Carbon Fiber Reinforced Plastic (CFRP) Market Will Grow Due To Demand For High-Performance Products In Aerospace & Defense

 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.

blogger

Carbon fiber reinforced plastic (CFRP) market could be explored by type, raw material, manufacturing process, application, and geography. The market could be explored by type as Epoxy Resin, Polyetherimide, Polyester Resin, Polyether Ether Ketone, Vinyl Resin, Polyurethane, Polyethersulfone, and Others. The market of carbon fiber reinforced plastic (CFRP) could be explored by raw material as Petroleum pitch, Polyacrylonitrile, and Others.

Based on manufacturing process, the carbon fiber reinforced plastic industry could span Pultrusion, Lay-up, Injection Moulding, Resin Transfer, Filament Winding, Compression Moulding and Others (centrifugal casting, extrusion, and close molding), and Others. The “Layup” segment led the CFRP market in 2016 and is anticipated to maintain its dominance by 2025. The key factors that could be attributed to the growth of market include robust growth of the wind energy industry, recovery of the marine industry at the global level and developed aerospace & defense industry.

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.

North America accounted for the major market share of the carbon fiber reinforced plastic (CFRP) in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increase in demand for CFRP from wind energy, automotive industries, and aerospace & defense, increasing research and development activities, and prevalence of leading automobile manufacturers. North America is likely to be followed by the European region in the forecast period.

The report “Carbon Fiber Reinforced Plastic (CFRP) Market” is available now at https://www.millioninsights.com/industry-reports/carbon-fiber-reinforced-plastic-cfrp-market

Some of the key players that fuel the growth of the carbon fiber reinforced plastic (CFRP) industry comprise 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. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Global Carbon Fiber Reinforced Plastic Raw Material Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
• PAN
• Pitch

Global Carbon Fiber Reinforced Plastic Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
• Thermosetting CFRP
• Thermoplastic CFRP

Global Carbon Fiber Reinforced Plastic Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
• Automotive
• Aerospace & Defense
• Wind Turbines
• Sport Equipment
• Molding & Compounding
• Construction
• Pressure Vessels
• Others

Global Carbon Fiber Reinforced Plastic Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• Japan
• Taiwan
• China
• Middle East and Africa
• Central and South America
• Brazil

Comments

Post a Comment

Popular posts from this blog

Metamaterial Market Is Expected Reach USD 1.35 Billion By 2025

  The global metamaterials market size was estimated at USD 316.0 million in 2016 and is expected to reach USD 1.35 billion by 2025, with a CAGR of 17.8%. Metamaterials are widely used in telecommunication and medical field. These materials are artificial having electromagnetic properties that may not be found in nature. The rare properties of metamaterial have led to the development of metamaterial antennas, sensors and lenses for minute wireless systems that are expected to be more efficient than other traditional systems. They exhibit a sensitive response to the dielectric media, strain, biological sensing applications and chemicals. Metamaterials are artificial engineered materials that provide unique advantages over other conventional substitutes owing to properties that are not readily found in nature. They gain their distinctive properties from the structure of the homogeneities infused in them. Due to these factors, metamaterials have a long list of lucrative applications inclu
Read more

Water and Wastewater Treatment Industry ESG Thematic Report, 2022: Astra ESG Solutions

Image
      With the world observing unprecedented challenges and the influence of climate change, the water and wastewater treatment industry size could be pronounced on the back of bullish investment in a sustainable future. Developments of environmental, social and governance practices will help stockholders map impacts to their value chain, enable performance reporting and tracking and exhibit a corporate commitment to sustainable growth. Industry leaders are expected to shift their attention to the impact of water shortages, soaring prices, and surging regulations in their decision-making. Stakeholders are emphasizing 4R—reduce, reuse, recycle and reclaim—to streamline wastewater treatment and propel ESG compliance. Investors and consumers are poised to focus on the ESG profile and minimize operational risks amidst concerns about pollution, energy consumption, climate change, and the rising usage of chemicals.    The World Resources Institute forecasts a 56% deficit of freshwater by 203
Read more

Ethylene-Methyl Acrylate (EMA) Market Overview, Manufacturing Processes and Cost Structures

May 30, 2019:   Ethylene-Methyl Acrylate (EMA) Market   Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Ethylene-Methyl Acrylate (EMA) basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis. The report includes six parts, dealing with: 1.) Basic Information;
Read more