CF & CFRP Market

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CF & CFRP Market by Source (Virgin, Recycled), Precursor, Resin Type, Manufacturing Process (Lay-up,Compression Molding, Resin Transfer Molding, Filament Winding, Pultrusion, Injection Molding), End-Use Industry, and Region - Global Forecasts to 2028

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Report Code: CH 2794 May, 2023, by marketsandmarkets.com
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The CFRP market is projected to grow from USD 29.7 billion in 2022 to USD 60.3 billion by 2028, at a CAGR of 12.7%. Over the world, the CF & CFRP market is expanding significantly, and during the forecast period, a similar trend is anticipated.

The demand for CF & CFRP has been driven by several factors, including the need to increase the efficiency of operations, reduce maintenance costs, and enhance safety. The major applications of CF & CFRP include automotive & transportation, wind energy, aerospace and defense, marine, electrical and electronics, and others.

CF & CFRP are widely used in the automotive industry to reduce vehicle weight. By replacing heavier materials, such as steel, with lightweight CF & CFRP components, manufacturers can improve fuel efficiency, handling, and overall performance.  

In the wind energy industry, carbon fiber composite is used to manufacture wind turbine blades. In the aerospace and defense industry, carbon fiber composite is used to manufacture various components, such as radomes, fairings, and wingtips. In the marine industry, carbon fiber composite is used to manufacture boats, yachts, and watercraft. In the electrical and electronics industry, CF and CFRP materials are used in the manufacturing of consumer electronics such as smartphones, laptops, and tablets. They are often utilized in the construction of casings, frames, and covers, offering a combination of strength, durability, and aesthetic appeal.

Attractive Opportunities in CF & CFRP Market Trends

CF & CFRP Market

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CF & CFRP Market

CF & CFRP Market Dynamics

Driver: Increasing demand from the aerospace & defence industries

The use of CF & CFRP in the aerospace & defence industries is increasing due to its lightweight, high strength, and durability. CF & CFRP composites are widely used in the construction of aircraft structures, such as wings, fuselages, empennages, and control surfaces. For example, the Boeing 787 Dreamliner extensively uses CFRP composites in its airframe, resulting in a lighter and more fuel-efficient aircraft. CFRP materials are used in the manufacturing of rocket components, including payload fairings, nose cones, and fuel tanks. The SpaceX Falcon 9 rocket employs CFRP composite overwrapped pressure vessels (COPVs) for its propellant tanks, offering high strength and weight savings.

Restraint: High cost of CF & CFRP materials

CFRP materials are relatively expensive compared to traditional materials like aluminum and steel. The high cost of raw materials, manufacturing processes, and specialized equipment required for CFRP production can limit its widespread adoption, especially in cost-sensitive industries.

Opportunity: Increased demand from emerging economies and growing demand for CF & CFRP materials

The Asia Pacific region has seen substantial growth in the wind energy sector. Countries like China, India, and Japan have made significant investments in wind power generation. CF & CFRP materials are crucial for wind turbine blades as they offer high strength and fatigue resistance. As the demand for renewable energy continues to rise in the region, the demand for CF & CFRP materials for wind turbine blades is expected to increase as well. The Asia Pacific region has been investing in infrastructure development, including bridges, buildings, and transportation systems. CF & CFRP composites can provide enhanced structural performance and durability for these infrastructure projects. With the region's focus on sustainable and innovative construction practices, the demand for CF & CFRP materials in infrastructure applications is likely to grow.

Challenge: Lack of Standards and Specifications

The CF & CFRP industry lacks comprehensive and widely accepted standards and specifications for material properties, testing methods, and design guidelines. The absence of standardized practices and guidelines can lead to variations in material performance, hinder inter-manufacturer compatibility, and create barriers to wider adoption.

Based on the end-use industry, the wind energy segment is estimated to account for the second largest CFRP market share during the forecast period

Based on the end-use industry type wind energy segment is estimated to account for the second largest market share. CFRP composites are extensively used in wind turbine blades due to their high strength-to-weight ratio. CFRP materials enable the construction of longer and more efficient blades, which capture more wind energy and improve turbine performance. The lightweight nature of CFRP reduces the load on the turbine and enhances its overall energy production. The use of CFRP in wind turbine blades enables the construction of longer and larger rotor diameters. Larger rotor diameters capture more wind energy, leading to increased power generation. This enhanced energy capture contributes to higher energy output and improved cost-effectiveness of wind energy systems.

Based on resin type, the thermoplastic segment is anticipated to register the highest CAGR in CFRP market

Based on resin type, the market is segmented into thermosetting and thermoplastic resin Thermoplastic resins, such as polyetheretherketone (PEEK), polypropylene (PP), and polyamide (PA), offer a range of desirable properties for CFRP applications. They exhibit excellent mechanical strength, toughness, chemical resistance, and thermal stability. These properties contribute to the overall performance and durability of CFRP composites. One of the key advantages of thermoplastic resins is their ability to be melted and re-melted multiple times without significant degradation. This property enables efficient processing techniques such as melt impregnation, thermoforming, and welding. Unlike thermosetting resins, which require curing and cannot be reshaped after processing, thermoplastics offer greater flexibility and easier fabrication. Due to these factors, thermoplastic segment of CFRP market is expected to witness the highest CAGR between 2023 and 2028.

North America to hold the second-largest market share during the forecast period

North America has a robust aerospace and defense industry, which is a major consumer of CFRP materials. CFRP composites offer high strength-to-weight ratio properties that are crucial for aerospace applications, including aircraft components and structures. The region is home to several leading aircraft manufacturers, driving the demand for CFRP in this sector. The automotive industry in North America has been increasingly adopting CFRP materials for lightweighting and performance enhancement. CFRP composites offer weight reduction, improved fuel efficiency, and increased safety in vehicle structures. Automakers in the region are incorporating CFRP in high-end sports cars, electric vehicles (EVs), and luxury vehicles.

CF & CFRP Market by Region

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Key Market Players

The CF & CFRP market is dominated by a few globally established players such as Toray Industries Inc., (Japan), Teijin Limited (Japan), Mitsubishi Chemical corporation (Japan), Hexcel Corporation (US), Solvay (Belgium), SGL Carbon (Germany), Hyosung Advanced Materials (South Korea), among others, are the key manufacturers that secured major contracts in the last few years. Major focus was given to the contracts and new product development due to the changing requirements across the world.

These companies are pursuing a variety of inorganic and organic strategies in order to gain a foothold in the CF & CFRP market. The research includes a detailed competitive analysis of these key players in the CF & CFRP market, including company profiles, recent developments, and key market strategies.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2028

Base year considered

2022

Forecast period

2023–2028

Units considered

Value (USD billion/million), Volume (Kiloton)

Segments Covered

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

Geographies covered

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

Companies covered

Toray Industries Inc., (Japan), Teijin Limited (Japan), Mitsubishi Chemical Corporation (Japan), Hexcel Corporation (US), Solvay (Belgium), SGL Carbon (Germany), Hyosung Advanced Materials (South Korea), Zhongfu Shenying Carbon Co., Ltd. (China), Kureha Corporation (Japan), DowAksa (Turkey), Jilin Chemical Fiber Group Co., Ltd. (China) and Jiangsu Hengshen Co., Ltd.  (China)

The study categorizes the CF & CFRP market based on Precursor Type, Source, Resin Type, Manufacturing Process, End-Use Industry, and Region.

