Market Overview:
The global carbon fiber and CFRP market is expected to reach USD XX million by 2030, at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lightweight and high-performance materials in various applications. The global carbon fiber and CFRP market is segmented on the basis of type, application, and region. On the basis of type, it is divided into thermosetting CFRP and thermoplastic CFRP. Thermosetting CFRP dominates the market owing to its superior properties such as high stiffness-to-weight ratio, excellent thermal stability, good chemical resistance, etc., which make it suitable for use in critical applications such as aerospace & defense and wind energy. However, with advancements being made in thermoplastic composites technology that offer better mechanical properties as compared to thermosetting composites at lower costs; thermoplastic composites are expected to gain traction over the forecast period. On the basis of application, it is classified into aerospace & defense; wind energy; automotive; sporting goods; civil engineering; pipe & tank; marine ; electrical & electronics . Aerospace & defense sector accounts for a major share of this market due to stringent weight restrictions imposed by regulatory agencies across different countries coupled with rising demand for lightweight aircrafts/aircraft components.
Product Definition:
Carbon fiber is a material consisting of very thin fibers of carbon. It is extremely strong and stiff, and has a high resistance to fatigue. Carbon fiber composites are widely used in aircraft, boats, cars, sports equipment, and other applications where high strength and low weight are important.
Thermosetting CFRP:
Thermosetting CFRP, also known as thermosetting fiber composites or fiber-reinforced plastic is a resin-based material that possesses high strength and stiffness. Thermosetting CFRP consists of carbon fibers reinforced with polyester resin. The product was developed by DuPont for use in industrial applications such as protective clothing and automotive components.
Thermoplastic CFRP:
Thermoplastic CFRP, also known as TPCFP, is a thermoplastic composite fiber that consists of carbon fibers and polyester fibers. Thermoplastic CFRP has superior properties such as high strength-to-weight ratio and low density which makes it an ideal material for use in the automotive industry. The growing demand for lightweight vehicles to improve fuel efficiency is expected to drive the market over the forecast period.
Application Insights:
Aerospace & defense was the largest application segment in 2017 and is projected to maintain its lead over the forecast period. The product has a number of applications in this sector, including primary wing spars, leading and trailing edge panels for aircraft, fuselage frames for military aircraft, empennage (tail) components for both military and civilian aircraft. Carbon fiber reinforced plastic is also used extensively in critical pathfinder equipment such as compasses, altimeters and navigation computers on Mars rovers.
Carbon fiber composites are increasingly being utilized to manufacture sporting goods due to their high strength-to-weight ratio which makes them an ideal material for golf clubs, tennis racket handles as well as skiing poles. Moreover, these materials reduce greenhouses gas emissions during production owing to lower manufacturing costs compared with traditional plastics used previously such as polyurethane or polyethylene terephthalate (PET).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is likely to grow at a significant rate over the next eight years. This growth can be attributed to increasing demand from end-use industries, such as aerospace & defense, automotive, civil engineering, electrical & electronics industry.
The Asia Pacific economy has been growing on account of increasing foreign investments coupled with rising disposable income especially in developing countries such as China and India which are also major producers of carbon fiber reinforced plastics (CFRP). In addition, favorable government policies encouraging domestic manufacturing are anticipated to drive industrial production across this region.
North America emerged as one of the prominent consumers owing to high demand from wind energy application segment that contributed significantly toward regional growth followed by automotive industry due mainly expansion activities by major players including Ford Motors Company; General Motors Company; Tesla Inc.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Rising demand for carbon fiber composites in wind energy sector
- Growing popularity of carbon fiber reinforced plastics (CFRP) in construction industry
- Increasing use of CFRP in sporting goods and consumer electronics products
- Technological advancements that are making carbon fibers more affordable and easier to produce
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbon Fiber and CFRP Market Research Report
By Type
Thermosetting CFRP, Thermoplastic CFRP
By Application
Aerospace & Defense, Wind Energy, Automotive, Sporting Goods, Civil Engineering, Pipe & Tank, Marine, Electrical & Electronics
By Companies
Toray, Teijin, Mitsubishi Chemical Corporation, Kureha, Hexcel, Cytec, SGL Carbon, Formosa Plastics, Jilin Carbon, Jilin Qifeng Chemical Fiber, Jiangsu Hengshen Fiber Material, Fangda Carbon New Material, Kingfa, iyan High-tech Fibers, Jiaxing Sino-Dia Carbon Fibre
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Carbon Fiber and CFRP Market Report Segments:
The global Carbon Fiber and CFRP market is segmented on the basis of:
Types
Thermosetting CFRP, Thermoplastic CFRP
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace & Defense, Wind Energy, Automotive, Sporting Goods, Civil Engineering, Pipe & Tank, Marine, Electrical & Electronics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toray
- Teijin
- Mitsubishi Chemical Corporation
- Kureha
- Hexcel
- Cytec
- SGL Carbon
- Formosa Plastics
- Jilin Carbon
- Jilin Qifeng Chemical Fiber
- Jiangsu Hengshen Fiber Material
- Fangda Carbon New Material
- Kingfa
- iyan High-tech Fibers
- Jiaxing Sino-Dia Carbon Fibre
Highlights of The Carbon Fiber and CFRP Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermosetting CFRP
- Thermoplastic CFRP
- By Application:
- Aerospace & Defense
- Wind Energy
- Automotive
- Sporting Goods
- Civil Engineering
- Pipe & Tank
- Marine
- Electrical & Electronics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carbon Fiber and CFRP Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carbon fiber and CFRP are both materials made from carbon. Carbon fiber is a strong, lightweight material that can be used in a variety of applications, including aircrafts and racing cars. CFRP is a similar material but it has the ability to bend and curve without breaking.
