The new report of Chemical and Materials industry “Global CF & CFRP Market accounted for USD 20.46 Billion in 2016 and is projected to grow at a CAGR of 10.5% during the forecast period of 2017 to 2024”, also the Global CF & CFRP Market, By Raw Material (Polyacrylonitrile Carbon Fibers, Pitch-Based Carbon Fiber, Rayon-Based Carbon Fiber), Resin Type (Thermosetting, Thermoplastic), Manufacturing Process (Lay-Up, Resin Transfer Molding, Compression Molding, Injection Molding, Filament Winding, Pultrusion), End User (Aerospace & Defense, Automotive, Wind Energy, Sporting Goods, Medical, Electronics, Marine) – Industry Trends and Forecast to 2024
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The Global CF & CFRP Market report consists of below pages:
- No of pages: 350
- No of Figures: 60
- No of Tables: 220
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Carbon fibers are characterized by advantages including high stiffness, compound resistance & rigidity, low weight & warm extension, high chemical resistance. CFRP is an extremely strong and light fiber-fortified plastic that contains carbon fibers.
They are used in aviation, automotive, civil engineering, sports merchandise industries which require high quality, lightweight and rigid materials.
Key Companies Analysis:
The global CF & CFRP market is consolidated due to the presence of limited number of players concentrated in few countries.
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Some of the major players operating in global CF & CFRP market are Toray Industries Inc., TEIJIN LIMITED, SGL Group, Mitsubishi Chemical Holding Corporation, and Formosa Plastics Corporation among others.
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Major Market Drivers:
- Ø Rising demand of fuel-efficient vehicles
- Ø Growing usage of CF & CFRP in the airbus aircraft
- Ø Concentrating on the electricity production from renewable sources
- Ø Increasing cost of carbon fiber composites
- Ø Inadequate production amalgamation
On the basis of raw material, the global CF & CFRP (Carbon Fibre…d Plastic) market is segmented into polyacrylonitrile (PAN-based) carbon fibers, pitch-based carbon fiber and rayon-based carbon fiber.
On the basis of resin type, the global CF & CFRP Carbon Fibre and Carbon Fibre Reinforced Plastic market is segmented into thermosetting CFRP and thermoplastic CFRP.
On the basis of manufacturing process, the global CF & CFRP Carbon Fibre and Carbon Fibre Reinforced Plastic market is segmented into lay-up, resin transfer molding, compression molding, injection molding, filament winding and pultrusion processes.
On the basis of end users, the global CF & CFRP Carbon Fibre and Carbon Fibre Reinforced Plastic market is segmented into aerospace & defense, automotive, wind energy, civil engineering, sporting goods, medical, electrical & electronics, marine and pipe & tank. Aerospace & Defense is sub segmented into exterior parts and interior parts.
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