Press release
Global CF & CFRP Market 2017 by Major Market Competitors, Segmentation, Drivers, Restraints and Forecast to 2024
The Global CF & CFRP Market accounted for USD 20.46 Billion in 2016 and is projected to grow at a CAGR of 10.5% by 2024
The Global CF & CFRP Market report consists of below pages:
• No of pages: 350
• No of Figures: 60
• No of Tables: 220
Report Analysis
The Global CF & CFRP Market accounted for USD 20.46 Billion in 2016 and is projected to grow at a CAGR of 10.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Report Definition: Global CF & CFRP Market
Carbon fibers are characterized by advantages including high stiffness, compound resistance & rigidity, low weight & warm extension, high chemical resistance. CFRP is an extremely strong and light fiber-fortified plastic that contains carbon fibers. They are used in aviation, automotive, civil engineering, sports merchandise industries which require high quality, lightweight and rigid materials.
Key Companies Analysis
The global CF & CFRP market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Key Players
Some of the major players operating in global CF & CFRP market are Toray Industries Inc., TEIJIN LIMITED, SGL Group, Mitsubishi Chemical Holding Corporation, and Formosa Plastics Corporation among others.
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Major market drivers: Global CF & CFRP Market
Rising demand of fuel-efficient vehicles
Growing usage of CF & CFRP in the airbus aircraft
Concentrating on the electricity production from renewable sources
Restraints:
Increasing cost of carbon fiber composites
Inadequate production amalgamation
Report Segmentation: Global CF & CFRP Market
On the basis of raw material, the global CF & CFRP (Carbon Fibre and Carbon Fibre Reinforced Plastic) market is segmented into polyacrylonitrile (PAN-based) carbon fibers, pitch-based carbon fiber and rayon-based carbon fiber.
On the basis of resin type, the global CF & CFRP Carbon Fibre and Carbon Fibre Reinforced Plastic market is segmented into thermosetting CFRP and thermoplastic CFRP.
On the basis of manufacturing process, the global CF & CFRP Carbon Fibre and Carbon Fibre Reinforced Plastic market is segmented into lay-up, resin transfer molding, compression molding, injection molding, filament winding and pultrusion processes.
On the basis of end users, the global CF & CFRP Carbon Fibre and Carbon Fibre Reinforced Plastic market is segmented into aerospace & defense, automotive, wind energy, civil engineering, sporting goods, medical, electrical & electronics, marine and pipe & tank. Aerospace & Defense is sub segmented into exterior parts and interior parts.
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