Continuous Fiber Thermoplastic Market Expected to Experience Attractive Growth till 2027

The market began to get back on track in 2021 as Omicron worries waned, and it is expected to grow at a promising CAGR of 7.1% (value basis) to cross the benchmark figure of US$ 200 million by 2027.

Stratview Research delivers key insights on the global Continuous Fiber Thermoplastic (CFT) Market. According to Stratview Research, the market is segmented by Product Type (Thermoplastic UD Prepreg, Thermoplastic Fabric Prepreg, Commingled Yarn, and Others), by Fiber Type (Carbon Fiber CFTs and Glass Fiber CFTs), by Resin Type (PPS, PEEK, PEI, PP, and Others), by End-Use Industry Type (Aerospace Defence, Automotive, Consumer Goods, and Others), by Temperature Type (High-Temperature CFT and Low-Temperature CFT), by Process Type (Compression Molding, Injection Molding, AFP/ATL, and Others) Rest of the World [Brazil, Argentina, and Others]).

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Segment Analysis

Based on the product type, the market is classified into thermoplastic UD prepreg, thermoplastic fabric prepreg, commingled yarn, and others. UD prepreg is likely to remain the most dominant product type in the market in the foreseen future.

Based on the fiber type, the market is segmented as carbon fiber CFT and glass fiber CFT.  Glass fiber CFT is expected to remain the most dominant fiber type (volume basis) in the market during the forecast period.

Based on the process type, the market is segmented as compression molding, injection molding, AFP/ATL, and others. Compression molding is likely to remain the majorly used process type in the market during the forecast period.

In terms of regions, North America is expected to remain the largest market for CFTs over the forecast period on account of the huge presence of tier players in the aerospace industry. 

Key Players

The following are some of the key players in the continuous fiber thermoplastic (cft) market:

  • Toray Industries Inc.
  • Solvay S.A. (Cytec Industries Incorporated)
  • Teijin Carbon Europe GmbH (Toho Tenax)
  • Bond-Laminates (Lanxess AG)
  • Avient Corporation (PolyOne Corporation)
  • Jiangsu Qiyi Technology Co., Ltd.

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

  • What is the global demand for continuous fiber thermoplastic (cft) market in terms of revenue?
  • Which are the prominent players in the market?
  • At what CAGR is the market projected to grow within the forecast period?
  • What are the driving factors fuelling the growth of the market?
  • Which region accounted for the largest share in the market?
  • How did the Covid19 impacted the market?
  • How long will it take to recover from the Covid impact?

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James McGill

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