Unidirectional Tapes (UD Tapes) Market Worth 316.3 million USD by 2023
The report "Unidirectional Tapes (UD Tapes) Market by Fiber Type (Glass, Carbon), Resin (Thermoplastic, Thermoset), End-use Industry (Aerospace & Defense, Automotive, Sports & Leisure), and Region (North America, Europe, Asia Pacific) - Global Forecast to 2023", published by MarketsandMarkets, the unidirectional tapes (UD Tapes) market is projected to grow from USD 165.8 million in 2018 to USD 316.3 million by 2023, at a CAGR of 13.79% from 2018 to 2023.
- The report "Unidirectional Tapes (UD Tapes) Market by Fiber Type (Glass, Carbon), Resin (Thermoplastic, Thermoset), End-use Industry (Aerospace & Defense, Automotive, Sports & Leisure), and Region (North America, Europe, Asia Pacific) - Global Forecast to 2023", published by MarketsandMarkets, the unidirectional tapes (UD Tapes) market is projected to grow from USD 165.8 million in 2018 to USD 316.3 million by 2023, at a CAGR of 13.79% from 2018 to 2023.
- The market is driven by the use of UD tapes in end-use industries such as aerospace & defense, automotive, and sports & leisure.
- Glass Fiber UD tapes: The largest segment of the UD Tapes Market, by fiber type
Glass fiber-based UD tapes are preferable as they provide a quick and affordable way to build parts & molds and also help in repairs. - Thermoplastic UD tapes: The largest segment of the UD Tapes Market, by resin type
Thermoplastic UD tapes have a simple formulation with high melt viscosity.