New Analysis from Global Industry Analysts Reveals Steady Growth for Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP), with the Market to Reach $1.4 Billion Worldwide by 2026

SAN FRANCISCO , June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 9; Released: January 2022
Executive Pool: 396
Companies: 46 - Players covered include Aerosud; Celanese Corporation; Covestro AG; PlastiComp, Inc.; PolyOne Corporation; Royal Ten Cate NV; SGL Group; Solvay SA; Teijin Ltd.; Toray Industries, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Aerospace, Automotive, Consumer Durables); Product Type (Continuous Carbon Fiber, Long Carbon Fiber, Short Carbon Fiber)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) Market to Reach $1.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) estimated at US$919.3 Million, is projected to reach a revised size of US$1.4 Billion by 2026, growing at a CAGR of 7.5% over the analysis period. Continuous Carbon Fiber, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$743.3 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Long Carbon Fiber segment is readjusted to a revised 7.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $268.5 Million in 2021, While China is Forecast to Reach $311.1 Million by 2026
The Continuous Fiber-Reinforced Thermoplastic Composites (CFRTP) market in the U.S. is estimated at US$268.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$311.1 Million by the year 2026 trailing a CAGR of 11.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Short Carbon Fiber Segment to Reach US$238.4 Million by the year 2026
In the global Short Carbon Fiber segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$128.9 Million will reach a projected size of US$181.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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