Some of the major companies in the carbon fiber and cfrp market are Toray, Teijin, Mitsubishi Chemical Corporation, Kureha, Hexcel, Cytec, SGL Carbon, Formosa Plastics, Jilin Carbon, Jilin Qifeng Chemical Fiber, Jiangsu Hengshen Fiber Material, Fangda Carbon New Material, Kingfa, iyan High-tech Fibers, Jiaxing Sino-Dia Carbon Fibre.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Carbon Fiber and CFRP Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Carbon Fiber and CFRP Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Carbon Fiber and CFRP Market - Supply Chain
4.5. Global Carbon Fiber and CFRP Market Forecast
4.5.1. Carbon Fiber and CFRP Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Carbon Fiber and CFRP Market Size (000 Units) and Y-o-Y Growth
4.5.3. Carbon Fiber and CFRP Market Absolute $ Opportunity
5. Global Carbon Fiber and CFRP Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Carbon Fiber and CFRP Market Size and Volume Forecast by Type
5.3.1. Thermosetting CFRP
5.3.2. Thermoplastic CFRP
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Carbon Fiber and CFRP Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Carbon Fiber and CFRP Market Size and Volume Forecast by Application
6.3.1. Aerospace & Defense
6.3.2. Wind Energy
6.3.3. Automotive
6.3.4. Sporting Goods
6.3.5. Civil Engineering
6.3.6. Pipe & Tank
6.3.7. Marine
6.3.8. Electrical & Electronics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Carbon Fiber and CFRP Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Carbon Fiber and CFRP Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Carbon Fiber and CFRP Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Carbon Fiber and CFRP Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Carbon Fiber and CFRP Demand Share Forecast, 2019-2029
9. North America Carbon Fiber and CFRP Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Carbon Fiber and CFRP Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Carbon Fiber and CFRP Market Size and Volume Forecast by Application
9.4.1. Aerospace & Defense
9.4.2. Wind Energy
9.4.3. Automotive
9.4.4. Sporting Goods
9.4.5. Civil Engineering
9.4.6. Pipe & Tank
9.4.7. Marine
9.4.8. Electrical & Electronics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Carbon Fiber and CFRP Market Size and Volume Forecast by Type
9.7.1. Thermosetting CFRP
9.7.2. Thermoplastic CFRP
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Carbon Fiber and CFRP Demand Share Forecast, 2019-2029
10. Latin America Carbon Fiber and CFRP Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Carbon Fiber and CFRP Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Carbon Fiber and CFRP Market Size and Volume Forecast by Application
10.4.1. Aerospace & Defense
10.4.2. Wind Energy
10.4.3. Automotive
10.4.4. Sporting Goods
10.4.5. Civil Engineering
10.4.6. Pipe & Tank
10.4.7. Marine
10.4.8. Electrical & Electronics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Carbon Fiber and CFRP Market Size and Volume Forecast by Type
10.7.1. Thermosetting CFRP
10.7.2. Thermoplastic CFRP
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Carbon Fiber and CFRP Demand Share Forecast, 2019-2029
11. Europe Carbon Fiber and CFRP Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Carbon Fiber and CFRP Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Carbon Fiber and CFRP Market Size and Volume Forecast by Application
11.4.1. Aerospace & Defense
11.4.2. Wind Energy
11.4.3. Automotive
11.4.4. Sporting Goods
11.4.5. Civil Engineering
11.4.6. Pipe & Tank
11.4.7. Marine
11.4.8. Electrical & Electronics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Carbon Fiber and CFRP Market Size and Volume Forecast by Type
11.7.1. Thermosetting CFRP
1.7.2. Thermoplastic CFRP
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Carbon Fiber and CFRP Demand Share, 2019-2029
12. Asia Pacific Carbon Fiber and CFRP Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Carbon Fiber and CFRP Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Carbon Fiber and CFRP Market Size and Volume Forecast by Application
12.4.1. Aerospace & Defense
12.4.2. Wind Energy
12.4.3. Automotive
12.4.4. Sporting Goods
12.4.5. Civil Engineering
12.4.6. Pipe & Tank
12.4.7. Marine
12.4.8. Electrical & Electronics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Carbon Fiber and CFRP Market Size and Volume Forecast by Type
12.7.1. Thermosetting CFRP
12.7.2. Thermoplastic CFRP
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Carbon Fiber and CFRP Demand Share, 2019-2029
13. Middle East & Africa Carbon Fiber and CFRP Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Carbon Fiber and CFRP Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Carbon Fiber and CFRP Market Size and Volume Forecast by Application
13.4.1. Aerospace & Defense
13.4.2. Wind Energy
13.4.3. Automotive
13.4.4. Sporting Goods
13.4.5. Civil Engineering
13.4.6. Pipe & Tank
13.4.7. Marine
13.4.8. Electrical & Electronics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Carbon Fiber and CFRP Market Size and Volume Forecast by Type
13.7.1. Thermosetting CFRP
13.7.2. Thermoplastic CFRP
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Carbon Fiber and CFRP Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Carbon Fiber and CFRP Market: Market Share Analysis
14.2. Carbon Fiber and CFRP Distributors and Customers
14.3. Carbon Fiber and CFRP Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toray
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Teijin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi Chemical Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kureha
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hexcel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cytec
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SGL Carbon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Formosa Plastics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jilin Carbon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jilin Qifeng Chemical Fiber
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jiangsu Hengshen Fiber Material
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fangda Carbon New Material
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kingfa
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. iyan High-tech Fibers
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jiaxing Sino-Dia Carbon Fibre
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
