CFRTP to Collect High Demand with Need to Improve Fuel Efficiency

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.

Rising Usage of Carbon Fiber Reinforced Thermoplastic in Aerospace

San Francisco, California, May 11, 2017: A recently added report by TMR Research, titled, “CFRTP Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” delves deep into different aspects of the market to understand the current competitive dynamics shaping it and its prospects going forward. It estimates its size using historical and current data and also its possible growth rate in the upcoming years.

The global CFRTP Market , acronym for carbon fiber reinforced thermoplastic, is predicted to progress by gigantic strides on account of the increasing concerns over arresting carbon emissions worldwide. This in turn will bring about a spike in demand for fuel-efficient vehicles, which will stoke growth in the CFRTP market. CFRTP’s application in the aerospace sector on account of its light weight, resistance to chemicals and high temperatures, and operational stability, will also push up its demand.

Impeding the global market for CFRTP, on the other hand, is the steep cost of raw materials and manufacture. To overcome the roadblock, companies are funneling money into development of better manufacturing technologies that will help bring down costs.

Having shed light on the growth drivers and restraints, the report goes on to examine the different types of CFRTPs – continuous carbon fiber, long carbon fiber, and short carbon fiber. Among the three, the continuous carbon fiber segment holds out maximum growth opportunities on account of their wide array of applications in automotive, aerospace, and consumer durables sectors. In the near future too, the segment is expected rake in substantial revenues because of its superior strength in comparison to short and long carbon fibers.

Depending upon the types of resins, the key segments of the global market for CFRTP are polyetheretherketone (PEEK), polyamide (PA), polycarbonate (PC), and polyphenylene sulfide (PPS). The key end use segments or applications of CFRTP are aerospace, consumer durables, and automotive. Among them, the automotive segment is predicted to gain maximum market share in the foreseeable future owing to stringent regulations pertaining to vehicular emissions and rising concerns about fuel efficiency which can be achieved by reducing the overall weight of the vehicle with lightweight materials.

From a geographical standpoint, North America is a key CFRTP market that holds out a strong promise of growth. This is primarily because of a sophisticated industrial infrastructure which has stoked the aerospace, consumer durables, and automotive sectors significantly.

To assess the competition prevailing in the global CFRTP market, the report profiles important players such as Aerosud, SGL Group, PolyOne Corporation, Royal TenCate N.V., Toray Industries, Inc., Solvay S.A. and Covestro AG.