Europe Unidirectional Tapes Market Size & Outlook
Europe unidirectional tapes market, 2018-2030 (US$M)
Europe unidirectional tapes market highlights
- The Europe unidirectional tapes market generated a revenue of USD 94.0 million in 2022.
- The market is expected to grow at a CAGR of 18.5% 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.
Europe data book summary
| Market revenue in 2022 | USD 94.0 million |
| Market revenue in 2030 | USD 365.3 million |
| Growth rate | 18.5% (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, Europe region accounted for 39.8% 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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Europe 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 72.02% in 2022. Horizon Databook has segmented the Europe unidirectional tapes market based on thermoset ud tapes, thermoplastic ud tapes covering the revenue growth of each sub-segment from 2018 to 2030.
Major automakers in the region are investing in R&D to develop lightweight automotive components to significantly reduce the overall weight of vehicles which is expected to promote the demand for lightweight bonding materials used in car and truck assemblies.
Furthermore, rapid developments in the production of electric vehicles in the region are likely to ascend the demand for bonding materials including unidirectional tapes. The European Aviation Vision 2050, a program launched in Europe is dedicated to enhancing the operational and processing output of the aerospace industry in Europe.
This includes aviation manufacturing, equipment, systems, and services. In addition, investments by leading passenger aircraft and defense aircraft makers in the region are likely to raise investments, and thus are expected to support the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe unidirectional tapes market , including forecasts for subscribers. This continent databook contains high-level insights into Europe unidirectional tapes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe Unidirectional Tapes Market Outlook Share, 2022 & 2030 (US$M)
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