The latest market report published by Credence Research, Inc. “Carbon Fiber Reinforced Plastic Market , By Manufacturing Process (Prepreg Layup, Pultrusion & Winding, Wet Lamination & Infusion, Press & Injection, and Others), By Application (Aerospace, Automotive, Energy, Sports Equipment, Construction, and Others) and By Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global carbon fiber reinforced plastic market was valued at US$ 32.21 Bn in 2016, and is expected to each US$ 67.94 Bn by 2025, expanding at a CAGR of 9.3% from 2017 to 2025.
Browse the full report Carbon Fiber Reinforced Plastic (CFRP) Market – Growth, Future Prospects and Competitive Analysis, 2017-2025 report at https://www.credenceresearch.com/report/carbon-fiber-reinforced-plastic-cfrp-market
The goal of the report is to explain the state of the Carbon Fiber Reinforced Plastic (CFRP) market in the US, to present imports, exports, original and retrospective information about the volumes and dynamics of production and consumption, the features of the market for the period 2017-2025 and to develop a forecast for the market growth until 2025. In the same way, the report performs an elaborate survey of the main market participants, the price variations, the growth and demand drivers of the market and the factors, influencing its development. Last but not least, the report shows a general overview of the economy of US and EU in 2017-2025 and a projection for its growth in the medium term.
The global market for carbon fiber reinforced plastic is gaining momentum with increasing consumption of these composites from various end use industries such as aerospace, automotive, and energy among others. Features such as high strength to weight ratio, superior performance than other materials and environment friendly nature of CFRP composite is expected to drive the market growth in near future.
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Geographically, the Carbon Fiber Reinforced Plastic (CFRP) Market report includes dedicated sections centering on the regional market revenue and trends. The Carbon Fiber Reinforced Plastic (CFRP) market has been divided on the premise of geographic regions into North America, Europe, Asia Pacific and (RoW). The RoW section consists Latin America and also the Near East & Africa. The Carbon Fiber Reinforced Plastic (CFRP) market has been extensively analyzed on the idea of assorted regional factors like demographics, gross domestic product (GDP), the rate of inflation, acceptance, and others. Carbon Fiber Reinforced Plastic (CFRP) Market estimates have still been provided for the historical years 2013 & 2014 along with the forecast for the duration from 2017 – 2025.
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Toray Industries, Inc., Teijin Limited, Mitsubishi Rayon Co., Ltd., SGL Group, Hexcel Corporation and Formosa Plastics.
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