Global Carbon Fiber Reinforced Plastic Market (2021-2026) – Industry Trends, Share, Size, Growth, Opportunities, and Forecast
DUBLIN, July 02, 2021 – (BUSINESS WIRE) – The report “Carbon Fiber Reinforced Plastics (CFRP) Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecasts 2021-2026” has been added ResearchAndMarkets.com to offer.
The global market for carbon fiber reinforced plastics (CFRP) showed moderate growth in the period 2015-2020. Looking ahead, the publisher expects the market to grow with a CAGR of around 6% in the forecast period (2021-2026).
Carbon fiber reinforced plastic (CFRP) is a composite material that consists of a polymer matrix reinforced with fibers. Epoxy, polyester, nylon and vinyl are some of the most commonly used CFRPs, usually made by infusing the resin with a carbon fiber reinforcement. They are also made by various other processes such as lamination, pultrusion and winding, compression and injection, etc. These plastics exhibit numerous physical properties such as impact resistance, fatigue resistance, high tensile strength, durability and minimal weight. Because of this, they find extensive applications in the manufacture of sports equipment, aerospace and automotive components, protective helmets, wind turbine blades, and building materials.
The continued growth of the aerospace industry, along with increasing product demand for the manufacture of lightweight automotive components, is one of the key factors driving the market’s growth. Compared to the traditionally used materials such as aluminum and steel, CFRPs help to manufacture environmentally friendly and lighter components with improved fuel consumption and higher levels of efficiency. Another important growth factor is the extensive use of CFRP in the manufacture of various building and building materials. Columns, pillars, pylons and reinforcement structures are made of CFRP due to its durability and resistance to electromagnetic interference. Other factors, including increasing demand for high-performance defense products and increasing product usage in surgical implants and other medical applications, are expected to continue to drive the market.
The story goes on
Cytec Industries Inc.
DowAksa Advanced Composites Holdings BV
Formosa Plastics Corporation
Mitsubishi Chemical Holdings
SGL Carbon SE
Toray Industries Inc.
Key questions answered in this report:
How has the global market for carbon fiber reinforced plastics (CFRP) developed so far and how will it develop in the coming years?
What are the main regional markets?
What is the impact of COVID-19 on the global carbon fiber reinforced plastic (CFRP) market?
How is the market split according to raw materials?
How is the market divided by type?
How is the market split due to the manufacturing process?
What is the market split based on the application?
What are the different stages of the industry’s value chain?
What are the main driving factors and challenges in the industry?
How is the global market for carbon fiber reinforced plastics (CFRP) structured and who are the main players?
How high is the competition in the industry?
Key topics covered:
2 Scope and methodology
4.2 Major industry trends
5 Global Carbon Fiber Reinforced Plastic (CFRP) Market
5.1 Market overview
5.2 Market performance
5.3 Effects of COVID-19
5.4 Market forecast
6 Market division according to raw materials
7 Market division by type
8 Market division by manufacturing process
9 Market division by application
10 Market breakdown by region
11 SWOT analysis
12 Value chain analysis
13 Porter’s Five Forces Analysis
14 price indicators
15 competitive landscape
15.1 Market structure
15.2 Main Actors
15.3 Profiles of the main actors
Please visit https://www.researchandmarkets.com/r/49i6ji for more information on this report
View source version on businesswire.com: https://www.businesswire.com/news/home/20210702005276/en/
Laura Wood, Senior Press Manager
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