- Carbon fibers (CF) are thin, strong strands primarily composed of carbon atoms. They possess exceptional strength-to-weight ratio and high stiffness, making them ideal for various applications. Carbon fiber reinforced plastics (CFRP) combine these fibers with a polymer matrix, enhancing structural integrity and reducing weight in aerospace, automotive, and sporting goods industries
- CFRP offers superior performance, durability, and versatility in diverse engineering fields
- North America is expected to dominate the carbon fibers (CF) and carbon fiber reinforced plastics (CFRP)s market with 40.5% due to automotive industry, especially in electric vehicles, increasingly incorporates CFRP to reduce weight and improve energy efficiency
- Asia-Pacific is expected to be the fastest growing region in the carbon fibers (CF) and carbon fiber reinforced plastics (CFRP) market during the forecast period due to demand for lightweight and high-performance vehicles
- Thermosetting CRPF segment is expected to dominate the market with a market share of 74.2% due to its research and development activities, companies are developing various manufacturing techniques
