Global carbon fiber reinforced thermoplastic composites market value 2014-2025
The global market for carbon fiber reinforced thermoplastic (CFRTP) composites had a value of some 2.75 billion U.S. dollars in 2015. It is forecast to increase to some 7.76 billion U.S. dollars by 2025. CFRTP composites have important applications in the automotive and aerospace sectors because these materials have a lower weight and strong impact strength, among other desirable traits.