CFRP are composite materials made through infusion of a resin and a carbon fiber reinforcement. They offer high weight savings, increased tensile strength, fatigue resistance, impact resistance and durability which make them ideal for use in diversified industrial applications. CFRP products are increasingly substituting metals in various automotive applications, primarily to reduce fuel consumption. They are used in manufacturing of tennis racquets, aerospace & automotive components, protective helmets, blades for wind turbines, molding compounds, plates for building & construction and imaging equipment structures. These materials can be used as a chemical or water purifier owing to carbon being a powerful absorbent.
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.
The global CFRP market was valued at 12300 million US$ in 2018 and will reach 24300 million US$ by the end of 2025, growing at a CAGR of 8.9% during 2019-2025.
This report focuses on CFRP volume and value at global level, regional level and company level. From a global perspective, this report represents overall CFRP market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of CFRP in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their CFRP manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Cytec Industries Inc.
DowAksa Advanced Composites Holdings B.V.
Formosa Plastics Corporation
Hexcel Corporation
Jiangsu Hengshen Fibre Material Co., Ltd.
Mitsubishi Rayon Co., Ltd
SGL Carbon SE
Teijin Limited.
Toray Industries, Inc.
Zhongfu Shenying Carbon Fiber Co., Ltd.
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Thermosetting
Thermoplastic
Segment by Application
Aerospace & Defense
Wind Turbines
Automotive
Sports Equipment
Building & Construction
Molding Compounds
Others
Summary:
Get latest Market Research Reports on CFRP. Industry analysis & Market Report on CFRP is a syndicated market report, published as Global CFRP Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of CFRP market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.