By Precursor Type:
  • PAN
  • Pitch
  • Rayon
By Source:
  • Virgin CF
  • Recycled CF
By Resin Type:
  • Thermosetting CFRP
  • Thermoplastic CFRP
By Manufacturing Process:
  • Lay-up
  • Compression Molding
  • Resin Transfer Molding
  • Filament Winding
  • Pultrusion
  • Injection Molding
  • Others
By End-Use Industry:
  • Aerospace & Defense
  • Wind Energy
  • Automotive & Transportation
  • Sporting Goods
  • Civil Engineering
  • Pipes & Tanks
  • Marine
  • Medical
  • Electrical & Electronics
  • Others
By Region:
  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Recent Developments

  • In April 2023, Solvay and GKN Aerospace signed an extension to their 2017 collaboration agreement. Under the agreement, both businesses are developing a joint thermoplastic composites (TPC) roadmap to explore new materials and manufacturing processes for aerospace structures while jointly targeting future strategic high-rate programs. Solvay is expected to remain a GKN Aerospace preferred supplier for TPC materials.
  • In November 2022, Hyosung Advanced Materials acquired ISCC (International Sustainability & Carbon Certification) PLUS. This acquisition is expected to boost the operational capabilities of Hyosung Advanced Materials.
  • In July 2022, Hexcel announced that it has signed a long-term agreement with Dassault to supply carbon fiber prepreg for the Falcon 10X program. This is the first Dassault business jet program to incorporate high-performance advanced carbon fiber composites in the manufacture of its aircraft wings.
  • In February 2022, Teijin Limited announced that it has agreed to form a business alliance with Fuji Design Co., Ltd., a Japanese manufacturer of recycled carbon fibers to establish a business structure for the production, supply, and commercialization of carbon fiber-reinforced plastic (CFRP) products made from recycled carbon fibers using a low environmental impact process.
  • In July 2020, Teijin Carbon Europe and the UK’s National Composites Centre strengthened their innovation partnership in carbon fiber composite materials. This partnership is expected to lead to the intensive research & development in carbon fiber.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 42)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE 
          FIGURE 1 CF & CFRP MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 47)
    2.1 RESEARCH APPROACH 
          FIGURE 2 CF & CFRP MARKET: RESEARCH DESIGN
    2.2 BASE NUMBER CALCULATION 
           2.2.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
           2.2.2 APPROACH 2: DEMAND-SIDE APPROACH
    2.3 IMPACT OF RECESSION 
    2.4 FORECAST NUMBER CALCULATION 
           2.4.1 SUPPLY SIDE
           2.4.2 DEMAND SIDE
    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 CF & CFRP 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 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.6.2 TOP-DOWN APPROACH
                    FIGURE 4 TOP-DOWN APPROACH
    2.7 DATA TRIANGULATION 
          FIGURE 5 CF & CFRP MARKET: DATA TRIANGULATION
    2.8 FACTOR ANALYSIS 
    2.9 ASSUMPTIONS 
    2.10 MARKET GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
    2.11 LIMITATIONS IN MARKET SIZE ESTIMATION 
    2.12 RISKS ASSOCIATED WITH CF & CFRP MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 58)
    FIGURE 6 PAN PRECURSOR SEGMENT DOMINATED CF MARKET IN 2022
    FIGURE 7 VIRGIN CARBON FIBER ACCOUNTED FOR LARGER MARKET SHARE IN 2022
    FIGURE 8 THERMOSETTING RESIN ACCOUNTED FOR LARGER SHARE IN 2022
    FIGURE 9 LAY-UP MANUFACTURING PROCESS SEGMENT LED MARKET IN 2022
    FIGURE 10 AEROSPACE & DEFENSE SEGMENT TO DOMINATE CFRP MARKET DURING FORECAST PERIOD, IN TERMS OF VALUE
    FIGURE 11 ASIA PACIFIC TO BE FASTEST-GROWING CFRP MARKET BETWEEN 2023 AND 2028, IN TERMS OF VALUE
 
4 PREMIUM INSIGHTS (Page No. - 63)
    4.1 ATTRACTIVE OPPORTUNITIES IN CF & CFRP MARKET 
          FIGURE 12 HIGH DEMAND FROM AEROSPACE & DEFENSE AND WIND ENERGY TO DRIVE MARKET
    4.2 CFRP MARKET, BY END-USE INDUSTRY AND REGION, 2022 
          FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF GLOBAL MARKET IN 2022
    4.3 CARBON FIBER MARKET, BY SOURCE, 2022 
          FIGURE 14 VIRGIN CARBON FIBER DOMINATED MARKET IN 2022
    4.4 CARBON FIBER MARKET, BY PRECURSOR TYPE 
          FIGURE 15 PAN PRECURSOR DOMINATED OVERALL MARKET IN 2022
    4.5 CFRP MARKET, BY RESIN TYPE 
          FIGURE 16 THERMOSETTING RESIN ACCOUNTED FOR LARGER SHARE IN 2022
    4.6 CFRP MARKET, BY MANUFACTURING PROCESS 
          FIGURE 17 PULTRUSION PROCESS ACCOUNTED FOR LARGEST SHARE IN 2022
    4.7 CFRP MARKET, BY END-USE INDUSTRY 
          FIGURE 18 WIND ENERGY ACCOUNTED FOR HIGHEST CONSUMPTION OF CFRP IN 2022
    4.8 CFRP MARKET, BY KEY COUNTRIES 
          FIGURE 19 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 67)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CF & CFRP MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising demand for manufacture of satellite parts
                    5.2.1.2 High demand from aerospace & defense industry
                    5.2.1.3 Stringent eco-friendly regulations to drive adoption of carbon fiber and related composites in automotive applications
                    5.2.1.4 Rising use in wind energy industry
                                TABLE 1 NEW WIND POWER INSTALLATIONS (ONSHORE), BY REGION (2022–2027)
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of carbon fiber
                    5.2.2.2 Lack of standardization in manufacturing technologies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increased investments for development of low-cost coal-based carbon fibers
                    5.2.3.2 Potential opportunities in new applications
                    5.2.3.3 Increasing demand for fuel cell electric vehicles (FCEVs)
                                TABLE 2 NUMBER OF FCEVS, BY MAJOR COUNTRY/REGION, 2021
                    5.2.3.4 Rising use of CF & CFRP in 3D printing
           5.2.4 CHALLENGES
                    5.2.4.1 Production of low-cost CF & CFRP
                    5.2.4.2 Capital-intensive production and complex manufacturing process
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 21 CF & CFRP MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF BUYERS
           5.3.2 BARGAINING POWER OF SUPPLIERS
           5.3.3 THREAT OF NEW ENTRANTS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 3 CF & CFRP MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 SUPPLY CHAIN ANALYSIS 
          TABLE 4 CF & CFRP MARKET: COMPANIES AND THEIR ROLES IN ECOSYSTEM
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE SELLING PRICE, BY END-USE INDUSTRY (KEY PLAYERS)
                    FIGURE 22 AVERAGE SELLING PRICE OF KEY PLAYERS BY END-USE INDUSTRY (USD/KG)
    5.6 AVERAGE SELLING PRICE, BY END-USE INDUSTRY 
          FIGURE 23 AVERAGE SELLING PRICE, BY END-USE INDUSTRY (USD/KG)
    5.7 AVERAGE SELLING PRICE, BY MANUFACTURING PROCESS 
          FIGURE 24 AVERAGE SELLING PRICE BASED ON MANUFACTURING PROCESS (USD/KG)
    5.8 AVERAGE SELLING PRICE, BY RESIN TYPE 
          FIGURE 25 AVERAGE SELLING PRICE BASED ON RESIN TYPE (USD/KG)
    5.9 AVERAGE SELLING PRICE TRENDS 
          TABLE 5 CARBON FIBER REINFORCED PLASTIC AVERAGE SELLING PRICE, BY REGION
    5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.10.1 KEY STAKEHOLDERS ON BUYING PROCESS
                      FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                      TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
           5.10.2 BUYING CRITERIA
                      FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                      TABLE 7 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
    5.11 TECHNOLOGY ANALYSIS 
    5.12 ECOSYSTEM: CF & CFRP MARKET 
    5.13 VALUE CHAIN ANALYSIS 
           5.13.1 CF & CFRP MARKET: VALUE CHAIN ANALYSIS
    5.14 CASE STUDY ANALYSIS 
    5.15 TRENDS IMPACTING CUSTOMERS’ BUSINESSES 
    5.16 KEY MARKETS FOR IMPORT/EXPORT 
           5.16.1 JAPAN
           5.16.2 US
           5.16.3 GERMANY
           5.16.4 UK
           5.16.5 FRANCE
           5.16.6 CHINA
    5.17 TARIFFS AND REGULATIONS 
           5.17.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                      TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.17.2 STANDARDS IN CF & CFRP MARKET
                      TABLE 9 CURRENT STANDARD CODES FOR AUTOMOTIVE COMPOSITES
                      TABLE 10 CURRENT STANDARD CODES FOR CONSTRUCTION COMPOSITES
    5.18 KEY CONFERENCES & EVENTS IN 2023–2024 
           TABLE 11 CF & CFRP MARKET: DETAILED LIST OF CONFERENCES & EVENTS RELATED TO CF & CFRP MARKET AND RELATED MARKETS
    5.19 PATENT ANALYSIS 
           5.19.1 INTRODUCTION
           5.19.2 METHODOLOGY
           5.19.3 DOCUMENT TYPE
                     FIGURE 28 PATENTS REGISTERED FOR CF & CFRP, 2011–2023
                     FIGURE 29 PATENT PUBLICATION TRENDS, 2011–2023
           5.19.4 JURISDICTION ANALYSIS
                     FIGURE 30 CHINA ACCOUNTS FOR HIGHEST NUMBER OF PATENTS REGISTERED
           5.19.5 TOP COMPANIES/APPLICANTS
                     FIGURE 31 BOEING REGISTERED HIGHEST NUMBER OF PATENTS FROM 2011 TO 2023
                     TABLE 12 LIST OF PATENTS BY BOEING
                     TABLE 13 LIST OF PATENTS BY TORAY INDUSTRIES, INC.
                     TABLE 14 LIST OF PATENTS BY MITSUBISHI HEAVY INDUSTRIES, LTD.
           5.19.6 TOP 10 PATENT OWNERS (US) IN LAST 13 YEARS

