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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
.
.
? 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
.