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Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market: By Product Type: Continuous Carbon Fibre, Long Carbon Fibre, Short Carbon Fibre; By Resin Type; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market Outlook

The Carbon Fibre Reinforced Thermoplastic (CFRTP) composites market is expected to grow at a CAGR of 4.2% during the period 2022-2027. The market is likely to be driven by uses in sectors such as automobiles and aerospace owing to properties of Carbon Fibre Reinforced Thermoplastic (CFRTP), such as low density, superior strength, good impact toughness, high-quality fatigue resistance, recyclable use, fast processing, and low cost of manufacturing. North America, Europe and Asia are expected to be key markets.

 

Global Market Likely to be Driven by Applications Across Sectors and Advantages Afforded

Carbon fibre is a promising lightweight material characterized by high-strength, high-temperature resistance, and good chemical resistance. It is non-toxic and low-density, and exhibits high wear resistance. Further, it is non-corrosive and recyclable and possesses a good strength-to-weight ratio. It has outstanding thermal, mechanical, and electrical properties. Carbon fibre reinforced polymer matrix composite products are extensively employed in multiple applications owing to their excellent thermal, structural, mechanical, electrical, and tribological properties; applications include uses in aerospace, wind energy, marine, automobile, infrastructure, building and construction, and sports goods.

CFRP refers to Carbon Fibre Reinforced Polymer/Plastic and represents a group of plastics reinforced with carbon fibres for high strength and stiffness and reduced weight. Plastics capable of being reinforced with carbon fibres may be placed under two main groups - thermoset and thermoplastics. CFRTP refers to Carbon Fibre Reinforced Thermoplastics which is a subgroup within the CFRP material group. Thermoplastics reinforced with carbon fibres display characteristics different from those exhibited by carbon fibre reinforced thermosets. Thermoplastics may be recycled and are suited to the circular economy model. Aforementioned properties and advantages are expected to boost the global Carbon Fibre Reinforced Thermoplastic (CFRTP) composites market.

 

Properties of Carbon Fibre Reinforced Thermoplastic (CFRTP) are Suited to Meet Demands of High Temperature Sectors

Carbon Fibre Reinforced Thermoplastics (CFRTPs) are generally manufactured with the help of conventional moulding approaches, including injection, rotational, extrusion, vacuum, and compression mouldings. Carbon Fibre Reinforced Thermoplastic (CFRTP) has attracted significant study due to its outstanding mechanical and thermal properties, recyclability, flexibility, less production time, and environmentally-friendly. The key thermal properties of Carbon Fibre Reinforced Thermoplastic (CFRTP) include thermal stability, thermal conductivity, melting temperature, and glass transition temperature. Properties of Carbon Fibre Reinforced Thermoplastic (CFRTP) may be enhanced or altered on the basis of materials and methods to be used. By enhancing thermal properties, Carbon Fibre Reinforced Thermoplastic (CFRTP) becomes more suited to meet the demands of different high-temperature sectors such as aerospace, oil, and gas.

Carbon Fibre Reinforced Thermoplastic (CFRTP) composite materials are becoming an increasingly used class of lightweight materials, making Carbon Fibre Reinforced Thermoplastic (CFRTP) is a promising alternative in multiple industrial applications. Properties like low weight, high strength, and good thermal and electrical properties make Carbon Fibre Reinforced Thermoplastic (CFRTP) a preferred composite material as compared to neat polymers, CFRPs, and other metallic materials. Anti-fatigue, anti-aging, and creep resistance are other key advantages. Carbon Fibre Reinforced Thermoplastic (CFRTP) may partially substitute expensive engineering plastics and CFRP material products; it may also partially replace lightweight metal materials (like aluminium-magnesium alloys).

 

Application of Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites in Automobiles Likely to Boost Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market

Advanced Carbon Fibre Reinforced Thermoplastic (CFRTP) and thermoplastic composites are one of the fastest-growing technologies in the international composite material domain; organizations have invested heavily towards research, development, and application. Advanced carbon fibre composite materials (including CFRP and CFRTP) offer several advantages to the automotive and parts manufacturing industry in terms of lighter weight (results in improved energy saving, acceleration, and braking performance), safety (weight reduction of the vehicle body may shift the centre of gravity of the vehicle lower and enhance steering stability), comfort, reliability and enhanced body development level. Considering the application of Mercedes-Benz, BMW, Audi and other high-end automotive companies in the product line, the application of new Carbon Fibre Reinforced Thermoplastic (CFRTP) materials in automobiles is expected to drive the market.

 

Use in Manufacturing Aircraft Expected to Drive Market Growth

Carbon Fibre Reinforced Thermoplastic (CFRTP) is being used in the manufacturing of aircraft. For example, in 2019, Teijin Limited announced that the A350 XWB aircraft, Airbus's new-generation extra-wide-body midsize jetliner using Teijin's Tenax TPCL carbon fibre thermoplastic consolidated laminate, was delivered to Japan Airlines (JAL). Such applications are expected to boost market growth.

