|By PR Newswire||
|April 22, 2014 11:00 AM EDT||
IRVING, Texas, April 22, 2014 /PRNewswire-iReach/ -- Global continuous fiber thermoplastics (CFT) market is expected to reach an estimated $216.7 million by 2019. CFT materials are used in a variety of markets such as aerospace, transportation, sporting goods, industrial goods, and ballistics which have been the market drivers in the recent years, helping to gain widespread acceptance in the marketplace across all regions.
Lucintel, a leading global management consulting and market research firm, has analyzed the global continuous fiber thermoplastic market by segments and region, and has come up with comprehensive research report "Growth Opportunities in Continuous Fiber Thermoplastics Market: 2014-2019 Trends, Forecast, and Opportunity Analysis." This report provides an analysis of the global continuous fiber thermoplastics market including analysis of the market trend, competitive landscape, company profiles, mergers and acquisitions, emerging trend and key drivers of the industry growth. The study also includes forecasts for CFT materials through 2019, segmented by region and by end user segments such as aerospace, transportation, sporting goods, industrial, ballistics, and others.
On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for CFT market is estimated to grow impressively in 2014-2019. Aerospace segment is expected to depict highest growth due to increasing demand of composite materials from new aircraft programs. The growth of carbon fiber based CFT is expected to remain strong over the forecast period owing to the increasing demand from aerospace industry. Major resins used in CFTs are PP, PA, PEEK, PPS, PEI and PEKK. TenCate, Cytec, Fiber Glass Industries, Polystrand, LANXESS and Celanese are among the major suppliers of CFT materials globally. CFT suppliers are continuously adopting new strategies to gain market share in this industry. Innovation would further enhance the product performance and lower the overall cost for consumers which will drive the market.
The biggest challenge in the industry is relatively higher cost of CFT materials compared to competing materials. Further, CFT requires sophisticated equipment to apply higher heat and pressure for processing. Inter-material competition also has a great threat; innovations in new technology, fiber or resin formulations have the potential to change the dynamics of the market.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at [email protected] Lucintel provides Market Research Reports, Strategic Growth Consulting and Due Diligence services to clients around the world. To learn more, visit www.lucintel.com . You can also contact us through Live Chat in its website to answer your questions in real time.
Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, [email protected]
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