Carbon Fiber Reinforced Plastic (CFRP) Market 2020 Analysis by Global Manufacturers – Toray, Weihai Guangwei Composites, Mitsubishi Materials, SGL Group, Solvay, Teijin, SABIC, Hexcel

According to this study, over the next five years the Carbon Fiber Reinforced Plastic (CFRP) market will register a 11.4% CAGR in terms of revenue, the global market size will reach $ 21810 million by 2025, from $ 14140 million in 2019.

This report researches the worldwide Carbon Fiber Reinforced Plastic (CFRP) market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Carbon Fiber Reinforced Plastic (CFRP) breakdown data by manufacturers, region, type and application, also analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Carbon Fiber Reinforced Plastic (CFRP) Market: Toray, Weihai Guangwei Composites, Mitsubishi Materials, SGL Group, Solvay, Teijin, SABIC, Hexcel, Ensinger, DowAksa and others.

4/2/2018: Toray announces new out-of-autoclave CFRP technology

Toray Industries, Inc. (Chuo-ku, Tokyo) announced March 28 that it succeeded in developing a new fabrication technology for carbon fiber reinforced plastics (CFRP) that enables both improved dimensional accuracy and energy savings. Toray is working to mature this new technology and broadly deploy it for aircraft applications as well as the automobile and industry sectors.
CFRP is usually fabricated using an autoclave (high temperature and high pressure furnace) or an oven where prepreg (intermediate material in sheet form) is placed on a mold of predetermined shape and the resin in the prepreg is cured using heated air for fabrication. The conventional fabrication technology has disadvantage that requires long time for heating up and curing due to inefficient heat transfer of heated air and large heat capacity of the mold.

Aug. 23, 2017: Mitsubishi Chemical’s Carbon Fiber Reinforced Plastic (CFRP) Adopted for the Roof of the New Audi RS 5 Coupé

Mitsubishi Chemical Corporation (Headquarters: Chiyoda-ku, Tokyo; President: Hitoshi Ochi, hereinafter "MCC") announced that its carbon fiber composite material has been adopted for the high cycle press molded (Prepreg Compression Molding [PCM]) roof of the top model RS 5 Coupé in the Audi A5 series of premium sports coupe which were launched in June 2017 by the Audi Sport GmbH. The roof is made using the PCM method and delivered to Audi by Wethje Carbon Composites GmbH (hereinafter “Wethje”), a MCC Group company in Germany which manufactures carbon fiber reinforced plastic (CFRP) auto parts.

In line with the tightening of fuel efficiency regulations and carbon dioxide emission controls, interest in vehicle weight reduction has been growing in the automotive market of Europe and particularly Germany, and the trend of using car parts made of CFRP that combines high strength with lightweight is accelerating. Using PCM mass production molding technology for the CFRP material developed independently by MCC, the laminated prepreg material (sheet-shaped carbon fiber intermediate material impregnated with resin) is compressed and formed using a press. With a cycle time of about five minutes, it is possible to mass produce automotive components. In addition, as the surface of the molded part is extremely smooth, Class A paint coating is possible and it can also be used as for exterior panel parts. However, by further improving the method of construction this time, it is possible to form a roof having an outer layer, made of carbon fiber instead of being painted, which requires a very high level of quality.

Global Carbon Fiber Reinforced Plastic (CFRP) Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

Thermosetting CFRP
Thermoplastic CFRP

By type themosetting CFRP is the most commonly used type, with about 67.14% market share in 2019.

On the basis of Application, the market is segmented into:

Aerospace & Defense
Sports Goods
Automotive
Pressure Vessels
Construction & Civil Engineering
Marine
Electronic & Electric Parts
Others

Demand from the aerospace & defense industry accounts for the largest market share, being 31.12% in 2019.

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Regional Analysis For Carbon Fiber Reinforced Plastic (CFRP) Market:

For comprehensive understanding of market dynamics, the global Carbon Fiber Reinforced Plastic (CFRP) market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Carbon Fiber Reinforced Plastic (CFRP) Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2026.

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Carbon Fiber Reinforced Plastic (CFRP) Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.

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