Carbon Fiber Reinforced Plastic (CFRP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Carbon Fiber Reinforced Plastic (CFRP) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • April 2020 •
  • 107 pages •
  • Report ID: 5889851 •
  • Format: PDF
The global carbon fiber reinforced plastic (CFRP) market is currently witnessing strong growth.

The carbon fiber reinforced plastic (CFRP) refers to a composite material that consists of a polymer matrix fortified with fibers. Epoxy, polyester, nylon and vinyl are some of the commonly used CFRPs, which are usually produced by the infusion of the resin with a carbon fiber reinforcement. They are also manufactured through various other processes, such as layup, pultrusion and winding, compression and injection, etc. These plastics exhibit numerous physical properties, such as impact resistance, fatigue resistance, high tensile strength, durability and minimal weight. Owing to this, they find extensive applications in the manufacturing of sports equipment, aerospace and automotive components, protective helmets, blades of wind turbines and construction materials.

The continuous growth in the aerospace industry, along with the increasing product demand for the manufacturing of lightweight automotive components, is one of the key factors driving the growth of the market. In comparison to the traditionally used materials, such as aluminum and steel, CFRPs aid in the manufacturing of environment-friendly and lightweight components with improved fuel economy and higher efficiencies. Extensive utilization of CFRP in the production of various building and construction materials is acting as another major growth-inducing factor. Columns, piers, pylons and reinforcing structures are manufactured using CFRP, owing to its durability and resistance against electromagnetic interference. Other factors, including the growing demand for high-performance products in the defense sector and the increasing product utilization in surgical implants and other medical applications, are projected to drive the market further. Looking forward, the analyst expects the market to exhibit a CAGR of around 7% during 2020-2025.

Breakup by Raw Materials:
Polyacrylonitrile
Pitch-based
Rayon-based

Breakup by Type:
Thermoset
Epoxy Resin
Polyester Resin
Vinyl Resin
Thermoplastic
Polyurethane
Polyether Ether Ketone
Polyethersulfone

Breakup by Manufacturing Process:
Layup
Pultrusion and Filament Winding
Resin Transfer
Injection and Compression Moulding
Others

Breakup by Application:
Aerospace & Defense
Automotive
Wind Energy
Civil Engineering
Sporting Goods
Electrical and Electronics
Marine Applications
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Cytec Industries Inc., DowAksa Advanced Composites Holdings B.V., Formosa Plastics Corporation, Hexcel Corporation, Mitsubishi Chemical Holdings, SGL Carbon SE, Teijin Limited., Toray Industries, Inc., etc.

Key Questions Answered in This Report:
How has the global carbon fiber reinforced plastic (CFRP) market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the raw materials?
What is the breakup of the market based on the type?
What is the breakup of the market based on the manufacturing process?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global carbon fiber reinforced plastic (CFRP) market and who are the key players?
What is the degree of competition in the industry?