Carbon Thermoplastics Market - Global Industry Analysis 2016 -2024

Carbon thermoplastics are carbon fiber reinforced polymers with advanced material properties. It is used as a substitute of conventional materials such as fibers. It has a number of advantages such as high fracture toughness, recyclability, and remelting property. It is getting more attention from industrial sectors due to its easy processability. It combines the properties of both carbon filler and thermoplastic. Polyamide carbon thermoplastics are the most commonly used carbon thermoplastics. Carbon thermoplastics are used in various sectors such as aerospace, defense, automobile, sport, and industries.

The increased production and usage of automobiles owing to the technological advancements is the main factor that drive the global carbon thermoplastics market. The growth of polyamide resin segment is another factor which acts as a market driver of carbon thermoplastics. Carbon fiber reinforced polyamides are used in the exterior and interior parts of automotive. The disposable income and demand for luxurious automobiles are further driving the market. The market growth of carbon thermoplastics is associated with the rising demand for lightweight composite materials which are used for aerospace and defense applications.

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Moreover, the government policies that aim at reducing emissions from automobiles have helped in increasing the demand for lightweight carbon thermoplastics. Sports sector is another area which is associated with the carbon thermoplastics market due to increase in demand for lightweight and strong sports equipment. Demand from Asia Pacific and Middle East countries is driving the carbon thermoplastics market due to rapid industrialization. The restraining factor of the carbon thermoplastics market is the high cost of carbon fiber compared to glass or natural fibers.

Its market is segmented in terms of the type of resin used as polyamide (PA), polypropylene (PP), polyphenylene sulfide (PPS), polyetherimide (PEI), polyether ether ketone (PEEK), and polycarbonate (PC). On the basis of application, carbon thermoplastics are segmented as automobile, aviation and aerospace, defense, sports equipment, and other industries. It is mostly used in automobile sector and segmented as exterior, interior, chassis, and powertrain & under the hood (UTH).

The carbon thermoplastics market had a robust growth in 2015. It is expected to follow the same trend in the forecast period. In terms of region, the market has been segmented into Asia Pacific, North America, and Europe. In Asia Pacific, China is the major player owing to the growing manufacturing sector in the country. North America and Europe are significant players in the carbon thermoplastics market because of the rising demand from automobile, aerospace, and defense industries for advanced composite materials. Middle East and Latin America are growing dynamic markets for carbon thermoplastics due to recent technological developments in these regions.

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