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.
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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The qualitative study of drivers and limitations of Carbon Fiber Reinforced Plastic (CFRP) Market
Key players in the global Carbon Fiber Reinforced Plastic (CFRP) Market Include Toray Industries, Inc., Teijin Limited, Mitsubishi Rayon Co., Ltd., SGL Group, Hexcel Corporation and Formosa Plastics, among others.
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Gain up to date report and analysis about the global Carbon Fiber Reinforced Plastic (CFRP) Market
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Research methodology and delivery time
Credence Research has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications have been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
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