Market Overview:
The global carbon fiber reinforced thermoplastic resin market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for lightweight and high-performance materials in automotive, electrical appliances, sporting goods, and other applications. In terms of type, the polyacrylonitrile (PAN)-based CFRTP segment is expected to lead the global carbon fiber reinforced thermoplastic resin market during the forecast period. This can be attributed to its superior properties such as high strength-to-weight ratio and stiffness coupled with low thermal expansion coefficient. In terms of application, the automotive segment is expected to lead the global carbon fiber reinforced thermoplastic resin market during the forecast period.
Product Definition:
Carbon fiber reinforced thermoplastic resin (CFRTP) is a composite material made of a plastic matrix reinforced by carbon fibers. The plastic matrix can be any type of polymer, but typically it is thermoset resins like epoxy or polyester. The carbon fibers are usually in the form of tow, which is a bundle of filaments about 0.008 inches in diameter.
Polyacrylonitrile (PAN)-based CFRTP:
Polyacrylonitrile (PAN) is a polymer with acrylonitrile and non-Acrylonitrile (NAN) as its major raw materials. It has superior properties such as high thermal stability, excellent chemical resistance, low water absorption rate and glass transition temperature, high tensile strength and flexural modulus among others.
Pitch-based CFRTP:
Pitch-based CFRTP (Carbon Fiber Reinforced Thermoplastic Resin) is a process of manufacturing thermoplastic composite material, which consists of carbon fiber and thermoplastic resin. The basic raw materials used in the production include polyacrylonitrile (PAN), phenolic impregnation compound, and pitch.
The global Pitch-based CFRTP market size was valued at USD 3.6 million in 2016.
Application Insights:
Automotives was the dominant application segment and accounted for a revenue share of more than 30.0% in 2017. Automotive is one of the fastest growing end-use industries for carbon fiber reinforced thermoset resins owing to its lightweight properties, which enhance fuel efficiency and reduce CO2 emissions. The automotive industry globally has been witnessing significant growth on account of increasing demand for electric vehicles, which are majorly manufactured using carbon fiber composites.
Carbon fiber reinforced thermoplastic resins have excellent mechanical strength and stiffness properties, along with high thermal stability that enables them to be used in various automotive components including engine block, transmission case, hoods & lids as well as body panels among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising automotive production and investments in construction & infrastructure. China, India, Japan, South Korea are some of the major countries that contribute toward regional growth.
The Asia Pacific was followed by North America which accounted for a revenue share of 22% in 2017 owing to increasing demand from end-use industries such as electrical appliances and sporting goods along with growing consumer disposable income levels. Automotive industry also plays an important role in driving product demand due to high sales volumes annually; therefore strengthening this sector would benefit carbon fiber reinforced thermoplastic resin manufacturers across the globe.
Europe is anticipated to witness steady growth over the forecast period owing to rapid development witnessed within several key economies such as Germany, France Italy Russia Spain Ural Turkey Poland Ukraine etc.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Rising awareness about the benefits of CFRTP over traditional materials such as aluminum and steel
- Growing demand for sustainable and environment-friendly products
- Technological advancements in manufacturing processes of CFRTP resins
- Rising investments by key players in research & development to develop new applications for CFRTP
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbon Fiber Reinforced Thermoplastic Resin Market Research Report
By Type
Polyacrylonitrile (PAN)-based CFRTP, Pitch-based CFRTP
By Application
Automotives, Electrical Appliances, Sporting Goods, Other Application
By Companies
Mitsubishi Rayon, SGL, Solvay, Jilin Shenzhou Carbon Fiber, Fangda Group, Teijin Carbon, Hexcel, RTP
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Carbon Fiber Reinforced Thermoplastic Resin Market Report Segments:
The global Carbon Fiber Reinforced Thermoplastic Resin market is segmented on the basis of:
Types
Polyacrylonitrile (PAN)-based CFRTP, Pitch-based CFRTP
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotives, Electrical Appliances, Sporting Goods, Other Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Rayon
- SGL
- Solvay
- Jilin Shenzhou Carbon Fiber
- Fangda Group
- Teijin Carbon
- Hexcel
- RTP
Highlights of The Carbon Fiber Reinforced Thermoplastic Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyacrylonitrile (PAN)-based CFRTP
- Pitch-based CFRTP
- By Application:
- Automotives
- Electrical Appliances
- Sporting Goods
- Other Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carbon Fiber Reinforced Thermoplastic Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carbon fiber reinforced thermoplastic resin is a composite material made of carbon fiber and a thermoplastic resin. The carbon fiber provides strength and durability, while the thermoplastic resin helps to improve flexibility, toughness, and resistance to heat and weathering.
