Carbon fiber reinforced Plastic Market Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Carbon fiber reinforced plastic are plastic strengthened by carbon fiber to serve as end component in various end user industries. Carbon reinforced plastics are much stronger than the conventional plastics and are comparatively lighter in weight to other metal or ceramic alternatives. Carbon fiber reinforced plastics are widely used in the manufacture of lightweight and compact components in the automotive and transportation sector.

MARKET DYNAMICS

The carbon fiber reinforced plastic market is anticipated to witness high growth in the forecast period owing to the growing demands from the aerospace industry and increasing adoption of fuel-efficient and light-weight vehicles. However, high costs of the CRPFs and inadequate production capacity restrict the market growth. On the other hand, the carbon fiber reinforced plastic market is likely to grow with emerging demands from Asia-Pacific Region and shifting focus towards the development of low costs products and technologies during the forecast period.

MARKET SCOPE

The "Global Carbon Fiber Reinforced Plastic Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of carbon fiber reinforced plastic market with detailed market segmentation by raw material, resin type, end user industry and geography. The global carbon fiber reinforced plastic market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading carbon fiber reinforced plastic market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global carbon fiber reinforced plastic market is segmented on the basis of raw material, resin type and end user industry. Based on raw material, the market is segmented as PAN based and pitch based. PAN based market is further sub-segmented as Virgin Fiber (VCF) and Recycled Fiber (RCF). Pitch based market is also sub-segmented as Virgin Fiber (VCF) and Recycled Fiber (RCF). On the basis of the resin type, the market is segmented as Thermosetting CRFPs and Thermoplastics CRFPs. The market on the basis of the end user industry is classified as aerospace, automobiles, sports and leisure, building & construction, wind power industry and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global carbon fiber reinforced plastic market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The carbon fiber reinforced plastic market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting carbon fiber reinforced plastic market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the carbon fiber reinforced plastic market in these regions.

MARKET PLAYERS

The reports cover key developments in the carbon fiber reinforced plastic market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from carbon fiber reinforced plastic market are anticipated to lucrative growth opportunities in the future with the rising demand for carbon fiber reinforced plastic in the global market. Below mentioned is the list of few companies engaged in the carbon fiber reinforced plastic market.

The report also includes the profiles of key carbon fiber reinforced plastic companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• DowAksa
• Formosa Plastics Corporation
• Formtech Composites
• Hexcel Corporation
• JEC Group
• Mitsubishi Chemical Holdings Corporation
• SABIC
• SGL Carbon
• TEIJIN LIMITED
• TORAY INDUSTRIES, INC.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Carbon fiber reinforced Plastic Report Scope