HOME Top Market Reports Carbon Fiber (CF) and Carbon Fiber Reinforced Plastic (CFRP) Market by Raw Material & Tow Size, CFRP Market by Resin Type, by Manufacturing Process, by Application, and by Region - Trends and Forecasts to 2020

Carbon Fiber (CF) and Carbon Fiber Reinforced Plastic (CFRP) Market by Raw Material & Tow Size, CFRP Market by Resin Type, by Manufacturing Process, by Application, and by Region - Trends and Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: January 2016
Report Code: CH 2794

 

  Speak to Analyst Enquiry Before Buying  
purchase report
download pdf  request for customisation


The carbon fiber (CF) and carbon fiber reinforced plastics (CFRP) are the key elements in advanced composites materials. The global carbon fiber market was worth USD 2.08 Billion in 2014, registering a CAGR of 9.1% between 2015 and 2020. Additionally, the global CFRP market was valued at USD 20.29 Billion in 2014, and is projected to register a CAGR of 9.9% between 2015 and 2020. In this study, 2013 has been considered as the historical year and 2014 as the base year for estimating market size of CF and CFRP.

Different secondary sources such as company websites, encyclopedias, directories, and databases have been used to identify and collect information that is useful for this extensive commercial study of the global CF and CFRP market. The primary sources, which include experts from related industries, have been interviewed to verify and collect critical information as well as to assess the future prospects of the market. The top-down approach has been implemented to validate the market size, in terms of value and volume. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

Carbon Fiber and Carbon Fiber Reinforced Plastic (CFRP) Market

The market for CFRP has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as manufacturers, vendors, end-users, and government organizations. Most of the major players in the market for CFRP have done backward and forward integration to strengthen their position in the prevailing market. Some of the major raw material suppliers as well as manufacturers are Toray Industries Inc. (Japan), Teijin Limited (Japan), and Mitsubishi Rayon Co. Ltd. (Japan).

This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing the efforts and investments. These stakeholders include the carbon fiber manufacturers such as the Toray Industries, Teijin Limited, Mitsubishi Rayon Co. Ltd., and SGL Group (Germany).

Scope of the Report:

This research report categorizes the market for CF and CFRP based on raw material & tow size, resin type, manufacturing process, application, and region and forecasts revenue growth and analysis of trends in each of the submarkets.

On the Basis of Raw Materials: The carbon fiber market is segmented on the basis of raw materials such as PAN-, pitch-, and rayon- based carbon fiber. Each form is further described in detail in the report with value and volume forecasts till 2020.

On the Basis of Tow Sizes: The CF market is segmented on the basis of tow sizes such as small tow (<24K) and large tow (>24K). Each type is further described in detail in the report with value and volume forecasts till 2020.

On the Basis of Resin Types: The market for CFRP is segmented on the basis of resin types that include thermoset and thermoplastic composites. Each application segment is further described in detail in the report with value and volume forecasts till 2020.

On the Basis of Manufacturing Processes: The CFRP market is segmented on the basis of manufacturing processes, namely, lay-up, filament winding, injection molding, pultrusion, compression molding, resin transfer molding, and other processes. Each application segment is further described in detail in the report with value and volume forecasts till 2020.

On the Basis of Applications: The market for CFRP is segmented on the basis of applications that include industries such as aerospace & defense, wind energy, automotive, sporting goods, civil engineering, pipe & tank, electronics & electricals, marine, and others. Each application segment is further described in detail in the report with value and volume forecasts till 2020.

