CF & CFRP Market Overview
Report Coverage
Key Takeaways
- North America dominates the CF & CFRP market owing to increasing demand from aerospace & defense sector.
- Increasing demand for lightweight and high strength material breaches will drive the growth of market in the forecast period
- High cost of CF & CFRP will hinder the growth of the market in the forecast period.
By Carbon fiber materials – Segment Analysis
By Resin Type – Segment Analysis
By Manufacturing Process – Segment Analysis
By Application – Segment Analysis
By End Use– Segment Analysis
Automotive sector has been the primary market for CF & CFRP in 2019 growing at CAGR of 12%. CF & CFRP are being used to manufacture lightweight cars for good performance and luxury at economical price. The key driver for growth of the market for CF & CFRP is the increasing need for lighter, safer, cleaner, and more cost-effective vehicles. Most common automotive components where CF & CFRP are used for exterior body parts, hoods, bonnets, and test plates. The growth of the CF & CFRP market can be attributed to the rise in production of light commercial vehicle. According to International Organization of Motor Vehicle Manufacturers the total production of automobile globally in the year 2019 was 91,786,861 units compare to 96,869,020 units in 2018. The increase in the global automobile production is a major factor leading to the growth of CF & CFRP market in terms of volume across the globe.
Geography – Segment Analysis
CF & CFRP Market Driver
Consolidation of aircraft manufacturers and high demand for next-generation, single-aisle aircrafts will drive the growth of the market
Increasing use of carbon fiber in 3D printing will drive the growth of market in the forecast period
CF & CFRP Market Challenges
High cost of CF & CFRP will hinder the growth of the market in the forecast period
Market Landscape
Acquisitions/Technology Launches /Product launches
- In July 2019, Teijin Limited has acquired Benet Automotive S.R.O., a leading automotive component and composite supplier. Benet is known for providing high end glass-fiber-reinforced and carbon-fiber-reinforced plastics. The acquisition will help the company to penetrate more into the market.
- In July 2018, Toray Industries, Inc., a supplier of carbon fiber and composite, acquired TenCate Advanced Composites Holding B.V. TenCate is a carbon fibre composite manufacturer. The acquisition will help the company to enter the defence and space market, by innovating new products related to carbon fiber.
LIST OF TABLES
1.Global CF Market By Raw Material Type Market 2023-2030 ($M)1.1 Pitch-Based Carbon Fiber Market 2023-2030 ($M) - Global Industry Research
1.2 Rayon-Based Carbon Fiber Market 2023-2030 ($M) - Global Industry Research
2.Global CFRP Market By Resin Type Market 2023-2030 ($M)
2.1 Thermosetting CFRP Market 2023-2030 ($M) - Global Industry Research
2.1.1 Epoxy Market 2023-2030 ($M)
2.1.2 Polyester Market 2023-2030 ($M)
2.1.3 Vinyl Ester Market 2023-2030 ($M)
2.2 Thermoplastic CFRP Market 2023-2030 ($M) - Global Industry Research
2.2.1 Polypropylene Market 2023-2030 ($M)
2.2.2 Polyethylene Market 2023-2030 ($M)
2.2.3 Polyethylene Terephthalate Market 2023-2030 ($M)
3.Global CFRP Market By Manufacturing Process Market 2023-2030 ($M)
3.1 Lay-Up Process Market 2023-2030 ($M) - Global Industry Research
3.2 Compression Molding Process Market 2023-2030 ($M) - Global Industry Research
3.3 Resin Transfer Molding Process Market 2023-2030 ($M) - Global Industry Research
3.4 Filament Winding Process Market 2023-2030 ($M) - Global Industry Research
3.5 Injection Molding Process Market 2023-2030 ($M) - Global Industry Research
3.6 Pultrusion Process Market 2023-2030 ($M) - Global Industry Research
4.Global CFRP Market By End-Use Industry Market 2023-2030 ($M)
4.1 Aerospace & Defense Market 2023-2030 ($M) - Global Industry Research
4.2 Wind Energy Market 2023-2030 ($M) - Global Industry Research
4.2.1 Wind Blades Market 2023-2030 ($M)
4.3 Automotive Market 2023-2030 ($M) - Global Industry Research
4.4 Sporting Goods Market 2023-2030 ($M) - Global Industry Research
4.5 Civil Engineering Market 2023-2030 ($M) - Global Industry Research
4.6 Pipe & Tank Market 2023-2030 ($M) - Global Industry Research
4.7 Marine Market 2023-2030 ($M) - Global Industry Research
4.8 Electrical & Electronics Market 2023-2030 ($M) - Global Industry Research
4.9 Medical Market 2023-2030 ($M) - Global Industry Research
5.Global CF Market By Raw Material Type Market 2023-2030 (Volume/Units)
5.1 Pitch-Based Carbon Fiber Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Rayon-Based Carbon Fiber Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global CFRP Market By Resin Type Market 2023-2030 (Volume/Units)
6.1 Thermosetting CFRP Market 2023-2030 (Volume/Units) - Global Industry Research
6.1.1 Epoxy Market 2023-2030 (Volume/Units)
6.1.2 Polyester Market 2023-2030 (Volume/Units)
6.1.3 Vinyl Ester Market 2023-2030 (Volume/Units)
6.2 Thermoplastic CFRP Market 2023-2030 (Volume/Units) - Global Industry Research
6.2.1 Polypropylene Market 2023-2030 (Volume/Units)
6.2.2 Polyethylene Market 2023-2030 (Volume/Units)
6.2.3 Polyethylene Terephthalate Market 2023-2030 (Volume/Units)
7.Global CFRP Market By Manufacturing Process Market 2023-2030 (Volume/Units)
