echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The global carbon fiber and CFRP market will reach 31.5 billion U.S. dollars in 2025

    The global carbon fiber and CFRP market will reach 31.5 billion U.S. dollars in 2025

    • Last Update: 2022-05-05
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Markets and Markets? As a professional market research company with 850 full-time analysts, it currently serves 7,500 customers worldwide, including 80% of the customers of the global Fortune 1000 companies
    .
    ? On October 2, according to the latest market research report of Markets? and? Markets?, the global carbon fiber CF and carbon fiber reinforced polymer CFRP market is expected to grow from USD 17.
    5 billion in 2020 to USD 31.
    5 billion in 2025.
    The compound annual growth rate during this period was 12.
    4%
    .
    ? PAN-based carbon fiber is a high-performance carbon fiber with high tensile strength and high elastic modulus.
    It is currently widely used in aerospace and defense, automotive and sporting goods industries as structural material composite materials
    .
    Due to the increasing global demand for high-performance materials with light weight, strength-to-weight ratio, high tensile strength and high electrical conductivity, the carbon fiber market is growing
    .
    ? Thermosetting resin occupies the largest share in the global CFRP matrix resin market
    .
    This advantage is attributed to its unique properties, such as excellent solvent and corrosion resistance, fatigue strength, customizable elasticity, excellent adhesion and other properties
    .
    Moreover, since thermosetting resins are liquid at room temperature, they are easier to process than thermoplastic resins, so they can be easily impregnated with reinforcing fibers
    .
    ? Europe has the largest market share in the CFRP market due to high demand from the aerospace and defense and wind energy end-use industries
    .
    In addition, it is home to many important aerospace composite material manufacturers such as SGL Carbon, Solvay and TenCate
    .
    The increase in Airbus aircraft deliveries has mainly driven the demand for composite materials in Europe
    .
    In addition, the region also develops military aircraft and helicopters
    .
    The European region is a leader in offshore wind energy installations
    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.