DALLAS, Feb. 13, 2019 (GLOBE NEWSWIRE) -- 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" at https://www.lucintel.com/continuous-fiber-the...arket.aspx

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.

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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.

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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 and forecasted for 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.

For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com .