CFRTP Market 2022 Share, Trend, Segmentation and Forecast to 2029

 

Data Bridge Market Research analyses that the global carbon fiber reinforced thermoplastic composites (CFRTP) market which was USD 895.83 million in 2022, is expected to reach USD 1867.05 million by 2030, and is expected to undergo at a CAGR of 4.9% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Market Analysis and Insights 

The surge in demand for light weight vehicles across the globe acts as one of the major factors driving the growth of carbon fiber reinforced thermoplastic composites (CFRTP) market. The rise in demand for the material across aerospace, defense, and energy and power industries for excellent performance characteristics at very high temperatures, and high inclination towards CFRTP owning to their functional stability accelerate the market growth. The rise in awareness among population towards pollution fee and efficient vehicles, and high usage of the material to optimize efficiency in automotive applications further influence the market. In addition, rapid urbanization and industrialization, expansion of end-use industries, surge in investments and research and development activities positively affect the carbon fiber reinforced thermoplastic composites (CFRTP) market. Carbon fiber reinforced thermoplastic composites (CFRTP) are advanced composite materials made by combining carbon fiber reinforcements with a thermoplastic resin matrix. These composites are known for their high strength-to-weight ratio, stiffness, durability, and versatility in various engineering and industrial applications.

 

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CFRTP  Market Scope

The carbon fiber reinforced thermoplastic composites (CFRTP) market is segmented on the basis of resin type, product type and applications. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Resin Type

  • Polyetheretherketone (PEEK)
  • Polyamide (PA)
  • Polycarbonate (PC)
  • Polyphenylene Sulfide (PPS)

Product Type

  • Continuous Carbon Fiber
  • Long Carbon Fiber
  • Short Carbon Fiber

Applications

  • Aerospace
  • Automotive
  • Consumer durables

 

Competitive Landscape and CFRTP  Market Share Analysis

The global carbon fiber reinforced thermoplastic composites (CFRTP) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company's focus related to global carbon fiber reinforced thermoplastic composites (CFRTP) market.

Some of the major players operating in the global CFRTP market are:

  • LANXESS (Germany)
  • Solvay (Belgium)
  • PolyOne Corporation (U.S.)
  • RTP Company (U.S.)
  • Celanese Corporation (U.S.)
  • Avient Corporation (U.S.)
  • Daicel Corporation (Japan)
  • Sumitomo Bakelite Co., Ltd. (Japan)
  • Mitsubishi Chemical Corporation (Japan)
  • PPG Industries, Inc. (U.S.)
  • Asahi Kasei Corporation (Japan)
  • SABIC (Saudi Arabia)
  • Owens Corning (U.S.)
  • TORAY INDUSTRIES, INC (Japan)
  • BASF SE (Germany)
  • SGL Carbon (Germany)
  • SKYi Composites Pvt. Ltd. (India)
  • Great Eastern Resins Industrial Co. Ltd. (Taiwan)
  • JNC Corporation (Japan) 

 

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