On the Basis of Regions: The market for CFRP is segmented by region as North America, Europe, Asia-Pacific, and RoW (Rest of the World). Each region is further segmented by key countries such as the U.S., Canada, Mexico, Germany, France, the U.K., Italy, Spain, China, Taiwan, Japan, South Korea, and Brazil.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American CFRP market
  • Further breakdown of the European CFRP market
  • Further breakdown of the Asia-Pacific CFRP market
  • Further breakdown of the RoW CFRP market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 CFRP Market Size, in Terms of Value, 2020
    4.2 CFRP Market, By Manufacturing Processes
    4.3 CFRP Market By Key Application
    4.4 Market Share (Volume), By Country
    4.5 CFRP Application Market Share, By Value
    4.6 Application Industry Growth Matrix

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 Carbon Fiber Market, By Raw Material Type
           5.3.2 CFRP Market, By Manufacturing Process
           5.3.3 CFRP Market, By Resin Type
           5.3.4 CFRP Market, By Application
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increase in the Use of Carbon Fiber and Carbon Fiber Reinforced Plastics in Boeing and Airbus Aircrafts
                    5.4.1.2 Increase in Demand for Fuel-Efficient Vehicles
                    5.4.1.3 Focus on Production of Electricity From Renewable Sources
           5.4.2 Restraints
                    5.4.2.1 High Cost of Carbon Fiber Composites
                    5.4.2.2 Insufficient Production Capacity
           5.4.3 Opportunities
                    5.4.3.1 Potential Opportunities in New Applications
                    5.4.3.2 Growing Demand From Emerging Markets
           5.4.4 Challenges
                    5.4.4.1 to Produce Low-Cost Carbon Fiber for Large Volume Applications
                    5.4.4.2 No Major Research and Technical Advancements
    5.5 Burning Issues
           5.5.1 High Capital Costs
           5.5.2 Need for Low-Cost Technologies

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Raw Material Analysis
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Cf Market, By Raw Material Type & Tow Size (Page No. - 57)
    7.1 Introduction
    7.2 Polyacrylonitrile (Pan-Based) Carbon Fibers
           7.2.1 Pan-Based Carbon Fiber, By Fiber Size
                    7.2.1.1 Small-Tow (<24k)
                    7.2.1.2 Large-Tow (>24k)
    7.3 Pitch-Based Carbon Fiber
    7.4 Rayon-Based Carbon Fiber

8 CFRP Market, By Resin Type (Page No. - 62)
    8.1 Introduction
    8.2 Thermosetting CFRP
           8.2.1 Thermosetting CFRP, By Resin Type
    8.3 Thermoplastic CFRP
           8.3.1 Thermoplastic CFRP, By Resin Type

9 CFRP Market, By Manufcaturing Process (Page No. - 70)
    9.1 Introduction
    9.2 Lay Up Process
    9.3 Compression Molding Process
    9.4 Resin Transfer Molding Process
    9.5 Filament Winding Process
    9.6 Injection Molding Process
    9.7 Pultrusion Process
    9.8 Other Processes

10 CFRP Market, By Application (Page No. - 82)
     10.1 Introduction
     10.2 Aerospace & Defense
     10.3 Wind Energy
     10.4 Automotive
     10.5 Sporting Goods
     10.6 Civil Engineering
     10.7 Pipe & Tank
     10.8 Marine
     10.9 Electrical & Electronics
     10.10 Other Applications

11 CFRP Market, By Region (Page No. - 98)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia-Pacific
     11.5 Rest of the World

12 Competitive Landscape (Page No. - 110)
     12.1 Introduction
     12.2 Competitive Situations and Trends
              12.2.1 Investments & Expansions
              12.2.2 Agreements, Joint Ventures & Collaborations
              12.2.3 Mergers & Acquisitions
              12.2.4 New Product & Technology Launches

13 Company Profiles (Page No. - 117)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     13.1 Introduction
     13.2 Toray Industries Inc.
     13.3 Teijin Limited
     13.4 Mitsubishi Rayon Co. Ltd.
     13.5 SGL Group
     13.6 Formosa Plastics Corporation
     13.7 Hexcel Corporation
     13.8 Hyosung
     13.9 Tencate
     13.10 Dowaksa
     13.11 Cytec Industries Inc.
     13.12 Taekwang Industrial Co. Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 149)
     14.1 Other Developments
     14.2 Discussion Guide
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (90 Tables)

