CF & CFRP Market

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CF & CFRP Market by Source (Virgin, Recycled), Precursor (PAN, Pitch, Rayon), Resin (Thermosetting, Thermoplastic), Manufacturing Process, End-use Industry, and Region - Global Forecast to 2025

FREE BROCHURE FREE SAMPLE REPORT
Report Code: CH 2794 Sep, 2020, by marketsandmarkets.com

[231 Pages Report] The global CF & CFRP market size is projected to grow from USD 17.5 billion in 2020 to USD 31.5 billion by 2025, at a CAGR of 12.4% during the forecast period. The market is growing due to the superior performance properties of CF & CFRP and their ability to survive in harsh conditions.

CF & CFRP Market

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Impact of COVID-19 on global CF & CFRP market

COVID-19 has negatively affected the demand for CFRP composites in various end-use industries, including aerospace & defense, automotive, and wind energy. The disruption in the supply chain resulting in delays or non-arrival of raw materials disrupted financial flows, and growing absenteeism among production line workers have compelled composite component manufacturers to operate at partial capacities. The travel restriction has reduced air travel significantly, which has hit hard to aerospace and automotive industry by reducing new aircraft deliveries and automotive demand. Reduction aircrafts deliveries and automotive demand have reduced demand for CF & CFRP materials.

Market dynamics

Driver: High demand for composite materials for the aerospace industry

In the optimistic scenario, post-2021, when aerospace companies start operating at full capacities with no travel restrictions and interruption in the supply chain, the demand for composite materials from the aerospace & defense industry would surge. carbon fiber reinforced polymer composite materials are used extensively as sandwich structures in interior and exterior applications in the aerospace industry. The low weight and high tensile strength of CFRP composites increase fuel efficiency, reduce maintenance costs, and allow OEMs to comply with the stringent environmental regulations in Europe and North America. The newer advances aircrafts such as the Airbus A350 XWB, Boeing Dreamliner 787 consists of 50% weight of airframe made with composites materials.

Restraint: The decrease in the number of commercial aircraft deliveries

The decrease in the number of aircraft deliveries would directly have an impact on the CF & CFRP market. Since more than 80% of the consumption of composites material is in commercial aircraft, the decrease in demand for composite due to the reduced number of aircraft orders would negatively impact the market. For instance, the grounding of Boeing 737MAX resulting from accidents suffered by the Malaysian and Ethiopian Airlines recently resulted in the cancellation of its orders. In the first quarter of 2020, Airbus and Boeing delivered 122 and 50 commercial aircraft globally, which is 22% and 66% less as compared with the first quarter of 2019.

Opportunity: Reduction of cost of carbon fibers is an excellent opportunity in the CF & CFRP market

The main raw materials used for the production of carbon fiber composites are polymeric resins and carbon fibers. The cost of carbon fibers is directly proportional to the cost of precursor raw materials from which they are obtained. Carbon fibers are currently obtained from polyacrylonitrile (PAN), whose cost in aerospace applications is approximately USD 90 per kilogram. The development of low-cost and high-yield precursors for making aerospace grade carbon fibers would significantly reduce the cost of carbon fibers. These low-cost precursors for carbon fibers would bring down the cost of aerospace-grade carbon fibers. The reduction in the cost of carbon fibers would reduce the cost of carbon fiber CF & CFRP, thereby driving the market.

Challenge: Liquidity crunch due to slowdown in the aerospace industry is a major challenge

The CFRP composites industry is capital-intensive. Owing to the current pandemic, the largest end-users of carbon fiber reinforced polymer composite materials, such as commercial & business aircraft manufacturers, rotary aircraft manufacturers, helicopter manufacturers, wind blade manufacturers, and automotive component manufacturers, are at a standstill. Some OEMs have low liquidity with minimal operating cash flows. Furthermore, the massive drop in market capitalization has led to industry consolidation. Without revenue, OEMs and their suppliers are expected to face a liquidity crunch soon and run out of business. The biggest challenge for the aerospace industry would be to ensure undisrupted financial flow to avoid the liquidity crunch.

CF & CFRP Market Ecosystem

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In terms of volume, the PAN aircraft segment has the largest market share

PAN-based carbon fiber is a type of fiber produced by the carbonization of PAN precursor. Having high tensile strength and high elastic modulus, it is extensively used for structural material composites in aerospace & defense, automotive, and sporting goods industries. The COVID-19 outbreak has resulted in the disruption in the supply chain, resulting in reduced demand for PAN precursor based carbon fiber from the end-use industries.

Virgin carbon fiber accounted for the largest share in the global Carbon Fiber market in terms of value and volume.

Virgin carbon fiber accounted for a dominating share in the global carbon fiber market. Virgin carbon fiber is made from precursors such as PAN and pitch. These fibers find applications in various aerospace & defense, wind energy, sporting goods, and other industries. Virgin carbon fiber offers better thermal and mechanical properties than recycled carbon fiber. They are preferred over recycled carbon fiber in high performance applications.

These materials find applications in the structural components and interior components in various end-use industries. With the outbreak of COVID-19, there is a reduced demand for carbon fiber materials in the composite industry. This has forced the carbon fiber manufacturers to operate at partial or reduced capacities.

