HOME Top Market Reports CFRTP Market by Product Type (Continuous, Long, and Short), Resin Type (Polyetheretherketone, Polyamide, Polycarbonate, and Polyphenylene Sulfide), Application (Aerospace, Automotive, and Consumer Durables), Region - Global Forecast to 2026

CFRTP Market by Product Type (Continuous, Long, and Short), Resin Type (Polyetheretherketone, Polyamide, Polycarbonate, and Polyphenylene Sulfide), Application (Aerospace, Automotive, and Consumer Durables), Region - Global Forecast to 2026

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: CH 4875

 

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


The CFRTP market was valued at USD 680.0 Million in 2015, and is projected to reach USD 1,690.3 Million by 2026, at a CAGR of 8.66% between 2016 and 2026. CFRTP is widely utilized for varied applications such as aerospace, automotive, and consumer durables, owing to its superior properties, low maintenance, and long product life.

In this study, the years considered to estimate the market size of CFRTP are:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Years – 2021 & 2026
  • Forecast Period – 2016 to 2026

2015 has been considered as the base year for company profiles. In cases, where information was unavailable for the base year, the years prior to it have been considered.

Objectives of the Study

  • To define, describe, and forecast the CFRTP market size, in terms of value and volume
  • To identify and segment the CFRTP market on the basis of resin type, product type, application, and region
  • To analyze significant region-specific market trends in North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa (MEA), and country-specific trends in the U.S., Canada, Germany, France, the U.K., China, and South Korea
  • To provide detailed information regarding major factors influencing the growth of the CFRTP market (drivers, restraints, opportunities, industry-specific challenges, and burning issues)
  • To strategically profile and analyze key market players and their core competencies
  • To analyze recent market developments such as agreements, mergers & acquisitions, new product launches, and expansions in the CFRTP market

Various secondary sources such as company websites, encyclopedias, directories, and databases such as Composite World, Factiva, and American Composites Manufacturers Association have been referred to gain insights on the CFRTP market. Experts from top CFRTP companies have been interviewed to verify and collect critical information and to assess the trends in the CFRTP market during the forecast period. The top-down, bottom-up, and data triangulation approaches have been implemented to calculate the exact values of the overall parent and individual market sizes.

CFRTP Market

To know about the assumptions considered for the study, download the pdf brochure

The CFRTP market has a diversified ecosystem, including downstream stakeholders such as manufacturers, vendors, end users, and government organizations. Some of the major raw material suppliers are Arkema (France), Mitsubishi Plastics, Inc. (Japan), Formosa Plastics Corporation (Taiwan), SGL Group (Germany), SABIC (Saudi Arabia), Toray Carbon Fibers America, Inc. (U.S.), and Huntsman Corporation (U.S.), among others.

The CFRTP value chain includes resin manufacturers such as Arkema (France), Mitsubishi Plastics, Inc. (Japan), and Huntsman Corporation (U.S.); and carbon fiber manufacturers that include SGL Group (Germany) and Toray Carbon Fibers America, Inc. (U.S.).

This study focuses on the top investment pockets, which would help stakeholders understand and analyze the emerging trends in the CFRTP market. These stakeholders include:

  • Solvay S.A. (Belgium)
  • Royal TenCate 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.)
  • Aerosud (South Africa)

Scope of the Report:

This research report categorizes the CFRTP market on the basis of resin type, product type, application, and region. It forecasts revenue growth and analyzes trends in each of these submarkets till 2026.

On the Basis of Resin Type

  • Polyetheretherketone (PEEK)
  • Polyamide (PA)
  • Polycarbonate (PC)
  • Polyphenylene Sulfide (PPS)

On the Basis of Product Type

  • Continuous Carbon Fiber
  • Long Carbon Fiber
  • Short Carbon Fiber

On the Basis of Application 

  • Aerospace
  • Automotive
  • Consumer Durables

On the Basis of Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the North American CFRTP market
  • Further breakdown of the European CFRTP market
  • Further breakdown of the Asia-Pacific CFRTP market
  • Further breakdown of the Middle Eastern & African CFRTP market
  • Further breakdown of the Latin American CFRTP market

