The global carbon fiber reinforced thermal plastics market is expected to grow during the forecast period (2017-2023) due to increasing demand for fuel-efficient vehicles and the flexibility to mold CFRTP into complex shapes and designs. Additionally, the increasing use of CFRTP in automotive, aerospace and consumer applications is expected to drive the growth of global CFRTP market during the forecast period. Moreover, the minimal maintenance costs and rapid urbanization is expected to further spike the demand for CFRTP during the forecast period.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/carbon-fiber-reinforced-thermal-plastics-market
CFRTP are strong and light fibers reinforced plastics containing carbon fibers. The high strength to weight ratio and rigidity of the CFRTP, increases the demand in the automotive and aircraft industries.
The global market for CFRTP is segmented by resin type, product type, application and geography. By resin type, the CFRTP market is segmented into Polyetheretherketone (PEEK), Polyamide (PA), Polycarbonate (PC) and Polyphenylene Sulphide (PPS). PEEK market has projected a considerable growth during the forecast period for their high temperature operational stability and high impact resistance.
By product type, the global market for CFRTP is categorized as continuous carbon fiber, long carbon fiber and short carbon fiber. Continuous carbon fiber dominates the overall market and are widely deployed in automotive, aerospace and consumer durables on account of their high strength compared to short and long carbon fibers. By application, the CFRTP market is categorised into aerospace, automotive and consumer durables. The automotive segment drives the market for CFRTP, in terms of value and volume. CFRTP exhibits properties such as resistance to chemicals, operational and dimensional stability at high temperatures which is expected to increase the demand for CFRTP in aerospace industries during the forecast period.
North America is estimated to be the fastest-growing market for CFRTP during the forecast period owing to the rapid urbanization and industrialization. Companies such as Airbus S.A and Boeing utilize CFRTP for the manufacturing of combat and cargo transport aircraft, which is expected to further contribute to the overall market in the region.
Browse For Related Research Visit Here: https://www.psmarketresearch.com/industry-report/chemicals-and-materials
The key companies operating in the CFRTP market are Solvay Group, Teijin Limited, SGL Group, Celanese Corporation, Toray industries, Inc., Koninklijke Ten Cate, PolyOne, PlastiComp, Aerosud and Covestro AG.
By Resin Type
- Polyetheretherketone (PEEK)
- Polyamide (PA)
- Polycarbonate (PC)
- Polyphenylene Sulfide (PPS)
By Product Type
- Continuous carbon fiber
- Long carbon fiber
- Short carbon fiber
- Consumer durables
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY – 10016
Toll-free: +1-888-778-7886 (USA/Canada)