Global Carbon Fiber Reinforced Polymers Market Growth 2023-2029

Global Carbon Fiber Reinforced Polymers Market Growth 2023-2029

The properties of carbon fibre reinforced plastics (CFRP) differ so much from that of their matrix material, that a relationship is barely discernible any more. CFRP materials are distinguished by there extremely high strength and rigidity. Low density, excellent damping properties and a high resistance to impacting combined with exactly modifiable thermal expansion to complement the complex characteristics profile. Unlike glass fibre reinforced plastics (GRP), CFRP exhibit considerably greater rigidity, sharply enhanced electrical and thermal conductivity and a lower density. Their positive characteristics (relative to the weight) mean that CFRP materials are typically used for applications in aerospace engineering (the wings of the Airbus A350), in the automotive industry, in motor racing (monocoque in formula 1), sport equipment subject to high levels of stress (bicycle frames) and high-strength and high-rigidity parts in industrial applications, such as robot arms, reinforcement and sleeves in turbomolecular pumps or drive shafts.

LPI (LP Information)' newest research report, the “Carbon Fiber Reinforced Polymers Industry Forecast” looks at past sales and reviews total world Carbon Fiber Reinforced Polymers sales in 2022, providing a comprehensive analysis by region and market sector of projected Carbon Fiber Reinforced Polymers sales for 2023 through 2029. With Carbon Fiber Reinforced Polymers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carbon Fiber Reinforced Polymers industry.

This Insight Report provides a comprehensive analysis of the global Carbon Fiber Reinforced Polymers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Carbon Fiber Reinforced Polymers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Carbon Fiber Reinforced Polymers market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carbon Fiber Reinforced Polymers and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Carbon Fiber Reinforced Polymers.

The global Carbon Fiber Reinforced Polymers market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Extensive R&D activities particularly in Japan and Europe have led to the emergence of numerous market players, which in turn is expected to drive the regional market demand. Escalating CFRP demand in sports applications, specifically in the Asia Pacific region, is anticipated to impel CFRP consumption.

This report presents a comprehensive overview, market shares, and growth opportunities of Carbon Fiber Reinforced Polymers market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Thermosetting Type
Thermoplastics Type

Segmentation by application
Aerospace
Automotive
Consumer
Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
TORAY
Mitsubishi Rayon
Teijin
SGL
Hexcel

Key Questions Addressed in this Report

What is the 10-year outlook for the global Carbon Fiber Reinforced Polymers market?

What factors are driving Carbon Fiber Reinforced Polymers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Carbon Fiber Reinforced Polymers market opportunities vary by end market size?

How does Carbon Fiber Reinforced Polymers break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.