The aerospace and defense industry has witnessed an increase in demand for organosheet due to its lightweight, outstanding strength, and design flexibility.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Organosheet and Semi-Finished Thermoplastic UD-Tape Laminate Market – A Global and Regional Analysis.
According to this study, the market size of the organosheet and semi-finished thermoplastic UD-tape laminate market was valued at $596.8 million in 2021 and is projected to reach $1.67 billion by 2031.
The following factors are responsible for the increase in demand for organosheet and semi-finished thermoplastic UD-tape laminate:
- Adoption of lightweight materials in the automotive industry
- Stringent regulations to ensure sustainable development
- Improved production efficiency owing to reduced manufacturing time
The detailed study is a compilation of 120 market data tables and 33 figures spread through 199 pages.
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Analyst’s Take on the Market Projection
According to Sanyam Tetarwal, Lead Analyst, BIS Research, “The global organosheet and semi-finished thermoplastic UD-tape laminate market is growing due to increasing demand from the aerospace and defense industry due to rise in demand for lightweight and environmentally friendly materials. Furthermore, strict regulatory policies in different countries around the world are pressuring the transportation sector to choose solutions that reduce carbon emissions. These policy amendments by government bodies seek to promote environmental protection by pushing the users to adopt lightweight materials such as organosheet and semi-finished thermoplastic UD-tape laminate to improve locomotive fuel efficiency. Such factors are expected to play a significant role in ensuring increased organosheet adoption during the forecast period 2022-2031.”
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Existing Competitive Landscape
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are Avient Corporation, LANXESS, Covestro AG, Gividi Fabrics S.r.l., Kingfa SCI. & TECH. CO., LTD., PGTEX, Porcher Industries, SABIC, SGL Carbon SE, Teijin Limited, Mitsubishi Chemical Advanced Materials, Toray Advanced Composites, U.S. Liner Company, Jiangsu QIYI Technology Co., Ltd., Sigmatex and more.
Recent Developments in the Global Organosheet and Semi-Finished Thermoplastic UD-Tape Laminate Market
- In June 2022, Avient Corporation expanded its product portfolio by adding Complet REC long-fiber composite made from 25% to 100% recycled polyamide 66 and 25%-75% recycled thermoplastic polyurethane.
- In February 2022, Teijin Limited partnered with Fuji Design Co., Ltd. to recycle carbon fiber to reduce its CO2 emissions by 30% till FY2030.
Double Belt Press to Emerge as the Leading Technology Type During the Forecast Period
In terms of value, the global organosheet and semi-finished thermoplastic UD-tape laminate industry was dominated by double belt press technology in 2021 with a market value of $237.7.
According to the study by BIS Research, this technology is expected to continue its dominance and is projected to reach $682.7 million by 2031, registering a CAGR of 11.20% during the forecast period 2022-2031.
The dominance of the double belt press is attributed to its wide use in the aerospace and defense industry for component manufacturing. Presently, automotive and sports and leisure industries are also adopting organosheet and semi-finished thermoplastic UD-tape laminate manufactured by double belt press technology, as the product manufactured by the technology is of excellent quality.
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