What is Global Carbon Thermoplastic Composite Market?
The Global Carbon Thermoplastic Composite Market is a dynamic and rapidly evolving sector that has gained significant traction in recent years. This market revolves around the production and distribution of carbon thermoplastic composites, which are high-performance materials that combine the strength of carbon fiber with the flexibility and ease of processing of thermoplastics. These composites are lightweight, durable, and have excellent thermal and electrical conductivity, making them ideal for a wide range of applications. The market's growth is driven by increasing demand from various industries, including automotive, aerospace, and electronics, among others. The market is also influenced by technological advancements, environmental concerns, and the ongoing shift towards sustainable and efficient materials.
Polyacrylonitrile, Asphalt in the Global Carbon Thermoplastic Composite Market:
Polyacrylonitrile and asphalt-based carbon thermoplastic composites are two key products in the Global Carbon Thermoplastic Composite Market. Polyacrylonitrile (PAN) is a synthetic resin that is used as a precursor in the production of carbon fiber. It is preferred due to its high carbon yield, excellent thermal stability, and superior mechanical properties. On the other hand, asphalt-based carbon thermoplastic composites are derived from petroleum asphalt. They are known for their high thermal conductivity, excellent electrical insulation, and good mechanical strength. These properties make them suitable for various applications, including road construction, roofing, and waterproofing. The market for these products is influenced by factors such as raw material availability, production costs, and regulatory policies, among others.
Automotive, Appliances and Electronics, Aerospace and Defense, Building, Sports Leisure, Electricity, Others in the Global Carbon Thermoplastic Composite Market:
The Global Carbon Thermoplastic Composite Market finds extensive usage in various sectors. In the automotive industry, these composites are used to manufacture lightweight and fuel-efficient vehicles. They are also used in the production of appliances and electronic devices due to their excellent electrical conductivity and thermal stability. In the aerospace and defense sector, carbon thermoplastic composites are used to build aircraft and military equipment that are lightweight, durable, and resistant to harsh environmental conditions. In the building sector, these composites are used in the construction of energy-efficient buildings. They are also used in the production of sports and leisure equipment, electrical components, and other products. The market's growth in these areas is driven by factors such as technological advancements, increasing consumer demand, and the ongoing shift towards sustainable and efficient materials.
Global Carbon Thermoplastic Composite Market Outlook:
The Global Carbon Thermoplastic Composite Market has shown promising growth in recent years. In 2023, the market was valued at US$ 1155 million and is expected to reach US$ 2154 million by 2030, growing at a CAGR of 9.2% during the forecast period 2024-2030. The market is dominated by major manufacturers such as Toray Industries, Teijin Limited, and Mitsubishi Chemical Corporation, which collectively account for 70% of the market. Japan is the leading market, holding a share of over 73%. Polyacrylonitrile is the most common type of carbon thermoplastic composite, accounting for about 90% of the market. The most common application of these composites is in the aerospace and defense sector, which holds a share of over 23%.
| Report Metric | Details |
| Report Name | Carbon Thermoplastic Composite Market |
| Accounted market size in 2023 | US$ 1155 million |
| Forecasted market size in 2030 | US$ 2154 million |
| CAGR | 9.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Corporation, Solvay, Saertex, Avient, Covestro, Plasan Carbon Composites, Hengshen Carbon Fibre, Weihai Guangwei Composite Material, Zhongfu Shenying Carbon |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