Thermosetting resin accounted for the largest share in the global CFRP market in terms of value and volume.

Thermosetting resins hold the largest share in the global CFRP market. This dominance is attributed to its unique properties, such as excellent resistance to solvents & corrosives, fatigue strength, tailored elasticity, excellent adhesion, and finishing. Also, thermosetting resins offer easier processing than thermoplastic resins as they are in a liquid form at room temperature, allowing convenient impregnation of the reinforcing fiber. The reduced demand for new commercial and business aircraft from the aviation industry due to the COVID-19 slowdown has resulted in a decline in the need for thermosetting CFRP materials.

The Lay-up process is expected to account for the largest share in the CF & CFRP market during the forecast period.

The lay-up process holds the largest st share, in terms of value, in 2019. This large share is attributed to the developed aerospace & defense industry and recovery of the marine industry at the global level. The lay-up process includes hand lay-up and spray-up, which are used widely for carbon fiber composite components manufacturing for aerospace & defense and marine industries for a wide range of products.

The market for the lay-up process is expected to decline in 2020 due to the COVID-19 pandemic. This decline in the market is attributed to decreased demand for composites for manufacturing structural components of aircraft as OEMs, such as Boeing, Airbus, and Embraer, are expected to reduce aircraft manufacturing in 2020.

Europe is expected to account for the largest share in the CFRP market during the forecast period.

Europe accounted for the largest market share in the CFRP market due to high demand from aerospace & defense and wind energy end-use industries. Moreover, it is home to many key aerospace composite manufacturers, such as SGL Carbon, Solvay, and TenCate. Increased deliveries of Airbus aircraft primarily drives the composites material demand in Europe. Apart from this, the region develops military aircraft and helicopters.  The Europen region is a leader in offshore wind energy installations. The European region is one of the worst affected by the COVID-19, resulting in decreased industrial and economic activities across all major countries such as Germany, France, the UK, Italy, and France.

CF & CFRP Market by Region

Europe held the largest share in the global CF & CFRP market in terms of value.

Europe accounted for the largest share in the global CF & CFRP market, in terms of value, due to high demand from aerospace and defense, wind energy, and automotive industries present in the region. Countries such as France, Germany, and the UK are major aircraft component manufacturers. In 2019, Europe accounted for more than 50% of commercial aircraft production worldwide, and the European region led in the offshore wind energy installations in 2019.  However, due to the outbreak of COVID-19, the European industrial sector is severely affected. This is expected to reduce the demand for CF & CFRP until the production facilities of aircraft, automotive, and wind blade component manufacturing start operating at full capacities.

Key Market Players

Toray Industries, Inc. (Japan), Mitsubishi Chemical Holdings (Japan), Hexcel Corporation (US), Teijin Limited (Japan), SGL Group (Germany), Solvay (Belgium), and Hyosung (South Korea) are some of the key players of the CF & CFRP market. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the industry. The study includes an in-depth competitive analysis of these companies in the CF & CFRP market, with their company profiles, recent developments, and key market strategies.

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Scope of the Report

Report Metric

Details

Years considered for the study

2018–2025

Base year

2019

Forecast period

2020–2025

Units considered

Value (USD Million), Volume (Ton)

Segments

Source, Precursor Type, Resin Type, Manufacturing Process, End-Use Industry, and Region

Regions

Europe, North America, APAC, MEA, and Latin America

Companies

Toray Industries, Inc. (Japan), Mitsubishi Chemical Holdings (Japan), Hexcel Corporation (US), Teijin Limited (Japan), SGL Group (Germany), Solvay (Belgium), and Hyosung (South Korea).

This research report categorizes the CF & CFRP market based on source, precursor type, resin type, manufacturing process, end-use industry, and region.

By Source:

  • Virgin
  • Recycled

By Precursor Type:

  • PAN
  • Pitch
  • Rayon

By Resin:

  • Thermosetting
  • Thermoplastic

By Manufacturing Process:

  • Lay-up
  • Resin Transfer Molding
  • Filament Winding
  • Compression Molding
  • Injection Molding
  • Pultrusion
  • Others

By End-use Industry:

  • Aerospace & Defense
  • Wind Energy
  • Automotive
  • Sporting Goods
  • Civil Engineering
  • Pipe & Tank
  • Marine
  • Electrical & Electronics
  • Medical
  • Others

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Recent Developments

  • In December 2019, Solvay and SGL Carbon entered into a joint development agreement (JDA) to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials address the need to reduce costs and CO2 emissions and improve the production process and fuel efficiency of next-generation commercial aircraft.
  • In January 2019, Teijin Limited entered into an agreement with Boeing for the supply of unidirectional pre-impregnated tape (TENAX TPUD). This helped the company in its medium-term growth in the aircraft business.
  • In February 2019, Teijin Limited acquired Renegade Materials Corporation, a supplier of highly heat-resistant thermoset prepreg for the aerospace industry in North America. This helped the company to solidify its position as a leading provider of solutions for aerospace applications.

