Dublin, March 30, 2023 (GLOBE NEWSWIRE) -- The "Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) estimated at US$948.9 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030.
Continuous Carbon Fiber, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$741.8 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Long Carbon Fiber segment is readjusted to a revised 6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $258.5 Million, While China is Forecast to Grow at 10% CAGR
The Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) market in the U.S. is estimated at US$258.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$340.9 Million by the year 2030 trailing a CAGR of 10% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$207.2 Million by the year 2030.
Select Competitors (Total 46 Featured) -
- Aerosud
- Celanese Corporation
- Covestro AG
- PlastiComp, Inc.
- PolyOne Corporation
- Royal Ten Cate NV
- SGL Group
- Solvay SA
- Teijin Ltd.
- Toray Industries, Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 246 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $948.9 Million |
| Forecasted Market Value (USD) by 2030 | $1500 Million |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Surging Demand for Advanced Thermoplastic Composite Materials from Different End-User Industries Drives Market Growth
- Superior Performance Benefits over Traditional Materials Promotes Growth Prospects
- Sharper Focus on Weight and Fuel Cost Reduction in Aerospace Industry Augurs Well for Market Expansion
- Positive Growth in Air Passenger Traffic and Ensuing Demand for Aircrafts to Benefit Market Prospects: Global Air Passenger Traffic (In Billion) for the Years 2020, 2025 & 2030
- Global Production of Commercial Aircraft (In Units) for the Years 2018, 2020, 2025, 2028, 2030 and 2034
- Emerging Demand for Lightweight Materials in Automotive Industry Promises Lucrative Growth Opportunities
- Global Carbon Fiber Reinforced Plastics (CFRP) Demand (In Tons) in Automotive Industry for the Years 2018, 2021 & 2024
- Rising Adoption of Electric Vehicles to Expand Application of Thermoplastic Composites
- Global Electric Vehicles Sales (In Million) for the Years 2020, 2025 & 2030
- Recyclability of Thermoplastic Composites to Unlock New Revenue Opportunities
- High Cost of Raw Materials Prohibits Wider Adoption
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/d41zo1
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