Press release
Carbon Fiber Reinforced Plastic (CFRP) Market Insights and Forecast 2025 | Breakdown Data by Manufacturers, Region, Type and Application
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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Carbon Fiber Reinforced Plastics Cfrp Market Size and Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global Carbon Fiber Reinforced Plastics Cfrp Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion.
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