PlasticsEdge™ Lead Generation Program: Call 978-342-9000 for details or email [email protected]

According to the latest market report published by Lucintel, the future of the global continuous fiber thermoplastics (CFT) market looks promising with opportunities in transportation, aerospace and defense, industrial, and sporting goods. The global CFT market is expected to grow at a compound annual growth rate of 9.5% from 2017 to 2022. The major driver for the growth of this market is reported to be “growing demand for thermoplastic composites in different end use industries due to its higher performance and environmental benefits,” according to the report. The transportation, and aerospace and defense segments are expected to show above average growth during the forecast period.

Within the global CFT market, the aerospace and defense segment is expected to remain the largest market by value while the transportation segment will be the greatest by volume. Expected growth in the development and production of advanced aircraft models, increasing use of lightweight composites in new aircraft programs, such as the Boeing 787 and the Airbus A350, and growing use of lightweight materials in the transportation industry are the major driving forces that spur growth for these segments.

plastics daily news

Related Posts

BYK to Invest $50 Million to Expand Gonzales, TX Facility

BYK Additives & Instruments, one of the world’s leading suppliers in the field of additives and measuring instruments and a member of the ALTANA

Read More

Ampacet Invests in New Masterbatch Production Lines in Europe

Ampacet, the leading Masterbatch producer of colors, special effects and functional additives, is proud to announce its investment in new

Read More

Ford and Zotye Sign Definitive JV Agreement in China

Ford and Zotye signed a definitive joint venture agreement to establish Zotye Ford Automobile Co. Ltd., a new 50:50 joint venture that will

Read More

Sika Offers Polymer Fibers for Concrete

Sika Deutschland GmbH (Bad Urach, Germany) has started producing high-performance concrete reinforcing fibers for clients in the

Read More

Lorax Compliance Speaks for the Companies Wrestling With Environmental Regulations

Who’s responsible for ensuring that beverage bottles get recycled? In today’s world, it’s the bottle manufacturers, brand owners and importers

Read More

New Value-Priced Injection Molding Machines Introduced

Cincinnati Process Technologies (CPT), a leading supplier of machinery, parts, services and technology for the plastics molding industry, has

Read More

DSM Dyneema Demonstrates Potential to Turn Used Soft Armor Vests Into Usable new Products

Continuing its ‘Greenest Strength’ mission, DSM Dyneema provides an example of a creative way to re-use material from out-ofservice soft armor

Read More

Second Call for Composites Feasibility Studies

The Engineering and Physical Sciences Research Council EPSRC Future Composites Manufacturing Research Hub, in the UK, has released

Read More

Challenges and Opportunities in Release-Liner Market for Pressure-Sensitive Labels Addressed in Annual Update

The annual industry update on release liner for pressure-sensitive (PS) labels was presented by AWA Alexander Watson Associates (Amsterdam)

Read More

PPRCE 2017: Targets and Technologies

The European Union has set high landfill diversion target levels for its member states at the same time China is closing the door on mixed scrap

Read More