Press Release

Global CFRTP market is valued at 1.69 Billion US$ in 2018 is expected to reach 3.23 Billion US$ by the end of 2025, growing at a CAGR of 8.5% during 2019-2025 | Industry Leaders Covered | Solvay, Royal Ten Cate, Teijin Limited, Toray, SGL Group, Celanese, Covestro, PolyOne Corporation, PlastiComp, Aerosud|

Global CFRTP market is valued at 1.69 Billion US$ in 2018 is expected to reach 3.23 Billion US$ by the end of 2025, growing at a CAGR of 8.5% during 2019-2025 | Industry Leaders Covered | Solvay, Royal Ten Cate, Teijin Limited, Toray, SGL Group, Celanese, Covestro, PolyOne Corporation, PlastiComp, Aerosud|

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 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 1690 million US$ in 2018 is expected to reach 3230 million US$ by the end of 2025, growing at a CAGR of 8.5% during 2019-2025.
This report focuses on CFRTP volume and value at global level, regional level and company level. From a global perspective, this report represents overall CFRTP market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The report includes an in-depth analysis of the competitive landscape of this business vertical, constituting manufacturers like:
Solvay
Royal Ten Cate
Teijin Limited
Toray
SGL Group
Celanese
Covestro
PolyOne Corporation
PlastiComp
Aerosud

Market Segment by Regions includes:
North America
Europe
China
Japan

Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
by Product Type
Continuous
Long
Short
by Resin Type
Polyetheretherketone
Polyamide
Polycarbonate
Polyphenylene Sulfide

By Industrial Application, the market can be split into:
Aerospace
Automotive
Consumer Durables

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.

Browse contents of Global CFRTP Market Research Report 2019

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Trusted Business Insights
Joseph Anthony Jones
Senior Media & Marketing Executive
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