Carbon Fiber Reinforced Plastics (CFRP) Market Size, Share, Growth, Outlook, and Opportunity Analysis, Forecast 2018 - 2026

                                                                            
Carbon fibre reinforced plastic (CFRP) is a composite material made up of a polymer matrix reinforced with fibres.

  Carbon Fiber Reinforced Plastics (CFRP) Market


Carbon fibre reinforced plastic (CFRP) is a composite material made up of a polymer matrix reinforced with fibres. Some of the most commonly used CFRPs are epoxy, polyester, nylon, and vinyl, which are typically produced by infusing a resin with a carbon fibre reinforcement. They are also made using a variety of other processes, such as layup, pultrusion and winding, compression and injection, and so on. These plastics have a variety of physical properties, including impact resistance, fatigue resistance, high tensile strength, durability, and low weight. As a result, they are widely used in the production of sports equipment, aerospace and automotive components, protective helmets, wind turbine blades, and construction materials.

High costs are also incurred in the research and development of CFRP products, as well as their incorporation into a wide range of applications. The production of CFRP products is highly dependent on the availability of large quantities of raw materials, resulting in limited production capacity. Because of the region's increased research and development in the aerospace and defence industries, North America has a larger Carbon fibre reinforced plastic market share than Europe. The presence of a large number of major automobile manufacturers in Europe, on the other hand, positions it as a high growth region in the global CFRP market.

Market Segmentation:

By Type
  • Polyacrylonitrile (PAN)
  • Petroleum Pitch
  • Others

By Resin Type
  • Thermosetting
  • Thermoplastic

By Application
  • Aerospace & Defense
  • Wind Turbines
  • Automotive
  • Sports Equipment
  • Building & Construction
  • Others
The global carbon fiber reinforced plastics market is highly fragmented due to the presence of many established and emerging players in the CFRP market. Major players involved in the market include Toray Industries Inc. (Japan), Teijin Limited (Japan), Mitsubishi Rayon Co. Ltd. (Japan), SGL-Group (Germany), Formosa Plastics Corporation (Taiwan), and Hexcel Corporation (U.S.).

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