LONDON, July 9, 2015 /PRNewswire/ --
The consumption of carbon fibre reinforced composites has increased significantly in recent years and is expected to grow at a more rapid pace during the coming decade.
The CFRP composites market has been dominated by North America, accounting for over a third of the global market. However, we expect the European and Asian regions to expand more rapidly, where growth rates perform above the global trend. Moreover, we predict strong growth of CFRP consumption in automotive, energy and aerospace applications as a result of the higher demand for fuel efficient vehicles and aircrafts. The amount of electric and hybrid vehicles manufactured has also increased considerably in recent years and this has led to higher usage of CFRP composites in the automotive and fuel cells sectors. Furthermore, the development of the wind power market, offshore drilling and deeper oil gas exploration have contributed to the growth of the CFRP market in energy sector.
For 2015, we forecast the global CFRP composites market to be worth $29.08bn. We also estimate the global consumption of CFRP to reach 78.39 million tonnes this year. The main growth restrainers are high prices of raw materials and lack of manufacturing knowledge as there are a number of manufacturers that still do not trust this material.
In the long-term we anticipate the costs of carbon fibre materials and production to decline, which will see increases in the number of new applications and production volume that will help drive the market through to 2025.
Additionally, we predict the superior performance per weight of CFRP and environmental regulations to lower CO2 emissions in the EU and the US will continue driving the demand for CFRP composites in the coming years
Why you should buy the Carbon Fibre Reinforced Polymers (CFRP) Composites Market Forecast 2015-2025: Prospects for Leading Companies report? What does the future hold for the CFRP composites market? Will this market surpass the market for metals? What is restraining the growth of the CFRP market? Will the prices for CFRP decline in the future? How will current low oil prices affect CFRP consumption in the future? What are the leading companies in the market and what are their forecasted CFRP revenues?
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The report provides 195 tables, charts, and graphs
- Let our analysts present you with a thorough assessment of the current and future CFRP composites prospects. This analysis will achieve quicker, easier understanding. Also you will gain from our analyst's industry expertise allowing you to demonstrate your authority on the CFRP composites sector.
View 4 exclusive expert company interviews. Visiongain is one of the few business intelligence companies that provides full transcripts of primary research company interviews. Learn what industry thought leaders are thinking.
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- Dr Niccolo Pini, Chief Technology Officer and Founder, kringlan composites AG
- Mr Dan Norton, Automotive Sector Manager, FORMAX
- M-Factory Industry Holding
- Mr Rinus Prins- CEO, Gerard de Weerd- CTO and Harry Prins- Advisor, FRT Tapes
Discover sales predictions for the key submarkets by end-use sectors from 2015-2025
- What are the dynamics driving the CFRP composites industry? How will the submarkets expand? Which submarkets will generate the most revenue? Use our forecasts and expert insight to grow your business and give you more industry influence. Stay informed about the potential for each of these CFRP composites submarkets with individual forecasts and analysis from 2015 to 2025.
- Automotive CFRP Composites Market
- Aerospace CFRP Composites Market
- Energy CFRP Composites Market
- Construction & Infrastructure CFRP Composites Market
- Sport & Leisure CFRP Composites Market
- Marine CFRP Composites Market
- Others CFRP Composites Market
Understand the prospects for the leading national and regional CFRP composites markets – where will the highest revenues and opportunities occur?
- Learn about the market potential for CFRP composites companies in the developed and developing countries, from 2015 onwards. You will see where and how opportunities exist with revealing individual market forecasts and analysis from 2015-2025 for 5 leading regional and 15 national markets.
- North America forecast 2015-2025
- US forecast 2015-2025
- Rest of North America forecast 2015-2025
- South America forecast 2015-2025
- Brazil forecast 2015-2025
- Rest of South America Forecast 2015-2025
- Europe forecast 2015-2025
- Germany forecast 2015-2025
- UK forecast 2015-2025
- France forecast 2015-2025
- Italy forecast 2015-2025
- Spain forecast 2015-2025
- Russia forecast 2015-2025
- Rest of Europe forecast 2015-2025
- Asia-Pacific forecast 2015-2025
- China forecast 2015-2025
- Japan forecast 2015-2025
- India forecast 2015-2025
- Rest of Asia-Pacific forecast 2015-2025
- RoW forecast 2015-2025
Explore the factors affecting product developers, and everyone within the value chain. Learn about the forces influencing market dynamics.
- Explore the strengths, weaknesses, opportunities and threats (SWOT) affecting the industry and product advances. Discover what the present and future outlook for business will be. Learn about the following business critical issues –
- Research and development (R&D) strategy
- Technological issues and constraints
- Supply and demand dynamics
- Increasing specialisation by leading players
- Advances in product quality
- Demographic changes
Identify who the leading companies are in the CFRP composites industry
- Our report reveals the companies which hold the greatest potential. In particular, exploring and analysing the activities of these companies: See where the expected gains will be. View visiongain's assessment of the prospects for established competitors, rising companies, and new market entrants. Our work explains that potential, helping you stay ahead. Gain a thorough understanding of the competitive landscape with profiles of 7 leading CFRP composites companies examining their positioning, capabilities, projected revenue figures, product portfolios, R&D activity, services, focus, strategies, M&A activity, and future outlook.
- Mitsubishi Rayon
- SGL Group
Discover Information found nowhere else in this independent assessment of the composites market
CFRP Composites Market Forecast 2015-2025: Prospects for Leading Companies report provides impartial CFRP composites sector analysis. With the independent business intelligence found only in our work, you will discover where the prospects are for profit. In particular, our new research provides you with key strategic advantages: Our informed forecasts, independent and objective analysis, exclusive interviews and revealing company profiles will provide you with that necessary edge, allowing you to gain ground over your competitors.
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Visiongain's research methodology involves an exclusive blend of primary and secondary sources providing informed analysis. This methodology allows insight into the key drivers and restraints behind market dynamics and competitive developments. The report therefore presents an ideal balance of qualitative analysis combined with extensive quantitative data including global, submarket and regional markets forecasts from 2015 to 2025
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