Sunday, February 16, 2020

Carbon Fiber Reinforced Plastic (CFRP) Market Analysis by Application 2024


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.


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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