Market Size of Carbon Fiber Reinforced Thermoplastic (CFRTP) Composite Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Carbon Fiber Reinforced Thermoplastic Composite Market Analysis
The global carbon fiber reinforced thermoplastic composite market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing demand from construction sector. However, lack of availability and volatility of raw materials are likely to hinder the growth of the market studied.
- The innovation of floating wind turbine is expected to provide a major growth opportunity for the market studied.
- North America accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the raw materials, polyacrylonitrile accounted for the highest market and is expected to dominate the market studied over the forecast period.
