Automotive Carbon Thermoplastic Market Trends and Analysis, Growth and Forecast| MarketsandMarkets Study

The report "Automotive Carbon Thermoplastic Market (CFRTP Composites) by Resin Type (PA, PPS, PP, PEI, PEEK, PC) and Application (Exterior, Interior, Chassis, Powertrain & UTH) - Global Forecast to 2021", The market size for automotive carbon thermoplastic is estimated to reach USD 549.4 Million by 2021, registering a CAGR of 29.65% between 2016 and 2021. The growth of the CFRTP market is driven by increase in demand for fuel efficient vehicles, CO2 and GHG emissions reduction efforts, weight reduction, parts consolidation, and energy efficiency.

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Exterior Application: The most dominant application segment in the CFRTP composites market

Use of CFRP composites is considered as one of the most effective ways of reducing vehicle weight and improving fuel economy and emissions levels. However the relatively higher cost of the material limits its use in only a handful of high-end cars production. CFRP composites are used for body-in-white, hood, roof, doors, fenders, deck-lid/trunk-lid, and other exterior components. Despite their cost, there is little economic incentive to attempt repairs on such parts, and this is unlikely to see any decline in terms of volume.
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