Carbon Fiber Reinforced Plastic Market Trends, Company Share To 2022: Grand View Research, Inc.
New Market Research Reports Title “Carbon Fiber Reinforced Plastic Market Analysis Size and Segment Forecasts to 2022” Has Been Added to GrandViewResearch.com Report Database
The global carbon fiber reinforced plastic market is expected to reach USD 23.55 billion by 2022, according to a new report by Grand View Research, Inc. Stringent regulations particularly in the U.S. and Europe to improve the fuel efficiency of automobiles has led manufacturers to reduce the overall weight of vehicles by using lightweight, high-performance materials. This trend is expected to drive the demand for carbon fiber reinforced plastic over the forecast period.
Increasing penetration in the aerospace industry is also projected to have a positive influence on the market growth. Carbon fiber reinforced plastic has emerged as the best suitable option for reducing structural weight without compromising on strength. In spite of extraordinary benefits offered by carbon fiber reinforced plastic, the high price is expected to remain a major barrier to its penetration.
Polyacrylonitrile (PAN) emerged as the leading raw material and accounted for over 95% of total market volume in 2014. The growth may be attributed to superior properties offered by PAN-based CFRP. The segment is also expected to witness the highest growth over the forecast period.
Browse full research report on Global Carbon Fiber Reinforced Plastic (CFRP) Market: http://www.grandviewresearch.com/industry-analysis/carbon-fiber-market
Further key findings from the study suggest:
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Grand View Research has segmented the global carbon fiber reinforced plastic market on the basis of raw materials, product, application and region:
Global Carbon Fiber Reinforced Plastic Raw Material Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2022)
Global Carbon Fiber Reinforced Plastic Product Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2022)
Global Carbon Fiber Reinforced Plastic Application Outlook (Volume, Tons; Revenue, USD Million, 2012 – 2022)
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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