Global Carbon Fiber Reinforced Plastic Market Is Expected to Grow at the Cagr of 9.5% During 2015-2022

Carbon Fiber Reinforced Plastic Market Analysis By Origine (Polyacrylonitrile And Pitch based), By Market (Thermosetting, Thermoplastic), By Application (Wind energy, Aerospace & defence, Automotive, Civil Engineering, Sporting Goods, Marines, Pressure & Moulding And Compound), Industry Size, Growth,Share And Forecast To 2022

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According to a recent published report, the Global Carbon Fiber Reinforced Plastic Market is expected to grow at the CAGR of 9.5% during 2015-2022 and it estimated to be $3.95 billion by 2022. The Global Carbon Fiber Reinforced Plastic market is segmented on the basis of origin, type, industry applications and geography. The report on Global Carbon Fiber Reinforced Plastic market forecast 2015-2022 provides detailed overview and predictive analysis of the market.

The high demand of Carbon Fiber Reinforced Plastic in wind turbine and aerospace industries fuel the growth of Carbon Fiber Reinforced Plastic market globally. In manufacturing of aircraft, carbon fibers are used widely as it reduced the aircraft weight and provide better fuel efficiency. Carbon Fiber Reinforced Plastic is significantly used in manufacturing lightweight aircraft blades, which are commonly used in airbus A340 and A380, Bombardier C series and Boeing 787

In terms of volumes, the market shipped 85 kilotons worth of CFRP material in 2014 and its demand is rising in all industries that require lightweight and resistant products. The EMEA region dominates the market with close to 50% of the market share, and the Americas region closely follows....