6 CARBON FIBER MARKET, BY SOURCE TYPE (Page No. - 98)
    6.1 INTRODUCTION 
          FIGURE 32 VIRGIN CARBON FIBER SEGMENT DOMINATES OVERALL CARBON FIBER MARKET
          TABLE 15 CARBON FIBER MARKET, BY SOURCE, 2018–2022 (KILOTON)
          TABLE 16 CARBON FIBER MARKET, BY SOURCE, 2018–2022 (USD MILLION)
          TABLE 17 CARBON FIBER MARKET, BY SOURCE, 2023–2028 (KILOTON)
          TABLE 18 CARBON FIBER MARKET, BY SOURCE, 2023–2028 (USD MILLION)
    6.2 VIRGIN CARBON FIBER 
           6.2.1 VIRGIN CARBON FIBER OFFERS BETTER THERMAL AND MECHANICAL PROPERTIES
                    FIGURE 33 EUROPE EXPECTED TO LEAD VIRGIN CARBON FIBER MARKET
                    TABLE 19 VIRGIN CARBON FIBER MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 20 VIRGIN CARBON FIBER MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 21 VIRGIN CARBON FIBER MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 22 VIRGIN CARBON FIBER MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 RECYCLED CARBON FIBER 
           6.3.1 SUSTAINABILITY LEADING DEMAND FOR RECYCLED CARBON FIBER
                    FIGURE 34 NORTH AMERICA RECYCLED CARBON FIBER MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 23 RECYCLED CARBON FIBER MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 24 RECYCLED CARBON FIBER MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 25 RECYCLED CARBON FIBER MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 26 RECYCLED CARBON FIBER MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 CARBON FIBER MARKET, BY PRECURSOR TYPE (Page No. - 105)
    7.1 INTRODUCTION 
          FIGURE 35 PAN PRECURSOR TYPE SEGMENT TO DOMINATE CF MARKET
          TABLE 27 CF MARKET, BY PRECURSOR TYPE, 2018–2022 (KILOTON)
          TABLE 28 CF MARKET, BY PRECURSOR TYPE, 2018–2022 (USD MILLION)
          TABLE 29 CF MARKET, BY PRECURSOR TYPE, 2023–2028 (KILOTON)
          TABLE 30 CF MARKET, BY PRECURSOR TYPE, 2023–2028 (USD MILLION)
    7.2 POLYACRYLONITRILE (PAN-BASED) CARBON FIBERS 
           7.2.1 PAN-BASED CARBON FIBER, BY TOW SIZE
                    7.2.1.1 Small tow (<24K)
                               7.2.1.1.1 Small tow carbon fiber finds major applications in aerospace industry
                    7.2.1.2 Large tow (>24K)
                               7.2.1.2.1 Wind energy major application of large tow carbon fiber
                                              TABLE 31 PAN-BASED CF MARKET, BY TOW SIZE, 2018–2022 (KILOTON)
                                              TABLE 32 PAN-BASED CF MARKET, BY TOW SIZE, 2018–2022 (USD MILLION)
                                              TABLE 33 PAN-BASED CF MARKET, BY TOW SIZE, 2023–2028 (KILOTON)
                                              TABLE 34 PAN-BASED CF MARKET, BY TOW SIZE, 2023–2028 (USD MILLION)
    7.3 PITCH-BASED CARBON FIBER 
          TABLE 35 PITCH-BASED CF MARKET, BY TOW SIZE, 2018–2022 (KILOTON)
          TABLE 36 PITCH-BASED CF MARKET, BY TOW SIZE, 2018–2022 (USD MILLION)
          TABLE 37 PITCH-BASED CF MARKET, BY TOW SIZE, 2023–2028 (KILOTON)
          TABLE 38 PITCH-BASED CF MARKET, BY TOW SIZE, 2023–2028 (USD MILLION)
    7.4 RAYON-BASED CARBON FIBER 
 
