Global Carbon Fiber Reinforced Plastic Market

Global Carbon Fiber
Reinforced Plastic
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015 - 2025
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Report
Description
Report Description
Carbon Fiber Reinforced Plastic (CFRP) are the strong and light composite material containing
carbon fiber. To manufacture carbon fiber reinforced plastic (CFRP) we first wove carbon fiber to
textile material then resin is applied to the material and left to cure. When compared with glass
fiber reinforced plastic, carbon fiber reinforced plastic is expensive and have better strength and
rigidity, due to which the CFRP application have extended to aerospace industry and sport
equipment. Carbon Fiber Reinforced Plastic application has been discovered in most of the
manufacturing industries such as aero plane in aerospace industry, motor racing car in
automobile industry, robot arms in industrial applications and bicycle frame in sport equipment.
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.
Report
Description
Report Description
Global Carbon Fiber Reinforced Plastic Market: Segmentation
On the basis of raw material, the global carbon fiber reinforced plastic market is segmented as,
• PAN Based
• Pitch Based
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On the basis of types, the global carbon fiber reinforced plastic market is segmented into:
• Thermoplastic
• Thermosetting
On the basis of end use industry, the global carbon fiber reinforced plastic market is segmented
into:
• Automotive
• Wind Turbines
• Sports
• Construction
• Molding & Compound
• Aerospace
• Others
Report
Description
Report Description
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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