Thermoplastic Tapes Market Size, Share, Trends, Growth Outlook

Global Thermoplastic Tapes Market Size is valued at $3.1 Billion in 2024 and is forecast to register a growth rate (CAGR) of 10.9% to reach $7.1 Billion by 2032.

The global Thermoplastic Tapes Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Fiber (Carbon Fiber, Glass Fiber, Others), By Resin (PAEK, PPS, PA, PP, Others), By End-User (Aerospace & Defense, Automotive & Transportation, Oil & Gas, Sporting Goods, Medical & Healthcare, Others).

An Introduction to Thermoplastic Tapes Market in 2024

Thermoplastic tapes, reinforced with fibers or filaments, to offer lightweight, high-strength solutions for various applications in 2024. These tapes are composed of thermoplastic resins such as polyethylene, polypropylene, or polyester, reinforced with materials like fiberglass, carbon fiber, or aramid fibers. Thermoplastic tapes find applications in industries such as aerospace, automotive, construction, and sporting goods, where lightweight, durable materials are essential. In aerospace, thermoplastic tapes are used for structural components such as aircraft panels, fuselage sections, and rotor blades, offering weight savings and enhanced performance. Similarly, in automotive manufacturing, thermoplastic tapes find applications in body panels, interior components, and structural reinforcements, contributing to lightweighting and fuel efficiency. Additionally, in construction, thermoplastic tapes are utilized for applications such as reinforcing concrete structures, repairing pipelines, and securing building envelopes. With advancements in material formulations, weaving techniques, and processing technologies, thermoplastic tapes to offer innovative solutions for high-performance, lightweight structures across diverse industries.

Thermoplastic Tapes Market Competitive Landscape

The market report analyses the leading companies in the industry including 3M Company, Arkema SA, Avient Corp, BASF SE, Celanese Corp, Chomarat, Evonik Industries AG, Hexcel Corp, Mitsubishi Chemical Group, Mitsui Chemicals Inc, Park Aerospace Corp, ROYAL DSM N.V., SABIC, SGL Carbon, Sigmatex, Solvay SA, TCR Composites Inc, Teijin Ltd, Toray Industries Inc, Victrex Plc, and others.

Thermoplastic Tapes Market Dynamics

Market Trend: Increasing Demand for Lightweight and High-Performance Materials

A prominent trend in the thermoplastic tapes market is the increasing demand for lightweight and high-performance materials across various industries. Thermoplastic tapes offer a unique combination of properties such as strength, flexibility, and lightweight, making them ideal for applications where weight reduction is critical, such as automotive, aerospace, and construction. As industries strive to improve fuel efficiency, reduce emissions, and enhance product performance, there is a growing preference for thermoplastic tapes as they enable the production of lightweight components without compromising on strength or durability. This trend is driving the adoption of thermoplastic tapes in a wide range of applications, leading to market growth and expansion.

Market Driver: Advancements in Material Formulations and Manufacturing Processes

The primary driver for the thermoplastic tapes market is advancements in material formulations and manufacturing processes. With ongoing research and development efforts, manufacturers are continuously improving the properties and performance of thermoplastic tapes to meet the evolving needs of end-users and markets. Innovations in polymer chemistry, reinforcement techniques, and processing technologies have led to the development of thermoplastic tapes with enhanced mechanical properties, thermal stability, and processability. Additionally, advancements in manufacturing processes such as tape laying, filament winding, and pultrusion have enabled the production of thermoplastic tapes with precise dimensions, excellent surface finish, and high production efficiency. As industries demand materials that offer superior performance, design flexibility, and cost-effectiveness, the development of advanced material formulations and manufacturing processes is driving market growth and competitiveness.

Market Opportunity: Penetration into Emerging Applications and Industries

A significant opportunity for the thermoplastic tapes market lies in the penetration into emerging applications and industries. While thermoplastic tapes are already widely used in aerospace, automotive, and marine sectors, there are opportunities to explore new applications and market segments where thermoplastic tapes can offer unique advantages. This includes industries such as renewable energy, infrastructure, and sports equipment, where lightweight, durable, and corrosion-resistant materials are in demand. Additionally, there are opportunities to develop specialized thermoplastic tape solutions tailored to specific performance requirements, regulatory standards, and end-use environments of different applications. By collaborating with customers to develop customized solutions, thermoplastic tape manufacturers can address unmet needs, differentiate their offerings, and capture market share in emerging applications and industries. As industries continue to seek innovative materials for lightweighting, structural reinforcement, and performance enhancement, the penetration into emerging applications presents significant growth opportunities for thermoplastic tape manufacturers.

