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Carbon Fiber Reinforced Plastics (CFRP) Market .pdf



Original filename: Carbon Fiber Reinforced Plastics (CFRP) Market.pdf
Title: INTRODUCTION
Author: Raj Shah

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CARBON FIBER REINFORCED PLASTICS (CFRP) MARKET
- Global Industry Insights, Trends, Outlook, and Opportunity
Analysis, 2016–2024

© Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION

CFRP Market Overview
Fiber reinforced composites have been used in various fields of engineering since a long time, albeit their use
mainly limited to automotive, aerospace, and defense industries. Technological advancements have led to
development of lightweight composites with high tensile strength. Carbon fiber reinforced plastic is made by
blending carbon fiber into plastic in order to enhance its strength.The main element in manufacturing of CFRP is
carbon filament produced from polymers such as polyacrylonitrile (PAN), rayon, and petroleum pitch. The carbon
fiber is woven into resin, mostly epoxy resin. The resulting material exhibits 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. CFRP are
manufactured using methods such as molding, vacuum bagging, compression bolding, and filament winding.The
U.S. Department of Energy (DOE), Office of Energy Efficiency, and Renewable Energy (EERE)recognize carbon
fiber and carbon fiber reinforced polymers as clean energy technologies.Aerospace, defense, wind energy, and
sports equipment together contribute to a major market share.

© Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION
Global 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
Request Sample of Carbon Fiber Reinforced Plastics Market:
https://www.coherentmarketinsights.com/insight/request-sample/274
© Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION

Prevalent Scenario in Carbon Fiber Reinforced Plastics Market
Carbon Fiber Reinforced Plastics is extensively used in the aerospace industry for manufacturing the body of
aircraft. Aircraft manufacturers such as Boeing and Airbus are making major investments in research and
development of components for manufacturing aircrafts capable of withstanding high environmental stresses.
These aerospace applications are subject to high standards, stringent compliances, and incur high licensing &
inspection costs.Increasing regulations on vehicle emissions have forced the key automotive manufacturers such
as Volkswagen, BMW, Ferrari, Audi, and many more to emphasize more on reducing the weight of automobiles.
To curb weight of the vehicles, CFRP is being widely used as a polymer composite and it also results in improved
fuel efficiency. Also, stringent regulations such as Corporate Average Fuel Economy (CAFÉ) standards in U.S.
and carbon emission standards in Europe has led to increasing demand for lightweight composites for automotive
manufacturers which in turn is significantly driving growth of the CFRP market. Growing awareness about
renewable energy has led to increasing setting up of wind farms, which in turn fuels the demand for CFRP
products.The thermosetting CFRP products consist of cross-linked polymers, which do not melt at high
temperatures during the curing procedure.
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© Coherent market Insights. All Rights Reserved

ABOUT COHERENT MARKET INSIGHTS
ABOUT US
Coherent Market Insights is a global market intelligence and consulting
organization focused on assisting its plethora of clients achieve transformational
growth by helping them make critical business decisions. We are headquartered in
India, with an office at the global financial capital in the U.S. Our client base
includes players from across all business verticals in over 150 countries worldwide.
We are uniquely positioned to help businesses around the globe deliver practical
and lasting results through various recommendations about operational
improvements, technologies, emerging market trends and new working methods.
We offer both customized and syndicated market research reports that help our
clients create visionary growth plans to provide traction to their business. We
meticulously study emerging trends across various industries at both the global
and regional levels to identify new opportunities for our clientele.
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SYNDICATED RESEARCH
COUNTRY SPECIFIC
STUDIES

ABOUT COHERENT MARKET INSIGHTS
Industries we cater
SECTOR
COVERAGE
Healthcare

BIOTECHNO
LOGY

CLINICAL
DIAGNOSTI
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IMAGING

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Materials

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Materials

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Ingredients

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Ingredients

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Fine Chemicals
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& Resins

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Chemicals

ABOUT COHERENT MARKET INSIGHTS
KEY STATS

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SOLUTIONS

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REPORTS

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Year

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Date

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Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including
chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in
the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various
industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely
designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed
markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein.
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THANK YOU
To know more about us, visit our website:
www.coherentmarketinsights.com
For sales queries or new topics email us on:
sales@coherentmarketinsights.com
For other queries contact:
Mr. Shah
(Manager - Business Development)
Coherent Market Insights
sales@coherentmarketinsights.com
+1-206-701-6702
© Coherent market Insights. All Rights Reserved


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