Global Carbon Fiber Reinforced Plastic (CFRP) Market Professional Survey Report 2019

CFRPs are high-strength and lightweight composite materials that contain a matrix, which is generally a polymer resin, and carbon fiber, a reinforcement material. Epoxy is the most commonly used polymer resin for manufacturing CFRPs. However, other polymers such as polyester, vinyl ester, or nylon are also used as reinforcement matrices. The properties of these plastics depend on the structure of the carbon fiber and that of the binding matrix (resin) material. Silica, rubber, and nanotubes are also used for reinforcement. The reinforcing phase is either in continuous or discontinuous form.
CFRP products offer higher weight saving and thus a better fuel economy than the traditional materials such as steel and aluminum. Vehicle manufacturers are obliged to reduce the average energy consumption of vehicles, and this goal can be met using lightweight products. In addition, increased demands for eco-friendly and low VOCs products in vehicles enhance the need for CFRP products in automotive industry. Aerospace industry has strict performance product requirements for applications in commercial aircrafts, engines, satellites, helicopters, and launchers. Structural material in aircrafts such as panelling interiors are made using CFRP products. Though CFRP products offer such high weight savings, the price of CFRP products is approximately 10 times higher than the price of steel counterparts, which makes it difficult for CFRP products to expand in domestic markets. Only ultra-expensive vehicle manufacturers like Lamborghini use CFRP products for their supercars, which leads to uncertainty in supply of carbon fiber in automotive sector.
In terms of geography, EMEA accounted for the majority of shares in the carbon fiber reinforced plastic (CFRP) market during 2017. Our market analysts predict that this region will witness significant growth in the market till the end of the forecast period. 

The global Carbon Fiber Reinforced Plastic (CFRP) market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Carbon Fiber Reinforced Plastic (CFRP) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Carbon Fiber Reinforced Plastic (CFRP) market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Carbon Fiber Reinforced Plastic (CFRP) in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Carbon Fiber Reinforced Plastic (CFRP) manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.

The following manufacturers are covered:
Hexcel
HYOSUNG
Mitsubishi Materials
SGL
TEIJIN
TORAY INDUSTRIES
...

Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India

Segment by Type
PAN-Based
Pitch-Based
Rayon-Based

Segment by Application
Aerospace and Defense Industry
Wind Energy Industry
Automotive Industry
Sporting Goods Industry
Marine Industry
Others

Frequently Asked Questions