Continuous Fiber Reinforced Thermoplastic Market was valued at USD 1.50 Billion in 2022 and is projected to reach USD 3.20 Billion by 2030, growing at a CAGR of 10.50% from 2024 to 2030.
Looking ahead to the period between 2023 and 2033, the demand for continuous fiber reinforced thermoplastics is projected to increase, driven by advances in materials science, manufacturing techniques, and further integration of automation technologies. This decade is expected to witness a surge in demand due to the growing adoption of these composites across emerging sectors like renewable energy, electronics, and sporting goods. Their high strength-to-weight ratio, coupled with increased environmental concerns, is expected to further propel their use in various high-performance applications.
Moreover, advancements in the production of thermoplastic composites will likely reduce manufacturing costs and enhance material properties, making them even more appealing for a wider range of industries. As automotive manufacturers continue to focus on electric vehicles (EVs), the need for lightweight materials that improve battery efficiency and reduce overall vehicle weight will play a crucial role in driving demand for continuous fiber reinforced thermoplastics.
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The continuous fiber reinforced thermoplastic market has witnessed significant developments between 2018 and 2022, driven by growing demand across industries such as automotive, aerospace, and consumer goods. The rising emphasis on lightweight, high-strength materials for improving performance and fuel efficiency in vehicles has been a major factor fueling market growth during this period. Additionally, increasing demand for sustainable solutions has led to more adoption of thermoplastic composites due to their recyclability, contributing to the market's expansion.
During this period, automotive manufacturers prioritized continuous fiber reinforced thermoplastics for use in body panels, structural components, and interior parts to reduce weight without compromising strength. Aerospace companies have also seen the potential of these materials in creating lightweight and durable aircraft parts. In terms of market value, the industry saw a steady rise, with key players focusing on innovations in production technologies, such as injection molding and 3D printing, to enhance the performance and cost-effectiveness of thermoplastic composites.
Lanxess
TenCate
Celanese
Polystrand
AXIA Materials
US Liner
Aonix
Lingol
Ningbo Huaye Material
QIYI Tech
Zhejiang Double Fish Plastics
Guangzhou Kingfa Carbon Fiber
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Continuous Fiber Reinforced Thermoplastic Market
Automotive
Aerospace
Electronics
Sporting Goods
Others
Based on Types the Market is categorized into Below types that held the largest Continuous Fiber Reinforced Thermoplastic market share In 2023.
Carbon Fiber Type
Glass Fiber Type
Aramid Fiber Type
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Continuous Fiber Reinforced Thermoplastic Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Continuous Fiber Reinforced Thermoplastic Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Continuous Fiber Reinforced Thermoplastic Market, By Type
6. Global Continuous Fiber Reinforced Thermoplastic Market, By Application
7. Global Continuous Fiber Reinforced Thermoplastic Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Continuous Fiber Reinforced Thermoplastic Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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