Carbon Thermoplastic Composites Market Share, Revenue, Drivers, Trends And Influence Factors Historical & Forecast Till 2025 Carbon Thermoplastic Composites Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast.
The global Carbon Fiber Reinforced Thermoplastic (CFRTP) Composites Market size is anticipated to reach USD 7.74 billion by 2025. It is also expected to register 10.8% CAGR during the forecasted period, 2016 to 2025. Several features like less weight, more strength, and good fire resistance are anticipated to drive the demand for such composites across the globe. In 2015, the PAN raw material segment dominated the global market due to its enhanced properties. It is also expected to replace the petroleum pitch segment in the upcoming years due to its rising demand across several industrial sectors. The aerospace and defense application held the largest share across the global market due to surging need for lightweight materials in aircraft manufacturing. While, the application segment of automotive is projected to witness CAGR of 14.0% from 2016 to 2025 due to implementation of stringent rules and regulations by governmental organizations.
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In 2015, North America held the largest share of around 35% across the global market due to the rising presence of major aircraft manufacturers like Boeing across this region. While Europe is anticipated to register