We are monitoring the impact of COVID-19 on Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market Get in touch with us for detailed analysis Know More
Pulished Date February, 2020
ID: 8387
Share on
Share on

Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market by Product Type (continuous, long, and short), Raw Material (Polyacrylonitrile (PAN) and Petroleum Pitch), Application (aerospace, automotive, and consumer durables), region – global forecast to 2025

Pulished: February, 2020
ID: 8387
Pages: 170

Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market Overview

The global CFRTP industry was worth USD 688.83 million in 2020 and is predicted to reach USD 1,686.73 million by 2025, at a CAGR of 9.94% between 2020 and 2025.  

Carbon-reinforced thermoplastics are predicted to become popular over thermosetting resin due to their improved properties. Traditional thermosetting resins harden after reheating and take a long time to mold into the desired shape and structure. Therefore, it is not considered a suitable material for large-scale productions, like automobiles. With advantages like high strength/weight ratio, excellent load capacity, low coefficient of heat expansion and deformation and cracking resistance, along with multifunctional abilities, carbon fiber reinforced thermoplastic compounds (CFRTP) are employed in many industries like automotive, aerospace, wind turbines, sports equipment, and others. The major components employed in the making of carbon fiber reinforced thermoplastic composites are petroleum pitch and polyacrylonitrile. Polyacrylonitrile (PAN), due to its excellent properties, is employed more than petroleum pitch as a raw material. Having several benefits like high strength-to-weight ratio, high load-carrying ability, low coefficient of thermal expansion and resistant to deformation and crack, along with multifunctional capabilities the carbon fiber reinforced thermoplastic (CFRTP) composites are employed in several end-use businesses like automotive, aerospace, wind turbines, sports equipment and others. 

Market Trends:

The carbon fiber reinforced thermoplastic compound is popular in the automotive and aerospace industry due to its special properties like reduced weight, improved resistance to fire, smoke and toxicity (FST) and high resistance to chemical products. The escalating requirements for lightweight materials from other end-use industries, like wind turbines, construction and offshore, are also predicted to drive the product industry. The fuel efficiency of any vehicle largely depends on its curb weight. Aircraft manufacturers have also focused on reducing the total weight of the aircraft to increase product efficiency. The use of thermoplastic carbon compounds helps to significantly reduce overall weight. The growing call for CFRTP as an alternative to metals like steel and aluminium is predicted to fuel expansion in other applications.

Recent Developments and Trends

Teijin’s Sereebo carbon fiber reinforced thermoplastic is chosen by General Motors (G.M.) for its employment in preferred pickup box applications, the world’s first employment of CFRTP for structural parts in a high-volume production vehicle.

Toray Industries Inc. has acquired TenCate Advanced Composites Holding B.V. that is a subsidiary of Koninklijke Ten Cate B.V., which was involved in the production of specialized thermoplastic and thermoset prepreg.

Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market Drivers

The rise in customer awareness towards pollution fee and efficient vehicles further fosters the call for the light-weight vehicles that in turn escalates the call for the carbon fiber reinforced thermoplastic (CFRTP) composites in the industry. As the fuel efficiency depends on the weight; hence there is rise in needs for light-weight materials from businesses like marines and wind-turbines are also predicted to drive the call.  Carbon Fiber Reinforced Thermoplastic Compounds are also a better alternative to metals like steel and aluminium, due to their flexibility, corrosion resistance, durability, and more. In addition, the call for lightweight automotive materials to reduce fuel consumption makes the worldwide industry for carbon fiber reinforced thermoplastic compounds. The main factors influencing the industry call for carbon fiber reinforced thermoplastic compounds are its properties like weldability and high recyclability, which makes it suitable in manufacturing various application products for use. CFRTP applications are predicted to increase due to its properties like lightness, toughness and high strength. Industries like automotive, aerospace, and machinery and equipment are focused on reducing the weight of vehicles and machinery; which also increases the performance and efficiency of the vehicle, which is likely to drive the worldwide industry for carbon fiber reinforced thermoplastic compounds.

Restraints:

On the flip side, high raw materials and production costs can hamper the industry to a degree. Nevertheless, producers are confident of beating this test by presenting some innovative headways in the coming years.

Opportunities:

Escalated consumer awareness of pollution loads and efficient vehicles further stimulates the call for light vehicles, escalating the industry call for carbon fiber reinforced thermoplastic compounds (CFRTP). As energy efficiency depends on weight, there is an escalated need for lightweight materials from industries like wind and offshore turbines that are also predicted to drive call. Efforts by companies to reduce production costs are likely to create new opportunities for them in the coming years.

Challenges:

The lack of availability and volatility of raw materials are likely to slow expansion in the studied industry.

Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Market Segmentation:

By application:

  • Aerospace
  • Automotive
  • Marine
  • Wind turbine

On the basis of application, automotive and aerospace sectors are probable to experience the quickest development.

By raw material:

  • Polyacrylonitrile
  • Petroleum pitch

On the basis of raw material, polyacrylonitrile is predicted to rise at a highest CAGR in the foreseen period.

Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Regional Analysis:
The Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Report includes the segmentation of Regions with their respective Countries.
North America Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Industry includes U.S, Canada.
Europe Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
Asia Pacific Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
Latin America Carbon Fiber Reinforced Thermoplast ic Composites (CFRTP) Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.
Middle East & Africa Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

North America is relied upon to observe robust development for CFRTP inferable from the grouping of key aircraft makers, for instance, Boeing and others. In North America, the endeavors of the United States government to create domestic and the subordinate ancillary production of automotive, rather than bringing in from various countries, is relied upon to build the creation of vehicles and its parts in the country, further growing the interest for CFRTP composites in the coming years.

