Global Carbon Fiber Reinforced Polymer Market is expected to reach USD 32.4 Billion by 2024 from USD 15.23 Billion in 2016 at a CAGR of 11.2%. Increase in demand for lightweight component in automotive industry and high performance products in aerospace & defence drives the carbon fiber reinforced plastic market. Carbon fiber reinforced plastic products offer higher weight saving and thus a better fuel economy than the traditional materials such as steel and aluminum. Aerospace industry has strict performance product requirements for applications in commercial aircrafts, engines, satellites, helicopters, and launchers. High costs the price of carbon fiber reinforced plastic products is approximately 10 times higher than the price of steel counterpart is restraining the market for carbon fiber reinforced plastic . Automobile industry is the fastest growing segment of carbon fiber reinforced plastic market. Increasing demand for lightweight vehicles for increased fuel efficiency and low production cost is one of the key drivers of carbon fiber reinforced plastic market. Investment in the research and development in the automobile industry is further fueling the demand for carbon fiber reinforced plastic during the forecast period. Growing commercial aviation industry owing to rising international tourism is anticipated to consolidate the growth of carbon fiber reinforced plastic market. Stringent government laws regarding vehicle emissions and advanced mechanical properties of carbon fiber reinforced plastic will also lead to higher market growth worldwide. Europe is domination the cellulose acetate market. Chief manufacturers of wind turbines and accessories are located in Europe, a fact clearly reflected by its consumption of 70% of the carbon fibre used in Europe. North America is the next largest region in this area. Asia Pacific is anticipated to grow at highest CAGR.
Scope of the Report:
Carbon fiber reinforced polymer market, by Raw Material:• Poly acrylonitrile • Petroleum pitch • Coal Tar Pitch • Rayon
Carbon fiber reinforced polymer market, by Application:• Aerospace & Defence • Automobile sector • Construction projects wind mills • Medical devices • Molding Compounds • Civil engineering
Carbon fiber reinforced polymer market, by Manufacturing Process:• Compression and injection moulding • Filament winding • Pultrusion and Winding • Wet Lamination & Infusion
Carbon fiber reinforced polymer market, by Geography• North America • Europe • Asia Pacific • Middle East & Africa • Latin America Key players Analysed in the Report: • Cytec Industries, Inc. • Magna International, Inc. • Teijin Ltd. • Hexcel Corporation • SGL Group, Inc. • Gurit Holdings • Kringlan Composites • Mitsubishi Rayon Co. Ltd. • Plasan Carbon Composites • DowAksa Advanced Composites Holding B.V. • Formosa Plastics Corporation • Jiangsu Hengshen Fibre Materials Global Cellulose Acetate Market
Table of Contents
Global Carbon Fiber Reinforced Polymer1. EXECUTIVE SUMMARY 2. RESEARCH METHODOLOGY 2.1. Market Definition 2.2. Market Scope 2.3. Data Sources 3. MARKET DYNAMICS 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities 4. END-USER OVERVIEW 4.1. Value Chain Analysis 4.2. Key Trends 5. GLOBAL CARBON FIBRE REINFORCED POLYMER, BY RAW MATERIAL (2017-2024) 5.1. Introduction 5.2. Carbon fibre reinforced polymer, by raw material 5.2.1. Raw Material Market Overview 5.2.2. Raw Materials Market Size & Forecast 6. GLOBAL CARBON FIBRE REINFORCED POLYMER, BY MANUFACTURING PROCESS (2017-2024) 6.1. Introduction 6.2. Carbon fibre reinforced polymer, by Manufacturing Process 6.2.1. Manufacturing Process Market Overview 6.2.2. Manufacturing Process Market Size & Forecast 7. GLOBAL CARBON FIBRE REINFORCED POLYMER, BY GEOGRAPHY (2017-2024) 7.1. North America Carbon fibre reinforced polymer 7.1.1. North America Carbon fibre reinforced polymer, by Raw material 7.1.2. North America Carbon fibre reinforced polymer, by Manufacturing process 7.1.3. North America Carbon fibre reinforced polymer, by Region 126.96.36.199. U.S. Carbon fibre reinforced polymer 188.8.131.52. Canada Carbon fibre reinforced polymer 