Global market for Continuous Fiber Thermoplastics to cross US$216 mln by 2019

23-May-15

Global continuous fiber thermoplastics (CFT) market is expected to reach an estimated US$216.7 mln by 2019, as per Lucintel. CFT materials are used in a variety of markets such as aerospace, transportation, sporting goods, industrial goods, and ballistics which have been the market drivers in the recent years, helping to gain widespread acceptance in the marketplace across all regions. On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for CFT market is estimated to grow impressively in 2014-2019. Aerospace segment is expected to depict highest growth due to increasing demand of composite materials from new aircraft programs. The growth of carbon fiber based CFT is expected to remain strong over the forecast period owing to the increasing demand from aerospace industry. Major resins used in CFTs are PP, PA, PEEK, PPS, PEI and PEKK. TenCate, Cytec, Fiber Glass Industries, Polystrand, LANXESS and Celanese are among the major suppliers of CFT materials globally. CFT suppliers are continuously adopting new strategies to gain market share in this industry. Innovation would further enhance the product performance and lower the overall cost for consumers which will drive the market. The biggest challenge in the industry is relatively higher cost of CFT materials compared to competing materials. Further, CFT requires sophisticated equipment to apply higher heat and pressure for processing. Inter-material competition also has a great threat; innovations in new technology, fiber or resin formulations have the potential to change the dynamics of the market. This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.