Carbon Fiber Reinforced Plastic (CFRP) Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
307376 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Carbon Fiber Reinforced Plastic (CFRP) market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Carbon Fiber Reinforced Plastic (CFRP) is projected to rise moderately in the projected time frame of 2023-2030.
CFRPs are high-strength and lightweight composite materials that contain a matrix, which is generally a polymer resin, and carbon fiber, a reinforcement material. Epoxy is the most commonly used polymer resin for manufacturing CFRPs. However, other polymers such as polyester, vinyl ester, or nylon are also used as reinforcement matrices. The properties of these plastics depend on the structure of the carbon fiber and that of the binding matrix (resin) material. Silica, rubber, and nanotubes are also used for reinforcement. The reinforcing phase is either in continuous or discontinuous form.
CFRP products offer higher weight saving and thus a better fuel economy than the traditional materials such as steel and aluminum. Vehicle manufacturers are obliged to reduce the average energy consumption of vehicles, and this goal can be met using lightweight products. In addition, increased demands for eco-friendly and low VOCs products in vehicles enhance the need for CFRP products in automotive industry. Aerospace industry has strict performance product requirements for applications in commercial aircrafts, engines, satellites, helicopters, and launchers. Structural material in aircrafts such as panelling interiors are made using CFRP products. Though CFRP products offer such high weight savings, the price of CFRP products is approximately 10 times higher than the price of steel counterparts, which makes it difficult for CFRP products to expand in domestic markets. Only ultra-expensive vehicle manufacturers like Lamborghini use CFRP products for their supercars, which leads to uncertainty in supply of carbon fiber in automotive sector.
In terms of geography, EMEA accounted for the majority of shares in the carbon fiber reinforced plastic (CFRP) market during 2020. Our market analysts predict that this region will witness significant growth in the market till the end of the forecast period.
Global Carbon Fiber Reinforced Plastic (CFRP) market size will increase to xx Million US$ by 2030, from xx Million US$ in 2020, at a CAGR of xx% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Carbon Fiber Reinforced Plastic (CFRP).
Objectives of Research:
The overview of the global Carbon Fiber Reinforced Plastic (CFRP) market
Report comprised of the market companies, to describe and define and analyze the Carbon Fiber Reinforced Plastic (CFRP) market value, share competition landscape, development plans and SWOT analysis.
The report also involves the structure of the industry by identifying its several sub-segments.
To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market: The major competitors working in the market are:
, Hexcel, HYOSUNG, Mitsubishi Materials, SGL, TEIJIN, TORAY INDUSTRIES
Market by Order Type
PAN-Based
Pitch-Based
Rayon-Based
Carbon Fiber Reinforced Plastic (CFRP) Data by Application
Aerospace and Defense Industry
Wind Energy Industry
Automotive Industry
Sporting Goods Industry
Marine Industry
Others
Carbon Fiber Reinforced Plastic (CFRP) Production Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
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The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
Summary of the Carbon Fiber Reinforced Plastic (CFRP) market comprising definition
Carbon Fiber Reinforced Plastic (CFRP) Market – Industry Market Entry Scenario
4.1 Governing Outline Summary
4.2 New Business index
4.3 Case Studies of Positive Schemes
Carbon Fiber Reinforced Plastic (CFRP) Market Forces
5.1 Market Drivers
5.2 Market Restrains
5.3 Market New Opportunities
5.4 Market Challenges
5.4 Porters five force model
Carbon Fiber Reinforced Plastic (CFRP) Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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