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Frequently Asked Questions (FAQ):

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
        FIGURE 1 CF & CFRP MARKET SEGMENTATION
        FIGURE 2 REGIONS COVERED
           1.3.1 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA
        FIGURE 3 CF & CFRP MARKET: RESEARCH DESIGN
           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 primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 SUPPLY-SIDE ANALYSIS
                 FIGURE 4 MARKET NUMBER ESTIMATION
                 FIGURE 5 CARBON FIBER PRODUCTION CAPACITY
           2.2.2 DEMAND-SIDE ANALYSIS
                 FIGURE 6 AEROSPACE & DEFENSE CFRP MARKET ESTIMATION
           2.2.3 SEGMENT ANALYSIS
           2.2.4 FORECAST
    2.3 DATA TRIANGULATION
        FIGURE 7 CF & CFRP MARKET: DATA TRIANGULATION
    2.4 ASSUMPTIONS
    2.5 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 41)
  FIGURE 8 PITCH PRECURSOR ACCOUNTED FOR LARGEST SHARE
  FIGURE 9 VIRGIN CARBON FIBER ACCOUNTED FOR LARGER SHARE
  FIGURE 10 THERMOSETTING RESIN ACCOUNTED FOR LARGER SHARE
  FIGURE 11 LAY-UP MANUFACTURING PROCESS IS MOST DOMINANT SEGMENT IN OVERALL MARKET
  FIGURE 12 AEROSPACE & DEFENSE EXPECTED TO DOMINATE CFRP MARKET DURING THE FORECAST PERIOD
  FIGURE 13 APAC TO BE FASTEST-GROWING CFRP MARKET BETWEEN 2020 AND 2025

4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE CF & CFRP MARKET
        FIGURE 14 HIGH DEMAND FROM AEROSPACE & DEFENCE AND WIND ENERGY TO DRIVE THE MARKET
    4.2 CFRP MARKET, BY END-USE INDUSTRY AND REGION, 2019
        FIGURE 15 APAC ACCOUNTED FOR THE LARGEST SHARE OF THE GLOBAL MARKET
    4.3 CARBON FIBER MARKET, BY SOURCE
        FIGURE 16 RECYCLED CARBON FIBER LEADS THE DEMAND
    4.4 CARBON FIBER MARKET, BY PRECURSOR TYPE
        FIGURE 17 PAN PRECURSOR DOMINATES THE OVERALL MARKET
    4.5 CFRP MARKET, BY RESIN TYPE
        FIGURE 18 THERMOSETTING RESIN ACCOUNT FOR LARGER SHARE OF THE MARKET
    4.6 CARBON FIBER REINFORCED POLYMER MARKET, BY MANUFACTURING PROCESS
        FIGURE 19 PULTRUSIONS PROCESS ACCOUNTED FOR THE LARGEST SHARE
    4.7 CFRP MARKET, BY END-USE INDUSTRY
        FIGURE 20 WIND ENERGY ACCOUNTED FOR LARGEST CONSUMPTION OF CFRP
    4.8 CARBON FIBER REINFORCED POLYMER MARKET, BY KEY COUNTRIES
        FIGURE 21 CHINA TO REGISTER THE HIGHEST CAGR

5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 22 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CF & CFRP MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Government stimulus packages for aerospace and other industries for COVID-19 crisis
                    5.2.1.2 Increase in demand for fuel-efficient vehicles
                    5.2.1.3 Increasing demand from wind energy industry
           5.2.2 RESTRAINTS
                    5.2.2.1 Decrease in number of commercial aircraft deliveries
                    5.2.2.2 Disruption in supply chain and lower production capacity utilization due to COVID-19 pandemic
                    5.2.2.3 High cost of carbon fiber
                            TABLE 1 COST STRUCTURE WITH CURRENT TECHNOLOGY
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Reduction in the cost of carbon fiber
                    5.2.3.2 Potential opportunities in new applications
                    5.2.3.3 Growing demand from emerging markets
           5.2.4 CHALLENGES
                    5.2.4.1 Maintaining uninterrupted supply chain and operating at full capacity
                    5.2.4.2 Liquidity crunch
                    5.2.4.3 Development of technology to reduce cycle time
    5.3 PORTER’S FIVE FORCES ANALYSIS
        FIGURE 23 CF & CFRP COMPOSITES MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 VALUE CHAIN ANALYSIS
        FIGURE 24 VALUE CHAIN ANALYSIS: MAXIMUM VALUE IS ADDED DURING CFRP COMPOSITES DESIGN & PROCESSING PHASE
    5.5 VALUE CHAIN ANALYSIS AND IMPACT OF COVID-19
           5.5.1 RAW MATERIALS
           5.5.2 INTERMEDIATES
           5.5.3 MOLDER
           5.5.4 OEM/ASSEMBLY
    5.6 PRICING ANALYSIS
    5.7 MANUAFTURING PROCESS ANALYSIS
    5.8 PATENT ANALYSIS
           5.8.1 METHODOLOGY
           5.8.2 DOCUMENT TYPE
                 FIGURE 25 PUBLICATION TRENDS – FROM 2011 TO 2019
           5.8.3 INSIGHT
                 FIGURE 26 JURISDICTION ANALYSIS
           5.8.4 TOP APPLICANTS OF CFRP
                 FIGURE 27 TOP APPLICANTS OF CFRP
    5.9 PESTEL ANALYSIS
           5.9.1 POLITICAL
           5.9.2 ECONOMICAL
           5.9.3 SOCIAL
           5.9.4 TECHNOLOGICAL
           5.9.5 ENVIRONMENTAL
           5.9.6 LEGAL
    5.10 CASE STUDY

