Continuous Fiber Thermoplastic Market is Forecasted to Reach US$ 200 million in 2027, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the global continuous fiber thermoplastic market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2027: US$ 200 million
Growth (CAGR): 7.1% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 7
Number of Tables & Graphs: 100+

Segment Insights on the Continuous Fiber Thermoplastic Market:
The global continuous fiber thermoplastic market is segmented based on product type, fiber type, resin type, end-use industry type, temperature type, process type, and region.

Based on product type - The market is classified into thermoplastic UD prepreg, thermoplastic fabric prepreg, commingled yarn, and others. UD prepreg is likely to remain the most dominant product type in the market in the foreseen future. The product type captured the lion's share of the market in 2021 and is expected to grow at a healthy rate during the forecast period. UD prepregs are widely preferred in the aerospace & defense and automotive industries. Commingled yarn is used in cost-sensitive applications. Glass fiber is the most preferred material type for commingled yarns.

Based on the fiber type - The market is segmented as carbon fiber CFT and glass fiber CFT. Glass fiber CFT is expected to remain the most dominant fiber type (volume basis) in the market during the forecast period. Glass fiber CFTs are more flexible and lesser expensive than carbon fiber CFTs. They are frequently used in high-volume applications where low unit cost is a priority. It is also the preferred material type for applications that don't require maximum stiffness. Carbon fiber CFT, on the other hand, allows for greater tensile strength at a lower weight. It is expected to grow at a higher pace during the forecast period.

Based on the process type - The market is segmented as compression molding, injection molding, AFP/ATL, and others. Compression molding is likely to remain the majorly used process type in the market during the forecast period. Compared to other manufacturing processes, compression molding is relatively simple and involves lower tooling costs. The adoption of AFP/ATL in CFT processing is slowly rising. It is anticipated to register an impressive CAGR of more than 9% during the forecast period.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/2774/continuous-fiber-thermoplastic-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for CFTs over the forecast period on account of the huge presence of tier players in the aerospace industry. This growth outlook is majorly attributed to the following-
- The region is the biggest market for advanced composites, creating ample opportunities for the market participants in the years to come.
Asia-Pacific is estimated to witness the fastest growth during the forecast period.
- Factors, such as increasing automobile production, a gradual shift of the aerospace industry in key Asian economies, and rising penetration of advanced composites, are driving the demand for CFTs in the region.

Continuous Fiber Thermoplastic Market Drivers:

Some of the key drivers listed in the report are given below.
- Rising demand for CFTs in the aerospace, automotive, and consumer goods industries, owing to an increased demand for lightweight parts, stringent regulations concerning fuel efficiency and emission level, and higher performance w are some of the major factors driving the demand for CFTs.

Top Companies in the Continuous Fiber Thermoplastic Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Toray Industries Inc.
• Solvay S.A. (Cytec Industries Incorporated)
• Teijin Carbon Europe GmbH (Toho Tenax)
• Bond-Laminates (Lanxess AG)
• Avient Corporation (PolyOne Corporation)
• Jiangsu Qiyi Technology Co., Ltd.
• BASF SE
• Celanese Corporation
• Covestro AG
• Kingfa Science & Technology (India) Limited

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Continuous Fiber Thermoplastic Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Prepreg Market: https://www.stratviewresearch.com/1059/prepreg-market.html

• Short Fiber Thermoplastic Market: https://www.stratviewresearch.com/2772/short-fiber-thermoplastic-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.