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Carbon fiber reinforced plastics CFRP are strong, lightweight composite materials that are used in different industries to manufacture various products. CFRPs consist of a matrix and a reinforcement, and are majorly employed to replace metals in various applications. The matrix comprises thermosetting or thermoplastic resin, and carbon fiber acts as the structural reinforcement. CFRPs have 10 times more strength as compared to steel, and weighs approximately five times less than steel. CFRP is ideal for industrial use owing to its properties such as impact resistance, strength, stiffness, flexibility, and ability to carry loads. The emergence of CFRP products addresses the impact of fuel on our environment as lightweight vehicles require less fuel consumption. CFRP products are used to develop aerospace amp; automobile components, plates for building construction, protective helmets, imaging equipment structures, and tennis racquets. They can be also used as a chemical purifier or water purifier, as carbon is a powerful absorbent.nnThe CFRP market is expected to reach $20,284 million by 2022 from 2015 value of $ 11,781 million, growing at CAGR of 8.1% from 2016 to 2022. The demand for CFRP materials in the aerospace amp; defense and automotive sectors are driving the market. Requirement of CFRP in other sectors such as electronics, leather amp; textiles, defense, and building amp; constructions are also contributing to further market growth. The huge investment in CFRP Ramp;D led to an increase in the number of patents. Polyacrylonitrile PANbased raw material is majorly used for CFRP production. The CFRP market is expected to register substantial growth in the near future, owing to the need for collaborations, mergers, and acquisitions. However, high cost and conductivity are anticipated to restrain the growth of this market. Conductivity of CFRP materials restrict its use with glass fiber as the latter is a good insulator.nnThe report segments the CFRP market on the basis of raw material, type, manufacturing process, application, and geography. Based on raw material, it is divided into PAN, petroleum pitch, and others that include rayon and coal tar pitch. Based on type, it is bifurcated into thermosetting and thermoplastic. Thermosetting is further subdivided into epoxy resin, polyester resin, vinyl resin, and others; and thermoplastic is further segmented into polyether ether ketone PEEK, polyurethane, polyethersulfone PES, polyetherimide PEI, and others. Based on different manufacturing processes, the market is classified into prepreg layup, pultrusion amp; winding, wet lamination amp; infusion, press amp; injection, and others. According to application, it is categorized into aerospace amp; defense, wind turbines, sports equipment, automotive, molding compounds, building amp; construction and others. Geographical breakdown of the market includes North America, Europe, AsiaPacific, and LAMEA.nnKey players profiled in this report includennnnCytec Industries Inc. U.S.nnDowAksa Advanced Composites Holdings B.V. TurkeynnFormosa Plastics Corporation U.S.nnHexcel Corporation U.S.nnJiangsu Hengshen Fibre Material Co., Ltd. ChinannMitsubishi Rayon Co., Ltd JapannnSGL Carbon SE GermanynnTeijin Limited. JapannnToray Industries, Inc. JapannnZhongfu Shenying Carbon Fiber Co., Ltd. China.nnnKEY BENEFITS FOR STAKEHOLDERS:nnnnThis report provides a quantitative analysis of the world CFRP market from 2014 to 2022, which identifies the dominant market opportunities.nnThis report presents an extensive analysis of the current trends and emerging market estimations and dynamics.nnMajor countries in each region are mapped according to the individual market revenue.nnComprehensive analysis of factors that drive and restrict the market growth is provided.nnThe study also assists in understanding an indepth analysis of current research and clinical developments along with the major dynamic factors.nnKey players within the CFRP market are profiled and their strategies are analyzed thoroughly.nnnKEY MARKET SEGMENTS:nnBy Raw MaterialnnnnPolyacrylonitrile PANnnPetroleum pitchnnOthers Rayon, Coal Tar PitchnnnBy TypennnnThermosettingnnnnnnEpoxy resinnnnPolyester resinnnnVinyl resinnnnOthers Phenolic, UrethanennnnnnThermoplasticnnnnnPolyether ether ketone PEEKnnnPolyurethane PUnnnPolyethersulfone PESnnnPolyetherimide PEInnnOthers Polypropylene and PolycarbonatennnnnnnBy Manufacturing ProcessnnnnPrepreg LayupnnPultrusion and WindingnnWet Lamination amp; InfusionnnPress and InjectionnnOthersnnnBy ApplicationnnnnAerospace amp; DefencennWind TurbinesnnSports EquipmentnnAutomotivennMolding CompoundsnnBuilding amp; ConstructionnnOthersnnnBy GeographynnnnNorth AmericannnnnnU.S.nnnCanadannnMexiconnnnnnEuropennnnnUKnnnGermanynnnFrancennnItalynnnSpainnnnRest of EuropennnnnnAsiaPacificnnnnnChinannnJapannnnIndiannnPhilippinesnnnRest of AsiaPacificnnnnnnLAMEAnnnnnBrazilnnnSouth AfricannnTurkeynnnOthersnnnnnnnCompany ProfilesnnnnCytec Industries Inc.nnDowAksa Advanced Composites Holdings B.V.nnFormosa Plastics CorporationnnHexcel CorporationnnJiangsu Hengshen Fibre Material Co.,nnMitsubishi Rayon Co., LtdnnSGL Carbon SEnnTeijin LimitednnToray Industries, Inc.nnZhongfu Shenying Carbon Fiber Co., Ltd.n
Original Article: Carbon Fiber Reinforced Plastic CFRP Market by Raw Material Polyacrylonitrile, Petroleum pitch, and Others, Type of Resin Epoxy, Polyester, Vinyl, Polyether Ether Ketone, Polyurethane, Polypropylene and Others; Manufacturing Process Prepreg Layup, PultrusNEXT ARTICLE
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