According to the new market research report by IndustryARC titled “Carbon Fiber Reinforced Plastic Market: By Type (Thermoplastic, Thermosetting); By Applications (Automobile, Aviation,Defense, Marine, Others) – With Forecast 2018-2023”, the market is driven by the growing utilization of applications such as automobiles and wind energy.
Asia Pacific dominates the Carbon Fiber Reinforced Plastic Market during forecast period:
Asia Pacific is expected to dominate the Carbon Fiber Reinforced Plastic Market with increasing adoption of CFRP in the automotive and aerospace industries due to its declining prices. China is the fastest growing region and is expected to reach $1.1 billion at 12.6% CAGR. This region accounts for a larger share of global wind energy production and has seen a rise in the wind energy capacity of installations. Hence, the CFRP market in China focuses on the wind energy industry.
In Americas, aerospace and the defense industry are the primary markets in the US. CFRP products are used in Blackhawk helicopters, helmets, body armor, and other military applications such as rocket motor casing, satellites, and missiles.
Selected Analysis done in the Carbon Fiber Reinforced Plastic Market Report:
Defense is the dominant application in the Carbon Fiber Reinforced Plastic Market due to large scale use of carbon fiber as well as use of high value materials. CFRP is used to manufacture specialty components for missile systems, radar panels, rocket motor casing, ballistics applications, and nuclear submarine propulsion systems. M80 Stileto is the largest naval vessel in the US, built using carbon-fiber composites. The materials used in military composites include Kevlar, fiberglass and carbon fiber. U.S. DOD aims to replace UH-60 Black Hawk with Bell Helicopter’s V-280 which incorporates carbon fibers in its wings, fuselage and tail. Other countries like Russia, India and Japan are increasingly using CFRP materials in Submarines, Jets, Sonar Domes and truck components.
U.S., Russia, U.K., India and China spend heavily on defense equipment and maintenance of army. The need for agility during sudden attacks and upgrading the defense technologies has led to the shift from conventional materials to fiber reinforced materials.
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https://industryarc.com/Report/11646/carbon-fiber-reinforced-plastic-market.html/summary
Excerpts on Market Growth Factors:
• Carbon fiber reinforced plastic is mostly utilized in myriad applications, despite the high price due to the performance factor. Industries such as aerospace and automobile have also utilized CFRP products in the recent past.
• Automobile manufacturers have increased their capability of producing lightweight materials by using CFRP composites.
• The Wind energy segment is expected to become an important sector for CFRP composites. The other industry verticals in the CFRP market have been seeing stagnant growth in developed economies. However, wind energy generation has been witnessing a high growth as it adheres to new energy regulations.
Key players of the Carbon Fiber Reinforced Plastic Industry:
Teijin dominates the Carbon Fiber Reinforced Plastic Market followed by Toray and Cytec. Teijin produces advanced fibers such as aramid and Carbon fibers. The company is working hard to expand its business further. It has provided a breakthrough in medical solutions. Toray produces synthetic fibers such as nylon, polyester, and acrylic. PAN based CFRP is also produced by the company and is used in aerospace and other applications. Cytec produces technologically advanced materials for aerospace industries.
Carbon Fiber Reinforced Plastic Report Is Segmented As Below:
Robust growth rates in automobile and aerospace sectors drive the demand for the Carbon Fiber Reinforced Plastic Market in the coming years.
