Global Carbon Fiber Reinforced Plastic (CFRP) Market 2015-2019

Global Carbon Fiber Reinforced Plastic (CFRP) Market 2015-2019

About CFRP

CFRP is a composite material with the following properties: high tensile strength, lightweight, stiffness, durability, fatigue, and corrosion resistance. This material is manufactured using PAN-based or pitch-based fibers. It is used for applications such as wind turbines, aerospace, sport/leisure, molding, automotive, pressure vessel, and others.

Technavio's analysts forecast the global CFRP market to grow at a CAGR of 13.07% over the period 2014-2019.

Covered in this Report

The global CFRP market can be segmented into two based on type: thermosetting CFRP and thermoplastic CFRP. Thermosetting CFRP is widely used as it has excellent resistance to solvents and corrosives, heat, and high temperature.

Technavio's report, Global CFRP Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the global CFRP market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Regions

• Americas
• APAC
• EMEA

Key Vendors

• Formosa Plastics
• Hexcel
• Mitsubishi Rayon Carbon Fiber and Composite
• SGL Group
• Toho Tenax America
• Toray Industries
• Zoltek

Other Prominent Vendors

• Composite Holding
• Crosby Composites
• Cytec Industries
• DowAksa
• GKN Aerospace
• Gurit Holdings
• Hyosung
• Kringlan Composites
• Nippon Graphite Fibre
• Plasan Carbon Composites
• Teijin
• Tencate

Market Driver

• Demand from Automotive Sector
• For a full, detailed list, view our report

Market Challenge

• High Cost of Carbon Fibers
• For a full, detailed list, view our report

Market Trend

• Growing Demand for Electric and Hybrid Vehicles
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 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?

Press Release

Technavio Announces the Publication of its Research Report – Global Carbon Fiber Reinforced Plastic (CFRP) Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Carbon Fiber Reinforced Plastic (CFRP) Market: Formosa Plastics, Hexcel, Mitsubishi Rayon Carbon Fiber and Composite, SGL Group, Toho Tenax America, Toray, industries and Zoltek

Other Prominent Vendors in the market are: Composite Holding, Crosby Composites, Cytec Industries, DowAksa, GKN Aerospace, Gurit Holdings, Hyosung, Kringlan Composites, Nippon Graphite Fibre, Plasan Carbon Composites, Teijin and Tencate

Commenting on the report, an analyst from Technavio’s team said: “The fluctuating price of fuel drives the market for electric and hybrid vehicles, in which CFRP materials are used as they are lightweight and balance the heavy engines and motors used in the body. The use of CFRP in the manufacture of high-performance vehicle components such as chassis, hoods, wheels, and roofs also drives market growth.”

According to the report, the fluctuating price of fuel drives the market for electric and hybrid vehicles, in which CFRP materials are used as they are lightweight and balance the heavy engines and motors used in the body. The use of CFRP in the manufacture of high-performance vehicle components such as chassis, hoods, wheels, and roofs also drives market growth.

Further, the report states that the high cost of carbon fiber hinders market growth.

Companies Mentioned

Formosa Plastics , Hexcel , Mitsubishi Rayon Carbon Fiber and Composite, SGL Group, Toho Tenax America, Toray , industries , Zoltek, Composite Holding , Crosby Composites, Cytec Industries , DowAksa, GKN Aerospace, Gurit Holdings, Hyosung , Kringlan Composites, Nippon Graphite Fibre , Plasan Carbon Composites, Teijin , Tencate