According to the recent study the carbon fiber reinforced plastic market is projected to reach an estimated $49 billion by 2030 from $30 billion in 2023 at a CAGR of 7% from 2023 to 2030. Growth in this market is primarily driven by growing demand for high performance and lightweight composite materials and increasing performance requirements in the various end use industries.
Browse 121 figures/charts
and 95 tables in this 223-page report to understand trends, opportunities and
forecast in carbon fiber reinforced plastic market by end use (aerospace, automotive,
wind energy, marine, sporting goods, construction, pressure vessel and others),
process type, resin type, and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Lucintel forecasts that
aerospace will remain the largest end use segment over the forecast period due
to superior strength-to-weight ratio and increasing demand for composites in
the production of aircraft components, such as floor beams, ailerons, vertical
stabilizers, elevators, wings, and engine nacelles.
Epoxy based carbon fiber
reinforced plastic will remain the largest segment over the forecast period due
to its better chemical and mechanical properties.
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carbon fiber reinforced plastic
market.
North America is
expected to remain the largest region and witness the highest growth over the
forecast period due to the growth in aerospace market and increasing use of
composite material in aerospace market because of its excellent mechanical
properties.
GKN Fokker, Voith Composites, Plasan Carbon Composites, SGL Group, Mitsubishi Material Trading Corporation, DowAksa Advanced Composites Holding, Toray Industries Inc., Mitsubishi Rayon Corporation Limited, Teijin Limited, and Hexcel Corporation are among the major carbon fiber reinforced plastic market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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