CFRTP Market

CFRTP Market by Product Type (Continuous, Long, Short), Resin Type (PA, PEEK, PPS, PC, PP), Application (Aerospace & Defense, Consumer Electronics, Transportation), and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2028

Report Code: CH 4875 Nov, 2023, by marketsandmarkets.com

The CFRTP repair market is projected to grow from USD 8.9 billion in 2023 to USD 16.8 billion by 2028, at a CAGR of 13.5%. Thermoplastic composites have gained wide acceptance in aerospace, automotive, transportation, consumer electronics, and other applications due to their high performance, long product life cycle, low maintenance cost, and recyclability. Composite materials are increasingly gaining popularity over traditional materials due to their high tensile strength, low weight, and resistance to impact, corrosion, and chemicals. In addition, CFRTPs have longer durability and lower maintenance costs than steel and other metal alloys. These properties increase their use in aerospace, transportation, automotive, sporting goods, consumer devices, medical instruments, and other applications.

High raw materials and production costs of CFRTP and stiff competition from the thermoset composites are restraining the market’s growth. The CFRTP market will be propelled in the long-term forecast due to increasing use in aerospace applications and technological advancements.

Attractive Opportunities in CFRTP Market Trends

CFRTP Market

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CFRTP Market

CFRTP Market Dynamics

Driver: Flexibility in manufacturing complex shapes and designs

CFRTP is manufactured using long or continuous carbon fibers. These reinforcement fibers provide high strength and toughness, which can be used in applications such as aerospace and automotive. Long-fiber CFRTP and continuous-fiber CFRTP can offer design autonomy and dimensional stability. These features are useful in producing complex 3D composite components used in high-strength applications, including aerospace, defense, automotive, and others. Such 3D composite components cannot be produced using thermosets resins.

Restraint: Stiff competition from thermoset composites

Thermoplastic composites have a few disadvantages over thermoset composites. Thermoset resins offer high strength & stiffness and better FST (Flame, Smoke, and Toxicity), due to which they are used in applications such as aerospace and transportation. The high cost of carbon thermoplastic composites compared to thermosets is also a major restraint for its growth. Also, the mechanical strength and stiffness are higher in the thermoset composites than in carbon thermoplastic composites. Thermoset composites are more heat resistant and less costly than thermoplastics.

Opportunity: Changing focus of automotive OEMs toward CFRTP

OEMs and Tier 1 companies are implementing various strategies such as expansions, agreements, and partnerships to meet the growing demand for CFRTP composites. These companies are upgrading their manufacturing process to meet the increasing demand for carbon fiber and CFRTP in automotive applications. The features offered by CFRTP make them useful in various applications. Compared to thermoset composites, CFRTP offers operational stability at high temperature and pressure, immense strength, and good mechanical properties. In the automotive industry, CFRTP is used in large volumes to prepare monocoque, powertrain, and interior & exterior components. High-performance sports cars and luxury cars use the highest amount of CFRTP.

Challenge: Capital-intensive and complex manufacturing process of carbon fibers

Carbon fiber manufacturing is highly capital-intensive and requires significant investments. New technologies must be developed to produce low-cost carbon fiber to commercialize the end products. Production and development projects are being undertaken to reduce the manufacturing costs of carbon fiber products through advanced technologies and process solutions. According to some industry experts, the production process of carbon fiber is complex and lengthy compared to the other alternative products. Developing low-cost and simpler technologies for the commercial production of low-cost thermoplastic composites is a major challenge for governments, research laboratories, and carbon fiber producers globally.

Ecosystem: CFRTP Market

CFRTP Market Ecosystem

Based on the application, the aerospace & defense segment is estimated to account for the largest CFRTP market share during the forecast period.

The aircraft manufacturers are concentrating on lightweight and advanced design & processing solutions for manufacturing interior and exterior structures of new-generation commercial transport aircraft and those already in service. Various interior and exterior aerospace components manufactured with CFRTP help to reduce weight, increase fuel efficiency, and decrease greenhouse gas emissions. The advantages of CFRTP parts, such as higher specific strength, longer shelf life, excellent corrosion resistance, faster production rate, and simplified assembling, have increased the demand for composites in various structural and non-structural aerospace components.

Based on resin type, the PEEK resin is anticipated to register the highest CAGR in CFRTP market.

Polyether ether ketone (PEEK) is a high-performance semi-crystalline polymer with outstanding thermal stability, wear resistance, mechanical properties, and chemical resistance. It has high melting (Tm), glass transition (Tg), and continuous service temperature. It can be processed by conventional methods such as injection molding, extrusion, compression molding, and powder coating techniques. Carbon fiber reinforced PEEK CFRTP offers significant weight reduction to aerospace components compared to conventional metal and metal alloy parts. Complex shapes can be quickly and easily produced with PEEK CFRTPs.

Europe to hold the largest market share during the forecast period.

The market for CFRTP in Europe is characterized by capacity expansions, joint ventures, and agreements among various leading market players. Europe is home to some of the world’s largest automotive and aerospace manufacturers, and the demand for lightweight materials in these industries is expected to drive the growth of the CFRTP market in the region. The aerospace & defense industry is Europe’s largest consumer of CFRTP materials, followed by the automotive industry. This is due to the presence of major aerospace manufacturers such as Airbus, Dassault Aviation, and SAAB AG, among others.

