Carbon Fiber Reinforced Plastics (CFRP) Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026

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Carbon Fiber Reinforced Plastics market - Global
Industry Insight, Trends, Outlook, and
Opportunity Analysis 2017-2025

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REPORT DESCRIPTION
Carbon Fiber Reinforced Plastics market Overview
Fiber reinforced composites finds its application
in various fields of engineering such as
automotive, aerospace, and defense industries.
Various advancements in technology, have led to
development of lightweight composites with high
tensile strength. Carbon fiber reinforced
plastic, also referred to as carbon fiber
reinforced thermoplastics, and is manufactured by
blending carbon fiber with plastic, in order to
enhance its strength. Carbon filaments produced
from polymers such as polyacrylonitrile (PAN),
rayon, and petroleum pitch, are the essential
elements used in the manufacturing of CFRP. The
carbon fiber is woven into resin, mostly epoxy
resin, to culminate in the formation of a
material exhibiting extremely high strength,
rigidity, low density, excellent damping
properties, and high resistance to thermal
expansion. CFRP also exhibits enhanced electrical
and thermal conductivity as compared to glass
fiber reinforced plastics (GRP). These key
attributes of CFRP allow for its incorporation in
a wide range of applications such as aerospace
defense, wind energy, automotive, sports
equipment, construction equipment, pipe tanks,
marine, electrical, and electronics. Methods such
as molding, vacuum bagging, compression bolding,
and filament winding are used in the
manufacturing of CFRP. Carbon fiber and carbon
fiber reinforced polymers are recognized as clean
energy technologies by the U.S. Department of
Energy (DOE), Office of Energy Efficiency, and
Renewable Energy (EERE). Major contributors of
the CFRP market share include the aerospace,
defense, wind energy, and sports equipment
industries..
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REPORT DESCRIPTION

• Carbon Fiber Reinforced Plastics market Taxonomy
• The global CFRP market is classified on the basis
  of the following segments
• By raw material type
• Polyacrylonitrile (Pan-Based) Carbon Fibers
• Polyacrylonitrile (Pan-Based) Carbon Fibers, by
  Tow size
• Small-Tow
• Large-Tow
• Pitch-Based Carbon Fiber
• Rayon-Based Carbon Fiber
• By resin type
• Thermosetting CFRP
• Thermoplastic CFRP
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REPORT DESCRIPTION
Carbon Fiber Reinforced Plastics Market
Prevalent Scenario Carbon fiber reinforced
plastics are extensively used in the aerospace
industry for manufacturing aircraft. Aircraft
manufacturers such as Boeing and Airbus are
enormously investing in research and development
activities as means of manufacturing aircraft
capable of withstanding high environmental
stresses. These aerospace applications are
subject to high standards, stringent compliances,
and incur high licensing inspection costs.
Stringent regulations on vehicle emissions have
compelled the key automotive manufacturers such
as Volkswagen, BMW, Ferrari, and Audi to lay more
emphasize on reducing the weight of automobiles.
The cost of manufacturing of CFRP products is
higher than that of glass and steel polymers,
thus resulting in higher selling price of these
products. Research and development of the CFRP
products and its incorporation into a wide range
of applications, also incurs high costs. The
manufacturing of CFRP products is highly
dependent on the supply of large volumes of raw
materials, which leads to limited production
capacities. North America market contributes to a
larger market share as compared to Europe, due to
increasing research and development in aerospace
and defense industries in the region. However,
the presence of large number of major automobile
manufacturers in Europe, positions it as a high
growth region in the global CFRP market. To Get
PDF of this Report https//www.coherentmarketinsi
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