The “Unidirectional Tapes – Global Market Outlook (2019-2027)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Unidirectional Tapes market accounted for $138.36 million in 2019 and is expected to reach $370.43 million by 2027 growing at a CAGR of 13.1% during the forecast period.
Some of the factors such as initiatives by the governments of China and India and increasing demand for manufacturing lightweight vehicles are propelling market growth. However, high processing and manufacturing costs of carbon fiber and issues related to recyclability are hampering market growth.
UD tapes are composed of endless fibers that are orientated in one direction impregnated with a polymer resin matrix. The number of layers depends upon the rigidity and strength required for the component. UD tapes offer a significant reduction in weight and also help…