CFRTP Market by Region

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Key Market Players

The CFRTP market is dominated by a few globally established players. Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Group Corporation (Japan), Solvay (Belgium), SGL Carbon (Germany), Avient Corporation (US), Celanese Corporation (US), Asahi Kasei Corporation (Japan), RTP Company (US), CompLam Material Co., Ltd. (Taiwan), Ensinger (Germany), and Jiangsu QIYI Technology Co., Ltd. (China), among others, are the main producers who have won significant contracts recently. Since global requirements are changing, contracts and new product development have received the majority of attention.

These companies are attempting to establish themselves in the CFRTP market by employing a range of inorganic and organic approaches. A thorough competitive analysis of these major CFRTP market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.

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Scope of the Report

Report Metric

Details

Market size available for years

2021–2028

Base year considered

2022

Forecast period

2023–2028

Units considered

Value (USD Million), Volume (Kiloton)

Segments Covered

By Resin Type, By Product Type, By Application, By Region

Geographies covered

Europe, North America, Asia Pacific, Latin America, Middle East, and Africa

Companies covered

Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Group Corporation (Japan), Solvay (Belgium), SGL Carbon (Germany), Avient Corporation (US), Celanese Corporation (US), Asahi Kasei Corporation (Japan), RTP Company (US), CompLam Material Co., Ltd. (Taiwan), Ensinger (Germany), Jiangsu QIYI Technology Co., Ltd. (China)

The study categorizes the CFRTP market based on Resin Type, Product Type, Application, and Region.

By Resin Type
  • PA
  • PEEK
  • PPS
  • PC
  • PP
  • Others
By Product Type:
  • Continuous carbon Fiber
  • Long Carbon Fiber
  • Short Carbon Fiber
By Application:
  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Transportation
  • Others
By Region:
  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Recent Developments

  • In June 2023, in order to reduce risk and accelerate the development cycle, Solvay and Spirit AeroSystems worked together to create advanced manufacturing concepts and obtain a step change in composite fabrication, automation, and assembly technologies. They will also investigate additional strategic alignment regarding upcoming innovation.
  • In April 2023, a collaboration agreement that was signed in 2017 between Solvay and GKN Aerospace has been extended. As per the agreement, both companies are working together to target future strategic high-rate programs and are creating a joint thermoplastic composites (TPC) roadmap to investigate new materials and manufacturing techniques for aerospace structures. Furthermore, Solvay will continue to be the preferred supplier of TPC materials for GKN Aerospace.
  • In March 2023, Solvay and Airborne received funding for a composite alternative to metal battery enclosures. This collaboration received support letters from Jaguar Land Rover and Vertical Aerospace. The companies plan to design more compact and lightweight enclosures for high-energy batteries in future electric cars and aircraft and aim to reuse composite waste.
  • In February 2023, Toray Industries, Inc. has developed a rapid integrated molding technology for carbon fiber reinforced plastic (CFRP) mobility components. This material sandwiches a light, porous carbon fiber-reinforced foam (CFRF) core prepreg skin, offering outstanding mechanical properties.
  • In November 2022, Celanese Corporation completed the acquisition of Mobility & Materials (M&M) business of DuPont. It acquired a broad portfolio of engineered thermoplastics and elastomers, industry-renowned brands and intellectual property, global production assets, and a world-class organization.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 35)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 MARKET SCOPE 
          FIGURE 1 CFRTP MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 UNITS CONSIDERED 
    1.7 LIMITATIONS 
    1.8 STAKEHOLDERS 
    1.9 SUMMARY OF CHANGES 
           1.9.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH APPROACH 
          FIGURE 2 CFRTP MARKET: RESEARCH DESIGN
    2.2 BASE NUMBER CALCULATION 
           2.2.1 SUPPLY-SIDE APPROACH
           2.2.2 DEMAND-SIDE APPROACH
    2.3 RECESSION IMPACT ANALYSIS 
          FIGURE 3 MAJOR FACTORS ATTRIBUTED TO GLOBAL RECESSION AND THEIR IMPACT ON CFRTP MARKET
    2.4 FORECAST NUMBER CALCULATION 
    2.5 RESEARCH DATA 
           2.5.1 SECONDARY DATA
                    2.5.1.1 Key data from secondary sources
           2.5.2 PRIMARY DATA
                    2.5.2.1 Key data from primary sources
                    2.5.2.2 Primary interviews with top CFRTP manufacturers
                    2.5.2.3 Breakdown of primary interviews
                    2.5.2.4 Key industry insights
    2.6 MARKET SIZE ESTIMATION 
           2.6.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.6.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.7 DATA TRIANGULATION 
          FIGURE 6 CFRTP MARKET: DATA TRIANGULATION
    2.8 RESEARCH ASSUMPTIONS 
    2.9 GROWTH FORECAST 
    2.10 RESEARCH LIMITATIONS 
    2.11 RISKS 
 
