Global Carbon Fibre Reinforced Polymers (CFRP) Composites Market Projected To Reach USD 32.5 Billion By 2020

1. Global Global Carbon Market Market Projected Carbon Fibre Projected To Fibre Reinforced Reinforced Polymers To Reach Reach USD Polymers (CFRP) USD 32.5 32.5 Billion (CFRP) Composites Composites Billion By By 2020 2020 Date: 2016-10-24 Carbon Fibre Reinforced Polymers (CFRP) Composites are estimated to reach 84.9 million tons of the global consumption of CFRP, according to research, global Carbon Fibre Reinforced Polymers (CFRP) Composites market is projected to reach USD 32.5 billion by 2020. In terms of geography, the North America has been dominated the Carbon Fibre Reinforced Polymers (CFRP) Composites Market, which accounting for over a third of the global market. However, we expect the European and Asian regions to expand more rapidly, where growth rates perform above the global trend. On the basis of application, strong growth of CFRP consumption in automotive, energy and aerospace applications as a result of the higher demand for fuel efficient vehicles and aircrafts. The amount of electric and hybrid vehicles manufactured has also increased considerably in recent years and this has led to higher usage of CFRP composites in the automotive and fuel cells sectors. Furthermore, the development of the wind power market, offshore drilling and deeper oil gas exploration have contributed to the growth of the CFRP market in energy sector. In addition, due to the global rising the environmental healthiness, superior performance per weight of CFRP and environmental regulations to lower CO2 emissions in the EU and the US will continue driving the demand for CFRP composites in the coming years, also specially in China. Global top market players such as Cytec Industries, Toray, Zoltek, Toho, Mitsubishi Rayon Corporation, Hexcel, and Hyosung have integrated along the major part of the value chain ranging from production and raw material supply to CFRP distribution. Carbon Fibre Reinforced Polymers (CFRP) Composites market share by region as following:

2. Read Full Report: http://www.gosreports.com/global-carbon-fibre-reinforced-polymers-cfrp-composites-indu stry-2016-market-research-report/ Joanna | Executive – International Business and partner Relations E-mail: info@gosreports.com | Tel: 510-400-8520 Web: www.gosreports.com