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
The CF & CFRP market is projected to reach USD 31.5 billion by 2025, at a CAGR of 12.4%. The market is growing due to the superior performance properties of CF & CFRP and their ability to survive in harsh conditions.
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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.
CF & CFRP 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.
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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.
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 Players in CF & CFRP Market
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.
CF & CFRP Market Report Scope
|
Report Metric |
Details |
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Years considered for the study |
2018- 2025 |
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Base year |
2019 |
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Forecast period |
2020 - 2025 |
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Units considered |
Value (USD Million), Volume (Ton) |
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Segments |
Source, Precursor Type, Resin Type, Manufacturing Process, End-Use Industry, and Region |
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Regions |
Europe, North America, APAC, MEA, and Latin America |
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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 CF & CFRP Market
- 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):
What are the factors influencing the growth of the CF & CFRP market?
High demand from industries such as wind energy and aerospace industry due to superior performance properties of composites has driving the market.
Which is the fastest-growing country-level market for CF & CFRP?
Taiwan is the fastest-growing CF & CFRP market due to sporting goods, marine, and aerospace composite component manufacturing industry growth.
What are the factors contributing to the final price of CF & CFRP?
Raw material plays a vital role in the costs. The cost of these materials contributes mostly to the final pricing of composites.
What are the challenges in the CF & CFRP market?
The development of technology to reduce the cycle time is the major challenge in the CF & CFRP market.
Which resin type of CF & CFRP holds the largest market share?
The thermosetting resin type holds the largest share due to its exceptional properties.
How is the CF & CFRP market aligned?
The market is growing at a significant pace. It is a potential market, and many manufactures are planning business strategies to expand their business.
Who are the major manufacturers?
Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Hexcel Corporation (US), SGL Group (Germany), Hyosung (South Korea), and Solvay (Belgium), among many others
Which manufacturing processes are used in CFRP?
Lay-up, compression molding, injection molding, resin transfer molding, filament winding, and pultrusion processes are used in manufacturing CFRP composites.
What are the major End-use industries for CF & CFRP?
The major end-use industries of CF & CFRP include aerospace & defense, wind energy, automotive, sporting goods, civil engineering, pipe & tank, electrical & electronics, medical, and others.
What is the most significant restraint in the composites market?
The decrease in the number of aircraft deliveries with a global economic slowdown is restraining market growth. .
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:
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)
Growth opportunities and latent adjacency in CF & CFRP Market
Carbon Fiber market with automotive as key application
Sepcific information on Carbon Fiber Reinforced Plastic market for aircraft components applications
Require report arounf CF,a CFRRP, 3D prinitng, 4D printing in energy storage and IT material
General information on CFRP (thermosetting) in Prosthetics
Carbon Fiber Pricing