Table 1 Carbon Fiber Market Size (Volume & Value), 2013–2020
Table 2 CFRP Market Size (Volume & Value), 2013–2020
Table 3 By Raw Material Type
Table 4 By Manufacturing Process
Table 5 By Resin Type
Table 6 By Application
Table 7 Impact Analysis of Drivers
Table 8 Cost Structure With Current Technology, 2013
Table 9 Impact Analysis of Restraints
Table 10 Impact Analysis of Opportunities
Table 11 Impact Analysis of Challenges
Table 12 Carbon Fiber Market Size, By Raw Material Type, 2013–2020 (USD Million)
Table 13 Carbon Fiber Market Size, By Raw Material Type, 2013–2020 (Kiloton)
Table 14 Pan-Based Cf Market Size, By Tow Size, 2013–2020 (USD Million)
Table 15 Pan-Based Cf Market Size, By Tow Size, 2013–2020 (Kiloton)
Table 16 Pitch-Based Cf Market Size, By Tow Size, 2013–2020 (USD Million)
Table 17 Pitch-Based Cf Market Size, By Tow Size, 2013–2020 (Kiloton)
Table 18 CFRP Market Size, By Type, 2013–2020 (USD Million)
Table 19 CFRP Market Size, By Type, 2013–2020 (Kiloton)
Table 20 Thermosetting CFRP Market Size, By Resin Type, 2013–2020 (USD Million)
Table 21 Thermosetting CFRP Market Size, By Resin Type, 2013–2020 (Kiloton)
Table 22 Thermosetting CFRP Market Size, By Region, 2013–2020 (USD Million)
Table 23 Thermosetting CFRP Market Size, By Region, 2013–2020 (Kiloton)
Table 24 Thermoplastic CFRP Market Size, By Resin Type, 2013–2020 (USD Million)
Table 25 Thermoplastic CFRP Market Size, By Resin Type, 2013–2020 (Kiloton)
Table 26 Thermoplastic CFRP Market Size, By Region, 2013–2020 (USD Million)
Table 27 Thermoplastic CFRP Market Size, By Region, 2013–2020 (Kiloton)
Table 28 CFRP Market Size, By Manufacturing Process, 2013–2020 (USD Million)
Table 29 CFRP Market Size, By Manufacturing Process, 2013–2020 (Kiloton)
Table 30 Lay Up Process Market Size, By Region, 2013–2020 (USD Million)
Table 31 Layup Process Market Size, By Region, 2013–2020 (Kiloton)
Table 32 Compression Molding Process Market Size, By Region, 2013–2020 (USD Million)
Table 33 Compression Molding Process Market Size, By Region,2013–2020 (Kiloton)
Table 34 RTM Process Market Size, By Region, 2013–2020 (USD Million)
Table 35 RTM Process Market Size, By Region, 2013–2020 (Kiloton)
Table 36 Filament Winding Process Market Size, By Region,2013–2020 (USD Million)
Table 37 Filament Winding Process Market Size, By Region,2013–2020 (Kiloton)
Table 38 Injection Molding Process Market Size, By Region,2013–2020 (USD Million)
Table 39 Injection Molding Process Market Size, By Region, 2013–2020 (Kiloton)
Table 40 Pultrusion Process Market Size, By Region, 2013–2020 (USD Million)
Table 41 Pultrusion Process Market Size, By Region, 2013–2020 (Kiloton)
Table 42 Other Processes Market Size, By Region, 2013–2020 (USD Million)
Table 43 Other Processes Market Size, By Region, 2013–2020 (Kiloton)
Table 44 CFRP Market Size ,By Application Industry, 2013–2020 (USD Million)
Table 45 CFRP Market Size, By Application Industry, 2013–2020 (Kiloton)
Table 46 Demand for Airplanes, By Region, 2014–2033
Table 47 Carbon Fiber Reinforced Plastic Market Size in Aerospace & Defense Application, By Region, 2013–2020 (USD Million)
Table 48 CFRP Market Size in Aerospace & Defense Application, By Region, 2013–2020 (Kiloton)
