Press release
Global Carbon Fiber Reinforced Plastic Market to grow at a CAGR of +10% during forecast period 2017-2022
Carbon fiber reinforced plastic is a high-strength composite material that is light in weight. This makes it suited for use in several industries including aerospace and defense, wind energy, automobile, sports equipment, marine, civil, and molding. Carbon fiber is also becoming the material of choice for making laptops, tripods, sport racquet frames, and stringent instrument frameworks. Carbon fiber consists of high-strength crystalline filaments of a few microns of carbon atoms.The carbon fiber reinforced plastic market is growing at a significant pace mainly due to its growing demand in industries such as aerospace and automotive. While aerospace is the largest end-user industry for the carbon fiber reinforced plastics market, automotive is growing at the highest pace. Europe and North America are the key markets for carbon fiber reinforced plastics.
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Key players:
SGL Carbon Se, Teijin Ltd., Toray Industries, Inc., Nippon Carbon Co. Ltd., Mitsubishi Rayon Carbon Fiber and Composites, Inc., Formosa Plastics Corp, Cytec Solvay Group, Dowaksa Usa, LLC, GKN Aerospace Inc., Hexcel Corp.
This report studies Carbon Fiber Reinforced Plastic market, especially in North America, Europe, Asia Pacific, Middle East & Africa and Latin America and focuses on top manufacturers in the global market. They considered the production, revenue, capacity, price and market share for each manufacturer in detail.
Microeconomic and macroeconomic factors which affect the Carbon Fiber Reinforced Plastic market and its growth, both positive and negative, are also studied. The report features the impact of these factors on the ongoing market throughout the mentioned forecast period. The upcoming changing trends, factors driving as well as restricting the growth of the market are mentioned.
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The report on the global Carbon Fiber Reinforced Plastic market is a meticulous piece of work and is assembled by leading both primary as well as secondary research. The data included in the report has been taken by consulting high-quality references, case studies, press releases, and by taking inputs from top industry leaders. The top segments in the market have been highlighted clearly in this report for the readers to understand in a précised manner. These segments have been presented by giving information on their current and predicted state by the end of the forecast period. The information presented would help the upcoming players to gauge the investment scope within the segments and sub-segments of the global Carbon Fiber Reinforced Plastic market.
Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Carbon Fiber Reinforced Plastic market. It also estimates the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Carbon Fiber Reinforced Plastic market’s trajectory between forecast periods.
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