Growth Opportunities in the Global Continuous Fiber Thermoplastic (CFT) Market, Forecast to 2023

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Dublin, Feb. 11, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The global CFT market is expected to grow with a CAGR of 8.0% from 2018 to 2023.The future of the global continuous fiber thermoplastics (CFT) market looks promising with opportunities in the transportation, aerospace & defense, industrial and sporting goods industries. The major growth driver for this market is growing demand for continuous fiber reinforced thermoplastic composites in different end use industries due to its higher performance, lightweight, and recyclability.In this market, CFT is available in prepreg as well as commingled fiber/fabric. Prepregs are reinforcement materials available in unidirectional, woven, and laminate forms usedin the various end use industries.The researcher forecasts that UD tape 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 global CFT market, the aerospace & defense segment is expected to remain 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 is expected to remain the largest region due to presence of leading part fabricators. North America 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. Some of the CFT companies profiled in this report include TenCate, Cytec Solvay Group, Lanxess, QIYI Technology, PolyStrand, AXIA Materials, Kingfa, and Celanese and others.

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Globe Newswire: 17:03 GMT Monday 11th February 2019

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