The global thermoplastic unidirectional tape market is expected rise at significant rate due to the growing popularity of composite materials across industrial sectors. The application of thermoplastic unidirectional tape is largely seen in transportation, sporting goods, aerospace, defense, and similar other industries. Transportation industry has created highest demand for thermoplastic unidirectional tape as they are largely used due to their lightweight. In addition, key industry players are also engaged in various research and development activities with an objective to develop novel composites materials with enhanced capacities. They are also focusing on introducing new products and application-specific solutions. These factors and consistent efforts made by key players are expected to boost the demand in the global thermoplastic unidirectional tape market in the near future.
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What are some noteworthy steps taken by key players operating in this market?
Manufacturers operating in this market are focusing on producing thermoplastic unidirectional tape in a cost effective manner that will further augment the demand in this market. In addition, high volume integration of composite material demands has improved manufacturing process that might help in decreasing the overall cost of the products. They are also engaged in expanding the production of thermoplastic unidirectional tape to meet the growing demand for this product across the globe. For instance, in 2018 TenCate launched new range of thermoplastic and thermoset composite solutions at CMAX Dallas. Another example is of SABIC who launched UDMAX™ GPE 46-70 tape – thermoplastic composite tape last year in JEC World.
Adding further to the growth prospects are the developments taking place in the industry that are assisting in scalable manufacturing at reasonable costs. Thermoplastic composites having greater sustainability standards that will offer noteworthy opportunities in the thermoplastic unidirectional tape market in the forthcoming years.
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