New Research: Lucintel Predicts a Bright Future for the Carbon Fiber Reinforced Plastic (CFRP) Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Carbon Fiber Reinforced Plastic (CFRP) Market 2019-2024”.  

This market report for carbon fiber reinforced plastic (CFRP) identifies and predicts future opportunities for growth in carbon fiber reinforced plastic (CFRP) market for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for carbon fiber reinforced plastic (CFRP) in the aerospace, automotive, pressure vessel, and wind energy industries. 

According to Lucintel’s market report, the carbon fiber reinforced plastic (CFRP) market is expected to reach an estimated $31.8 billion by 2024 with a CAGR of 4.3% from 2019 to 2024. Some of the dominant players in the carbon fiber reinforced plastic (CFRP) market are GKN Fokker, Mitsubishi, Voith, Hexcel Corporation, SGL Group, Plasan Carbon Composite, DowAksa and Toray.   

There are some interesting developments in carbon fiber reinforced plastic (CFRP) market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include the development of technologies to reduce the manufacturing cost of carbon fiber as well as part fabrication and reuse of CFRP as recycled carbon fiber reduces cost of product and environmental impact. 

Read more about this report at:

https://www.lucintel.com/carbon-fiber-reinforced-plastic-market.aspx 

Feel free to download research content by clicking: 

https://www.lucintel.com/rb/carbon-fiber-reinforced-plastic-market.aspx 

You can also get sample pages by clicking: 

https://www.lucintel.com/ds/carbon-fiber-reinforced-plastic-market.aspx 

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