Carbon Fiber Reinforced Plastic (CFRP) Market By Manufacturing Process (Prepreg Layup, Pultrusion & Winding, Wet Lamination And Infusion, Press And Injection), By Application (Aerospace, Automotive, Energy, Sporting Equipment, Construction) - Growth, Future Prospects And Competitive Analysis, 2017 – 2025

The global carbon fiber reinforced plastic market was valued at US$ 32.21 billion in 2016. Carbon fiber reinforced plastic market is mainly driven by the increasing demand from developing economies coupled with environmental regulations towards energy efficient & environmentally friendly products. The carbon fiber reinforced plastic market has been segmented on the basis of manufacturing process, application, and region.

In terms of manufacturing process, prepreg layup process accounted for approximately 40% market share in year 2016 of the global market in terms of revenue and is projected to maintain its dominance throughout the forecast period 2017 to 2025. However, pultrusion and winding process is anticipated to be the fastest growing segment with CAGR of around 9.7% during the forecast period 2017 to 2025.

In terms of application, energy segment accounted for the largest share in terms of value. It is also projected to grow at the fastest CAGR of 10.7% during the forecast period of 2017 to 2025. Due to its high strength to weight ratio (much higher than most metals), CFRP is being preferred by the players present in the offshore drilling in the oil and gas industry. The light weight property of carbon fiber composites is also a big driving factor in energy sector, especially in fuel cells and high pressure vessels areas.

In 2016, the carbon fiber reinforced plastic market by region was dominated by North America accounting for approximately 35% of the market share. North America was followed by the Asia Pacific and Europe. The U.S. is the largest national market for carbon fiber reinforced plastic in North American region, due to huge demand of CFRP composite in U.S. from the aviation industry. Whereas, Asia Pacific is the fastest growing market during the forecasted period.

Major players operating in the market are Toray Industries Inc. (Japan), Teijin Limited (Japan), Mitsubishi Rayon Co. Ltd. (Japan), SGL-Group (Germany), Formosa Plastics Corporation (Taiwan), and Hexcel Corporation (U.S.) among others.

Carbon Fiber Reinforced Plastic (CFRP) Market

The report titled “Carbon Fiber Reinforced Plastic Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global carbon fiber reinforced plastic market along with the market size and estimates for the duration 2017 to 2025. The said research study covers in-depth analysis of multiple market segments based on resin type, type, end-use industry and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading carbon fiber reinforced plastic manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the carbon fiber reinforced plastic industry
  • Market drivers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global carbon fiber reinforced plastic market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

On the basis of geography, the global carbon fiber reinforced plastic market is segmented as per following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Rest of Middle East & Africa

North America was the largest market with a share of approximately 35%, in terms of value, of the global market in 2016; followed by Asia Pacific. North American composite market is mainly driven by the demand from the U.S. market which accounts for approximately 75% share of region’s market. Due to high demand for more fuel efficient and lightweight technologies, strict environmental regulations, growth in wind energy and resurgence of global automotive sector coupled with increasing demand from reviving economy of Western European countries, the demand for CFRP composites will grow, globally. Growth in emerging markets will also stimulate demand for CFRP composites as these economies are characterized by growing level of disposable income, rapid development of a middle class, rising level urbanization and changing life style.

Carbon Fiber Reinforced Plastic (CFRP) Market

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Published Date:  Sep 2017
Category:  Advanced Materials
Report ID:   58712
Report Format:   PDF
Pages:   120
Rating:    4.3 (65)
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