Continuous Fiber Reinforced Thermoplastic (CFR-TP) Market trends research and projections for 2019 - 2025

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Continuous Fiber Reinforced Thermoplastics
(CFR-TP) Market Growth Outlook with Industry
Review and Forecast 2019-2025
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Global Market Scenario of Continuous Fiber
Reinforced Thermoplastics (CFR-TP) Industry

• The continuous fiber reinforced thermoplastics
  (CFR-TP) market is segmented on the basis of
  product into glass fiber, carbon fiber, aramid
  fiber and others. Carbon fiber type
  thermoplastics are generally used by aircraft
  makers to reduce the weight of aircraft in order
  to improve product efficiency.
• Although the product demand is expected to
  increase by rising demand of lightweight products
  from various end user industries such as
  construction, wind and marine as any fuel
  efficiency is highly dependent on kerb weight.
  The product is largely used in end user
  industries owing to properties such as high
  strength and light weight.
• The product is used in many industries including
  automotive, aerospace, electronics, sporting
  goods, etc. The product has major application in
  transport sector owing to strict environment
  regulations and rising demand to produce light
  weight vehicles.
• The basic method to reduce green house gas
  emissions from industries such as automotive and
  civil aeronautics is to reduce the weight of the
  vehicle. However, the product is largely used in
  electronics industry. It has been found that a
  laptop cover made from continuous
  fiber-reinforced thermoplastic composites can
  reduce the carbon footprints to around 70 as
  compared to traditional magnesium- aluminum
  alloy.

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• Regional Trends-
• North America shall account for largest market
  share in thermoplastic fibers industry which can
  be attributed to increasing product demand by
  aircraft makers in the region.
• Europe also held a significant market share in
  2018, as a result of strict government
  regulations regarding carbon emissions.
• Asia pacific on the other hand is likely to
  follow an increasing trend due to exponentially
  growing automobile production and sales in the
  region.

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• Competitive Trends
• Industry rivalry is quite high due to the
  presence of various well-established players in
  the international market. Several key players
  indulged in this industry are Toray Industries,
  Inc., Hexcel Corporation, Mitsubishi Rayon Co.,
  Ltd, SGL Group, BASF SE, Lanxess, TenCate,
  Celanese and AXIA Materials. The companies in
  this industry are keen to produce raw materials
  while reducing the overall production cost.

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Reinforced Thermoplastics (CFR-TP)
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