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Carbon Thermoplastics Market in Automotive Worth 549.4 Million USD by 2021


News provided by

MarketsandMarkets

Sep 26, 2016, 12:30 ET

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PUNE, India, September 26, 2016 /PRNewswire/ --

The report "Carbon Thermoplastics Market in Automotive by Resin Type (PA, PPS, PP, PEI, PEEK, PC) and Application (Exterior, Interior, Chassis, Powertrain & UTH) - Global Forecast to 2021", published by MarketsandMarkets, the market size is estimated to reach USD 549.4 Million by 2021, registering a CAGR of 29.65% between 2016 and 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 66 market data Tables and 86 Figures spread through 182 Pages and in-depth TOC on "Carbon Thermoplastics (CFRTP Composites) Market"

http://www.marketsandmarkets.com/Market-Reports/carbon-thermoplastic-market-14845217.html

Early buyers will receive 10% customization on this report.

The carbon thermoplastics market in automotive is projected to register a CAGR of 29.65% between 2016 and 2021, in terms of value. Growth of the CFRTP market is driven by increase in demand for fuel efficient vehicles, CO2 and GHG emissions reduction efforts, weight reduction, parts consolidation, and energy efficiency.

Exterior Application: The most dominant application segment in the CFRTP composites market 

Use of CFRP composites is considered as one of the most effective ways of reducing vehicle weight and improving fuel economy and emissions levels. However, the relatively higher cost of the material limits its use in only a handful of high-end cars production. CFRP composites are used for body-in-white, hood, roof, doors, fenders, deck-lid/trunk-lid, and other exterior components. Despite their cost, there is little economic incentive to attempt repairs on such parts, and this is unlikely to see any decline in terms of volume.

Powertrain & UTH: The fastest-growing application segment of the CFRTP composites market 

The market for CFRTP composites in the powertrain & UTH application segment is growing faster rate than in exterior, interior, and chassis application segments, in terms of value and volume. Properties of CFRTP composite such as light weight, durability, design flexibility, and uniform surface make them ideal for use in powertrain. CFRTP have been used to reduce weight, to dampen noise and vibrations, and also to make single-piece clutch cylinders, shift control cables, air intake manifolds, engine covers, accelerator and parking brake pedals, fuel system and cooling system components, and gear-lever housing.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=14845217

Asia-Pacific to register the highest growth rate in the CFRTP Composites market 

The Asia-Pacific automotive industry is witnessing a phase of rapid transformation and growth in Carbon Thermoplastics Market, mainly driven by stable economic growth and infrastructure development. The auto components industry of the region is also developing rapidly to complement the growth of the automotive industry. Asia-Pacific is a global sourcing hub for key automotive companies. Healthy economic growth, changing consumer preferences, improvement in the standard of living, and increased spending on infrastructure in the automotive sector are expected to drive the carbon thermoplastics market.

Key market players in the carbon thermoplastics market 

The key players in this market are BASF SE (Germany), Celanese Corporation (U.S.), Cytec Solvay (U.S.), Du Pont (U.S.), Gurit Holding Ag (Switzerland), Quickstep Holdings Limited (Australia), Saudi Basic Industries Corporation (Saudi Arabia), SGL Group (Germany), Teijin Ltd (Japan), Tencate (Netherlands), the Dow Chemical Company (U.S.), and Toray Industries Inc. (Japan).

Browse Related Reports: 

Thermoplastic Composites Market by Product Type (SFRT, LFRT, GFRT, CFRT), by Fiber Type (Carbon Composite, Glass Composite, among others), by Application (Transportation, Aerospace & Defense, Electricals & Electronics, Consumer Goods, among others) and by Region - Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/thermoplastic-composite-market-111944669.html

Advanced Composites Market by Type (Carbon, S-Glass, Aramid), by Manufacturing Process, by Resin Type (Thermoplastics and Thermosetting), by Application (Aerospace & Defense, Automotive, Wind, Sporting Goods, Pipe & Tanks, Construction, Marine), and by Region Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/advanced-composites-market-3930953.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


Contact:
Mr. Rohan
Markets and Markets
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Suite 2175, Seattle
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets

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