DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Carbon Thermoplastic (CFRTP) Composites Market, 2014-2025" report to their offering.
The global carbon fiber reinforced thermoplastic (CFRTP) composites market is projected to reach USD 7.74 billion by 2025. The demand for lightweight materials in automobile production, so as to reduce the overall fuel consumption is splurging the carbon thermoplastic market demand globally.
Many developed countries such as the United States, Japan, Germany, etc. have a high concentration of automobile, aerospace and defense equipment manufacturing companies and so is the consumption of carbon thermoplastics composites in these regions.
North America is anticipated to be the largest market for the product on account of the presence of major aircraft manufacturing giants like Boeing and many other top notch automobile manufacturers. Europe is expected to witness the highest growth over the forecast period. The presence of key automotive manufacturers such as BMW, Volkswagen, Mercedes, Fiat, etc. which emphasizing on building low-weight, fuel efficient, low emission, environment-friendly cars, has led to the increased consumption of CFRTP composites in the Europe.
The market is growing and is composed of several large players. However, product cost is a major challenge faced by these companies. Key market participants have adopted strategies such as agreements, joint ventures, partnerships, and alliances so as to sustain the growing market competition.
- Cytec Solvay Group
- Toray Industries, Inc.
- SGL Group
- Hexcel Corporation
- Teijin Limited
- Mitsubishi Rayon Co., Ltd.
- Hyosung Corporation
- Gurit Holding AG
- Plasan Carbon Composites
- Kringlan Composites AG
- Formosa Plastics Corporation
- TenCate NV
- Toho Tenax Co., Ltd.
Zoltek Companies, Inc.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Carbon Thermoplastic Composites Market Variables, Trends & Scope
4 Carbon Thermoplastic Composites: Raw Material Estimates & Trend Analysis
5 Carbon Thermoplastic Composites: Application Estimates & Trend Analysis
6 Carbon Thermoplastic Composite: Regional Estimates & Trend Analysis
7 Competitive Landscape
8 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/f34gf4/carbon