also decreases the overall cost of the products. Developments are underway in the industry that are aiding in scalable manufacturing at affordable costs.
Thermoplastic Unidirectional Tape Market – Segmentation
Based in End-Use industry, the thermoplastic unidirectional tape market is segmented into,
Based on reinforcement type, the thermoplastic unidirectional tape market is segmented into,
Based on resin type, the thermoplastic unidirectional tape market is segmented into,
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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