Global Carbon Fiber Reinforced Plastic Market Size Forecast to 2028- Trends, Analysis and Outlook by Type, Application, and Geography

Global Carbon Fiber Reinforced Plastic Market Size Forecast to 2028- Trends, Analysis and Outlook by Type, Application, and Geography

  • May 2020 •
  • 80 pages •
  • Report ID: 5894379 •
  • Format: PDF
Key insights from the Global Carbon Fiber Reinforced Plastic Market-
• The Global Carbon Fiber Reinforced Plastic market is valued at $30 billion in 2020
• Thermoset based materials are the dominant types of Carbon Fiber Reinforced Plastic
• Wind Turbine is the most dominant application for Carbon Fiber Reinforced Plastic
• Europe is the largest market for Carbon Fiber Reinforced Plastic

The $30 billion Carbon Fiber Reinforced Plastic industry presents strong investment and growth opportunities over the near to long term outlook period. The 2020 edition of the market report presents a comprehensive analysis of the global Carbon Fiber Reinforced Plastic market from 2020 to 2028.The Carbon Fiber Reinforced Plastic market research report presents detailed Carbon Fiber Reinforced Plastic market analysis, and forecasts to 2028. Detailed insights into global and regional Carbon Fiber Reinforced Plastic market statistics, Carbon Fiber Reinforced Plastic companies and growth prospects across verticals are included.

Carbon Fiber Reinforced Plastic Market Overview and Developments in 2020
The report presents a snapshot of recent market trends in the Carbon Fiber Reinforced Plastic industry. Further, potential market drivers, major challenges, opportunities, major developments, competitive strategies, porter’s five forces analysis, and other analysis are included in the research.

Impact of COVID-19 on Global Carbon Fiber Reinforced Plastic market revenue
The worldwide crisis of COVID-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of Carbon Fiber Reinforced Plastic manufacturers and vendors. However, we expect the negative impact of COVID-19 on Carbon Fiber Reinforced Plastic to be compensated over the medium to long term future.

Carbon Fiber Reinforced Plastic Market Size and Outlook by Type to 2028
This chapter presents an insight into different Carbon Fiber Reinforced Plastic types and their contribution to global market growth. The growth in global Carbon Fiber Reinforced Plastic market size is forecast to continue despite the economic challenges. The report forecasts the Carbon Fiber Reinforced Plastic market revenue across different Types, which include- Epoxy Resin, Polyester Resin, Phenolic Resin, Other Thermosetting Resins, Thermoplastic based. Of these, Thermoset based materials dominate the global Carbon Fiber Reinforced Plastic market.

Carbon Fiber Reinforced Plastic Market Share and Outlook by End-User Industry to 2028
The research suggests that there is a strong case for the development of new applications of Carbon Fiber Reinforced Plastic worldwide. Different application segments analyzed in the report are Aerospace and Defense, Wind Energy, Automotive, Construction, Others. The study identifies that Wind Turbine application has the most substantial value-creation potential.

Global Carbon Fiber Reinforced Plastic Company Profiles
The report presents business profiles of major companies operating in the industry including Solvay Chemicals, Mitsubishi Rayon, Toho Tenax, Zoltek, Toray Industries, SGL Carbon.

The business overview, SWOT profile and product information are provided for all the companies.
The report identifies that the development of new applications and product portfolio is one of the key strategies to overcome identified challenges and for supporting continued growth. Manufacturing companies can also benefit from rising domestic demand in chemical end-use sectors. The majority of the companies are realigning their strategies to orient their business operations to changing market volatility, regulatory policy changes, geopolitical issues, changing end-user preferences, and others.

Sources and Methodology
The data and analysis presented in this report are sourced from a wide range of sources such as associations, manufacturers, suppliers, distributors, consumer companies, and government sources.

Scope of the research
• Global and regional Carbon Fiber Reinforced Plastic Market Size estimates in revenue terms from 2019 to 2028
• Segmentation analysis across types, applications, and geographies
• Strategic analysis through trends, drivers, challenges, opportunities, porter’s five forces analysis
• Market Developments including M&A, new product development, and competitive analysis
• Potential strategies of leading companies