Global Continuous Fiber Thermoplastic (CFT) Market: An Overview     

Fiber thermoplastics are driven high performance fibers, which are essentially composite materials like carbon fiber and glass fiber. During later processing, these are melted and compressed through molding processes. The global continuous fiber thermoplastic (CFT) market is experiencing a robust growth due to product properties such as good electrical conductivity.

Additionally, fiber thermoplastics also offer low moisture absorption, high strength, and low coefficient thermal expansion. Furthermore, products in the continuous fiber thermoplastic (CFT) market products also offer chemical stability and high impact strength. These products are also used in a wide industrial applications due to their lightweight and recyclable nature. As a rule of thumb, these products are 20 to 40 percent lighter than aluminum and steel. Hence, the the global continuous fiber thermoplastic (CFT) market is experiencing a rising demand from the electronics industry, automobile, aerospace and defense, and consumer goods.

The demand for products in the global continuous fiber thermoplastic (CFT) market is expected to register a steady growth as these do not emit volatile compounds and are considered acceptable solvents. However, due to lack of dynamic mechanisms to reduce their end-waste, these products can still pose danger to the environment.  

Global Continuous Fiber Thermoplastic (CFT) Market: Notable Developments

  • Nasa’s Glenn research center in Cleveland has engineered a self-healing composite. This discovery is in the process of being patented and it opens up licensing opportunities for industries through NASA’s technology transfer programs. NASA researchers have enhanced the properties of SiC/SiC composites. The engineered matrix converts low-viscosity oxides to extend the life of material by filling the gaps. These materials can replace super alloys, currently nickel-based with high-stress, and high-temperature applications. Their application can include nuclear reactors, heat exchangers, aircraft turbines, and power generation equipment.
  • AREVO, a 3D printing startup has tied up with Franco bicycles for manufacturing fiber composite made bicycle frames. Traditionally, bike frames consisted of over 20 different parts combined together. However, this collaboration promises to produce a single-framed body, using 3D printing technology. This development is a notable trend in the continuous fiber thermoplastic (CFT) market. 3 printing technology promises several advancements with the advent of nanomaterials. 3D printing promises to reduce costs, increase production speeds, and provide better quality products.

Global Continuous Fiber Thermoplastic (CFT) Market: Key Trends             

Lightweight and Fuel-Efficient Vehicles to Drive Growth

Rising environmental concerns such as global warming are forcing governments to enact tougher legislations to reduce pollution. Currently, passenger vehicles are responsible for nearly 12% vehicle emissions in Europe. The growing emissions of carbon dioxide are expected to create new opportunities for growth in the continuous fiber thermoplastic (CFT) market.

Fiber thermoplastic make way for lighter and stronger materials. Hence, they meet the core need of creating lightweight and sturdy builds which are important for reducing fuel-emission and durable vehicles, respectively. Additionally, the European Union has raised the bar for fuel-efficiency with new targets in 2021 for the auto industry. The advent of 3D printing technology and growing demand for vehicles due to autonomous driving trends, and IoT technology can also drive growth for the global continuous fiber thermoplastic (CFT) market.  

Global Continuous Fiber Thermoplastic (CFT) Market: Regional Outlook

The continuous fiber thermoplastic (CFT) market report is divided into main regions including North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America region is expected to register the highest revenue growth in the near future. Growing research in fiber replacements, presence of a large auto industry, and recent economic recovery are expected to drive growth. On the other hand, Asia Pacific will emerge with the fastest CAGR during the forecast period. The continuous fiber thermoplastic (CFT) market in Asia Pacific is expected to expand significantly thanks to a growing auto manufacturing and research focus in China, growing per capital income, and robust new applications of fiber composites.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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