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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

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

“Increasing demand for lightweight and high strength material breaches to drive the CF and CFRP market”
The global Carbon Fiber Reinforced Plastic (CFRP) market is projected to reach USD 37.19 billion by 2022, at a CAGR of 10.50% between 2017 and 2022. Major factors fueling the growth of the CFRP market are increasing use of carbon fiber composites in Boeing and Airbus aircraft, and rise in demand for lightweight vehicles to achieve fuel efficiency and production of electricity from renewables. The major restraint for growth of the CFRP market is high cost of carbon fiber. The price of automotive grade carbon fiber currently ranges between USD 8/lb and USD 15/lb. If this price is decreased to USD 5/lb -USD7/lb, then carbon fiber can be used for mass production of automobiles.

“Automotive is the fastest-growing end-use industry segment of the CFRP market”
Carbon fiber composites are being used to manufacture lightweight cars for good performance and luxury at economical price. Several key market players are responding to the needs and expectations of vehicle Original Equipment Manufacturers (OEMs), system suppliers, and customers. The key driver for growth of the market for carbon fiber composites is the increasing need for lighter, safer, cleaner, and more cost-effective vehicles. Most common automotive components where carbon fiber composites are used are exterior body parts, hoods, bonnets, and test plates. Additionally, several car companies, such as BMW (Germany), Audi (Germany), and GM (U.S.) have signed agreements with carbon fiber composite manufacturers to support low-cost carbon fiber composites manufacturing.

“Europe is the fastest-growing market for CFRP”
Europe is the fastest-growing market for CFRP, in terms of value and volume. High economic growth rate, rise in the number of manufacturing industries, increasing carbon fiber composites patents, new product developments, capacity expansions, and new plant establishments by various leading players are factors fueling the growth of the CFRP market in the region.

Germany leads the market for CFRP in Europe. Consumption of carbon fiber composites in Germany has grown exceptionally and is expected to witness growth in the future. The number of agreements and joint ventures between carbon fiber manufacturers and OEMs have helped to expand the CFRP business in wind energy, automotive, aerospace & defense, and other industries.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided in three categories, namely, by company type, by designation, and by region.
• By company type- Tier 1- 35%, Tier 2- 25%, and Tier 3- 40%
• By designation- C Level- 30%, Director Level- 25%, and Others- 35%
• By region- North America- 30%, Asia-Pacific- 30%, Europe- 25%, ME&A - 10%, and South America - 5%

The report also provides company profiles and competitive strategies adopted by major market players. Various key players profiled in the report are as follows:

• Toray Industries Inc. (Japan)
• Teijin Limited (Japan)
• Mitsubishi Rayon Co. Ltd. (Japan)
• SGL-Group (Germany)
• Formosa Plastics Corporation (Taiwan)
• Hexcel Corporation (U.S.)
• Hyosung (South Korea)
• Tencate (Netherlands)
• Dow-Aksa (Turkey)
• Cytec Industries Inc. (U.S.)
• Taekwang Industrial Co. ltd. (Korea)

Research Coverage:
This report covers the CFRP market on the basis of end-use industry, manufacturing process, resin type, and region, and the CF market on basis of raw material. It aims at estimating the market size and future growth potential across the abovementioned segments. Furthermore, the report also includes an in-depth competitive analysis of key players in the market, along with company profiles, DIVE analysis, recent developments, and key growth strategies.

