According to a new market report published by Lucintel, the future of global continuous fiber thermoplastics (CFT) market looks promising with opportunities in transportation, aerospace & defense, industrial, and sporting goods industries. The global CFT market is expected to grow at a CAGR of 9.5% from 2017 to 2022. The major driver for the growth of this market is growing demand for thermoplastic composites in different end use industries due to its higher performance and environmental benefits.
In this market, transportation, aerospace & defense, industrial, and sporting goods are the major end use industries. On the basis of comprehensive research, Lucintel forecasts that the transportation and aerospace & defense segments are expected to show above average growth during the forecast period.
Within the global CFT market, the aerospace & defense segment is expected to remain the largest market by value and transportation segment by volume. Expected growth in the development and production of advanced aircraft models, increasing use of lightweight composites in new aircraft programs, such as Boeing 787, Airbus A350, and growing use of lightweight materials in transportation industry are the major driving forces that spur growth for these segments over the forecast period.
By material form, Unidirectional (UD) Tape is expected to remain the largest segment due to its growing use in aerospace & defense and transportation industries.
By use temperature, the low temperature CFT is expected to remain the largest segment by both value and volume over the forecast period. By reinforcement type, glass fiber reinforced CFT is expected to remain the largest segment by both value and volume. By resin type, PEEK based CFT is expected to remain the largest segment by value and PP based CFT is expected to remain the largest segment by volume over the forecast period. The growing use of high performance composite material in the end use industries is likely to drive the consumption of PEEK based CFT over the forecast period.
Europe is expected to remain the largest market for CFT due to growing demand for high performance, lightweight, and environmentally sustainable thermoplastic composites in different end use industries.
North America is expected to witness the highest growth rate during the forecast period due to the expected increase in production of advanced aircraft models, growing vehicle production and an increasing focus on lightweight composite materials.
For business expansion, Lucintel’s report suggests innovation and new product development to achieve higher mechanical performance, better performance at elevated temperature, and improved flame, chemical and moisture resistance.
Emerging trends which have a direct impact on the dynamics of the industry include continuous innovation and development of new products and applications particularly in automotive and aerospace industries, and close collaboration of players in different nodes in the supply chain. TenCate, Cytec Solvay Group, Lanxess, PolyStrand, AXIA Materials, QIYI Technology, and Celanese are among the major suppliers of CFT.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global CFT market by end use industry, material form, use temperature, reinforcement, resin, and region and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Continuous Fiber Thermoplastics Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy by providing 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, reinforcement, resin, use temperature, and region, as follows:
By end use industry [Volume (Million lbs) and Value ($ Million) from 2011 to 2022]:
• Sporting Goods
• Aerospace & Defense
By material form [volume (Million lbs) and Value ($ Million) from 2011 to 2022]:
• UD Tape
• Prepreg (Fabric)
• Commingled Fiber and Fabric
• Other – Pultruded Laminate
By reinforcement [volume (Million lbs) and Value ($ Million) from 2011 to 2022]:
• Carbon Fiber
• Glass Fiber
By use temperature [volume (Million lbs) and Value ($ Million) from 2011 to 2022]:
• High Temperature
• Low Temperature
By resin [volume (Million lbs) and Value ($ Million) from 2011 to 2022]:
By region [volume (Million lbs) and Value ($ Million) from 2011 to 2022]:
• North America
• The Rest of the World (including Asia Pacific)
This 238-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 firstname.lastname@example.org. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
This report addresses the following key questions:
Q. 1. What are some of the most promising, high-growth opportunities for global CFT market by end use industry (transportation, aerospace & defense, sporting goods, industrial, sporting goods and others), by material form (UD tape, prepreg (fabric), commingled fiber & fabric and other pultruded laminate), use temperature (high temperature, low temperature), by reinforcement (glass fiber, carbon fiber and others), by resin (PP resin, PEEK resin, PPS resin, PA resin, PEI resin, PEKK resin and others) and region (North America, Europe, and the Rest of the World (including Asia Pacific)?
Q. 2. Which products 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, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and the reasons behind them?
Q.7. What are some of the 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 competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q. 11. What M&A activity has occurred in the last 5 years?