Table 49 Carbon Fibers Used in Aircraft, By Volume, 1981–2014
Table 50 Carbon Fiber Reinforced Plastic Market Size in Wind Energy Application, By Region, 2013–2020 (USD Million)
Table 51 CFRP Market Size in Wind Energy Application, By Region,2013–2020 (Kiloton)
Table 52 Carbon Fiber Reinforced Plastic Market Size in Automotive Application, By Region, 2013–2020 (USD Million)
Table 53 CFRP Market Size in Automotive Application, By Region,2013–2020 (Kiloton)
Table 54 Carbon Fiber Reinforced Plastic Market Size in Sporting Goods Application, By Region, 2013–2020 (USD Million)
Table 55 CFRP Market Size in Sporting Goods Application, By Region, 2013–2020 (Kiloton)
Table 56 Carbon Fiber Reinforced Plastic Market Size in Civil Engineering Application, By Region, 2013–2020 (USD Million)
Table 57 CFRP Market Size in Civil Engineering Application, By Region, 2013–2020 (Kiloton)
Table 58 CFRP Market Size in Pipe & Tank Application, By Region, 2013–2020 (USD Million)
Table 59 CFRP Market Size in Pipe & Tank Application, By Region,2013–2020 (Kiloton)
Table 60 Carbon Fiber Reinforced Plastic Market Size in Marine Application, By Region,2013–2020 (USD Million)
Table 61 CFRP Market Size in Marine Application, By Region, 2013–2020 (Kiloton)
Table 62 CFRP Market Size in Electrical & Electronics Application, By Region, 2013–2020 (USD Million)
Table 63 CFRP Market Size in Electricals & Electronics Application, By Region, 2013–2020 (Kiloton)
Table 64 Carbon Fiber Reinforced Plastic Market Size in Other Applications, By Region,2013–2020 (USD Million)
Table 65 CFRP Market Size in Other Applications, By Region, 2013–2020 (Kiloton)
Table 66 CFRP Market Size, By Region, 2013–2020 (USD Million)
Table 67 CFRP Market Size, By Region, 2013–2020 (Kiloton)
Table 68 North America: CFRP Market Size, By Country, 2013–2020 (USD Million)
Table 69 North America: CFRP Market Size, By Country, 2013–2020 (Kiloton)
Table 70 Europe: CFRP Market Size, By Country, 2013–2020 (USD Million)
Table 71 Europe: CFRP Market Size, By Country, 2013–2020 (Kiloton)
Table 72 Asia-Pacific: CFRP Market Size, By Country, 2013–2020 (USD Million)
Table 73 Asia-Pacific: CFRP Market Size, By Country, 2013–2020 (Kiloton)
Table 74 RoW: CFRP Market Size, By Country, 2013–2020 (USD Million)
Table 75 RoW: CFRP Market Size, By Country, 2013–2020 (Kiloton)
Table 76 Investments & Expansions
Table 77 Agreements, Joint Ventures & Collaborations
Table 78 Mergers & Acquisitions
Table 79 New Product & Technology Launches, 2011-2015
Table 80 Toray Industries Inc.: Product and Their Applications
Table 81 Teijin Limited: Product and Their Applications:
Table 82 Mitsubishi Rayon Co. Ltd.: Product and Their Applications
Table 83 SGL Group: Product and Their Applications
Table 84 Formosa Plastics Corporation: Product and Their Applications:
Table 85 Hexcel Corporation: Product and Their Applications:
Table 86 Hyosung: Product and Their Applications
Table 87 Tencate: Product and Their Applications:
Table 88 Dowaksa: Product and Their Applications:
Table 89 Cytec Industries Inc.: Product and Their Applications
Table 90 Taekwang Industrial Co. Ltd.: Product and Their Applications:
 
