"Innovative Market Solutions to Help Businesses Make Informed Decisions"
The thermoplastic polymer reinforced with carbon fiber is an incredibly strong and lightweight one. They may be costly to manufacture, but are widely used wherever high thermal mass and rigidity (rigidity) are needed. CFRTP, is a composites comprising high-performance fibre, such as carbon fiber, that is castrated in a matrix material such as polycarbonate. CFRTP can be generated in both tape and sheet formats which can be developed later with thermoforming techniques.
Expanded use of CFRTP in the aerospace sectors, due to the multiple properties such as lightweight, simple to build, structural accuracy and resistance to chemical attack, as well as functional thermal stability compared to other traditional materials, such as composite thermosets and metals and alloys has led to driving the market growth of CFRTP. However, problems such as rising cost of raw materials and development, and fierce competition from composite materials, serve as constraints on the growth of the CFRTP industry.
Key Market Driver -
Increased application in aerospace industries drives the market.
Key Market Restraint -
High prices and high competition restrict the market growth
Based on resin type, the market for global CFRTP is further segmented into polyetheretherketone, polyamide, polycarbonate, and polyphenylene sulfide. Based on product type, the market for global CFRTP is further segmented into continuous carbon fiber, long carbon fiber, and short carbon fiber. Based on application, the market for global CFRTP is further segmented into aerospace, automotives, and consumer durables. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global CFRTP market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the global CFRTP market include Solvay S.A, Royal Ten Cate N.V, Teijin Limited, Toray Industries, Inc., SGL Group, Celanese Corporation, Covestro AG, PolyOne Corporation, PlastiComp, Inc., and Aerosud and others.
In terms of Geography, the global CFRTP market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific region dominates the global CFRTP market. North America has the most important market share. The growing demand for CFRTP from the aerospace sector is one of the most important factors propelling the growth of CFRTP market in North America. Due to its superior properties compared to other composites, U.S. aerospace manufacturers use CFRTP to manufacture military aircraft and cargo planes. This has contributed to the growth of the CFRTP market in the North American region. Asia Pacific has a large market share especially with the advent of many domestic companies in combination with rapid population growth, greater investment in the automotive sector additionally people's purchasing power have led to demand growth in these regions. Europe has a market share which is competitive. Attributed to the increasing demand of the product in the automotive sector, the European market has expanded considerably. Owing to the need for lighter produced in different businesses, such as the building, marine and turbine industrial sectors, would strengthen the use of the commodity. The advantages of devices in specific end user industries is pushing the market growth in the Middle East and African regions. Prolonged life cycle and relatively inexpensive resources will drive the growth of GCC countries in the CFRTP industry.
To gain extensive insights into the market, Request for Customization
By Resin type
By Product type
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry