Global CFRP Market Will Grow At A CAGR Of 13.07% During 2014-2019

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CFRP is a composite material with the following properties: high tensile strength, lightweight, stiffness, durability, fatigue, and corrosion resistance. This material is manufactured using PAN-based or pitch-based fibers. It is used for applications such as wind turbines, aerospace, sport/leisure, molding, automotive, pressure vessel, and others.

Technavio’s analysts forecast the global CFRP market to grow at a CAGR of 13.07% over the period 2014-2019.

Covered in this Report
The global CFRP market can be segmented into two based on type: thermosetting CFRP and thermoplastic CFRP. Thermosetting CFRP is widely used as it has excellent resistance to solvents and corrosives, heat, and high temperature.

Technavio’s report, Global CFRP Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the global CFRP market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Regions

Key Vendors
Formosa Plastics
Mitsubishi Rayon Carbon Fiber and Composite
SGL Group
Toho Tenax America
Toray Industries

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Other Prominent Vendors
Composite Holding
Crosby Composites
Cytec Industries
GKN Aerospace
Gurit Holdings
Kringlan Composites
Nippon Graphite Fibre
Plasan Carbon Composites

Market Driver
Demand from Automotive Sector
For a full, detailed list, view our report

Market Challenge
High Cost of Carbon Fibers
For a full, detailed list, view our report

Market Trend
Growing Demand for Electric and Hybrid Vehicles
For a full, detailed list, view our report

Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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