“Carbon Fibre Reinforced Plastic (CFRP) composites market set to grow to $63bn by 2030” says Visiongain report

12 December 2019
Construction

Visiongain has launched a new material report Carbon Fibre Reinforced Plastic (CFRP) Composites Market Report 2020-2030: Forecast Data & Outlook by Application: Aerospace (Commercial, Military, Business Jet, Helicopter), Automotive (Interior, Chassis & Body Component, Engine & Drivetrain, Other), Energy (Wind Power, Oil & Gas, Pressure Vessels), Construction, Sporting Equipment and Others) and by Manufacturing Process (Prepreg Layup, Pultrusion & Winding, Wet Lamination & Infusion, Press & Injection, Others) Plus Analysis of Top Companies and Regional and National Market Analysis.

With the growing demand for high performance and lightweight materials in the aerospace, automotive, sporting equipment and energy applications, the CFRP composites market is about to show a strong growth. The next ten years will see the growing use of carbon composites in the existing application areas as well as new ones, which will be get accelerated by technological developments. The innovations for low cost carbon fibre and mass production methods could become game-changers subject to successful commercialisation.

The visiongain report analyst commented "The stringent regulations for fuel economy and emission level, growing wind power installations and technological advancement for low cost and mass production techniques creating opportunity for the Carbon Fibre Reinforced Plastic (CFRP) Composites market. Aerospace will attract the most demand over the next ten years, also is expected to grow at a faster pace."

Leading companies featured in the report are Toray, Hexcel, Solvay SA, Mitsubishi Chemical, Teijin Limited, SGL Group, DowAksa, Formosa Plastic Corporation, Kureha Corporation and Hyosung

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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