3 EXECUTIVE SUMMARY (Page No. - 51)
    FIGURE 7 PEEK TO BE FASTEST-GROWING RESIN TYPE DURING FORECAST PERIOD
    FIGURE 8 CONTINUOUS CARBON FIBER TO BE FASTEST-GROWING PRODUCT TYPE IN CFRTP MARKET
    FIGURE 9 AEROSPACE & DEFENSE APPLICATION DOMINATED MARKET IN 2022
    FIGURE 10 EUROPE DOMINATED CFRTP MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CFRTP MARKET 
          FIGURE 11 SIGNIFICANT GROWTH EXPECTED IN CFRTP MARKET BETWEEN 2023 AND 2028
    4.2 CFRTP MARKET, BY PRODUCT TYPE AND REGION 
          FIGURE 12 CONTINUOUS FORM AND ASIA PACIFIC WERE LARGEST MARKETS IN 2022
    4.3 CFRTP MARKET, BY RESIN TYPE 
          FIGURE 13 PP RESIN TYPE SEGMENT DOMINATED MARKET IN 2022
    4.4 CFRTP MARKET, BY APPLICATION 
          FIGURE 14 AEROSPACE & DEFENSE WAS LARGEST APPLICATION IN 2022
    4.5 CFRTP MARKET, BY KEY COUNTRY 
          FIGURE 15 CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CFRTP MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for fuel-efficient vehicles
                                TABLE 1 EUROPEAN UNION: CO2 EMISSION STANDARDS FOR NEW PASSENGER CARS (G/KM)
                    5.2.1.2 High demand for CFRTP in aerospace applications
                                TABLE 2 BOEING PLANE ORDERS
                    5.2.1.3 Technological advancements in CFRTP market
                    5.2.1.4 Flexibility in manufacturing complex shapes and designs
           5.2.2 RESTRAINTS
                    5.2.2.1 High raw material and production costs
                    5.2.2.2 Stiff competition from thermoset composites
           5.2.3 OPPORTUNITIES
                    5.2.3.1 High demand for CFRTP in wind energy projects
                    5.2.3.2 Changing focus of automotive OEMs toward CFRTP
           5.2.4 CHALLENGES
                    5.2.4.1 Need for low-cost technologies
                    5.2.4.2 Capital-intensive and complex manufacturing process of carbon fibers
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 17 CFRTP MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF BUYERS
           5.3.2 BARGAINING POWER OF SUPPLIERS
           5.3.3 THREAT FROM NEW ENTRANTS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 3 CFRTP MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 SUPPLY CHAIN ANALYSIS 
          TABLE 4 CFRTP MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
                    FIGURE 18 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG)
                    TABLE 5 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG)
           5.5.2 AVERAGE SELLING PRICE, BY RESIN TYPE
                    FIGURE 19 AVERAGE SELLING PRICE BASED ON RESIN TYPE (USD/KG)
           5.5.3 AVERAGE SELLING PRICE, BY PRODUCT TYPE
                    FIGURE 20 AVERAGE SELLING PRICE BASED ON PRODUCT TYPE (USD/KG)
           5.5.4 AVERAGE SELLING PRICE TREND, BY REGION
                    TABLE 6 CFRTP MARKET: AVERAGE SELLING PRICE, BY REGION
    5.6 TRADE DATA ANALYSIS 
           5.6.1 EXPORT SCENARIO OF CARBON FIBER
                    FIGURE 21 EXPORT OF CARBON FIBER, BY KEY COUNTRY, 2022 (TON)
           5.6.2 IMPORT SCENARIO OF CARBON FIBER
                    FIGURE 22 IMPORT OF CARBON FIBER, BY KEY COUNTRY, 2022 (TON)
    5.7 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES
                    TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES
           5.7.2 BUYING CRITERIA
                    FIGURE 24 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES
                    TABLE 8 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES
    5.8 TECHNOLOGY ANALYSIS 
          TABLE 9 COMPARATIVE STUDY OF CFRTP PREPREG MANUFACTURING PROCESSES
    5.9 ECOSYSTEM MAP 
          FIGURE 25 ECOSYSTEM: CFRTP MARKET
    5.10 VALUE CHAIN ANALYSIS 
           FIGURE 26 VALUE CHAIN ANALYSIS: CFRTP MARKET
    5.11 CASE STUDY ANALYSIS 
    5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 
    5.13 TARIFF AND REGULATORY LANDSCAPE 
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 13 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 STANDARDS RELATED TO CFRTP MARKET
                     TABLE 14 CURRENT STANDARD CODES FOR AUTOMOTIVE COMPOSITES
                     TABLE 15 CURRENT STANDARD CODES FOR CONSTRUCTION COMPOSITES
    5.14 PATENT ANALYSIS 
           5.14.1 INTRODUCTION
           5.14.2 METHODOLOGY
           5.14.3 DOCUMENT TYPES
                     TABLE 16 CFRTP MARKET: GLOBAL PATENTS
                     FIGURE 27 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE
                     FIGURE 28 GLOBAL PATENT PUBLICATION TREND ANALYSIS IN LAST 10 YEARS
           5.14.4 INSIGHTS
           5.14.5 LEGAL STATUS
                     FIGURE 29 CFRTP MARKET: LEGAL STATUS OF PATENTS
           5.14.6 JURISDICTION ANALYSIS
                     FIGURE 30 GLOBAL JURISDICTION ANALYSIS
           5.14.7 TOP APPLICANTS
                     FIGURE 31 TOP PATENT APPLICANTS IN CFRTP MARKET
           5.14.8 PATENTS BY TORAY INDUSTRIES, INC.
           5.14.9 PATENTS BY MITSUBISHI RAYON CO., LTD.
                    5.14.10 PATENTS BY MITSUBISHI CHEMICAL CORPORATION
                    5.14.11 TOP TEN PATENT OWNERS (US) IN LAST 10 YEARS
    5.15 KEY CONFERENCES & EVENTS IN 2023–2024 
           TABLE 17 KEY CONFERENCES & EVENTS FOR CFRTP AND RELATED MARKETS, 2023–2024
 