 

Market Segmentation

By product type, the market is segmented into:

  • Continuous Carbon Fibre
  • Long Carbon Fibre
  • Short Carbon Fibre

By resin type, the market is divided into:

  • Polyetheretherketone (PEEK)
  • Polyamide (PA)
  • Polycarbonate (PC)
  • Polyphenylene Sulfide (PPS)

By application, the market is classified into:

  • Aerospace
  • Automotive
  • Consumer Durables
  • Others

By region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Key Industry Players in the Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Covestro AG.
  • Celanese Corporation 
  • Teijin Limited
  • Toray Industries, Inc.
  • SGL Carbon SE
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Resin Type
  • Application
Breakup by Product Type
  • Continuous Carbon Fibre
  • Long Carbon Fibre
  • Short Carbon Fibre
Breakup by Resin Type
  • Polyetheretherketone (PEEK)
  • Polyamide (PA)
  • Polycarbonate (PC)
  • Polyphenylene Sulfide (PPS) 
Breakup by Application
  • Aerospace
  • Automotive
  • Consumer Durables
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Covestro AG.
  • Celanese Corporation 
  • Teijin Limited
  • Toray Industries, Inc.
  • SGL Carbon SE
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface   
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Historical Market (2017-2021) 
    8.3    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market Forecast (2022-2027)
    8.4    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market by Product Type
        8.4.1    Continuous Carbon Fibre
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Long Carbon Fibre
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Short Carbon Fibre
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market by Resin Type
        8.5.1    Polyetheretherketone (PEEK)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Polyamide (PA)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Polycarbonate (PC)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Polyphenylene Sulfide (PPS) 
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market by Application
        8.6.1    Aerospace
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Automotive
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Consumer Durables
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price 
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Covestro AG.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Celanese Corporation 
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Teijin Limited
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Toray Industries, Inc.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    SGL Carbon SE
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market: Key Industry Highlights, 2017 and 2027
2.    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Historical Market: Breakup by Product Type (USD Million), 2017-2021
3.    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4.    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Historical Market: Breakup by Resin Type (USD Million), 2017-2021
5.    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market Forecast: Breakup by Resin Type (USD Million), 2022-2027
6.    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Historical Market: Breakup by Application (USD Million), 2017-2021
7.    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market Forecast: Breakup by Application (USD Million), 2022-2027
8.    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Carbon Fibre Reinforced Thermoplastic (CFRTP) Composites Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Carbon Fibre Reinforced Thermoplastic Composites (CFRTP) Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Carbon Fibre Reinforced Thermoplastic Composites (CFRTP) Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Carbon Fibre Reinforced Thermoplastic Composites (CFRTP) Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Carbon Fibre Reinforced Thermoplastic Composites (CFRTP) Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Carbon Fibre Reinforced Thermoplastic Composites (CFRTP) Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Carbon Fibre Reinforced Thermoplastic Composites (CFRTP) Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Carbon Fibre Reinforced Thermoplastic Composites (CFRTP) Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Carbon Fibre Reinforced Thermoplastic Composites (CFRTP) Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Carbon Fibre Reinforced Thermoplastic Composites (CFRTP) Market Structure

Key Questions Answered in the Report

The global Carbon Fibre Reinforced Thermoplastic (CFRTP) composites market is projected to grow at a CAGR of 4.2% between 2022 and 2027.

The major drivers of the market include the increase in consumer awareness towards pollution free and efficient vehicles, growth in the global aviation sector, strict government rules, and rising demand for CFRTP as an alternative to metals such as steel and aluminium.

The growing uses in sectors, such as automobiles and aerospace, owing to properties of Carbon Fibre Reinforced Thermoplastic (CFRTP) and the increasing demand for lightweight automotive material are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different types of products are continuous carbon fibre, long carbon fibre, and short carbon fibre.

Based on resin type, the market is divided into polyetheretherketone (PEEK), polyamide (PA), polycarbonate (PC), and polyphenylene sulfide (PPS).

The major applications are aerospace, automotive, and consumer durables, among others.

The major players in the industry are Covestro AG., Celanese Corporation, Teijin Limited, Toray Industries, Inc., and SGL Carbon SE, among others.

Analyst Review

The global Carbon Fibre Reinforced Thermoplastic (CFRTP) composites market was driven by the growing uses in sectors, such as automobiles and aerospace, in the historical period. Aided by the increase in consumer awareness towards pollution free and efficient vehicles and increasing demand for lightweight automotive material, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.2%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different types of products are continuous carbon fibre, long carbon fibre, and short carbon fibre. Based on resin type, the market is divided into polyetheretherketone (PEEK), polyamide (PA), polycarbonate (PC), and polyphenylene sulfide (PPS). The major applications are aerospace, automotive, and consumer durables, among others. The major regional markets for Carbon Fibre Reinforced Thermoplastic (CFRTP) composites are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Covestro AG., Celanese Corporation, Teijin Limited, Toray Industries, Inc., and SGL Carbon SE, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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