The global CFRP market size was valued at US$ 359.3 million in 2023. With growing demand in downstream market, the CFRP is forecast to a readjusted size of US$ 519 million by 2030 with a CAGR of 5.4% during review period.
The research report highlights the growth potential of the global CFRP market. CFRP are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of CFRP. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the CFRP market.
CFRP are composite materials made through infusion of a resin and a carbon fiber reinforcement. They offer high weight savings, increased tensile strength, fatigue resistance, impact resistance and durability which make them ideal for use in diversified industrial applications. CFRP products are increasingly substituting metals in various automotive applications, primarily to reduce fuel consumption. They are used in manufacturing of tennis racquets, aerospace & automotive components, protective helmets, blades for wind turbines, molding compounds, plates for building & construction and imaging equipment structures. These materials can be used as a chemical or water purifier owing to carbon being a powerful absorbent.
CFRP products offer higher weight saving and thus a better fuel economy than the traditional materials such as steel and aluminum. Vehicle manufacturers are obliged to reduce the average energy consumption of vehicles, and this goal can be met using lightweight products. In addition, increased demands for eco-friendly and low VOCs products in vehicles enhance the need for CFRP products in automotive industry.
Key Features:
The report on CFRP market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the CFRP market. It may include historical data, market segmentation by Type (e.g., Thermosetting, Thermoplastic), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the CFRP market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the CFRP market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the CFRP industry. This include advancements in CFRP technology, CFRP new entrants, CFRP new investment, and other innovations that are shaping the future of CFRP.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the CFRP market. It includes factors influencing customer ' purchasing decisions, preferences for CFRP product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the CFRP market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting CFRP market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the CFRP market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the CFRP industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the CFRP market.
Market Segmentation:
CFRP market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Thermosetting
Thermoplastic
Segmentation by application
Aerospace & Defense
Wind Turbines
Automotive
Sports Equipment
Building & Construction
Molding Compounds
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cytec Industries Inc.
DowAksa Advanced Composites Holdings B.V.
Formosa Plastics Corporation
Hexcel Corporation
Jiangsu Hengshen Fibre Material Co., Ltd.
Mitsubishi Rayon Co., Ltd
SGL Carbon SE
Teijin Limited.
Toray Industries, Inc.
Zhongfu Shenying Carbon Fiber Co., Ltd.
Key Questions Addressed in this Report
What is the 10-year outlook for the global CFRP market?
What factors are driving CFRP market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do CFRP market opportunities vary by end market size?
How does CFRP break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global CFRP Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for CFRP by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for CFRP by Country/Region, 2019, 2023 & 2030
