Thermoplastic composites or CFRTP are generally based on resins that are made of polycarbonate and are the growing substitute of metal and different solutions of plastic composites. Various types of continuous fiber reinforced thermoplastic composites or CFRTP are being designed and developed by leading companies with features such as lightweight and thin in size that will help in advancing the solutions for the automotive, consumer goods, transportation, and IT markets. They can be flame-retardant materials as well with impeccable power and dimensional stability. These fiber reinforced thermoplastics are also formable freely, recyclable, and can be processed easily as well. Further these novel materials also present excellent surfaces, thus enabling all kinds of paintings and coatings.
North America accounted for the largest share of the CFRTP market in 2017, owing to the high demand for CFRTP from aerospace, automotive, and consumer durables sectors. In addition, mass production of CFRTP and increasing usage of composites in aerospace application are other significant factors contributing to the growth of the CFRTP market in the North American region. North America is also expected to be the fastest-growing market for CFRTP in the next five years.
The CFRTP market is driven by the increasing demand for fuel-efficient vehicles, increasing use of CFRTP in aerospace applications, and flexibility offered by CFRTP in manufacturing complex shapes & designs. In addition, technological advancements for the mass production of CFRTP are further propelling the growth of the CFRTP market.
The global CFRTP market was valued at 1690 million US$ in 2018 and will reach 3230 million US$ by the end of 2025, growing at a CAGR of 8.5% during 2019-2025.
This report focuses on CFRTP volume and value at global level, regional level and company level. From a global perspective, this report represents overall CFRTP market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of CFRTP in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their CFRTP manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Solvay
Royal Ten Cate
Teijin Limited
Toray
SGL Group
Celanese
Covestro
PolyOne Corporation
PlastiComp
Aerosud
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
by Product Type
Continuous
Long
Short
by Resin Type
Polyetheretherketone
Polyamide
Polycarbonate
Polyphenylene Sulfide
Segment by Application
Aerospace
Automotive
Consumer Durables
Summary:
Get latest Market Research Reports on CFRTP. Industry analysis & Market Report on CFRTP is a syndicated market report, published as Global CFRTP Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of CFRTP market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.