Reasons to Buy the Report:
The report will help market leaders/new entrants in the following ways:
1. This report segments the CF and CFRP market comprehensively, and provides closest approximations of revenue numbers for the overall market and subsegments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market, and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand competitors and gain more insights to improve their position in the market. The competitive landscape section includes competitor ecosystem, new product developments, agreements, partnerships, and mergers & acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED IN THE REPORT
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • KEY INDUSTRY INSIGHTS
      • BREAKDOWN OF PRIMARY INTERVIEWS
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table CF MARKET SIZE (VOLUME & VALUE), 2015–2022
    • Table CFRP MARKET SIZE (VOLUME & VALUE), 2015–2022
  • PREMIUM INSIGHTS
    • SIGNIFICANT OPPORTUNITIES IN CFRP MARKET, 2017–2022
    • CFRP MARKET, BY RESIN TYPE
    • CFRP MARKET, BY END-USE INDUSTRY, AND REGION
    • CFRP MARKET, BY MANUFACTURING PROCESS
    • CFRP MARKET GROWTH, BY COUNTRY
    • CFRP MARKET SIZE, BY COUNTRY
    • CFRP MARKET SIZE, BY END-USE INDUSTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
        • Table COST STRUCTURE WITH CURRENT TECHNOLOGY, 2013
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • MACROECONOMIC OVERVIEW AND KEY TRENDS
    • INTRODUCTION
    • TRENDS AND FORECAST OF GDP
      • Table TRENDS AND FORECAST OF GDP, USD BILLION (2016–2022)
    • PER CAPITA GDP VS. PER CAPITA CFRP DEMAND
      • Table PER CAPITA GDP VS. PER CAPITA CFRP DEMAND, 2016
    • TRENDS OF AEROSPACE INDUSTRY
      • Table NUMBER OF NEW AIRPLANE DELIVERIES, BY REGION (2016)
    • TRENDS OF AUTOMOTIVE INDUSTRY
      • Table AUTOMOTIVE PRODUCTION, MILLION UNITS (2015–2016)
  • CF MARKET, BY RAW MATERIAL TYPE
    • INTRODUCTION
      • Table CF MARKET SIZE, BY RAW MATERIAL TYPE, 2015-2022 (USD MILLION)
      • Table CF MARKET SIZE, BY RAW MATERIAL TYPE, 2015-2022 (KILOTON)
    • POLYACRYLONITRILE (PAN-BASED) CARBON FIBERS
      • PAN-BASED CARBON FIBER, BY TOW SIZE
        • Table PAN-BASED CF MARKET SIZE, BY TOW SIZE, 2015-2022 (USD MILLION)
        • Table PAN-BASED CF MARKET SIZE, BY TOW SIZE, 2015-2022 (KILOTON)
    • PITCH-BASED CARBON FIBER
      • Table PITCH-BASED CF MARKET SIZE, BY TOW SIZE, 2015-2022 (USD MILLION)
      • Table PITCH-BASED CF MARKET SIZE, BY TOW SIZE, 2015-2022 (KILOTON)
    • RAYON-BASED CARBON FIBER
  • CFRP MARKET, BY RESIN TYPE
    • INTRODUCTION
      • Table CFRP MARKET SIZE, BY RESIN TYPE, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE, BY RESIN TYPE, 2015–2022 (KILOTON)
    • THERMOSETTING CFRP
      • EPOXY
      • POLYESTER
      • VINYL ESTER
      • OTHERS
        • Table THERMOSETTING CFRP MARKET SIZE, BY RESIN TYPE, 2015–2022 (USD MILLION)
        • Table THERMOSETTING CFRP MARKET SIZE, BY RESIN TYPE, 2015–2022 (KILOTON)
        • Table THERMOSETTING CFRP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
        • Table THERMOSETTING CFRP MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • THERMOPLASTIC CFRP
      • POLYPROPYLENE
      • POLYETHYLENE
      • POLYETHYLENE TEREPHTHALATE
      • OTHERS
        • Table THERMOPLASTIC CFRP MARKET SIZE, BY RESIN TYPE, 2015–2022 (USD MILLION)
        • Table THERMOPLASTIC CFRP MARKET SIZE, BY RESIN TYPE, 2015–2022 (KILOTON)
        • Table THERMOPLASTIC CFRP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
        • Table THERMOPLASTIC CFRP MARKET SIZE, BY REGION, 2015–2025 (KILOTON)
  • CFRP MARKET, BY MANUFACTURING PROCESS
    • INTRODUCTION
      • Table CFRP MARKET SIZE, BY MANUFACTURING PROCESS, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE, BY MANUFACTURING PROCESS, 2015–2022 (KILOTON)
    • LAY-UP PROCESS
      • Table LAY-UP PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table LAY-UP PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • COMPRESSION MOLDING PROCESS
      • Table COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • RESIN TRANSFER MOLDING PROCESS
      • Table RTM PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table RTM PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • FILAMENT WINDING PROCESS
      • Table FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table FILAMENT WINDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • INJECTION MOLDING PROCESS
      • Table INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • PULTRUSION PROCESS
      • Table PULTRUSION PROCESS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table PULTRUSION PROCESS MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • OTHER PROCESSES
      • Table OTHER PROCESSES MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table OTHER PROCESSES MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
  • CFRP MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table CFRP MARKET SIZE, BY END-USE INDUSTRY, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE, BY END-USE INDUSTRY, 2015–2022 (KILOTON)
    • AEROSPACE & DEFENSE
      • INTERIOR PARTS
      • EXTERIOR PARTS
        • Table DEMAND FOR AIRPLANES, BY REGION, 2014–2033
