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(Construction.IndustryNews247.Com, August 30, 2018 ) Industry Outlook and Trend Analysis
The global Carbon Fibre Tape Market was worth USD 1.05 billion in 2014 and is expected to reach approximately USD 2.85 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 11.77% during the forecast period. The worldwide carbon fibre tape market is foreseen to develop at a considerable rate with the expanding use in air ship parts inferable from its unrivalled properties, for example, high strength, stiffness, and abrasion. Additionally, rising interest for the product in the production of aircraft structures including wing spars, wing competes, and access panels are anticipated to boost the market development over the estimate time frame.
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Form Type Outlook and Trend Analysis
The two types of carbon fibre tape are dry tape and prepreg tape. Prepreg tape is pre-impregnated with resin particularly epoxy tar to upgrade its physical and mechanical properties. Dry tape can be glue upheld or with no cement. Dry tape measures one seventh as much concerning steel for given quality. This tape is broadly used as a part of the aviation and brandishing merchandise industry which holds a huge share of the overall industry in the carbon fibre tape market.
Resin Type Outlook and Trend Analysis
Epoxy resin based carbon fibre prepreg tape is the dominating type of carbon fibre prepreg tape used crosswise over different businesses, for example, automotive, wind energy, sporting goods, and automotive. The epoxy resin based carbon fibre prepreg tape gives astounding electrical, mechanical, and high heat protection properties. They have enhanced mechanical, physical, and adhesion properties and low shrinkage in comparison to others.
End User Outlook and Trend Analysis
Carbon fibre tape is extensively used as a part of aircraft structures and components because of its prevalent properties, for example, high abrasion, high strength, and high stiffness. It likewise has strength to-weight ability in comparison with other conventional aviation materials. Expanding interest for carbon fibre tapes in the creation of essential and optional structures of aircraft, for example, access panels, wing spars, fuselage skin, wing skins, conduit, and flooring is boosting the carbon fibre tape market.
Regional Outlook and Trend Analysis
North America is the biggest market for carbon fibre tape all around because of the expanded interest for carbon fibre tape from pipe & tank, aerospace, automotive, marine, and medical ventures. Low-financing costs, the existence of leading players, and stringent ecological rules underlining on the usage of lightweight composite materials are anticipated to drive the market.
Competitive Insights
The leading players in the market are 3M, Koninklijke Ten Cate nv, SABIC, Teijin and Mitsubishi Rayon. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Carbon Fibre Tape Market is segmented as follows-
By Form Type:
Prepreg Tape
Dry Tape
By Resin Type:
Polyamide
Bismaleimide
Epoxy
Thermoplastic
Others
By End User:
Pipe & Tank
Sporting Goods
Marine
Aerospace
Construction & Infrastructure
Others
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com
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