6 CFRTP MARKET, BY RESIN TYPE (Page No. - 89)
    6.1 INTRODUCTION 
          FIGURE 32 PEEK TO DOMINATE MARKET DURING FORECAST PERIOD
          TABLE 18 CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
          TABLE 19 CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
          TABLE 20 CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
          TABLE 21 CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
    6.2 POLYAMIDE 
           6.2.1 HIGH THERMAL AND CHEMICAL RESISTANCE TO DRIVE MARKET
                    FIGURE 33 ASIA PACIFIC TO LEAD POLYAMIDE CFRTP MARKET DURING FORECAST PERIOD
           6.2.2 PA: CFRTP MARKET, BY REGION
                    TABLE 22 PA: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 23 PA: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 24 PA: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 25 PA: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    6.3 POLYETHER ETHER KETONE 
           6.3.1 COMPLEX SHAPES AND THERMAL STABILITY TO BOOST MARKET
                    FIGURE 34 NORTH AMERICA TO BE LARGEST REGION FOR PEEK MARKET DURING FORECAST PERIOD
           6.3.2 PEEK: CFRTP MARKET, BY REGION
                    TABLE 26 PEEK: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 27 PEEK: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 28 PEEK: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 29 PEEK: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    6.4 POLYPHENYLENE SULFIDE 
           6.4.1 OPERATIONAL STABILITY AND FLAME-RETARDANT PROPERTIES TO DRIVE MARKET
                    FIGURE 35 ASIA PACIFIC TO BE SECOND-LARGEST PPS MARKET DURING FORECAST PERIOD
           6.4.2 PPS: CFRTP MARKET, BY REGION
                    TABLE 30 PPS: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 31 PPS: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 32 PPS: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 33 PPS: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    6.5 POLYCARBONATE 
           6.5.1 STIFFNESS AND CHEMICAL RESISTANCE TO FUEL MARKET
                    FIGURE 36 ASIA PACIFIC TO RECORD HIGHEST CAGR IN PC CFRTP MARKET DURING FORECAST PERIOD
           6.5.2 PC: CFRTP MARKET, BY REGION
                    TABLE 34 PC: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 35 PC: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 36 PC: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 37 PC: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    6.6 POLYPROPYLENE 
           6.6.1 HIGH DEMAND FROM AUTOMOTIVE SECTOR TO DRIVE MARKET
                    FIGURE 37 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF PP CFRTP MARKET DURING FORECAST PERIOD
           6.6.2 PP: CFRTP MARKET, BY REGION
                    TABLE 38 PP: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 39 PP: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 40 PP: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 41 PP: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    6.7 OTHER RESIN TYPES 
           6.7.1 OTHER RESIN TYPES: CFRTP MARKET, BY REGION
                    TABLE 42 OTHER RESIN TYPES: CFRTP MARKET, 2018–2022 (USD MILLION)
                    TABLE 43 OTHER RESIN TYPES: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 44 OTHER RESIN TYPES: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 45 OTHER RESIN TYPES: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
 
7 CFRTP MARKET, BY PRODUCT TYPE (Page No. - 105)
    7.1 INTRODUCTION 
          FIGURE 38 CONTINUOUS CARBON FIBER SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
          TABLE 46 CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
          TABLE 47 CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
          TABLE 48 CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
          TABLE 49 CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
    7.2 CONTINUOUS CARBON FIBER 
           7.2.1 HIGH DEMAND FROM AEROSPACE & DEFENSE APPLICATION TO DRIVE MARKET
                    FIGURE 39 NORTH AMERICA TO BE LARGEST CFRTP MARKET DURING FORECAST PERIOD
           7.2.2 CONTINUOUS FIBER: CFRTP MARKET, BY REGION
                    TABLE 50 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 51 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 52 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 53 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    7.3 LONG CARBON FIBER 
           7.3.1 RISING DEMAND FROM AUTOMOTIVE AND SPORTING GOODS INDUSTRIES TO FUEL MARKET
                    FIGURE 40 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
           7.3.2 LONG FIBER: CFRTP MARKET, BY REGION
                    TABLE 54 LONG FIBER: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 55 LONG FIBER: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 56 LONG FIBER: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 57 LONG FIBER: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    7.4 SHORT CARBON FIBER 
           7.4.1 WIDE APPLICATION IN ELECTRONIC DEVICES TO DRIVE MARKET
                    FIGURE 41 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD
           7.4.2 SHORT FIBER: CFRTP MARKET, BY REGION
                    TABLE 58 SHORT FIBER: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 59 SHORT FIBER: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 60 SHORT FIBER: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 61 SHORT FIBER: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
 
