The thermoplastic tapes market is estimated at USD 2.2 Bn in 2022 and is projected to reach USD 3.0 Bn by 2029, at a CAGR of 4.7% from 2022 to 2029.A new research report by Future Market Insights (FMI) on the thermoplastic tape market includes global industry analysis 2014 – 2021 and opportunity assessment 2022 – 2029. The report investigates the Thermoplastic Tape Market and provides critical insights for the forecast period of 2022 – 2029.
As per findings of the report, the global thermoplastic tape market is expected to witness a substantial growth during the forecast period. Low cost and effective performance of the thermoplastic tape in the manufacturing of automotive components are expected to drive the market growth in the upcoming years.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10478
In addition to enhancing visual appearance of the automotive parts, the diversification in usage and consumption of thermoplastic tape in different end-use sectors including aerospace and building & construction is likely to drive the market growth in the next ten years.
Manufacturers Foresee Lucrative Opportunities in East Asia
Europe will continue to hold a prominent share in the thermoplastic tape market. However, high growth opportunities are expected in East Asia in 2021 and beyond. China is anticipated to represent high incremental opportunity and maximum growth rate in the region. With mounting environmental concerns, the government in the country are continuously imposing regulations to reduce dependency on fossil fuel, which led to increased adoption of composites in automotive and aircraft manufacturing. As a result, thermoplastic tape is likely to gain significant traction in the East Asian countries.
Industry Leader’s Perspective:
According to R&D Vice President of Arkema – leading player in the thermoplastic tape market, carmakers in Europe are focusing on the development of lighter vehicles by replacing metal components with composites, in order to achieve the carbon emissions cap for new cars which will drop from 130 grams to 95 grams per kilometre by 2020. The company’s thermoplastic is set to be a part of this solution, by offering lightweight, efficient, recyclable properties.
Are you looking for customized information related to the latest trends, drivers, and challenges? @ https://www.futuremarketinsights.com/customization-available/rep-gb-10478
Competitive Landscape
The key manufacturers operating in the thermoplastic tapes market are trying to focus on innovative product launches and expansion due to the increasing demand from the automotive and aerospace sectors.
- In May 2021, Teijin Limited launched a new carbon fiber thermoplastic unidirectional pre-impregnated tape. This tape is based on PPS.
- In Feb 2021, MaruHachi Corporation installed a new UP tape line for high-temperature thermoplastic tapes and multi-layer sheet laminates for demanding segments such as aerospace and automotive.
Key Players:
- Evonik Industries AG
- Toray Advanced Composites
- Solvay S.A.
- Mitsui Chemicals Inc.
- Arkema S.A.
- Teijin Limited
- Covestro AG
- Koninklijke DSM N.V.
- Sabic Corporation
- MaruHachi Corporation
Speak to Our Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-10478
Thermoplastic Tapes Market By Category
By thickness:
- Up to 0.20 mm
- 0.21 – 0.40 mm
- More Than 0.40 mm
By material type:
- Fiber
- Carbon
- Glass
- Others
- Resin
- PAEK
- PC
- PA
- PET
- TPU
- PP
- Others (PPS, etc.)
By end use:
- Aerospace
- Automotive
- Building & Construction
- Industrial Goods
- Oil & Gas
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East and Africa
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