8 CFRP MARKET, BY RESIN TYPE (Page No. - 111)
    8.1 INTRODUCTION 
          FIGURE 36 THERMOSETTING SEGMENT TO LEAD CFRP MARKET DURING FORECAST PERIOD
          TABLE 39 CFRP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
          TABLE 40 CFRP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
          TABLE 41 CFRP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
          TABLE 42 CFRP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
    8.2 THERMOSETTING CFRP 
           8.2.1 LIQUID STATE AT ROOM TEMPERATURE ENABLES IMPREGNATION OF REINFORCING FIBER
           8.2.2 THERMOSETTING CFRP MARKET, BY RESIN TYPE
                    TABLE 43 THERMOSETTING CFRP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 44 THERMOSETTING CFRP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 45 THERMOSETTING CFRP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                    TABLE 46 THERMOSETTING CFRP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
           8.2.3 EPOXY
                    8.2.3.1 Increasing demand for epoxy resin from high-end applications such as aerospace & defense and automotive & transportation
           8.2.4 VINYL ESTER
                    8.2.4.1 Applications in transportation, marine, and pipes & tanks industries
           8.2.5 POLYESTER
                    8.2.5.1 Cost-competitive resin having high strength, high rigidity, low temperature impact resistance, and good electrical properties
           8.2.6 OTHER THERMOSETTING RESINS
                    FIGURE 37 NORTH AMERICA TO LEAD THERMOSETTING CFRP MARKET, 2023–2028
           8.2.7 THERMOSETTING CFRP MARKET, BY REGION
                    TABLE 47 THERMOSETTING CFRP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 48 THERMOSETTING CFRP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 49 THERMOSETTING CFRP MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 50 THERMOSETTING CFRP MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 THERMOPLASTIC CFRP 
           8.3.1 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR ECR-GLASS
           8.3.2 RESIN TYPE
                    TABLE 51 THERMOPLASTIC CFRP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 52 THERMOPLASTIC CFRP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 53 THERMOPLASTIC CFRP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                    TABLE 54 THERMOPLASTIC CFRP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
           8.3.3 POLYETHERETHERKETONE (PEEK)
                    8.3.3.1 Extensive use in aerospace & defense applications
           8.3.4 POLYAMIDE (PA)
                    8.3.4.1 Resistance to wear, heat, and chemicals, and good friction
           8.3.5 POLYPROPYLENE (PP)
                    8.3.5.1 Significant demand in automotive applications
           8.3.6 OTHER THERMOPLASTICS
                    FIGURE 38 NORTH AMERICA TO LEAD THERMOPLASTIC CFRP MARKET, 2023–2028
           8.3.7 THERMOPLASTIC CFRP MARKET, BY REGION
                    TABLE 55 THERMOPLASTIC CFRP MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 56 THERMOPLASTIC CFRP MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 57 THERMOPLASTIC CFRP MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 58 THERMOPLASTIC CFRP MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 CFRP MARKET, BY MANUFACTURING PROCESS (Page No. - 122)
    9.1 INTRODUCTION 
          FIGURE 39 FILAMENT WINDING PROCESS SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 59 CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
          TABLE 60 CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
          TABLE 61 CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
          TABLE 62 CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
    9.2 LAY-UP PROCESS 
           9.2.1 ABILITY TO PROVIDE SUPERIOR STRENGTH AND WEIGHT TO LEAD TO HIGH DEMAND
                    FIGURE 40 NORTH AMERICA TO DOMINATE MARKET FOR LAY-UP PROCESS SEGMENT
           9.2.2 LAY-UP PROCESS MARKET, BY REGION
                    TABLE 63 LAY-UP PROCESS MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 64 LAY-UP PROCESS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 65 LAY-UP PROCESS MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 66 LAY-UP PROCESS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 COMPRESSION MOLDING PROCESS 
           9.3.1 SHORT CYCLE TIME AND HIGH PRODUCTION RATE TO DRIVE DEMAND
                    FIGURE 41 EUROPE TO LEAD MARKET FOR COMPRESSION MOLDING PROCESS SEGMENT
           9.3.2 COMPRESSION MOLDING PROCESS MARKET, BY REGION
                    TABLE 67 COMPRESSION MOLDING PROCESS MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 68 COMPRESSION MOLDING PROCESS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 69 COMPRESSION MOLDING PROCESS MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 70 COMPRESSION MOLDING PROCESS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 RESIN TRANSFER MOLDING (RTM) PROCESS 
           9.4.1 INCREASED COMPRESSION, HIGH GLASS-TO-RESIN AND OUTSTANDING STRENGTH-TO-WEIGHT RATIOS TO DRIVE DEMAND IN AUTOMOTIVE, CIVIL ENGINEERING, AND AEROSPACE INDUSTRIES
                    FIGURE 42 NORTH AMERICA TO LEAD MARKET FOR RTM PROCESS SEGMENT
           9.4.2 RESIN TRANSFER MOLDING (RTM) MARKET, BY REGION
                    TABLE 71 RTM PROCESS MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 72 RTM PROCESS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 73 RTM PROCESS MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 74 RTM PROCESS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.5 FILAMENT WINDING PROCESS 
           9.5.1 AUTOMATED PROCESS ENABLES HIGHLY ENGINEERED STRUCTURES SUCH AS HIGH-PRESSURE CO2 TANKS & BOTTLES, LIGHT POLES, AND CONSTRUCTION MATERIALS
                    FIGURE 43 NORTH AMERICA FASTEST-GROWING MARKET FOR FILAMENT WINDING PROCESS
           9.5.2 FILAMENT WINDING PROCESS MARKET, BY REGION
                    TABLE 75 FILAMENT WINDING PROCESS MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 76 FILAMENT WINDING PROCESS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 77 FILAMENT WINDING PROCESS MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 78 FILAMENT WINDING PROCESS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.6 INJECTION MOLDING PROCESS 
           9.6.1 LOW-COST TOOLING ECONOMICAL FOR LOW PRODUCTION VOLUMES OR LARGE-SIZED COMPONENTS SUCH AS VEHICLE BUMPERS, ELECTRICAL EQUIPMENT PANELS, AND OTHERS
                    FIGURE 44 EUROPE TO BE LARGEST MARKET FOR INJECTION MOLDING PROCESS SEGMENT
           9.6.2 INJECTION MOLDING PROCESS MARKET, BY REGION
                    TABLE 79 INJECTION MOLDING PROCESS MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 80 INJECTION MOLDING PROCESS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 81 INJECTION MOLDING PROCESS MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 82 INJECTION MOLDING PROCESS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.7 PULTRUSION PROCESS 
           9.7.1 PROVIDES FIRM STRUCTURES FOR APPLICATIONS SUCH AS DOOR & WINDOW FRAMES, RAILS & FENCES, AND BRIDGES
                    FIGURE 45 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR PULTRUSION PROCESS SEGMENT
           9.7.2 PULTRUSION PROCESS MARKET, BY REGION
                    TABLE 83 PULTRUSION PROCESS MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 84 PULTRUSION PROCESS MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 85 PULTRUSION PROCESS MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 86 PULTRUSION PROCESS MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.8 OTHER MANUFACTURING PROCESSES 
