Carbon Fiber Tape Market - Trends Forecast Till 2028

Carbon Fiber Tape Market by form (Prepreg Tape, Carbon Tape), Resin (Epoxy, Thermoplastic, Polyamide), Manufacturing Process (Hot Melt, Solvent Dip), End-use Industry (Aerospace, Marine, Pipe & Tank, Sporting Goods) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-CM-CFTM-513


Number of Pages: 284

Domain: Chemicals & Materials

Carbon Fiber Tape Market – Trends Forecast Till 2028

The global Carbon Fiber Tape Market will witness a CAGR of 9.02% during the forecast period of 2021-2028.

Carbon fiber tape is a flat material made of carbon fiber that is suitable for graphite surface crack repair, lap joining, and sleeve winding, and specific strengthening of carbon fiber fabrication. Carbon fiber tapes are majorly applicable in aerospace and sporting goods industries for producing various materials such as golf shafts, bicycle frames, fuselage skins, and wing spars. In addition, they are applicable in medical, pipe & tank, automotive, and wind energy.

Growth in the demand for carbon fiber tape especially in the developing economies like India and China, growing use of carbon fiber tape for a wide range of end user applications such as aerospace and marine, wind energy, sporting goods, construction and infrastructure, and other applications, growth in the production of lightweight automobiles and surge in industrialization especially in the developing countries are some of the factors that have supported long-term expansion for Carbon Fiber Tape Market.

Owing to the outbreak of the COVID-19 pandemic, the global carbon fiber tape market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown.

Carbon Fiber Tape Market Analysis

North America accounts for the largest share in the carbon fiber tape market, owing to the growing economies of the US, Canada, the presence of prominent players, and expanding aerospace & defense industry. In North America, the US is projected to grow at the fastest rate during the forecast period. It is the largest market for carbon fiber tape in North America.

Carbon Fiber Tape Market is segmented into form, resin, manufacturing process, end use industry and region.

On the basis of Form

  • Prepreg tape
  • Dry tape

On the basis of Resin

  • Epoxy
  • Thermoplastic
  • Bismaleimide
  • Polyamide

On the basis of Manufacturing Process

  • Hot melt
  • Solvent drip

On the basis of End-User Industry

  • Aerospace & Defense
  • Marine
  • Pipe & Tank
  • Construction & Infrastructure
  • Sporting Goods

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Carbon Fiber Tape Market Primary Respondent


Key Players

  • Evonik Industries
  • ZOLTEK Corporation
  • Teijin Limited
  • Hexcel Corporation
  • Toray Advanced Composites
  • SGL Carbon
  • Koninklijke DSM N.V.
  • Mitsubishi Chemical Corporation

Recent Developments

  • In April 2018, Solvay launched Evolite F1050, a high-performance PVDF carbon fiber composite tape for demanding oil & gas applications.
  • In February 2019, Teijin acquired Renegade Materials Corporation, a supplier of highly heat-resistant thermoset prepreg for the aerospace industry in North America. This helped the company solidify its position as a leading provider of solutions for aerospace applications.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Carbon Fiber Tape Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Growth Rate

CAGR of 9.02% during the forecasting period, 2021-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

form, resin, manufacturing process, end use industry and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Evonik Industries, SABIC, ZOLTEK Corporation, Teijin Limited, Hexcel Corporation, Toray, Advanced Composites, SGL Carbon, Koninklijke DSM N.V. and Mitsubishi Chemical Corporation.

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