Carbon Fiber Reinforced Plastic (Cfrp) Market Size, Share, Application Analysis, Regional Outlook, Trends, Competitive Scenario and Forecasts, 2012 to 2020

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Carbon Fiber Reinforced Plastic (CFRP) Market Size,

Share, Application Analysis, Regional Outlook,

Trends, Competitive Scenario and Forecasts, 2012 To

2020

The global carbon fiber reinforced plastic market is expected to reach USD 20.92 billion by 2020.

Growing demand for high performance, light weight materials in automotive and aerospace industries is

expected to remain a key driving factor for the global carbon fiber reinforced plastics (CFRP) market.

Stringent regulations pertaining to vehicular emissions and high fuel prices have prompted CFRP

adoption in automotive industry particularly in the U.S. and Europe. CRFP is a light weight material and

provides significant weight reduction in windmill applications; thereby it's improving energy efficiency.

The market is poised for growth owing to several benefits offered by CFRP, including rigidity and high

strength. High-cost of CFRP is expected to remain a key challenge for market participants over the

forecast period.

Browse Detail Report With TOC @ http://www.hexareports.com/report/carbon-fiber-reinforcedplastic-cfrp-market-analysis-by-raw-material-pan-and-pitch-by-product-thermoset-and-thermoplasticby-application-automotive-aerospace-wind-turbine-sports-leisure-molding-amp-compoundconstruction-pressure-vessel-and-segment-forecasts-to-2020/details

Further key findings from the study suggest:

Thermoset was the leading product segment and accounted for 77.1% of total market volume in 2013.

Thermoplastic CFRP is expected to witness the highest growth of 15.4% over the forecast period on

account of high viscosity and short-process time offered by it.

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Aerospace emerged as the leading application segment and accounted for 23.5% of total market volume

in 2013. The rise in demand can be attributed to its increasing adoption across the commercial aviation...