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

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Carbon Fiber Reinforced Plastic MarketMarket
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.
• This is mainly due to tensile strength carried by
  CFRP, which falls between 1500 and 3500 MPa,
  whereas its metallic counterparts such as
  aluminum and steel only possess tensile strength
  of 450600 MPa and 7501500 MPa, respectively.
• 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 sector.

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By Type Segment Analysis The thermosetting
segment held the largest share in the carbon
fiber reinforced plastic (CFRP) market in 2019,
owing to the superior characteristics of
thermosetting CFRP over thermoplastic CFRP.
Unlike thermoplastics, they retain their strength
and shape even when heated. This makes
thermosetting plastics well-suited to the
production of permanent components and large,
solid shapes. Furthermore, these components have
outstanding high strength-to-weight ratio
performance, enhanced dielectric strength, low
thermal conductivity.
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• Carbon Fiber Reinforced Plastic Market Industry
  Outlook 
• SGL Carbon SE
• Teijin Ltd
• Toray Industries Inc
• Cytec Industries Inc
• Mitsubishi Rayon Co. Ltd
• Farmosa Plastics Corporation
• Nippon Carbon Co. Ltd
• DowAksa Advanced Composites Holdings BV
• Hexcel Corporation
• and Hyosung Advanced Materials.

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Carbon Fiber Reinforced Plastic Market -
Forecast(2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/116
46/carbon-fiber-reinforced-plastic-market.html
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• Analyst Briefing
• Data Tables
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Reddy Contact (1) 970-236-3677 Email
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