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Carbon Fiber Reinforced Thermoplastics Market to Reach $8.4 Billion by 2027: IndustryARC

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The market for carbon fiber reinforced thermoplastics has a major demand in the aerospace sector for application in aircraft seats, lighting and cabin linings.

HYDERABAD, TELANGANA, INDIA, Sept. 15, 2022 /EINPresswire.com/ — IndustryARC in its latest report predicts the market size of carbon fiber reinforced thermoplastics to reach US$8.4 billion by 2027, after increasing at a CAGR of 10.6% during the forecast period 2022-2027. The demand for CFRTP is increasing in the automotive industry owing to its applicability as an alternative to metals in automotive vehicles, thus acting as a driving factor in the carbon fiber reinforced thermoplastics market. The report offers a comprehensive analysis of the market, its main segments, growth factors, trends, drivers and challengers, key players and more.

Click here to browse the full summary of the report:
https://www.industryarc.com/Research/Cfrtp-Market-Research-500322

Key points to remember:

1. North America dominates the carbon fiber reinforced thermoplastics market, owing to its established base for aerospace, automotive, construction, marine and others, thus propelling its growth in this region.

2. Booming automotive industry is propelling the growth prospects of carbon fiber reinforced thermoplastics for various applications in automotive interiors, under hood, seats, housings and others, thus contributing to the carbon fiber reinforced thermoplastics market size carbon fibers.

3. However, high prices of raw materials for CFRTP, such as carbon fiber, derived from polyacrylonitrile (PAN) and petroleum pitch, are affecting the production and growth prospects of the market, thus acting as a driving factor. challenge.

Want to know more about relevant information? Click here :
https://www.industryarc.com/pdfdownload.php?id=500322

Segmental analysis:

1. The continuous carbon fiber segment held the largest carbon fiber reinforced thermoplastics market share in 2021 and is expected to grow at a CAGR of 10.5% during the forecast period 2022-2027.

2. The automotive segment held a major carbon fiber reinforced thermoplastics market share in 2021 and is expected to grow at a CAGR of 10.9% during the forecast period 2022-2027. The growing demand for carbon fiber reinforced thermoplastics in the automotive sector is driven by its increasing applications in interiors, exteriors, under hoods, battery boxes and others.

3. North America held the largest carbon fiber reinforced thermoplastics market share in 2021, up to 39%. The thriving growth of carbon fiber reinforced thermoplastics in this region is driven by growing demand from the automotive sector and an established base for the production of lighter vehicles.

Competitive landscape:

Top 5 players in the Carbon Fiber Reinforced Thermoplastics industry are –

1. Teijin Limited

2. Covestro AG

3.PlastiComp, Inc.

4.PolyOne Corporation

5. Royal Ten Cate SA

Click the following link to purchase the Carbon Fiber Reinforced Thermoplastics Market Report:
https://www.industryarc.com/reports/request-quote?id=500322

Why choose IndustryARC?

IndustryARC is one of the world’s leading market research and consulting companies. It produces over 500 unique market reports every year. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your favorite market report from the website, but also get personalized support on specific reports.

Related reports:

A. Cf & Cfrp Market
https://www.industryarc.com/Research/Cf-Cfrp-Market-Research-500168

B. Carbon Fiber Reinforced Metal Composites Market
https://www.industryarc.com/Research/Carbon-Fiber-Reinforced-Metal-Composites-Market-Research-501453

Venkat Reddy
IndustryCRA
+1 614-588-8538
[email protected]
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