17th February 2020 – The Carbon
Fiber Reinforced Plastic (CFRP) Market report provides in-depth
analysis and insights into developments impacting businesses and enterprises on
global and regional level. The study covers the global Carbon Fiber Reinforced
Plastic (CFRP) Market presentation regarding revenue contribution from multiple
segments and covers a comprehensive analysis of key market trends, drivers,
restraints, and opportunities influencing revenue growth of the industry. This
research report studies the market size, industry status and forecast,
competition landscape and growth opportunities.
Global Carbon Fiber Reinforced Plastic
(CFRP) Market is anticipated to witness an exponential growth in the forecast
period. Carbon fiber reinforced plastic, also known as “Carbon Fiber Reinforced
Polymer” or “Carbon Fiber Reinforced Thermoplastic” (CFRTP, CRP, CFRP carbon
composite), is an extremely light and strong fiber-reinforced plastic
containing carbon fibers.
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The factors that propel the growth of
the carbon fiber reinforced plastic market include rise in demand for
high-performance products in aerospace & defense, surge in demand for
lightweight products in the automotive industry, developing infrastructure
prospects, and rapid industrialization. On the other hand, there are factors
that may hamper the growth of the market including long production cycles,
volatile costs, and low availability of raw material. Carbon fiber reinforced
plastic (CFRP) industry is anticipated to grow at a significant CAGR in the
upcoming period as the scope, product types, and its applications are
increasing across the globe.
The key applications that could be
explored in the carbon fiber reinforced plastic (CFRP) industry include Wind
Turbines, Molding Compounds, Aerospace & Defense, Automotive, Building
& Construction, Sports Equipment, and Others. The “Aerospace & Defense”
segment led the market carbon fiber reinforced plastic (CFRP) in 2016 and is
anticipated to maintain its dominance by 2025. The key factor that may be
attributed to the growth of market includes increasing demand for composites in
the production of aircraft components.
Some of the major objectives of this
report:
·
To present detailed analysis of
the market structure along with forecast of the various segments and sub-segments
of global Carbon Fiber Reinforced Plastic (CFRP) Market.
·
To provide insights about
factors affecting the market growth. To analyze the Carbon Fiber Reinforced
Plastic (CFRP) Market based on various factors- price analysis, supply chain
analysis, porter five force analysis etc.
·
To provide historical and
forecast revenue of the Carbon Fiber Reinforced Plastic (CFRP) Market segments
and sub-segments with respect to four main geographies and their countries-
North America, Europe, Asia, and Rest of the World.
·
To provide country level
analysis of the market for segment by application, product type and
sub-segments.
·
Trace and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product evolutions, and research and developments in the
Market.
·
To present strategic profiling
of key players in the market, comprehensively analyzing their basic
capabilities.
Some
of the Major Market Players Are:
DowAksa Advanced Composites Holdings
B.V., Cytec Industries Inc., Formosa Plastics Corporation, Jiangsu Heng hen
Fabre Material Co., Ltd., Hexcel Corporation, Mitsubishi Rayon Co., Ltd, Teijin
Limited., SGL Carbon SE, ZhongfuShenying Carbon Fiber Co., Ltd., and Toray
Industries, Inc.
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