Continuous Fiber-Reinforced Thermoplastic (CFRTP) Composites Market
Continuous Fiber-Reinforced Thermoplastic (CFRTP) Composites Market Analysis by Carbon Fiber, Glass Fiber and Aramid Fiber for Automotive, Aerospace, Electronics, and Sporting Goods from 2023 to 2033
Analysis of Continuous Fiber-Reinforced Thermoplastic (CFRTP) Composites Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Continuous Fiber-Reinforced Thermoplastic Composites Market Outlook (2023 to 2033
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.12 Billion |
| Forecasted Market Value (2033) | US$ 2.38 Billion |
| Global Market Growth Rate (2023 to 2033) | 7.8% CAGR |
| United States Market Value (2033) | US$ 1.12 billion |
| United Kingdom Market Growth Rate (2023 to 2033) | 7.2% CAGR |
| Automotive Industry Segment Value (2033) | 789.3 Million |
| Demand Growth of Glass Fiber Composites (2923 to 2033) | 7.9% CAGR |
| Key Companies Profiled | Lanxess; Celanese; TenCate; Tri-Mack; PolyOne Corporation; Polystrand; US Liner; AXIA Materials; Aonix; Ningbo Huaye Material; Guangzhou Kingfa Carbon Fiber; Zhejiang Double Fish Plastics |
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How is the CFRTP Composites Market Projected to Evolve Globally?
“Increasing Adoption of Environment-friendly Vehicles Fueling Demand for CFRTP Composites”
Fuel efficiency is closely related to the weight of any vehicle. In recent years, there is a significant increase in the demand for lightweight materials in automobile manufacturing, which is predicted to bolster demand for continuous fiber-reinforced thermoplastic composites.
Electrical vehicles (EVs) are gaining traction around the world and are environment-friendly. CFRTP composites contribute significantly to reducing the weight of vehicles and have high strength. Therefore, owing to these features, the demand for continuous fiber-reinforced thermoplastic composites is increasing in the manufacturing of EVs.
The growing market for EVs is predicted to increase consumer awareness about efficient and pollution-free vehicles to further meet the growing demand for lightweight vehicles. These factors are further projected to boost sales of continuous fiber-reinforced thermoplastic composites.
“Growing Use of Continuous Fiber-Reinforced Thermoplastic Composites in Several Industries”
Continuous fiber-reinforced thermoplastic composites are lightweight and durable. They assist in significant weight reduction and stiffness & strength to end products.
They have multiple advantages, including excellent load-carrying ability and a high strength-to-weight ratio. Moreover, resistance to cracks and deformation is also ensured by continuous fiber-reinforced thermoplastic composites. Owing to these above-mentioned merits, CFRTP composites are utilized in various end-use industries, including aerospace, electronics, automotive, and others.
Which Factors are Estimated to Adversely Impact Demand Growth for CFRTP Composites?
“High Cost and Conductivity of CFRTP Composites Restraining Their Adoption”
The manufacturing cost of continuous fiber-reinforced thermoplastic composite materials is comparatively high, which is predicted to adversely impact their demand. Conductivity in continuous fiber-reinforced thermoplastic composites works as a merit as well as a drawback, which is predicted to impact their demand. Glass fibers are insulated whereas carbon fibers are conductive.
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What Opportunities are Available for Start-ups in the Global Market?
“Technological Advancements to Produce More Efficient CFRTP Composites”
New entrants in the continuous fiber-reinforced thermoplastic composites market can invest in technological advancements to produce highly efficient products at economical prices. The newly manufactured CFRTP composites can find application in automobile manufacturing, industrial production, and consumer market.
Country-wise Insights
Which Asia Pacific Markets Project Promising Growth Opportunities?
“Well-developed Automotive Industry in Japan Stimulating Sales of CFRTP Composites”
Consumption of continuous fiber-reinforced thermoplastic composites in Japan is estimated to advance at 5.2% CAGR and reach a value of US$ 78.5 million by the end of 2033.
