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Carbon Fiber Reinforced Plastic Market Size 2023

The Global Carbon Fiber Reinforced Plastic (CFRP) Market is valued at $11.04 billion in 2017 and it is estimated to surpass $15.24 billion with a CAGR of 8.43% during 2018 to 2023.

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Carbon Fiber Reinforced Plastic Market Size 2023

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  1. The Carbon Fiber Reinforced Plastic Market is expected to reach $17.73 billion by 2023.

  2. Asia Pacific is expected to dominate the Carbon Fiber Reinforced Plastic Market with increasing adoption of CFRP in the automotive and aerospace industries due to its declining prices. China is the fastest growing region and is expected to reach $1.1 billion at 12.6% CAGR. Contact : sales@industryarc.com

  3. Selected Regulatory Analysis Done in the Full Report: Defense is the dominant application in the Carbon Fiber Reinforced Plastic Market due to large scale use of carbon fiber as well as use of high value materials. CFRP is used to manufacture specialty components for missile systems, radar panels, rocket motor casing, ballistics applications, and nuclear submarine propulsion systems. Contact : sales@industryarc.com

  4. Selected Driving Factors Mentioned in the Full Report: Contact : sales@industryarc.com

  5. Key Players of the Carbon fiber reinforced plastic Market Toray Industries Inc. Cytec Industries Inc. Mitsubishi Rayon Co. Ltd. Hexcel Corporation (U.S) Hyosung 15+ Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Company Profile Analyst Briefing Data Tables Key Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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