Carbon Fiber Reinforced Plastic in Automotive Armor Sleeves Market - Forecast(2020 - 2025)
Carbon Fiber Reinforced Plastic in Automotive Armor Sleeves Market Overview Carbon fiber reinforced plastic in automotive armor sleeves market is forecast to reach $905 million by 2025 , after growing at a CAGR of 9.50% during 2020-2025 , owing to the increasing adoption of carbon fiber reinforced plastics over conventional metallic alloys in automotive industries. This is mainly due to the tensile strength carried by CFRP, which falls between 1500 and 3500 MPa, whereas its metallic counterparts such as aluminum and steel only possess a tensile strength of 450–600 MPa and 750–1500 MPa, respectively. The growing demand for CFRP from the automotive industry due to the rising preference for fuel-efficient and light-weight vehicles in the market is the major factor driving the carbon fiber reinforced plastic in automotive armor sleeves market during the forecast period. Request Sample Carbon Fiber Reinforced Plastic in Automotive Armor Sleeves Market Report Coverage The report: “ Carbo