Title: The CFRTP Market growth outlook with industry review and forecasts
1CFRTP Market Price, Trends, Industry Outlook
Forecast 2017-2024
2Global Market Scenario of CFRTP Industry
- 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. - 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.3 - Soaring demand of CFRTP as a substitute for
aluminium and steel will fuel its growth.
Besides, aviation industry is also concentrating
on reducing the inclusive weight of aircraft to
boost their efficiency. Carbon fibre reinforced
thermoplastic composite helps in reducing the
overall weight drastically.
3 Continue
- CFRTP are a widespread range of carbon based
materials designed by combining advanced polymer
and carbon fibre. It has excellent properties
including high fracture corrosion resistance
and high mechanical strength. - Reasons to Buy This Report
- 1. CFRTP Market size share forecast by
product application, 2017-2024 - 2. Growth drivers, pitfalls industry
challenges - 3. Key CFRTP Market growth opportunities
emerging business models - 4. Competitive benchmarking with market
share analysis and company profiles - Additionally, it can be easily remolded, in turn,
increasing the demand for this product in several
industrial sectors. Primary raw materials used in
manufacturing carbon thermoplastics are
polyacrylonitrile, petroleum pitch or rayon. - 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.
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Research Methodology
5Regional Insights
- 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. -
- Asia-Pacific is fastest growing in CFRTP market
during the expected timeframe owing to its rapid
transformation and urbanization. Various
countries in the region including China, Japan
and India are witnessing growing automobile
industries which will substantially drive the
product market. - 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.
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6Competitive Insights
- 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.
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