Know about the future of Carbon Fiber Reinforced Polymer Market and what makes it a Booming industry according to following research report: 2018-2022

Carbon Fiber Reinforced Polymer Market Overview:

Globally, carbon fiber reinforced polymer has increased its market growth in recent years and is expected to grow at a rapid pace in the forecasted period. Fiber reinforced polymer composites are made by combining a plastic polymer resin together with strong reinforcing fibers. Here components retain their original form and contribute their own unique properties that result in a new composite material with enhanced overall performance. Reinforcing polymer material with fibers improves their strength and stiffness. The polymer resin is typically viscous and may be easily molded but is relatively weak. The resin component protects against abrasion or chemical attack to the material surface and acts as a binder for the reinforcing fibers, which mechanically supports and transfer loads in the composite.

In 2012, United States carbon fiber manufacturers had a total nameplate capacity of 53.2 million pounds  representing about 28% of global production capacity. Two general manufacturing methods for carbon fibers have been commercialized to date. : The first involves production of carbon fibers from a polyacrylonitrile (PAN) precursor, while the second method involves the conversion of a petroleum pitch precursor. The PAN process so far has been  the most common method used, accounting for approximately 95% of U.S. production capacity.  .According to MRFR analysis  the PAN process was considered as the current typical and state-of-the-art manufacturing method for carbon fibers.

Geographically, Asia Pacific has dominated the market for global carbon fiber reinforced polymer  market with the largest market share, followed by North America and Europe which  are the growing market for global carbon fiber reinforced polymer  market and  is expected to grow at the CAGR of XX% respectively from 2018 to 2022.

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Market Product Description:

Globally, carbon fiber reinforced polymer has increased its market growth in recent years and this market is expected to grow at a rapid pace in the forecasted period. Fiber reinforced polymer composites are made by  combining a plastic polymer resin together with strong reinforcing fibers. Here components retain their original form and their own unique properties which results in a new composite material with heightened overall performance. Reinforcing polymer material with fibers further improves the  strength and stiffness of carbon fibers. The polymer resin is typically viscous and may be easily molded but is relatively weak. The resin component protects  it against abrasion or chemical attack and these  acts as a binder  in the  reinforcing fibers, which mechanically support and transfer loads in the composite.

Carbon fiber reinforced polymer is anticipated to be XX tones by 2019, and growing at CAGR of XX % . Europe and North America leads the world with respect to the demand of  carbon fiber reinforced polymer. Demand for this in North America is same as demand for the same in  Europe and these   exceeds the  demand rate when compared to  both Asia and Japan. Excess manufacturing capacity exists currently, especially in small-two capacity and in North America and Asia, but as per recent  analysis done  a significant demand growth has been suggested  in two markets namely  automotive and   wind applications for meeting the demand.  This creates a potential export opportunity for North American manufacturers.

Study Objectives of Carbon Fiber Reinforced Polymer  Market is to Provide Following Benefits:

  • Provides detail about  global carbon fiber reinforced polymer market by application, by production process and by region in forecasted period i.e. till 2022.
  • Identifies the market dynamics of carbon fiber reinforced polymer market dynamics by drivers, restrains, opportunities and challenges.
  • Analyzes various factors like value chain analysis and Porters five Forces model.
  • Gives past and estimated future revenue of market segment with respect to APAC, North America, Europe, and other parts of the world.
  • Gives strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
  • Tracks mergers and acquisitions, strategic alliances, new product development of each applicant of the carbon fiber reinforced polymer

Segmentation:

The Global Carbon Fiber Reinforced Polymer   Market is majorly segmented on the basis of Application, and production process . Based on the application the market is segmented Construction, Electrical Isolation, Industrial, Marine and Others.  On basis of production process the market is segmented into Polyacrylonitrile (PAN) Precursor and Petroleum Pitch Precursor.

 

Market Key Players:

  • Albemarle Corporation,
  • ICL (Israel Chemicals Ltd.),
  • Chemtura Corporation,
  • Clariant International Ltd.,
  • Nabaltec AG,
  • The DOW Chemical Company,
  • BASF SE¸
  • Chemtura Corporation,
  • Akzo Nobel and Italmatch Chemicals,
  • Lanxess AG.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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