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CFRTP Market by Product Type, Resin Type, Application, Region - Global Forecast to 2026

CFRTP Market by Product Type, Resin Type, Application, Region - Global Forecast to 2026

  • January 2017
  • 148 pages
  • ID: 4606004
  • Format: PDF
  • MarketsandMarkets


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“The CFRTP market is projected to grow at a CAGR of 8.66% during the forecast period”
The CFRTP market is projected to reach USD 1,690.3 million by 2026, at a CAGR of 8.66% between 2016 and 2026. Key factors driving the growth of the CFRTP market include increase in demand for fuel-efficient vehicles, use of CFRTP in aerospace applications, technological advancements, and flexibility in manufacturing complex shapes & designs. However, high raw material and production costs and stiff competition from thermoset composite manufacturers are factors restraining the growth of the market.

“Aerospace is the leading application segment in the CFRTP market, in terms of value and volume.”
The aerospace application accounted for the largest share of the CFRTP market both, in terms of value and volume in 2015. The superior properties exhibited by CFRTP are one of the most significant factors driving the growth of the CFRTP market in the aerospace application segment. CFRTP offers dimensional stability and resistance against chemicals as well as operational stability at high temperatures in comparison to other conventional materials, such as thermoset composites and metallic alloys.

“North America is the fastest-growing market for CFRTP”
North America is expected to be the fastest-growing market for CFRTP during the next five years. Factors contributing to the growth of the North America CFRTP market include the increasing demand for CFRTP from aerospace and automotive industries and rapid urbanization and industrialization in this region.

This study on the CFRTP market has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

- By Company Type - Tier 1 - 35%, Tier 2 - 25%, and Tier 3 - 40%
- By Designation Level - C Level - 30%, Director Level - 25%, and Others - 45%
- By Region - North America - 30%, Europe - 25%, Asia-Pacific - 30%, Middle East & Africa -10%, and Latin America - 5%

The report provides a comprehensive analysis of key companies listed below:
- Solvay S.A. (Belgium)
- Royal TenCate N.V. (Netherlands)
- Teijin Limited (Japan)
- Toray Industries, Inc. (Japan)
- SGL Group (Germany)
- Celanese Corporation (U.S.)
- Covestro AG (Germany)
- PolyOne Corporation (U.S.)
- PlastiComp, Inc. (U.S.)
- Aerosud (South Africa)

Research Coverage

This report covers the CFRTP market and forecasts the market size till 2026. The report includes the market segmentation by resin type {polyetheretherketone (PEEK), polyamide (PA), polyphenylene sulfide (PPS), and polycarbonate (PC)}, product type (continuous carbon fiber, long carbon fiber, and short carbon fiber), application (aerospace, automotive, and consumer durables), and region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America). The report provides information on Porter’s five forces, along with market dynamics such as drivers, restraints, opportunities, and challenges. It also provides company profiles and competitive strategies adopted by key players in the CFRTP market.

Reasons to buy the report:
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the CFRTP market comprehensively, and provides the closest approximations of revenues for the overall market and subsegments across different regions.
2. This report helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand their competitors and gain insights to better their position their businesses. The competitive landscape section includes the competitor ecosystem, new product launches, agreements, expansions, and mergers & acquisitions.

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