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Significant Opportunities in the CFRTP Market
    4.2 CFRTP Market, By Resin Type
    4.3 CFRTP Market, By Application and Region
    4.4 CFRTP Market Share, By Country
    4.5 CFRTP Market, By Product Type
    4.6 CFRTP Market, By Application

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Resin Type
           5.2.2 By Product Type
           5.2.3 By Application
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Impact Analysis of Drivers
           5.3.2 Drivers
                    5.3.2.1 Increasing Demand of Fuel Efficient Vehicles
                    5.3.2.2 Increasing Use of CFRTP in Aerospace Applications
                    5.3.2.3 New Technological Advancements
                    5.3.2.4 Flexibility in Manufacturing Complex Shapes and Designs
           5.3.3 Restraints
                    5.3.3.1 High Raw Material & Production Cost
                    5.3.3.2 Stiff Competition From Thermoset Composites
           5.3.4 Opportunities
                    5.3.4.1 Growth of CFRTP in New Applications
                    5.3.4.2 Changing Focus of Automotive Oems Towards CFRTP
           5.3.5 Challenges
                    5.3.5.1 Need for Low Cost Technologies
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
           5.4.2 Threat of Substitutes
           5.4.3 Bargaining Power of Buyers
           5.4.4 Bargaining Power of Suppliers
           5.4.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends (Page No. - 45)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Per Capita GDP vs Per Capita CFRTP Demand
    6.4 Trends of the Aerospace Industry
    6.5 Trends of Automotive Industry

7 CFRTP Market, By Resin Type (Page No. - 51)
    7.1 Introduction
    7.2 Polyamide (PA)
    7.3 Polyetheretherketone (PEEK)
    7.4 Polyphenylene Sulfide (PPS)
    7.5 Polycarbonate (PC)
    7.6 Others
           7.6.1 Polypropylene (PP)
           7.6.2 Polyetherimide (PEI)
           7.6.3 Polyetherketoneketone (PEKK)

8 CFRTP Market, By Product (Page No. - 62)
    8.1 Introduction
    8.2 Continuous Carbon Fiber
    8.3 Long Carbon Fiber
    8.4 Short Carbon Fiber

9 CFRTP Market, By Application (Page No. - 68)
    9.1 Introduction
    9.2 Aerospace
           9.2.1 Interior Components
                    9.2.1.1 Seats
                    9.2.1.2 Cabin
           9.2.2 Exterior Components
                    9.2.2.1 Fuselage
                    9.2.2.2 Wings
                    9.2.2.3 Tail Boom
    9.3 Automotive
           9.3.1 Exterior Components
                    9.3.1.1 Monocoque (Body in White)
                    9.3.1.2 Hood
                    9.3.1.3 Doors
           9.3.2 Interior Components
                    9.3.2.1 Seats
                    9.3.2.2 Dashboard
           9.3.3 Chassis
                    9.3.3.1 Wheels
                    9.3.3.2 Suspensions
           9.3.4 Powertrain & Under the Hood
    9.4 Consumer Durables
           9.4.1 Laptops
           9.4.2 Digital Cameras
           9.4.3 Mobile Handsets
    9.5 Others
           9.5.1 Transportation
           9.5.2 Wind Energy
           9.5.3 Sporting Goods
           9.5.4 Medical Equipments

