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Technavio’s market research analysts have identified the increasing demand from the aerospace industry as one of the primary factors that will trigger the growth of the carbon fiber reinforced plastic (CFRP) market in the coming years. Owing to the improvements in the standard of living, open market, and industrialization, the aerospace industry will grow during the forecast period. The growing tourism in APAC countries such as China, Hong Kong, Malaysia, Thailand, Singapore, and India, will boost the growth of the aerospace industry. Moreover, growth in e-commerce market leads to business-to-consumer delivery of retail purchases which in turn will foster the demand for freight transportation. Our market research analysts estimate that in terms of volume this market will grow at a CAGR of more than 11% by 2022.
The increasing demand for fuel-efficient vehicles and electric cars is one of the key trends in the carbon fiber reinforced plastic (CFRP) market. Owing to the increasing urban population and rapid industrialization, automobile industries are witnessing huge growth in countries such as China and India. The increasing awareness about the benefits of green vehicles and lightweight vehicles can lead to increase in demand for fuel-efficient vehicles. Moreover, the demand for fuel-efficient and green vehicles is going to increase due to stringent government policies to reduce the emission of greenhouse gases, carbon dioxide, and other harmful pollutants.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY RAW MATERIALS
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
List of abbreviations
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