Global Continuous Fiber Reinforced Thermoplastic Composites Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Continuous Fiber Reinforced Thermoplastic Composites Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Continuous Fiber Reinforced Thermoplastic Composites are a new material that offer superior combination of lightweight and stiffness. They are also freely formable, easy to process and recyclable.

Continuous fiber reinforced thermoplastic composites are mainly made by thermoplastic polymer matrix and fiber reinforcements.

Market Overview:

The latest research study on the global Continuous Fiber Reinforced Thermoplastic Composites market finds that the global Continuous Fiber Reinforced Thermoplastic Composites market reached a value of USD 468.36 million in 2022. It’s expected that the market will achieve USD 760.27 million by 2028, exhibiting a CAGR of 8.41% during the forecast period.

Driving Factors

Lightweight trend of automobile and aircraft parts, various countries have introduced energy-saving emission reduction measures; Excellent material performance of CFRT

Market Restraints

More alternative products, compared to other products, the production process requires high difficulty and high prices Serious monopoly of the high-end market, homogenization of low-end market competition

Opportunities

New production equipment and production technology development; Potential application market expansion, such as 3D printing and sporting goods market

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects

Company Overview:

The top three companies are TenCate, LANXESS, Polystrand, Inc., with the revenue market share of 8.45%, 12.08%, and 9.19% in 2016.

Segmentation Overview:

Among different product types, Glass Fiber Type segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Continuous Fiber Reinforced Thermoplastic Composites market covered in Chapter 3:

Ningbo Huaye Material
Zhejiang Double Fish Plastics
Polystrand, Inc.
Genius Advanced Material(Group)
AXIA Materials
TenCate
Tri-Mack
Lingol
QIYI Tech
Celanese
Guangzhou Kingfa Carbon Fiber
LANXESS
Aonix

In Chapter 4 and Chapter 14.2, on the basis of types, the Continuous Fiber Reinforced Thermoplastic Composites market from 2018 to 2029 is primarily split into:

Carbon Fiber Type
Glass Fiber Type
Aramid Fiber Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Continuous Fiber Reinforced Thermoplastic Composites market from 2018 to 2029 covers:

Automotive
Aerospace
Electronics
Sporting Goods
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)