Global Unidirectional Tapes Market

Mar 2020| VMR1730A| Verified Market Research

Report Highlights

Unidirectional Tapes (UD Tapes) Marke

According to Verified Market Research, Global Unidirectional Tapes (UD Tapes) Market was valued at USD 157.06 Million in 2018 and is projected to reach USD 426.7 Million by 2026, growing at a CAGR of 13.24% from 2019 to 2026.

Global Unidirectional Tapes (UD Tapes) Market Outlook

The rising requirements from the automotive industry for manufacturing lightweight vehicles coupled with the rapidly growing automotive industry globally and increasing needs from the aerospace industry are the major factors augmenting the growth of the market. Moreover, rising government pressure on improving fuel efficiency is also expected to propel the demand for lightweight components, which in turn driving the market. However, the availability of several internal and external substitutes and the high cost associated with the manufacturing and processing of the UD tapes market are some factors restricting market growth.

Global Unidirectional Tapes (UD Tapes) Market Competitive Landscape

The Global Unidirectional Tapes (UD Tapes) Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF, Celanese Corporation, SGL Group, Sabic, Royal Tencate, Hexcel Corporation, Evonik Industries, Solvay, Teijin Limited, and Victrex.

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