Fiber Reinforced Composite Tapes
Market
Fiber Reinforced Composite Tapes Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Fiber Reinforced Composite Tapes Market Size and Growth
The Fiber Reinforced Composite Tapes market is experiencing robust growth, driven by rising demand in aerospace, automotive, and construction industries. The market size is projected to reach approximately $1.5 billion by 2028, with a compound annual growth rate (CAGR) of around 7% during the forecast period, reflecting increasing applications and technological advancements.
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Companies Covered
(Covid 19 Impact Covered)
◍ Toray Advanced Composites
◍ Hexcel
◍ SGL Group
◍ BASF
◍ SABIC
◍ Topolocfrt
◍ Covestro
◍ PolyOne
◍ Performance Composites
◍ Evonik Industries
◍ Composites Evolution
The Fiber Reinforced Composite Tapes Market is competitive, featuring companies like Toray Advanced Composites and Hexcel, which innovate in lightweight materials. BASF and SABIC supply advanced polymers, while Evonik and Performance Composites enhance application versatility. Collectively, these firms foster growth through R&D investments and expanding applications across industries.
- Toray: sales in billions
- Hexcel: approximately $3 billion
- BASF: near $70 billion
- SGL Group: around $1 billion
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Market Segmentation
By Application
Aerospace & Defense
Automotive
Sports & Leisure
Others
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By Product
Glass Fiber Reinforced Composite Tapes
Carbon Fiber Reinforced Composite Tapes
Market Growth
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$ X Billion USD
