Opportunities for the global Continuous Fiber Thermoplastic (CFT) market to grow at a CAGR of 8.0% by 2023

According to a new market report published by Lucintel, the future of the global continuous fiber thermoplastics (CFT) market looks promising with opportunities in the transportation, aerospace & defense, industrial, and sporting goods industries. The global CFT market is expected to grow with a CAGR of 8.0% from 2018 to 2023. The major growth driver for this market is growing demand for continuous fiber reinforced thermoplastic composites in different end use industries due to its higher performance, lightweight, and recyclablity.

In this market, CFT is available in prepreg as well as commingled fiber/fabric. Prepregs are reinforcement materials available in unidirectional, woven, and laminate forms usedin the various end use industries. Lucintel forecasts that UD tape is expected to remain the largest material form and witness the highest growth over the forecast period supported by the replacement of traditional materials.

Within the global CFT market, the aerospace & defense segment is expected to remain the largest end use market. The transportation segment is expected to witness the highest growth over the forecast period supported by increasing demand for lightweight composites which are remoldable, reusable, and recyclable.   

By reinforcement type, glass fiber based CFT is expected to remain the largest segment, and carbon fiber reinforced CFT is likely to witness the highest growth over the forecast period supported by increasing usage of high performance lightweight materials in the different end use industries.

North America is expected to remain the largest region due to presence of leading part fabricators. North America is also expected to witness the highest growth over the forecast period because of rising penetration of continuous fiber thermoplastic composites in major end use industries.

TenCate, Cytec Solvay Group, Lanxess, QIYI Technology, PolyStrand, AXIA Materials, , Kingfa, and Celanese are among the major suppliers of CFT.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global CFT market by end use industry, material form, use temprature, reinforcement, resin, and region, and has come up with a comprehensive research report entitled “Growth Opportunities for the Global Continuous Fiber Thermoplastic Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global CFT market by end use industry, material form, use temprature, reinforcement, resin, and region as follows:

By end use industry [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:

·      Transportation

·      Sporting Goods

·      Industrial

·      Aerospace & Defense

·      Others

By material form [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:

·      UD Tapes

·      Prepreg (Fabric)

·      Commingled Fiber and Fabric

·      Other – Pultruded Laminate

By reinforcement type [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:

•          Carbon Fiber
•          Glass Fiber
•          Others 

By resin type [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:

·      PP

·      PA

·      PEEK

·      PEKK

·      PPS

·      PEI

·      Others

By use temprature [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:

·      High Temprature

·      Low Temprature

By Region [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:

·      North America

·      Europe

·      APAC

·      ROW

This 259-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q. 1.  How big are the opportunities for the global CFT market by end use industry (transportation, sporting goods, industrial, aerospace & defense, and others), by material form (UD tapes, prepreg (fabric), commingled fiber and fabric, by reinforcement (glass, carbon, and others), by use temprature (high temprature, and low temprature), by resin type (PP, PEEK, PPS, PA, PEI, PEKK, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2. Which segments will grow at a faster pace and why?

Q. 3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5. What are the business risks and threats to the market?

Q.6 What are emerging trends in this market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8. What are the new developments in the market and which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q. 11. What M&A activity has occurred in the last five years and what has its impact been on the industry?