Frequently Asked Questions
The carbon fiber-reinforced plastics (CFRP) market size is expected to grow at a compound annual growth rate of 8.50% for the forecast period of 2021 to 2028.
North America leads the carbon fiber-reinforced plastics (CFRP) market because of the high growth of the automotive and aerospace and defense industries in the U.S. and the strict government regulations regarding automotive pollution.
The major players operating in the carbon fiber-reinforced plastics (CFRP) market report are TORAY INDUSTRIES, INC., TEIJIN LIMITED, Mitsubishi Chemical Corporation, SGL Carbon, Formosa M Co., Ltd., Hexcel Corporation, Jiangsu Hengshen Company Limited, Magna International Inc., SABIC, Solvay, KUREHA CORPORATION, NIPPON STEEL Chemical & Material Co., Ltd., ALLRed & Associates Inc., Nikkiso Co. Ltd, Röchling, DowAksa, JEC Group, 3M, Evonik Industries AG, and ZOLTEK
The decrease in number of commercial aircraft deliveries and high cost of carbon fiber are likely to act as key restraints towards carbon fiber-reinforced plastics (CFRP) market growth rate
The regions covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South Americafsport
