CFRTP stands for Carbon Fiber Reinforced Thermoplastic. It is a composite material made by combining carbon fiber and thermoplastic resins, which offers high strength, stiffness, and lightweight properties. CFRTP has a wide range of applications in various industries, including aerospace, automotive, sports equipment, and consumer goods.

The global CFRTP industry report provides top-notch qualitative and quantitative information including: CFRTP Market size. The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.

The CFRTP industry is rapidly growing due to the increasing demand for lightweight materials in various applications, including the aerospace and automotive industries, where reducing weight is essential to improving fuel efficiency and performance. CFRTP is also gaining popularity in consumer goods such as sporting equipment, due to its high strength and stiffness.

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The global CFRTP market is expected to grow significantly over the next few years, driven by the growing demand for lightweight materials in various industries, including aerospace, automotive, and consumer goods.

CFRTP Market Key Players

Key companies such as BASF SE (Germany), Celanese Corporation (U.S.), Cytec Solvay (U.S.), Du Pont (U.S.), Gurit Holding Ag (Switzerland), Quickstep Holdings Limited (Australia), Saudi Basic Industries Corporation (Saudi Arabia), SGL Group (Germany), Teijin Ltd. (Japan), Tencate (Netherlands), the Dow Chemical Company (U.S.), and Toray Industries Inc. (Japan) are profiled in this report.

"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.

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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.