CFRP Market Breakdown by Application
According to Business Wire, Aerospace and Defense Industry is the dominant carbon fiber user, and this trend is predicted to continue this way until 2028.
Global Carbon Fiber Breakdown By Application
- Aerospace and Defense: 29%
- Automotive: 16%
- Wind Turbines (Energy): 14%
- Sports Consumer Goods: 12%
- Moulding & Compound: 11%
- Pressure Vessels: 5%
- Civil Engineering (Construction): 4%
- Marine: 2%
- Others: 7%
During our search, we utilized market research sources, such as Link Springer, Research Gate, Statista, Mordor Intelligence, Grand View Research, Business Wire, and Report Linker, because they usually provide a breakdown of various industries in terms of geography, application, and key players.
After a deep search in the above sources, we could find that they provide recent data on the breakdown of carbon fiber reinforced polymer (cfrp) or carbon fiber market by application; however, this information is behind the paywall. The sources with publicly available data only provide the carbon fiber breakdown by application for 2013 and 2014. This is the data we provided above in the findings section since we could not access the most recent data behind the paywalled sources. Also, for some end-use markets, such as UAV, medical, and electronics, we could not find their percentages from the carbon fiber market's breakdown. Our assumption here was that their percentages are so insignificant and were combined to form the "Others" end-use market.