What Happened
Aerospace and EV Demand Drives Growth in Lightweight Materials
The global carbon fiber tape market is expected to increase from $2.67 billion in 2025 to $3.81 billion by 2031, driven by rising demand for lightweight, high-performance composite materials in aerospace, defense, automotive, and wind energy applications. The market is forecast to register a 6.08% CAGR during 2026-2031, with prepreg tape accounting for 63.45% of the market in 2025. According to Research and Markets, the growth is supported by advances in automated fiber placement, process-yield gains, and vertical integration, which help suppliers capture aerospace and EV demand. This growth was first reported by Research and Markets.