About Carbon Fiber-Reinforced Plastic
CFRPs are high-strength and lightweight composite materials that contain a matrix, which is generally a polymer resin, and carbon fiber, a reinforcement material. Epoxy is the most commonly used polymer resin for manufacturing CFRPs. However, other polymers such as polyester, vinyl ester, or nylon are also used as reinforcement matrices. The properties of these plastics depend on the structure of the carbon fiber and that of the binding matrix (resin) material. Silica, rubber, and nanotubes are also used for reinforcement. The reinforcing phase is either in continuous or discontinuous form.

Technavio’s analysts forecast the global carbon fiber-reinforced plastic market to grow at a CAGR of 12.09% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global carbon fiber-reinforced plastic market for 2016-2020. To calculate the market size, the report considers the revenue generated through sales of CFRP in aerospace and defense, wind energy, automotive, sporting goods, civil engineering, pressure vessels, marine applications, and other end-user segments across all regions by considering 2015 as the base year.

The market is divided into the following segments based on geography:
• Americas
• APAC
• Europe
• ROW

Technavio's report, Global Carbon Fiber-Reinforced Plastic Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Hexcel
• Mitsubishi Rayon
• SGL Group
• Toray
• Teijin

Other prominent vendors
• DowAksa
• Holding Company Composite
• Nippon Graphite Fiber Corporation
• Plasan Carbon Composites
Market driver
• Growth in aerospace and defense segment
• For a full, detailed list, view our report

Market challenge
• Hazards and environmental concerns
• For a full, detailed list, view our report

Market trend
• Growth in automotive segment
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.