The global market for carbon fiber reinforced plastic is getting momentum with growing consumption of these composites from various end-use industries such as automotive, aerospace and energy among others.
SANJOSE, United States - January 23, 2019 /MarketersMedia/ —
The latest market report issued by Credence Research, Inc. “Carbon Fiber Reinforced Plastic Market - Growth, Future Prospects, and Competitive Analysis, 2017 - 2025,” the global carbon fiber augmented plastic market was estimated at US$ 32.21 Bn in 2016 and is supposed to reach US$ 67.94 Bn by 2025, growing at a CAGR of 9.3% from 2017 to 2025.
Market Insights
The global market for carbon fiber reinforced plastic is getting momentum with growing consumption of these composites from various end-use industries such as automotive, aerospace and energy among others. Features such as high strength to weight ratio, superior performance than other materials and environment-friendly nature of CFRP composite is demanded to drive the market growth in the near future.
Browse the full Carbon Fiber Reinforced Plastic Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025 report at https://www.credenceresearch.com/report/carbon-fiber-reinforced-plastic-cfrp-market
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Government regulations are required to improve fuel efficiency in Europe, and the U.S. has forced manufacturers to focus on automotive weight reduction which has fuelled the need for CFRP composites in this region. However, its high cost has limited its penetration over various application segments. North America is the largest market in terms of CFRP consumption and is supposed to continue its dominance between 2017 and 2025; however, this region will lose its share to Europe and the Asia Pacific. Governmental regulations towards energy efficient & environmentally friendly products demanded to drive demand in the North American region. The Asia Pacific will be the fastest rising market throughout the projected period owing to increasing demand from growing economies such as China and India.
By Manufacturing Process
Prepreg Layup
Pultrusion & Winding
Wet Lamination & Infusion
Press & Injection
By Application
Aerospace
Automotive
Energy
Sports Equipment
Construction
By Region
North America
Europe
Asia Pacific
Latin America
The Middle East and Africa
Competitive Insights
Carbon fiber reinforced plastic market is oligopolistic in nature, managed by few major players such as Teijin Limited, Hexcel Corporation, Mitsubishi Rayon Co., Ltd., SGL Group, Toray Industries, Inc. and Formosa Plastics. Involvement of key manufacturers in low-cost product development is expected to create new avenues for major participants over the next few years.
The report titled “Carbon Fiber Reinforced Plastic Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global carbon fiber reinforced plastic market along with the market size and estimates for the duration 2017 to 2025. The said research study covers in-depth analysis of multiple market segments based on resin type, type, end-use industry and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading carbon fiber reinforced plastic manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:
Current and future market trends to justify the forthcoming attractive markets within the carbon fiber reinforced plastic industry
Market drivers, market impediments, and their impact on the market growth
In-depth competitive environment analysis
Trailing 2-Year market size data (2015 – 2016)
SRC (Segment-Region-Country) Analysis
Key Trends
Emerging economies with growing middle-class population and growing disposable income offering huge growth potential
Emerging applications of CFRP composite market
Browse the full Carbon Fiber Reinforced Plastic Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025 report at https://www.credenceresearch.com/report/carbon-fiber-reinforced-plastic-cfrp-market
Get Sample with more graphs and details for better understanding: https://www.credenceresearch.com/sample-request/58712
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Source: MarketersMedia
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