HOME Research Insight Agreements, Mergers & Acquisitions, Expansions, and New Product Launches are the Key Developmental Strategies Adopted by the Leading Market Players in the Global Carbon Fiber (CF) and Carbon Fiber Reinforced Plastic (CFRP) Market.



Agreements, Mergers & Acquisitions, Expansions, and New Product Launches are the Key Developmental Strategies Adopted by the Leading Market Players in the Global Carbon Fiber (CF) and Carbon Fiber Reinforced Plastic (CFRP) Market.


Key companies offering carbon fiber composites mainly adopted the strategies of agreements, new product launches, expansions, and mergers & acquisitions to strengthen their position in the Carbon Fiber Reinforced Plastic (CFRP) market. Key players in the market actively focused on expanding their global reach, while small companies concentrated on the strategy of mergers & acquisitions between 2012 and 2017.

Agreements, new product launches, expansions, and mergers & acquisitions were the key strategies adopted by the leading players between 2012 and 2017, accounting for a combined share of 88.9% of the CFRP market. Expansions was considered the most preferred growth strategy by manufacturers, and accounted for a share of 30.0% of the total developmental strategies that were adopted in the CFRP market.

Major manufacturers profiled in this report are Toray Industries Inc. (Japan), Teijin Limited (Japan), Mitsubishi Rayon Co. Ltd. (Japan), SGL-Group (Germany), Formosa Plastics Corporation (Taiwan), Hexcel Corporation (U.S.), Cytec Industries Inc. (U.S.), Hyosung (South Korea), and Tencate (Netherlands), among others. These companies have adopted various organic and inorganic growth strategies, such as agreements & contracts, joint ventures & collaborations, expansions, mergers & acquisitions, and new product & technology developments.

Toray Industries and Teijin Limited are the important players in the CFRP market. These companies adopted the highest number of strategies in the global CFRP market, accounting for a share of 31.1% of the total market activities between 2012 and 2017.

Toray Industries Inc. is a leader in the global CFRP market. The company accounted for the largest share of all developmental activities undertaken in the CFRP market. It follows dynamic growth strategies, along with agreements, expansions, mergers & acquisitions, and new product developments to enhance its geographical presence, thereby increasing its customer base. The company’s diverse product portfolio, and technologically advanced R&D centers have also led to its innovation-driven growth and major share in the CFRP market.

Teijin Limited is another major player that has a strong foothold in the CFRP market. The company has a broad and diversified carbon fiber composites product portfolio, which ensures its consistent growth in the global CFRP market. The company is focused on both, organic and inorganic growth, and has enhanced its product portfolio by adopting various growth strategies, such as agreements, expansions, and new product developments to meet the growing demand from its customers. These strategies have helped the company to enhance its technical expertise and increase its global reach in the CFRP market.

Related Reports:

CF & CFRP Market by End-Use Industry (A&D, Wind Energy, Automotive, Sports, Civil Engineering, Pipe & Tank, Marine, Medical, E&E), Resin Type (Thermosetting, Thermoplastic), Manufacturing Process, Raw Material, and Region - Global Forecast to 2022

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