North America Unidirectional Tapes Market Size & Outlook
North America unidirectional tapes market, 2018-2030 (US$M)
North America unidirectional tapes market highlights
- The North America unidirectional tapes market generated a revenue of USD 93.7 million in 2022.
- The market is expected to grow at a CAGR of 14% 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.
North America data book summary
| Market revenue in 2022 | USD 93.7 million |
| Market revenue in 2030 | USD 267.0 million |
| Growth rate | 14% (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, North America region accounted for 39.7% 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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North 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 72.04% in 2022. Horizon Databook has segmented the North America unidirectional tapes market based on thermoset ud tapes, thermoplastic ud tapes covering the revenue growth of each sub-segment from 2018 to 2030.
The unidirectional tapes market growth in North America is supported by the rising trends for utilizing lightweight components in automobiles. This is further supplemented through measures to enhance vehicles’ fuel economy by reducing the overall weight and CO2 emission due to the Clean Air Act and regulations by EPA to reduce vehicle pollution.
As per the reports by the International Organization of Motor Vehicle Manufacturers, the region assembled over 3.2 million units of passenger cars in 2020, wherein, 1.9 million units were assembled in the U.S. Increasing production of electric vehicles in the region are likely to ascend the demand for tapes in the upcoming period.
According to the General Aviation Manufacturers Association, aircraft manufacturing and maintenance declined in 2020 owing to the suspension of production facilities to curb the spread of COVID-19. Major aircraft producers in the region including The Boeing Company and Airbus SE halted the productions and delayed its scheduled deliveries of aircraft by one year.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America unidirectional tapes market , including forecasts for subscribers. This continent databook contains high-level insights into North America unidirectional tapes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America Unidirectional Tapes Market Outlook Share, 2022 & 2030 (US$M)
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