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Global CF and CFRP Market Report 2019 | Toray Industries, Teijin, SGL Carbon Group, Mitsubishi Chemical Holdings America, Formosa Plastics Group among others

The attraction of an assortment of products to be used across a great spectrum of customers has spread out altogether new road in the CF and CFRP market.The various sales channels inside the CF and CFRP market are hypermarkets/supermarkets, retail chains, and e-trade. Of those, e-commerce is rising as moneymaking sale channel of exploring new demographics in the CF and CFRP market. The ease of bills, in conjunction with the excessive degree of security, is stoking the recognition of income thru e-commerce. Some of manufacturers are analyzing the blessings of advanced production technology to resource them convey innovations in the CF and CFRP market. Some of the distinguished corporations vying for big shares have been studied in element. Their agency profiles have also been blanketed on this report. The CF and CFRP enterprise is witnessing the current waves of exchange due to the rising affinity towards CF and CFRP merchandise that are at higher side of the charge spectrum.

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Carbon Fiber – Carbon Fiber Reinforced Plastic Market accounted for USD 20.46 Billion in 2016 and is projected to grow at a CAGR of 10.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The global CF & CFRP market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Major Competitors:

  • Toray Industries Inc.
  • TEIJIN LIMITED
  • SGL Group
  • Mitsubishi Chemical Holding Corporation
  • Formosa Plastics Corporation among others.

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Market drivers & Restraints:

  • Rising demand of fuel-efficient vehicles
  • Growing usage of CF & CFRP in the airbus aircraft
  • Concentrating on the electricity production from renewable sources
  • Increasing cost of carbon fiber composites
  • Inadequate production amalgamation

Market Segmentation: Global CF & CFRP Market

  • Resin type (thermosetting CFRP, thermoplastic CFRP)
  • Manufacturing process (lay-up, resin transfer molding, compression molding, injection molding, filament winding, pultrusion processes)
  • End users (aerospace & defense, automotive, wind energy, civil engineering, sporting goods, medical, electrical & electronics, marine, pipe & tank)

The global CF & CFRP market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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