10 Regional Analysis (Page No. - 81)
     10.1 Introduction
     10.2 North America
             10.2.1 CFRTP Market Size in North America, By Resin Type
             10.2.2 CFRTP Market Size in North America, By Application
             10.2.3 CFRTP Market Size in North America, By Country
             10.2.4 U.S.
             10.2.5 Canada
     10.3 Europe
             10.3.1 CFRTP Market Size in Europe, By Resin Type
             10.3.2 CFRTP Market Size in Europe, By Application
             10.3.3 CFRTP Market Size in Europe, By Country
             10.3.4 Germany
             10.3.5 U.K.
             10.3.6 France
             10.3.7 Italy
             10.3.8 Austria
             10.3.9 Sweden
     10.4 Asia-Pacific
             10.4.1 CFRTP Market Size in Asia-Pacific, By Resin Type
                        10.4.1.1 CFRTP Market Size in Asia-Pacific, By Application
                        10.4.1.2 CFRTP Market Size in Asia-Pacific, By Country
                        10.4.1.3 China
                        10.4.1.4 Japan
                        10.4.1.5 Malaysia
                        10.4.1.6 Taiwan
                        10.4.1.7 South Korea
     10.5 Middle East & Africa
             10.5.1 CFRTP Market Size in Middle East & Africa, By Resin Type
                        10.5.1.1 CFRTP Market Size in Middle East & Africa, By Application
                        10.5.1.2 CFRTP Market Size in Middle East & Africa, By Country
                        10.5.1.3 Israel
                        10.5.1.4 UAE
                        10.5.1.5 Saudi Arabia
                        10.5.1.6 South Africa
     10.6 Latin America
             10.6.1 CFRTP Market Size in Latin America, By Resin Type
                        10.6.1.1 CFRTP Market Size in Latin America, By Application
                        10.6.1.2 CFRTP Market Size in Latin America, By Country
                        10.6.1.3 Brazil
                        10.6.1.4 Mexico

11 Competitive Landscape (Page No. - 105)
     11.1 Overview
     11.2 Competitive Situation and Trends
     11.3 Market Share Analysis
             11.3.1 Solvay Group
             11.3.2 Royal Ten Cate N.V.
             11.3.3 Teijin Ltd.
     11.4 Recent Developments
             11.4.1 Agreements
             11.4.2 Expansions
             11.4.3 New Product Launches
             11.4.4 Acquisitions

12 Company Profiles (Page No. - 114)
     12.1 Solvay S.A.
             12.1.1 Business Overview
             12.1.2 Products Offered
             12.1.3 Recent Developments
             12.1.4 SWOT Analysis
             12.1.5 MnM View
     12.2 Royal Ten Cate N.V.
             12.2.1 Business Overview
             12.2.2 Royal Ten Cate N.V.: Company Snapshot
             12.2.3 Products Offered
             12.2.4 Recent Developments
             12.2.5 SWOT Analysis
             12.2.6 MnM View
     12.3 Teijin Limited
             12.3.1 Business Overview
             12.3.2 Products Offered
             12.3.3 Recent Developments
             12.3.4 SWOT Analysis
             12.3.5 MnM View
     12.4 Toray Industries, Inc.
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 Recent Developments
             12.4.4 SWOT Analysis
             12.4.5 MnM View
     12.5 SGL Group
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Developments
             12.5.4 SWOT Analysis
             12.5.5 MnM View
     12.6 Celanese Corporation
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 Recent Developments
             12.6.4 SWOT Analysis
             12.6.5 MnM View
     12.7 Covestro AG
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Recent Developments
             12.7.4 MnM View
     12.8 Polyone Corporation
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Recent Developments
             12.8.4 MnM View
     12.9 Plasticomp, Inc.
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Developments
     12.10 Aerosud
             12.10.1 Business Overview
             12.10.2 Products Offered

