Carbon Fiber Tapes Market Size, Share, By Type (Plain Weave Carbon Fiber Tape, Unidirectional Carbon Fiber Tape, Prepreg Carbon Fiber Tape, Others), Resin Type (Epoxy, Polyamide, Bismaleimide, Thermoplastic, and Others), End Use (Aerospace & Defense, Automotive, Sports & Leisure, Others) and Region - Trends, Analysis and Forecast till 2035

• The carbon fiber tapes market size is expected to witness continuous growth at a rate of USD 20.4 Billion by 2035.
• In 2024, the market valuation was USD 4 Billion.
• Target market is projected to expand at a CAGR of 17.8%.

Carbon fiber tapes refers to a flat material made of carbon fiber. It weighs one-seventh as much as steel for a given strength. The carbon fiber core lasts longer than conventional steel cable. The carbon fiber tapes market growth is depend upon various factors including rising usage in aircraft brakes, space structures, and military and commercial planes, rising focus on fuel efficiency, emission reduction, and lightweight construction, Government regulations supporting sustainable materials, and so on.

Impact of AI on Carbon Fiber Tapes Market:

In the production of carbon fiber tape, artificial intelligence (AI) is primarily employed to maximize fiber placement and design, pinpoint production flaws, forecast material properties, and track structural health in the finished composite product by evaluating sensor data. This leads to higher standards of control, efficiency, and customized performance in a range of applications.

Key Drivers of Target Market:

Automotive Industry's Burgeoning Utilization of Carbon Fiber Tapes Might Assist the Market Growth

In the automotive world, carbon fiber tape is increasingly being adopted for manufacturing lightweight, high-strength components. It is used in body panels, frames, and performance parts in luxury and high-performance vehicles. Weight reduction plays a significant role in enhancing fuel efficiency and performance in the automotive industry, making carbon fiber tape a critical material in electric vehicles (EVs) and racing cars, further contributing to the carbon fiber tape market growth.

• For instance, in August 2019, Briggs Automotive Company has officially launched the all-new Mono R, a higher-performance, lighter and more advanced new generation of the iconic Mono single-seater supercar. The Mono R is the first production car in the world to fully incorporate the use of graphene-enhanced carbon fiber in every body panel.

Restraints:

High Costs Poses a Barrier to the Market

The production of carbon fiber tape is costly compared to traditional materials, such as steel and aluminum, which leads to limitations for the carbon fiber tapes market expansion. The high cost is primarily due to the energy-intensive manufacturing process required to produce carbon fibers. This limits its widespread adoption in industries where cost is a primary concern.

• Counterbalance Statements: A combination of technological advancements, strategic partnerships, alternative materials, and smarter designs can help mitigate the high cost of carbon fiber tapes.

Carbon Fiber Tapes' Recycling and Environmental Consequences May Impede Market Expansion

The disposal and recycling of carbon fiber materials pose significant challenges. Carbon fiber is not biodegradable, and the recycling process is complex and expensive. Research is ongoing to develop more sustainable methods for recycling carbon fiber composites.

• Counterbalance Statements: Addressing the recycling and environmental impact of carbon fiber tapes will require innovation across the entire lifecycle, from manufacturing to end-of-life disposal.

Opportunities:

Sustainability Initiatives Contributes Significantly to Market Diversification

Researchers are working on improving the recyclability of carbon fiber composites and reducing the environmental impact of their production, which can open up new opportunities in the future for carbon fiber tapes market. This includes developing methods to reclaim and reuse carbon fiber from discarded components.

• For Instance, in January 2023, Asahi Kasei, in collaboration with the National Institute of Technology at Kitakyushu College and the Tokyo University of Science, has developed a new method for recovering carbon fiber from vehicle composites. It enables the fiber to be extracted effortlessly, producing continuous strands with qualities that are identical to those of virgin fiber.

Type, resin type, end-use, and region are the segments in which the carbon fiber tape market is categorized.

Type

On the basis of type, the market is classified into prepreg, unidirectional, and plain weave. The market share of prepreg carbon fiber tape is higher than others due to its superior strength, stiffness, and strength-to-weight ratio.

• For instance, in July 2021, Toray Composite Materials America, Inc., a leading innovator and supplier of carbon fiber materials and advanced composite prepreg, announced the launch of Toray 2700. The Toray 2700 prepreg system is suitable for applications where parts are exposed to high heat and high humidity environments since it is specifically engineered for heat resistance and low moisture absorption.

