San Francisco, California, July 26, 2018 – The global continuous fiber-reinforced thermoplastic (CFRTP) market is anticipated to gain impetus with growing application in prime end-use industries such as automotive and aerospace. Favorable properties of CFRTP such as low weight, improved fire, low smoke and toxicity, and increased strength are expected to increase demand in these industries. A report by TMR Research provides comprehensive analysis of the market based on trends and opportunities, competitive landscape, and other critical aspects. It bears the title “CFRTP Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” Surge in demand for lightweight materials could be another factor augmenting the demand in the market.
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CFRTP is used to make automobiles lighter in weight. Since fuel efficiency depends on the curb weight of the vehicle, CFRTP could find high demand in the automobile industry. CFRTP could increase application in this industry as manufacturers focus on increasing the efficiency of aircrafts and lowering their weight. The future of the global CFRTP market could be quite rewarding, considering the rise of significant technological developments. CFRTP offers great flexibility in the production of complication shapes and designs in the aerospace industry. Other properties such as dimensional stability, chemical resistance, and lightweight are expected to attract more number of end users.
Continuous carbon fiber is predicted to gain massive demand in the global CFRTP market. Its market could gain momentum in growth with rising application in consumer durables and other industries. In comparison with long and short carbon fibers, it is researched to have higher strength, which could help gain more demand in the market. Among key regions of the market, North America is projected to rank higher in terms of share. It could bank on the availability of advanced industrial infrastructure to collect a larger share of the market.
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Some of the leading players of the global CFRTP market are Royal TenCate N.V., SGL Group, and Aerosud.