13 Appendix (Page No. - 139)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (75 Tables)

Table 1 CFRTP Market Size, 2014–2026
Table 2 CFRTP Market, By Resin Type
Table 3 CFRTP Market, By Product Type
Table 4 CFRTP Market, By Application
Table 5 CFRTP Market, By Region
Table 6 Trends and Forecast of GDP, 2015–2021 (USD Billion)
Table 7 Per Capita GDP vs Per Capita CFRTP Demand, 2015
Table 8 Number of New Airplane Deliveries, By Region
Table 9 Automotive Production, Million Units (2011–2015)
Table 10 CFRTP Market Size, By Resin Type, 2014–2026 (USD Million)
Table 11 CFRTP Market Size, By Resin Type, 2014–2026 (Ton)
Table 12 PA Based CFRTP Market Size, By Region, 2014–2026 (USD Million)
Table 13 PA Based CFRTP Market Size, By Region, 2014–2026 (Ton)
Table 14 PEEK Based CFRTP Market Size, By Region, 2014–2026 (USD Million)
Table 15 PEEK Based CFRTP Market Size, By Region, 2014–2026 (Ton)
Table 16 PPS Based CFRTP Market Size, By Region, 2014–2026 (USD Million)
Table 17 PPS Based CFRTP Market Size, By Region, 2014–2026 (Ton)
Table 18 PC Based CFRTP Market Size, By Region, 2014–2026 (USD Million)
Table 19 PC Based CFRTP Market Size, By Region, 2014–2026 (Ton)
Table 20 Other Resin-Based CFRTP Market Size, By Region, 2014–2026 (USD Million)
Table 21 Other Resin-Based CFRTP Market Size, By Region, 2014–2026 (Ton)
Table 22 CFRTP Market Size, By Product, 2014–2026 (USD Million)
Table 23 CFRTP Market Size, By Product, 2014-2026 (Ton)
Table 24 Continuous Fiber Based CFRTP Market Size, By Region, 2014–2026 (USD Million)
Table 25 Continuous Fiber Based CFRTP Market Size, By Region, 2014–2026 (Ton)
Table 26 Long Fiber CFRTP Market Size, By Region, 2014–2026 (USD Million)
Table 27 Long Fiber CFRTP Market Size, By Region, 2014–2026 (Ton)
Table 28 Short Fiber CFRTP Market Size, By Region, 2014–2026 (USD Million)
Table 29 Short Fiber CFRTP Market Size, By Region, 2014–2026 (Ton)
Table 30 CFRTP Market Size, By Application, 2014–2026 (USD Million)
Table 31 CFRTP Market Size, By Application, 2014–2026 (Ton)
Table 32 CFRTP Market Size in Aerospace Application, By Region, 2014–2026 (USD Million)
Table 33 CFRTP Market Size in Aerospace Application, By Region, 2014–2026 (Tons)
Table 34 CFRTP Market Size in Automotive Application, By Region, 2014–2026 (USD Million)
Table 35 CFRTP Market Size in Automotive Application, By Region, 2014–2026 (Tons)
Table 36 CFRTP Market Size in Consumer Durables Application, By Region, 2014–2026 (USD Million)
Table 37 CFRTP Market Size in Consumer Durables Application, By Region, 2014–2026 (Tons)
Table 38 CFRTP Market Size in Other Application, By Region, 2014–2026 (USD Million)
Table 39 CFRTP Market Size in Other Application, By Region, 2014–2026 (Tons)
Table 40 CFRTP Market Size, By Region, 2014–2026 (USD Million)
Table 41 CFRTP Market Size, By Region, 2014–2026 (Ton)
Table 42 North America: CFRTP Market Size, By Resin Type, 2014–2026 (USD Million)
Table 43 North America: CFRTP Market Size, By Resin Type, 2014–2026 (Ton)
Table 44 North America: CFRTP Market Size, By Application, 2014–2026 (USD Million)
Table 45 North America: CFRTP Market Size, By Application, 2014–2026 (Ton)
Table 46 North America: CFRTP Market Size, By Country, 2014–2026 (USD Million)
Table 47 North America: CFRTP Market Size, By Country, 2014–2026 (Ton)
Table 48 Europe: CFRTP Market Size, By Resin Type, 2014–2026 (USD Million)
Table 49 Europe: CFRTP Market Size, By Resin Type, 2014–2026 (Ton)
Table 50 Europe: CFRTP Market Size, By Application, 2014–2026 (USD Million)
Table 51 Europe: CFRTP Market Size, By Application, 2014–2026 (Ton)
Table 52 Europe: CFRTP Market Size, By Country, 2014–2026 (USD Million)
Table 53 Europe: CFRTP Market Size, By Country, 2014–2026 (Ton)
Table 54 Asia-Pacific: CFRTP Market Size, By Resin Type, 2014–2026 (USD Million)
Table 55 Asia-Pacific: CFRTP Market Size, By Resin Type, 2014–2026 (Ton)
Table 56 Asia-Pacific: CFRTP Market Size, By Application, 2014–2026 (USD Million)
Table 57 Asia-Pacific: CFRTP Market Size, By Application, 2014–2026 (Ton)
Table 58 Asia-Pacific: CFRTP Market Size, By Country, 2014–2026 (USD Million)
Table 59 Asia-Pacific: CFRTP Market Size, By Country, 2014–2026 (Ton)
Table 60 Middle East & Africa: CFRTP Market Size, By Resin Type, 2014–2026 (USD Million)
Table 61 Middle East & Africa: CFRTP Market Size, By Resin Type, 2014–2026 (Ton)
Table 62 Middle East & Africa: CFRTP Market Size, By Application, 2014–2026 (USD Million)
Table 63 Middle East & Africa: CFRTP Market Size, By Application, 2014–2026 (Ton)
Table 64 Middle East & Africa: CFRTP Market Size, By Country, 2014–2026 (USD Million)
Table 65 Middle East & Africa: CFRTP Market Size, By Country, 2014–2026 (Ton)
Table 66 Latin America: CFRTP Market Size, By Resin Type, 2014–2026 (USD Million)
Table 67 Latin America: CFRTP Market Size, By Resin Type, 2014–2026 (Ton)
Table 68 Latin America: CFRTP Market Size, By Application, 2014–2026 (USD Million)
Table 69 Latin America: CFRTP Market Size, By Application, 2014–2026 (Ton)
Table 70 Latin America: CFRTP Market Size, By Country, 2014–2026 (USD Million)
Table 71 Latin America: CFRTP Market Size, By Country, 2014–2026 (Ton)
Table 72 Agreements, 2011–2016
Table 73 Expansions, 2011–2016
Table 74 New Product Launches, 2011–2016
Table 75 Acquisition, 2011–2016