 
List of Figures (55 Figures)
 
Figure 1 Carbon Fiber and CFRP: Market Segmentation
Figure 2 CF and CFRP Market: Research Design
Figure 3 Key Industry Insights
Figure 4 Breakdown of Primary Interviews: By Company Type,  Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Breakdown and Data Triangulation
Figure 8 Aerospace & Defense Market Set to Drive the CFRP Market,  By Volume, 2015–2020
Figure 9 RTM Process is Expected to Be the Fastest-Growing Manufacturing Process in the CFRP Market
Figure 10 North America Dominated the CFRP Market, By Volume, 2014
Figure 11 Attractive Opportunities in the CFRP Market, 2015–2020
Figure 12 Resin Transfer Molding Process is Expected to Be the Fastest-Growing Manufacturing Process for CFRP, 2015–2020
Figure 13 North America Was the Biggest Market for CFRP, in Terms of Value,2014
Figure 14 U.S. and Japan Command Major Shares in the CFRP Market, 2014
Figure 15 Aerospace & Defense Application Accounts for the Lagest Market Size, 2015-2020 (USD Million)
Figure 16 Automotive is Projected to Be the Fastest Growing Application Market for CFRP, 2015–2020
Figure 17 Fast Development of Cf and CFRP for Industry Applications
Figure 18 Drivers, Restraints, Opportunities, and Challenges in the Cf and CFRP Market
Figure 19 Value Chain Analysis: Maximum Value is Added During Carbon Fiber Composite Design & Processing Phase
Figure 20 Raw Material Analysis
Figure 21 Porter’s Five Forces: Intensity of Rivalry is High Due to Presence of Few Players
Figure 22 Pan-Based Carbon Fiber Dominates the Carbon Fiber Market, By Raw Material Type, 2015 vs. 2020
Figure 23 Thermosetting CFRP Dominate the CFRP Market, 2015 vs. 2020
Figure 24 North America Dominates the Thermosetting CFRP Market, 2015–2020
Figure 25 North America is Expected to Be the Fastest-Growing Market for Thermoplastic CFRP, 2015 vs. 2020
Figure 26 Layup Manufacturing Process to Dominate the CFRP Composites Market, 2015–2020
Figure 27 RTM Process to Witness the Highest Growth in North America in the CFRP Market, 2015–2020
Figure 28 North America is Projected to Drive the CFRP Market for Injection-Molding Process, 2015–2020
Figure 29 Automotive Industry to Outpace Other Markets in Growth,  2015 vs. 2020
Figure 30 North America is Expected to Drive the CFRP Market in Aerospace & Defense Industry, 2015 vs. 2020
Figure 31 Asia-Pacific is Projected to Register the Highest Growth Rate in the CFRP Market in Automotive Application, 2015 vs. 2020
Figure 32 China is Projected to Register the Highest Growth Rate in the CFRP Market, 2015–2020
Figure 33 North America CFRP Market Snapshot—The U.S. is the Dominating Market
Figure 34 Europe CFRP Market Snapshot: Italy is the Fastest-Growing Market
Figure 35 Japan is the Key Market for CFRP in Asia-Pacific, 2015–2020
Figure 36 Automotive is Projected to Be the Fastest-Growing Application of CFRP in RoW, 2015–2020
Figure 37 Companies Adopted Agreements, Joint Ventures & Collaborations, and Expansions as the Key Growth Strategies Between 2011 and 2015
Figure 38 Yearly Market Development Matrix: 2014 Witnessed the Maximum Number of Developments, 2011–2015
Figure 39 Agreements, Joint Ventures & Collaborations and Expansions: Most Preferred Development Strategies
Figure 40 Regional Revenue Mix of Top 5 Market Players
Figure 41 Toray Industries Inc.: Company Snapshot
Figure 42 Toray Industries Inc.: SWOT Analysis
Figure 43 Teijin Limited: Company Snapshot
Figure 44 Teijin Limited: SWOT Analysis
Figure 45 Mitsubishi Rayon Co. Ltd.: Company Snapshot
Figure 46 SGL Group: Company Snapshot
Figure 47 SGL Group: SWOT Analysis
Figure 48 Formosa Plastics Corporation: Company Snapshot
Figure 49 Formosa Plastics Corporation: SWOT Analysis
Figure 50 Hexcel Corporation: Company Snapshot
Figure 51 Hexcel Corporation: SWOT Analysis
Figure 52 Hyosung: Company Snapshot
Figure 53 Tencate: Company Snapshot
Figure 54 Cytec Industries Inc.: Company Snapshot
Figure 55 Cytec Industries Inc.: SWOT Analysis

