The global carbon thermoplastic composites market size is anticipated to reach USD 10.21 billion by 2030 and is projected to grow at a CAGR of 6.6% during the forecast period. 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 grow lucratively over the forecast period 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.
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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 grow lucratively over the forecast period 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.
Carbon Thermoplastic Composites Market Report Highlights
- The pitch segment is expected to experience significant growth over the forecast period. Carbon fibers based on the pitch have higher parameters of mechanical properties compared to other types of carbon fibers.
- The aerospace & defense segment dominated the market with a revenue share of 59.6% in 2023. The aerospace & defense industry needs parts that are strong and resistant to fire. These performance criteria are easily met for CFRTP composites because of the strength-to-weight ratios and durability offered by these composites.
- North America carbon thermoplastic composites market is expected to grow lucratively over the forecast period, fueled by strict regulations in the region regarding fuel efficiency and emission control.Key companies in this market include Toray Industries, Inc., SGL Group, Hexcel Corporation, Teijin Limited, Mitsubishi Rayon Co., Ltd., BASF SE, etc.
The leading players in the Carbon Thermoplastic Composites market include:
- DowAksa
- Solvay
- Toray Industries, Inc.
- SGL Carbon
- Hexcel Corporation
- Teijin Limited
- Mitsubishi Chemical Corporation
- Gurit Holding AG
- Plasan Carbon Composites
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Carbon Thermoplastic Composites Market Variables, Trends, & Scope
Chapter 4. Carbon Thermoplastic Composites Market: Raw Material Estimates & Trend Analysis
Chapter 5. Carbon Thermoplastic Composites Market: Application Estimates & Trend Analysis
Chapter 6. Carbon Thermoplastic Composites Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Carbon Thermoplastic Composites market include:- DowAksa
- Solvay
- Toray Industries, Inc.
- SGL Carbon
- Hexcel Corporation
- Teijin Limited
- Mitsubishi Chemical Corporation
- Gurit Holding AG
- Plasan Carbon Composites
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 6.22 Billion |
| Forecasted Market Value ( USD | $ 10.21 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