6 MACROECONOMIC OVERVIEW AND KEY TRENDS (Page No. - 68)
    6.1 INTRODUCTION
    6.2 TRENDS AND FORECAST OF GDP
        TABLE 2 ANNUAL PERCENTAGE CHANGE OF GDP, BY REGION, APRIL 2020
    6.3 IMPACT OF COVID-19 ON AEROSPACE INDUSTRY
        TABLE 3 NUMBER OF AIRPLANE DELIVERIES, BY MANUFACTURERS, 2019
           6.3.1 SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS
           6.3.2 NEW OPPORTUNITIES
    6.4 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY
           6.4.1 SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS
           6.4.2 IMPACT ON ELECTRIC VEHICLE (EV) DEMAND DUE TO LOWER OIL PRICES
           6.4.3 NEW OPPORTUNITIES
    6.5 IMPACT OF COVID-19 ON WIND ENERGY INDUSTRY
           6.5.1 SHORT-TERM STRATEGIES TO MANAGE COST STRUCTURE AND SUPPLY CHAINS
           6.5.2 NEW OPPORTUNITIES

7 CARBON FIBER MARKET, BY SOURCE (Page No. - 73)
    7.1 INTRODUCTION
        FIGURE 28 VIRGIN CARBON FIBER SEGMENT DOMINATES OVERALL CARBON FIBER MARKET
        TABLE 4 CARBON FIBER MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
        TABLE 5 CARBON FIBER MARKET SIZE, BY SOURCE, 2018–2025 (KILOTON)
    7.2 VIRGIN CARBON FIBER
           7.2.1 VIRGIN CARBON OFFERS BETTER THERMAL AND MECHANICAL PROPERTIES THAN RECYCLED CARBON FIBER
                 TABLE 6 VIRGIN CARBON FIBER MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 7 VIRGIN CARBON FIBER MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
    7.3 RECYCLED CARBON FIBER
           7.3.1 EUROPE LEADS THE DEMAND FOR RECYCLED CARBON FIBER
                 TABLE 8 RECYCLED CARBON FIBER MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 9 RECYCLED CARBON FIBER MARKET SIZE, BY REGION, 2018–2025 (KILOTON)

8 CARBON FIBER MARKET, BY PRECURSOR TYPE (Page No. - 77)
    8.1 INTRODUCTION
        FIGURE 29 PAN PRECURSOR SEGMENT DOMINATES THE CF & CFRP MARKET
        TABLE 10 CF MARKET SIZE, BY PRECURSOR TYPE, 2018–2025 (USD MILLION)
        TABLE 11 CF MARKET SIZE, BY PRECURSOR TYPE, 2018–2025 (KILOTON)
    8.2 POLYACRYLONITRILE (PAN-BASED) CARBON FIBERS
           8.2.1 PAN-BASED CARBON FIBER, BY TOW SIZE
                    8.2.1.1 Small-tow (<24K)
                               8.2.1.1.1 Small-tow carbon fiber finds major applications in aerospace industry
                    8.2.1.2 Large-tow (>24K)
                               8.2.1.2.1 Wind energy is major application of large-tow carbon fiber
                                         TABLE 12 PAN-BASED CF MARKET SIZE, BY TOW SIZE, 2018-2025 (USD MILLION)
                                         TABLE 13 PAN-BASED CARBON FIBER MARKET SIZE, BY TOW SIZE, 2018-2025 (KILOTON)
    8.3 PITCH-BASED CARBON FIBER
        TABLE 14 PITCH-BASED CARBON FIBER MARKET SIZE, BY TOW SIZE, 2018-2025 (USD MILLION)
        TABLE 15 PITCH-BASED CF MARKET SIZE, BY TOW SIZE, 2018-2025 (KILOTON)
    8.4 RAYON-BASED CARBON FIBER

