Carbon Fiber Tape Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Carbon Fiber Tape Market Analysis

Carbon fiber tape is a flat material made of carbon fiber that is suitable for graphite surface crack repair, lap joining, and sleeve winding, and specific strengthening of carbon fiber fabrication. Carbon fiber tapes are majorly applicable in aerospace and sporting goods industries for producing various materials such as golf shafts, bicycle frames, fuselage skins, and wing spars. In addition, they are applicable in medical, pipe & tank, automotive, and wind energy industries for various applications such as prosthetics, cosmetic components, and turbine blades. Carbon fiber tape is made from carbon fiber as a flat material that weighs as much as one-seventh as steel for a given strength. The carbon fiber core lasts longer than standard steel cable. In high-performance applications of several end-use industries, such as aerospace & defense, carbon fiber tape is preferred.

Key drivers of global carbon fiber tape market

In the aerospace industry, carbon fiber tapes are used on a large scale in the form of prepreg tapes. These tapes have high strength-to-weight capacities as compared to most conventional aerospace components, thereby promoting structurally and aerodynamically more effective designs. They find applications in both primary and secondary structures in the aerospace industry, which significantly contribute toward the growth of the global market. The expansion of the aerospace industry is further expected to fuel the demand for carbon fiber tapes. In addition, characteristics such as high abrasion resistance, high stiffness, and superior strength are expected to drive the market for carbon fiber tapes. 

Market scenario: opportunities and challenges

Manufacturers of carbon fiber tapes are focusing on the use of carbon fiber-reinforced epoxy resins, which, in turn, is expected to serve as a growth opportunity. Owing to the properties of epoxy resins such as toughness, transmissivity, elasticity, insulation, fatigue resistance, and chemical resistance, they are high in demand as they have superior properties and the ability to adapt to various fabrication techniques. In addition, the development of new technologies, such as automated tape laying and automatic fiber placement, has provided cost-effective, rapid, and accurate composite layups for composite parts production. However, high cost of carbon fiber processing and production impede the market growth.

COVID-19 scenario analysis

Owing to the outbreak of the COVID-19 pandemic, the global carbon fiber tape market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown. In addition, owing to delays of ongoing projects and nonarrival of raw materials, recent decline in the aerospace industry is one of the key factors that is likely to negatively impact the growth of carbon fiber tape market. Moreover, companies are dealing with missing sales and disrupted supply chains as production activities are shutdown. 

Key benefits of the report

• This study presents the analytical depiction of the global carbon fiber tape industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global carbon fiber tape market share.
• The current market is quantitatively analyzed to highlight the global carbon fiber tape market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global carbon fiber tape market research report

• Which are the leading market players active in the carbon fiber tape market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Carbon Fiber Tape Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights