Lucintel anticipates that North America will be the fastest growing region in the continuous fiber thermoplastics (CFT) market

   January 14, 2019
According to a new market report published by Lucintel, 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 global CFT market is expected to grow with a CAGR of 8.0% from 2018 to 2023. 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.

Browse 96 market data tables and 131 figures spread through 259 pages and in-depth TOC on “Global Continuous Fiber Thermoplastic (CFT) Market"

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In this market, different types of CFT such as UD tapes, prepreg (fabric), commingled fiber and fabric are used as material form. Lucintel 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.

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 used in the various end use industries. TenCate, Cytec Solvay Group, Lanxess, QIYI Technology, PolyStrand, AXIA Materials, Kingfa, and Celanese and others are among the major CFT manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global CFT market by end use industry, material form, use temperature, reinforcement, resin, and region and has come up with a comprehensive research report entitled  “Growth Opportunities in the Global Continuous Fiber Thermoplastic (CFT) Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global CFT market by end use industry, material form, use temperature, reinforcement, resin, and region as follows:

By End Use Industry [Volume (M lbs.) and Value ($ Million) from 2012 to 2023]:

  • Transportation

  • Sporting Goods

  • Industrial

  • Aerospace & Defense

  • Others

By Material Form [Volume (M lbs.) and Value ($ Million) from 2012 to 2023]:

  • UD Tapes

  • Prepreg (Fabric)

  • Commingled Fiber and Fabric

  • Other – Pultruded Laminate

 By Reinforcement Type [Volume (M lbs.) and Value ($ Million) from 2012 to 2023]:

  • Carbon Fiber

  • Glass Fiber

  • Others

By Resin Type [Volume (M lbs) and Value ($ Million) from 2012 to 2023]:

  • PP

  • PA

  • PEEK

  • PEKK

  • PPS

  • PEI

  • Others

By Use Temperature [Volume (M lbs.) and Value ($ Million) from 2012 to 2023]:

  • High Temperature

  • Low Temperature 

By Region [$M shipment analysis for 2012 – 2023]:

  • North America

  • Europe

  • Asia Pacific

  • The Rest of the World

This 259-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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