9 CFRP MARKET, BY RESIN TYPE (Page No. - 82)
    9.1 INTRODUCTION
        FIGURE 30 THERMOSETTING CFRP EXPECTED TO DOMINATE CFRP MARKET, 2018- 2025
        TABLE 16 CFRP MARKET SIZE, BY RESIN TYPE, 2018–2025 (USD MILLION)
        TABLE 17 CFRP MARKET SIZE, BY RESIN TYPE, 2018–2025 (KILOTON)
    9.2 IMPACT OF COVID-19 ON RESIN TYPE
    9.3 THERMOSETTING CFRP
        TABLE 18 THERMOSETTING CFRP MARKET SIZE, BY RESIN TYPE, 2018–2025 (USD MILLION)
        TABLE 19 THERMOSETTING CFRP MARKET SIZE, BY RESIN TYPE, 2018–2025 (KILOTON)
           9.3.1 EPOXY
                    9.3.1.1 Epoxy resin is preferred in high-end applications
           9.3.2 VINYL ESTER
                    9.3.2.1 Vinyl ester resin fin applications in transportation, marine, and pipe & tank industries
           9.3.3 POLYESTER
                    9.3.3.1 Polyester is cost-competitive resin
           9.3.4 OTHERS
                 FIGURE 31 EUROPE EXPECTED TO DOMINATE THERMOSETTING CFRP MARKET, 2018–2025
                 TABLE 20 THERMOSETTING CFRP MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 21 THERMOSETTING CFRP MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
    9.4 THERMOPLASTIC CFRP
        TABLE 22 THERMOPLASTIC CFRP MARKET SIZE, BY RESIN TYPE, 2018–2025 (USD MILLION)
        TABLE 23 THERMOPLASTIC CFRP MARKET SIZE, BY RESIN TYPE, 2018–2025 (KILOTON)
           9.4.1 POLYETHERETHEREKETON (PEEK)
                    9.4.1.1 PEEK finds extensive use in aerospace & defense applications
           9.4.2 POLYAMIDE (PA)
                    9.4.2.1 Resistance to wear, heat, and chemicals supporting growth of polyamide segment
           9.4.3 POLYPROPYLENE (PP)
                    9.4.3.1 Polypropylene-based thermoplastic composites have huge demand in automotive applications
           9.4.4 OTHERS
                 TABLE 24 THERMOPLASTIC CFRP MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                 TABLE 25 THERMOPLASTIC CFRP MARKET SIZE, BY REGION, 2018–2025 (KILOTON)

10 CFRP MARKET, BY MANUFACTURING PROCESS (Page No. - 90)
     10.1 INTRODUCTION
          FIGURE 32 LAY-UP MANUFACTURING PROCESS EXPECTED TO DOMINATE OVERALL CFRP MARKET, 2020–2025
          TABLE 26 CFRP MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
          TABLE 27 CFRP MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
     10.2 COVID-19 IMPACT ON MANUFACTURING PROCESSES
     10.3 LAY-UP PROCESS
             10.3.1 AEROSPACE & DEFENSE END-USE INDUSTRY DRIVES THE CFRP MARKET IN LAY-UP PROCESS
                    FIGURE 33 NORTH AMERICA EXPECTED TO DOMINATE MARKET FOR LAY-UP PROCESS SEGMENT, 2018–2025
                    TABLE 28 LAY-UP PROCESS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 29 LAY-UP PROCESS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
     10.4 COMPRESSION MOLDING PROCESS
             10.4.1 COMPRESSION MOLDING PROCESS ENABLES SHORT CYCLE TIME AND A HIGH PRODUCTION RATE
                    TABLE 30 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 31 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
     10.5 RESIN TRANSFER MOLDING (RTM) PROCESS
             10.5.1 RTM PROCESS USED FOR COMPLEX AND THREE DIMENSIONAL COMPONENTS
                    TABLE 32 RTM PROCESS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 33 RTM PROCESS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
     10.6 FILAMENT WINDING PROCESS
             10.6.1 PIPE & TANK END-USE INDUSTRY DRIVES THE CFRP MARKET IN FILAMENT WINDING PROCESS
                    TABLE 34 FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 35 FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
     10.7 INJECTION MOLDING PROCESS
             10.7.1 AUTOMOTIVE AND ELECTRICAL & ELECTRONICS END-USE INDUSTRIES DRIVES THE CFRP MARKET IN INJECTION MOLDING PROCESS
                    TABLE 36 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 37 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
     10.8 PULTRUSION PROCESS
             10.8.1 WIND ENERGY END-USE INDUSTRY IS LARGEST CONSUMER OF CFRP PULTRUDED COMPONENTS
                    TABLE 38 PULTRUSION PROCESS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 39 PULTRUSION PROCESS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
     10.9 OTHER PROCESSES
          TABLE 40 OTHER PROCESSES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
          TABLE 41 OTHER PROCESSES MARKET SIZE, BY REGION, 2018–2025 (KILOTON)