8 CFRTP MARKET, BY APPLICATION (Page No. - 114)
    8.1 INTRODUCTION 
          FIGURE 42 AEROSPACE APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD
          TABLE 62 CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
          TABLE 63 CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
          TABLE 64 CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
          TABLE 65 CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    8.2 AEROSPACE & DEFENSE 
           8.2.1 ADVANCED DESIGN AND PROCESSING SOLUTIONS TO DRIVE MARKET
           8.2.2 INTERIOR COMPONENTS
                    8.2.2.1 Seats
                    8.2.2.2 Cabin
           8.2.3 EXTERIOR COMPONENTS
                    8.2.3.1 Fuselage
                    8.2.3.2 Wings
                    8.2.3.3 Tail boom
                    FIGURE 43 NORTH AMERICA TO LEAD AEROSPACE & DEFENSE CFRTP MARKET DURING FORECAST PERIOD
           8.2.4 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION
                    TABLE 66 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 67 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 68 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 69 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    8.3 AUTOMOTIVE 
           8.3.1 REDUCED WEIGHT AND IMPROVED FUEL ECONOMY TO DRIVE MARKET
           8.3.2 EXTERIOR COMPONENTS
                    8.3.2.1 Monocoque
                    8.3.2.2 Hood
                    8.3.2.3 Doors
           8.3.3 INTERIOR COMPONENTS
                    8.3.3.1 Seats
                    8.3.3.2 Dashboard
           8.3.4 CHASSIS
                    8.3.4.1 Wheels
                    8.3.4.2 Suspensions
           8.3.5 POWERTRAIN & UNDER HOOD
                    FIGURE 44 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
           8.3.6 AUTOMOTIVE: CFRTP MARKET, BY REGION
                    TABLE 70 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 71 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 72 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 73 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    8.4 CONSUMER ELECTRONICS 
           8.4.1 WEIGHT REDUCTION OF ELECTRONIC DEVICES TO FUEL MARKET
           8.4.2 LAPTOPS
           8.4.3 DIGITAL CAMERAS
           8.4.4 MOBILE HANDSETS
                    FIGURE 45 ASIA PACIFIC TO BE LARGEST MARKET FOR CONSUMER ELECTRONICS DURING FORECAST PERIOD
           8.4.5 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION
                    TABLE 74 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 75 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 76 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 77 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    8.5 TRANSPORTATION 
           8.5.1 CHEMICAL RESISTANCE AND RECYCLABILITY TO FUEL MARKET
                    FIGURE 46 ASIA PACIFIC TO RECORD HIGHEST CAGR IN TRANSPORTATION CFRTP MARKET DURING FORECAST PERIOD
           8.5.2 TRANSPORTATION: CFRTP MARKET, BY REGION
                    TABLE 78 TRANSPORTATION: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 79 TRANSPORTATION: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 80 TRANSPORTATION: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 81 TRANSPORTATION: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    8.6 OTHER APPLICATIONS 
           8.6.1 OTHER APPLICATIONS: CFRTP MARKET, BY REGION
                    TABLE 82 OTHER APPLICATIONS: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 83 OTHER APPLICATIONS: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 84 OTHER APPLICATIONS: CFRTP MARKET, 2023–2028 (USD MILLION)
                    TABLE 85 OTHER APPLICATIONS: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
 
