According to the market research report “Unidirectional Tapes (UD Tapes) Market by Fiber Type (Glass, Carbon), Resin (Thermoplastic, Thermoset), End-use Industry (Aerospace & Defense, Automotive, Sports & Leisure), and Region (North America, Europe, Asia Pacific) – Global Forecasts to 2025″, is projected to grow from USD 151 million in 2020 to USD 256 million by 2025, at a CAGR of 11.1%. There has been wide acceptance of UD tapes in various industries such as aerospace & defense, automotive, sports & leisure, which is expected to drive the market. The increasing use of UD tapes in primary & secondary structures of commercial aircraft and the high demand for commercial aircraft are driving the UD tapes market in the aerospace industry.
market data Tables and 49 Figures spread through 175
Pages and in-depth TOC on “Unidirectional Tapes (UD Tapes) Market
– Global Forecast to 2025”
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/unidirectional-tape-market-262388356.html
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 factor has encouraged many companies to adopt various developmental strategies in the UD tapes industry. New product launch accounted for the largest share of all the strategies adopted by the market players between 2015 and January 2018. This growth strategy was adopted by the players to increase their foothold and maintain sustained growth in the UD tapes market. Evonik Industries (Germany), SABIC (Saudi Arabia), SGL Group (Germany), and Victrex (UK) are some of the leading UD tapes manufacturers who have adopted this strategy to develop their businesses, globally.
Besides new product launch, companies also adopted the strategy of expansions to expand their market share and distribution network. These strategies accounted for a significant share of the overall growth strategies adopted by the players in the UD tapes market between 2015 and 2018.
Evonik Industries (Germany), SABIC (Saudi Arabia), SGL Group (Germany), and Victrex (UK) are the most prominent players in the UD tapes market. These companies have mainly adopted new product launch and expansion strategies in the past three years to achieve growth in the UD tapes market.
Evonik Industries engages in the specialty chemicals business, globally. The company operates through four business segments, namely, resource efficiency, nutrition & care, performance materials, and services. It primarily manufactures specialty chemicals for applications in the animal nutrition, consumer goods, and healthcare sectors. Evonik Industries manufactures UD tape VESTAPE, which offers good mechanical properties, reduced thermal expansion, low shrinkage, and can withstand the highest loading requirements. In February 2017, Evonik Industries introduced endless fiber-reinforced UD tapes under the VESTAPE brand. The company is manufacturing both glass and UD tapes using polyamide 12 and specialty high-temperature polyamides.
Get 10% FREE Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=262388356
SABIC is a diversified chemical company. The company operates through three main segments, namely, chemicals, metals, and agro-nutrients. It has a strong customer base and operates in many countries of Europe, North America, APAC, South America, and the Middle East. UD tapes are manufactured by SABIC’s Fiber Reinforced Thermoplastics (FRT) business. It is a SABIC affiliate company based in the Netherlands. The company manufactures UD tapes under UDMAX brand. In March 2018, SABIC introduced UDMAX GPE 46–70 tape, expanding the portfolio of UDMAX UD fiber-reinforced thermoplastic composite tape products.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062