Market Overview:
The global carbon fiber reinforced polypropylene market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The thermosetting type segment is expected to account for a major share of the global carbon fiber reinforced polypropylene market in 2018. However, the thermoplastics type segment is anticipated to register highest CAGR over the forecast period. The automotive application segment is expected to account for a significant share of the global carbon fiber reinforced polypropylene market in 2018. However, aviation and aerospace application segment is projected to register highest CAGR over the forecast period owing to increasing demand from commercial aircrafts and military aircrafts respectively. In terms of region, North America dominates the global carbon fiber reinforced polypropylene market followed by Europe and Asia Pacific respectively in 2018.
Product Definition:
The definition of Carbon Fiber Reinforced Polypropylene is a composite material made up of carbon fiber and polypropylene. The importance of Carbon Fiber Reinforced Polypropylene is that it is very strong and lightweight, making it a popular choice for products that need to be both durable and portable.
Thermosetting Type:
Thermosetting type is a resin that sets after being heated but before it is completely cooled. It has high heat resistance and good flow characteristics. Thermosetting polymers are usually compounded with other materials to improve specific properties or to obtain desired physical characteristics.
Thermoplastics Type:
Thermoplastics Type is a group of thermoplastics which can be heated and molded at temperatures above their melting points. Thermoplastics have high heat resistance, moldability, and low thermal conductivity.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Automobiles are increasingly being manufactured using carbon fiber reinforced polypropylene for weight reduction purposes, thereby improving fuel efficiency and overall performance of vehicles. Moreover, increasing demand for lightweight materials in automotive manufacturing has resulted in growing use of CFRPP owing to its light weight properties as compared to conventional plastics.
The aviation and aerospace industry is also anticipated to witness significant growth over the forecast period on account of rising demand from major markets including North America and Europe for aircraft components such as landing gear doors, leading & trailing edge panels, engine cowlings along with other ancillary components. Increasing use of CFRPP products not only reduces overall aircraft weight but also improves fuel efficiency by reducing consumption during take-off & landing operations coupled with improved passenger comfort during travel at high altitude levels (i.e., above 10,000 ft).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as rapid industrialization and urbanization along with increasing foreign investments. Growing automotive industry in these countries coupled with rising defense spending by major military alliances such as NATO is further anticipated to drive product demand over the next eight years.
The U.S., being a developed economy has witnessed high carbon fiber reinforced polypropylene (CFRP) production since past few years due to growing infrastructural developments along with automobiles demand from other industries for use in bridges construction etc.; which was not much affected by COVID-19 outbreak; however this may change at latter part of 2018 due to slowdown or halts in manufacturing operations etc.
Growth Factors:
- Increasing demand for lightweight and durable materials in automotive and aerospace industries
- Rising awareness about the benefits of CFRP over traditional materials
- Growing investments in research and development to improve the properties of CFRP
- Technological advancements that have made CFRP more affordable and accessible
- Rising demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbon Fiber Reinforced Polypropylene Market Research Report
By Type
Thermosetting Type, Thermoplastics Type
By Application
Automobiles, Aviation and Aerospace, Military Industry, Others
By Companies
Toray, Mitsubishi Rayon, Teijin, SGL, Hexcel, Solvay, Formosa Plastics Corporation, Nippon Carbon, DowAksa Advanced Composites Holdings, Hyosung Advanced
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Carbon Fiber Reinforced Polypropylene Market Report Segments:
The global Carbon Fiber Reinforced Polypropylene market is segmented on the basis of:
Types
Thermosetting Type, Thermoplastics Type
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
Automobiles, Aviation and Aerospace, Military Industry, Others
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
- Mitsubishi Rayon
- Teijin
- SGL
- Hexcel
- Solvay
- Formosa Plastics Corporation
- Nippon Carbon
- DowAksa Advanced Composites Holdings
- Hyosung Advanced
Highlights of The Carbon Fiber Reinforced Polypropylene 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 Type
- Thermoplastics Type
- By Application:
- Automobiles
- Aviation and Aerospace
- Military Industry
- Others
- 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 Reinforced Polypropylene 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 reinforced polypropylene is a composite material made up of carbon fiber and polypropylene. The carbon fiber helps to reinforce the plastic, making it stronger and more durable.
Some of the major players in the carbon fiber reinforced polypropylene market are Toray, Mitsubishi Rayon, Teijin, SGL, Hexcel, Solvay, Formosa Plastics Corporation, Nippon Carbon, DowAksa Advanced Composites Holdings, Hyosung Advanced.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carbon Fiber Reinforced Polypropylene Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carbon Fiber Reinforced Polypropylene Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carbon Fiber Reinforced Polypropylene Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carbon Fiber Reinforced Polypropylene Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carbon Fiber Reinforced Polypropylene Market Size & Forecast, 2020-2028
4.5.1 Carbon Fiber Reinforced Polypropylene Market Size and Y-o-Y Growth
4.5.2 Carbon Fiber Reinforced Polypropylene Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Thermosetting Type
5.2.2 Thermoplastics Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automobiles
6.2.2 Aviation and Aerospace
6.2.3 Military Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carbon Fiber Reinforced Polypropylene Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carbon Fiber Reinforced Polypropylene Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Thermosetting Type
9.6.2 Thermoplastics Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automobiles
9.10.2 Aviation and Aerospace
9.10.3 Military Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Thermosetting Type
10.6.2 Thermoplastics Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automobiles
10.10.2 Aviation and Aerospace
10.10.3 Military Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Thermosetting Type
11.6.2 Thermoplastics Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automobiles
11.10.2 Aviation and Aerospace
11.10.3 Military Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Thermosetting Type
12.6.2 Thermoplastics Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automobiles
12.10.2 Aviation and Aerospace
12.10.3 Military Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Thermosetting Type
13.6.2 Thermoplastics Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automobiles
13.10.2 Aviation and Aerospace
13.10.3 Military Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carbon Fiber Reinforced Polypropylene Market: Competitive Dashboard
14.2 Global Carbon Fiber Reinforced Polypropylene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toray
14.3.2 Mitsubishi Rayon
14.3.3 Teijin
14.3.4 SGL
14.3.5 Hexcel
14.3.6 Solvay
14.3.7 Formosa Plastics Corporation
14.3.8 Nippon Carbon
14.3.9 DowAksa Advanced Composites Holdings
14.3.10 Hyosung Advanced