11 CFRP MARKET, BY END-USE INDUSTRY (Page No. - 100)
     11.1 INTRODUCTION
          FIGURE 34 AEROSPACE & DEFENSE INDUSTRY TO LEAD CONSUMPTION OF CFRP IN 2019
          TABLE 42 CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 43 CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
     11.2 AEROSPACE & DEFENSE
             11.2.1 INTERIOR PARTS
                        11.2.1.1 Phenolic and thermoplastic composites mainly used in aircraft interior structures
             11.2.2 EXTERIOR PARTS
                        11.2.2.1 Fuselage, wings, rotor blades, tail boom, and radomes are major exterior parts
                                 FIGURE 35 NORTH AMERICA EXPECTED TO DOMINATE CFRP MARKET IN AEROSPACE & DEFENSE, 2020 VS. 2025
                                 TABLE 44 DEMAND FOR AIRPLANES, BY REGION, 2019–2038
                                 TABLE 45 CFRP MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2018–2025 (USD MILLION)
                                 TABLE 46 CARBON FIBER REINFORCED POLYMER MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2018–2025 (KILOTON)
                                 TABLE 47 CFRP USED IN MAJOR AIRCRAFT, BY VOLUME, 1981–2019
     11.3 WIND ENERGY
             11.3.1 WIND BLADES
                        11.3.1.1 Carbon fiber widely used for making spar caps
                                 TABLE 48 CFRP MARKET SIZE IN WIND ENERGY, BY REGION, 2018–2025 (USD MILLION)
                                 TABLE 49 CARBON FIBER REINFORCED POLYMER MARKET SIZE IN WIND ENERGY, BY REGION, 2018–2025 (KILOTON)
                                 TABLE 50 WIND ENERGY INSTALLATIONS, 2019
     11.4 AUTOMOTIVE
             11.4.1 INTERIOR PARTS
                        11.4.1.1 Seat backs, headliners, package trays, and dashboards are major automotive interior parts
             11.4.2 EXTERIOR PARTS
                        11.4.2.1 Exterior parts are major applications in automotive industry
                                 TABLE 51 CFRP MARKET SIZE IN AUTOMOTIVE, BY REGION, 2018–2025 (USD MILLION)
                                 TABLE 52 CARBON FIBER REINFORCED POLYMER MARKET SIZE IN AUTOMOTIVE, BY REGION, 2018–2025 (KILOTON)
     11.5 SPORTING GOODS
             11.5.1 APAC LEADS THE DEMAND IN SPORTING GOODS INDUSTRY
                    TABLE 53 CFRP MARKET SIZE IN SPORTING GOODS, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 54 CARBON FIBER REINFORCED POLYMER MARKET SIZE IN SPORTING GOODS, BY REGION, 2018–2025 (KILOTON)
     11.6 CIVIL ENGINEERING
             11.6.1 RESTORATIONS OF OLD STRUCTURES DRIVING THE USE OF CARBON FIBER
                    TABLE 55 CFRP MARKET SIZE IN CIVIL ENGINEERING, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 56 CARBON FIBER REINFORCED POLYMER MARKET SIZE IN CIVIL ENGINEERING, BY REGION, 2018–2025 (KILOTON)
     11.7 PIPE & TANK
             11.7.1 INCREASE IN DEMAND FOR TYPE IV CYLINDERS DRIVING THE CFRP MARKET
                    TABLE 57 CFRP MARKET SIZE IN PIPES & TANKS, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 58 CARBON FIBER REINFORCED POLYMER MARKET SIZE IN PIPES & TANKS, BY REGION, 2018–2025 (KILOTON)
                    TABLE 59 CNG, RNG, HYDROGEN TANK PRODUCED IN 2019
     11.8 MARINE
          TABLE 60 CFRP MARKET SIZE IN MARINE, BY REGION, 2015–2022 (USD MILLION)
          TABLE 61 CARBON FIBER REINFORCED POLYMER MARKET SIZE IN MARINE, BY REGION, 2018–2025 (KILOTON)
     11.9 ELECTRICAL & ELECTRONICS
             11.9.1 APAC LEADS DEMAND IN ELECTRICAL & ELECTRONICS SEGMENT
                    TABLE 62 CFRP MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 63 CARBON FIBER REINFORCED POLYMER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2018-2025 (KILOTON)
     11.10 MEDICAL
             11.10.1 COVID-19 PANDEMIC HAS INCREASED DEMAND FOR CFRP MATERIALS IN MEDICAL INDUSTRY
                    TABLE 64 CFRP MARKET SIZE IN MEDICAL, BY REGION, 2018–2025 (USD MILLION)
                    TABLE 65 CARBON FIBER REINFORCED POLYMER MARKET SIZE IN MEDICAL, BY REGION, 2018–2025 (KILOTON)
     11.11 OTHER END-USE INDUSTRIES
           TABLE 66 CFRP MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2025 (USD MILLION)
           TABLE 67 CARBON FIBER REINFORCED POLYMER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2025 (KILOTON)

