Unidirectional Tapes (UD Tapes) Market projected to reach worth 316.3 million USD by 2023

1. MarketsandMarkets Presents Unidirectional Tapes (UD Tapes) Market worth 316.3 million USD by 2023 https://www.marketsandmarkets.com/Market-Reports/unidirectional-tape-market-262388356.html

2. The 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 Forecast to 2023", The unidirectional tapes (UD Tapes) market is projected to grow from USD 165.8 million in 2018 to USD 316.3 million by 2023, at a CAGR of 13.79% from 2018 to 2023. The market is driven by the use of UD tapes in end-use industries such as aerospace & defense, automotive, and sports & leisure. Browse 72 market data Tables and 41 Figures spread through 131 Pages and in-depth TOC on "Unidirectional Tapes (UD Tapes) Market Get The PDF Brochure For This Report: https://www.marketsandmarkets.com/pdfdownload.asp?id=262388356 .The unidirectional tapes (UD Tapes) market is estimated at USD 165.8 million in 2018 and is projected to reach USD 316.3 million by 2023, at a CAGR of 13.79%. The market is driven by the wide use of UD tapes in end-use industries, such as aerospace & defense, automotive, and sports & leisure. https://www.marketsandmarkets.com/Market-Reports/unidirectional-tape-market-262388356.html

3. Scope of the report: This research report categorizes the UD tapes market on the basis of fiber type, resin type, end-use industry, and region. • On the Basis of Fiber Type: • Glass Fiber • Carbon Fiber • On the Basis of Resin Type: • Thermoplastic • Thermoset • On the Basis of End-use Industry: • Aerospace & Defense • Automotive • Sports & Leisure https://www.marketsandmarkets.com/Market-Reports/unidirectional-tape-market-262388356.html

4. Industry Insights: Thermoplastic UD tapes is expected to be the largest segment, by resin, during the forecast period. Thermoplastic UD tapes are used in a large number of industries, including aerospace & defense and sports & leisure. These are widely used in the aerospace & defense industry due to their toughness, high strength, moisture absorption resistance, high performance properties, and ability to survive under high temperature conditions. Request Sample of the report: https://www.marketsandmarkets.com/requestsample.asp?id=190394869 The North America UD tapes market is expected to witness strong growth in the next five years. The demand for lightweight, fuel-efficient aircraft is increasing, which will drive the demand for UD tapes in the aerospace & defense industry. The launch of new aircraft such as Boeing 777x and China’s indigenously build aircraft Comac C919 is also expected to drive the demand for UD tapes in the near future. UD tapes are also used in lightweight sandwich panels for ultralight aircraft. These factors will drive the demand for UD tapes. https://www.marketsandmarkets.com/Market-Reports/unidirectional-tape-market-262388356.html

5. Industry Leaders: Key players profiled in the UD tapes market report include Royal TenCate N.V. (Netherlands), Cytec Solvay Group (US), SABIC (Saudi Arabia), Teijin Ltd. (Japan), Hexcel Corporation (US), and Evonik industries (Germany). Geographical Scenario: North America accounts for a major share of the overall UD tapes market. Major factors driving the growth of the North America UD tapes market include the high demand for UD tapes in the US and Canada. This is due to the growing demand for UD tapes in commercial passenger aircraft. They are used in the manufacturing of Airbus A380 and Boeing 787 aircraft. According to Boeing, there will be 7,290 airplane deliveries between 2014 and 2033 in North America. Bombardier (Canada) has projected that North America will be the largest market, in terms of new commercial aircraft deliveries, with 3,650 aircraft deliveries between 2014 and 2033. This increase in demand for aircraft will contribute to the growth of the UD tapes market. https://www.marketsandmarkets.com/Market-Reports/unidirectional-tape-market-262388356.html

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