The automobile industry is a significant pillar of Japan’s economy. Companies, including Nissan, Honda, and Toyota are leaders in the automobile industry there. Therefore, increased demand for engineering thermoplastic, thermoplastic polyurethane, and continuous fiber-reinforced thermoplastic composites is anticipated in automobile manufacturing.
“Increasing Focus on Manufacturing EVs in South Korea”
The South Korean market is projected to expand at a CAGR of 4.7% and reach a market valuation of US$ 68.9 million by the end of 2033.
More people from South Korea are inclined to use electric vehicles due to their fuel efficiency and environment-friendly nature. Therefore, manufacturers of EVs are concentrating on their increased production, which is predicted to stimulate demand for continuous fiber-reinforced thermoplastic composites.
How is the United States Market Anticipated to Evolve Over the Decade?
“Presence of Prominent Automobile Manufacturers Driving Increased Demand for CFRTP Composites”
The presence of key automobile manufacturers, including General Motors, Ford Motor Company, Tesla, and Chrysler in the United States is predicted to contribute to the rising demand for continuous fiber-reinforced thermoplastic composites in the coming decade.
The United States market is forecasted to expand at a high CAGR of 7.8% and reach US$ 1.12 billion by the end of 2033. Increasing disposable income of Americans is also estimated to put a direct impact on the demand for automobiles due to their increased spending capacity on different lifestyle products, which is predicted to impact target market growth.
In recent years, there has been a significant increase in the demand for customized vehicles, which has led to high demand for CFRTP composites to provide desirable performance and specifications. Moreover, increasing construction activities in residential and commercial sectors are also anticipated to stimulate demand for continuous fiber-reinforced thermoplastic composites.
Why is the United Kingdom Exhibiting High Demand for CFRTP Composites?
“Growing Use of Continuous Fiber-Reinforced Thermoplastic Composites in Aerospace Industry”
Demand for continuous fiber-reinforced thermoplastic composites is forecasted to register a CAGR of 7.2% in the United Kingdom and reach US$ 116.5 million by 2033-end.
The United Kingdom’s aerospace industry holds a noteworthy share of the global market revenue. Continuous fiber-reinforced thermoplastic composites are widely used in the aerospace sector owing to their high strength, corrosion resistance, fatigue resistance, and lightweight.
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Category-wise Insights
Why are Glass Fiber Composites Significantly Preferred Around the World?
“Low Cost and Simple Fabrication Methods of Glass Fiber Composites”
Based on product type, the global industry is classified into carbon fiber, glass fiber, and aramid fiber. Among these, glass fiber composites held around 40% of global market revenue in 2022 and are predicted to lead in the forecasted period. Sales of glass fiber composites are anticipated to advance at a CAGR of 7.9% and reach a valuation of US$ 977.1 million by the end of 2033.
Glass fiber composites come with various features, including the ability to process with numerous resins, simple fabrication methods, and low cost. They are widely used in construction, electronics, transportation, and other sectors.
Why is the Automotive Industry a Prominent End User of This Market?
“Rising Demand to Reduce Vehicle Weight Boosting Use of CFRTP Composites”
Automotive, aerospace, electronics, and consumer goods are some key application areas, which are contributing to increased demand for continuous fiber-reinforced thermoplastic composites around the world. Among these, the automotive sector is expected to hold a substantial share of the global market revenue.
Sales of continuous fiber-reinforced thermoplastic composites are predicted to rise at a CAGR of 8.3% in the automotive sector and reach a valuation of US$ 789.3 million by 2033-end.
Stringent government regulations for vehicular emissions along with requirements for growing fuel efficiency are projected to compel manufacturers of automobiles to take some essential steps to reduce the overall weight of vehicles. Continuous fiber-reinforced thermoplastic composites are adopted as a natural fit for the protection of automotive underbody. They are predicted to become popular in the automotive industry owing to their ability to reduce weight.
Continuous fiber-reinforced thermoplastic composites are used extensively in a wide variety of external and internal automotive components to offer distinct weight and structural advantages. Various automakers and OEMs (original equipment manufacturers) are widely using continuous fiber-reinforced thermoplastic composites to cut down carbon emissions and reduce vehicle weight.
