Thermoplastic Tape Market Size, Share, Industry, Forecast and outlook (2023-2030)

The thermoplastic tape market is expected to grow at a CAGR of 15.9% from 2023 to 2030, driven by increasing demand for lightweight and sustainable materials in various industries such as aerospace, automotive, and construction.

The market is driven by several factors, including the increasing demand for lightweight materials in aerospace and automotive industries, the exceptional mechanical properties of thermoplastic tapes, and their recyclability.

North America currently holds the largest market share due to the high production of lightweight vehicles and aircraft. However, Asia Pacific is expected to experience the fastest growth due to rising aviation traffic and infrastructure development.

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.