Blended Fibres industry analysis research and trends report for 2017-2024

Global CFRTP Market size is expected to soar at high CAGR during the forecast period. Carbon fibre reinforced thermoplastic composite has wide range of applications in various industries including automotive, aerospace and consumer durables owing to its excellent properties such as strong impact strength, smoke & toxicity and lower weight.

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Prominent drivers of CFRTP market is increasing demand of the product in automotive industry. Growing need for lightweight material in various industries including construction, marine and turbine industry will reinforce the product usage in forecast timeframe.

Soaring demand of CFRTP as a substitute for aluminium and steel will fuel its growth. Besides, aviation industry is also concentrating on reducing the inclusive weight of aircraft to boost their efficiency. Carbon fibre reinforced thermoplastic composite helps in reducing the overall weight drastically.

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Reasons to Buy This Report:

1. CFRTP Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key CFRTP Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

The differentiating factor of CFRTP Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focused multiple trends for Waterborne Coatings industry are discussed along with regional trends to offer an overall view of the market.

Use of these materials is not easy to replace with other products only due to its light weight properties. High production cost involved in manufacturing this product may restrain the industry growth over the estimated period. However, government support to military modernization and fuel efficiency in vehicles may boost CFRTP as it helps in reducing the fuel consumption in automobiles.

CFRTP are a widespread range of carbon based materials designed by combining advanced polymer and carbon fibre. It has excellent properties including high fracture & corrosion resistance and high mechanical strength. Additionally, it can be easily remolded, in turn, increasing the demand for this product in several industrial sectors. Primary raw materials used in manufacturing carbon thermoplastics are polyacrylonitrile, petroleum pitch or rayon.

On the basis of resin type CFRTP market is segmented into, polyamide, polyphenylene sulphide, polycarbonate and polyether ether ketone. It can also be divided on the basis of its manufacturing process into, RTM, compression molding, pultrusion, filament winding, injection molding and layup.

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Europe is a decent region in global CFRTP market, followed by America, the region is expected to rise at healthy CAGR between 2017 and 2024. The region is embodied by its fast growing and high-tech construction and automobile industries.

Strict government regulations by European government regarding automotive emissions will increase the demand for such products in this industry, in turn, fostering the CFRTP market. The presence of giant manufacturers in automobile industries which include Audi, Ferrari, BMW, Mercedes and Volkswagen in the region will propel the compound usage.

Asia-Pacific is fastest growing in CFRTP market during the expected timeframe owing to its rapid transformation and urbanization. Various countries in the region including China, Japan and India are witnessing growing automobile industries which will substantially drive the product market.

Some of the prominent manufacturers globally are BASF SE, Mitsubishi plastics, Formosa, SGL, Toray Carbon Fibres, SABIC and Huntsman. Several other leaders operating in the same industry are Solvay, Celanese, PolyOne, Royal Tencate, Hexcel, Teijin and Covestro.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services