Carbon Fiber Reinforced Plastic in Automotive Armor Sleeves Market - Forecast(2020 - 2025)
Carbon Fiber Reinforced Plastic in Automotive Armor Sleeves Market Overview: According to a report published by IndustryARC on carbon fiber reinforced plastic (CFRP) market, the automotive sector will generate a high demand for products made out of CFRP. Through this, the global CFRP market has been evaluated to attain a revenue of $15.24 billion by the end of 2023. This evaluation is reflective of the utilization of carbon fiber reinforced plastic worldwide which is known for its strength that is approximately ten times better than that of steel. Moreover, carbon fiber is resistant to corrosion caused by both alkaline and acidic substances. This has instigated a need for using carbon fiber reinforced plastic in the manufacture of automotive parts such as armor sleeves. Armor sleeves are a component used in electric motors that control the rotating assemblies which help in minimizing the eddy currents . Eddy currents are often linked with loss of power generated ...