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CFRTP Market size is expected to soar at high CAGR during the forecast period. Carbon fibre reinforced thermoplastic composite has wide range of applications in various industries including automotive, aerospace and consumer durables owing to its excellent properties such as strong impact strength, smoke & toxicity and lower weight. Further, extended product life and low maintenance properties will drive the CFRTP market.Prominent drivers of CFRTP market is increasing demand of the product in automotive industry. Growing need for lightweight material in various industries including construction, marine and turbine industry will reinforce the product usage in forecast timeframe.
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On the basis of resin type CFRTP market is segmented into, polyamide, polyphenylene sulphide, polycarbonate and polyether ether ketone. It can also be divided on the basis of its manufacturing process into, RTM, compression molding, pultrusion, filament winding, injection molding and layup.
Based on the product design, CFRTP market is classified into, short carbon fibre, long carbon fibre and continuous carbon fibre. Among these, continuous carbon fibre is expected to grow at high CAGR during the forecast years owing to its high strength property as compared to short and long carbon fibre.
Based on the end-use industries, CFRTP market is bifurcated into, aerospace, automotive, sports, power generation, marine and construction. Amongst, aviation industry possesses significant share owing to its various properties including operational stability, chemical resistance, dimensional stability, lightweight and easy to construct over other traditional materials which include metal alloys and thermoset composites.
The CFRTP Market reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. CFRTP Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. CFRTP Product Insights
5. CFRTP Application Insights
6. CFRTPRegional Insights
7. Competitor Profiles
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North America contributes substantially in CFRTP market and is anticipated to be grow at a decent pace during the forecast period. Upsurge in demand for these products in aerospace and automobile industries in the region will accelerate its usage. Further, increasing usage of composites in key defense instruments and Boeing manufacturers will impel the product size.
Europe is a decent region in global CFRTP market, followed by America, the region is expected to rise at healthy CAGR between 2017 and 2024. The region is embodied by its fast growing and high-tech construction and automobile industries. Strict government regulations by European government regarding automotive emissions will increase the demand for such products in this industry, in turn, fostering the CFRTP market. The presence of giant manufacturers in automobile industries which include Audi, Ferrari, BMW, Mercedes and Volkswagen in the region will propel the compound usage.
Reasons to Buy This Report:
1. CFRTP Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. CFRTPMarket growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Some of the prominent manufacturers globally are BASF SE, Mitsubishi plastics, Formosa, SGL, Toray Carbon Fibres, SABIC and Huntsman. Several other leaders operating in the same industry are Solvay, Celanese, PolyOne, Royal Tencate, Hexcel, Teijin and Covestro.
Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights
Website: https://www.gminsights.com/industry-analysis/cfrtp-market
Release ID: 523855
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