CFRTP Market by Resin Type, Product Type, Application

List of Tables

[186 Pages Report] The CFRTP Market size was estimated at USD 9.02 billion in 2023 and expected to reach USD 9.94 billion in 2024, at a CAGR 10.64% to reach USD 18.32 billion by 2030.

Global CFRTP Market

KEY MARKET STATISTICS
Base Year [2023]	USD 9.02 billion
Estimated Year [2024]	USD 9.94 billion
Forecast Year [2030]	USD 18.32 billion
CAGR (%)	10.64%

Continuous Fiber Reinforced Thermoplastic Composites (CFRTP) are advanced materials characterized by the combination of a thermoplastic matrix with continuous fibers. These composites are gaining immense popularity across various industries due to their outstanding strength-to-weight ratio, design flexibility, and recyclability. The CFRTP market is rapidly evolving, propelled by the rising demand from sectors such as automotive, aerospace, and consumer electronics. These industries seek to leverage the lightweight and durable nature of CFRTPs for fuel efficiency and enhanced product performance. However, the high cost of raw materials associated with CFRTP may create a hindrance to market growth. High processing temperature issues with CFRTP limit the adoption across the industries. Furthermore, advancements in technology and an intensifying focus on sustainability are crucial opportunities for CFRTP adoption. The ability to recycle these materials aligns well with global efforts to reduce environmental impact and promote circular economy practices.

Regional Insights

The American region demonstrates a robust demand for Continuous Fiber Reinforced Thermoplastic Composites (CFRTP), primarily attributed to the strong presence of aerospace, defense, and automotive industries in this region. Additionally, initiatives in the American region focus on reducing vehicle emissions, further propelling the demand for CFRTPs. Countries, including Canada and Mexico, contribute to the market with their industries adopting CFRTPs for applications in transportation, sporting goods, and construction. In Europe, stringent environmental regulations and a prominent automotive industry significantly influence the CFRTP market. The European aerospace sector, with key players, drives the CFRTP market. Additionally, European countries are expected to show increased demand as their manufacturing capabilities grow and integrate with supply chains. Europe's commitment to sustainability and reduced carbon footprint is likely to increase the uptake of CFRTPs in various applications. APAC region growth is mainly driven by increasing industrialization, the rise in manufacturing activities, and the substantial growth of the automotive sector in countries like China, Japan, South Korea, and India. China. Governmental policies encourage the production of lightweight materials for consumer electronics, automotive, and aerospace industries. Furthermore, the region's emphasis on infrastructure development and the burgeoning demand for high-performing materials in various applications contribute to the growth of CFRTPs in the Asia-Pacific market.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the CFRTP Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the CFRTP Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the CFRTP Market, highlighting leading vendors and their innovative profiles. These include AEROSUD, Asahi Kasei Corporation, Avient Corporation, BUFA Thermoplastic Composites GmbH & Co. KG, Celanese Corporation, CompLam Material Co., Ltd., DuPont de Nemours, Inc., Ensinger GmbH, Gurit Holding AG, Hexcel Corporation, Iwatani Corporation, Jiangsu Hengshen Co., Ltd., Mitsubishi Chemical Group Corporation, Okutani Ltd., Reinforced Plastic Industries, RTP Company, Saudi Basic Industries Corporation, SGL Group, Solvay S.A., SONOTEC Co., ltd., TIP composite Co., Ltd., Toray Industries, Inc., and Zhongfu Shenying Carbon Fiber Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the CFRTP Market to forecast the revenues and analyze trends in each of the following sub-markets:

Resin Type
- Polyamide (PA)
- Polycarbonate (PC)
- Polyetheretherketone (PEEK)
- Polyphenylene Sulfide (PPS)
Product Type
- Continuous Carbon Fiber
- Long Carbon Fiber
- Short Carbon Fiber
Application
- Aerospace & Defense
- Automotive
- Consumer Electronics
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the CFRTP Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the CFRTP Market?

3. What are the technology trends and regulatory frameworks in the CFRTP Market?

4. What is the market share of the leading vendors in the CFRTP Market?

5. Which modes and strategic moves are suitable for entering the CFRTP Market?

Product Code: MRR-894699F5E6D6

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. CFRTP Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for light-weight materials across industries
  - 5.1.1.2. Stringent environmental regulations to explore sustainable materials
- 5.1.2. Restraints
  - 5.1.2.1. High cost of raw materials associated with CFRTP
- 5.1.3. Opportunities
  - 5.1.3.1. Growing development in the manufacturing process of CFRTP
  - 5.1.3.2. Emerging usage in aerospace applications to enhance fuel efficiency
- 5.1.4. Challenges
  - 5.1.4.1. High processing temperature issues with CFRTP
5.2. Market Segmentation Analysis
- 5.2.1. Resin Type: Increasing usage of polyamide (PA) due to its ability to withstand dynamic loads
- 5.2.2. Product Type: Growing adoption of long carbon fibers in automotive components and sports equipment
- 5.2.3. Application: Emerging application of CFRTP composites in the automotive industry to reduce the weight of vehicles
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. CFRTP Market, by Resin Type

6.1. Introduction
6.2. Polyamide (PA)
6.3. Polycarbonate (PC)
6.4. Polyetheretherketone (PEEK)
6.5. Polyphenylene Sulfide (PPS)

7. CFRTP Market, by Product Type

7.1. Introduction
7.2. Continuous Carbon Fiber
7.3. Long Carbon Fiber
7.4. Short Carbon Fiber

8. CFRTP Market, by Application

8.1. Introduction
8.2. Aerospace & Defense
8.3. Automotive
8.4. Consumer Electronics

9. Americas CFRTP Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific CFRTP Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa CFRTP Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Agreement, Collaboration, & Partnership
  - 12.3.1.1. Asahi Kasei collaborates on development of recycling technology for inexpensive, high-quality carbon fiber
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. THOR project develops mass-producible CFRTP hydrogen tanks
- 12.3.3. Investment & Funding
  - 12.3.3.1. 9T Labs completes USD 17 million Series A funding round

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. AEROSUD
- 13.1.2. Asahi Kasei Corporation
- 13.1.3. Avient Corporation
- 13.1.4. BUFA Thermoplastic Composites GmbH & Co. KG
- 13.1.5. Celanese Corporation
- 13.1.6. CompLam Material Co., Ltd.
- 13.1.7. DuPont de Nemours, Inc.
- 13.1.8. Ensinger GmbH
- 13.1.9. Gurit Holding AG
- 13.1.10. Hexcel Corporation
- 13.1.11. Iwatani Corporation
- 13.1.12. Jiangsu Hengshen Co., Ltd.
- 13.1.13. Mitsubishi Chemical Group Corporation
- 13.1.14. Okutani Ltd.
- 13.1.15. Reinforced Plastic Industries
- 13.1.16. RTP Company
- 13.1.17. Saudi Basic Industries Corporation
- 13.1.18. SGL Group
- 13.1.19. Solvay S.A.
- 13.1.20. SONOTEC Co., ltd.
- 13.1.21. TIP composite Co., Ltd.
- 13.1.22. Toray Industries, Inc.
- 13.1.23. Zhongfu Shenying Carbon Fiber Co., Ltd.
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing