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  • CFRTP Market worth 1,690.3 Million USD by 2026

     



    (Aviation-NewsWire.Com, November 13, 2019 ) The report "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", The CFRTP market is projected to reach USD 1,690.3 Million by 2026, at a CAGR of 8.66% from 2016 to 2026.

    Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231422461

    The CFRTP market is driven by the increasing demand for fuel-efficient vehicles, increasing use of CFRTP in aerospace applications, and flexibility offered by CFRTP in manufacturing complex shapes & designs. In addition, technological advancements for the mass production of CFRTP are further propelling the growth of the CFRTP market.

    The continuous carbon fiber segment is expected to account for a major share of the CFRTP market

    Continuous carbon fiber is the leading type of CFRTP used for various applications, such as aerospace, automotive, and consumer durables. The continuous fiber segment is projected to account for the largest share of the CFRTP market both, in terms of value and volume, owing to its high strength in comparison to short and long carbon fibers.

    Aerospace is the largest application segment of the CFRTP market, in terms of value and volume

    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. The superior properties of CFRTP have contributed to the extensive usage of CFRTP in the aerospace industry.

    Don't miss out on business opportunities in CFRTP Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=231422461

    Browse in-depth TOC on “CFRTP Market”
    75 - Market Data Tables
    53 - Figures
    146 - Pages

    North America accounts for a major share of the CFRTP market

    North America accounted for the largest share of the CFRTP market in 2015, owing to the high demand for CFRTP from aerospace, automotive, and consumer durables sectors. In addition, mass production of CFRTP and increasing usage of composites in aerospace application are other significant factors contributing to the growth of the CFRTP market in the North American region. North America is also expected to be the fastest-growing market for CFRTP in the next five years.

    Key players operating in the CFRTP market include 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. These players have adopted various organic and inorganic developmental strategies over the past five years.

    Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=231422461

    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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    Mr. Shelly Singh

    1-888-600-6441

    raviraj.tak@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

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