Carbon Fiber Reinforced Thermal Plastics Market : Analysis, Growth Factors, Market Shares and Opportunities by 2023

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The global carbon fiber reinforced thermal plastics market is expected to grow during the forecast period (2017-2023) due to increasing demand for fuel-efficient vehicles and the flexibility to mold CFRTP into complex shapes and designs.

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CFRTP are strong and light fibers reinforced plastics containing carbon fibers. The high strength to weight ratio and rigidity of the CFRTP, increases the demand in the automotive and aircraft industries.

The global market for CFRTP is segmented by resin type, product type, application and geography. By resin type, the CFRTP market is segmented into Polyetheretherketone (PEEK), Polyamide (PA), Polycarbonate (PC) and Polyphenylene Sulphide (PPS).

North America is estimated to be the fastest-growing market for CFRTP during the forecast period owing to the rapid urbanization and industrialization.

The major challenge faced with the CFRTP market is the high cost of the raw materials and manufacturing costs, coupled with stiff competition from thermoset composite manufacturers.

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The key companies operating in the CFRTP market are Solvay Group, Teijin Limited, SGL Group, Celanese Corporation, Toray industries, Inc., Koninklijke Ten Cate, PolyOne, PlastiComp, Aerosud and Covestro AG.

Market Segmentation
By Resin Type
  • Polyetheretherketone (PEEK)
  • Polyamide (PA)
  • Polycarbonate (PC)
  • Polyphenylene Sulfide (PPS)
  • Others
By Product Type
  • Continuous carbon fiber
  • Long carbon fiber
  • Short carbon fiber
By Application
  • Aerospace
  • Automotive
  • Consumer durables
  • Others
By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Austria
    • Sweden
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Malaysia
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Israel
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Mexico

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