The Carbon Fiber Reinforced Plastics Market Report 2019-2023 focuses on the global Carbon Fiber Reinforced Plastics status, future forecast, growth opportunity, key market, and key players.
The Carbon Fiber Reinforced Plastics Market report studies the global market size of Carbon Fiber Reinforced Plastics in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Carbon Fiber Reinforced Plastics in these regions. This research report categorizes the global Carbon Fiber Reinforced Plastics market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Carbon Fiber Reinforced Plastics include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- A&P Technology Inc.
- Applied Sciences
- Cytec Solvay Group
- Formosa Plastics Corporation – Tairylan Division
- Hexcel Corp.
- Holding Company Composite (HCC)
- Mitsubishi Rayon Co
- Nippon Graphite Fiber Corp.
- Quickstep Technologies Pty Ltd
- SGL Group-The Carbon Company
- Teijin Limited
- Toray Industries
- Toho Tenax Co
- Magna International Inc.
- Allred & Associates Inc.
- Cristex Composite Materials
- Elite Carbon Fiber Ltd.
- EPSILON COMPOSITE
- Formtech Composites
- Germa Composite
- Italica S.p.A
- NORCO GRP Ltd
- Polar Manufacturing Ltd
- ReVerie Limited
- Rochling Group
- Senior PLC
Overview of Carbon Fiber Reinforced Plastics Market Research Report 2019-2023:-
The global carbon fiber reinforced plastics (CFRP) market is expected to register a moderate growth during the forecast period (2019 – 2023). In 2017, North America was estimated to have the highest market share, followed by Asia-Pacific and Europe.
Rising Demand for Fuel Efficient and Light-Weight Vehicles
Growing environmental concerns, due to the increasing amounts of exhaust emissions, are consistently putting pressure on automobile manufacturers to manufacture vehicles that are fuel-efficient, thereby, minimizing the exhaust emissions. Light-weight materials and designs have become an important aspect in the design and manufacture of automobiles in recent times. In addition, the shifting focus of the governments across the world toward minimizing carbon emissions and enhancing the fuel economy of the vehicle has increased the importance of lightweight materials in the production of automobiles. Hence, the rising demand for light-weight vehicles is driving the studied market over the forecast period.
Thermosetting CFRPs is Dominating the Market
Thermoset resins are made of polymers that cross-link together during the curing procedure of carbon fiber to formulate an irreversible chemical bond at high temperatures. In 2017, the thermosetting CFRPs segment dominated the market for carbon fiber reinforced plastics and accounted for the largest global market share. CFRPs with thermoset resins offer improved temperature resistance, strength, rigidity, and greater performance at high temperature. Thermosetting CFRPs are highly used in end-user industries such as aerospace, automobiles, building & construction, and wind-power industry. However, these industries are focusing more on developing carbon fiber reinforced thermoplastics than on thermosetting plastics, due to their advantageous properties. The growing demand for thermosetting CFRPs in end-user industries across the world is a primary driver for the demand and consumption of carbon fiber reinforced plastics during the forecast period.
North America to Dominate the Market
North America dominated the global carbon fiber reinforced plastics market in 2017. The demand for CFRP is the region is mainly due to growing end-user industries. CFRPs are extensively used in major end-user industries in the region, such as aerospace, wind power, building & construction, and automotive. CFRP is considered to be a key ingredient in numerous areas of the automobile industry. The enactment of fuel economy norms has led the automobile manufacturers to using CFRP in the manufacturing of vehicles in place of steel and aluminum components and body. In addition, many automotive companies are expanding their production plants in countries, including the United States, Canada, and Mexico. Therefore, the demand for CFRP in North America is expected to grow during the forecast period.
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Reasons to Purchase this Report
Key questions answered in the Carbon Fiber Reinforced Plastics Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Carbon Fiber Reinforced Plastics market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Carbon Fiber Reinforced Plastics Market Research Report 2019-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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