           9.8.1 OTHER MANUFACTURING PROCESSES MARKET, BY REGION
                    TABLE 87 OTHER P MANUFACTURING PROCESSES MARKET, BY REGION, 2018–2022 (KILOTON)
                    TABLE 88 OTHER MANUFACTURING PROCESSES MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 89 OTHER MANUFACTURING PROCESSES MARKET, BY REGION, 2023–2028 (KILOTON)
                    TABLE 90 OTHER MANUFACTURING PROCESSES MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 CFRP MARKET, BY END-USE INDUSTRY (Page No. - 140)
     10.1 INTRODUCTION 
             FIGURE 46 AEROSPACE & DEFENSE INDUSTRY TO LEAD CONSUMPTION OF CFRP IN 2028
             TABLE 91 CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
             TABLE 92 CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
             TABLE 93 CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
             TABLE 94 CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     10.2 AEROSPACE & DEFENSE 
             10.2.1 SUPERIOR CHARACTERISTICS OF CFRP TO DRIVE MARKET
             10.2.2 INTERIOR PARTS
                        10.2.2.1 Phenolic and thermoplastic composites majorly used in aircraft interior structures
             10.2.3 EXTERIOR PARTS
                        10.2.3.1 High chemical and corrosion resistance, good mechanical and thermal and electrical insulation properties to drive demand
                                      TABLE 95 NUMBER OF NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION (2019–2038)
                                      FIGURE 47 NORTH AMERICA TO DRIVE CFRP MARKET IN AEROSPACE & DEFENSE INDUSTRY
                                      TABLE 96 CFRP MARKET IN AEROSPACE & DEFENSE, BY REGION, 2018–2022 (KILOTON)
                                      TABLE 97 CFRP MARKET IN AEROSPACE & DEFENSE, BY REGION, 2018–2022 (USD MILLION)
                                      TABLE 98 CFRP MARKET IN AEROSPACE & DEFENSE, BY REGION, 2023–2028 (KILOTON)
                                      TABLE 99 CFRP MARKET IN AEROSPACE & DEFENSE, BY REGION, 2023–2028 (USD MILLION)
     10.3 WIND ENERGY 
             10.3.1 HIGH STRENGTH AND WEIGHT REDUCTION TO DRIVE MARKET
                        FIGURE 48 ASIA PACIFIC TO BE FASTEST-GROWING MARKET IN WIND ENERGY INDUSTRY
                        TABLE 100 CFRP MARKET IN WIND ENERGY, BY REGION, 2018–2022 (KILOTON)
                        TABLE 101 CFRP MARKET IN WIND ENERGY, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 102 CFRP MARKET IN WIND ENERGY, BY REGION, 2023–2028 (KILOTON)
                        TABLE 103 CFRP MARKET IN WIND ENERGY, BY REGION, 2023–2028 (USD MILLION)
     10.4 AUTOMOTIVE & TRANSPORTATION 
             10.4.1 WEIGHT REDUCTION AND INCREASING EFFICIENCY TO DRIVE MARKET
                        TABLE 104 COST BENEFITS OF CARBON FIBER COMPOSITE COMPONENTS VS. STEEL COMPONENTS
                        FIGURE 49 EUROPE TO LEAD CFRP MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY
                        TABLE 105 CFRP MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY REGION, 2018–2022 (KILOTON)
                        TABLE 106 CFRP MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 107 CFRP MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY REGION, 2023–2028 (KILOTON)
                        TABLE 108 CFRP MARKET IN AUTOMOTIVE & TRANSPORTATION INDUSTRY, BY REGION, 2023–2028 (USD MILLION)
     10.5 SPORTS GOODS 
             10.5.1 GROWING DEMAND FOR CFRP IN SPORTS GOODS TO DRIVE MARKET
                        FIGURE 50 ASIA PACIFIC TO LEAD CFRP MARKET IN SPORTS GOODS INDUSTRY
                        TABLE 109 CFRP MARKET IN SPORTS GOODS, BY REGION, 2018–2022 (KILOTON)
                        TABLE 110 CFRP MARKET IN SPORTS GOODS, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 111 CFRP MARKET IN SPORTS GOODS, BY REGION, 2023–2028 (KILOTON)
                        TABLE 112 CFRP MARKET IN SPORTS GOODS, BY REGION, 2023–2028 (USD MILLION)
     10.6 CIVIL ENGINEERING 
             10.6.1 GROWING DEMAND FOR STRUCTURAL STRENGTHENING AND BRIDGE DECK REINFORCEMENT APPLICATIONS TO DRIVE MARKET
                        FIGURE 51 NORTH AMERICA TO LEAD CFRP MARKET IN CIVIL ENGINEERING
                        TABLE 113 CFRP MARKET IN CIVIL ENGINEERING, BY REGION, 2018–2022 (KILOTON)
                        TABLE 114 CFRP MARKET IN CIVIL ENGINEERING, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 115 CFRP MARKET IN CIVIL ENGINEERING, BY REGION, 2023–2028 (KILOTON)
                        TABLE 116 CFRP MARKET IN CIVIL ENGINEERING, BY REGION, 2023–2028 (USD MILLION)
     10.7 PIPES & TANKS 
             10.7.1 INCREASE IN DEMAND FOR TYPE IV CYLINDERS TO DRIVE MARKET
                        FIGURE 52 NORTH AMERICA TO DOMINATE CFRP MARKET IN PIPES & TANKS INDUSTRY
                        TABLE 117 CFRP MARKET IN PIPES & TANKS INDUSTRY, BY REGION, 2018–2022 (KILOTON)
                        TABLE 118 CFRP MARKET IN PIPES & TANKS INDUSTRY, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 119 CFRP MARKET IN PIPES & TANKS INDUSTRY, BY REGION, 2023–2028 (KILOTON)
                        TABLE 120 CFRP MARKET IN PIPES & TANKS INDUSTRY, BY REGION, 2023–2028 (USD MILLION)
     10.8 MARINE 
             10.8.1 ANTI-CORROSION AND LIGHTWEIGHT PROPERTIES TO DRIVE MARKET
                        FIGURE 53 NORTH AMERICA TO LEAD CFRP MARKET IN MARINE INDUSTRY
                        TABLE 121 CFRP MARKET IN MARINE INDUSTRY, BY REGION, 2018–2022 (KILOTON)
                        TABLE 122 CFRP MARKET IN MARINE INDUSTRY, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 123 CFRP MARKET IN MARINE INDUSTRY, BY REGION, 2023–2028 (KILOTON)
                        TABLE 124 CFRP MARKET IN MARINE INDUSTRY, BY REGION, 2023–2028 (USD MILLION)
     10.9 ELECTRICAL & ELECTRONICS 
             10.9.1 SUPERIOR MECHANICAL PROPERTIES TO DRIVE MARKET
                        FIGURE 54 NORTH AMERICA TO LEAD CFRP MARKET IN ELECTRICAL & ELECTRONICS INDUSTRY
                        TABLE 125 CFRP MARKET IN ELECTRICAL & ELECTRONICS INDUSTRY, BY REGION, 2018–2022 (KILOTON)
                        TABLE 126 CFRP MARKET IN ELECTRICAL & ELECTRONICS INDUSTRY, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 127 CFRP MARKET IN ELECTRICAL & ELECTRONICS INDUSTRY, BY REGION, 2023–2028 (KILOTON)
                        TABLE 128 CFRP MARKET IN ELECTRICAL & ELECTRONICS INDUSTRY, BY REGION, 2023–2028 (USD MILLION)
     10.1 MEDICAL 
             10.10.1 NUMEROUS BENEFITS, INCLUDING HIGH STRENGTH, LOW WEIGHT, CORROSION RESISTANCE, AND BIOCOMPATIBILITY, TO DRIVE MARKET
                        FIGURE 55 ASIA PACIFIC TO LEAD CFRP MARKET IN MEDICAL INDUSTRY
                        TABLE 129 CFRP MARKET IN MEDICAL INDUSTRY, BY REGION, 2018–2022 (KILOTON)
                        TABLE 130 CFRP MARKET IN MEDICAL INDUSTRY, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 131 CFRP MARKET IN MEDICAL INDUSTRY, BY REGION, 2023–2028 (KILOTON)
                        TABLE 132 CFRP MARKET IN MEDICAL INDUSTRY, BY REGION, 2023–2028 (USD MILLION)
     10.11 OTHER END-USE INDUSTRIES 
             10.11.1 GOOD DESIGN FLEXIBILITY AND FORMING CHARACTERISTICS TO DRIVE MARKET
                        TABLE 133 CFRP MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2022 (KILOTON)
                        TABLE 134 CFRP MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 135 CFRP MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2023–2028 (KILOTON)
                        TABLE 136 CFRP MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2023–2028 (USD MILLION)
 