The global market size of carbon fiber, in terms of value, is projected to reach USD 3.51 Billion by 2020, at a CAGR of 9.1% between 2015 and 2020. In terms of volume, the global market for carbon fiber (CF) is projected to reach 101.0 kilotons by 2020, at a CAGR of 11.6% during the same period. Additionally, the global market for carbon fiber reinforced plastic (CFRP), in terms of value, is projected to reach USD 35.75 Billion by 2020, at a CAGR of 9.9% between 2015 and 2020. In terms of volume, global market for CFRP is projected to reach 152.6 kilotons by 2020, at a CAGR of 10.8% during the same period. The increasing number of patents filed for CFRP products & applications by global players, growing manufacturing industries, continuous agreements, joint ventures & collaborations, and expansion activities undertaken by companies are key factors for the growth of the global market for CF and CFRP.

The pitch-based carbon fiber is expected to be the fastest-growing raw material type in the carbon fiber market. This is because these fibers have ultra-high elastic modulus, which is extensively used in high stiffness components and have various advantages such as high thermal and electric conductivity. Additionally, in terms of resin type, the thermoplastic composite is expected to be the fastest-growing resin type in the CFRP market. This is because thermoplastic resin as a matrix material can be reshaped and reformed unlike in case of thermoset resin. The composite formed is also easily recyclable.

The automotive application segment is projected to be the fastest-growing segment in the global CFRP market between 2015 and 2020. This can be attributed to the growing needs of lighter, safer, cleaner, and more cost-effective vehicles. Many car companies, such as BMW (Germany), Audi (Germany), and GM (U.S.), have entered in high-level agreements with carbon fiber composite material producers. High-end vehicles are incorporating carbon to make one piece car frames that will drive the CF and CFRP market in the automotive industry in the near future.

The North American region, being the largest market for CFRP, is also projected to register a high CAGR of 10.7% in the CFRP market, in terms of value between 2015 and 2020. This growth is driven by the rising demand for superior performance products in the aerospace & defense industry, demand from the medium-duty vehicle (MDV) and heavy-duty vehicle (HDV) for type-II and type-III CNG cylinders, ease of availability of raw materials, and increasing expansion & other development strategies in the region.

Carbon Fiber and Carbon Fiber Reinforced Plastic (CFRP) Market

The market for CF and CFRP is rapidly gaining importance. However, few factors act as a bottleneck towards its growth in the global CFRP market. The limited production capacity, high cost of carbon fiber, and no major breakthrough from research and technology side are the major restraints toward the growth of the CFRP market.

The companies such as Toray Industries Inc. (Japan), Teijin Limited (Japan), Mitsubishi Rayon Co. Ltd. (Japan), SGL-Group (Germany), Formosa Plastics Corporation (Taiwan), and Hexcel Corporation (U.S.) are the dominant market players in the global carbon fiber and CFRP market. They have been adopting various organic and inorganic growth strategies such as agreements, joint ventures & collaborations, expansions, mergers & acquisitions, and new product launches & technology developments to enhance the current market scenario of the CF and CFRP market.

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Chemicals Markets on KnowledgeStore
Request Demo Now