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8+% CAGR Growth of CFRTP Market is Projected to Reach $ 1,690.3 Million

Press Release   •   Jan 25, 2017 04:51 EST

Key factors driving the growth of the CFRTP market include increase in demand for fuel-efficient vehicles, use of CFRTP in aerospace applications, technological advancements, and flexibility in manufacturing complex shapes & designs. However, high raw material and production costs and stiff competition from thermo set composite manufacturers are factors restraining the growth of the market.

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The aerospace application accounted for the largest share of the CFRTP market both, in terms of value and volume in 2015.The superior properties exhibited by CFRTP are one of the most significant factors driving the growth of the CFRTP market in the aerospace application segment. CFRTP offers 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.

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Study on CFRTP, has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (35%); Tier 2 (25%) and other (40%) companies were contacted for interviews.

The interviews were conducted on CFRTP with various key people such as C level (30%), Director Level (25%) and other (45%) from various key organizations.

The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (25%), Asia-Pacific (30%), Middle East & Africa (10%), and Latin America (5%).

North America is expected to be the fastest-growing market for CFRTP during the next five years. Factors contributing to the growth of the North America CFRTP market include the increasing demand for CFRTP from aerospace and automotive industries and rapid urbanization and industrialization in this region.

This study on the CFRTP market has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

The report provides a comprehensive analysis of key companies listed below:

  • 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.)
  • Aerosud (South Africa)

Complete report on CFRTP Marketspread across 146 pages, profiling 10 companies and supported with 75 tables and 53 figures is now available at http://www.rnrmarketresearch.com/cfrtp-market-by-product-type-continuous-long-and-short-resin-type-polyetheretherketone-polyamide-polycarbonate-and-polyphenylene-sulfide-application-aerospace-automotive-and-consumer-durables-region-st-to-2026-market-report.html .

Research Coverage

This report covers the CFRTP market and forecasts the market size till 2026. The report includes the market segmentation by resin type {polyetheretherketone (PEEK), polyamide (PA), polyphenylene sulfide (PPS), and polycarbonate (PC)}, product type (continuous carbon fiber, long carbon fiber, and short carbon fiber), application (aerospace, automotive, and consumer durables), and region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America). The report provides information on Porter’s five forces, along with market dynamics such as drivers, restraints, opportunities, and challenges. It also provides company profiles and competitive strategies adopted by key players in the CFRTP market.

On related note, another market research report is: Automotive Composite Market by Type (Polymer Matrix Composite, Metal Matrix Composite, and Ceramic Matrix Composite) and by Application (Interior Components, Exterior Components, Chassis & Powertrain Components and Others) - Global Trends & Forecast to 2019 sharing details such as The Asia-Pacific region is the biggest market of automotive composite, accounting for nearly 43.2% of the total automotive composite demand in 2013. There is a lot of scope in the Asia-Pacific market due to high demand and increasing automotive manufacturing base in the region. With the emerging technological developments and innovations, the global demand for automotive composite may further augment at a high

Now available at http://www.rnrmarketresearch.com/automotive-composite-market-by-type-polymer-matrix-composite-metal-matrix-composite-and-ceramic-matrix-composite-and-by-application-interior-components-exterior-components-chassis-powertrain-market-report.html .

Reasons to buy the report:

  • The report will help market leaders/new entrants in this market in the following ways:
  • This report segments the CFRTP market comprehensively, and provides the closest approximations of revenues for the overall market and subsegments across different regions.
  • This report helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to better understand their competitors and gain insights to better their position their businesses. The competitive landscape section includes the competitor ecosystem, new product launches, agreements, expansions, and mergers & acquisitions.

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