According to the new
market research report by IndustryARC titled “Carbon Fiber Reinforced Plastic
Market: By Type
(Thermoplastic, Thermosetting); By Applications (Automobile, Aviation, Defense,
Marine, Others) – With Forecast 2018-2023”, the market is driven by the growing utilization of applications such
as automobiles and wind energy.
Asia Pacific
dominates the Carbon Fiber Reinforced Plastic Market during forecast period
Asia Pacific has a
major share in the Carbon Fiber Reinforced Plastic Market forecast period. It
is expected to dominate with increasing adoption of CFRP in the automotive and
aerospace industries due to its declining prices. China is the fastest growing
region and is expected to reach $1.1 billion at 12.6% CAGR. This region
accounts for a larger share of global wind energy production and has seen a
rise in the wind energy capacity of installations. Hence, the CFRP market in
China focuses on the wind energy industry.
In Americas, aerospace
and the defense industry are the primary markets in the US. CFRP products are
used in Blackhawk helicopters, helmets, body armor, and other military
applications such as rocket motor casing, satellites, and missiles.
Carbon Fiber
Reinforced Plastic Market Analysis done in the full Report:
Defense is the
dominant application in the Carbon Fiber Reinforced Plastic Market due to large
scale use of carbon fiber as well as use of high value materials. CFRP is used
to manufacture specialty components for missile systems, radar panels, rocket
motor casing, ballistics applications, and nuclear submarine propulsion
systems. M80 Stileto is the largest naval vessel in the US, built using
carbon-fiber composites. The materials
used in military composites include Kevlar, fiberglass and carbon fiber. U.S.
DOD aims to replace UH-60 Black Hawk with Bell Helicopter’s V-280 which
incorporates carbon fibers in its wings, fuselage and tail. Other countries
like Russia, India and Japan are increasingly using CFRP materials in
Submarines, Jets, Sonar Domes and truck components.
U.S., Russia, U.K.,
India and China spend heavily on defense equipment and maintenance of army. The
need for agility during sudden attacks and upgrading the defense technologies
has led to the shift from conventional materials to fiber reinforced materials.
To purchase or browse the table of contents of
the Carbon Fiber Reinforced Plastic Market follow the link below:
Excerpts on
Carbon Fiber Reinforced Plastic Market Growth Factors
- Carbon fiber reinforced plastic is mostly
utilized in myriad applications, despite the high price due to the
performance factor. Industries such as aerospace and automobile have also
utilized CFRP products in the recent past.
- Automobile manufacturers have increased
their capability of producing lightweight materials by using CFRP
composites.
- The Wind energy segment is expected to become
an important sector for CFRP composites. The other industry verticals in
the CFRP market have been seeing stagnant growth in developed economies.
However, wind energy generation has been witnessing a high growth as it
adheres to new energy regulations.
To access Carbon Fiber Reinforced Plastic Market report, browse the
link below:
Key players of
the Carbon Fibre Reinforced Plastic Market
Teijin dominates the
Carbon Fibre Reinforced Plastic Market followed by Toray and Cytec. Teijin
produces advanced fibers such as aramid and Carbon fibers. The company is
working hard to expand its business further. It has provided a breakthrough in
medical solutions. Toray produces synthetic fibers such as nylon, polyester,
and acrylic. PAN based CFRP is also produced by the company and is used in
aerospace and other applications. Cytec produces technologically advanced
materials for aerospace industries.
Carbon Fiber
Reinforced Plastic Market report is segmented as below
Robust growth rates in
automobile and aerospace sectors drive the demand for the Carbon Fiber
Reinforced Plastic Market in the coming years.
A. Carbon Fiber
Reinforced Plastic Market By Type of Services
1. Thermosetting
1.1. Epoxy Resin
1.2. Polyester Resin
1.3. Vinyl Ester Resin
1.4. Phenolic
1.5. Polyimide Resins
1.6. Others
2. Thermoplastic
2.1. Polyether Ether
Ketone (Peek)
2.2. Polypropylene
2.3. Nylon
2.4. Acrylic Resins
2.5. Polyamide Resins
2.6. Others
B. Carbon Fiber
Reinforced Plastic Market By Application
1. Automobile
2. Industrial
3. Aviation and
Aerospace
4. Marine
5. Defence
6. Electrical &
Electronic
7. Medical
8. Sports Equipment
9. Wind Energy
10. Civil Engineering
11. Others
C. Carbon Fiber
Reinforced Plastic Market By Geography (covers 11+ countries)
D. Carbon Fiber
Reinforced Plastic Market By Entropy
Company Citied/ Interviewed in Carbon Fiber
Reinforced Plastic Market Analysis
1. SGL CARBON SE (SGL GROUP)
2. TEIJIN LTD.
3. TORAY INDUSTRIES INC.
4. NIPPON CARBON CO. LTD.
5. MITSUBISHI RAYON CO. LTD.
6. FORMOSA PLASTICS CORPORATION
7. CYTEC SOLVAY GROUP
8. DOWAKSA
9. GKN AEROSPACE
10. HEXCEL CORPORATION
11. Company 11
12. Company 12
13. Company 13
14. Company 14+
Related Report:
A. FRP Rebar Market
B.
FRP/GRP/GRE Pipe Market
What can you
expect from the report?
The Carbon Fiber
Reinforced Plastic Market Report is Prepared with the Main Agenda to Cover the
following 20 points:
1. Carbon Fiber
Reinforced Plastic Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Carbon Fiber
Reinforced Plastic Market trends & Relevant Market Data
12. Country level Analysis
3. Carbon Fiber
Reinforced Plastic Market Manufacturer
Landscape 13. Carbon Fiber Reinforced Plastic Market
Competitor Analysis
4. Distributor
Landscape 14. Carbon Fiber Reinforced Plastic Market
Shares Analysis
5. Pricing Analysis 15. Carbon Fiber Reinforced Plastic
Market Value Chain Analysis
6. Top 10 End user
Analysis 16. Supply Chain Analysis
7. Product
Benchmarking 17. Strategic Analysis
8. Product
Developments 18. Current & Future Market
Landscape Analysis
9. Mergers &
Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked
Questions:
Q. Does IndustryARC
publish country or application based reports in Carbon Fiber Reinforced Plastic
Segment?
Response: Yes, we do
have separate reports as mentioned below:
1. Americas Carbon
fiber Reinforced Plastic Market Report(2018-2023)
2. Europe Carbon fiber
Reinforced Plastic Market Analysis (2018-2023)
3. Asia Pacific Carbon
fiber Reinforced Plastic Market Share (2018-2023)
5. Industrial Carbon
fiber Reinforced Plastic Market Growth (2018-2023)
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting
data from our database of reports and annual subscription databases. We can
provide the following free customization:
1. Increase the level
of data in application or end user industry.
2. Increase the number
of countries in geography chapter.
3. Find out market
shares for other smaller companies or companies which are of interest to you.
4. Company profiles
can be requested based on your interest.
5. Patent analysis,
pricing, product analysis, product benchmarking, value and supply chain
analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to
discuss more about our consulting services.
To request for a
proposal, provide your details in the below link:
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: sales@industryarc.com
Or Email 2:
venkat@industryarc.com
Contact Sales:
+1-614-588-8538 (Ext-101)
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
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