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Global CFRTP Market Worth CAGR 9.3% till 2024 | Major Players are: Solvay, Koninklijke Ten Cate Bv., TEIJIN LIMITED, TORAY INDUSTRIES, INC.
Press release from: Data Bridge Market Research
The Global CFRTP Market accounted for USD 820.1 million in 2016 and projected to grow at a CAGR of 9.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global CFRTP Market By Resin Type (Polyamide, Polyetheretherketone, Polyphenylene Sulfide, Polycarbonate); Product (Continuous Carbon Fiber, Long Carbon Fiber, Short Carbon Fiber); Application (Aerospace, Automotive, Consumer Durable); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Complete report on Global CFRTP Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global CFRTP Market
CFRTP or carbon fiber reinforced polymer is the composite material. It is a strong material having light fibred plastic. Carbon fiber reinforced polymer has its application in automotive and aerospace, and other sectors. Need to reduce weight to optimize efficiency in automotive applications, and excellent performance properties at very high temperatures may act as the major driver in the growth of Carbon fiber reinforced polymer market. On the other side, high customization requirement for end-use applications may hamper the market.
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Key Questions Answered in Global CFRTP Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global CFRTP Market in 2024?
• What are the key factors driving, Analysis by Applications and Countries Global CFRTP Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global CFRTP Market?
• Who are Opportunities, Risk and Driving Force of Global CFRTP Market?
• Who are the opportunities and threats faced by the vendors in Global CFRTP Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global CFRTP Market opportunities, market risk and market overview of the Market?
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Top Key Players:
• Koninklijke Ten Cate Bv.
• TEIJIN LIMITED
• TORAY INDUSTRIES, INC.
• SGL Group
• Celanese Corporation
• Covestro AG
• POLYONE CORPORATION
• Plasti Comp, Inc.
• and others.
Major Market Drivers:
• Need to reduce weight to optimize efficiency in automotive applications
• Growing demand for CFRTP in the aerospace & defense and energy & power industries
• Excellent performance properties at very high temperatures
• Higher costs compared to other metals and alloys
• High customization requirement for end-use applications
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Global CFRTP Market is segmented on the basis of
• Resin Type
Market Segmentations in Details:
On the basis of Resin Type, global CFRTP market is segmented into Polyamide (PA), Polyetheretherketone (PEEK), Polyphenylene Sulfide (PPS), Polycarbonate (PC), and Others.
On the basis of Product, global CFRTP market is segmented into continuous carbon fiber, long carbon fiber, and short carbon fiber.
On the basis of Application, the global CFRTP market is segmented into aerospace. The aerospace segment is further sub segmented into interior components, and exterior components.
On the basis of Geography,
• North America
• South America
• Middle East & Africa
Competitive Landscape: Global CFRTP Market
The global CFRTP market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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