11 CFRP MARKET, BY REGION (Page No. - 168)
     11.1 INTRODUCTION 
             FIGURE 56 TAIWAN TO BE FASTEST-GROWING CFRP MARKET DURING FORECAST PERIOD
             11.1.1 CFRP MARKET, BY REGION
                        TABLE 137 CFRP MARKET, BY REGION, 2018–2022 (KILOTON)
                        TABLE 138 CFRP MARKET, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 139 CFRP MARKET, BY REGION, 2023–2028 (KILOTON)
                        TABLE 140 CFRP MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.2 NORTH AMERICA 
             11.2.1 IMPACT OF RECESSION ON NORTH AMERICAN CF&CFRP MARKET
                        FIGURE 57 NORTH AMERICA: CFRP MARKET SNAPSHOT
             11.2.2 NORTH AMERICA: CFRP MARKET, BY RESIN TYPE
                        TABLE 141 NORTH AMERICA: CFRP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                        TABLE 142 NORTH AMERICA: CFRP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                        TABLE 143 NORTH AMERICA: CFRP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                        TABLE 144 NORTH AMERICA: CFRP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
             11.2.3 NORTH AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS
                        TABLE 145 NORTH AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                        TABLE 146 NORTH AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                        TABLE 147 NORTH AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                        TABLE 148 NORTH AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
             11.2.4 NORTH AMERICA: CFRP MARKET, BY END-USE INDUSTRY
                        TABLE 149 NORTH AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                        TABLE 150 NORTH AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                        TABLE 151 NORTH AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        TABLE 152 NORTH AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             11.2.5 NORTH AMERICA: CFRP MARKET, BY COUNTRY
                        TABLE 153 NORTH AMERICA: CFRP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                        TABLE 154 NORTH AMERICA: CFRP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                        TABLE 155 NORTH AMERICA: CFRP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        TABLE 156 NORTH AMERICA: CFRP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        11.2.5.1 US
                                     11.2.5.1.1 Presence of well-established automotive, aerospace & defense, wind energy, marine, and other industries to drive market
                                     11.2.5.1.2 US: CFRP market, by end-use industry
                                                      TABLE 157 US: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 158 US: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 159 US: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 160 US: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.2.5.2 Canada
                                     11.2.5.2.1 Presence of well-established aerospace industry to fuel demand for CFRP
                                     11.2.5.2.2 Canada: CFRP market, by end-use industry
                                                      TABLE 161 CANADA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 162 CANADA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 163 CANADA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 164 CANADA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     11.3 EUROPE 
             11.3.1 IMPACT OF RECESSION ON EUROPEAN CF&CFRP MARKET
                        FIGURE 58 EUROPE: CFRP MARKET SNAPSHOT
             11.3.2 EUROPE: CFRP MARKET, BY RESIN TYPE
                        TABLE 165 EUROPE: CFRP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                        TABLE 166 EUROPE: CFRP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                        TABLE 167 EUROPE: CFRP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                        TABLE 168 EUROPE: CFRP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
             11.3.3 EUROPE: CFRP MARKET, BY MANUFACTURING PROCESS
                        TABLE 169 EUROPE: CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                        TABLE 170 EUROPE: CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                        TABLE 171 EUROPE: CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                        TABLE 172 EUROPE: CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
             11.3.4 EUROPE: CFRP MARKET, BY END-USE INDUSTRY
                        TABLE 173 EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                        TABLE 174 EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                        TABLE 175 EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        TABLE 176 EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             11.3.5 EUROPE: CFRP MARKET, BY COUNTRY
                        TABLE 177 EUROPE: CFRP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                        TABLE 178 EUROPE: CFRP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                        TABLE 179 EUROPE: CFRP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        TABLE 180 EUROPE: CFRP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        11.3.5.1 Germany
                                     11.3.5.1.1 Growth of automotive and aerospace sectors to drive market
                                     11.3.5.1.2 Germany: CFRP market, by end-use industry
                                                      TABLE 181 GERMANY: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 182 GERMANY: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 183 GERMANY: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 184 GERMANY: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.3.5.2 France
                                     11.3.5.2.1 Presence of major aircraft manufacturers to drive market
                                     11.3.5.2.2 France: CFRP market, by end-use industry
                                                      TABLE 185 FRANCE: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 186 FRANCE: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 187 FRANCE: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 188 FRANCE: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.3.5.3 UK
                                     11.3.5.3.1 Increasing demand for lightweight and high-performance materials to drive market
                                     11.3.5.3.2 UK: CFRP market, by end-use industry
                                                      TABLE 189 UK: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 190 UK: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 191 UK: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 192 UK: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.3.5.4 Spain
                                     11.3.5.4.1 High demand for CFRP from wind energy sector to drive market
                                     11.3.5.4.2 Spain: CFRP market, by end-use industry
                                                      TABLE 193 SPAIN: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 194 SPAIN: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 195 SPAIN: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 196 SPAIN: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.3.5.5 Italy
                                     11.3.5.5.1 Moderate market growth due to recovering economy
                                     11.3.5.5.2 Italy: CFRP market, by end-use industry
                                                      TABLE 197 ITALY: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 198 ITALY: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 199 ITALY: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 200 ITALY: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.3.5.6 Russia
                                     11.3.5.6.1 Defense sector to drive market
                                     11.3.5.6.2 Russia: CFRP market, by end-use industry
                                                      TABLE 201 RUSSIA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 202 RUSSIA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 203 RUSSIA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 204 RUSSIA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.3.5.7 Rest of Europe
                                     11.3.5.7.1 Rest of Europe: CFRP market, by end-use industry
                                                      TABLE 205 REST OF EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 206 REST OF EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 207 REST OF EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 208 REST OF EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     11.4 ASIA PACIFIC 
             11.4.1 IMPACT OF RECESSION ON ASIA PACIFIC CF&CFRP MARKET
                        FIGURE 59 ASIA PACIFIC: CFRP MARKET SNAPSHOT
             11.4.2 ASIA PACIFIC: CFRP MARKET, BY RESIN TYPE
                        TABLE 209 ASIA PACIFIC: CFRP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                        TABLE 210 ASIA PACIFIC: CFRP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                        TABLE 211 ASIA PACIFIC: CFRP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                        TABLE 212 ASIA PACIFIC: CFRP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
             11.4.3 ASIA PACIFIC: CFRP MARKET, BY MANUFACTURING PROCESS
                        TABLE 213 ASIA PACIFIC: CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                        TABLE 214 ASIA PACIFIC: CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                        TABLE 215 ASIA PACIFIC: CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                        TABLE 216 ASIA PACIFIC: CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
             11.4.4 ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY
                        TABLE 217 ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                        TABLE 218 ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                        TABLE 219 ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        TABLE 220 ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             11.4.5 ASIA PACIFIC: CFRP MARKET, BY COUNTRY
                        TABLE 221 ASIA PACIFIC: CFRP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                        TABLE 222 ASIA PACIFIC: CFRP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                        TABLE 223 ASIA PACIFIC: CFRP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        TABLE 224 ASIA PACIFIC: CFRP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        11.4.5.1 China
                                     11.4.5.1.1 Presence of major CFRP manufacturers to fuel market
                                     11.4.5.1.2 China: CFRP market, by end-use industry
                                                      TABLE 225 CHINA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 226 CHINA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 227 CHINA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 228 CHINA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.4.5.2 Japan
                                     11.4.5.2.1 Large exports of carbon fiber to drive market
                                     11.4.5.2.2 Japan: CFRP market, by end-use industry
                                                      TABLE 229 JAPAN: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 230 JAPAN: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 231 JAPAN: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 232 JAPAN: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.4.5.3 South Korea
                                     11.4.5.3.1 Presence of major automotive and electronics companies to propel market
                                     11.4.5.3.2 South Korea: CFRP market, by end-use industry
                                                      TABLE 233 SOUTH KOREA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 234 SOUTH KOREA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 235 SOUTH KOREA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 236 SOUTH KOREA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.4.5.4 Taiwan
                                     11.4.5.4.1 Large manufacture of bicycles to drive market
                                     11.4.5.4.2 Taiwan: CFRP market, by end-use industry
                                                      TABLE 237 TAIWAN: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 238 TAIWAN: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 239 TAIWAN: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 240 TAIWAN: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.4.5.5 Rest of Asia Pacific
                                     11.4.5.5.1 Rest of Asia Pacific: CFRP market, by end-use industry
                                                      TABLE 241 REST OF ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 242 REST OF ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 243 REST OF ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 244 REST OF ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     11.5 MIDDLE EAST & AFRICA 
             11.5.1 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA CF&CFRP MARKET
             11.5.2 MIDDLE EAST & AFRICA: CFRP MARKET, BY RESIN TYPE
                        TABLE 245 MIDDLE EAST & AFRICA: CFRP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                        TABLE 246 MIDDLE EAST & AFRICA: CFRP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                        TABLE 247 MIDDLE EAST & AFRICA: CFRP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                        TABLE 248 MIDDLE EAST & AFRICA: CFRP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
             11.5.3 MIDDLE EAST & AFRICA: CFRP MARKET, BY MANUFACTURING PROCESS
                        TABLE 249 MIDDLE EAST & AFRICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                        TABLE 250 MIDDLE EAST & AFRICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                        TABLE 251 MIDDLE EAST & AFRICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                        TABLE 252 MIDDLE EAST & AFRICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
             11.5.4 MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY
                        TABLE 253 MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                        TABLE 254 MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                        TABLE 255 MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        TABLE 256 MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             11.5.5 MIDDLE EAST & AFRICA: CFRP MARKET, BY COUNTRY
                        TABLE 257 MIDDLE EAST & AFRICA: CFRP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                        TABLE 258 MIDDLE EAST & AFRICA: CFRP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                        TABLE 259 MIDDLE EAST & AFRICA: CFRP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        TABLE 260 MIDDLE EAST & AFRICA: CFRP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        11.5.5.1 UAE
                                     11.5.5.1.1 Stringent energy-efficiency regulations to drive market
                                     11.5.5.1.2 UAE: CFRP market, by end-use industry
                                                      TABLE 261 UAE: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 262 UAE: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 263 UAE: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 264 UAE: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.5.5.2 Saudi Arabia
                                     11.5.5.2.1 High demand from pipes & tanks end-use industry to drive market
                                     11.5.5.2.2 Saudi Arabia: CFRP market, by end-use industry
                                                      TABLE 265 SAUDI ARABIA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 266 SAUDI ARABIA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 267 SAUDI ARABIA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 268 SAUDI ARABIA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.5.5.3 South Africa
                                     11.5.5.3.1 Growing wind energy, automotive, and aerospace & defense industries to drive market
                                     11.5.5.3.2 South Africa: CFRP market, by end-use industry
                                                      TABLE 269 SOUTH AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 270 SOUTH AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 271 SOUTH AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 272 SOUTH AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.5.5.4 Rest of Middle East & Africa
                                     11.5.5.4.1 Rest of Middle East & Africa: CFRP market, by end-use industry
                                                      TABLE 273 REST OF MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 274 REST OF MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 275 REST OF MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 276 REST OF MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
     11.6 LATIN AMERICA 
             11.6.1 IMPACT OF RECESSION ON LATIN AMERICAN CF&CFRP MARKET
             11.6.2 LATIN AMERICA: CFRP MARKET, BY RESIN TYPE
                        TABLE 277 LATIN AMERICA: CFRP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
                        TABLE 278 LATIN AMERICA: CFRP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
                        TABLE 279 LATIN AMERICA: CFRP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
                        TABLE 280 LATIN AMERICA: CFRP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
             11.6.3 LATIN AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS
                        TABLE 281 LATIN AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                        TABLE 282 LATIN AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                        TABLE 283 LATIN AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                        TABLE 284 LATIN AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
             11.6.4 LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY
                        TABLE 285 LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                        TABLE 286 LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                        TABLE 287 LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                        TABLE 288 LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
             11.6.5 LATIN AMERICA: CFRP MARKET, BY COUNTRY
                        TABLE 289 LATIN AMERICA: CFRP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
                        TABLE 290 LATIN AMERICA: CFRP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                        TABLE 291 LATIN AMERICA: CFRP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
                        TABLE 292 LATIN AMERICA: CFRP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        11.6.5.1 Brazil
                                     11.6.5.1.1 Growth of automotive industry to fuel market
                                     11.6.5.1.2 Brazil: CFRP market, by end-use industry
                                                      TABLE 293 BRAZIL: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 294 BRAZIL: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 295 BRAZIL: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 296 BRAZIL: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.6.5.2 Mexico
                                     11.6.5.2.1 Automotive and wind energy prominent consumers of CFRP
                                     11.6.5.2.2 Mexico: CFRP market, by end-use industry
                                                      TABLE 297 MEXICO: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 298 MEXICO: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 299 MEXICO: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 300 MEXICO: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
                        11.6.5.3 Rest of Latin America
                                     11.6.5.3.1 Rest of Latin America: CFRP market, by end-use industry
                                                      TABLE 301 REST OF LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (KILOTON)
                                                      TABLE 302 REST OF LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2018–2022 (USD MILLION)
                                                      TABLE 303 REST OF LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)
                                                      TABLE 304 REST OF LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 263)
     12.1 INTRODUCTION 
     12.2 MARKET SHARE ANALYSIS 
             FIGURE 60 SHARE OF TOP COMPANIES IN CF MARKET, 2022
             TABLE 305 DEGREE OF COMPETITION: CF & CFRP MARKET
     12.3 MARKET RANKING 
             FIGURE 61 RANKING OF TOP FIVE PLAYERS IN CF MARKET, 2022
     12.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2022 
             FIGURE 62 REVENUE ANALYSIS
     12.5 COMPANY EVALUATION MATRIX 
             TABLE 306 COMPANY PRODUCT FOOTPRINT
             TABLE 307 COMPANY END-USE INDUSTRY FOOTPRINT
             TABLE 308 COMPANY BY SOURCE TYPE FOOTPRINT
             TABLE 309 COMPANY REGION FOOTPRINT
     12.6 COMPETITIVE LANDSCAPE MAPPING 
             12.6.1 STARS
             12.6.2 PERVASIVE PLAYERS
             12.6.3 PARTICIPANTS
             12.6.4 EMERGING LEADERS
                        FIGURE 63 CF & CFRP MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2022
             12.6.5 STRENGTH OF PRODUCT PORTFOLIO
                        FIGURE 64 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN CF & CFRP MARKET
             12.6.6 BUSINESS STRATEGY EXCELLENCE
                        FIGURE 65 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN CF & CFRP MARKET
     12.7 MARKET EVALUATION FRAMEWORK 
             TABLE 310 CF & CFRP MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2023
             TABLE 311 CF & CFRP MARKET: DEALS, 2018–2023
             TABLE 312 CF & CFRP MARKET: OTHER DEVELOPMENTS, 2018–2023
     12.8 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 
             TABLE 313 CF & CFRP MARKET: KEY STARTUPS/SMES
             TABLE 314 CF & CFRP MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.9 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 
             12.9.1 PROGRESSIVE COMPANIES
             12.9.2 RESPONSIVE COMPANIES
             12.9.3 DYNAMIC COMPANIES
             12.9.4 STARTING BLOCKS
                        FIGURE 66 CF & CFRP MARKET: SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2022
 
