Carbon Fiber Tape Global Market Report 2022: Sector to Reach $4.4 Billion by 2027 at a 13% CAGR - ResearchAndMarkets.com
The global carbon fiber tape market size is expected to grow from USD 2.4 billion in 2022 to USD 4.4 billion by 2027, at a CAGR of 13.0% between 2022 and 2027.
- The global carbon fiber tape market size is expected to grow from USD 2.4 billion in 2022 to USD 4.4 billion by 2027, at a CAGR of 13.0% between 2022 and 2027.
- The significant growth of the carbon fiber tape market is attributed to the increasing demand from aerospace and pipe & tank end-use industries across the globe.
- PEEK is the most widely used thermoplastic resin used in the making of carbon fiber prepreg tapes.
- The region is home to some of the prominent manufacturers of carbon fiber tapes, such as Hexcel Corporation and Solvay.