Global Carbon Fiber Reinforced Polymer Market Overview:
Carbon fibre reinforced polymers are composite materials that rely on carbon fibre for strength and stiffness, while the polymer acts as a cohesive matrix to protect and hold the fibres together, as well as providing some toughness. CFRP bars are produced with a variety of surface textures, which have a significant impact on their bond behaviour as NSM reinforcement. Their surface can be smoothed, sandblasted, sandcoated, or roughened with a peel-ply surface treatment. Round bars can also be spirally wound or ribbed with a fibre tow. Carbon fibre reinforced polymer (CFRP) composite materials are finding increased use in a variety of fields. They are strong and light, and are used in aerospace, sail boats, and, most notably, modern bicycles and and motor cycles, where high strength-to-weight ratios are required.
- Government stimulus packages for aerospace and other industries for the COVID-19 crisis
- Increase in demand for fuel-efficient vehicles
- Increasing demand from the wind energy industry
- Decrease in number of commercial aircraft deliveries
- Disruption in supply chain and lower production capacity utilization due to COVID-19 pandemic
- High cost of carbon fiber
- Reduction in the cost of carbon fiber
- Potential opportunities in new applications
- Growing demand from emerging markets
- Maintaining uninterrupted supply chain and operating at full capacity
- Development of technology to reduce cycle time
The global carbon fiber reinforced polymer market is largely competitive and consists of several vendors who compete based on factors such as features, product quality, size, and product pricing. According to the carbon fiber reinforced polymer market share analysis research report, intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant risk factors for manufacturer’s growth.
Some of the key players profiled in the report are Toray Industries, Inc. (Japan), Mitsubishi Chemical Holdings (Japan), Hexcel Corporation (United States), Teijin Limited (Japan), SGL Group (Germany), Solvay (Belgium), Hyosung (South Korea), AKSA (Turkey), Crosby Composites (United Kingdom) and Cytec (United States). Additionally, following companies can also be profiled that are part of our coverage like Formosa Plastics Corporation, GKN, Gurit, Nippon Graphite Fibre Corporation, Plasan Carbon Composites and TenCate. Considering Market by Carbon Fibers, the sub-segment i.e. UHM (Ultra High Modulus) will boost the Carbon Fiber Reinforced Polymer market. Considering Market by Manufacturing Process, the sub-segment i.e. Lay-up will boost the Carbon Fiber Reinforced Polymer market. Considering Market by Source, the sub-segment i.e. Virgin will boost the Carbon Fiber Reinforced Polymer market. Considering Market by Precursor Polymer, the sub-segment i.e. Polyacrylonitrile (PAN) will boost the Carbon Fiber Reinforced Polymer market.
Latest Market Insights:
Teijin Limited acquired Renegade Materials Corporation, a North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry. This contributed to the company's position as a leading provider of solutions for aerospace applications.
Solvay and SGL Carbon signed a joint development agreement (JDA) to bring the first composite materials based on large-tow intermediate modulus (IM) carbon fibre to market. These materials address the need to lower costs and CO2 emissions while also improving the manufacturing process and fuel efficiency of next-generation commercial aircraft.
What Can be Explored with the Carbon Fiber Reinforced Polymer Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Carbon Fiber Reinforced Polymer Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Carbon Fiber Reinforced Polymer
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Carbon Fiber Reinforced Polymer market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Carbon Fiber Reinforced Polymer market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Carbon Fiber Reinforced Polymer Manufacturer, Raw Material Suppliers, Carbon Fiber Reinforced Polymer Suppliers/Distributors, Government Bodies & Consulting Firm, Industrial Infrastructure and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Carbon Fiber Reinforced Polymer Market?
The Carbon Fiber Reinforced Polymer market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Carbon Fiber Reinforced Polymer Market?
Top performing companies in the Global Carbon Fiber Reinforced Polymer market are Toray Industries, Inc. (Japan), Mitsubishi Chemical Holdings (Japan), Hexcel Corporation (United States), Teijin Limited (Japan), SGL Group (Germany), Solvay (Belgium), Hyosung (South Korea), AKSA (Turkey), Crosby Composites (United Kingdom) and Cytec (United States), to name a few.
3. What trending factors would impact Carbon Fiber Reinforced Polymer Market growth most?
"Airships are constructed with carbon fiber and aluminum frame inside skin of shiny mylar composite material" is seen as one of major influencing trends for Carbon Fiber Reinforced Polymer Market during projected period 2020-2026.