Automotive is expected to remain the largest segment in the global Carbon Fiber Reinforced Plastic (CFRP) Market


Posted April 9, 2021 by Lucintel

An exciting new study from the team of Lucintel found that Carbon Fiber Reinforced Plastic (CFRP) market is expected to reach $27 billion by 2025 with a CAGR of 1.2%.

 
An exciting new study from the team of Lucintel found that Carbon Fiber Reinforced Plastic (CFRP) market is expected to reach $27 billion by 2025 with a CAGR of 1.2%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The Carbon Fiber Reinforced Plastic (CFRP) market is segmented based on end use industry, process type, resin type, and region. In this market, automotive is the largest segment by end use industry, whereas epoxy resin is largest by resin type. Players can benefit from the available opportunities like growing demand for high performance and lightweight composite materials and increasing performance requirements in the various end use industries.
Development of technologies to reduce the manufacturing cost of carbon fiber as well as part fabrication and reuse of CFRP as recycled carbon fiber reduces cost of product and environmental impact. are emerging trends having impact on dynamics of the industry.
GKN Fokker, Mitsubishi, Voith, Hexcel Corporation, SGL Group, Plasan Carbon Composite, DowAksa, and Toray are some of the major players profiled in this 182 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the carbon fiber reinforced plastic (CFRP) market by end use industry (aerospace, automotive, wind energy, marine, sporting goods, construction and pressure vessel), by process type (prepreg layup, RTM, injection molding, compression molding, filament winding, pultrusion, and others), by resin type (epoxy, phenolic, polyester, vinylester, PEEK, PPS, PEI, PA, and others), and region (North America, Europe, Asia Pacific and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the Carbon Fiber Reinforced Plastic (CFRP) market?
Q.4 What are some changing demands of customers in the Carbon Fiber Reinforced Plastic (CFRP) market?
Q.5 What are the new developments in the Carbon Fiber Reinforced Plastic (CFRP) market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this Carbon Fiber Reinforced Plastic (CFRP) area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this Carbon Fiber Reinforced Plastic (CFRP) market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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Tags Carbon Fiber Reinforced Plastic Market , CFRP Market
Last Updated April 9, 2021