Pune, India -- (SBWIRE) -- 04/27/2018 -- Global CF & CFRP Market accounted for USD 20.46 Billion in 2016 and is projected to grow at a CAGR of 10.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global CF & CFRP Market, By Raw Material (Polyacrylonitrile Carbon Fibers, Pitch-Based Carbon Fiber, Rayon-Based Carbon Fiber), Resin Type (Thermosetting, Thermoplastic), Manufacturing Process (Lay-Up, Resin Transfer Molding, Compression Molding, Injection Molding, Filament Winding, Pultrusion), End User (Aerospace & Defense, Automotive, Wind Energy, Sporting Goods, Medical, Electronics, Marine) – Industry Trends and Forecast to 2024

Report Definition:

Carbon fibers are characterized by advantages including high stiffness, compound resistance & rigidity, low weight & warm extension, high chemical resistance. CFRP is an extremely strong and light fiber-fortified plastic that contains carbon fibers. They are used in aviation, automotive, civil engineering, sports merchandise industries which require high quality, lightweight and rigid materials.

Competitive Analysis:

The global CF & CFRP market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Key Players:

- Toray Industries Inc.
- TEIJIN LIMITED
- SGL Group
- Mitsubishi Chemical Holding Corporation
- Formosa Plastics Corporation

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Major Market Drivers:

? Rising demand of fuel-efficient vehicles
? Growing usage of CF & CFRP in the airbus aircraft
? Concentrating on the electricity production from renewable sources

Restraints:

? Increasing cost of carbon fiber composites
? Inadequate production amalgamation

Scope of the Report:

On the basis of raw material, the global CF & CFRP (Carbon Fibre and Carbon Fibre Reinforced Plastic) market is segmented into polyacrylonitrile (PAN-based) carbon fibers, pitch-based carbon fiber and rayon-based carbon fiber.

On the basis of resin type, the global CF & CFRP Carbon Fibre and Carbon Fibre Reinforced Plastic market is segmented into thermosetting CFRP and thermoplastic CFRP.

On the basis of manufacturing process, the global CF & CFRP Carbon Fibre and Carbon Fibre Reinforced Plastic market is segmented into lay-up, resin transfer molding, compression molding, injection molding, filament winding and pultrusion processes.

On the basis of end users, the global CF & CFRP Carbon Fibre and Carbon Fibre Reinforced Plastic market is segmented into aerospace & defense, automotive, wind energy, civil engineering, sporting goods, medical, electrical & electronics, marine and pipe & tank. Aerospace & Defense is sub segmented into exterior parts and interior parts.

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Research Methodology:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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