Global Fiber-reinforced Thermoplastic Tape Market: Overview
The fiber-reinforced thermoplastic tape is combining the properties of plastics and fibers. These tapes provide high flexibility, durability, and non-corrosive property. The fiber-reinforced thermoplastic tape contains 55-80% fiber by weight, which results in lighter weight and enhanced performance. The manufacturers in the industry are looking forward to investing in more complex structures using automated tape laying technology. Fiber-reinforced thermoplastic tape market outlook is expected to be positive during the forecast period. The increasing consumption in the automotive and industrial sector is expected to create high demand for fiber-reinforced thermoplastic tape, as it provides excellent flexibility and strength. The addition of fiber-reinforced thermoplastic tape increases mechanical strength as well as stiffness at average temperatures. The fiber-reinforced thermoplastic tape is easily recyclable as compared to thermoset-based tapes, which is expected to increase their consumption in the upcoming years. The key driving factor for the use of fiber-reinforced thermoplastic tape is the increasing usage of more sustainable and recyclable packaging products.
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Global Fiber-reinforced Thermoplastic Tape Market: Dynamics
The fiber-reinforced thermoplastic tape helps in reducing weight while maintaining strength and impact resistance in a variety of applications. However, difficulties at high and low temperatures may reduce the consumption of fiber-reinforced thermoplastic tape. Composite used are manufacture fiber-reinforced tapes are highly flexible at average temperatures but harden when the material is subjected to high and low temperatures. Fiber-reinforced thermoplastic tape market is expected to expand at a moderate CAGR during the forecast period, owing to an increase in demand for lightweight packaging alternatives. The manufacturers in the thermoplastic tapes market are investing in automated reinforcement technologies, which is expected to drive the global fiber-reinforced thermoplastic tape market in the upcoming years. The introduction of automated tape laying technology is expected to boost the fiber-reinforced thermoplastic tape market during the forecast period. Generally, carbon, glass, aramid, and basalt fibers are used to manufacture fiber-reinforced thermoplastic tape, while paper wood and asbestos are used in specific cases.
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Global Fiber-reinforced Thermoplastic Tape Market: Segmentation
Fiber-reinforced thermoplastic tape market is classified on the basis of fiber type, material, thickness, and end use
On the basis of fiber type, the global Fiber-reinforced Thermoplastic Tape market is segmented as follows
- Others (asbestos, paper, etc.)
On the basis of material type, the global Fiber-reinforced Thermoplastic Tape market is segmented as follows
- Polypropylene (PP)
- Polyethylene (PE)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Others (PETG, Phenylenesulfide, etc.)
On the basis of thickness, the global Fiber-reinforced Thermoplastic Tape market is segmented as follows
- <0.30 mm
- 0.30-60 mm
- >60 mm
On the basis of end use, the global Fiber-reinforced Thermoplastic Tape market is segmented as follows
- Building & Construction
- Logistics & Transportation
- Military & Sports Tools
- Electrical & Electronics
- Other Industrial
Global Fiber-reinforced Thermoplastic Tape Market: Key Players and Trends
Some of the leading manufacturers in the fiber-reinforced thermoplastic tape market includes Toray Industries Inc., PolyOne Corporation, Saudi Basic Industries Corporation (SABIC), and Celanese Corporation. Leading manufacturers are looking forward to invest in providing diversified product portfolio, as they provide higher mechanical strength after application. This factor is expected to increase the growth rate of fiber-reinforced thermoplastic tape market in the near future.
Global Fiber-reinforced Thermoplastic Tape Market: Regional Outlook
In European countries such as Germany, Italy, and the United Kingdom, the global fiber-reinforced thermoplastic tape market is expected to represent high intensity in terms of the manufacturer’s presence. North American region is expected to hold prominent market value share owing to the presence of a large number of fiber-reinforced thermoplastic tape manufacturer. Fiber-reinforced thermoplastic tape market in the East Asian region is expected to create higher incremental opportunity in the next decade. The demand for protective as well as lightweight industrial packaging is expected to bolster the growth of fiber-reinforced thermoplastic tape market in the upcoming years.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with fiber-reinforced thermoplastic tape market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis includes –
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
- A detailed overview of the parent market, along with the fiber-reinforced thermoplastic tape market
- Changing market dynamics in the fiber-reinforced thermoplastic tape market
- In-depth segmentation of the fiber-reinforced thermoplastic tape market
- Historical, current, and projected size of the market, regarding volume and value.
- Recent trends and developments in the fiber-reinforced thermoplastic tape market
- Competitive landscape in the fiber-reinforced thermoplastic tape market
- Strategies for key players operating in the market and products offered by them
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on performance of the market
- Must-have information for fiber-reinforced thermoplastic tape market players to sustain and enhance their market footprint
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.