Carbon Thermoplastic Market Increasing 29.65% CAGR Sep 2016 | Page 2

Carbon Thermoplastic Market: Global Forecasts to 2021 “Carbon thermoplastics market in automotive to register a CAGR of 29.65% between 2016 and 2021” The market size of carbon thermoplastics is estimated to reach USD 549.4 million by 2021, registering a CAGR of 29.65% between 2016 and 2021. Increase in production of automobile and growing middle-class population is expected to drive the carbon thermoplastics market in the next five years. The major restraining factor of the CFRTP market is the high cost of carbon fiber compared to other fibers (glass, natural) that are used in the manufacture of various components of car. “Polyamide resin segment driving the carbon thermoplastics market” Polyamide carbon thermoplastics are the dominant segment in the overall carbon thermoplastics market, in terms of volume. Carbon fiber reinforced polyamide (CF/PA) is used in exterior and interior automotive parts such as door modules, body-in-white components, steering wheel components, seat structures, exterior mirrors, frontend grilles, and trim. © RnRMarketResearch.com ; [email protected]