The thermoplastic tapes market is anticipated to reach USD 3.0 Billion by 2029 at a CAGR of 4.7% from USD 2.2 Billion in 2022. The global thermoplastic tapes market will account for roughly 23.9% of the US$73.6 billion adhesive tapes industry in 2022.
According to the FMI analysis, the market for thermoplastic tapes will grow at a rate of 1.4 times the value of the base year throughout the projection period, providing manufacturers with profitable investment prospects. According to the market analysis of thermoplastic tapes, the total amount of thermoplastic tape consumed globally is anticipated to rise by 4.5% YoY between 2022 and 2023.
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By 2029, the resin segment in the worldwide thermoplastic tapes market is projected to retain a 52.6% market share, while the fibre segment is projected to expand at a 5.0% CAGR.
The European region is anticipated to dominate the thermoplastic tapes market in 2022, accounting for a significant market share of 27.7%. Over the forecast period, the thermoplastic tapes market in East Asia is anticipated to grow by 7.1% CAGR.
Competitive Landscape
The key manufacturers operating in the thermoplastic tapes market are trying to focus on innovative product launch, expansion due to the increasing demand from the automotive and aerospace sectors.
- In May 2021, Teijin Limited launched a new carbon fiber thermoplastic unidirectional pre-impregnated tape. This tape is based on PPS.
- In Feb 2021, MaruHachi Corporation installed a new UP tape line for high-temperature thermoplastic tapes and multi-layer sheet laminates for demanding segments such as aerospace and automotive.
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Key Players:
- Evonik Industries AG
- Toray Advanced Composites
- Solvay S.A.
- Mitsui Chemicals Inc.
- Arkema S.A.
- Teijin Limited
- Covestro AG
- Koninklijke DSM N.V.
Thermoplastic Tapes Market By Category
By thickness:
- Up to 0.20 mm
- 0.21 – 0.40 mm
- More Than 0.40 mm
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By material type:
- Fiber
- Carbon
- Glass
- Others
- Resin
- PAEK
- PC
- PA
- PET
- TPU
- PP
- Others (PPS, etc.)
By end use:
- Aerospace
- Automotive
- Building & Construction
- Industrial Goods
- Oil & Gas
By region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
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