CFRTP Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Carbon fiber reinforced thermoplastics (CFRTP) are composite materials which are lightweight materials and possess high strength, high modulus of elasticity, high impact and deformation resistance, and inertness to alkaline and acid corrosion. They are seen as advanced materials and hence are used in high performance applications such as wind turbines, aircraft, sports cars, sports equipment, aircraft, etc.

MARKET DYNAMICS

The potential of CFRTP as an alternative material to curb the weight of high-end motorbikes and sports cars is expected to have a positive impact on the CFRTP industry. The government imposed norms on CO2 emissions from vehicles that have led significant automobile manufacturing companies to implement lightweight engineering materials to reduce fuel consumption and curb emissions. As major automobile manufacturing giants face the increasing pressure to build next-generation lightweight cars, it is expected that CFRTP and other composite materials are likely to play a crucial role in the development of the automotive industry. Other end-use industries such as marine, aviation and aerospace, defense, and general engineering are also anticipated to fuel the demand for CFRTP as it continues replacing metals such as steel alloy and aluminum in certain advanced applications where the cost of using CFRTP is not a major constraint.

MARKET SCOPE

The "Global CFRTP Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the CFRTP market with detailed market segmentation by resin type, product, application, and geography. The global CFRTP market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading CFRTP market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global CFRTP market is segmented on the basis of resin type, product,and application. On the basis of resin type, the CFRTP market is segmented into polyamide (PA), polyetheretherketone (PEEK), polyphenylene sulfide (PPS), polycarbonate (PC), and others. The CFRTP market on the basis of product is classified into continuous carbon fiber, long carbon fiber, and short carbon fiber. Based on application, the global CFRTP market is divided into aerospace, automotive, consumer durables, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global CFRTP market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The CFRTP market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the CFRTP market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the CFRTP market in these regions.

MARKET PLAYERS

The reports cover key developments in the CFRTP market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the CFRTP market are anticipated to lucrative growth opportunities in the future with the rising demand for CFRTP in the global market. Below mentioned is the list of few companies engaged in the CFRTP market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the CFRTP market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.

•  Aerosud
  
•  Celanese Corporation
  
•  Covestro AG
  
•  Plasticomp, Inc.
  
•  Polyone Corporation
  
•  Royal Ten Cate N.V.
  
•  SGL Group
  
•  Solvay S.A.
  
•  Teijin Limited
  
•  Toray Industries, Inc.
  
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

CFRTP Report Scope