DUBLIN, Oct. 21, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Carbon Fiber Market & Carbon Fiber Reinforced Plastic (CFRP) Market by Type, Fiber size, & Region; CFRP Market by Type, Manufacturing Processes Application, and Region- Global Forecast to 2019" report to their offering.

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The Market for Carbon fiber reinforced plastic (CFRP) is expected to reach 176.6 kilotons market by 2019, with a promising annual growth rate of over 15.6%.

Advanced materials are widely used in various industries where Carbon fiber and carbon fiber reinforced plastic (CFRP) are the vital composite materials with a prominent reach into various applications such as aerospace & defense, automotive, wind energy, sporting goods, and other industrial applications. Among these two materials, CFRP has strong growth prospects in developing economies due to the increase in population, modern lifestyle, urbanization, and the green movement.

The global market for carbon fiber and CFRP are quiet promising, fast growing, and at technologically evolving stage. This report presents the global segmentation of carbon fiber and carbon fiber reinforced plastic market into sub-markets as per type, application, and geography. There are three different types classified to produce carbon fiber such as PAN-based, pitch-based, and rayon-based.

The carbon fiber reinforced plastic is segmented into thermosetting and thermoplastic and further classified on the basis of semi-finished product or manufacturing processes. The geographical segmentation includes North America, Europe, Asia-Pacific and Rest of world.

The global carbon fiber market by volume was 52.58 KT in 2013, and is projected to reach 112.69 KT in 2019, witnessing the growth at a CAGR of 13.9% till 2019. In 2013, the rise in production is expected to grow more than double due to long-term supply contracts, penetration of carbon fiber composites into new areas of airframe structure and other industrial applications.

Global CFRP composite materials industry reached $16,479.40 million in 2013, and is projected to grow at a CAGR of 12.8% from 2014 to 2019 would be increasing by the growth of world aerospace, automotive, wind energy and other industrial markets. The value made by end products from composites was $80.0 billion in 2013, out of which the CFRP market contributed about 20% of total market and its market share is expected to increase in near future.

The North American composites market accelerated by -9.5% in 2013 whereas Europe and Asia both increased by -10% in 2013. In 2013, the North American CFRP composites market accelerated by 9.8%, whereas Europe and Asia recorded growth of 11.3% and 10.8% respectively.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Carbon Fiber Market, By Origin

7 Carbon Fiber Reinforced Plastic (CFRP) Market, By Type

8 CFRP Market, By Application

9 Regional Analysis

10 Competitive Landscape

11 Company Profiles

12 Appendix

Companies Mentioned:

• Cytec Industries
• Formosa Plastics Corporation
• Gurit Holding Ag
• Hexcel Corporation
• Hyosung
• Kringlan Composites
• Mitsubishi Rayon Co. Ltd
• Plasan Carbon Composites
• Sgl-Group
• Teijin Limited
• Tencate
• Toray Industries

For more information visit http://www.researchandmarkets.com/research/lvtvd8/carbon_fiber

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

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SOURCE Research and Markets