DALLAS, Oct. 29, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the thermoplastic unidirectional tape market looks attractive with opportunities in the aerospace & defense, transportation, sporting goods, industrial, and other industries. The thermoplastic unidirectional tape market is expected to grow at a CAGR of 8.9% from 2018 to 2023. The major growth driver for this market is increasing use of thermoplastic composites because it offers recyclability and processing benefits, such as ability to remold, shorter cycle time, and no emission of volatile matter.
Browse 103 market data tables and 147 figures spread through 203 pages and in-depth TOC on “Global Thermoplastic Unidirectional Tape Market" at https://www.lucintel.com/thermoplastic-unidirectional-tape-market.aspx
In this market, aerospace & defense, transportation, sporting goods, industrial, and others are used for thermoplastic unidirectional tape manufacturing for end use industry. Lucintel forecasts that transportation will remain the largest end-use industry by volume, and it will also witness the highest growth during the forecast period. Increasing demand for lightweight materials to achieve higher fuel efficiency and reusable and recyclable materials for environmental benefits are driving growth for this segment over the forecast period. Download a free PDF brochure @ https://www.lucintel.com/thermoplastic-unidirectional-tape-market.aspx#/
North America is expected to remain the largest market by value and volume and to witness the highest growth over the forecast period because of rising penetration of thermoplastic unidirectional tape in major end-use industries. Pre-Purchase Query click https://www.lucintel.com/thermoplastic-unidirectional-tape-market.aspx#/
Emerging trends, which have a direct impact on the dynamics of the industry, include the continuous innovation and development of new products and applications. Cytec Solvay Group, QIYI Technology, Polystrand (Polyone), TenCate, Toho Tenax, and Celanese and others are among the major suppliers of thermoplastic unidirectional tape.
Lucintel, a leading global market research firm, has analyzed growth opportunities and has forecasted for the global thermoplastic unidirectional tape market by end-use industry, reinforcement type, resin type, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Thermoplastic Unidirectional Tape Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.