Press release
Global CF & CFRP Market Demand, Trends, Growth, Global Industry Research and Analysis 2017-2024
Data Bridge Market Research
Market 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.
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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
Market 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. Polyacrylonitrile (PAN-Based) Carbon Fibers is sub segmented into tow size which is further sub- segmented into large tow and small tow.
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. Thermosetting CFRP is sub segmented into epoxy, vinyl ester and polyester whereas, thermoplastic CFRP is sub segmented into polypropylene, polyethylene terephthalate and polyethylene.
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. Automotive is also sub segmented into exterior parts and interior parts. Wind Energy is sub segmented into wind blades.
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Competitive Analysis: Global CF & CFRP Market
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.
Major Market Competitors: Global CF & CFRP Market
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.
Research Methodology: Global CF & CFRP Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your enquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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