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CFRTP Market: Global Forecast until 2026

  • January 2017
  • 148 pages
  • ID: 4606004
In this report:
Thus, the growing demand of thermoplastic composites is expected to drive the CFRTP market in Austria, which is expected to register a CAGR of ##.##% and ##.##%, in terms of value and volume, between 2016 and 2021.
Asia-Pacific dominated the short fiber based CFRTP market with market share of ##.##% in terms of volume, in 2015 and it is expected to grow at a CAGR of ##.##% from 2016 to 2021.

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"The CFRTP market is estimated to rise at a compound annual growth rate of ~8.7 percent during the forecast period"

The CFRTP market is estimated to grow $1690.30M by 2026, at a compound annual growth rate (CAGR) of ~8.7 percent between 2016 and 2026. Key factors driving the rise of the CFRTP market contain rise in demand for fuel-efficient vehicles, use of CFRTP in aerospace applications, technological improvements, and flexibility in manufacturing complex shapes & designs. Nevertheless, high raw material and production costs and stiff competition from thermoset composite manufacturers are factors restraining the increase of the market.

"Aerospace is the leading application segment in the CFRTP market, in terms of value significance and quantity."

The aerospace application recorded for the biggest share of the CFRTP market both, in terms of value importance and quantity in 2015. The superior properties exhibited by CFRTP are one of the most significant factors driving the rise of the CFRTP market in the aerospace application segment. CFRTP affords dimensional stability and resistance against chemicals as well as operational stability at high temperatures in comparison to other conventional materials, including thermoset composites and metallic alloys.

"North America continent is the quickest increasing market for CFRTP"

North America (NA) is anticipated to be the quickest developing market for CFRTP during the upcoming five years. Factors providing to the increase of the North America CFRTP market contain the growing demand for CFRTP from aerospace and automotive sectors and quick urbanization and industrialization in this area.

This analysis on the CFRTP market has been approved through primaries managed with different market experts, globally. Those primary sources have been sliced into the following three categories:

- By Company Type - Tier 1 - 35.0 percent, Tier 2 - 25.0 percent, and 1/3 3 - 40.0 percent

- By Designation Level - C Level - 30.0 percent, Director Level - 25.0 percent, and Others - 45.0 percent

- By area - North america (NA) - 30.0 percent, Europe - 25.0 percent, Asia-Pacific - 30.0 percent, Middle East & Africa -10.0 percent, and Latin America - 5.0 percent

Segment Research

This market report includes the CFRTP market and forecasts the market value until 2026. The industry report includes the market segmentation by resin type {polyetheretherketone, polyamide, polyphenylene sulfide, and polycarbonate }, product class (continuous carbon fiber, long carbon fiber, and short carbon fiber), application (aerospace, automotive, and consumer durables), and area (North America continent, Europe (EU), Asia Pacific (APAC), Middle East (ME) & African continent, and Latin America area). The study offers info on Porter's five forces, together with market dynamics including drivers, industry restraints, possibilities, and opportunities. It also offers company descriptions and competitive landscape approved by top players in the CFRTP market.

Why acquiring this study can help you:

The market research will facilitate industry top players/new sector entrants in this sector in these ways:

1. This document breaks down the CFRTP market overall, and offers the closest approximations of revenues for the global market and sub-segments across different areas.

2. This business report benefits partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out their players and obtain business insights to better their position their businesses. The competitive outlook section includes the competitor ecosystem, recent product launches, strategic agreements, business developments, and mergers & acquisitions.

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