9 CFRTP MARKET, BY REGION (Page No. - 131)
    9.1 INTRODUCTION 
          FIGURE 47 CHINA TO BE FASTEST-GROWING CFRTP MARKET DURING FORECAST PERIOD
           9.1.1 CFRTP MARKET, BY REGION
                    TABLE 86 CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 87 CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 88 CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 89 CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
    9.2 NORTH AMERICA 
           9.2.1 RECESSION IMPACT
                    FIGURE 48 NORTH AMERICA: CFRTP MARKET SNAPSHOT
           9.2.2 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE
                    TABLE 90 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 91 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 92 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
                    TABLE 93 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
           9.2.3 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE
                    TABLE 94 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
                    TABLE 95 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
                    TABLE 96 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                    TABLE 97 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
           9.2.4 NORTH AMERICA: CFRTP MARKET, BY APPLICATION
                    TABLE 98 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 99 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                    TABLE 100 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 101 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
           9.2.5 NORTH AMERICA: CFRTP MARKET, BY COUNTRY
                    TABLE 102 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 103 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 104 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 105 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    9.2.5.1 US
                               9.2.5.1.1 Presence of well-established automotive and aerospace & defense industries to drive market
                               9.2.5.1.2 US: CFRTP Market, By Application
                                              TABLE 106 US: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 107 US: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 108 US: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 109 US: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.2.5.2 Canada
                               9.2.5.2.1 Rising demand from aerospace and transportation industries to fuel market
                               9.2.5.2.2 Canada: CFRTP market, by application
                                              TABLE 110 CANADA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 111 CANADA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 112 CANADA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 113 CANADA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.3 EUROPE 
           9.3.1 RECESSION IMPACT
                    FIGURE 49 EUROPE: CFRTP MARKET SNAPSHOT
           9.3.2 EUROPE: CFRTP MARKET, BY RESIN TYPE
                    TABLE 114 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 115 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 116 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
                    TABLE 117 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
           9.3.3 EUROPE: CFRTP MARKET, BY PRODUCT TYPE
                    TABLE 118 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
                    TABLE 119 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
                    TABLE 120 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                    TABLE 121 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
                    TABLE 122 EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
           9.3.4 EUROPE: CFRTP MARKET, BY APPLICATION
                    TABLE 123 EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                    TABLE 124 EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 125 EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
           9.3.5 EUROPE: CFRTP MARKET, BY COUNTRY
                    TABLE 126 EUROPE: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 127 EUROPE: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 128 EUROPE: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 129 EUROPE: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    9.3.5.1 Germany
                               9.3.5.1.1 Growth of automotive and aerospace sectors to drive market
                               9.3.5.1.2 Germany: CFRTP market, by application
                                              TABLE 130 GERMANY: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 131 GERMANY: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 132 GERMANY: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 133 GERMANY: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.3.5.2 France
                               9.3.5.2.1 Presence of major aircraft manufacturers to boost market
                               9.3.5.2.2 France: CFRTP market, by application
                                              TABLE 134 FRANCE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 135 FRANCE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 136 FRANCE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 137 FRANCE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.3.5.3 UK
                               9.3.5.3.1 Increasing demand for lightweight and high-performance materials to drive market
                               9.3.5.3.2 UK: CFRTP market, by application
                                              TABLE 138 UK: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 139 UK: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 140 UK: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 141 UK: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.3.5.4 Spain
                               9.3.5.4.1 Rising demand for carbon composites from aerospace & defense application to fuel market
                               9.3.5.4.2 Spain: CFRTP market, by application
                                              TABLE 142 SPAIN: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 143 SPAIN: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 144 SPAIN: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 145 SPAIN: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.3.5.5 Italy
                               9.3.5.5.1 Diversified industrial base and good economic growth to drive market
                               9.3.5.5.2 Italy: CFRTP market, by application
                                              TABLE 146 ITALY: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 147 ITALY: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 148 ITALY: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 149 ITALY: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.3.5.6 Rest of Europe
                               9.3.5.6.1 Rest of Europe: CFRTP market, by application
                                              TABLE 150 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 151 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 152 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 153 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.4 ASIA PACIFIC 
           9.4.1 RECESSION IMPACT
                    FIGURE 50 ASIA PACIFIC: CFRTP MARKET SNAPSHOT
           9.4.2 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE
                    TABLE 154 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 155 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 156 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
                    TABLE 157 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
           9.4.3 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE
                    TABLE 158 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
                    TABLE 159 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
                    TABLE 160 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                    TABLE 161 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
           9.4.4 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION
                    TABLE 162 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 163 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                    TABLE 164 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 165 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
           9.4.5 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY
                    TABLE 166 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 167 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 168 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 169 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    9.4.5.1 China
                               9.4.5.1.1 Presence of major CFRTP manufacturers to fuel market
                               9.4.5.1.2 China: CFRTP market, by application
                                              TABLE 170 CHINA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 171 CHINA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 172 CHINA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 173 CHINA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.4.5.2 Japan
                               9.4.5.2.1 Large export of carbon fibers to drive market
                               9.4.5.2.2 Japan: CFRTP market, by application
                                              TABLE 174 JAPAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 175 JAPAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 176 JAPAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 177 JAPAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.4.5.3 South Korea
                               9.4.5.3.1 Growth of automotive and electronics companies to propel demand for CFRTP
                               9.4.5.3.2 South Korea: CFRTP market, by application
                                              TABLE 178 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 179 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 180 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 181 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.4.5.4 Taiwan
                               9.4.5.4.1 High demand from sports industry to drive market
                               9.4.5.4.2 Taiwan: CFRTP market, by application
                                              TABLE 182 TAIWAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 183 TAIWAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 184 TAIWAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 185 TAIWAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.4.5.5 Rest of Asia Pacific
                               9.4.5.5.1 Rest of Asia Pacific: CFRTP market, by application
                                              TABLE 186 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 187 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 188 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 189 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.5 MIDDLE EAST & AFRICA 
           9.5.1 RECESSION IMPACT
           9.5.2 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE
                    TABLE 190 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 191 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 192 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
                    TABLE 193 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
           9.5.3 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE
                    TABLE 194 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
                    TABLE 195 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
                    TABLE 196 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                    TABLE 197 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
           9.5.4 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION
                    TABLE 198 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 199 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                    TABLE 200 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 201 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
           9.5.5 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY
                    TABLE 202 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 203 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 204 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 205 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    9.5.5.1 Gulf Cooperation Council Countries
                               9.5.5.1.1 UAE
                                             9.5.5.1.1.1 Stringent energy-efficiency regulations to drive market
                               9.5.5.1.2 UAE: CFRTP market, by application
                                              TABLE 206 UAE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 207 UAE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 208 UAE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 209 UAE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                               9.5.5.1.3 Saudi Arabia
                                             9.5.5.1.3.1 Growing demand from oil & gas industrial applications to fuel market
                               9.5.5.1.4 Saudi Arabia: CFRTP market, by application
                                              TABLE 210 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 211 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 212 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 213 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                               9.5.5.1.5 Rest of GCC Countries
                                             9.5.5.1.5.1 Rest of GCC Countries: CFRTP market, by application
                                                               TABLE 214 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                               TABLE 215 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                                               TABLE 216 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                                               TABLE 217 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.5.5.2 South Africa
                               9.5.5.2.1 Growth of automotive and aerospace industries to drive market
                               9.5.5.2.2 South Africa: CFRTP market, by application
                                              TABLE 218 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 219 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 220 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 221 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.5.5.3 Rest of Middle East & Africa
                               9.5.5.3.1 Rest of Middle East & Africa: CFRTP market, by application
                                              TABLE 222 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 223 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 224 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 225 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.6 LATIN AMERICA 
           9.6.1 RECESSION IMPACT
           9.6.2 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE
                    TABLE 226 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 227 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 228 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
                    TABLE 229 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
           9.6.3 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE
                    TABLE 230 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
                    TABLE 231 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
                    TABLE 232 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
           9.6.4 LATIN AMERICA: CFRTP MARKET, BY APPLICATION
                    TABLE 233 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 234 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                    TABLE 235 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 236 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
           9.6.5 LATIN AMERICA: CFRTP MARKET, BY COUNTRY
                    TABLE 237 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 238 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                    TABLE 239 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 240 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                    9.6.5.1 Brazil
                               9.6.5.1.1 Growth of automotive industry to fuel demand for CFRTP
                               9.6.5.1.2 Brazil: CFRTP market, by application
                                              TABLE 241 BRAZIL: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 242 BRAZIL: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 243 BRAZIL: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 244 BRAZIL: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.6.5.2 Mexico
                               9.6.5.2.1 Export-oriented economy to drive market
                                              TABLE 245 MEXICO: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                               9.6.5.2.2 Mexico: CFRTP market, by application
                                              TABLE 246 MEXICO: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 247 MEXICO: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 248 MEXICO: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
                    9.6.5.3 Rest of Latin America
                               9.6.5.3.1 Rest of Latin America: CFRTP market, by application
                                              TABLE 249 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                              TABLE 250 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
                                              TABLE 251 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                              TABLE 252 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
 
