The factors that propel the growth of the carbon fiber reinforced plastic market include rise in demand for high-performance products in aerospace & defense, surge in demand for lightweight products in the automotive industry, developing infrastructure prospects, and rapid industrialization. On the other hand, there are factors that may hamper the growth of the market including long production cycles, volatile costs, and low availability of raw material. Carbon fiber reinforced plastic (CFRP) industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Carbon fiber reinforced plastic (CFRP) market could be explored by type, raw material, manufacturing process, application, and geography. The market could be explored by type as Epoxy Resin, Polyetherimide, Polyester Resin, Polyether Ether Ketone, Vinyl Resin, Polyurethane, Polyethersulfone, and Others. The market of carbon fiber reinforced plastic (CFRP) could be explored by raw material as Petroleum pitch, Polyacrylonitrile, and Others.
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