Carbon Fiber Reinforced Plastic Market - Forecast(2022 - 2027)

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Carbon Fiber Reinforced Plastic Market -
Forecast(2022 - 2027)Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report (2022 - 2027)
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• Carbon fiber reinforced plastic (CFRP) market
  size is forecast to reach 22.50 billion by 2025,
  after growing at a CAGR of 9.41 during
  2020-2025.
• owing to the increasing adoption of carbon fiber
  reinforced plastics over conventional metallic
  alloys in various end use industries such as
  automotive, aerospace, wind energy, and others.
• Growing demand from the aerospace industry and a
  rising preference for fuel efficient and
  light-weight vehicles are the major factors
  driving the carbon fiber reinforced plastic
  (CFRP) market during the forecast period.

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Key Takeaways

• Europe dominates the carbon fiber reinforced
  plastic (CFRP) market, owing to the increasing
  demand and production of lightweight vehicles in
  the region. According to OICA, in 2018 the
  production of light commercial vehicles has
  increased by 2.5 in Europe.
• The carbon fiber reinforced plastics are being
  widely used to manufacture sport equipment such
  as golf shafts, bicycles, skis, surfboards,
  helmets, racquets, hockey sticks, baseball bats
  and several other products. Its low maintenance
  cost and corrosion resistance properties are the
  major factor driving the market in the sports

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• By Distribution Channel- Segment Analysis
• Europe region held the largest share in the
  carbon fiber reinforced plastic (CFRP) market in
  2019 up to 34, owing to the increasing defense,
  and aerospace sectors in the region.
• The CFRP are particularly attractive to defense
  applications because of their exceptional
  strength, better stiffness-to-density ratios and
  superior physical properties.

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• Carbon Fiber Reinforced Plastic Market Outlook 
• SGL Carbon SE
• Teijin Ltd
• Toray Industries Inc
• Cytec Industries Inc
• Mitsubishi Rayon Co. Ltd
• Farmosa Plastics Corporation
• Nippon Carbon Co. Ltd
• Hexcel Corporation
• Hyosung

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Carbon Fiber Reinforced Plastic Market -
Forecast(2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/1164
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• Analyst Briefing
• Data Tables
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