Europe is predicted to be the fastest growing industry, generating sales of more than $ 3.2 million by 2025. The presence of strict laws and regulations regarding vehicle emissions and dedicated efforts European car manufacturers in this regard should also promote this regional expansion.
Competitive Landscape:

Agreements, associations, supply contracts, alliances, joint ventures and collaborations are the main strategies adopted by the main players to achieve the expansion of the CFRTP market in the automotive sector. The market is defined by the presence of a few players, the main ones have a high level of integration of the value chain. The companies consolidated their operations to produce the raw materials and also to manufacture the product, thus reducing the overall price of the product.
Key Players:

Major players operating in the Carbon Fiber Reinforced Thermoplastic composites CFRTP market are Solvay S.A. (Belgium), Royal Ten Cate 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.), and Aerosud (South Africa), among others.

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product Type                             

                                5.1.1 Introduction           

                                5.1.2 Continuous             

                                5.1.3 Long           

                                5.1.4 Short         

                                5.1.5 Y-o-Y Growth Analysis, By Product Type    

                                5.1.6 Market Attractiveness Analysis, By Product Type  

                                5.1.7 Market Share Analysis, By Product Type    

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Aerospace               

                                5.2.3 Automotive            

                                5.2.4 Consumer Durables            

                                5.2.5 Y-o-Y Growth Analysis, By Application         

                                5.2.6 Market Attractiveness Analysis, By Application       

                                5.2.7 Market Share Analysis, By Application        

                5.3 Resin Type                  

                                5.3.1 Introduction           

                                5.3.2 Polyetheretherketone      

                                5.3.3 Polyamide               

                                5.3.4 Polycarbonate       

                                5.3.5 Polyphenylene Sulfide       

                                5.3.6 Y-o-Y Growth Analysis, By Resin Type         

                                5.3.7 Market Attractiveness Analysis, By Resin Type       

                                5.3.8 Market Share Analysis, By Resin Type         

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product Type

                                                6.1.3.3 By Application

                                                6.1.3.4 By Resin Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product Type

                                                6.1.4.3 By Application

                                                6.1.4.4 By Resin Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product Type

                                                6.1.5.3 By Application

                                                6.1.5.4 By Resin Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Solvay S.A.                  

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 BASF SE                        

                8.3 Royal Ten Cate N.V.                                

                8.4 DowDuPont                               

                8.5 Teijin Limited                             

                8.6 SGL Group                  

                8.7 Toray Industries                       

                8.8 Celanese Corporation                            

                8.9 PolyOne Corporation                             

                8.10 Covestro AG                            

                8.11 Aerosud                    

                8.12 Ineos Oxide                             

                8.13 PlastiComp, Inc.                     

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by product,by resin,by application,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global CFRTP  Market By Region, From 2020-2025 ( USD Million )
  2. Global CFRTP  Market By Product Type , From 2020-2025 ( USD Million )
  3. Global Continuous Market By Region, From 2020-2025 ( USD Million )
  4. Global Long Market By Region, From 2020-2025 ( USD Million )
  5. Global Short Market By Region, From 2020-2025 ( USD Million )
  6. Global  Market By Region, From 2020-2025 ( USD Million )
  7. Global  Market By Region, From 2020-2025 ( USD Million )
  8. Global  Market By Region, From 2020-2025 ( USD Million )
  9. Global  Market By Region, From 2020-2025 ( USD Million )
  10. Global  Market By Region, From 2020-2025 ( USD Million )
  11. Global CFRTP  Market By Application , From 2020-2025 ( USD Million )
  12. Global Aerospace Market By Region, From 2020-2025 ( USD Million )
  13. Global Automotive Market By Region, From 2020-2025 ( USD Million )
  14. Global Consumer Durables Market By Region, From 2020-2025 ( USD Million )
  15. Global  Market By Region, From 2020-2025 ( USD Million )
  16. Global  Market By Region, From 2020-2025 ( USD Million )
  17. Global  Market By Region, From 2020-2025 ( USD Million )
  18. Global  Market By Region, From 2020-2025 ( USD Million )
  19. Global CFRTP  Market By Resin Type , From 2020-2025 ( USD Million )
  20. Global Polyetheretherketone Market By Region, From 2020-2025 ( USD Million )
  21. Global Polyamide Market By Region, From 2020-2025 ( USD Million )
  22. Global Polycarbonate Market By Region, From 2020-2025 ( USD Million )
  23. Global Polyphenylene Sulfide Market By Region, From 2020-2025 ( USD Million )
  24. Global  Market By Region, From 2020-2025 ( USD Million )
  25. Global  Market By Region, From 2020-2025 ( USD Million )
  26. Global CFRTP  Market By , From 2020-2025 ( USD Million )
  27. Global  Market By Region, From 2020-2025 ( USD Million )
  28. Global  Market By Region, From 2020-2025 ( USD Million )
  29. Global  Market By Region, From 2020-2025 ( USD Million )
  30. Global  Market By Region, From 2020-2025 ( USD Million )
  31. Global  Market By Region, From 2020-2025 ( USD Million )
  32. Global  Market By Region, From 2020-2025 ( USD Million )
  33. Global  Market By Region, From 2020-2025 ( USD Million )
  34. Global  Market By Region, From 2020-2025 ( USD Million )
  35. Global CFRTP  Market By , From 2020-2025 ( USD Million )
  36. Global  Market By Region, From 2020-2025 ( USD Million )
  37. Global  Market By Region, From 2020-2025 ( USD Million )
  38. Global  Market By Region, From 2020-2025 ( USD Million )
  39. Global  Market By Region, From 2020-2025 ( USD Million )
  40. Global CFRTP  Market By , From 2020-2025 ( USD Million )
  41. Global  Market By Region, From 2020-2025 ( USD Million )
  42. Global  Market By Region, From 2020-2025 ( USD Million )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample