Lucintel Forecasts Carbon Fiber Reinforced Plastic Market to Reach $49.0 Billion by 2030
Lucintel Forecasts Carbon Fiber Reinforced Plastic Market to Reach $49.0 Billion by 2030
Blog Article
According to the recent study the carbon fiber reinforced plastic market is projected
to reach an estimated $49.0 billion by 2030 from $29.9 billion in 2023, at a CAGR of
7.0% from 2023 to 2030. Growth in this market is primarily driven by growing
demand for high performance and lightweight composite materials and increasing
performance requirements in the various end use industries.
Browse 121 figures / charts and 95 tables in this 223 -page report to understand
trends, opportunities and forecast in carbon fiber reinforced plastic market by end
use (aerospace, automotive, wind energy, marine, sporting goods, construction,
pressure vessel and others), process type, resin type, and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that aerospace will remain the largest end use segment over the
forecast period due to superior strength-to-weight ratio and increasing demand for
composites in the production of aircraft components, such as floor beams, ailerons,
vertical stabilizers, elevators, wings, and engine nacelles.
Epoxy based carbon fiber reinforced plastic will remain the largest segment over the
forecast period due to its better chemical and mechanical properties.
Download sample by clicking on carbon fiber reinforced plastic market
North America is expected to remain the largest region and witness the highest
growth over the forecast period due to the growth in aerospace market and
increasing use of composite material in aerospace market because of its excellent
mechanical properties.
GKN Fokker, Voith Composites, Plasan Carbon Composites, SGL Group, Mitsubishi
Material Trading Corporation, DowAksa Advanced Composites Holding, Toray
Industries Inc., Mitsubishi Rayon Corporation Limited, Teijin Limited, and Hexcel
Corporation are among the major carbon fiber reinforced plastic market.
This unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents, contact
Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and
robust market & unmet needs analysis. We are based in Dallas, TX and have been a
trusted advisor for 1,000+ clients for over 20 years. We are quoted in several
publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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