Lucintel predicts North America to be the fastest growing region in the global CFT market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Continuous Fiber Thermoplastics Market 2017-2022”?
This market report for Continuous Fiber Thermoplastics Market identifies and predicts future opportunities for growth in global Continuous Fiber Thermoplastics industry for various segments as well as for various regions such as North America, Europe, Asia-Pacific, and the Rest of the World. It also identifies growth opportunities continuous fiber thermoplastics in transportation, aerospace & defence, industrial and sporting goods industries.
.According to Lucintel’s market report, the global CFT market is expected to grow at a CAGR of 9.5% from 2017 to 2022. Some of the major suppliers of CFT in the global market are TenCate, Cytec Solvay Group, Lanxess, PolyStrand, AXIA Materials, QIYI Technology, and Celanese.
There are some interesting developments in global CFT market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include increasing usage of thermoplastic composites in different end-use industries due to its higher performance and environmental benefits.In this market, transportation, aerospace & defence, industrial, and sporting goods are the major end-use industries. On the basis of comprehensive research, Lucintel forecasts that the transportation and aerospace & defence segments are expected to show above average growth during the forecast period.
Europe is expected to remain the largest market for CFT due to growing demand for high performance, lightweight, and environmentally sustainable thermoplastic composites in different end-use industries.
North America is expected to witness the highest growth rate during the forecast period due to the expected increase in production of advanced aircraft models, growing vehicle production and an increasing focus on lightweight composite materials.
Feel free to download research content by clicking:

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