Lucintel Forecasts Continuous Fiber Thermoplastics Market to Grow at a CAGR of 0.6%.

According to the recent study the continuous fiber thermoplastics market is projected to grow at a CAGR of 0.6% from 2020 to 2025. Growth in this market is primarily driven by growing demand for continuous fiber reinforced thermoplastic composites in different end use industries due to its higher performance, lightweight, and recyclability.

Browse 131 figures / charts and 96 tables in this 259 -page report to understand trends, opportunities and forecast in continuous fiber thermoplastics market by end use industry (transportation, sporting goods, industrial, aerospace & defense, and others), by material form (UD tapes, prepreg (fabric), commingled fiber and fabric, by reinforcement (glass, carbon, and others), by use temperature (high temperature, and low temperature), by resin type (PP, PEEK, PPS, PA, PEI, PEKK, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“UD tape market is expected to remain the largest segment during the forecast period.”

Based on material form, the continuous fiber thermoplastics market is segmented into end use industry, material form, use temperature, reinforcement, and resin type. Lucintel forecasts that the UD tape market is expected to remain the largest material form and witness the highest growth over the forecast period supported by the replacement of traditional materials.

“Within the continuous fiber thermoplastics market, the aerospace and defense segment is expected to remain the largest end use industry”

Based on end use industry, the aerospace and defense segment is expected to witness the largest end use market. The transportation segment is expected to witness the highest growth over the forecast period supported by increasing demand for lightweight composites which are remoldable, reusable, and recyclable.

 “North America will dominate the continuous fiber thermoplastics market in near future”

North America is expected to remain the largest region due to presence of leading part fabricators and is also expected to witness the highest growth over the forecast period because of rising penetration of continuous fiber thermoplastic composites in major end use industries.

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Major players of continuous fiber thermoplastics market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. TenCate, Cytec Solvay Group, Lanxess, QIYI Technology, PolyStrand, AXIA Materials, Kingfa, and Celanese and others are among the major continuous fiber thermoplastics providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/continuous-fiber-thermoplastic-market.aspx or helpdesk@lucintel.com