Press Release / Business / Carbon Fiber Reinforced Plastic (CFRP) Market Overview, SWOT Analysis, Trends and Forecast 2025

Carbon Fiber Reinforced Plastic (CFRP) Market Overview, SWOT Analysis, Trends and Forecast 2025

CFRPs are high-strength and lightweight composite materials that contain a matrix, which is generally a polymer resin, and carbon fiber, a reinforcement material. Epoxy is the most commonly used polymer resin for manufacturing CFRPs. However, other polymers such as polyester, vinyl ester, or nylon are also used as reinforcement matrices. The properties of these plastics depend on the structure of the carbon fiber and that of the binding matrix (resin) material. Silica, rubber, and nanotubes are also used for reinforcement. The reinforcing phase is either in continuous or discontinuous form. CFRP products offer higher weight saving and thus a better fuel economy than the traditional materials such as steel and aluminum. Vehicle manufacturers are obliged to reduce the average energy consumption of vehicles, and this goal can be met using lightweight products. In addition, increased demands for eco-friendly and low VOCs products in vehicles enhance the need for CFRP products in automotive industry. Aerospace industry has strict performance product requirements for applications in commercial aircrafts, engines, satellites, helicopters, and launchers. Structural material in aircrafts such as panelling interiors are made using CFRP products. Though CFRP products offer such high weight savings, the price of CFRP products is approximately 10 times higher than the price of steel counterparts, which makes it difficult for CFRP products to expand in domestic markets. Only ultra-expensive vehicle manufacturers like Lamborghini use CFRP products for their supercars, which leads to uncertainty in supply of carbon fiber in automotive sector.
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In terms of geography, EMEA accounted for the majority of shares in the carbon fiber reinforced plastic (CFRP) market during 2017. Our market analysts predict that this region will witness significant growth in the market till the end of the forecast period. Global Carbon Fiber Reinforced Plastic (CFRP) market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Carbon Fiber Reinforced Plastic (CFRP). This report researches the worldwide Carbon Fiber Reinforced Plastic (CFRP) market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Carbon Fiber Reinforced Plastic (CFRP) breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. This report focuses on the top manufacturers’ Carbon Fiber Reinforced Plastic (CFRP) capacity, production, value, price and market share of Carbon Fiber Reinforced Plastic (CFRP) in global market. The following manufacturers are covered in this report: Hexcel HYOSUNG Mitsubishi Materials SGL TEIJIN TORAY INDUSTRIES
View Complete TOC with Tables and Figures index at: https://www.researchmoz.us/global-carbon-fiber-reinforced-plastic-cfrp-market-insightsforecast-to-2025-report.html/toc
Carbon Fiber Reinforced Plastic (CFRP) Breakdown Data by Type PAN-Based Pitch-Based Rayon-Based Carbon Fiber Reinforced Plastic (CFRP) Breakdown Data by Application Aerospace and Defense Industry Wind Energy Industry Automotive Industry Sporting Goods Industry Marine Industry Others Carbon Fiber Reinforced Plastic (CFRP) Production Breakdown Data by Region United States Europe China Japan Other Regions Carbon Fiber Reinforced Plastic (CFRP) Consumption Breakdown Data by Region North America United States Canada Mexico Asia-Pacific China India Japan South Korea Australia Indonesia Malaysia Philippines Thailand Vietnam Europe Germany France UK Italy Russia Rest of Europe Central & South America Brazil Rest of South America Middle East & Africa GCC Countries Turkey Egypt South Africa Rest of Middle East & Africa
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