Carbon Fiber Reinforced Plastic (CFRP) Market Is Expected to Grow to $20.92 Billion by 2020: Grand View Research, Inc.
The global carbon fiber reinforced plastic market is expected to reach USD 20.92 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for high performance, light weight materials in automotive and aerospace industries is expected to remain a key driving factor for the global carbon fiber reinforced plastics (CFRP) market. Stringent regulations pertaining to vehicular emissions and high fuel prices have prompted CFRP adoption in automotive industry particularly in the U.S. and Europe. CRFP...
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