Thermoplastic Tapes Market Share Analysis: Glass Fiber segment generated the highest revenue in 2024

Glass Fiber is the largest segment within thermoplastic Tapes Market. In particular, glass fiber offers a compelling combination of properties such as high strength, stiffness, chemical resistance, and cost-effectiveness, making it widely used in various industrial applications. Glass fiber tapes are extensively utilized in industries such as automotive, aerospace, construction, and wind energy for applications requiring reinforcement, structural support, and thermal insulation. Moreover, the versatility of glass fiber tapes allows for their incorporation into composite materials, enhancing their mechanical properties and performance. Additionally, the growing demand for lightweight and high-performance materials in sectors like automotive and aerospace further drives the adoption of glass fiber tapes as they offer significant weight reduction potential compared to traditional materials like metals. Furthermore, advancements in glass fiber technology, including the development of specialty formulations and improved manufacturing processes, continue to expand the application potential of glass fiber tapes, solidifying their position as the largest segment within thermoplastic Tapes Market.

Thermoplastic Tapes Market Share Analysis: PAEK (Polyaryletherketone) is poised to register the fastest CAGR over the forecast period

PAEK (Polyaryletherketone) is the fastest-growing segment within thermoplastic Tapes Market. In particular, PAEK resins offer exceptional mechanical properties, including high temperature resistance, chemical resistance, and mechanical strength, making them ideal for demanding applications in industries such as aerospace, automotive, and oil and gas. The unique combination of properties exhibited by PAEK resins enables the production of lightweight, high-performance components and structures, contributing to fuel efficiency, durability, and operational reliability in various end-use sectors. Moreover, the increasing demand for lightweight materials to improve fuel efficiency and reduce carbon emissions in automotive and aerospace applications is driving the adoption of PAEK tapes as they offer significant weight reduction potential compared to traditional materials like metals. Additionally, advancements in PAEK resin formulations and processing technologies have further expanded their application potential, allowing for the development of innovative solutions to meet the evolving needs of industries such as medical devices, electronics, and industrial equipment. Furthermore, the growing trend towards sustainability and environmental responsibility is prompting manufacturers to explore bio-based and recyclable variants of PAEK resins, further fuelling their market growth and solidifying their position as the fastest-growing segment within thermoplastic Tapes Market.

Thermoplastic Tapes Market Share Analysis: Automotive & Transportation segment generated the highest revenue in 2024

The Automotive & Transportation segment stands out as the largest segment within thermoplastic Tapes Market. In particular, the automotive and transportation industries are major consumers of thermoplastic tapes due to their lightweight, high-strength, and durable properties. Thermoplastic tapes are extensively used in automotive applications such as structural reinforcements, interior components, and exterior body panels, where they offer significant weight reduction potential compared to traditional materials like metals. Moreover, the increasing focus on fuel efficiency, emission reduction, and vehicle electrification in the automotive sector drives the demand for lightweight materials like thermoplastic tapes. Additionally, the transportation sector, including rail, marine, and aerospace, also utilizes thermoplastic tapes for structural enhancements, corrosion resistance, and thermal insulation, further contributing to their market dominance. Furthermore, advancements in material science and manufacturing processes have led to the development of thermoplastic tapes with enhanced performance characteristics, expanding their application potential in automotive and transportation applications, solidifying their position as the largest segment within thermoplastic Tapes Market.

Thermoplastic Tapes Market

By Fiber
Carbon Fiber
Glass Fiber
Others
By Resin
PAEK
PPS
PA
PP
Others
By End-User
Aerospace & Defense
Automotive & Transportation
Oil & Gas
Sporting Goods
Medical & Healthcare
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Thermoplastic Tapes Companies Profiled in the Study

3M Company
Arkema SA
Avient Corp
BASF SE
Celanese Corp
Chomarat
Evonik Industries AG
Hexcel Corp
Mitsubishi Chemical Group
Mitsui Chemicals Inc
Park Aerospace Corp
ROYAL DSM N.V.
SABIC
SGL Carbon
Sigmatex
Solvay SA
TCR Composites Inc
Teijin Ltd
Toray Industries Inc
Victrex Plc
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Thermoplastic Tapes Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Thermoplastic Tapes Market Size Outlook, $ Million, 2021 to 2032
3.2 Thermoplastic Tapes Market Outlook by Type, $ Million, 2021 to 2032
3.3 Thermoplastic Tapes Market Outlook by Product, $ Million, 2021 to 2032
3.4 Thermoplastic Tapes Market Outlook by Application, $ Million, 2021 to 2032
3.5 Thermoplastic Tapes Market Outlook by Key Countries, $ Million, 2021 to 2032

