According to a new market report published by Lucintel, the future of the global continuous fiber thermoplastics (CFT) market looks promising with opportunities in the transportation, aerospace & defense, industrial and sporting goods industries. The global CFT market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 0.52% to 2.5% from 2020 to 2025. The major growth driver for this market is growing demand for continuous fiber reinforced thermoplastic composites in different end use industries due to its higher performance, lightweight, and recyclability.
Browse 96 market data tables and 131 figures spread through 259 pages and in-depth TOC on “Global Continuous Fiber Thermoplastic (CFT) Market"
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In this market, different types of CFT such as UD tapes, prepreg (fabric), commingled fiber and fabric are used as material form. Lucintel forecasts that UD tape is expected to remain the largest material form and witness the highest growth over the forecast period supported by the replacement of traditional materials.
Within the global CFT market, the aerospace & defense segment is expected to remain the largest end use market. The transportation segment is expected to witness the highest growth over the forecast period supported by increasing demand for lightweight composites which are remoldable, reusable, and recyclable.
North America is expected to remain the largest region due to presence of leading part fabricators. North America is also expected to witness the highest growth over the forecast period because of rising penetration of continuous fiber thermoplastic composites in major end use industries.
In this market, CFT is available in prepreg as well as commingled fiber/fabric. Prepregs are reinforcement materials available in unidirectional, woven, and laminate forms used in the various end use industries. TenCate, Cytec Solvay Group, Lanxess, QIYI Technology, PolyStrand, AXIA Materials, Kingfa, and Celanese and others are among the major CFT manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global CFT market by end use industry, material form, use temperature, reinforcement, resin, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Continuous Fiber Thermoplastic (CFT) Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global CFT market by end use industry, material form, use temperature, reinforcement, resin, and region as follows:
By End Use Industry [Volume (M lbs.) and Value ($ Million) from 2014 to 2025]:
Transportation
Sporting Goods
Industrial
Aerospace & Defense
Others
By Material Form [Volume (M lbs.) and Value ($ Million) from 2014 to 2025]:
UD Tapes
Prepreg (Fabric)
Commingled Fiber and Fabric
Other – Pultruded Laminate
By Reinforcement Type [Volume (M lbs.) and Value ($ Million) from 2014 to 2025]:
Carbon Fiber
Glass Fiber
Others
By Resin Type [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
PP
PA
PEEK
PEKK
PPS
PEI
Others
By Use Temperature [Volume (M lbs.) and Value ($ Million) from 2014 to 2025]:
High Temperature
Low Temperature
By Region [$M shipment analysis for 2014 – 2025]:
North America
Europe
Asia Pacific
The Rest of the World
This 259-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/continuous-fiber-thermoplastic-market.aspx or helpdesk@lucintel.com.
About Lucintel
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