[163 Pages report] Carbon Fiber and Carbon Fiber Reinforced Plastic (CFRP) Market report categorizes the global market by Type, Application and by region.
Dallas, TX -- (SBWIRE) -- 10/29/2014 -- The report, “Carbon Fiber Market & Carbon Fiber Reinforced Plastic (CFRP) by Type, Fiber size, & Region; CFRP Market by (Type, Manufacturing processes/semi- finished product, Resin, Application and Region) - Global Forecast to 2019”, defines and segments the global carbon fiber and CFRP market with analysis and forecasting of the global consumption volume and value.
Browse 69 market data tables with 52 figures spread through 163 pages and in-depth TOC on "Carbon Fiber Market & Carbon Fiber Reinforced Plastic (CFRP) Market - Global forecast to 2019"
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Asia-Pacific – biggest market of Carbon Fiber
Asia-Pacific is the most promising carbon fiber market and is expected to remain the same in the near future. Asia-Pacific manufactured almost 40% of the total global demand in 2013. The demand for carbon fiber in the region is anticipated to grow at a CAGR of about 14.0% from the tenure 2014 to 2019. It is estimated that Japan, and China were the biggest manufacturers of carbon fiber in this region, followed by Taiwan and South Korea in 2013. In order to meet the growing demand from CFRP application industries from European region, the leading manufacturer from Asia-pacific region are rapidly continuing to increase their production capacities in Asia, mainly in China.
North America- biggest market of carbon fiber reinforced plastic (CFRP)
North America holds the top share of 36.83% in global CFRP market due to increased demand from the aerospace and defense industries. Europe is the fastest growing CFRP market due to the increasing use of CFRP in automotive and wind energy.
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Europe- Fastest growing CFRP market
CFRP market in Europe is projected to grow at a CAGR of 13.4%, from 2014 to 2019. Growing oil prices will initiative the need for fuel efficient vehicles and aircrafts. Though the development of electric and hybrid vehicles will raise the usage of CFRP composites in the automotive industry, the development of the wind power market, offshore drilling and deeper oil and gas exploration will increase the penetration of CFRP in the energy industry.
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