Global Carbon Thermoplastics Market Size & Analysis - By Resin Type (Polyamide (PA), Polypropylene (PP), Polyphenylene Sulfide (PPS), Polyetherimide (PEI), Polyether Ether Ketone (PEEK), Polycarbonate (PC)), By Manufacturing Process (Molding, Vacuum Bagging, Compression Molding, Filament Winding), By Type (Sheets, Round Bars, Blocks, Pipes, Others), By End Use Industry (Aerospace, Automotive, Electrical & Electronics, Sporting Equipment Manufacturing, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), Market Share Analysis, End-use landscape; Vendor Landscape and Competitive Landscape - Forecasts to 2026
Global Carbon Thermoplastics Market Insights:
The global carbon thermoplastics market is estimated to generate revenue of USD 4186.88 million in 2019 and is projected to reach USD 8580.26 million by 2026. Growing adoption of carbon thermoplastics in automotive industry is driving the market growth for carbon thermoplastics. Growing demand for light weight thermoplastics across end use industries such automotive, aerospace and consumer electronics is expected to propel the market growth during the forecast period. The market is segmented on the basis of resin type, manufacturing process, type, and end user industry.
Thermoplastic are semi-finished material that are ideally used to produce composite materials in processes within short time. The carbon fiber is combined with one or two polymers or resins to form a unique product which will be used in the production of strong and light weighted parts especially in automotive sectors. These thermoplastic materials are applied for designing the exterior and interior parts of the car. The carbon fiber reinforced polymer will help in producing material that are light weighted and as a result these materials are extensively been used in aerospace and automobile industry. The carbon thermoplastic will help in increasing the resistant to deformation and crack propagation. The carbon thermoplastic material will help increasing the load capacity which help in increase the fuel efficiency. It also helps in reduce vibrations and sound in automotive vehicles.
Carbon thermoplastics offer multiple advantages over regular thermoplastics such as light weightiness, non-corrosiveness and higher fuel efficiency among others. They offer many advantages such as high strength-to-weight ratio, excellent load carrying ability, low coefficient of thermal expansion and resistant to deformation and crack, along with multifunctional capabilities the carbon thermoplastic composites are used in many end-use industries such as automotive, aerospace, wind turbines, and sports equipment among others.
Carbon thermoplastics are used for manufacturing different parts in the automotive industry such as body, hood, roof, door, fenders, front-end, deck lid, seating, dashboard, suspensions, and wheels, among others.
Global Carbon Thermoplastics Market Segmentation Insights:
On the basis of resin type, the global carbon thermoplastics market is segmented into polyamide (PA), polypropylene (PP), polyphenylene sulfide (PPS), polyetherimide (PEI), polyether ether ketone (PEEK), and polycarbonate (PC), among others. The polypropylene segment was estimated to hold the largest market share in 2019.
On the basis of manufacturing process, the market is segmented into molding, vacuum bagging, compression molding, and filament winding. The vacuum bagging segment was estimated to hold the largest market share in 2019, and is projected to grow at the highest CAGR of 11.87% during the coming years.
On the basis of type, the market is segmented into sheets, round bars, blocks, and pipes, among others. The sheets segment was estimated to hold the largest market share in 2019, and is projected to grow at the highest CAGR of 11.75% during the coming years.
The global carbon thermoplastics market is segmented on the basis of end user into automotive, aerospace, electric & electronics and sports equipment among others. The aerospace segment was estimated to hold the largest market share in terms of revenue during the forecast period. However, the automotive segment is projected to grow at the highest CAGR% from 2019 to 2026.
Global Carbon Thermoplastics Market - Regional Insights:
The Asia Pacific carbon thermoplastics market is expected to dominate the global market. The Asia Pacific region is projected to grow at the highest CAGR of 11.86% during the forecast period.
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The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Carbon Thermoplastics Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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