Carbon thermoplastics are carbon fiber reinforced polymers with advanced material properties. It is used as a substitute of conventional materials such as fibers. It has a number of advantages such as high fracture toughness, recyclability, and remelting property. It is getting more attention from industrial sectors due to its easy processability. It combines the properties of both carbon filler and thermoplastic. Polyamide carbon thermoplastics are the most commonly used carbon thermoplastics. Carbon thermoplastics are used in various sectors such as aerospace, defense, automobile, sport, and industries.
The increased production and usage of automobiles owing to the technological advancements is the main factor that drive the global carbon thermoplastics market. The growth of polyamide resin segment is another factor which acts as a market driver of carbon thermoplastics. Carbon fiber reinforced polyamides are used in the exterior and interior parts of automotive. The disposable income and demand for luxurious automobiles are further driving the market. The market growth of carbon thermoplastics is associated with the rising demand for lightweight composite materials which are used for aerospace and defense applications. Moreover, the government policies that aim at reducing emissions from automobiles have helped in increasing the demand for lightweight carbon thermoplastics. Sports sector is another area which is associated with the carbon thermoplastics market due to increase in demand for lightweight and strong sports equipment. Demand from Asia Pacific and Middle East countries is driving the carbon thermoplastics market due to rapid industrialization. The restraining factor of the carbon thermoplastics market is the high cost of carbon fiber compared to glass or natural fibers.
Its market is segmented in terms of the type of resin used as polyamide (PA), polypropylene (PP), polyphenylene sulfide (PPS), polyetherimide (PEI), polyether ether ketone (PEEK), and polycarbonate (PC). On the basis of application, carbon thermoplastics are segmented as automobile, aviation and aerospace, defense, sports equipment, and other industries. It is mostly used in automobile sector and segmented as exterior, interior, chassis, and powertrain & under the hood (UTH).
The carbon thermoplastics market had a robust growth in 2015. It is expected to follow the same trend in the forecast period. In terms of region, the market has been segmented into Asia Pacific, North America, and Europe. In Asia Pacific, China is the major player owing to the growing manufacturing sector in the country. North America and Europe are significant players in the carbon thermoplastics market because of the rising demand from automobile, aerospace, and defense industries for advanced composite materials. Middle East and Latin America are growing dynamic markets for carbon thermoplastics due to recent technological developments in these regions.
Key players operating in the carbon thermoplastics market include .
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.