Title: Continuous Fiber Reinforced Thermoplastic (CFR-TP) Market trends research and projections for 2019 - 2025
1Continuous Fiber Reinforced Thermoplastics
(CFR-TP) Market Growth Outlook with Industry
Review and Forecast 2019-2025
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2 Global Market Scenario of Continuous Fiber
Reinforced Thermoplastics (CFR-TP) Industry
- The continuous fiber reinforced thermoplastics
(CFR-TP) market is segmented on the basis of
product into glass fiber, carbon fiber, aramid
fiber and others. Carbon fiber type
thermoplastics are generally used by aircraft
makers to reduce the weight of aircraft in order
to improve product efficiency. - Although the product demand is expected to
increase by rising demand of lightweight products
from various end user industries such as
construction, wind and marine as any fuel
efficiency is highly dependent on kerb weight.
The product is largely used in end user
industries owing to properties such as high
strength and light weight. - The product is used in many industries including
automotive, aerospace, electronics, sporting
goods, etc. The product has major application in
transport sector owing to strict environment
regulations and rising demand to produce light
weight vehicles. - The basic method to reduce green house gas
emissions from industries such as automotive and
civil aeronautics is to reduce the weight of the
vehicle. However, the product is largely used in
electronics industry. It has been found that a
laptop cover made from continuous
fiber-reinforced thermoplastic composites can
reduce the carbon footprints to around 70 as
compared to traditional magnesium- aluminum
alloy.
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3- Regional Trends-
- North America shall account for largest market
share in thermoplastic fibers industry which can
be attributed to increasing product demand by
aircraft makers in the region. - Europe also held a significant market share in
2018, as a result of strict government
regulations regarding carbon emissions. - Asia pacific on the other hand is likely to
follow an increasing trend due to exponentially
growing automobile production and sales in the
region.
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5- Competitive Trends
- Industry rivalry is quite high due to the
presence of various well-established players in
the international market. Several key players
indulged in this industry are Toray Industries,
Inc., Hexcel Corporation, Mitsubishi Rayon Co.,
Ltd, SGL Group, BASF SE, Lanxess, TenCate,
Celanese and AXIA Materials. The companies in
this industry are keen to produce raw materials
while reducing the overall production cost.
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