Carbon Fiber Reinforced Plastic Market to Reflect Impressive Growth Rate During 2015-2025
Global Carbon Fiber Reinforced Plastic Market: Drivers & Restraints
Some of the underlying drivers for the global carbon fiber reinforced plastic market are identified as development of wind power market, deeper oil and gas exploration, urbanization trend, rapid industrialization, and developing infrastructure prospects in Asian region. The growth of carbon fiber reinforced plastic market is expected to be in-line with development of automotive and aerospace industry. High growth potential for carbon fiber reinforced market is expected to come from Asia-Pacific and GCC region aided by the growing infrastructure in the region.
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Global Carbon Fiber Reinforced Plastic Market: Segmentation
On the basis of raw material, the global carbon fiber reinforced plastic market is segmented as,
On the basis of types,the global carbon fiber reinforced plastic market is segmented into:
On the basis of end use industry,the global carbon fiber reinforced plastic market is segmented into:
Molding & Compound
Global Carbon Fiber Reinforced Plastic Market: Overview
Global carbon fiber reinforced market is expected to expand at CAGR in range of 8%-10% over the forecast period. Automotive industry is expected to exhibit the largest market share coupled with highest growth during the forecast period. Some of the key players in automobile industry are expanding their carbon fiber manufacturing partnership.
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Global Carbon Fiber Reinforced Plastic Market: Key Players
Major players over the global carbon fiber reinforced plastic market include Mitsubishi Rayon Co. Ltd, Cytec Industries Inc., SGL Group, Inc., Toray Industries Inc., Hexcel Corp., Gurit Holdings and Magna International Inc.
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