4 Market Dynamics
4.1 Key Driving Forces of Thermoplastic Tapes Industry
4.2 Key Market Trends in Thermoplastic Tapes Industry
4.3 Potential Opportunities in Thermoplastic Tapes Industry
4.4 Key Challenges in Thermoplastic Tapes Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Thermoplastic Tapes Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Thermoplastic Tapes Market Outlook by Segments
7.1 Thermoplastic Tapes Market Outlook by Segments, $ Million, 2021- 2032
By Fiber
Carbon Fiber
Glass Fiber
Others
By Resin
PAEK
PPS
PA
PP
Others
By End-User
Aerospace & Defense
Automotive & Transportation
Oil & Gas
Sporting Goods
Medical & Healthcare
Others

8 North America Thermoplastic Tapes Market Analysis and Outlook To 2032
8.1 Introduction to North America Thermoplastic Tapes Markets in 2024
8.2 North America Thermoplastic Tapes Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Thermoplastic Tapes Market size Outlook by Segments, 2021-2032
By Fiber
Carbon Fiber
Glass Fiber
Others
By Resin
PAEK
PPS
PA
PP
Others
By End-User
Aerospace & Defense
Automotive & Transportation
Oil & Gas
Sporting Goods
Medical & Healthcare
Others

9 Europe Thermoplastic Tapes Market Analysis and Outlook To 2032
9.1 Introduction to Europe Thermoplastic Tapes Markets in 2024
9.2 Europe Thermoplastic Tapes Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Thermoplastic Tapes Market Size Outlook by Segments, 2021-2032
By Fiber
Carbon Fiber
Glass Fiber
Others
By Resin
PAEK
PPS
PA
PP
Others
By End-User
Aerospace & Defense
Automotive & Transportation
Oil & Gas
Sporting Goods
Medical & Healthcare
Others

10 Asia Pacific Thermoplastic Tapes Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Thermoplastic Tapes Markets in 2024
10.2 Asia Pacific Thermoplastic Tapes Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Thermoplastic Tapes Market size Outlook by Segments, 2021-2032
By Fiber
Carbon Fiber
Glass Fiber
Others
By Resin
PAEK
PPS
PA
PP
Others
By End-User
Aerospace & Defense
Automotive & Transportation
Oil & Gas
Sporting Goods
Medical & Healthcare
Others

11 South America Thermoplastic Tapes Market Analysis and Outlook To 2032
11.1 Introduction to South America Thermoplastic Tapes Markets in 2024
11.2 South America Thermoplastic Tapes Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Thermoplastic Tapes Market size Outlook by Segments, 2021-2032
By Fiber
Carbon Fiber
Glass Fiber
Others
By Resin
PAEK
PPS
PA
PP
Others
By End-User
Aerospace & Defense
Automotive & Transportation
Oil & Gas
Sporting Goods
Medical & Healthcare
Others

12 Middle East and Africa Thermoplastic Tapes Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Thermoplastic Tapes Markets in 2024
12.2 Middle East and Africa Thermoplastic Tapes Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Thermoplastic Tapes Market size Outlook by Segments, 2021-2032
By Fiber
Carbon Fiber
Glass Fiber
Others
By Resin
PAEK
PPS
PA
PP
Others
By End-User
Aerospace & Defense
Automotive & Transportation
Oil & Gas
Sporting Goods
Medical & Healthcare
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
3M Company
Arkema SA
Avient Corp
BASF SE
Celanese Corp
Chomarat
Evonik Industries AG
Hexcel Corp
Mitsubishi Chemical Group
Mitsui Chemicals Inc
Park Aerospace Corp
ROYAL DSM N.V.
SABIC
SGL Carbon
Sigmatex
Solvay SA
TCR Composites Inc
Teijin Ltd
Toray Industries Inc
Victrex Plc

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Fiber
Carbon Fiber
Glass Fiber
Others
By Resin
PAEK
PPS
PA
PP
Others
By End-User
Aerospace & Defense
Automotive & Transportation
Oil & Gas
Sporting Goods
Medical & Healthcare
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)