13 COMPANY PROFILES (Page No. - 294)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     13.1 KEY COMPANIES 
             13.1.1 TORAY INDUSTRIES, INC.
                        TABLE 315 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW
                        FIGURE 67 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
             13.1.2 TEIJIN LIMITED
                        TABLE 316 TEIJIN LIMITED: COMPANY OVERVIEW
                        FIGURE 68 TEIJIN LIMITED: COMPANY SNAPSHOT
             13.1.3 MITSUBISHI CHEMICAL CORPORATION
                        TABLE 317 MITSUBISHI CHEMICAL CORPORATION: COMPANY OVERVIEW
                        FIGURE 69 MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT
             13.1.4 HEXCEL CORPORATION
                        TABLE 318 HEXCEL CORPORATION: COMPANY OVERVIEW
                        FIGURE 70 HEXCEL CORPORATION: COMPANY SNAPSHOT
             13.1.5 SOLVAY
                        TABLE 319 SOLVAY: COMPANY OVERVIEW
                        FIGURE 71 SOLVAY: COMPANY SNAPSHOT
             13.1.6 SGL CARBON
                        TABLE 320 SGL CARBON: COMPANY OVERVIEW
                        FIGURE 72 SGL CARBON: COMPANY SNAPSHOT
             13.1.7 HYOSUNG ADVANCED MATERIALS
                        TABLE 321 HYOSUNG ADVANCED MATERIALS: COMPANY OVERVIEW
                        FIGURE 73 HYOSUNG ADVANCED MATERIALS: COMPANY SNAPSHOT
             13.1.8 ZHONGFU SHENYING CARBON FIBER CO., LTD.
                        TABLE 322 ZHONGFU SHENYING CARBON FIBER CO., LTD.: COMPANY OVERVIEW
                        FIGURE 74 ZHONGFU SHENYING CARBON FIBER CO., LTD.: COMPANY SNAPSHOT
             13.1.9 KUREHA CORPORATION
                        TABLE 323 KUREHA CORPORATION: COMPANY OVERVIEW
                        FIGURE 75 KUREHA CORPORATION: COMPANY SNAPSHOT
             13.1.10 DOWAKSA
                        TABLE 324 DOWAKSA: COMPANY OVERVIEW
             13.1.11 JILIN CHEMICAL FIBER GROUP CO., LTD.
                        TABLE 325 JILIN CHEMICAL FIBER GROUP CO., LTD.: COMPANY OVERVIEW
                        FIGURE 76 JILIN CHEMICAL FIBER GROUP CO., LTD.: COMPANY SNAPSHOT
             13.1.12 JIANGSU HENGSHEN CO., LTD.
                        TABLE 326 JIANGSU HENGSHEN CO., LTD.: COMPANY OVERVIEW
             13.1.13 ANSHAN SINODA CARBON FIBERS CO., LTD.
                        TABLE 327 ANSHAN SINODA CARBON FIBERS CO., LTD.: COMPANY OVERVIEW
             13.1.14 CHINA NATIONAL BLUESTAR (GROUP) CO., LTD.
                        TABLE 328 CHINA NATIONAL BLUESTAR (GROUP) CO., LTD.: COMPANY OVERVIEW
     13.2 OTHER COMPANIES 
             13.2.1 WEIHAI GUANGWEI COMPOSITE MATERIALS CO., LTD.
                        TABLE 329 WEIHAI GUANG COMPOSITES MATERIALS CO., LTD.: COMPANY OVERVIEW
             13.2.2 UMATEX GROUP
                        TABLE 330 UMATEX GROUP: COMPANY OVERVIEW
             13.2.3 TAEKWANG INDUSTRIAL CO., LTD.
                        TABLE 331 TAEKWANG INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
             13.2.4 GEN 2 CARBON
                        TABLE 332 GEN 2 CARBON: COMPANY OVERVIEW
             13.2.5 DALIAN XINGKE CARBON FIBER CO., LTD.
                        TABLE 333 DALIAN XINGKE CARBON FIBER CO., LTD.: COMPANY OVERVIEW
             13.2.6 NIPPON GRAPHITE FIBER CORPORATION
                        TABLE 334 NIPPON GRAPHITE FIBER CORPORATION: COMPANY OVERVIEW
             13.2.7 CHANGZHOU JLON COMPOSITE CO., LTD.
                        TABLE 335 CHANGZHOU JLON COMPOSITE CO., LTD.: COMPANY OVERVIEW
             13.2.8 MALLINDA, INC.
                        TABLE 336 MALLINDA, INC.: COMPANY OVERVIEW
             13.2.9 BCIRCULAR
                        TABLE 337 BCIRCULAR: COMPANY OVERVIEW
             13.2.10 VARTEGA INC.
                        TABLE 338 VARTEGA INC.: COMPANY OVERVIEW
             13.2.11 JILIN TANGU CARBON FIBER CO., LTD.
                        TABLE 339 JILIN TANGU CARBON FIBER CO., LTD.: COMPANY OVERVIEW
             13.2.12 FANGDA CARBON NEW MATERIAL CO., LTD.
                        TABLE 340 FANGDA CARBON NEW MATERIAL CO., LTD.: COMPANY OVERVIEW
             13.2.13 WUXI GDE TECHNOLOGY CO., LTD.
                        TABLE 341 WUXI GDE TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             13.2.14 SINOFIBERS TECHNOLOGY CO., LTD.
                        TABLE 342 SINOFIBERS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             13.2.15 JILIN JIYAN HIGH-TECH FIBERS CO., LTD.
                        TABLE 343 JILIN JIYAN HIGH-TECH FIBERS 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.
 
