Press release
Carbon Fiber Reinforced Plastic (CFRP) Market Research Methodologies Offers High Business Outlook growth 2021-2026
The Carbon Fiber Reinforced Plastic (CFRP) Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The market for carbon fiber reinforced plastic (CFRP) is expected to witness a CAGR of more than 8% during the forecast period.
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Top Leading Companies of Carbon Fiber Reinforced Plastic (CFRP) Market are Solvay, Hexcel Corp, Formosa Plastics Corporation, Mitsubishi Rayon Co. Ltd, Nippon Graphite Fiber Corp., SABIC, Teijin Limited, Toray Industries Inc., Allred & Associates Inc., Rochling Group, Nikkiso Co. Ltd and others.
Key Market Trends:
Increasing Demand from Aerospace Industry
- CFRP is a composite material consisting of two parts, namely, matrix and reinforcement. The matrix is a polymer resin and reinforcement is a carbon fiber, which provides high strength to the material.
- With the focus on performance improvement in the aerospace industry, CFRP material is being used as a replacement for metals and alloys, as it possesses a high strength-to-weight ratio and rigidity.
- Initially, CFRP was used in Boeing 787 and the Airbus A350, primarily driven by the weight savings of CFRP parts. The latest models in civil aviation, such as the Boeing Dreamliner and Airbus A350, are made of up to 52% CFRP.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific accounted for the largest share in the global CFRP market, owing to widespread adoption in industrial and automotive sectors in countries, like India and China.
- The aviation industry in China was said to be adding around 6,000 new airplanes between 2016 and 2033. China’s domestic air passenger market experienced the biggest incremental rise, in terms of the number of journeys made by passengers as compared with previous years.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Carbon Fiber Reinforced Plastic (CFRP) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Carbon Fiber Reinforced Plastic (CFRP) Market (%),2016 - 2026
- Carbon Fiber Reinforced Plastic (CFRP) Market Share, By Brand
- Carbon Fiber Reinforced Plastic (CFRP) Market Share, By Company
- Carbon Fiber Reinforced Plastic (CFRP) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Carbon Fiber Reinforced Plastic (CFRP) Market Value Analysis & Forecast
- Promising Carbon Fiber Reinforced Plastic (CFRP) Development by Major Companies
- Detailed Carbon Fiber Reinforced Plastic (CFRP) Portfolio of the Major Companies
- Major Deals in the Carbon Fiber Reinforced Plastic (CFRP) Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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