Market Size of Carbon Fiber Tape Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Carbon Fiber Tape Market Analysis
The global market for carbon fiber tape is expected to register a CAGR of over 6% during the forecast period. The major factor driving the market studied is the rapidly increasing demand from the aerospace industry. On the flip side, high processing and manufacturing cost of carbon fiber and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
The aerospace and defense industry is expected to dominate the global carbon fiber tape market over the forecast period.
North America is expected to dominate the global carbon fiber tape market during the forecast period owing to the increasing consumption from countries, such as the United States and Canada.
