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Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) - Global Market Trajectory & Analytics

  • ID: 4804632
  • Report
  • April 2021
  • Region: Global
  • 283 pages
  • Global Industry Analysts, Inc
Global Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) Market to Reach $1.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) estimated at US$919.3 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 7.5% over the analysis period 2020-2027. Continuous Carbon Fiber, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$743.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Long Carbon Fiber segment is readjusted to a revised 7.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $248.4 Million, While China is Forecast to Grow at 11.3% CAGR

The Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) market in the U.S. is estimated at US$248.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$341.8 Million by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Short Carbon Fiber Segment to Record 5.5% CAGR

In the global Short Carbon Fiber segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$128.9 Million in the year 2020 will reach a projected size of US$181.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$209.1 Million by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • Aerosud
  • Celanese Corporation
  • Covestro AG
  • PlastiComp, Inc.
  • PolyOne Corporation
  • Royal Ten Cate NV
  • SGL Group
  • Solvay SA
  • Teijin Ltd.
  • Toray Industries, Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
  • Surging Demand for Advanced Thermoplastic Composite Materials from Different End-User Industries Drives Market Growth
  • Superior Performance Benefits over Traditional Materials Promotes Growth Prospects
  • Sharper Focus on Weight and Fuel Cost Reduction in Aerospace Industry Augurs Well for Market Expansion
  • Positive Growth in Air Passenger Traffic and Ensuing Demand for Aircrafts to Benefit Market Prospects: Global Air Passenger Traffic (In Billion) for the Years 2020, 2025 & 2030
  • Global Production of Commercial Aircraft (In Units) for the Years 2018, 2020, 2025, 2028, 2030 and 2034
  • Emerging Demand for Lightweight Materials in Automotive Industry Promises Lucrative Growth Opportunities
  • Global Carbon Fiber Reinforced Plastics (CFRP) Demand (In Tons) in Automotive Industry for the Years 2018, 2021 & 2024
  • Rising Adoption of Electric Vehicles to Expand Application of Thermoplastic Composites
  • Global Electric Vehicles Sales (In Million) for the Years 2020, 2025 & 2030
  • Recyclability of Thermoplastic Composites to Unlock New Revenue Opportunities
  • High Cost of Raw Materials Prohibits Wider Adoption
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown
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