10 COMPETITIVE LANDSCAPE (Page No. - 201)
     10.1 INTRODUCTION 
     10.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN 
             10.2.1 STRATEGIES ADOPTED BY CFRTP MANUFACTURERS
     10.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS 
             FIGURE 51 REVENUE ANALYSIS
     10.4 MARKET SHARE ANALYSIS 
             FIGURE 52 SHARES OF TOP COMPANIES IN CFRTP MARKET
             TABLE 253 DEGREE OF COMPETITION: CFRTP MARKET
     10.5 COMPANY EVALUATION MATRIX 
             10.5.1 STARS
             10.5.2 PERVASIVE PLAYERS
             10.5.3 EMERGING LEADERS
             10.5.4 PARTICIPANTS
                        FIGURE 53 CFRTP MARKET: COMPANY EVALUATION MATRIX, 2022
             10.5.5 COMPANY FOOTPRINT
                        TABLE 254 COMPANY PRODUCT FOOTPRINT
                        TABLE 255 COMPANY END-USE INDUSTRY FOOTPRINT
                        TABLE 256 PRODUCT TYPE FOOTPRINT
                        TABLE 257 COMPANY REGION FOOTPRINT
     10.6 START-UP/SME EVALUATION MATRIX 
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 RESPONSIVE COMPANIES
             10.6.3 DYNAMIC COMPANIES
             10.6.4 STARTING BLOCKS
                        FIGURE 54 CFRTP MARKET: START-UP/SME EVALUATION MATRIX, 2022
             10.6.5 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
                        TABLE 258 CFRTP MARKET: KEY START-UPS/SMES
                        TABLE 259 CFRTP MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     10.7 COMPETITIVE SCENARIO AND TRENDS 
             10.7.1 PRODUCT LAUNCHES
                        TABLE 260 CFRTP MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2023
                        TABLE 261 CFRTP MARKET: DEALS, 2018–2023
                        TABLE 262 CFRTP MARKET: OTHER DEVELOPMENTS, 2018–2023
 
