Lucintel’s latest market report analyzed that global thermoplastic unidirectional tape provides attractive opportunities in the aerospace & defense, transportation, sporting goods, industrial, and other industries. The global thermoplastic unidirectional tape is expected to grow at a CAGR of 7.9% by 2026. In this market, transportation is the largest segment by end use industry, whereas glass fiber is largest by reinforcement type. The continuous innovation and development of new products and applications provides strategic growth path in this market.
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Based on end use industry, the global thermoplastic unidirectional tape is segmented into aerospace & defense, transportation, sporting goods, industrial, and others. The transportation segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to increasing demand for lightweight materials to achieve higher fuel efficiency and reusable and recyclable materials for environmental benefits are driving growth for this segment over the forecast period.
Browse in-depth TOC on “Global Thermoplastic Unidirectional tape”
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The global thermoplastic unidirectional tape is marked by the presence of several big and small players. Some of the prominent players offering global thermoplastic unidirectional tape include Cytec Solvay Group, QIYI Technology, Polystrand (Polyone), TenCate, Toho Tenax, and Celanese and others.
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