Carbon Fiber Reinforced Plastic Market – Forecast, 2024-2030
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Carbon fiber reinforced plastic market size is forecast to?reach $30.5 billion by 2030,?after growing at a?CAGR of 9.41%?during?2024-2030.
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This is mainly due to the tensile strength carried by CFRP, which falls between 1500 and 3500 MPa, whereas its metallic counterparts such as aluminum and steel only possess tensile strength of 450–600 MPa and 750–1500 MPa, respectively.
CFRP, known for its exceptional strength-to-weight ratio and high-performance characteristics, is extensively utilized in the aviation and defense sectors. The aerospace industry, in particular, relies on #CFRP for manufacturing components such as aircraft wings, fuselage sections, and interior structures.
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? Growing demand for fuel-efficient & lightweight vehicles
? Expansion of #aerospace & defense applications
? Rising adoption in #renewable #energy (wind turbines)
? Increased focus on sustainability & recyclability
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?? Next-Gen CFRP: Advanced manufacturing techniques for cost reduction
?? Recyclable CFRP: Eco-friendly solutions for #sustainability
?? CFRP in EVs: Enhancing energy efficiency in #electric_vehicles
?? Automation in CFRP Production: Faster & cost-effective manufacturing
?? New Applications: Growth in #medical devices, robotics & infrastructure
?????? ?????????????? ?????? ?????????????? ??????: Toray Industries, Inc. | Hexcel Corporation | Mitsubishi Chemical Group | SGL Carbon | Teijin Limited | DowAksa | Cytec Solvay Group | Hyosung Corporation | Gurit | Solvay | Nippon Gases | SABIC | Allred & Associates, Inc. | R?chling Group | Nikkiso Clean Energy & Industrial Gases