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Carbon Fiber Tape Market Size
- Report ID: GMI6409
- Published Date: Aug 2023
- Report Format: PDF
Carbon Fiber Tape Market Size
Carbon Fiber Tape Market was valued at around USD 1.7 billion in 2022 and is estimated to reach USD 5.5 billion by 2032. Carbon fiber tape offers a high strength-to-weight ratio, making it attractive to industries seeking lightweight materials with excellent mechanical properties. Industries like aerospace, automotive, and sports equipment use carbon fiber tape to reduce weight and improve performance.
The aerospace and defense industries have a significant demand for carbon fiber tape due to its strength, stiffness, and resistance to corrosion. It is used in aircraft structures, rotor blades, unmanned aerial vehicles (UAVs), and various defense applications. The automotive industry seeks ways to reduce vehicle weight to improve fuel efficiency and reduce emissions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Carbon Fiber Tape Market Size in 2018: | USD 1.7 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 12.5% |
| 2032 Value Projection: | USD 5.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 191 |
| Segments covered: | Resin Type, Form, End-use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Carbon fiber materials are relatively expensive compared to traditional materials like steel and aluminum. The high cost of raw carbon fibers contributes to the overall cost of carbon fiber tape, making it less cost-competitive in certain applications. The production capacity for carbon fiber materials, including carbon fiber tape, is limited compared to conventional materials. Carbon fiber tape requires specialized design and manufacturing processes, including precise layup and curing procedures.
Frequently Asked Questions (FAQ) :
Carbon Fiber Tape Market Scope
