Global CFRTP Market is Driven by Rising Applications in Aerospace and Defence Industry

CFRTP Market is estimated to grow at 9.3% for 2017-2024 with factors such as high cost of metals and alloys along with need of high customization in end-use applications which will hamper the growth of the market in emerging economies.

CFRTP market has shown an exceptional penetration in developed economies in North America. Increasing usages in defense, aerospace and automobile industries which will help in driving the growth of the market. 

CFRTP Market Scenario

According to Data Bridge Market Research the CFRTP market is witnessing a significant growth in developing economies during the forecast period of 2017-2024 due to factors such as rising applications in aerospace and automobile industries, rising usages of product due to their excellent properties, technological advancement which will likely to enhance the growth of the market.

Now the question is which are the other regions that CFRTP market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific CFRTP market and the market leaders targeting China, India and Japan to be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the CFRTP market.

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CFRTP Market Development in 2019

  • In March 2019, Teijin Limited announced that their product Sereebo carbon fiber reinforced thermoplastic (CFRTP) has been selected for being used in 4K digital cameras while the product will designed for injection molding which handle top cover of both cameras.

Scope of the CFRTP Market

CFRTP market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the CFRTP market is further analyzed based on maximum granularity into further segmentation. On the basis of resin type, the market is segmented into polyamide (PA), polyetheretherketone (PEEK), polyphenylene sulfide (PPS), polycarbonate (PC), and other. Based on product, the market is segmented into continuous carbon fiber, long carbon fiber, and short carbon fiber. The applications covered for the report are aerospace, automotive, and consumer durable.
  • CFRTP is a type of composite material which is used to reduce weight to optimize efficiency with their light fibred plastic in automotive applications while provide excellent performance properties at high temperature.

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Key Pointers Covered in the CFRTP Market Industry Trends and Forecast to 2024

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Solvay
  • Koninklijke Ten Cate Bv
  • SGL Group
  • Celanese Corporation
  • Covestro AG
  • Plasti Comp, Inc.

Above are the key players covered in the report, to know about more and exhaustive list of CFRTP companies contact us

Research Methodology: Global CFRTP Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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