Carbon Fiber Market worth 3.51 & CFRP Market worth 35.75 Billion USD by 2020

1. MarketsandMarkets Presents Carbon FiberMarket Consumption http://www.marketsandmarkets.com/Market-Reports/carbon-fiber-composites-market-416.html

2. The report "Carbon Fiber (CF) and Carbon Fiber Reinforced Plastic (CFRP) Market ”by Raw Material & Tow Size, CFRP Market by Resin Type, by Manufacturing Process, by Application, and by Region - Trends and Forecasts to 2020", The global carbon fiber reinforced plastic market (CFRP) is projected to reach USD 35.75 Billion by 2020. The global carbon fiber market size, in terms of value, is projected to reach USD 3.51 Billion by 2020, at a CAGR of 9.1% between 2015 and 2020. This growth is fueled by the increasing production capacities of Boeing and Airbus, rising demand of fuel efficient vehicle, and growing application of CFRP in other application sectors such as sporting goods, civil engineering, and wind energy globally. • The market for CFRP has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as manufacturers, vendors, end-users, and government organizations. Most of the major players in the market for CFRP have done backward and forward integration to strengthen their position in the prevailing market. Some of the major raw material suppliers as well as manufacturers are Toray Industries Inc. (Japan), Teijin Limited (Japan), and Mitsubishi Rayon Co. Ltd. (Japan). http://www.marketsandmarkets.com/Market-Reports/carbon-fiber-composites-market-416.html

3. http://www.marketsandmarkets.com/Market-Reports/carbon-fiber-composites-market-416.htmlhttp://www.marketsandmarkets.com/Market-Reports/carbon-fiber-composites-market-416.html Aerospace & Defense industry is at the forefront and is driving the CFRP market CF and CFRP are used widely in aircraft components and structures, as their superior strength-to weight ratio significantly exceeds that of any traditional metal. Increasing demand of composites in the production of aircraft components such as floor beams, ailerons, vertical stabilizers, elevators, wings, and engine nacelles is driving CFRP market. For instance, Airbus superjumbo commercial aircraft A380, A350, and Boeing’s B-787 are built with carbon fiber composites. Currently, Boeing 787’s fuselage is made of carbon fiber, which reduces its weight by 20%. B787 production is expected to increase from 10 units per month to 12 units per month by 2016. Airbus A350 has reportedly already received a great response from different airlines, with Qatar airways and Delta ordering 80 and 25 airplanes, respectively.  http://www.marketsandmarkets.com/Market-Reports/carbon-fiber-composites-market-416.html

4. North America is the key region for CFRP market The North America region is expected to be the largest market for CFRP globally due to the increased demand from aerospace & defense, wind energy, and automotive industry. Along with the existing capacities, several carbon fiber composites manufacturers are expanding their production capacities further such as Hexcel Corporation (U.S.) and Zodiac Aerospace (U.S.) developed new aircraft seat under the name L3 (which refers to living space, lightweight, and lead time). The leading carbon fiber composites manufacturers increased their capacity in North America to meet the growing demand from aerospace & defense, automotive, pipe & tanks, wind, marine, and construction industries.  Lay-Up process: The largest manufacturing process for CFRP The lay-up process includes hand lay-up and spray-up process and is the largest manufacturing process for CFRP owing to the developed aerospace & defense industry, growing wind energy application, and recovery of the marine industry at the global level. This process is applicable for designing simple enclosures, lightly loaded structural panels because it provides orientation of the fibers that be controlled as needed so that they can absorb maximum stresses to which they are subjected. http://www.marketsandmarkets.com/Market-Reports/carbon-fiber-composites-market-416.html

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