The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 30 major countries. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better. Thermoplastic composites or CFRTP are generally based on resins that are made of polycarbonate and are the growing substitute of metal and different solutions of plastic composites. Various types of continuous fiber reinforced thermoplastic composites or CFRTP are being designed and developed by leading companies with features such as lightweight and thin in size that will help in advancing the solutions for the automotive, consumer goods, transportation, and IT markets. They can be flame-retardant materials as well with impeccable power and dimensional stability. These fiber reinforced thermoplastics are also formable freely, recyclable, and can be processed easily as well. Further these novel materials also present excellent surfaces, thus enabling all kinds of paintings and coatings.
North America accounted for the largest share of the CFRTP market in 2017, owing to the high demand for CFRTP from aerospace, automotive, and consumer durables sectors. In addition, mass production of CFRTP and increasing usage of composites in aerospace application are other significant factors contributing to the growth of the CFRTP market in the North American region. North America is also expected to be the fastest-growing market for CFRTP in the next five years.
The CFRTP market is driven by the increasing demand for fuel-efficient vehicles, increasing use of CFRTP in aerospace applications, and flexibility offered by CFRTP in manufacturing complex shapes & designs. In addition, technological advancements for the mass production of CFRTP are further propelling the growth of the CFRTP market.
The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading CFRTP by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global CFRTP market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2028.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
First, this report covers the present status and the future prospects of the global CFRTP market for 2015-2028.
In this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Solvay
Royal Ten Cate
Teijin Limited
Toray
SGL Group
Celanese
Covestro
PolyOne Corporation
PlastiComp
Aerosud
At the same time, we classify CFRTP according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market by Order Type
Continuous
Long
Short
Market by Application
Aerospace
Automotive
Consumer Durables
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the CFRTP market for the forecast period 2021 - 2028?
• What are the driving forces in the CFRTP market for the forecast period 2021 - 2028?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the CFRTP industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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