2.2 CFRP Segment by Type
2.2.1 Thermosetting
2.2.2 Thermoplastic
2.3 CFRP Sales by Type
2.3.1 Global CFRP Sales Market Share by Type (2019-2024)
2.3.2 Global CFRP Revenue and Market Share by Type (2019-2024)
2.3.3 Global CFRP Sale Price by Type (2019-2024)
2.4 CFRP Segment by Application
2.4.1 Aerospace & Defense
2.4.2 Wind Turbines
2.4.3 Automotive
2.4.4 Sports Equipment
2.4.5 Building & Construction
2.4.6 Molding Compounds
2.4.7 Others
2.5 CFRP Sales by Application
2.5.1 Global CFRP Sale Market Share by Application (2019-2024)
2.5.2 Global CFRP Revenue and Market Share by Application (2019-2024)
2.5.3 Global CFRP Sale Price by Application (2019-2024)
3 Global CFRP by Company
3.1 Global CFRP Breakdown Data by Company
3.1.1 Global CFRP Annual Sales by Company (2019-2024)
3.1.2 Global CFRP Sales Market Share by Company (2019-2024)
3.2 Global CFRP Annual Revenue by Company (2019-2024)
3.2.1 Global CFRP Revenue by Company (2019-2024)
3.2.2 Global CFRP Revenue Market Share by Company (2019-2024)
3.3 Global CFRP Sale Price by Company
3.4 Key Manufacturers CFRP Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers CFRP Product Location Distribution
3.4.2 Players CFRP Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for CFRP by Geographic Region
4.1 World Historic CFRP Market Size by Geographic Region (2019-2024)
4.1.1 Global CFRP Annual Sales by Geographic Region (2019-2024)
4.1.2 Global CFRP Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic CFRP Market Size by Country/Region (2019-2024)
4.2.1 Global CFRP Annual Sales by Country/Region (2019-2024)
4.2.2 Global CFRP Annual Revenue by Country/Region (2019-2024)
4.3 Americas CFRP Sales Growth
4.4 APAC CFRP Sales Growth
4.5 Europe CFRP Sales Growth
4.6 Middle East & Africa CFRP Sales Growth
5 Americas
5.1 Americas CFRP Sales by Country
5.1.1 Americas CFRP Sales by Country (2019-2024)
5.1.2 Americas CFRP Revenue by Country (2019-2024)
5.2 Americas CFRP Sales by Type
5.3 Americas CFRP Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC CFRP Sales by Region
6.1.1 APAC CFRP Sales by Region (2019-2024)
6.1.2 APAC CFRP Revenue by Region (2019-2024)
6.2 APAC CFRP Sales by Type
6.3 APAC CFRP Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe CFRP by Country
7.1.1 Europe CFRP Sales by Country (2019-2024)
7.1.2 Europe CFRP Revenue by Country (2019-2024)
7.2 Europe CFRP Sales by Type
7.3 Europe CFRP Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa CFRP by Country
8.1.1 Middle East & Africa CFRP Sales by Country (2019-2024)
8.1.2 Middle East & Africa CFRP Revenue by Country (2019-2024)
8.2 Middle East & Africa CFRP Sales by Type
8.3 Middle East & Africa CFRP Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of CFRP
10.3 Manufacturing Process Analysis of CFRP
10.4 Industry Chain Structure of CFRP
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 CFRP Distributors
11.3 CFRP Customer
12 World Forecast Review for CFRP by Geographic Region
12.1 Global CFRP Market Size Forecast by Region
12.1.1 Global CFRP Forecast by Region (2025-2030)
12.1.2 Global CFRP Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global CFRP Forecast by Type
12.7 Global CFRP Forecast by Application
13 Key Players Analysis
13.1 Cytec Industries Inc.
13.1.1 Cytec Industries Inc. Company Information
13.1.2 Cytec Industries Inc. CFRP Product Portfolios and Specifications
13.1.3 Cytec Industries Inc. CFRP Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Cytec Industries Inc. Main Business Overview
13.1.5 Cytec Industries Inc. Latest Developments
13.2 DowAksa Advanced Composites Holdings B.V.
13.2.1 DowAksa Advanced Composites Holdings B.V. Company Information
13.2.2 DowAksa Advanced Composites Holdings B.V. CFRP Product Portfolios and Specifications
13.2.3 DowAksa Advanced Composites Holdings B.V. CFRP Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 DowAksa Advanced Composites Holdings B.V. Main Business Overview
13.2.5 DowAksa Advanced Composites Holdings B.V. Latest Developments
13.3 Formosa Plastics Corporation
13.3.1 Formosa Plastics Corporation Company Information
13.3.2 Formosa Plastics Corporation CFRP Product Portfolios and Specifications
13.3.3 Formosa Plastics Corporation CFRP Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Formosa Plastics Corporation Main Business Overview
13.3.5 Formosa Plastics Corporation Latest Developments
13.4 Hexcel Corporation
13.4.1 Hexcel Corporation Company Information
13.4.2 Hexcel Corporation CFRP Product Portfolios and Specifications
13.4.3 Hexcel Corporation CFRP Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Hexcel Corporation Main Business Overview
13.4.5 Hexcel Corporation Latest Developments
13.5 Jiangsu Hengshen Fibre Material Co., Ltd.
13.5.1 Jiangsu Hengshen Fibre Material Co., Ltd. Company Information
13.5.2 Jiangsu Hengshen Fibre Material Co., Ltd. CFRP Product Portfolios and Specifications
13.5.3 Jiangsu Hengshen Fibre Material Co., Ltd. CFRP Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Jiangsu Hengshen Fibre Material Co., Ltd. Main Business Overview
13.5.5 Jiangsu Hengshen Fibre Material Co., Ltd. Latest Developments
13.6 Mitsubishi Rayon Co., Ltd
13.6.1 Mitsubishi Rayon Co., Ltd Company Information
13.6.2 Mitsubishi Rayon Co., Ltd CFRP Product Portfolios and Specifications
13.6.3 Mitsubishi Rayon Co., Ltd CFRP Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Mitsubishi Rayon Co., Ltd Main Business Overview
13.6.5 Mitsubishi Rayon Co., Ltd Latest Developments
13.7 SGL Carbon SE
13.7.1 SGL Carbon SE Company Information
13.7.2 SGL Carbon SE CFRP Product Portfolios and Specifications
13.7.3 SGL Carbon SE CFRP Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 SGL Carbon SE Main Business Overview
13.7.5 SGL Carbon SE Latest Developments
13.8 Teijin Limited.
13.8.1 Teijin Limited. Company Information
13.8.2 Teijin Limited. CFRP Product Portfolios and Specifications
13.8.3 Teijin Limited. CFRP Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Teijin Limited. Main Business Overview
13.8.5 Teijin Limited. Latest Developments
13.9 Toray Industries, Inc.
13.9.1 Toray Industries, Inc. Company Information
13.9.2 Toray Industries, Inc. CFRP Product Portfolios and Specifications
13.9.3 Toray Industries, Inc. CFRP Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Toray Industries, Inc. Main Business Overview
13.9.5 Toray Industries, Inc. Latest Developments
13.10 Zhongfu Shenying Carbon Fiber Co., Ltd.
13.10.1 Zhongfu Shenying Carbon Fiber Co., Ltd. Company Information
13.10.2 Zhongfu Shenying Carbon Fiber Co., Ltd. CFRP Product Portfolios and Specifications
13.10.3 Zhongfu Shenying Carbon Fiber Co., Ltd. CFRP Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Zhongfu Shenying Carbon Fiber Co., Ltd. Main Business Overview
13.10.5 Zhongfu Shenying Carbon Fiber Co., Ltd. Latest Developments
14 Research Findings and Conclusion
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