CF & CFRP Market 2017 by End-Use Industry, Resin Type, Manufacturing Process, Raw Material, and Region – Global Forecast to 2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The “CF
& CFRP Market by End-Use Industry (A&D, Wind Energy, Automotive, Sports,
Civil Engineering, Pipe & Tank, Marine, Medical, E&E), Resin Type
(Thermosetting, Thermoplastic), Manufacturing Process, Raw Material, and
Region – Global Forecast to 2022” report has been added to Research
and Markets’ offering.

The global market for Carbon Fiber Reinforced Plastic (CFRP), in terms
of value, is projected to reach USD 37.19 Billion by 2022, at a CAGR of
10.50% between 2017 and 2022.

Major factors fueling the growth of the CFRP market are increasing use
of carbon fiber composites in Boeing and Airbus aircraft, and rise in
demand for lightweight vehicles to achieve fuel efficiency and
production of electricity from renewables. The major restraint for
growth of the CFRP market is high cost of carbon fiber. The price of
automotive grade carbon fiber currently ranges between USD 8/lb and USD
15/lb. If this price is decreased to USD 5/lb -USD7/lb, then carbon
fiber can be used for mass production of automobiles.

Carbon fiber composites are being used to manufacture lightweight cars
for good performance and luxury at economical price. Several key market
players are responding to the needs and expectations of vehicle Original
Equipment Manufacturers (OEMs), system suppliers, and customers.

The key driver for 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. Additionally, several car companies, such as BMW (Germany), Audi
(Germany), and GM (U.S.) have signed agreements with carbon fiber
composite manufacturers to support low-cost carbon fiber composites
manufacturing.

Europe is the fastest-growing market for CFRP, in terms of value and
volume. High economic growth rate, rise in the number of manufacturing
industries, increasing carbon fiber composites patents, new product
developments, capacity expansions, and new plant establishments by
various leading players are factors fueling the growth of the CFRP
market in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Macroeconomic Overview And Key Trends

7 Cf Market, By Raw Material Type

8 CFRP Market, By Resin Type

9 CFRP Market, By Manufacturing Process

10 CFRP Market, By End-Use Industry

11 CFRP Market, By Region

12 Competitive Landscape

13 Company Profiles

• Aeron Composite Pvt. Ltd.
• BGF Industries
• Crosby Composites
• Cytec Solvay Group
• Dowaksa
• Formosa Plastics Corporation
• Gurit Holdings Ag
• Hc Composite
• Hexcel Corporation
• Hindoostan Composite Solutions
• Hyosung
• Kemrock Industries And Exports Ltd.
• Mitsubishi Chemical Holdings Corporation
• Nippon Graphite Fiber Corporation
• Park Electrochemical Corporation
• Plasan Carbon Composites
• Royal Dsm
• Sgl Group
• Sigmatex Limited
• SK Chemicals
• Taekwang Industrial Co. Ltd.
• Teijin Limited
• Tencate
• Toray Industries Inc.
• Zhongao Carbon

For more information about this report visit https://www.researchandmarkets.com/research/rh39bw/cf_and_cfrp

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Related
Topics: Plastic
Resins