Carbon Fibre Reinforced Plastic (Cfrp) Composites Market Worth $33.5 Billion In 2017’ Says Visiongain Report

14 August 2017
Packaging

Visiongain’s new report the Carbon Fibre Reinforced Plastic (CFRP) Composites Market Report 2017-2027: Forecast Data & Outlook By Application (Aerospace (Commercial, Military, Business Jet, Helicopter), Automotive (Interior, Body, Engine & Drivetrain, Other), Energy (Wind Power, Oil & Gas, Fuel Cells, High Pressure Vessels), Construction, Sporting Equipment and Others) By Manufacturing Process (Prepreg Layup, Pultrusion & Winding, Wet Lamination & Infusion, Press & Injection, Others) & By Region Plus Analysis of Top Companies indicates that the global CFRP market will see $33.5bn in spending in 2017.

The lead analyst of the 223 page report said: There is expected to be strong growth of CFRP consumption in automotive, energy and aerospace applications as a result of the higher demand for fuel efficient vehicles and aircraft. The amount of electric and hybrid vehicles manufactured has increased considerably in recent years and this has led to higher usage of CFRP composites in the automotive and fuel cells sectors. Furthermore, the development of the wind power market, offshore drilling and deeper oil gas exploration have contributed to the growth of the CFRP market in the energy sector. Research and development in the aviation industry for development of components which are capable of withstanding high environmental stresses is expected to boost the CFRP market growth during the analysis period.

Additionally, Visiongain anticipates the superior performance per weight of CFRP and environmental regulations to lower CO2 emissions in the EU and the US will continue driving demand for CFRP composites in the next few years. CFRP is highly costly which is expected to hamper the growth of the global market in the near future. In addition to this, lack of manufacturing knowledge is also one of the main restraints of the market today. However, Visiongain expects costs of carbon fibre materials and production to decline slowly in the latter half of the decade, which will see increases in the number of new applications and production volume that will help drive the market through to 2027”

The Carbon Fibre Reinforced Plastic (CFRP) Composites Market Report 2017-2027 report will be of value to anyone who wants to better understand the CFRP market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the composites industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.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 conferences, newsletters, management reports and e-zines focusing on the automotive, chemical, cyber, defence, energy, pharmaceutical, materials and telecoms sectors.

Visiongain publishes reports produced by its in-house 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.

Recent News

“Rigid Plastic Packaging market worth $200.4bn In 2019” says Visiongain report

While the economy plays a central role in influencing the size and growth of the rigid plastic packaging market, major driving factors include the favourable properties of rigid plastic as a packaging material, technical advances that provide better barrier solutions, fast growth in emerging economies, an ageing global population requiring more elderly-friendly packaging, and consumer preferences towards light-weighting, durable and aesthetically pleasing packaging.

09 April 2019

Read

“Aseptic Packaging market is valued at $47.4bn in 2019” says new Visiongain report

Rising awareness related to the environment, healthy food & beverages, hygiene, and product security and safety among consumers in both developing and developed Asian countries is projected to boost the growth of the aseptic packaging market during the forecast period.

08 April 2019

Read

“Recycled Packaging Materials market worth $153,303 million in 2019” says Visiongain report

The increasing awareness regarding environmental benefits of using recycled packaging materials such as metal, glass, plastic, paper & paperboard coupled with various government initiatives regarding recycling is expected to fuel the market growth of recycled packaging materials market.

29 March 2019

Read

“Can Packaging market is valued at $26.88bn in 2019” says new Visiongain report

Increased in demand for advanced and convenient packaging products especially in developing countries such as India and China owing to the resurgence of the foods and beverage industries is anticipated to boost the can packaging market growth during the forecast period.

26 March 2019

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever
WOOCS 2.2.1