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DUBLIN--(BUSINESS WIRE)--Nov 1, 2022--
The "Organosheet and Semi-Finished Thermoplastic UD-Tape Laminate Market - A Global and Regional Analysis: Focus on Product, Technology, Raw Material, Sandwich Panel, Application, and Country - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
The global organosheet and semi-finished thermoplastic UD-tape laminate market was valued at $596.8 million in 2021 and is projected to reach $1,672.4 million by 2031, registering a CAGR of 10.92% between 2022 and 2031 in terms of value.
Europe dominated the global organosheet and semi-finished thermoplastic UD-tape laminate market with a share of 31.11% in 2020. Europe, including the major countries, such as Germany, is the most prominent country in the market. In Europe, Germany acquired a major market share in 2020 due to the major deployment of countermeasures in defense in the country.
Market Lifecycle Stage
The organosheet and semi-finished thermoplastic UD-tape laminate market is in the developing phase. The rising demand for increasing environmental concerns along with increasing adoption from new end users such as automotive manufacturers and construction industry. The aerospace and defense industry has witnessed an increase in demand for organosheet due to its lightweight, outstanding strength, and design flexibility.
Impact
Some of the factors behind the expansion of the global organosheet and semi-finished thermoplastic UD-tape laminate market are increased demand from emerging countries, increased cost efficiency of manufactured parts, and increased fuel efficiency requirements in the aerospace and defense, and automotive industries. Emerging applications in end use segments such as construction, wind energy, and oil and gas sectors are boosting the demand for organosheet and semi-finished thermoplastic UD-tape laminate.
Demand - Drivers and Limitations
Following are the demand drivers for the global organosheet and semi-finished thermoplastic UD-tape laminate market:
The market is expected to face some limitations too due to the following challenge:
Companies Mentioned
Market Segmentation
Segmentation 1: by Application
Aerospace and defense was the largest application for the organosheet and semi-finished thermoplastic UD-tape laminate market in 2021 in terms of value. The demand for organosheet and semi-finished thermoplastic UD-tape laminate in the aerospace and defense application was mainly attributed to the growing need to reduce weight in aircraft manufacturing.
Segmentation 2: by Product
The UD-tape laminate segment dominated the global organosheet and semi-finished thermoplastic UD-tape laminate market in 2021. UD tapes are widely used in semi-structural and structural applications and selective reinforcement of parts that are being produced by injection molding. UD-tape laminates can be used for a variety of parts with varying geometries by thermoforming laminates. Such parts can withstand harsh conditions (extreme temperature, moisture, and exposure to harsh chemicals).
Segmentation 3: by Raw Material
In terms of value, the global organosheet and semi-finished thermoplastic UD-tape laminate industry was dominated by carbon fiber, which was valued at $313.0 million in 2021. The dominance of carbon fiber is attributed to its wide use in the aerospace and defense industry for component manufacturing and extremely higher prices of carbon fiber as compared to other fiber types. In the case of thermoplastic resins, PEEK held the largest share of thermoplastic resins in 2021.
Segmentation 4: by Technology
In terms of value, the global organosheet and semi-finished thermoplastic UD-tape laminate industry was dominated by the double belt press technology, which was valued at $237.7 million in 2021. The dominance of the double belt press is attributed to its wide use in the aerospace and defense industry for component manufacturing. Presently, automotive and sports and leisure industries are also adopting organosheet and semi-finished thermoplastic UD-tape laminate manufactured by double belt press technology, as the product manufactured by the technology is of excellent quality.
Segmentation 5: by Region
The largest region in the global organosheet and semi-finished thermoplastic UD-tape laminate market is Europe. Europe, with authorities imposing several carbon emission regulations on automobile manufacturers, are propelling the organosheet and semi-finished thermoplastic UD-tape laminate market in Europe. The European aerospace sector is also highly engaged in the manufacture of helicopters, military and civil aircraft, systems, and equipment worth billions. It generates great demand for organosheet and semi-finished thermoplastic UD-tape laminate.
For more information about this report visit https://www.researchandmarkets.com/r/imrllv
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/01/2022 09:49 AM/DISC: 11/01/2022 09:49 AM
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