Research and Markets has announced the addition of the "Carbon Fiber Reinforced Plastic (CFRP) Market Analysis By Raw Material, By Product, By Application And Segment Forecasts To 2024" report to their offering.
The global carbon fiber reinforced plastic (CFRP) market is expected to reach USD 27.98 billion by 2024. Increasing composites demand in the automotive industry is expected to remain a key driving factor for global CFRP market. Aerospace defense application segment contributed significantly to shape the overall revenue owing to the high cost of aerospace grade CFRP. Research and development in the aviation industry for manufacturing components capable of withstanding high environmental stresses is anticipated to fuel CFRP market growth over the next eight years.
Extensive R&D activities particularly in Japan and Europe have led to the emergence of numerous market players, which in turn is expected to drive the regional market demand. Escalating CFRP demand in sports applications, specifically in the Asia Pacific region, is anticipated to impel CFRP consumption.
Although CFRP offers excellent benefits due to its superior strength and lesser weight, its expensive nature has restricted its use to certain high performance applications only.
Companies Mentioned:
- DowAksa
- Cytec Solvay Group
- Toray Industries, Inc.
- SGL Group
- Hexcel Corporation
- Teijin Limited
- Mitsubishi Rayon Co., Ltd.
- Hyosung Corporation
- Gurit Holding AG
- Plasan Carbon Composites
- Kringlan Composites AG
- Formosa Plastics Corporation
- TenCate NV
- Toho Tenax Co., Ltd.
- Zoltek Companies, Inc.
Report Structure:
1 Methodology and Scope
2 Executive Summary
3 Market Snapshot
4 Market Variables, Trends Scope
5 Market Categorization 1: Raw Material Estimates Trend Analysis
6 Market Categorization 2: Product Estimates Trend Analysis
7 Market Categorization 3: Application Estimates Trend Analysis
8 Market Categorization 4: Regional Estimates Trend Analysis
9 Competitive Landscape
10 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/rnh2ls/carbon_fiber
View source version on businesswire.com: http://www.businesswire.com/news/home/20161021005481/en/
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Related Topics: Plastics, Composites