Asia Pacific Unidirectional Tapes Market Size & Outlook
Asia Pacific unidirectional tapes market, 2018-2030 (US$M)
Asia Pacific unidirectional tapes market highlights
- The Asia Pacific unidirectional tapes market generated a revenue of USD 37.6 million in 2022.
- The market is expected to grow at a CAGR of 16.1% from 2023 to 2030.
- In terms of segment, thermoplastic ud tapes was the largest revenue generating product in 2022.
- Thermoplastic UD Tapes is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2022 | USD 37.6 million |
| Market revenue in 2030 | USD 124.3 million |
| Growth rate | 16.1% (CAGR from 2022 to 2030) |
| Largest segment | Thermoplastic ud tapes |
| Fastest growing segment | Thermoplastic UD Tapes |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermoset UD Tapes, Thermoplastic UD Tapes |
| Key market players worldwide | Evonik Industries AG, SABIC, Solvay SA, Hexcel Corp, Toray Industries Inc, SGL Group, Teijin Ltd, Basf SE, Celanese Corp Class A, Victrex PLC, Berry Corp (bry) |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 15.9% of the global unidirectional tapes market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 365.3 million by 2030.
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Unidirectional Tapes Market Scope
Unidirectional Tapes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific unidirectional tapes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to unidirectional tapes market will help companies and investors design strategic landscapes.
Thermoplastic ud tapes was the largest segment with a revenue share of 72.07% in 2022. Horizon Databook has segmented the Asia Pacific unidirectional tapes market based on thermoset ud tapes, thermoplastic ud tapes covering the revenue growth of each sub-segment from 2018 to 2030.
The profitability of the manufacturers is also increasing on account of factors such as the increase in air passenger traffic, rise in automotive vehicle production, and ambitious electrical & electronics production capacity addition targets set by various governments in the Asia Pacific including China, India, Japan, and Taiwan.
The automobile manufacturers in the region are aiming to comply with ongoing trends for lightweight vehicle production, and thus are incorporating the installation of lightweight bonding materials. Automobile production in China, India, and Japan accounted for the largest share in the region.
Companies such as Honda Motor Company, Ltd., Suzuki Motor Corporation, Hyundai Motor Company, and Tata Motors are operating large production facilities and are incorporating lightweight technology for vehicles thus, are estimated to upscale the utilization of unidirectional tapes in automobile manufacturing.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific unidirectional tapes market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific unidirectional tapes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific unidirectional tapes market
Asia Pacific Unidirectional Tapes Market Outlook Share, 2022 & 2030 (US$M)
Asia Pacific unidirectional tapes market
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