Carbon Fibers and
Carbon Fiber Reinforced Plastics (CFRP)
Market
Carbon Fibers and Carbon Fiber Reinforced Plastics (CFRP) Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Carbon Fibers and Carbon Fiber Reinforced Plastics (CFRP) Market Size and Growth
The Carbon Fibers and Carbon Fiber Reinforced Plastics (CFRP) market is experiencing significant growth, driven by increasing demand across aerospace, automotive, and construction sectors. The market size is projected to reach approximately USD 35 billion by 2025, with a compound annual growth rate (CAGR) exceeding 10% due to innovations and sustainability efforts.
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Companies Covered (Covid 19 Impact Covered)
◍ 4M Carbon Fiber Corp (United States)
◍ Advanced Carbon Products (United States)
◍ Applied Sciences (United States)
◍ Cytec Engineered matieerials (United States)
◍ Hexcel Corporation (United States)
◍ Lemond Composites (United States)
◍ SGL Automotive Carbon Fibers (United States)
◍ Teijin Carbon America (United States)
The Carbon Fiber and CFRP market is driven by demand in aerospace, automotive, and industrial sectors. Companies like Hexcel and Toray leverage advanced technologies to produce high-performance materials, enhancing product applications. For instance, Mitsubishi Chemical reported sales of $2.6 billion in 2022; Zoltek achieved $400 million, supporting market growth.
◍ Toray Composite matieerials America (CFA) (United States)
◍ Mitsubishi Chemical Carbon Fiber and Composites (United States)
◍ Zoltek Corporation (United States)
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Market Segmentation
By Application
◍ Aerospace and Defense
◍ Sports and Leisure
◍ Wind Energy
◍ Automotive
◍ Pressure Vessels
◍ Construction and Infrastructure
◍ Electrical and Electronic
◍ Oil and Gas
◍ Other
By Product
◍ PAN-Based Carbon Fiber
◍ Pitch-Based Carbon Fiber
◍ Carbon Fibers Based on Other Precursors
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Market Growth
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$ X Billion USD