Resin Type

In accordance with resin type, the market is divided into epoxy, polyamide, bismaleimide, thermoplastic, and others. As a result of its superior mechanical, electrical, and heat resistance qualities, epoxy resin is the leading segment in the carbon fiber tapes market.

End-User

On the basis of end-user, the carbon fiber tapes market is segmented into aerospace & defense, automotive, sports & leisure, and others. Among these, aerospace & defense industry is superior as compared to others. As, Carbon fiber tapes are used in these industries widely due to they are lightweight and strong. 

• For instance, in October 2023, Toray Industries, Inc. announced that it has developed TORAYCA T1200 carbon fiber, the world’s highest strength at 1,160 kilopound per square inch (Ksi). This new offering helps to reducing environmental footprints by lightening carbon-fiber-reinforced plastic materials. This fiber also opens a new performance frontier for strength-driven applications.  Its potential applications range from aerostructures and defense to alternative energy and consumer products.

Regional

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America: The market for carbon fiber tape is dominated by North America. The region’s growth is driven by its aerospace and defense industries, rising demand for lightweight, high-strength materials for fuel-efficient and environmentally friendly vehicles, presence of leading research institutions and manufacturing innovations, and others.

• For instance, in July 2024, Toray Composite Materials America, Inc., a leading manufacturer and supplier of carbon fiber and prepreg materials, announced the execution of a memorandum of understanding (MOU) adding Elevated Materials as a provider of repurposing services for its Tacoma, Washington facility. Under the three-year agreement, Elevated Materials will repurpose Toray scrap prepreg materials, including slit-edge and full-width prepreg sheets.

Europe: Due to the automotive and aerospace industries' significant focus on lightweight materials and their strong push for sustainability and fuel efficiency through the use of high-strength, lightweight carbon fiber components, Europe is thought to be the fastest rate of growth for carbon fiber tapes market.

• For instance, in May 2021, Teijin Carbon Europe announced a new carbon fiber thermoplastic unidirectional pre-impregnated tape (TPUD) based on polyphenylene sulfide (PPS). Teijin said that the new Tenax TPUD with PPS matrix allows entry into new cost-sensitive markets while offering the typical TPUD advantages like resistance to chemicals and solvents, low flammability, storage or shipping at room temperature and recyclability.

Carbon Fiber Tapes Market Report Scope:

Segmentation:

By Type:

• Plain Weave Carbon Fiber Tape
• Unidirectional Carbon Fiber Tape
• Prepreg Carbon Fiber Tape
• Others

By Resin Type:

• Epoxy
• Polyamide

• Bismaleimide
• Thermoplastic
• Others

By End Use:

• Aerospace & Defense
• Automotive
• Sports & Leisure
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Key strategies adopted by key carbon fiber tapes producers include increased focus on product innovation to develop high-performance tapes with tailored properties, expanding into new applications beyond traditional markets, such as aerospace, emphasizing sustainability through recycling, and others, which contributes to the carbon fiber tapes market diversification. TORAY INDUSTRIES, INC., Hexcel Corporation, SGL Carbon, and other companies are recognized for their significant contributions to the carbon fiber tape market.

List of Key Players in the Market:

• TORAY INDUSTRIES, INC.
• Hexcel Corporation
• SGL Carbon
• TEIJIN LIMITED
• Mitsubishi Chemical Group Corporation
• Axiom Materials
• Cevotec
• CHOMARAT
• Zoltek Corporation / Toray Group
• Spartec Composites Inc
• Plastic Reinforcement Fabrics Ltd
• Powder Pack Chem
• Sigmatex

• In December 2024, The German Institutes of Textile and Fiber Research Denkendorf (DITF) has announced the development of highly oriented tapes made from recycled carbon fibers (rCF) suitable for reuse in high-performance applications such as structural automotive components.
• In February 2021, BASF expanded its polyphthalamide (PPA) portfolio of Ultramid Advanced with carbon-fiber reinforced grades with fillings of 20, 30 and 40 percent. The new carbon-fiber (CF) reinforced grades can be used to manufacture automotive structural parts for body, chassis and powertrain, for pumps, fans, gears and compressors in industrial applications and for stable and ultra-lightweight components in consumer electronics.

Analyst View:

The market for carbon fiber tapes will continue to rise on account of a multitude of factors, such as the increasing application of carbon fiber tapes in space structures, military and commercial aircraft, and aircraft brakes, along with a greater focus on fuel economy, emission control, and lightweight construction. The increasing government policies encouraging the use of sustainable materials, and others are also driving the market growth.

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