One-Way Tape Market to be Worth US$559.3 Million by 2032

Future Market Insights Global and Consulting Pvt. ltd.

Unidirectional Tapes Market by Fiber, Resin, End-Use Industry and Region – Global Forecast to 2032 – Future Market Outlook

DUBAI, United Arab Emirates, March 07, 2022 (GLOBE NEWSWIRE) — The unidirectional tape market revenues are expected to reach $203.5 million by 2022, according to Future Market Insights (IMF). The Global One-Way Tape Market Is Expected To Reach $559.3 million by 2032increasing to one 10.6% CAGR for 2022-32.

The automotive, aerospace, and defense sectors are supporting the growth of the market by showing consistently high demand for unidirectional tapes. Moreover, the increasing application of one-way tapes in the energy sector is increasing the demand in the market.

Unidirectional Tape Market Size 2022

US$203.5 million

One Way Tape Market Size 2032

US$559.3 million

CAGR Value (2022-2032)

10.6%

Share of collective value: top 3 countries (2022E)

42%

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Besides that, FMI predicted that the application will skyrocket in the manufacture of wind turbines and turbines. These bands are as effective as various alternatives available in the market. In addition, they are light and very resistant.

Unidirectional ribbons increase the efficiency of wind power generation by reducing the weight of turbines and allowing manufacturers to produce lighter and longer turbine blades. Lighter and longer blades help increase calculated power output per revolution.

The carbon fiber type of unidirectional tapes is most commonly used in the wind energy industry. These bands provide superior strength and stiffness without increasing the weight of the system. One-way tape manufacturers are expanding their product portfolio by focusing on launches. For example, ZOLTEK Corporation of the Toray Group offers unidirectional tapes specially designed for wind energy applications.

Key takeaways from the Unidirectional Tapes market

  • Per fiber, the fiberglass segment is expected to reach the valuation of US$126.1 million by the end of 2022.

  • By resin, the thermoplastics segment is expected to hold 77.5% value share in 2022.

  • Aerospace & Defense one-way tape sales are expected to grow at a CAGR of 9.6% over the next 10 years.

  • By region, East Asia and South Asia are estimated to hold more than 50% of the total unidirectional tape market in 2022 due to their booming automotive, aerospace and defense industries.

“The steady growth of the automotive industry over the past decade has fueled unidirectional tape sales in recent years. In addition to this, booming aerospace and defense industries across the globe are expected to fuel the demand for unidirectional tapes during the forecast period 2022-32,” the IMF analyst says.

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Report scope

Attribute

Details

Forecast period

2022-2032

Historical data available for

2015-2021

Market analysis

Million US dollars for value and ‘000 square meters for volume

Key regions covered

North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa

Main countries covered

United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, GCC countries, India, China, Japan and Australia

Key Segments Covered

Fiber, resin, end use and region

Profiled Key Companies

• Cytec Solvay Group
• SABIC
• Teijin Ltd.
• Evonik Industries
• Toray Group
• Celanese Corporation
• Barrday Corporation
• Avenir Corporation
• Polytoron (Polyone)
• Toho Tenax
• SGL Group
• Hexcel Corporation
• Royal TenCate SA
• BASF SE
• Axiom Materials Inc.

Report cover

Market forecasts, company share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives

Rapid Growth of Aerospace and Defense Industry to Drive Demand for One-Way Tapes

The aerospace and defense industries are constantly growing around the world. Rising per capita income and rapid urban population growth are driving the aerospace industry. The increase in the number of aircraft, both private and commercial, seen over the past 5 years has led to an increase in sales of one-way strips. This increase is mainly explained by the change in consumer preference for air transport despite the higher price since consumers prefer it to save time.

Additionally, the defense sector in many countries is growing with governments increasing their defense budgets. The introduction of new ordnance and technologically advanced high-tech vehicles and aircraft is boosting the defense industry across the globe.

One-way tapes have many applications in the aerospace and defense industries. These tapes are gaining popularity in these industries for their strength, stiffness and several other properties. The growth of aerospace and defense industries is therefore expected to propel the demand for unidirectional tapes for the foreseeable future.

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One-Way Tape Market Landscape

Cytec Solvay Group, SABIC and Celanese Corporation are the major players operating in the unidirectional tape market. In addition, Teijin Ltd., Evonik Industries, Barrday Corporation, Toray Group are also some of the notable players in the one-way tape market. Tier 3 market players hold 65-75% of the global unidirectional tape market. In conclusion, major players contribute almost 25-35% of the global one-way tape market.

Unidirectional Tape Market Report

Future Market Insights in its new report offers an unbiased analysis of the global One-Way Tape market, analyzing the historical demand from 2015-2021 and forecast statistics from 2022-2032. The study reveals growth projections in the fiber (glass and carbon), resin (thermoplastic and thermoset), end-use (automotive, energy, aerospace and defense and other industries (sports, recreation, etc.)), across seven regions.

Explore FMI’s extensive ongoing packaging coverage

Tape Stretching Line Market – Recently released data from the Tape Stretching Line market analysis shows that the global demand for the overall Tape Stretching Line market is expected to register a CAGR of around 7% over the forecast period and reach millions of units by 2031.

Splicing Tape Market – Demand from paper and printing sector and packaging industries is growing at a rapid rate, owing to increase in publishing and printing industry across the globe, and other critical factors are driving splice tapes, the market is predicted to grow at a CAGR of 2-3% during the forecast period 2021-2031.

Tab Tape Market – In 2021, global demand for tab tape is expected to grow 4.5% year-over-year, thwarting initial skepticism about the market’s performance during a global pandemic. All over the world, the total demand for miter tapes is expected to reach a new horizon owing to the optimization of the production process and its suitability.

Spacer Tape Market – According to a research study, the spacer tape market is expected to witness healthy growth over the period 2021-2031 with a CAGR of 5%-7%. The demand from various industries to reduce labor costs for industrial packaging is creating more opportunities for the market.

PVC Tape Market – According to the latest research, the PVC tape market is expected to grow at a CAGR of 4-6% between the forecast period. It is estimated that the modernization of the power grid and the increasing penetration of consumer electronics across the world will see a zealous growth of the PVC tape market in the next assessment period.

Paper Gummed Tape Market – Paper Gummed Tape, also known as Water Activated Tape or WAT, offers benefits such as enhanced security, professional one-strip seal, faster application and a branding opportunity over other types of packaging tape.

Flocking Tape Market – Flocking tape is considered an important packaging material to protect the material from scratches and damping. The flocking tape has an adhesive coating on one side, which is very dense.

Paper Masking Tape Market – The global paper masking tape market is expected to reach a market value of US$1.9 billion by 2021, accelerating with a CAGR of 5.4% by 2021 -2031.

Tabletop Tape Dispenser Market – This tabletop tape dispenser is a very essential and effective product when it comes to packaging as it simplifies the packaging process. Plus, working with a tabletop dispenser saves energy while packing lots of items.

Electronic Pressure Sensitive Tape Dispensers Market – In today’s business sphere, Electronic Pressure Sensitive Tape Dispensers provide us with an opportunity to choose from a variety of them to be widely used for multiple purposes .

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