The global unidirectional tapes market is anticipated to witness significant growth during the forecast period. The growth is generally driven by the increasing use of these tapes in the various end-user industries such as aerospace and defense, automotive, and others, as these tapes provide exceptional chemical resistance.

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Increasing demand from the aerospace industry and high demand for these tapes from developed countries are among the major factors that are driving the unidirectional tapes market growth. The demand for these tapes is significantly increasing in the developed countries such as the U.S. and Canada, due to their increasing use in commercial passenger aircraft.

During the forecast period, North America is anticipated to account for the largest share in the market. The unidirectional tapes market of the region is derived by the high economic growth and significantly increasing investment in the aerospace and defense industry. Along with that, the increasing demand for lightweight, technologically advanced and fuel-efficient aircraft is projected to drive the market growth.

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Performance Composites Inc., Composites Evolution Ltd., SGL Group, Evonik Industries, Hexcel Corporation, SGL Group, Celanese Corporation, SABIC, PRF Composite Materials, and BASF SE are some of the major players operating in unidirectional tapes industry.

Source: VynZ Research