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The global Unidirectional Tapes Market is forecast to reach USD 499.0 Million by 2027, according to a new report by Reports and Data.
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Unidirectional (UD) Tapes Market To Reach USD 499.0 Million By 2027 www.reportsanddata.com
Market Summary The global Unidirectional Tapes Market is forecast to reach USD 499.0 Million by 2027, according to a new report by Reports and Data. This is estimated to grow at a rapid pace over the forecasted period owing to its increasing demand from industries such as aerospace & defense, automotive, and others. The product consists of endless fibers that are embedded into the thermoplastic or thermoset polymer matrix and are oriented in one direction. Across the globe, industries are implementing techniques to cost-efficiently manufacture parts that have low weight and high mechanical strength. The unidirectional tapes are expected to serve the aims aforementioned and increase demand for various other applications. The market is estimated to witness high demand owing to its rising application in the lightweight and high-strength components from the automotive industry. Moreover, increasing government pressure on improving fuel efficiency is estimated to drive the demand for lightweight parts, thereby propelling the growth of the product. Read More @ https://www.reportsanddata.com/report-detail/unidirectional-ud-tapes-market
Market Summary Key players include Evonik Industries, SABIC, Solvay, Hexcel Corporation, Royal Tencate, SGL Group, Teijin Limited, Celanese Corporation, BASF, and Victrex, among others Resin Type Outlook (Revenue, USD Million; 2017-2027) Thermoplastic UD tapes, Thermoset UD tapes Fiber Outlook (Revenue, USD Million; 2017-2027) Glass Fiber, Carbon Fiber End-User Outlook (Revenue, USD Million; 2017-2027) Aerospace & Defense, Automotive, Sports & Leisure, Others
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