The world market for CFRP composites will reach $26.84bn in 2014

A new report, available on ASDreports, predicts that the world market for CFRP composites will reach $26.84bn in 2014. This forecast and others appear in Carbon Fibre Reinforced Plastics (CFRP) Composites Market Forecast 2014-2024: Future Potential for Top Companies in Aerospace, Automotive, Energy, Construction & Sporting Equipment published in April 2014.

Vast opportunities exist where the unique properties of CFRP can be applied in many industries. Furthermore, if innovation is able to produce a new low cost grade of carbon fibre; this could lead to much larger market penetration. The superior performance per weight of CFRP, and improvements made in the production of CFRP materials has changed the preferences of consumers and manufacturers. As the demands for renewable sources of energy rises, government regulations promote the use of carbon fibre, and innovation increases penetration of CFRP composites in end-user applications and in emerging market economies, demand for CFRP composites will rise.

Rising oil prices will drive the need for fuel efficient vehicles and aircraft, the growth of electric and hybrid vehicles will increase CFRP composites usage in the automotive industry, and the development of the wind power market and, offshore drilling and deeper oil and gas exploration will increase the penetration of carbon fibre in the energy industry. 

The 186 page report contains 120 tables, charts and graphs that add visual analysis in order to explain developing trends within the CFRP composites market. This study provides forecasts for the period 2014-2024 in terms of value (US$) for the CFRP composites market. In addition, 14 leading national CFRP composites markets and 6 CFRP composites submarkets are forecasted and analysed over the period 2014-2024.The report also provides profiles of several leading companies operating within the market such as Toray Industries, Hexcel, Cytec, Toho Tenax Co. Ltd., Mitsubishi Rayon etc. and includes 2 interviews with experts in the CFRP composites market; Old Ridge National Laboratory and Michelman, providing industry insight alongside the analysis.

The Carbon Fibre Reinforced Plastics (CFRP) Composites Market Forecast 2014-2024: Future Potential for Top Companies in Aerospace, Automotive, Energy, Construction & Sporting Equipment report will be of value to current and future potential investors into the CFRP composites sector, as well as companies and research centres who wish to broaden their knowledge of the CFRP composites market.