Continuous Fiber Reinforced Thermoplastic Composite Material Market
Continuous Fiber Reinforced Thermoplastic
Composite Material Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Continuous Fiber Reinforced Thermoplastic Composite
Material Market Size and Growth
The Continuous Fiber Reinforced Thermoplastic Composite Material market is experiencing significant growth, driven by increasing demand in automotive, aerospace, and industrial sectors. Valued at approximately $2.5 billion in 2023, the market is expected to expand at a CAGR of over 10% through 2030, fueled by advancements in material technology and sustainability initiatives.
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Companies Covered
(Covid 19 Impact Covered)
◍ Lanxess
◍ Toray
◍ Celanese
◍ Polystrand
◍ Solvay
◍ Covestro
◍ DSM
◍ US Liner
◍ Evonik
◍ SABIC
◍ Teijin
◍ Jiangsu QIYI TECHNOLOGIES
The Continuous Fiber Reinforced Thermoplastic Composite Material Market features major players like Lanxess, Toray, and Sabic, utilizing advanced materials for diverse applications such as automotive and aerospace. These companies drive market growth through innovation, strategic partnerships, and expanding production capacity, enhancing performance and reducing costs.
Sales Revenue Highlights:
- Toray: $21 billion
- Sabic: $40 billion
- DSM: $10 billion
◍ Guangzhou Kingfa Carbon Fiber Materials
◍ Zhejiang Suijin Composite Materials
◍ Qingdao CIMC Composites
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Market Segmentation
By Application
Automotive
Space
Electronic
Sports
Others
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By
Product
Carbon Fiber Reinforced
Thermoplastic Composite Material
Glass Fiber Reinforced
Thermoplastic Composite Material
Aramid Fiber Reinforced
Thermoplastic Composite Material
Others
Market Growth
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$ X Billion USD
