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Carbon Fiber Reinforced Plastic Market

Market Insights on Carbon Fiber Reinforced Plastic covering sales outlook, demand forecast & up-to-date key trends

Carbon Fiber Reinforced Plastic Market: Global Industry Analysis and Opportunity Assessment 2015-2025

Carbon Fiber Reinforced Plastic Market Overview

Carbon Fiber Reinforced Plastic (CFRP) are the strong and light composite material containing carbon fiber. To manufacture carbon fiber reinforced plastic (CFRP) we first wove carbon fiber to textile material then resin is applied to the material and left to cure.

When compared with glass fiber reinforced plastic, carbon fiber reinforced plastic is expensive and have better strength and rigidity, due to which the CFRP application have extended to aerospace industry and sport equipment.

Carbon Fiber Reinforced Plastic application has been discovered in most of the manufacturing industries such as aero plane in aerospace industry, motor racing car in automobile industry, robot arms in industrial applications and bicycle frame in sport equipment.

Global Carbon Fiber Reinforced Plastic Market: Drivers & Restraints

Some of the underlying drivers for the global carbon fiber reinforced plastic market are identified as development of wind power market, deeper oil and gas exploration, urbanization trend, rapid industrialization, and developing infrastructure prospects in Asian region.

The growth of carbon fiber reinforced plastic market is expected to be in-line with development of automotive and aerospace industry. High growth potential for carbon fiber reinforced market is expected to come from Asia-Pacific and GCC region aided by the growing infrastructure in the region.

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Global Carbon Fiber Reinforced Plastic Market: Overview

Global carbon fiber reinforced market is expected to expand at CAGR in range of 8%-10% over the forecast period. Automotive industry is expected to exhibit the largest market share coupled with highest growth during the forecast period. Some of the key players in automobile industry are expanding their carbon fiber manufacturing partnership.

Global Carbon Fiber Reinforced Plastic Market: Key Players

Major players over the global carbon fiber reinforced plastic market include Mitsubishi Rayon Co. Ltd, Cytec Industries Inc., SGL Group, Inc., Toray Industries Inc., Hexcel Corp., Gurit Holdings and Magna International Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Carbon Fiber Reinforced Plastic Market: Segmentation

On the basis of raw material, the global carbon fiber reinforced plastic market is segmented as,

  • PAN Based
  • Pitch Based

On the basis of types,the global carbon fiber reinforced plastic market is segmented into:

  • Thermoplastic
  • Thermosetting

On the basis of end use industry,the global carbon fiber reinforced plastic market is segmented into:

  • Automotive
  • Wind Turbines
  • Sports
  • Construction
  • Molding & Compound
  • Aerospace
  • Others

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Carbon Fiber Reinforced Plastic Market