List of Figures (53 Figures)

Figure 1 CFRTP : Market Segmentation
Figure 2 Years Considered for the Study
Figure 3 CFRTP Market: Research Design
Figure 4 CFRTP Market : Data Triangulation
Figure 5 Polyetheretherketone Resin is Expected to Drive the CFRTP Market 2016 vs 2026
Figure 6 Continuous Fiber is Projected to Register the Highest CAGR in the CFRTP Market 2016 vs 2026
Figure 7 Aerospace Application to Dominate the CFRTP Market, 2016 vs 2026
Figure 8 North America Dominated the CFRTP Market in 2015,By Value
Figure 9 Attractive Market Opportunities in the CFRTP Market, Between 2016 and 2021
Figure 10 PEEK Based CFRTP to Be the Fastest Growing Resin Type
Figure 11 North America Dominated the CFRTP Market in 2015
Figure 12 China is the Fastest Growing Country in the Global CFRTP Market
Figure 13 Continuous Fiber to Register the Highest CAGR in the CFRTP Market, 2016 vs 2021
Figure 14 Aerospace Application Accounts for the Largest Share in CFRTP Market
Figure 15 Drivers, Restraints, Opportunities, and Challenges of the CFRTP Market
Figure 16 Porter’s Five Forces Analysis of the CFRTP Market
Figure 17 Relative GDP Growth Scenario of Key Economies
Figure 18 Per Capita GDP vs Per Capita CFRTP Demand
Figure 19 New Airplane Deliveries, By Region, 2015–2034
Figure 20 Automotive Production in Key Coutries, Million Units (2011 vs 2015)
Figure 21 PEEK Based CFRTP is Expected to Dominate the CFRTP Market
Figure 22 Asia-Pacific is Estimated to Drive the PA Based CFRTP Market
Figure 23 North America Accounted for the Largest Share in the PEEK Based CFRTP Market
Figure 24 North America is Estimated to Drive the PPS Based CFRTP Market
Figure 25 Continuous Carbon Fiber Will Dominate the CFRTP Market
Figure 26 North America is Largest Market of Continuous Fiber Based CFRTP Market
Figure 27 Aerospace Application to Dominate the CFRTP Market
Figure 28 North America Leads the CFRTP Market in Aerospace Application
Figure 29 North America to Register Highest Growth of CFRTP Market in Automtoive Application
Figure 30 The CFRTP Market in Asia-Pacific to Register the Highest Growth Rate in Consumer Durables Application
Figure 31 U.S. and France are Leading the CFRTP Market During the Forecast Period
Figure 32 North America CFRTP Market Snapshot: U.S. is the Most Lucrative Market
Figure 33 Europe CFRTP Market Snapshot: France is the Most Lucrative Market
Figure 34 Asia-Pacific CFRTP Market Snapshot: Japan is the Largest CFRTP Market
Figure 35 Middle East & Africa CFRTP Market Snapshot: Israel is the Most Lucrative Market
Figure 36 Latin America CFRTP Market Snapshot: Brazil is the Most Lucrative Market
Figure 37 Agreements are the Most Preferred Growth Strategy Adopted By Major Players
Figure 38 Market Development Matrix: Maximum Number of Developments Were Witnessed in 2016
Figure 39 Growth Strategies Adopted By Market Players in the CFRTP Market
Figure 40 Solvay S.A the Largest Company in the CFRTP Market
Figure 41 Solvay S.A.: Company Snapshot
Figure 42 Solvay S.A.: SWOT Analysis
Figure 43 Royal Ten Cate N.V.: SWOT Analysis
Figure 44 Teijin Limited: Company Snapshot
Figure 45 Teijin Ltd.: SWOT Analysis
Figure 46 Toray Industries, Inc.: Company Snapshot
Figure 47 Toray Industries Inc.: SWOT Analysis
Figure 48 SGL Group: Company Snapshot
Figure 49 SGL Group: SWOT Analysis
Figure 50 Celanese Corporation: Company Snapshot
Figure 51 Celanese Corporation: SWOT Analysis
Figure 52 Covestro AG: Company Snapshot
Figure 53 Polyone Corporation: Company Snapshot