        • Table CFRP MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2015–2022 (USD MILLION)
        • Table CFRP MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2015–2022 (KILOTON)
        • Table CF USED IN AIRCRAFT, BY VOLUME, 1981–2014
    • WIND ENERGY
      • WIND BLADES
        • Table CFRP MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2015–2022 (USD MILLION)
        • Table CFRP MARKET SIZE IN WIND ENERGY END-USE INDUSTRY, BY REGION, 2015–2022 (KILOTON)
    • AUTOMOTIVE
      • INTERIOR PARTS
      • EXTERIOR PARTS
        • Table CFRP MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2015–2022 (USD MILLION)
        • Table CFRP MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2015–2022 (KILOTON)
    • SPORTING GOODS
      • Table CFRP MARKET SIZE IN SPORTING GOODS END-USE INDUSTRY, BY REGION, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE IN SPORTING GOODS END-USE INDUSTRY, BY REGION, 2015–2022 (KILOTON)
    • CIVIL ENGINEERING
      • Table CFRP MARKET SIZE IN CIVIL ENGINEERING END-USE INDUSTRY, BY REGION, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE IN CIVIL ENGINEERING END-USE INDUSTRY, BY REGION, 2015–2022 (KILOTON)
    • PIPE & TANK
      • Table CFRP MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE IN PIPES & TANKS END-USE INDUSTRY, BY REGION, 2015–2022 (KILOTON)
    • MARINE
      • Table CFRP MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE IN MARINE END-USE INDUSTRY, BY REGION, 2015–2022 (KILOTON)
    • ELECTRICAL & ELECTRONICS
      • Table CFRP MARKET SIZE IN ELECTRICAL & ELECTRONICS END-USE INDUSTRY, BY REGION, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE IN ELECTRICALS & ELECTRONICS END-USE INDUSTRY, BY REGION, 2015–2022 (KILOTON)
    • MEDICAL
      • Table CFRP MARKET SIZE IN MEDICAL END-USE INDUSTRY, BY REGION, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE IN MEDICAL END-USE INDUSTRY, BY REGION, 2015–2022 (KILOTON)
    • OTHER APPLICATIONS
      • Table CFRP MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2015–2022 (KILOTON)
  • CFRP MARKET, BY REGION
    • INTRODUCTION
      • Table CFRP MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table CFRP MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
    • NORTH AMERICA
      • Table NORTH AMERICA: CFRP MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: CFRP MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON)
      • CANADA
      • U.S.
      • MEXICO
    • EUROPE
      • Table EUROPE: CFRP MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table EUROPE: CFRP MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON)
      • GERMANY
      • FRANCE
      • U.K.
      • ITALY
      • SPAIN
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: CFRP MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table ASIA-PACIFIC: CFRP MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON)
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • TAIWAN
    • SOUTH AMERICA
      • Table SOUTH AMERICA: CFRP MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table SOUTH AMERICA: CFRP MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON)
      • BRAZIL
      • ARGENTINA
    • MIDDLE EAST & AFRICA (ME&A)
      • Table ME&A: CFRP MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table ME&A: CFRP MARKET SIZE, BY COUNTRY, 2015–2022 (KILOTON)
      • UAE
      • ISRAEL
      • SOUTH AFRICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
      • DYNAMIC
      • INNOVATORS
      • VANGUARDS
      • EMERGING
    • COMPETITIVE BENCHMARKING
    • PRODUCT OFFERINGS
    • BUSINESS STRATEGY
  • COMPANY PROFILES
    • TORAY INDUSTRIES INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • TEIJIN LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • MITSUBISHI CHEMICAL HOLDINGS CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • SGL GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • FORMOSA PLASTICS CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • HEXCEL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • HYOSUNG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • TENCATE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • DOWAKSA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • CYTEC SOLVAY GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • TAEKWANG INDUSTRIAL CO. LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • GURIT HOLDINGS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • PLASAN CARBON COMPOSITES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
    • SK CHEMICALS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
    • NIPPON GRAPHITE FIBER CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
    • KEMROCK INDUSTRIES AND EXPORTS LTD.
      • BUSINESS OVERVIEW
    • PARK ELECTROCHEMICAL CORPORATION
      • BUSINESS OVERVIEW
    • BGF INDUSTRIES
      • BUSINESS OVERVIEW
    • HINDOOSTAN COMPOSITE SOLUTIONS
      • BUSINESS OVERVIEW
    • CROSBY COMPOSITES
      • BUSINESS OVERVIEW
    • SIGMATEX LIMITED
      • BUSINESS OVERVIEW
    • ROYAL DSM
      • BUSINESS OVERVIEW
    • ZHONGAO CARBON
      • BUSINESS OVERVIEW
    • HC COMPOSITE
      • BUSINESS OVERVIEW
    • AERON COMPOSITE PVT. LTD.
      • BUSINESS OVERVIEW
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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