Carbon fiber reinforced plastic (CFRP) market size is forecast to reach $22.50 billion by 2027, after growing at a CAGR of 9% during 2021-2027,
This is due to the increasing adoption of carbon fiber reinforced plastics over traditional metal alloys in various end-use industries such as automotive, aerospace, wind energy, etc. This is mainly because the tensile strength performed by CFRP corresponds to 1500~3500MPa, whereas metal materials such as aluminum and steel have tensile strength of 450~600MPa and 750~1500MPa respectively.
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Major players in the carbon fiber reinforced plastic (CFRP) market are SGL Carbon SE, Teijin Ltd., Toray Industries Inc., Cytec Industries Inc., Mitsubishi Rayon Co. Ltd., Farmosa Plastics Corporation, Nippon Carbon Co. Ltd., DowAksa Advanced Composites Holdings BV, Hexcel Corporation, and Hyosung Advanced Materials.
By Type: Thermoplastic (Polyether Ether Ketone (PEEK), Polypropylene, Nylon, Acrylic Resins, Polyamide Resins, PET, Polyphenylene Sulfide (PPS), Polyethylene, Polyurethane, Polyethersulfone, Polyetherimide (PEI), and Others), and Thermosetting (Epoxy Resin, Polyester Resin, Vinyl Ester Resin, Phenolic, Polyimide Resins, and Others)
By Application: Automobiles, Industrial, Aviation & Aerospace, Marine, Defense, Electrical & Electronics, Medical, Sports Equipment, Wind Energy, Civil Engineering, and Others
Scope of the Report
The research study analyzes the global Carbon Fiber Reinforced Plastic industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Carbon Fiber Reinforced Plastic Market Report
1. What was the Carbon Fiber Reinforced Plastic Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Carbon Fiber Reinforced Plastic Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Carbon Fiber Reinforced Plastic Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Carbon Fiber Reinforced Plastic market.
- The market share of the global Carbon Fiber Reinforced Plastic market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Carbon Fiber Reinforced Plastic market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Carbon Fiber Reinforced Plastic market.
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