PUBLISHER: Lucintel | PRODUCT CODE: 1153946
PUBLISHER: Lucintel | PRODUCT CODE: 1153946
Carbon Fiber Reinforced Plastic Market Trends and Forecast
The future of the carbon fiber reinforced plastic market looks promising with opportunities in the aerospace, automotive, wind energy, marine, sporting goods, construction, and pressure vessel. The global carbon fiber reinforced plastic market is expected to reach an estimated $13.1 billion by 2027 with a CAGR of 8.1% from 2021 to 2027. The major drivers for this market are growing demand for high performance and lightweight composite materials and increasing performance requirements in the various end use industries.
Emerging Trends in the Carbon Fiber Reinforced Plastic Market
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of technologies like plasma oxidation (used to oxidize the PAN precursor) and HP-RTM, will reduce the cost of raw material and reuse of CFRP is another emerging trend as it recycled carbon fiber reduces cost of product and environmental impact.
A total of 121 figures / charts and 95 tables are provided in this 223-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the carbon fiber reinforced plastic market report.
Carbon Fiber Reinforced Plastic Market by Segment
Carbon Fiber Reinforced Plastic Market by End Use [Value ($B) and Volume (M lbs.) shipment analysis for 2016 - 2027]:
Carbon Fiber Reinforced Plastic Market by Resin [Value ($B) Volume (M lbs.) shipment analysis for 2016 - 2027]:
Carbon Fiber Reinforced Plastic Market by Process [Value ($B) Volume (M lbs.) shipment analysis for 2016 - 2027]:
Carbon Fiber Reinforced Plastic Market by Region [Value ($B) and Volume (M lbs.) shipment analysis for 2016 - 2027]:
List of Carbon Fiber Reinforced Plastic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies carbon fiber reinforced plastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the carbon fiber reinforced plastic companies profiled in this report includes.
Carbon Fiber Reinforced Plastic Market Insight
Features of Carbon Fiber Reinforced Plastic Market
FAQ
Q1. What is the carbon fiber reinforced plastic market size?
Answer: The global carbon fiber reinforced plastic market is expected to reach an estimated $13.1 billion by 2027
Q2. What is the growth forecast for carbon fiber reinforced plastic market?
Answer: The carbon fiber reinforced plastic market is expected to grow at a CAGR of 8.1% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the carbon fiber reinforced plastic market?
Answer: The major drivers for this market are growing demand for high performance and lightweight composite materials and increasing performance requirements in the various end use industries.
Q4. What are the major applications or end use industries for carbon fiber reinforced plastic?
Answer: Aerospace, automotive, wind energy, marine, sporting goods, construction, pressure vessel, and others are the major end use industries for carbon fiber reinforced plastic.
Q5. What are the emerging trends in carbon fiber reinforced plastic market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include the development of technologies like plasma oxidation (used to oxidize the PAN precursor) and HP-RTM, will reduce the cost of raw material and reuse of CFRP is another emerging trend as it recycled carbon fiber reduces cost of product and environmental impact.
Q6. Who are the key carbon fiber reinforced plastic companies?
Answer: Some of the key carbon fiber reinforced plastic companies are as follows:
Q7. Which carbon fiber reinforced plastic resin segment will be the largest in future?
Answer: Lucintel forecasts that epoxy based resin carbon fiber reinforced plastic will remain the largest segment over the forecast period due to its better chemical and mechanical properties
Q8. In carbon fiber reinforced plastic market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region and witness the highest growth over next 5 years due to the growth in automotive industry and increasing use of composite material in automotive industry because of its excellent mechanical properties.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.