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Key Vendors of Carbon Fiber Reinforced Thermoplastic Market Study:
DowAksa (Turkey), Toray Industries (Japan), SGL Carbon (Germany), Hexcel Corporation (United States), Solvay (Belgium), Teijin Limited (Japan), Mitsubishi Chemical (Japan), Hyosung Corporation (South Korea), Plasan Carbon Composites (United States), Kringlan Composites AG (Switzerland), Formosa Plastics Corporation (Taiwan) and TenCate NV (Netherlands)
In the last few years, Global market of Carbon Fiber Reinforced Thermoplastic developed rapidly. Major factors driving the market are Growing Popularity of Carbon Fiber Reinforced Thermoplastic in Aerospace and Automotive Application Due to Low Weight and High Tensile Strength.
On the basis of product type, the Carbon Fiber Reinforced Thermoplastic market is segmented by Polyacrylonitrile (PAN)-based CFRTP and Pitch-based CFRTP.
On the basis of applications, the Carbon Fiber Reinforced Thermoplastic market is segmented by Aerospace, Automotive, Wind Turbines, Construction, Sport Goods and Others.
Latest Industry Highlights:
In May 2021, South Korea-based Hyosung Corporation announced the expansion of PAN carbon fiber production by adding a third line at its Jeon-Ju production facility in South Korea. The company has decided on this expansion to meet the demand for carbon fiber used in industrial applications such as cable core, building infrastructure, and, in particular, fuel tank cylinders for compressed natural gas (CNG) and hydrogen vehicles. With the high-strength and high-strain carbon fibers, TANSOME will play a key role in type III and type IV cylinder pressure vessels and their safe operation..
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Carbon Fiber Reinforced Thermoplastic market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Carbon Fiber Reinforced Thermoplastic market.
Identification of total players or companies operating in the global market which is further concentrated to a fewer or most impacting players which is considered under the reports scope. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Carbon Fiber Reinforced Thermoplastic Manufacturers, Suppliers and Distributors of Carbon Fiber Reinforced Thermoplastic, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What trending factors would impact Carbon Fiber Reinforced Thermoplastic Market growth most?
"High Adoption of PAN-based Carbon Fiber Reinforced Thermoplastic in Various Industries" is seen as one of major influencing trends for Carbon Fiber Reinforced Thermoplastic Market during projected period 2020-2026.2. Is Carbon Fiber Reinforced Thermoplastic Market Concentarted or Fragmented?
The Concentration Rate of Global Carbon Fiber Reinforced Thermoplastic market is highlighted using HHI Index. 3. Who will contribute highest growth to Carbon Fiber Reinforced Thermoplastic Market? Vendors will contribute the maximum growth of Global Carbon Fiber Reinforced Thermoplastic market throughout the predicted period.