Dublin, Jan. 04, 2016 (GLOBE NEWSWIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/xst5wn/growth ) has announced the addition of the "Growth Opportunities in Continuous Fiber Thermoplastics Market 2015-2020: Trends, Forecasts and Opportunity Analysis" report to their offering. The global continuous fiber thermoplastics market is forecast to grow at a CAGR of 6.9% from 2015 to 2020
The major driver of growth for this market is increasing level of penetration in aerospace and automotive industries, largely to address the increasing requirement of lightweight, recyclable, and environment friendly products. Within the CFT market, the aerospace industry is expected to remain as the largest market by value and transportation industry by volume. The development of advanced aircraft models and new applications in the aerospace and automotive industry are expected to spur growth for these segments over the forecast period. North America is expected to remain the largest market shipment due to growth in demand from aerospace and automotive industries. Asia Pacific & Rest of the World is expected to witness significant growth over the forecast period because of increasing penetration of CFT in sporting goods, automotive, and industrial goods industries. For market expansion, this report suggests innovation and new product development to achieve higher stiffness and strength, where the unique characteristics of CFT can be capitalized. The report further suggests the collaboration with customers to create win-win situations and development of high performance products for the end users. Emerging trends in the global CFT market, which have a direct impact on the dynamics of the industry, include the development of new applications and collaboration of players in different nodes of industry. The study includes a forecast of the global CFT market through 2020, segmented by end use application, fiber type, resin type, material form, use temperature, and region as follows: By end-use application [Volume (M lbs) and $M shipment analysis for 2009 - 2020]: - Transportation - Sporting Goods - Industrial - Aerospace - Ballistics - Others By type of fiber (volume (Mil lbs) and value $M from 2009 - 2020): - Glass Fiber - Carbon Fiber - Others By resin type (volume (M lbs) and value $M from 2009 - 2020): - PP - PEEK - PPS - PA - PEI - PEKK - Others By material form (volume (M lbs) and value $M from 2009 - 2020): - Prepeg (Unidirectional) - Prepeg( Fabric) - Commingled Fiber and Fabric - Other Pultruded Laminate By temperature (volume (M lbs) and value $M from 2009 - 2020): - High Temperature - Low Temperature Companies Mentioned - Cytec - Fiber Glass Industries - LANXESS - Owens Corning - Polystrand - Tencate For more information visit http://www.researchandmarkets.com/research/xst5wn/growth
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