Press release
Carbon Fiber Reinforced Plastic (CFRP) Market 2016 to grow at a CAGR of 13.07% during the period to 2020
CFRP is a composite material with the following properties: high tensile strength, lightweight, stiffness, durability, fatigue, and corrosion resistance. This material is manufactured using PAN-based or pitch-based fibers. It is used for applications such as wind turbines, aerospace, sport/leisure, molding, automotive, pressure vessel, and others.
Global CFRP market to grow at a CAGR of 13.07% over the period 2014-2019.
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Covered in this Report
The global CFRP market can be segmented into two based on type: thermosetting CFRP and thermoplastic CFRP. Thermosetting CFRP is widely used as it has excellent resistance to solvents and corrosives, heat, and high temperature.
Global CFRP Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the global CFRP market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key Regions
• Americas
• APAC
• EMEA
Key Vendors
• Formosa Plastics
• Hexcel
• Mitsubishi Rayon Carbon Fiber and Composite
• SGL Group
• Toho Tenax America
• Toray Industries
• Zoltek
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Other Prominent Vendors
• Composite Holding
• Crosby Composites
• Cytec Industries
• DowAksa
• GKN Aerospace
• Gurit Holdings
• Hyosung
• Kringlan Composites
• Nippon Graphite Fibre
• Plasan Carbon Composites
• Teijin
• Tencate
Market Driver
• Demand from Automotive Sector
• For a full, detailed list, view our report
Market Challenge
• High Cost of Carbon Fibers
• For a full, detailed list, view our report
Market Trend
• Growing Demand for Electric and Hybrid Vehicles
• For a full, detailed list, view our report
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