Global CFRTP Market, By Resin Type (Polyetheretherketone (PEEK), Polyamide (PA), Polycarbonate (PC), Polyphenylene Sulfide (PPS)), Product Type (Carbon Fiber, Long Carbon Fiber and Short Carbon Fiber), Applications (Aerospace, Automotive and Consumer Durables), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights of Global CFRTP Market
Global CFRTP market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 686.3 million by 2027 growing at a CAGR of 8.9% in the above-mentioned forecast period.
CFRTP or carbon fiber‐reinforced thermoplastic is a strong material made of lightweight fibrous plastic. Carbon fiber reinforced polymer has its application in automotive and aerospace and other fields. Weight loss is required to optimize efficiency in automotive applications, and excellent performance characteristics at very high temperatures can serve as key drivers in the growth of the carbon fiber reinforced polymer market. The growing demand for CFRTP in the aerospace and defense and energy and power industries and excellent performance characteristics at very high temperatures are the factors enhancing the market growth.
It is expected to increase the applications of CFRTP due to its lightness, rigidity and strength. Industries such as automotive, aerospace and machinery and equipment emphasize the reduction of the weight of vehicles and machinery; it enhances the performance and efficiency of the vehicle driving the worldwide carbon fiber‐reinforced thermoplastic.
In addition, consumer awareness of pollution tariffs and efficient vehicles has increased the demand for lighter weight vehicles, increasing the demand for carbon fiber‐reinforced thermoplastic (CFRTP) composites in the market. Since fuel efficiency depends on weight; Therefore, the demand for lightweight materials such as marine and wind-turbines from industries has increased to meet this demand and are more expensive than other metals and alloys, and this factor is creating opportunities in the market. On the other hand, the need for high customization for end-use applications can create market barriers.
This global CFRTP market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research global CFRTP market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global CFRTP Market Scope and Market Size
Global CFRTP market is segmented on the basis of resin type, product type and applications. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on resin type, the CFRTP market is segmented into polyetheretherketone (PEEK), polyamide (PA), polycarbonate (PC), polyphenylene sulfide (PPS)). .
- Based on product type, the CFRTP market is segmented into continuous carbon fiber, long carbon fiber and short carbon fiber.
- Based on applications, the CFRTP market is segmented into aerospace, automotive and consumer durables.
Global CFRTP Market Country Level Analysis
Global CFRTP market is analysed and market size insights and trends are provided by country, resin type, product type and applications as referenced above.
The countries covered in the CFRTP market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
North America dominates the CFRTP market due to the high prevalence of breast cancer patients, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to the focus of various established market players to expand their presence in this particular region.
The country section of the CFRTP market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global CFRTP Market Share Analysis
Global CFRTP market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to CFRTP market.
The major players covered in the CFRTP market report are Solvay, Koninklijke Ten Cate Bv. TEIJIN LIMITED, TORAY INDUSTRIES, INC., SGL Group, Celanese Corporation, Covestro AG, POLYONE CORPORATION, Plasti Comp, Inc., AEROSUD among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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