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(Transportation-News.com, October 26, 2021 )
Market Overview
Thermoplastic tape is a composite that combines fiber and plastic characteristics. The product is essentially a continuous roving that has been pre-impregnated with polymer plastic. At room temperature, such composites are quite flexible, but when heated and chilled, they stiffen.
The reaction is triggered by the thermoplastic tape's plastic impregnation melting and forming a homogeneous liquid that, when cooled, forms polymer linkages, resulting in a hardened composite element.The tape features a variety of useful properties and abilities, including flexible placement before curing, high strength and rigidity after curing, ease of storage and application and high recyclability, which make it an excellent choice for Organo sheet layups in-situ applications.
Typically, PEEK and PEKK thermoplastic tapes have been made utilizing a solvent or water-based powder application procedure. Melt-extrusion techniques have recently been created, eliminating the need for a solvent or water-based powder, allowing a wider range of materials to be employed.
Thermoplastic tapes with fiber volume fractions of 40–60% are typically produced using these processes. Stamp forming is the most prevalent method for making items out of thermoplastic tapes nowadays. Tapes are cut to a predetermined shape, stacked, heated, and pre-consolidated in this procedure. The preform is then put into a metal tool and pressed to solidify fully.
The thermoplastic composites are recyclable and they have processing advantages such a reduced cycle time, no volatile emissions, and a quick cycle time. Aluminum and steel are heavier than these materials. When heated above a certain temperature range, it softens, making the recycling process easier. Composites come in various shapes and sizes, including laminates, profiles, panels, and sheets, but component manufacturers prefer thermoplastic tape.
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Market Dynamics
Even though thermoplastic composite materials are available in various forms, including panels, laminates, sheets and profiles, component manufacturers still choose thermoplastic tape. Given the growing need for thermoplastic tape across various end-use sectors, manufacturers are eager to invest in various combinations and matrices of composites.
The lightweight featureof thermoplastic tapes is to drive the market.
Because of their lightweight qualities (50-70 percent lighter than steel and 25-30 percent lighter than aluminum), thermoplastic tapes are gaining interest in product manufacturing processes. The lightweight nature of thermoplastic tapes makes them ideal for both the launch vehicle and the payload in high-demand satellite applications. The material's low coefficient of thermal expansion assures dimensional stability when the satellite is thermally cycling.
Automobile manufacturers are focusing on thermoplastic unidirectional (UD) tapes in place of heavier metal alternatives as government regulations worldwide issue a clarion call for reducing carbon footprint in combination with increasing the production of electric vehicles (EV).
Market Segmentation:
By Material
• Fiber
• Resin
• Others
By Thickness
• 0.40 mm
By End-User
• Aerospace
• Automotive
• Building & Construction
• Industrial Goods
• Oil & Gas
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Geographical Analysis
North America holds the largest market shareglobal thermoplastic tape market.
Although North America dominates the worldwide thermoplastic tapes market, owing to the increased production of lightweight automobiles and aircraft. Legal action in the U.S. forces carmakers to fully electrify their vehicles, resulting in a surge in demand for lightweight automotive components.
According to the US Department of Commerce, the automotive industry is one of the main markets for composite materials. In recent years, thermoplastic tape has gained much traction as a viable composite material that can be used to make complicated parts and components and improve the qualities of the final product, thanks to its high recyclability.
The rise in aviation traffic in emerging countries is prompting manufacturers to construct aircraft fleets with impact-resistant and weight-cutting components, which are catching the attention of thermoplastic tapes makers. Furthermore, oil and gas fittings makers are paying attention to the developing intra-country and inter-country onshore pipeline projects in the U.S. and Canada to meet the growing demand for oil and gas.
Competitive Landscape
Manufacturers in the market continue to strategically emphasize producing thermoplastic tape with a higher fiber-to-resin content ratio. Several corporations are constructing new carbon fiber facilities to extend their global operations.
They're also focusing on collaborating and forming joint ventures to develop their business. The manufacturer's preference determines the material's thermoplastic composite matrix and it has unlimited permutations that can be employed according to the uses and needs of the user.
The worldwide thermoplastic tape market is highly consolidated. Key players operating in the global market for Thermoplastic Tape include Supreme SA, Sabic Corporation, CompTape, Maru Hachi Corporation, Toray Industries, Evonik Industries AG,Alpha Packaging, Inc, Shanghai Topolo New Materials, C.L. Smith, Aaron Packaging Inc., Teijin Limited and Mitsui Chemicals Inc.
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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