World News: 15:00 GMT Friday 10th August 2018. [Stratview Research via Globe Newswire via SPi World News]
Detroit, Aug. 10, 2018 (GLOBE NEWSWIRE) -- announces the launch of a new market research report on by Fiber Type (Glass Fiber, Carbon Fiber, and Others), by Resin Type (Thermoset and Thermoplastic), by End-Use Industry Type (Aerospace & Defense, Automotive, Sporting Goods, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
As per Stratview Research, , driven by a host of factors including organic growth of aerospace and defense, automotive, and sports & leisure industries coupled with increasing composite penetration in structural and semi-structural sections, excellent mechanical performance, and lightweight as compared to rivals including steel and aluminum.
Based on the end-use industry type, aerospace and defense is estimated to hold the largest share of UD tapes market in 2017. Whereas , driven by the demand from premium and electric vehicles.
Among the resin types, . Most of the aerospace interior components, such as floor panels, seat frames, and luggage bins, are being manufactured with thermoplastic UD tapes.
In terms of region, . Whereas Europe and Asia-Pacific, other major regions, are likely to exhibit excellent growth rates in the coming years.
Key UD tape manufacturers are Evonik Industries, SABIC, Hexcel Corporation, TenCate, Teijin Limited, Celanese Corporation and BASF. Advancement in resin systems, collaboration with tier players and OEMs, and execution of mergers and acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.
Globe Newswire: 15:00 GMT Friday 10th August 2018
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