Latin America Unidirectional Tapes Market Size & Outlook
Latin America unidirectional tapes market, 2018-2030 (US$M)
Latin America unidirectional tapes market highlights
- The Latin America unidirectional tapes market generated a revenue of USD 6.8 million in 2022.
- The market is expected to grow at a CAGR of 17.7% from 2023 to 2030.
- In terms of segment, thermoplastic ud tapes was the largest revenue generating product in 2022.
- Thermoset UD Tapes is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2022 | USD 6.8 million |
| Market revenue in 2030 | USD 25.1 million |
| Growth rate | 17.7% (CAGR from 2022 to 2030) |
| Largest segment | Thermoplastic ud tapes |
| Fastest growing segment | Thermoset 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, Latin America region accounted for 2.9% 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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Latin America 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 72.06% in 2022. Horizon Databook has segmented the Latin America unidirectional tapes market based on thermoset ud tapes, thermoplastic ud tapes covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing investments in the automobile manufacturing industry in Central & South America is likely to support the demand for automotive components and assembly operations. Major car manufacturers such as General Motors, Volkswagen, and Groupe PSA announced an expansion of their existing manufacturing facilities to increase production to cater to the growing demand.
BYD Auto Industry Co., Ltd., a China-based automaker, has received approval from the government of Argentina to start its automobile manufacturing unit in the country. These factors are expected to ascend the growth of unidirectional tapes in automobile manufacturing applications in the region.
The Boeing Company has projected the manufacturing of 2610 new narrow-body aircraft in the region in the next 20 years supported by the ascending demand for affordable air travel across the region. Moreover, enhancements of the fleet by LATAM Airlines Group and Avianca in the region are likely to upscale the demand for new aircraft.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America unidirectional tapes market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America unidirectional tapes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America Unidirectional Tapes Market Outlook Share, 2022 & 2030 (US$M)
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