South Korea Carbon Fibre Tape Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 11.0% from 2024 to 2030.
The South Korea carbon fibre tape market is experiencing significant growth, driven by its diverse applications across industries like automotive, aerospace, electronics, and construction. Carbon fibre tape, known for its high strength-to-weight ratio, durability, and flexibility, is in high demand for manufacturing advanced composite materials. The material’s unique properties make it ideal for reinforcing structures and components that need to withstand extreme stresses and conditions. As the demand for lightweight and durable materials increases, the carbon fibre tape market is poised for further expansion.
In the automotive sector, carbon fibre tape is extensively used for producing lightweight parts that reduce the overall weight of vehicles. This leads to improved fuel efficiency and enhanced performance. Manufacturers are increasingly relying on carbon fibre tape for applications such as body panels, frame reinforcements, and interior components. The automotive industry’s focus on sustainability and reducing carbon emissions has driven the adoption of carbon fibre tape as a key material for lightweighting initiatives.
The aerospace industry has also been a major contributor to the growth of the carbon fibre tape market in South Korea. Carbon fibre tape is widely used in the production of aircraft components, including fuselages, wings, and control surfaces. The material’s ability to withstand extreme temperatures and its lightweight nature makes it essential for building fuel-efficient aircraft that meet stringent industry standards. The growing demand for commercial aircraft and the rise of electric aviation are expected to further boost the market.
Electronics manufacturers are increasingly incorporating carbon fibre tape into products like smartphones, laptops, and tablets to enhance durability while maintaining a sleek, lightweight design. The tape is used for reinforcing the outer casing and internal components, ensuring greater protection against impacts and environmental wear. The rise of wearable tech and other portable electronic devices is driving demand in this sector.
In the construction industry, carbon fibre tape is used to strengthen and repair structures like bridges, buildings, and pipelines. Its high tensile strength makes it perfect for reinforcing concrete and steel structures that need to withstand heavy loads and harsh environmental conditions. This growing adoption in infrastructure maintenance and repair projects is another factor propelling the South Korean market.
The increasing awareness of environmental sustainability and the push for energy-efficient technologies are expected to continue driving the demand for carbon fibre tape. As industries across South Korea look for advanced materials to improve the performance and lifespan of their products, the carbon fibre tape market will play a crucial role in meeting these requirements.
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SABIC
Evonik
Zoltek
Solvay
Mitsubishi Rayon
Hexcel
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Carbon Fibre Tape Market
Woven Carbon Fibre Tape
Non-Woven Carbon Fibre Tape
Unidirectional Carbon Fibre Tape
Aerospace
Automotive
Construction
Marine
Sports Equipment
Industrial
Epoxy Resin
Polyester Resin
Vinyl Ester Resin
Phenolic Resin
Consumer Goods
Aerospace and Defense
Automotive
Industrial Manufacturing
Healthcare
Thin Tape (0.1mm - 0.5mm)
Medium Tape (0.6mm - 1.0mm)
Thick Tape (1.1mm and above)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Carbon Fibre Tape Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Carbon Fibre Tape Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Carbon Fibre Tape Market, By Type
6. South Korea Carbon Fibre Tape Market, By Application
7. South Korea Carbon Fibre Tape Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Carbon Fibre Tape Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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