Press release
Global CF & CFRP Market is expected to grow at a CAGR of 12.5 Percent from 2023 to 2029.
Global CF & CFRP Market
The CF & CFRP Market Report provides comprehensive insights into the industry, covering market values, report scope, research methodology, drivers, restraints, and regional insights. The report emphasizes the wide utilization of CF and CFRPs in various industries like aerospace, automotive, rail transport, infrastructure, and renewable energy due to their lightweight characteristics and exceptional strength-to-weight ratios. It highlights the growing demand for CF and CFRPs in manufacturing aircraft components, wind turbine wings, and various structural elements, contributing to market expansion.
The report employs a rigorous research methodology, combining primary and secondary research to gather data for the CF & CFRP Market. The analysis includes the market size, growth rate, and regional dynamics at a global, regional, and country level. The report examines the impact of the COVID-19 pandemic on the CF & CFRP market, discussing the decline in demand for carbon fibers and composites due to reduced travel and limitations on activities.
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What are CF & CFRP Market Dynamics:
The CF & CFRP market is driven by the increasing adoption of these composites in the aerospace and defense industry, particularly in next-generation single-aisle regional aircraft. Additionally, the growing use of carbon fiber in 3D printing technology presents significant opportunities for market players.
The high cost of CF & CFRP materials is expected to restrain market growth, limiting their adoption in certain industries.
CF & CFRP Market Regional Insights:
North America led the global CF & CFRP market, with over 40 percent market share in 2022, driven by strong infrastructure in aerospace and defense. The region is expected to maintain its growth trend during the forecast period. Asia Pacific region is projected to grow at the highest CAGR of 13.8 percent, offering lucrative growth opportunities for CF & CFRP manufacturers and market players due to increasing urbanization, government expenditure on infrastructure projects, and investments in aviation, aerospace, defense, and renewable energy sectors.
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What is CF & CFRP Market Segmentation:
By Precursor Type:
PAN
Pitch
Rayon
By Source:
Virgin CF
Recycled CF
By Resin Type:
Thermosetting CFRP
Thermoplastic CFRP
By Manufacturing Process:
Lay-up
Compression Molding
Resin Transfer Molding
Filament Winding
Pultrusion
Injection Molding
Others
By End-Use Industry:
Aerospace & Defense
Wind Energy
Automotive & Transportation
Sporting Goods
Civil engineering
Pipes & Tanks
Marine
Medical
Electrical & Electronics
Others
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Who are CF & CFRP Market Key Players:
Toray Industries Inc., (Japan)
2. Teijin Limited (Japan)
3. Mitsubishi Chemical Corporation (Japan)
4. Hexcel Corporation (US)
5. Solvay (Belgium)
6. SGL Carbon (Germany)
7. Hyosung Advanced Materials (South Korea)
8. Zhongfu Shenying Carbon Co., Ltd. (China)
9. Kureha Corporation (Japan)
10. DowAksa (Turkey)
11. Jilin Chemical Fiber Group Co., Ltd. (China)
12. Jiangsu Hengshen Co., Ltd. (China)
13. Aeron Composite Pvt. Ltd. (India)
14. BGF Industries (United States)
15. Crosby Composite (United States)
16. Cytec Solvay Group (Belgium)
17. Formosa Plastics Corporation (Taiwan)
18. Gurit Holdings (Switzerland)
19. AG, HC Composite (China)
20. Hindustan Composite (India)
21. Kemrock Industries and Exports Ltd. (India)
22. Nippon Graphite Fiber Corporation (Japan)
23. Park Electrochemical Corporation (United States)
24. Plasan Carbon Composites (United States)
25. Royal DSM (Netherlands)
26. SK Chemicals (South Korea)
Table of content for the CF & CFRP Market includes:
Global CF & CFRP Market: Research Methodology
Global CF & CFRP Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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Global CF & CFRP Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global CF & CFRP Market Segmentation
Global Market, by Precursor Type (2022-2029)
Global Market, by Source (2022-2029)
Global Market, by Resin Type (2022-2029)
Global Market, by Manufacturing Process (2022-2029)
Global Market, by End-Use Industry (2022-2029)
Regional CF & CFRP Market (2021-2029)
Regional Market, by Precursor Type (2022-2029)
Regional Market, by Source (2022-2029)
Regional Market, by Resin Type (2022-2029)
Regional Market, by Manufacturing Process (2022-2029)
Regional Market, by End-Use Industry (2022-2029)
Regional Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Precursor Type, Source, Resin Type, Manufacturing Process End-Use Industry
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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