Carbon Thermoplastics (CFRTP) Composties Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report, 2025
“The carbon thermoplastic (CFRTP) composites market across the globe was valued at USD 2.75 billion in the year 2015. It is anticipated to witness growth with a 10.8% CAGR during the forecasted period, 2016 to 2025.”
The global carbon fiber reinforced thermoplastic (CFRTP) composites market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: 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. Several industries like marine, construction and wind turbines require lightweight materials for the production of components. Further, the efficiency of fuel in automobiles also depends on their kerb weight. Thus, the usage of CFRTP is expected to gain traction across many industries in the upcoming years. These composites are projected to gain wide popularity over other thermosetting resins due to their enhanced properties. These conventional thermosetting resins gain hardness after reheating and require more time for molding into the desired structure and shape. Owing to these limitations, such resins are getting replaced by the CFRTP composites.