Carbon Fiber Reinforced Thermoplastic Composites CFRTP Market Insights Video
According to Cognitive Market Research, The Global Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market size is USD XX billion in 2023 and will expand at a CAGR of 6.00% from 2023 to 2030.
The demand for Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) s is rising due to the increase in consumer awareness towards pollution fee and efficient vehicles further fosters the demand for the light-weight vehicles which in turn increases the demand for the carbon fiber reinforced thermoplastic (CFRTP) composites in the market.
Demand for Polyacrylonitrile (PAN)-based CFRTP remains higher in the Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market.
The Automotive category held the highest Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market revenue share in 2023.
North American Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) makeup will continue to lead, whereas the Asia-Pacific Carbon Fiber Reinforced Thermoplastic Composites (CFRTP) market will experience the most substantial growth until 2030.