Some of the key players operating in the carbon fiber reinforced thermoplastic resin market are Mitsubishi Rayon, SGL, Solvay, Jilin Shenzhou Carbon Fiber, Fangda Group, Teijin Carbon, Hexcel, RTP.
The carbon fiber reinforced thermoplastic resin market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carbon Fiber Reinforced Thermoplastic Resin Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carbon Fiber Reinforced Thermoplastic Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carbon Fiber Reinforced Thermoplastic Resin Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carbon Fiber Reinforced Thermoplastic Resin Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carbon Fiber Reinforced Thermoplastic Resin Market Size & Forecast, 2018-2028
4.5.1 Carbon Fiber Reinforced Thermoplastic Resin Market Size and Y-o-Y Growth
4.5.2 Carbon Fiber Reinforced Thermoplastic Resin Market Absolute $ Opportunity
Chapter 5 Global Carbon Fiber Reinforced Thermoplastic Resin Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Type
5.2.1 Polyacrylonitrile (PAN)-based CFRTP
5.2.2 Pitch-based CFRTP
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Carbon Fiber Reinforced Thermoplastic Resin Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Applications
6.2.1 Automotives
6.2.2 Electrical Appliances
6.2.3 Sporting Goods
6.2.4 Other Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carbon Fiber Reinforced Thermoplastic Resin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Carbon Fiber Reinforced Thermoplastic Resin Analysis and Forecast
9.1 Introduction
9.2 North America Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Type
9.6.1 Polyacrylonitrile (PAN)-based CFRTP
9.6.2 Pitch-based CFRTP
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Applications
9.10.1 Automotives
9.10.2 Electrical Appliances
9.10.3 Sporting Goods
9.10.4 Other Application
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Carbon Fiber Reinforced Thermoplastic Resin Analysis and Forecast
10.1 Introduction
10.2 Europe Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Type
10.6.1 Polyacrylonitrile (PAN)-based CFRTP
10.6.2 Pitch-based CFRTP
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Applications
10.10.1 Automotives
10.10.2 Electrical Appliances
10.10.3 Sporting Goods
10.10.4 Other Application
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Carbon Fiber Reinforced Thermoplastic Resin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Type
11.6.1 Polyacrylonitrile (PAN)-based CFRTP
11.6.2 Pitch-based CFRTP
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Applications
11.10.1 Automotives
11.10.2 Electrical Appliances
11.10.3 Sporting Goods
11.10.4 Other Application
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Carbon Fiber Reinforced Thermoplastic Resin Analysis and Forecast
12.1 Introduction
12.2 Latin America Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Type
12.6.1 Polyacrylonitrile (PAN)-based CFRTP
12.6.2 Pitch-based CFRTP
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Applications
12.10.1 Automotives
12.10.2 Electrical Appliances
12.10.3 Sporting Goods
12.10.4 Other Application
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Carbon Fiber Reinforced Thermoplastic Resin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Type
13.6.1 Polyacrylonitrile (PAN)-based CFRTP
13.6.2 Pitch-based CFRTP
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Carbon Fiber Reinforced Thermoplastic Resin Market Size Forecast by Applications
13.10.1 Automotives
13.10.2 Electrical Appliances
13.10.3 Sporting Goods
13.10.4 Other Application
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carbon Fiber Reinforced Thermoplastic Resin Market: Competitive Dashboard
14.2 Global Carbon Fiber Reinforced Thermoplastic Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Rayon
14.3.2 SGL
14.3.3 Solvay
14.3.4 Jilin Shenzhou Carbon Fiber
14.3.5 Fangda Group
14.3.6 Teijin Carbon
14.3.7 Hexcel
14.3.8 RTP
