The global Unidirectional Tapes (UD) Market size is projected to grow from USD 194 million in 2021 to USD 332 million by 2026, at a CAGR of 11.4% during the forecast period. The growing demand for UD tapes from end-use industries, such as aerospace & defense, automotive, and sports & leisure, is driving the UD tapes market. This demand has encouraged many companies to adopt various developmental strategies in the UD tapes industry to increase their presence in the market. The growth strategies, such as new product launch and merger & acquisition, were adopted by the players to increase their foothold and maintain sustained growth in the UD tapes market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=262388356
UD tapes are mainly used in aerospace & defense, automotive, and sports & leisure industries. In these industries, UD tapes are mainly used for localized reinforcements, lap joining, sleeve winding, repairs, and seam taping purposes. They provide superior properties, such as high tensile strength, high abrasion resistance, wear resistance, high modulus, high strength, high stiffness, low density, chemical resistance, and low creep.
The market for UD tapes in North America is projected to witness the highest growth during the forecast period due to the rising demand from the US and Canada. This is due to the growth in end-use industries, such as aerospace & defense, automotive, and sports & leisure in these countries. For instance, the aerospace industry is the major consumer of UD tapes in the region. UD tapes are mainly used in wing spars, wing skins, fuselage skin, access panels, rib stiffeners, brackets, conduit, and flooring. Carbon fiber slit tapes are used in aircraft seat frames.
The key players in the UD tapes market are Evonik Industries (Germany), SABIC (Saudi Arabia), Toray Industries (Japan), Hexcel Corporation (US), SGL Group (Germany), and Teijin Limited (Japan). They have adopted various developmental strategies such as acquisitions, new product launches, and agreements to increase share in the market.
Evonik Industries is a key player in the UD tapes market. The company has a strong geographic presence across the globe and a strong segment revenue. It has expertise in specialty chemicals. The company is active in more than 100 countries around the world. It is efficient in providing quality UD tapes. The products are capable of holding firmly and reliably against all the forces with low water absorption, and impressive mechanical properties. Thus, the company’s disruptive innovation in the field of UD tape has helped it sustain itself in the market.
Inquiry Before Buying: https://www.marketsandmarkets.com/RequestNewVersion.asp?id=262388356
In February 2017, Evonik Industries developed endless fiber-reinforced UD tapes with thermoplastic matrices to the marketable stage. It is now distributing them under the VESTAPE brand. It is manufacturing both glass and carbon fiber tapes using polyamide 12 and specialty high-temperature polyamides.
SABIC is a prominent market player in the market. The company manufactures UD tapes under the brand, UDMAXT. It is highly focused on manufacturing high-quality UD tapes. This has helped SABIC cater to the increasing demand for UD tapes in various end-use industries. The company is also focused on product innovation.
In March 2018, SABIC introduced UDMAX GPE 46–70 tape expanding portfolio of UDMAX UD fiber-reinforced thermoplastic composite tape products. UDMAX GPE 46–70 tapes provide increased mechanical performance while reducing weight. They also help in improving corrosion resistance in the most severe environments.
Read Our Trending Press Release Below:
Aramid Honeycomb Core Materials Market – Global Forecast to 2025
Polycarbonate Sheets Market – Global Forecast to 2025
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States