Lucintel Forecasts Carbon Fiber Reinforced Plastic Market to Reach $49.0 Billion by 2030

CITY, Country, 2024-Jul-11 — /EPR Network/ —

According to the recent study the carbon fiber reinforced plastic market is projected to reach an estimated $49.0 billion by 2030 from $29.9 billion in 2023, at a CAGR of 7.0% from 2023 to 2030. Growth in this market is primarily driven by growing demand for high performance and lightweight composite materials and increasing performance requirements in the various end use industries.

Browse 121 figures / charts and 95 tables in this 223 -page report to understand trends, opportunities and forecast in carbon fiber reinforced plastic market by end use (aerospace, automotive, wind energy, marine, sporting goods, construction, pressure vessel and others), process type, resin type, and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that aerospace will remain the largest end use segment over the forecast period due to superior strength-to-weight ratio and increasing demand for composites in the production of aircraft components, such as floor beams, ailerons, vertical stabilizers, elevators, wings, and engine nacelles.

Epoxy based carbon fiber reinforced plastic will remain the largest segment over the forecast period due to its better chemical and mechanical properties.

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North America is expected to remain the largest region and witness the highest growth over the forecast period due to the growth in aerospace market and increasing use of composite material in aerospace market because of its excellent mechanical properties.

GKN Fokker, Voith Composites, Plasan Carbon Composites, SGL Group, Mitsubishi Material Trading Corporation, DowAksa Advanced Composites Holding, Toray Industries Inc., Mitsubishi Rayon Corporation Limited, Teijin Limited, and Hexcel Corporation are among the major carbon fiber reinforced plastic market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1–972–636–5056 or write us at helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056

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