Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size and Forecasts to 2023
The report on global Carbon Fiber Reinforced Plastic market provides qualitative and quantitative analysis for the period of 2015 t2023. The report predicts the global Carbon Fiber Reinforced Plastic markettgrow with a CAGR between9.5%and 10.0 % from 2017 t2023. The study on Carbon Fiber Reinforced Plastic market covers the analysis of regions such as North America, Europe, Asia Pacific, and Rest of the World. Among the geographies Asia Pacific dominated the world market with the highest CAGR over the forecast period.
The report on global Carbon Fiber Reinforced Plastic market is a comprehensive study of demand, market size, forecasts, trends and factors affecting the global Carbon Fiber Reinforced Plastic market. Moreover, the report is collective presentation of primary and secondary research findings. In addition, it provides deep insights on the factors that driving, restraining the global Carbon Fiber Reinforced Plastic market. Porter’s five forces model in the report provides insights intthe competitive rivalry in the global Carbon Fiber Reinforced Plastic market over the period of 2017 – 2023. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.
• Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
• Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include
• Company reports and publications
• Government/institutional publications
• Trade and associations’ journals
• Databases such as WTO, OECD, and World bank, among others.
• Websites and publications by research agencies
• Increasing demand from Automotive Industry
• Increasing demand from Aerospace Industry
• Growth in Defence Sector
• Cost-Effective CFRP
• Rising Demand for Carbon Fiber Reinforced Plastic in Sports applications
• Research and development in the aviation industry for manufacturing components
1) Global Carbon Fiber Reinforced Plastic market by Raw-Material
b) Petroleum pitch
c) Others (Rayon, Coal Tar Pitch
2) Global Carbon Fiber Reinforced Plastic market by Type
3) Global Carbon Fiber Reinforced Plastic market by Application
a) Aerospace & Defence
b) Wind Turbines
c) Sports Equipment
e) Sports Equipment
f) Building & Construction
g) Molding Compounds
4) Global Carbon Fiber Reinforced Plastic market by Manufacturing Process
a) Prepreg Layup
b) Pultrusion and Winding
c) Wet Lamination & Infusion
d) Press and Injection
5) Global Carbon Fiber Reinforced Plastic market by Region
The companies covered in the report include
• Cytec Industries Inc.
• DowAksa Advanced Composites Holding B.V.
• Formosa Plastics Corporation
• Hexcel Corporation
• JIANGSU HENGSHEN FIBRE MATERIALS CO., LTD
• Mitsubishi Rayon Co., Ltd.
• SGL CARBON SE
• Teijin Limited.
• Toray Industries, Inc.
• ZhongfuShenying Carbon Fiber Co., Ltd.
Reasons tbuy this report
1) Comprehensive analysis of global as well as regional markets of Carbon Fiber Reinforced Plastic
2) Complete coverage of all the product type and applications segments tanalyze the trends, developments in Carbon Fiber Reinforced Plastic market, and forecast of market size up t2023.
3) Comprehensive analysis of the companies operating in Carbon Fiber Reinforced Plastic market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4) Infinium Global Research- Growth Matrix presents analysis of the product segments and geographies that market players should focus tinvest, consolidate, expand and/or diversify.
Global Carbon Fiber Reinforced Plastic (CRFP) Market is driven by factors such as, increasing demand in the automotive and aerospace industry. Moreover, growth in defense sector is likely to boost the market size of Carbon Fiber Reinforced Plastic over the next few years. On the other hand, the restraining factors identified in the study include demand for lightweight & cost-effective CFRP.