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CFRP Carbon Fiber Reinforced Plastics are advanced materials developed as a substitute of conventional materials like metals, plastics, aluminum and so on. These materials excel the conventional ones in terms of properties such as strength, corrosion resistivity, vibration damping and so on. Apart from the aforesaid properties the service life of the these materials are also extraordinarily more, thereby proving itself more relevant for high performance applications across several industries such as aerospace, automobile, construction, defense and many others. With the advancement of nanotechnology extensive RD on CFRP materials are on their way for developing flame retardant properties for application in high temperature and hazardous environment without significant increase in weight.
A comprehensive study of CFRP market is conducted on the basis of differentiating segments such as type, applications and region. By type the market is fragmented into thermosetting and thermoplastic.
The Various types of thermosetting CFRP considered are
Vinyl Ester Resin
Thermoplastic CFRP market is further scrutinized by
Polyester Ether Ketone PEEK
The applications exploited for the report are
Aviation and Aerospace
Electrical and Electronics
The regional markets examined for the study are Americas, Europe, AsiaPacific APAC and Rest of the World RoW.
Escalation in adoption of CFRP in automobile, electrical and electronics, aviation and aerospace industry of this market is estimated to drive the APAC market. Apart from these CFRP is being used in manufacturing sports equipment due to its advanced properties such as light weight and high durability, it is replacing wood, plastics, steel and other conventionally used materials.
Some of the prominent shareholders of CFRP market include:
Teijin Ltd. Japan
Toray Industries, Inc. Japan
Cytec Industries Inc. U.S
Mitsubishi Rayon Co. Ltd. Japan
Hexcel Corporation U.S
A comparative analysis of the top players of CFRP market is conducted and the companies are also profiled to gauge the traction of the respective companies on disparate aspects like company overview, financial overview, product portfolio and recent developments and more in the global market.
Original Article: Carbon Fiber Reinforced Plastic Market By Type Thermoplastic, Thermosetting; By Applications Automobile, Aviation, Defense, Marine, Others, By Geography Forecast 20162021 [Updated: 06072016] Prices from USD $5250NEXT ARTICLE