Unidirectional Tapes (UD) Market projected to reach $906.1 million by 2032
From GlobeNewswire: 2025-01-24 09:00:00
The Unidirectional Tapes Market is set to reach USD 906.1 Million by 2032, growing at a CAGR of 13.0%. UD Tapes are used in aerospace, automotive, and sports industries for their strength and lightweight properties. Thermoplastic and carbon fiber UD tapes dominate the market, with North America leading in market share.
Thermoplastic UD tapes hold over 71% market share due to their recyclability and environmental resistance. Carbon fiber UD tapes, with over 80% market share, are crucial in aerospace and defense for their lightweight and high-strength properties. North America leads the UD tapes market with a 47% share, driven by aerospace, defense, automotive, and wind energy sectors.
In 2023, SABIC introduced the UDMAX GPE 46-70 tape, while Victrex plc launched VICTREX AETM 250-AS4 for the aerospace industry. These tapes offer enhanced mechanical performance, reduced weight, and improved corrosion resistance, contributing to the advancement of lightweight and durable engineering solutions. The Unidirectional Tapes (UD) Market Report for 2024-2032 provides insights on market trends, competitive landscape, segmentation by fiber, product, and end use, regional analysis, company profiles, and use cases. SNS Insider offers customized research options for more information and analysis. Stay informed with accurate market data and insights to make confident decisions.
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