The CFRTP market is projected to reach USD 1,690.3 Million by 2026, at a CAGR of 8.66% between 2016 and 2026. Increasingly applicability of CFRTP in aerospace, automotive, and consumer durables industries, low maintenance requirement, and rapid urbanization as well as economic growth in emerging countries are key factors driving the growth of the CFRTP market.

The CFRTP market has been segmented into resin type, product type, application, and region. On the basis of resin type, the CFRTP market has been classified into polyetheretherketone (PEEK), polyamide (PA), polyphenylene sulfide (PPS), and polycarbonate (PC). Among all resin types, the PEEK segment is expected to grow at the highest CAGR during the forecast period, as PEEK resin-based CFRTP offers various properties, including high operational stability at high temperatures and pressure, and high resistance to impact as compared to other resins.

On the basis of product type, the CFRTP market has been categorized into continuous carbon fiber, long carbon fiber, and short carbon fiber. The continuous carbon fiber segment accounted for the largest share of the CFRTP market, in 2015, in terms of value and volume, owing to its high strength in comparison to short and long carbon fibers.

Major applications of the CFRTP market include aerospace, automotive, and consumer durables. The aerospace application segment accounted for the largest share of the CFRTP market in 2015, in terms of value and volume. CFRTP encompasses various properties including lightweight, easy to construct, dimensional stability, and resistance against chemicals, as well as operational stability at high temperatures in comparison to other conventional materials, such as thermoset composites and metallic alloys. This has contributed to the growing usage of CFRTP in aerospace industries.

North America is expected to be the fastest-growing market for CFRTP during the next five years. One of the most significant factors contributing to the growth of CFRTP market in North America is the increasing demand for CFRTP from the aerospace and automotive industries. Aerospace industries such as Airbus S.A. (France) and Boeing (U.S.) utilize CFRTP for producing combat and cargo transport aircraft, owing to its superior properties in comparison to other composite materials. This has contributed to the growth of the CFRTP market in the North American region.

CFRTP Market

However, factors such as high raw material and production costs and stiff competition from thermoset composites are acting as restraints to the growth of the CFRTP market.

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 are leading players in the CFRTP market. These companies have adopted various organic and inorganic growth strategies such as agreements, new product launches, acquisitions, and expansions to enhance their presence in the CFRTP market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Fibers and Composites Markets on KnowledgeStore
Request Demo