English Extended Distribution Market Research Menafn PR-Wirein Reportedtimes Research Newswire

CF & CFRP Market worth $31.5 billion by 2025

According to the new market research report CF & CFRP Market by Source (Virgin, Recycled), Precursor (PAN, Pitch, Rayon), Resin (Thermosetting, Thermoplastic), Manufacturing Process, End-use Industry, and Region – Global Forecast to 2025″, is projected to grow from USD 17.5 billion in 2020 to USD 31.5 billion by 2025, at a CAGR of 12.4% during the forecast period. The market is growing due to the increase in the demand for high-performance materials, with low weight, high strength-to-weight ratio, good tensile strength, and electrical conductivity.

Don’t miss out on business opportunities in CF & CFRP Market

Speak to our analyst and gain crucial industry insights that will help your business grow: 
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=416

PAN-based carbon fiber is a type of fiber produced by the carbonization of PAN precursor. Having high tensile strength and high elastic modulus, it is used extensively for structural material composites in aerospace & defense, automotive, and sporting goods industries. The COVID-19 outbreak has resulted in the disruption in the supply chain, resulting in reduced demand for PAN precursor-based carbon fiber from the end-use industries.

Virgin carbon fiber accounted for dominating share in the global carbon fiber market. Virgin carbon fiber is made from precursors such as PAN and pitch. These fibers find applications in various aerospace & defense, wind energy, sporting goods, and other industries. Virgin carbon fiber offers better thermal and mechanical properties than recycled carbon fiber. They are preferred over recycled carbon fiber in high performance applications.

Browse and in-depth TOC on “CF & CFRP Market – Global Forecast to 2025”

152 – Tables
58 – Figures
231 – Pages

View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/carbon-fiber-composites-market-416.html

CF & CFRP are used in various end-use industries such as aerospace & defense, automotive, marine, sporting goods, medical, among others. The demand for these materials is increasing rapidly, owing to their lightweight and exceptional mechanical properties offered by CFRP materials. However, amidst the global COVID-19 pandemic, the demand for CF & CFRP materials from the industries mentioned above is expected to show a sharp decline in 2020. The global CF & CFRP market size is projected to grow from USD 17.5 billion in 2020 to USD 31.5 billion by 2025, at a CAGR of 12.4% during the forecast period.

Companies have strengthened their position in the global CF & CFRP market by adopting agreement & partnership as the major strategy. From 2016 to 2020, agreement & partnership was the key strategy adopted by the market players to maintain growth in the global CF & CFRP market. For instance, Teijin Limited entered into an agreement with Boeing for the supply of unidirectional pre-impregnated tape (TENAX TPUD). This helped the company in its medium-term growth in the aerospace & defense end-use industry. However, due to the outbreak of the COVID-19 pandemic, the demand for CF & CFRP materials from the major end-use industries such as aerospace & defense, wind energy, and automotive has decreased. The factors such as lockdown situation across national and international borders, closure of manufacturing facilities, disruption in the supply chain, and reduced orders from composite component manufacturers have resulted in a drop in market demand.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=416

The major manufacturers profiled in this report include Toray Industries, Inc. (Japan), Mitsubishi Chemical Holdings (Japan), Hexcel Corporation (US), Teijin Limited (Japan), SGL Group (Germany), and Solvay (Belgium). The CF & CFRP business of these companies is severely affected due to the outbreak of the COVID-19 pandemic. Reduced demand from several OEMs and disruption in the supply chain have compelled the manufacturing companies to operate at partial capacities.

Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Tags: Carbon Fiber Trends, Carbon Fiber Reinforced Plastic Market, Carbon Fiber Market, Carbon Fiber, Carbon Fiber share, CF & CFRP Market, Carbon Fiber market type

See Campaign: http://www.marketsandmarkets.com/Market-Reports/carbon-fiber-composites-market-416.html
Contact Information:
Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 Email: [email protected] Research Insights: https://www.marketsandmarkets.com/ResearchInsight/carbon-fiber-composites-market.asp

Tags:
Menafn, Reportedtimes, PR-Wirein, Extended Distribution, Research Newswire, English

Contact Information:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: [email protected]
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/carbon-fiber-composites-market.asp