Global Carbon Fiber Reinforced Thermoplastic Composites Market
Carbon Fiber Reinforced Thermoplastic Composites Market Size And Forecast
According to Verified Market Research, Global Carbon Fiber Reinforced Thermoplastic Composites Market was valued at USD 3.61 Billion in 2018 and is projected to reach USD 7.66 Billion by 2026, growing at a CAGR of 10.2% from 2019 to 2026.
Global Carbon Fiber Reinforced Thermoplastic Composites Market Outlook
The increasing awareness among the consumers about the pollution-free vehicle coupled with the stringent environmental regulation is fueling the demand for the market. The rise in the demand for lightweight materials from the automotive industry, as the fuel efficiency of the vehicle is dependent on its weight. The increasing adoption of carbon fiber thermoplastic as an alternative for the various metals such as aluminum and steel owing to its light weightiness. These are some of the factors that are expected to fuel the growth of the market over the forecast period. However, the fluctuation in the prices of raw material and high production costs is anticipated to affect the growth of the market.
Global Carbon Fiber Reinforced Thermoplastic Composites Market Competitive Landscape
The Global Carbon Fiber Reinforced Thermoplastic Composites Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Toray Industries, Inc., SGL Group, Hexcel Corporation, Toho Tenax Co., Ltd., Mitsubishi Rayon Co., Ltd., TenCate NV, Formosa Plastics Corporation, Zoltek Companies, Inc., Kringlan Composites AG, and Cytec Solvay Group.
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