184.108.40.206. Rest of North America Carbon fibre reinforced polymer 7.2. Europe Carbon fibre reinforced polymer 7.2.1. Europe Carbon fibre reinforced polymer, by Raw material 7.2.2. Europe Carbon fibre reinforced polymer, by Manufacturing process 7.2.3. Europe Carbon fibre reinforced polymer, by Region 220.127.116.11. France Carbon fibre reinforced polymer 18.104.22.168. Germany Carbon fibre reinforced polymer 22.214.171.124. U.K .Carbon fibre reinforced polymer 126.96.36.199. Rest of Europe Carbon fibre reinforced polymer 7.3. Asia Pacific Carbon fibre reinforced polymer 7.3.1. Asia-Pacific Carbon fibre reinforced polymer, by Raw material 7.3.2. Asia-Pacific Carbon fibre reinforced polymer, by Manufacturing process 7.3.3. Asia-Pacific Carbon fibre reinforced polymer, by Region 188.8.131.52. China Carbon fibre reinforced polymer 184.108.40.206. Japan Carbon fibre reinforced polymer 220.127.116.11. India Carbon fibre reinforced polymer 18.104.22.168. Australia Carbon fibre reinforced polymer 22.214.171.124. South Korea Carbon fibre reinforced polymer 126.96.36.199. Rest of Asia Pacific Carbon fibre reinforced polymer Market 7.4. Middle East & Africa Carbon fibre reinforced polymer Market 7.4.1. Middle East & Africa Carbon fibre reinforced polymer Market, by raw material 7.4.2. Middle East & Africa, Carbon fibre reinforced polymer Market by manufacturing process 7.4.3. Middle East & Carbon fibre reinforced polymer Market by Region 188.8.131.52. South Africa Carbon fibre reinforced polymer Market 184.108.40.206. Egypt Market Carbon fibre reinforced polymer 220.127.116.11. Nigeria Market Carbon fibre reinforced polymer 18.104.22.168. Rest of Middle East & Africa Carbon fibre reinforced polymers 7.5. Latin America Carbon fibre reinforced polymers Market 7.5.1. Latin America Carbon fibre reinforced polymers Market, by raw material 7.5.2. Latin America Carbon fibre reinforced polymers, by manufacturing process 7.5.3. Latin America Carbon fibre reinforced polymers, by Region 22.214.171.124. Brazil Carbon fibre reinforced polymers 126.96.36.199. Argentina Carbon fibre reinforced polymers 188.8.131.52. Columbia Carbon fibre reinforced polymers 184.108.40.206. Mexico Carbon fibre reinforced polymers 220.127.116.11. Rest of Latin America Carbon fibre reinforced polymers 8. MARKET COMPETITION ANALYSIS 8.1. Market Share/Positioning Analysis 8.2. Key Innovators 8.3. Company Profiles 8.3.1. Magna International inc Company 18.104.22.168. Overview 22.214.171.124. Products/ End-User 126.96.36.199. Strategy 188.8.131.52. Key Developments 8.3.2 Cytec Industries 184.108.40.206. Overview 220.127.116.11. Products/ End-User 18.104.22.168. Strategy 22.214.171.124. Key Developments 8.3.3. Teijin ltd 126.96.36.199. Overview 188.8.131.52. Products/ End-User 184.108.40.206. Strategy 220.127.116.11. Key Developments 8.3.4. Hexcel corp. 18.104.22.168. Overview 22.214.171.124. Products/ End-User 126.96.36.199. Strategy 188.8.131.52. Key Developments 8.3.5. SGL Group Inc 184.108.40.206. Overview 220.127.116.11. Products/ End-User 18.104.22.168. Strategy 22.214.171.124. Key Developments 8.3.6. Gurit Holdings 126.96.36.199. Overview 188.8.131.52. Products/ End-User 184.108.40.206. Strategy 220.127.116.11. Key Developments 8.3.7. Kringlan Composites 18.104.22.168. Overview 22.214.171.124. Products/ End-User 126.96.36.199. Strategy 188.8.131.52. Key Developments 8.3.8. Mitsubishi Rayon company ltd 184.108.40.206. Overview 220.127.116.11. Products/ End-User 18.104.22.168. Strategy 22.214.171.124. Key Developments 8.3.9. Plason Carbon Composites 126.96.36.199. Overview 188.8.131.52. Products/ End-User 184.108.40.206. Strategy 220.127.116.11. Key Developments 8.3.10. Formosa Plastic Corporations 18.104.22.168. Overview 22.214.171.124. Products/ End-User 126.96.36.199. Strategy 188.8.131.52. Key Developments 8.3.11. DowAksa Advanced composite holdings 184.108.40.206 Overview 220.127.116.11 Products/End Users 18.104.22.168 Strategy 22.214.171.124 Key Developments 8.3.12. Jiangsu Henshen fibre materials 126.96.36.199 Overview 188.8.131.52 Product/End Users 184.108.40.206 Strategy 220.127.116.11 Key Developments