|
Home | Medical-Newswire.Com:
|
(Medical-NewsWire.com, September 27, 2023 ) The report "Thermoplastic Tapes Market by Fiber Type (Glass, Carbon), Resin Type (PAEK, PA, PPS, PP), Application (Aerospace & Defense, Automotive & Transportation, Oil & Gas, Sporting Goods, Medical & Healthcare), and Region - Global Forecasts to 2028", is estimated at USD 2.7 billion in 2023 and is projected to reach USD 4.4 billion by 2028, at a CAGR of 10.5% from 2023 to 2028. Factors such as the superior properties of thermoplastic tapes like corrosion resistance, lightweight and high strength, durability, and improved performance are positively driving the growth of the thermoplastic tapes Market. Thermoplastic composite materials are 50-70% lighter than steel and 25-30% lighter than aluminum. Increment in consumption of thermoplastic tapes is expected to increase owing to changing consumption patterns i.e. from heavy to lightweight composite, fuel efficiency, and cost-effectiveness. Further, the continuous innovation, new product development, and processing applications to create more promising opportunities in aerospace & defense, automotive & transportation, and other industries will bolster demand for the thermoplastic tapes market.
Browse in-depth TOC on "Thermoplastic Tapes Market”
168 - Market Data Tables
52 - Figures
192 - Pages
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=137180592
Glass fiber held the second largest market for thermoplastic tapes.
Glass fiber are used in various applications due to their low cost compared to traditional materials such as steel and aluminum. Glass fiber-based thermoplastic tapes are preferable over carbon fiber as they provide a quick and affordable way to build parts & molds and make repairs. Glass fibers are easy to process and less expensive but have low tensile strength and performance than carbon fiber. The glass fiber segment of the thermoplastic tapes market is expected to grow significantly in the coming years, driven by the low cost and easy processing of fiberglass that can be used in various applications .
PA segment holds the second-highest market in 2022.
Polyamide (PA)-based compounds are widely used thermoplastic composites worldwide. Thermoplastic composites containing PA resin matrix offer an ideal combination of properties suitable for automotive, aerospace & defense, energy, industrial, and electronics applications. Polyamide is easy to process, has high resistance to heat and chemical attack, good mechanical strength, and stiffness with good dielectric properties, friction, and wear resistance. It enables automotive OEMs to reduce weight without compromising vehicle performance. Polyamide, when used along with long carbon fibers, provides higher strength in automotive applications. In the automotive & transportation industry, PA is used for door modules, bumper stiffeners, and dashboard crossbeams.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=137180592
Middle East & Africa is expected to grow with a significant CAGR during the forecast period.
The thermoplastic tapes market in the Middle East & Africa includes the UAE, South Africa, and Rest of the Middle East & Africa. The market growth is attributed to the developing aerospace & defense, automotive & transportation industries in the region. Thermoplastic tapes are in demand in the Middle East & Africa due to their lightweight and corrosion-resistant properties. The oil & gas industry, aerospace & defense, automotive & transportation, and sporting goods markets are driving up the demand for these tapes in the region. Key aircraft manufacturers, such as Boeing, Airbus, and Bombardier, are targeting Gulf buyers for the business jet market. The demand for repairing existing pipes, tanks, and infrastructure in the oil & gas industry contributes to market growth. The increasing need for sporting goods is also driving the thermoplastic tapes market in the region.
Thermoplastic Tapes Market Key Players
The major players in the thermoplastic tapes market are Toray Industries, Inc. (Japan), SABIC (Saudi Arabia), Mitsui Chemicals, Inc. (Japan), Evonik Industries AG (Germany), Hexcel Corporation (US), Teijin Limited (Japan), Arkema (Netherlands), and Solvay (Belgium), BASF SE (US), and SGL Carbon (Germany), among others.
Toray Industries Inc. (Japan)
Toray Industries, Inc.(Japan) is a multinational corporation headquartered in Tokyo, Japan. It operates in various industries, including aerospace & defense, automotive & transportation, healthcare, energy, sports equipments, and consumer products. Toray Industries is known for its innovative products and solutions across different sectors.
Toray Industries offers thermoplastic composite tapes through its subsidiary, Toray Advanced Composites. Carbon fiber material composite segment. . It has manufacturing and research facilities in North America, Latin America, Europe, Africa, Asia, and other regions.
Don't miss out on business opportunities in Thermoplastic Tapes Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=137180592
Teijin Limited (Japan)
Teijin Limited offers advanced solutions for automotive & transportation, aerospace & defense, healthcare, electronics, energy and industrial. The company provides thermoplastic tapes through its subsdidiary, Toho Tenax. Teijin operates through the materials business field, healthcare, fiber & products converting, IT business, and other segments. The company has a geographical presence in Europe, North America, and Asia Pacific.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