11 COMPANY PROFILES (Page No. - 224)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     11.1 KEY COMPANIES 
             11.1.1 TORAY INDUSTRIES, INC.
                        TABLE 263 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW
                        FIGURE 55 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
                        TABLE 264 TORAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 265 TORAY INDUSTRIES, INC.: PRODUCT LAUNCHES
                        TABLE 266 TORAY INDUSTRIES, INC.: DEALS
                        TABLE 267 TORAY INDUSTRIES, INC.: OTHER DEVELOPMENTS
             11.1.2 TEIJIN LIMITED
                        TABLE 268 TEIJIN LIMITED: COMPANY OVERVIEW
                        FIGURE 56 TEIJIN LIMITED: COMPANY SNAPSHOT
                        TABLE 269 TEIJIN LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 270 TEIJIN LIMITED: DEALS
                        TABLE 271 TEIJIN LIMITED: OTHER DEVELOPMENTS
             11.1.3 MITSUBISHI CHEMICAL GROUP CORPORATION
                        TABLE 272 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY OVERVIEW
                        FIGURE 57 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY SNAPSHOT
                        TABLE 273 MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 274 MITSUBISHI CHEMICAL GROUP CORPORATION: DEALS
                        TABLE 275 MITSUBISHI CHEMICAL GROUP CORPORATION: OTHER DEVELOPMENTS
             11.1.4 SOLVAY
                        TABLE 276 SOLVAY: COMPANY OVERVIEW
                        FIGURE 58 SOLVAY: COMPANY SNAPSHOT
                        TABLE 277 SOLVAY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 278 SOLVAY: DEALS
                        TABLE 279 SOLVAY: OTHER DEVELOPMENTS
             11.1.5 SGL CARBON
                        TABLE 280 SGL CARBON: COMPANY OVERVIEW
                        FIGURE 59 SGL CARBON: COMPANY SNAPSHOT
                        TABLE 281 SGL CARBON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 282 SGL CARBON: DEALS
                        TABLE 283 SGL CARBON: OTHER DEVELOPMENTS
             11.1.6 AVIENT CORPORATION
                        TABLE 284 AVIENT CORPORATION: COMPANY OVERVIEW
                        FIGURE 60 AVIENT CORPORATION: COMPANY SNAPSHOT
                        TABLE 285 AVIENT CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 286 AVIENT CORPORATION: PRODUCT LAUNCHES
                        TABLE 287 AVIENT CORPORATION: OTHER DEVELOPMENTS
             11.1.7 CELANESE CORPORATION
                        TABLE 288 CELANESE CORPORATION: COMPANY OVERVIEW
                        FIGURE 61 CELANESE CORPORATION: COMPANY SNAPSHOT
                        TABLE 289 CELANESE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 290 CELANESE CORPORATION: DEALS
                        TABLE 291 CELANESE CORPORATION: OTHER DEVELOPMENTS
             11.1.8 ASAHI KASEI CORPORATION
                        TABLE 292 ASAHI KASEI CORPORATION: COMPANY OVERVIEW
                        FIGURE 62 ASAHI KASEI CORPORATION: COMPANY SNAPSHOT
                        TABLE 293 ASAHI KASEI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 294 ASAHI KASEI CORPORATION: DEALS
             11.1.9 RTP COMPANY
                        TABLE 295 RTP COMPANY: COMPANY OVERVIEW
                        TABLE 296 RTP COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.10 COMPLAM MATERIAL CO., LTD.
                        TABLE 297 COMPLAM MATERIAL CO., LTD.: COMPANY OVERVIEW
                        TABLE 298 COMPLAM MATERIAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.11 ENSINGER
                        TABLE 299 ENSINGER: COMPANY OVERVIEW
                        TABLE 300 ENSINGER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 301 ENSINGER: DEALS
             11.1.12 JIANGSU QIYI TECHNOLOGY CO., LTD.
                        TABLE 302 JIANGSU QIYI TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
                        TABLE 303 JIANGSU QIYI TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
     11.2 OTHER COMPANIES 
             11.2.1 QINGDAO CIMC COMPOSITES CO., LTD.
                        TABLE 304 QINGDAO CIMC COMPOSITES CO., LTD.: COMPANY OVERVIEW
             11.2.2 XIAMEN LFT COMPOSITE PLASTIC CO., LTD.
                        TABLE 305 XIAMEN LFT COMPOSITE PLASTIC CO., LTD.: COMPANY OVERVIEW
             11.2.3 OKUTANI LTD.
                        TABLE 306 OKUTANI LTD.: COMPANY OVERVIEW
             11.2.4 CTECH-LLC
                        TABLE 307 CTECH-LLC: COMPANY OVERVIEW
             11.2.5 FIBRTEC
                        TABLE 308 FIBRTEC: COMPANY OVERVIEW
             11.2.6 LINGOL CORPORATION
                        TABLE 309 LINGOL CORPORATION: COMPANY OVERVIEW
             11.2.7 SHANGHAI WANHOO CARBON FIBER INDUSTRY CO., LTD.
                        TABLE 310 SHANGHAI WANHOO CARBON FIBER INDUSTRY CO., LTD.: COMPANY OVERVIEW
             11.2.8 GPM COMPOSITE TECHNOLOGY (KUNSHAN) CO., LTD.
                        TABLE 311 GPM COMPOSITE TECHNOLOGY (KUNSHAN) CO., LTD.: COMPANY OVERVIEW
             11.2.9 HEBEI CHAOKE IMPORT & EXPORT CO., LTD.
                        TABLE 312 HEBEI CHAOKE IMPORT & EXPORT CO., LTD.: COMPANY OVERVIEW
             11.2.10 SUZHOU TOPO NEW MATERIAL CO., LTD.
                        TABLE 313 SUZHOU TOPO NEW MATERIAL CO., LTD.: COMPANY OVERVIEW
             11.2.11 HEBEI BENJINXIN INDUSTRIAL CO., LTD.
                        TABLE 314 HEBEI BENJINXIN INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
             11.2.12 JIANGSU AIMI TECH CO., LTD.
                        TABLE 315 JIANGSU AIMI TECH CO., LTD.: COMPANY OVERVIEW
             11.2.13 KINGFA SCI. & TECH. CO., LTD.
                        TABLE 316 KINGFA SCI. & TECH. CO., LTD.: COMPANY OVERVIEW
 
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
12 APPENDIX (Page No. - 277)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 

The study involves two major activities in estimating the current market size for the CFRTP market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering CFRTP products and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the CFRTP market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the CFRTP market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from CFRTP industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to resin type, product type, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using CFRTP products were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of CFRTP products and future outlook of their business which will affect the overall market.

The Breakup of Primary Research:

CFRTP Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The research methodology used to estimate the size of the CFRTP market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in CFRTP products in different applications at a regional level. Such procurements provide information on the demand aspects of the CFRTP industry for each application. For each application, all possible segments of the CFRTP market were integrated and mapped.

CFRTP Market Size: Botton Up Approach

CFRTP Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

CFRTP Market Size: Top-Down Approach

CFRTP Market Size, and Share

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

CFRTP is made with a combination of carbon fiber and thermoplastic resin, along with additives and pigments. CFRTP replaces conventional aluminum, steel, and other metallic alloys. It has reshaping and reforming flexibility properties. It is widely used in aerospace, automotive, consumer durables, and other industries. CFRTP uses polyamide, polyether ether ketone, polycarbonate, polypropylene, and other thermoplastic resins. It is lightweight, easy to construct, dimensionally stable, and resistant against chemicals and corrosion compared to traditional materials. These properties enhance the shelf life of CFRTP parts compared to steel and other metallic alloys.

Key Stakeholders

  • CFRTP Manufacturers
  • Raw Materials Suppliers
  • Distributors and Suppliers
  • End-use Industries
  • Industry Associations
  • R&D Institutions
  • Environment Support Agencies

Report Objectives

  • To define, describe, and forecast the carbon fiber reinforced thermoplastic (CFRTP) market size in terms of volume and value
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
  • To analyze and project the global CFRTP market by resin type, product type, application, and region
  • To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, and analyze the significant region-specific trends
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape
  • To strategically profile the key market players and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers following customizations for this market report:

  • Additional country-level analysis of the CFRTP market

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company's 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.

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Report Code
CH 4875
Published ON
Nov, 2023
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