14 APPENDIX (Page No. - 359)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

The study involves two major activities in estimating the current market size for the CF & CFRP 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 CF & CFRP and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the CF & CFRP market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the CF & CFRP 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 South 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 CF & CFRP 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 technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using the CF & CFRP industry, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of CF & CFRP and future outlook of their business which will affect the overall market.

The Breakup of Primary Research :

CF & CFRP 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 CF & CFRP 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 CF & CFRP in different applications of the CF & CFRP industry at a regional level. Such procurements provide information on the demand aspects of the CF & CFRP industry for each application. For each application, all possible segments of the CF & CFRP market were integrated and mapped.

CF & CFRP Market Size: Botton Up Approach

CF & CFRP Market Size, and Share

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

CF & CFRP Market Size: Top Down Approach

CF & CFRP 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

CFRP materials are made from two or more different materials (such as carbon fibers and matrix materials). In CFRP, carbon fibers are used as reinforcement materials and resins such as thermoset and thermoplastic are used as matrix materials. These materials offer excellent strength, stiffness-to-density ratio, and have other physical properties. These materials are used in various end-use industries such as aerospace & defense, wind energy, sporting goods, and pipe & tanks.

Key Stakeholders

  • Senior Management
  • End User
  • Finance/Procurement Department
  • R&D Department

Report Objectives

  • To define, describe, segment, and forecast the size of the CF & CFRP market based on by precursor type, source, resin type, manufacturing process, end-use industry and region
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, Latin America, Middle East & Africa, along with major countries in each region
  • Europe, Asia Pacific, Latin America, Middle East & Africa, along with major countries in each region restraints, opportunities, and challenges) influencing the growth of the market
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the CF & CFRP market
  • To analyze technological advancements and product launches in the market
  • To strategically analyze micromarkets, with respect to their growth trends, prospects, and their contribution to the market
  • To identify financial positions, key products, and key developments of leading companies in the market
  • To provide a detailed competitive landscape of the market, along with market share analysis
  • To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
  • To strategically profile key players in the market and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers following customizations for this market report:

  • Additional country-level analysis of the CF & CFRP market

Product Analysis

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