Carbon fiber reinforced plastic is a lightweight, high-strength composite material. It is therefore suitable for use in a number of industries including aerospace and defense, wind energy, automotive, sports equipment, marine, civil engineering and molding. Carbon fiber is also becoming the material of choice for creating laptops, tripods, sports racket frames, and rigid instrument frameworks. Carbon fibers are made up of high-strength crystalline filaments made of several microns of carbon atoms.
The carbon fiber reinforced plastics market is growing at a significant rate mainly due to increasing demand from industries such as aerospace and automotive. The aerospace industry is the largest end-user industry in the carbon fiber reinforced plastics market, but automobiles are growing at the fastest rate. Europe and North America are major markets for carbon fiber reinforced plastics.
Carbon Fiber Reinforced Plastics Market size is projected to grow at an annual average of 4% over 2021-2027, reaching $134.8 million in 2020 to $178.4 million by 2027.
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Following are the segments covered by the report are:
- Thermosetting
- Thermoplastic
By Application:
- Aerospace and Defense
- Wind Energy
- Automobile
- Manufacture
- Marine
- Others
The Key manufacturers that are operating in the global Carbon Fiber Reinforced Plastic market are:
- Cytec Industries
- Toray Industries
- SGL-Group
- Hexcel
- Teijin
- Mitsubishi Rayon
- Hyosung
- Plasan Carbon Composites
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Scope of the Report
The research study analyzes the global 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 Fiber Reinforced Plastic Market Report
1. What was the Fiber Reinforced Plastic Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Fiber Reinforced Plastic Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Fiber Reinforced Plastic Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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