12 CFRP MARKET, BY REGION (Page No. - 118)
     12.1 INTRODUCTION
          FIGURE 36 TAIWAN PROJECTED TO REGISTER HIGHEST GROWTH IN CFRP MARKET, 2020–2025, IN TERMS OF VALUE
          TABLE 68 CFRP MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
          TABLE 69 CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
     12.2 NORTH AMERICA
          FIGURE 37 NORTH AMERICA CFRP MARKET SNAPSHOT: US IS FASTEST-GROWING MARKET
          TABLE 70 NORTH AMERICA: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 71 NORTH AMERICA: MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
          TABLE 72 NORTH AMERICA: MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
          TABLE 73 NORTH AMERICA: MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
          TABLE 74 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 75 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
          TABLE 76 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 77 NORTH AMERICA: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
             12.2.1 CANADA
                        12.2.1.1 Canada has fifth-largest aerospace industry
                                 TABLE 78 CANADA: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 79 CANADA: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.2.2 US
                        12.2.2.1 US is largest consumer of CFRP materials in North America
                                 TABLE 80 US: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 81 US: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
     12.3 EUROPE
          FIGURE 38 EUROPE CFRP MARKET SNAPSHOT: GERMANY IS FASTEST-GROWING MARKET
          TABLE 82 EUROPE: MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 83 EUROPE: MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
          TABLE 84 EUROPE: MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
          TABLE 85 EUROPE: MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
          TABLE 86 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 87 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
          TABLE 88 EUROPE: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 89 EUROPE: MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
             12.3.1 GERMANY
                        12.3.1.1 Germany leads the CFRP demand in Europe
                                 TABLE 90 GERMANY: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 91 GERMANY: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.3.2 FRANCE
                        12.3.2.1 France has largest aerospace & defense industry in Europe
                                 TABLE 92 FRANCE: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 93 FRANCE: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.3.3 UK
                        12.3.3.1 Automotive & wind energy drives the CFRP market
                                 TABLE 94 UK: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 95 UK: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.3.4 SPAIN
                        12.3.4.1 Aerospace & defense industry holds largest share of CFRP market in Spain
                                 TABLE 96 SPAIN: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 97 SPAIN: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.3.5 ITALY
                        12.3.5.1 Pipe & tank segment is fastest-growing consumer of CFRP in Italy
                                 TABLE 98 ITALY: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 99 ITALY: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.3.6 RUSSIA
                        12.3.6.1 Defense sector drives CFRP market in Russia
                                 TABLE 100 RUSSIA: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 101 RUSSIA: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
     12.4 APAC
          FIGURE 39 CHINA IS LARGEST MARKET OF CFRP IN APAC, 2020–2025
          TABLE 102 APAC: CFRP MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 103 APAC: MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
          TABLE 104 APAC: MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
          TABLE 105 APAC: MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
          TABLE 106 APAC: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 107 APAC: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
          TABLE 108 APAC: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 109 APAC: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
             12.4.1 CHINA
                        12.4.1.1 China is the largest CFRP market in APAC
                                 TABLE 110 CHINA: NEW WIND ENERGY INSTALLATIONS, 2010–2019 (MW)
                                 TABLE 111 CHINA: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 112 CHINA: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.4.2 JAPAN
                        12.4.2.1 Japan is largest exporter of carbon fiber
                                 TABLE 113 JAPAN: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 114 JAPAN: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.4.3 SOUTH KOREA
                        12.4.3.1 Hyosung is major carbon fiber manufacturers in South Korea
                                 TABLE 115 SOUTH KOREA: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 116 SOUTH KOREA: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.4.4 TAIWAN
                        12.4.4.1 Taiwan is largest CFRP bicycle manufacturer
                                 TABLE 117 TAIWAN: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 118 TAIWAN: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
     12.5 LATIN AMERICA
          TABLE 119 LATIN AMERICA: CFRP MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 120 LATIN AMERICA: MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
          TABLE 121 LATIN AMERICA: MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
          TABLE 122 LATIN AMERICA: MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
          TABLE 123 LATIN AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 124 LATIN AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
          TABLE 125 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 126 LATIN AMERICA: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
             12.5.1 BRAZIL
                        12.5.1.1 Growing aerospace industry fueling CFRP market
                                 TABLE 127 BRAZIL: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 128 BRAZIL: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.5.2 MEXICO
                        12.5.2.1 Automotive and wind energy are prominent consumers of CFRP in Mexico
                                 TABLE 129 MEXICO: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 130 MEXICO: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
     12.6 MEA (MIDDLE EAST & AFRICA)
          TABLE 131 MEA: CFRP MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 132 MEA: MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
          TABLE 133 MEA: MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
          TABLE 134 MEA: MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
          TABLE 135 MEA: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
          TABLE 136 MEA: MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
          TABLE 137 MEA: MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 138 MEA: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
             12.6.1 UAE
                        12.6.1.1 Automotive and aerospace & defense industries lead the demand for CFRP
                                 TABLE 139 UAE: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 140 UAE: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.6.2 SAUDI ARABIA
                        12.6.2.1 Pipe & tank is promising end user for CFRP materials
                                 TABLE 141 SAUDI ARABIA: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 142 SAUDI ARABIA: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
             12.6.3 SOUTH AFRICA
                        12.6.3.1 South Africa is the largest market for CFRP in Africa
                                 TABLE 143 SOUTH AFRICA: CFRP MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
                                 TABLE 144 SOUTH AFRICA: CARBON FIBER REINFORCED POLYMER MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)

13 COMPETITIVE LANDSCAPE (Page No. - 164)
     13.1 INTRODUCTION
          FIGURE 40 EXPANSION AND ACQUISITION ARE KEY GROWTH STRATEGIES ADOPTED BETWEEN 2016 AND 2020
     13.2 MARKET SHARE ANALYSIS
          FIGURE 41 TORAY INDUSTRIES LEAD THE CFRP MARKET IN 2019
     13.3 MARKET EVALUATION FRAMEWORK
             13.3.1 EXPANSION
                    TABLE 145 EXPANSION, 2016-2020
             13.3.2 AGREEMENT
                    TABLE 146 AGREEMENT, 2016-2020
             13.3.3 ACQUISITION
                    TABLE 147 ACQUISITION, 2016-2020
             13.3.4 PRODUCT LAUNCH/TECHNOLOGY LAUNCH
                    TABLE 148 PRODUCT LAUNCH/TECHNOLOGY LAUNCH, 2016-2020
             13.3.5 PARTNERSHIP
                    TABLE 149 PARTNERSHIP, 2016-2020
             13.3.6 JOINT VENTURE
                    TABLE 150 JOINT VENTURE, 2016-2020
             13.3.7 COLLABORATION
                    TABLE 151 COLLABORATION, 2016-2020
     13.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2019
          TABLE 152 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2019
     13.5 COMPANY EVALUATION MATRIX
             13.5.1 STAR
             13.5.2 PERVASIVE
             13.5.3 PARTICIPANT
             13.5.4 EMERGING LEADERS
                    FIGURE 42 CF & CFRP MARKET: COMPETITIVE LEADERSHIP MAPPING
     13.6 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 43 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CF & CFRP MARKET
     13.7 BUSINESS STRATEGY EXCELLENCE
          FIGURE 44 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN CF & CFRP MARKET

14 COMPANY PROFILES (Page No. - 181)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 TORAY INDUSTRIES INC.
          FIGURE 45 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
          FIGURE 46 TORAY INDUSTRIES, INC.: SWOT ANALYSIS
     14.2 TEIJIN LIMITED
          FIGURE 47 TEIJIN LIMITED: COMPANY SNAPSHOT
          FIGURE 48 TEIJIN LIMITED: SWOT ANALYSIS
     14.3 MITSUBISHI CHEMICAL HOLDINGS CORPORATION
          FIGURE 49 MITSUBISHI CHEMICALS HOLDINGS CORPORATION: COMPANY SNAPSHOT
          FIGURE 50 MITSUBISHI CHEMICAL HOLDING CORPORATION: SWOT ANALYSIS
     14.4 HEXCEL CORPORATION
          FIGURE 51 HEXCEL CORPORATION: COMPANY SNAPSHOT
          FIGURE 52 HEXCEL CORPORATION: SWOT ANALYSIS
     14.5 SOLVAY GROUP
          FIGURE 53 SOLVAY GROUP: COMPANY SNAPSHOT
          FIGURE 54 SOLVAY: SWOT ANALYSIS
     14.6 SGL GROUP
          FIGURE 55 SGL GROUP: COMPANY SNAPSHOT
     14.7 FORMOSA PLASTICS CORPORATION
     14.8 HYOSUNG
          FIGURE 56 HYOSUNG: COMPANY SNAPSHOT
     14.9 ZHONGFU SHENYING CARBON FIBER CO., LTD.
     14.10 KUREHA CORPORATION
          FIGURE 57 KUREHA CORPORATION: COMPANY SNAPSHOT
     14.11 DOWAKSA
     14.12 TAEKWANG INDUSTRIAL CO. LTD.
     14.13 JIANGSU HENGSHEN CO., LTD.
     14.14 ELG CARBON FIBRE LTD.
     14.15 NIPPON GRAPHITE FIBER CORPORATION
           FIGURE 58 NIPPON GRAPHITE FIBER CORPORATION: COMPANY SNAPSHOT
     14.16 PLASAN CARBON COMPOSITES
     14.17 KEMROCK INDUSTRIES AND EXPORTS LTD.
     14.18 HINDOOSTAN COMPOSITE SOLUTIONS
     14.19 CROSBY COMPOSITES
     14.20 SIGMATEX LIMITED
     14.21 ZHONGAO CARBON
     14.22 AERON COMPOSITE PVT. LTD.
     14.23 WEIHAI TUOZHAN FIBERS CO. LTD.
     14.24 CFK VALLEY STADE RECYCLING GMBH & CO. KG
     14.25 ALABUGA FIBER, LLC

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

15 APPENDIX (Page No. - 225)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

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

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Factiva, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The CF & CFRP market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by developments in various end-use industries, including aerospace & defense, wind energy, automotive, sporting goods, and other industries. Advancements in technology and diverse applications in various end-use industries describe the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

CF & CFRP Market Size, and Share

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

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total CF & CFRP market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall CF & CFRP market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the global CF & CFRP market in terms of both value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze the market segmentation and forecast the market size based on fiber type, matrix type, application, manufacturing process, and aircraft type.
  • To analyze and forecast the market size and impact of COVID-19 on five main regions, namely, Asia Pacific (APAC), Europe, North America, Middle East & Africa (MEA), and Latin America
  • To strategically analyze the markets with respect to individual growth trends, prospects, and contribution to the global market
  •  To analyze the opportunities in the market for stakeholders and provide a competitive landscape of market leaders
  • To analyze competitive development strategies, such as expansion in the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies*

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:

Regional Analysis

  • Further breakdown of the CF & CFRP market in Rest of APAC
  • Further breakdown of the CF & CFRP market in Rest of Europe
  • Further breakdown of the CF & CFRP market in Rest of North America
  • Further breakdown of the CF & CFRP market in Rest of MEA
  • Further breakdown of the CF & CFRP market in Rest of Latin America

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)
COVID-19

Get in-depth analysis of the COVID-19 impact on the CF & CFRP Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the CF & CFRP Market

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