Report Code: A15509 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Continuous Fiber Thermoplastic (cft) Market
Request Now !Fiber thermoplastics are driven advanced performance fibers, which are fundamentally composite materials like carbon fiber and glass fiber. During later process, these are melted and compressed through casting processes. The global continuous fiber thermoplastic (CFT) market is experiencing a huge growth due to product properties such as good electrical conductivity.
In addition, fiber thermoplastics also provide low moisture absorption, high strength, and low coefficient thermal enlargement. Furthermore, products in the continuous fiber thermoplastic (CFT) market products also provide compound stability and high impact strength. These products are also used in a various industrial applications because of their lightweight and recyclable nature. As a rule of thumb, these products are 20 to 40 percent lighter than aluminum and steel. Thus, the global continuous fiber thermoplastic (CFT) market is seeing a rising demand from the electronics industry, automobile, aerospace and defense, and consumer goods.
COVID-19 Impact analysis
COVID-19 pandemic on a worldwide scale has pushed automakers, wind turbine manufacturers, and aircraft manufacturers to shut down their works, reducing demand for composites in 2020. The pandemic has had an adverse impact on almost every aspect of the composites industry, from product demand to workforce advancement to the deceleration or acceleration of trends that were already afoot when it struck. Customers' and their own temporary production stops, weakened production levels, and demand cut down have all had a significant affect on production processes.
Top Impacting Factors
Rising environmental issues such as global warming are pushing governments to enact tougher rules and regulations to reduce pollution. Presently, passenger vehicles are responsible for nearly 12% vehicle emissions in Europe. The growing emissions of carbon dioxide are anticipated to create new opportunities for acceleration in the continuous fiber thermoplastic (CFT) market.
Fiber thermoplastic make way for lighter and tougher materials. Thus, they meet the center need of creating lightweight and robust builds which are important for reduction of fuel-emission and durable vehicles, respectively. In addition, the European Union has raised the bar for fuel-efficiency with new mark in 2021 for the auto industry. The advent of 3D printing technology and flourishing demand for vehicles due to autonomous driving trends, and IoT technology can also thrust growth for the global continuous fiber thermoplastic (CFT) market. Â
Market Trends
Key Benefits of the Report
Questions answered in the continuous fiber thermoplastic (CFT) market Report
Continuous Fiber Thermoplastic (CFT) Market Report Highlights
Aspects | Details |
---|---|
By Material |
|
By Resin Type |
|
By End Use Industry |
|
By Region |
|
Key Market Players | Kingfa, LANXESS, Celanese, QIYI Technology, PolyStrand, BASF SE, TenCate, Cytec Solvay Group, Arkema, TORAY INDUSTRIES, INC., AXIA Materials,, Solvay |
Start reading.
This Report and over 67,132+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers