Market Definition:Global CFRTP Market
CFRTP or carbon fiber reinforced polymer is the composite material. It is a strong material having light fibred plastic. Carbon fiber reinforced polymer has its application in automotive and aerospace, and other sectors. Need to reduce weight to optimize efficiency in automotive applications, and excellent performance properties at very high temperatures may act as the major driver in the growth of Carbon fiber reinforced polymer market. On the other side, high customization requirement for end-use applications may hamper the market.
Major Market Drivers:Global CFRTP Market
- Need to reduce weight to optimize efficiency in automotive applications
- Growing demand for CFRTP in the aerospace & defense and energy & power industries
- Excellent performance properties at very high temperatures
- Higher costs compared to other metals and alloys
- High customization requirement for end-use applications
Market Segmentation: Global CFRTP Market
On the basis of resin type, global CFRTP market is segmented into Polyamide (PA), Polyetheretherketone (PEEK), Polyphenylene Sulfide (PPS), Polycarbonate (PC), and Others. The others segment is further sub segmented Polypropylene (PP), Polyetherimide (PEI), Polyetherketoneketone (PEKK). The others segment is further sub segment into Polypropylene (PP), Polyetherimide (PEI), and Polyetherketoneketone (PEKK)
On the basis of product, global CFRTP market is segmented into continuous carbon fiber, long carbon fiber, and short carbon fiber.
On the basis of application, the global CFRTP market is segmented into aerospace. The aerospace segment is further sub segmented into interior components, and exterior components. The interior components segment is further sub segmented into seats, and cabin. The exterior components segment is further sub segmented into fuselage, wings, and tail boom. The automotive segment is further sub segmented into exterior components, interior components, chassis, and powertrain & under the hood. The exterior components segment is further sub segmented into monocoque, hood, and doors. The interior components segment is further sub segmented into seats, and dashboard. The chassis segment is further sub segmented into wheels, and suspensions. The consumer durables segment is further sub segmented into laptops, digital cameras, and mobile handsets. The others segment is further sub segmented into transportation, wind energy, sporting goods, and medical equipment.
On the basis of geography, the global CFRTP market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global CFRTP Market
The global CFRTP market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global CFRTP Market
Some of the major players in global CFRTP market include Solvay, Koninklijke Ten Cate Bv. TEIJIN LIMITED, TORAY INDUSTRIES, INC., SGL Group, Celanese Corporation, Covestro AG, POLYONE CORPORATION, Plasti Comp, Inc., AEROSUD, and others.
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 analyzed and forecasted 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 inquiry.
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, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.