Global CFRTP Market Professional Survey Report 2018
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, 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 the 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 global CFRTP market is valued at XX million US$ and will reach 3230 million US$ by the end of 2025, growing at a CAGR of 8.5% during 2018-2025.
Global CFRTP Market Professional Survey Report 2018 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2018 through 2025. Also, a five-year historic analysis is provided for these markets in this 89 pages report.
This market report provides in-depth analytics of the CFRTP industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
CFRTP market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
Royal Ten Cate
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
by Product Type
by Resin Type
By Industrial Application, the market can be split into:
Market Segment by Regions includes:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America
- Middle East and Africa.
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