Big automobile manufacturers and start-ups are considering the incorporation of carbon fiber composites in electric vehicles and trucks. The increased adoption of continuous fiber-reinforced thermoplastic composites is helping automotive manufacturers fill in various functional hardware, especially gadgets.
Key Market Players
Prominent suppliers of continuous fiber-reinforced thermoplastic composites are concentrating on ensuring the availability of user-friendly and more effective products to respective end users. They aim to target a larger base of reliable consumers.
They are also incorporating certain advanced manufacturing techniques to ensure product standards and product quality. Supply chain management systems are also worked upon by them to deliver products safely and on time.
Key players in the continuous fiber-reinforced thermoplastic composites market are concentrating to expand their consumer base.
For instance :
- PolyOne Corporation, in 2019, launched new thermoplastic composite products at CHINAPLAS. The company introduced Complet LFT formulations. It is a thermoplastic composite, which has PP and PEEK as a base resin. These newly launched products are predicted to meet the increased performance and design requirements.
Some leading manufacturers of continuous fiber-reinforced thermoplastic composites are Lanxess, Celanese, TenCate, Tri-Mack, PolyOne Corporation, Polystrand, US Liner, AXIA Materials, Aonix, Ningbo Huaye Material, Guangzhou Kingfa Carbon Fiber, and Zhejiang Double Fish Plastics.
Segmentation of Continuous Fiber-Reinforced Thermoplastic (CFRTP) Composites Industry Research
-
By Product Type :
- Carbon Fiber
- Glass Fiber
- Aramid Fiber
-
By Application :
- Automotive
- Aerospace
- Electronics
- Sporting Goods
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product
- 9.1. Carbon Fiber
- 9.2. Glass Fiber
- 9.3. Aramid Fiber
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 10.1. Automotive
- 10.2. Aerospace
- 10.3. Electronics
- 10.4. Sporting Goods
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Lanxess
- 21.2. TenCate
- 21.3. Celanese
- 21.4. Polystrand
- 21.5. Tri-Mack
- 21.6. AXIA Materials
- 21.7. US Liner
- 21.8. Aonix
- 21.9. Lingol
- 21.10. Ningbo Huaye Material
- 21.11. QIYI Tech
- 21.12. Zhejiang Double Fish Plastics
- 21.13. Guangzhou Kingfa Carbon Fiber
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Product, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Product, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Product, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Product, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Product, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Product, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Product, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Product, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Product, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Product, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Product, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: U. S. Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: U. S. Market Value Share, By Product, 2023 (E)
Figure 75: U. S. Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Product, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Product, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Product, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: U. K. Market Value Share, By Product, 2023 (E)
Figure 87: U. K. Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Product, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Product, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Product, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Product, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Product, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Product, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Product, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Product, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Product, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Product, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Product, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Product, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Product, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Product, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Product, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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Competitive landscape highlights only certain players
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- FAQs -
What is the present value of the continuous fiber-reinforced thermoplastic (CFRTP) composites market?
The global CFRTP composites market is estimated at US$ 1.12 billion in 2023.
At what percentage is the demand for CFRTP composites estimated to increase through 2033?
Sales of continuous fiber-reinforced thermoplastic composites are forecasted to advance at a CAGR of 7.8% from 2023 to 2033.
What is the forecasted valuation of the United States market for 2033?
The United States market for CFRTP composites is expected to reach US$ 1.12 billion by 2033-end.
What is the projected valuation of continuous fiber-reinforced thermoplastic composites in the automotive sector?
The demand for continuous fiber-reinforced thermoplastic composites in the automotive industry is estimated to reach a value of US$ 789.3 million by 2033-end.
What is the forecasted value of the global CFRTP composites market for 2033?
The market for continuous fiber-reinforced thermoplastic composites is forecasted to reach US$ 2.38 billion by 2033-end.
Who are key manufacturers of continuous fiber-reinforced thermoplastic composites?
Lanxess, Celanese, TenCate, Tri-Mack, PolyOne Corporation, Polystrand, US Liner, AXIA Materials, Aonix, and Ningbo Huaye Material are leading producers of CFRTP composites.
Continuous Fiber-Reinforced Thermoplastic (CFRTP) Composites Market