Global CF & CFRP Market Share and Growth Rate 2024: Dominated by Formosa Plastics Corp, Mitsubishi Chemical Holdings, SGL Carbon, Teijin, Toray Industries, Others

Databridgemarketresearch.com Adds “Global CF & CFRP Market Trends, Size, Type, Share, Outlook, Growth, Overview, Key Players and Forecast to 2024” To Its Research Database.

Competitive Analysis:

The global CF & CFRP market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Report Analysis:

The Global CF & CFRP Market accounted for USD 20.46 Billion in 2016 and is projected to grow at a CAGR of 10.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Report Definition:

Carbon fibers are characterized by advantages including high stiffness, compound resistance & rigidity, low weight & warm extension, high chemical resistance. CFRP is an extremely strong and light fiber-fortified plastic that contains carbon fibers. They are used in aviation, automotive, civil engineering, sports merchandise industries which require high quality, lightweight and rigid materials.

Top Key Players:

• Toray Industries Inc.
• TEIJIN LIMITED
• SGL Group
• Mitsubishi Chemical Holding Corporation
• Formosa Plastics Corporation

Major Market Drivers:

 Rising demand of fuel-efficient vehicles
 Growing usage of CF & CFRP in the airbus aircraft
 Concentrating on the electricity production from renewable sources

Restraints:

 Increasing cost of carbon fiber composites
 Inadequate production amalgamation

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Report Segmentation:

On the basis of raw material:

• Polyacrylonitrile (PAN-Based) Carbon Fibers
• Pitch-Based Carbon Fiber
• Rayon-Based Carbon Fiber

Polyacrylonitrile (PAN-Based) Carbon Fibers is sub segmented into tow size which is further sub- segmented into large tow and small tow.

On the basis of resin type:

• Thermosetting CFRP
• Thermoplastic CFRP

Thermosetting CFRP is sub segmented into epoxy, vinyl ester and polyester whereas, thermoplastic CFRP is sub segmented into polypropylene, polyethylene terephthalate and polyethylene.

On the basis of manufacturing process:

• Lay-Up
• Resin Transfer Molding
• Compression Molding
• Injection Molding
• Filament Winding
• Pultrusion Processes

On the basis of end users:

• Aerospace & Defense
• Automotive
• Wind Energy
• Civil Engineering
• Sporting Goods
• Medical
• Electrical & Electronics
• Marine And Pipe
• Tank

Aerospace & Defense is sub segmented into exterior parts and interior parts. Automotive is also sub segmented into exterior parts and interior parts. Wind Energy is sub segmented into wind blades.

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Research Methodology:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

This Report Consists of:

• No of pages: 350
• No of Figures: 60
• No of Tables: 220

Frequently Asked Questions:

• What will the market size be in 2024?
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• What are the challenges to market growth?
• Who are the key players in the market?
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• What will be the growth rate in 2024?
• Which strategies are used by top players in the Global CF & CFRP Market?

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