Global Carbon Fiber Reinforced Plastic (CFRP) Market Size, Share, Trends, Growth, Regional Outlook and Forecast 2025 - Credence Research
The global market for carbon fiber reinforced plastic is gaining momentum with increasing consumption of these composites from various end use industries such as aerospace, automotive, and energy among others.
(IINews) - The latest market report published by Credence Research, Inc. “Carbon Fiber Reinforced Plastic Market, By Manufacturing Process (Prepreg Layup, Pultrusion & Winding, Wet Lamination & Infusion, Press & Injection, and Others), By Application (Aerospace, Automotive, Energy, Sports Equipment, Construction, and Others) and By Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) - Growth, Future Prospects and Competitive Analysis, 2017 - 2025,” the global carbon fiber reinforced plastic market was valued at US$ 32.21 Bn in 2016, and is expected to each US$ 67.94 Bn by 2025, expanding at a CAGR of 9.3% from 2017 to 2025.
Browse the full Carbon Fiber Reinforced Plastic Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/carbon-fiber-reinforced-plastic-cfrp-market
Market Insights
The global market for carbon fiber reinforced plastic is gaining momentum with increasing consumption of these composites from various end use industries such as aerospace, automotive, and energy among others. Features such as high strength to weight ratio, superior performance than other materials and environment friendly nature of CFRP composite is expected to drive the market growth in near future.
Government regulations are imposed to increase fuel efficiency in Europe, and the U.S. has forced manufacturers to focus on automotive weight reduction which has fuelled the demand of CFRP composites in these region. However, its high cost has restrained its penetration across various application segments. North America is the largest market in terms of CFRP consumption and is expected to maintain its dominance between 2017 and 2025; however, this region will lose its share to Europe and Asia Pacific. Governmental regulations towards energy efficient & environmentally friendly products expected drive demand in North American region. Asia Pacific will be the fastest growing market during the forecasted period owing to increasing demand from growing economies such as China and India.
Browse the full Carbon Fiber Reinforced Plastic Market - Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/carbon-fiber-reinforced-plastic-cfrp-market
Competitive Insights
Carbon fiber reinforced plastic market is oligopolistic in nature, dominated by few major players such as Toray Industries, Inc., Teijin Limited, Mitsubishi Rayon Co., Ltd., SGL Group, Hexcel Corporation and Formosa Plastics. Involvement of key manufacturers in low-cost product development is expected to create new avenues for major participants over the next few years.
Key Trends
Emerging economies with rising middle class population and rising disposable income offering huge growth potential
Emerging applications of CFRP composite market
Latest Reports :
Edible Oils Market : http://www.credenceresearch.com/press/global-edible-oils-market
Ediscovery Market : http://www.credenceresearch.com/press/global-e-discovery-market
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
Ph: 1-800-361-8290
E-mail: sales(at)credenceresearch.com
Web: http://www.credenceresearch.com
Themen in diesem Fachartikel:
Unternehmensinformation / Kurzprofil:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
8600105882
Datum: 26.12.2017 - 11:04 Uhr
Sprache: Deutsch
News-ID 1565520
Anzahl Zeichen: 0
Kontakt-Informationen:
Ansprechpartner: Pramod Parmar
Stadt:
Pune
Telefon: 08600105882
Kategorie:
Essen und Trinken
Anmerkungen:
Dieser Fachartikel wurde bisher 108 mal aufgerufen.
Der Fachartikel mit dem Titel:
"Global Carbon Fiber Reinforced Plastic (CFRP) Market Size, Share, Trends, Growth, Regional Outlook and Forecast 2025 - Credence Research
"
steht unter der journalistisch-redaktionellen Verantwortung von
credence research (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).