Carbon Fiber and Carbon Fiber Reinforced Plastic Market – Trends and Forecasts to 2020 – Increasing Use of Carbon Fiber Composites in Boeing – Research and Markets
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/b22txs/carbon_fiber_cf) has announced the addition of the “Carbon Fiber (CF) and Carbon Fiber Reinforced Plastic (CFRP) Market – Trends and Forecasts to 2020” report to their offering.
The global CFRP market is projected to reach $35.75 billion by 2020, registering a CAGR of 9.9% between 2015 and 2020.
The major drivers fueling the growth of the CFRP market are increasing use of carbon fiber composites in Boeing and Airbus aircrafts and the demand for lightweight vehicles so as to achieve fuel efficiency and production of electricity from renewables.
The key driver for the growth of the market for carbon fiber composites is the increasing need for lighter, safer, cleaner, and more cost-effective vehicles. Most common automotive components where carbon fiber composites are used are exterior body parts, hoods, bonnets, and test plates.
North America is the fastest-growing market for CFRP, in terms of value and volume. High economic growth rate, growing manufacturing industries, increasing carbon fiber composites patents, new product developments, capacity expansions, and new plant establishments by various leading players are few factors leading to the growth of the market for CFRP in this region.
The U.S. dominates the market for CFRP in North America. Its consumption of carbon fiber composites has grown exceptionally and is expected to witness further growth in the near future. The number of joint ventures and collaborations between carbon fiber manufacturers and OEMs helped to further expand the CFRP business in the aerospace & defense, automotive, and other industries.
- Cytec Industries Inc.
- Formosa Plastics Corporation
- Hexcel Corporation
- Mitsubishi Rayon Co. Ltd.
- SGL Group
- Taekwang Industrial Co. Ltd.
- Teijin Limited
- Toray Industries Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Carbon Fiber Market, By Raw Material Type & Tow Size
8 CFRP Market, By Resin Type
9 CFRP Market, By Manufacturing Process
10 CFRP Market, By Application
11 CFRP Market, By Application
12 Competitive Landscape
13 Company Profiles
For more information visit http://www.researchandmarkets.com/research/b22txs/carbon_fiber_cf
Research and Markets
Laura Wood, Senior Manager
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Sector: Plastic Resins, Composites