A. By Type of Services
1. Thermosetting
1.1. Epoxy Resin
1.2. Polyester Resin
1.3. Vinyl Ester Resin
1.4. Phenolic
1.5. Polyimide Resins
1.6. Others
2. Thermoplastic
2.1. Polyether Ether Ketone (Peek)
2.2. Polypropylene
2.3. Nylon
2.4. Acrylic Resins
2.5. Polyamide Resins
2.6. Others
B. By Application
1. Automobile
2. Industrial
3. Aviation and Aerospace
4. Marine
5. Defence
6. Electrical & Electronic
7. Medical
8. Sports Equipment
9. Wind Energy
10. Civil Engineering
11. Others
C. By Geography(covers 11+ countries)
D. By Entropy
Company Citied/ Interviewed
1. SGL CARBON SE (SGL GROUP)
2. TEIJIN LTD.
3. TORAY INDUSTRIES INC.
4. NIPPON CARBON CO. LTD.
5. MITSUBISHI RAYON CO. LTD.
6. FORMOSA PLASTICS CORPORATION
7. CYTEC SOLVAY GROUP
8. DOWAKSA
9. GKN AEROSPACE
10. HEXCEL CORPORATION
11. Company 11
12. Company 12
13. Company 13
14. Company 14+
Related Report:
A. FRP Rebar Market
https://industryarc.com/Report/15863/frp-rebar-market.html
B. FRP/GRP/GRE Pipe Market
https://industryarc.com/Report/16469/frpgrpgre-pipe-market.html
What can you expect from the report?
The Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
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3. Find out market shares for other smaller companies or companies which are of interest to you.
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Carbon Fiber Reinforced Plastic market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Carbon Fiber Reinforced Plastic market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Carbon Fiber Reinforced Plastic market is segmented into:ThermosettingThermoplasticDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60370/global-china-carbon-fiber-reinforced-plastic-2026-535Segment by Application, the Carbon Fiber Reinforced Plastic market is segmented into:Aerospace And DefenseWind EnergyAutomobileManufactureMarineOthersRegional and Country-level Analysis:The Carbon Fiber Reinforced Plastic market is analysed and market size information is provided by regions (countries).The key regions covered in the Carbon Fiber Reinforced Plastic market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Carbon Fiber Reinforced Plastic Market Share Analysis:Carbon Fiber Reinforced Plastic market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
The Global Carbon Fiber Reinforced Plastic Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on raw material, product and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Carbon Fiber Reinforced Plastic Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/15458-carbon-fiber-reinforced-plastic-market-reportThe report also covers the complete competitive landscape of the global Carbon Fiber Reinforced Plastic market with company profiles of key players such as:Cytec Solvay GroupDowAksaFormosa Plastics CorporationGurit Holding AGHexcel CorporationHyosung CorporationKringlan Composites AGMitsubishi Rayon Co., Ltd.Plasan Carbon CompositesSGL GroupTeijin LimitedTenCate NVToho Tenax Co., Ltd.Toray Industries, Inc.Zoltek Companies, Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Raw Material:PAN-basedPitch-basedBy Product:Thermosetting CFRPThermoplastic CFRPBy Applications:AutomotiveAerospaceWind TurbinesSport EquipmentMolding & CompoundingConstructionPressure VesselsOtherBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global Carbon Fiber Reinforced Plastic Market @ https://www.decisiondatabases.com/contact/download-sample-15458The Global Carbon Fiber Reinforced Plastic Market has been exhibited in detail in the following chapters –Chapter 1 Carbon Fiber Reinforced Plastic Market PrefaceChapter 2 Executive SummaryChapter 3 Carbon Fiber Reinforced Plastic Industry AnalysisChapter 4 Carbon Fiber Reinforced Plastic Market Value Chain AnalysisChapter 5 Carbon Fiber Reinforced Plastic Market Analysis By Raw MaterialChapter 6 Carbon Fiber Reinforced Plastic Market Analysis By ProductChapter 7 Carbon Fiber Reinforced Plastic Market Analysis By ApplicationsChapter 8 Carbon Fiber Reinforced Plastic Market Analysis By GeographyChapter 9 Competitive Landscape Of Carbon Fiber Reinforced Plastic CompaniesChapter 10 Company Profiles Of Carbon Fiber Reinforced Plastic IndustryPurchase the complete Global Carbon Fiber Reinforced Plastic Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-15458Other Reports by DecisionDatabases.com:Global Plasticizers Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Molded Plastics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Automotive Plastics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