7.1 Lay-Up Process Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Compression Molding Process Market 2023-2030 (Volume/Units) - Global Industry Research
7.3 Resin Transfer Molding Process Market 2023-2030 (Volume/Units) - Global Industry Research
7.4 Filament Winding Process Market 2023-2030 (Volume/Units) - Global Industry Research
7.5 Injection Molding Process Market 2023-2030 (Volume/Units) - Global Industry Research
7.6 Pultrusion Process Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global CFRP Market By End-Use Industry Market 2023-2030 (Volume/Units)
8.1 Aerospace & Defense Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Wind Energy Market 2023-2030 (Volume/Units) - Global Industry Research
8.2.1 Wind Blades Market 2023-2030 (Volume/Units)
8.3 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
8.4 Sporting Goods Market 2023-2030 (Volume/Units) - Global Industry Research
8.5 Civil Engineering Market 2023-2030 (Volume/Units) - Global Industry Research
8.6 Pipe & Tank Market 2023-2030 (Volume/Units) - Global Industry Research
8.7 Marine Market 2023-2030 (Volume/Units) - Global Industry Research
8.8 Electrical & Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
8.9 Medical Market 2023-2030 (Volume/Units) - Global Industry Research
9.North America CF Market By Raw Material Type Market 2023-2030 ($M)
9.1 Pitch-Based Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
9.2 Rayon-Based Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
10.North America CFRP Market By Resin Type Market 2023-2030 ($M)
10.1 Thermosetting CFRP Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Epoxy Market 2023-2030 ($M)
10.1.2 Polyester Market 2023-2030 ($M)
10.1.3 Vinyl Ester Market 2023-2030 ($M)
10.2 Thermoplastic CFRP Market 2023-2030 ($M) - Regional Industry Research
10.2.1 Polypropylene Market 2023-2030 ($M)
10.2.2 Polyethylene Market 2023-2030 ($M)
10.2.3 Polyethylene Terephthalate Market 2023-2030 ($M)
11.North America CFRP Market By Manufacturing Process Market 2023-2030 ($M)
11.1 Lay-Up Process Market 2023-2030 ($M) - Regional Industry Research
11.2 Compression Molding Process Market 2023-2030 ($M) - Regional Industry Research
11.3 Resin Transfer Molding Process Market 2023-2030 ($M) - Regional Industry Research
11.4 Filament Winding Process Market 2023-2030 ($M) - Regional Industry Research
11.5 Injection Molding Process Market 2023-2030 ($M) - Regional Industry Research
11.6 Pultrusion Process Market 2023-2030 ($M) - Regional Industry Research
12.North America CFRP Market By End-Use Industry Market 2023-2030 ($M)
12.1 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
12.2 Wind Energy Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Wind Blades Market 2023-2030 ($M)
12.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
12.4 Sporting Goods Market 2023-2030 ($M) - Regional Industry Research
12.5 Civil Engineering Market 2023-2030 ($M) - Regional Industry Research
12.6 Pipe & Tank Market 2023-2030 ($M) - Regional Industry Research
12.7 Marine Market 2023-2030 ($M) - Regional Industry Research
12.8 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
12.9 Medical Market 2023-2030 ($M) - Regional Industry Research
13.South America CF Market By Raw Material Type Market 2023-2030 ($M)
13.1 Pitch-Based Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
13.2 Rayon-Based Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
14.South America CFRP Market By Resin Type Market 2023-2030 ($M)
14.1 Thermosetting CFRP Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Epoxy Market 2023-2030 ($M)
14.1.2 Polyester Market 2023-2030 ($M)
14.1.3 Vinyl Ester Market 2023-2030 ($M)
14.2 Thermoplastic CFRP Market 2023-2030 ($M) - Regional Industry Research
14.2.1 Polypropylene Market 2023-2030 ($M)
14.2.2 Polyethylene Market 2023-2030 ($M)
14.2.3 Polyethylene Terephthalate Market 2023-2030 ($M)
15.South America CFRP Market By Manufacturing Process Market 2023-2030 ($M)
15.1 Lay-Up Process Market 2023-2030 ($M) - Regional Industry Research
15.2 Compression Molding Process Market 2023-2030 ($M) - Regional Industry Research
15.3 Resin Transfer Molding Process Market 2023-2030 ($M) - Regional Industry Research
15.4 Filament Winding Process Market 2023-2030 ($M) - Regional Industry Research
15.5 Injection Molding Process Market 2023-2030 ($M) - Regional Industry Research
15.6 Pultrusion Process Market 2023-2030 ($M) - Regional Industry Research
16.South America CFRP Market By End-Use Industry Market 2023-2030 ($M)
16.1 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
16.2 Wind Energy Market 2023-2030 ($M) - Regional Industry Research
16.2.1 Wind Blades Market 2023-2030 ($M)
16.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
16.4 Sporting Goods Market 2023-2030 ($M) - Regional Industry Research
16.5 Civil Engineering Market 2023-2030 ($M) - Regional Industry Research
16.6 Pipe & Tank Market 2023-2030 ($M) - Regional Industry Research
16.7 Marine Market 2023-2030 ($M) - Regional Industry Research
16.8 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
16.9 Medical Market 2023-2030 ($M) - Regional Industry Research
17.Europe CF Market By Raw Material Type Market 2023-2030 ($M)
17.1 Pitch-Based Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
17.2 Rayon-Based Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
18.Europe CFRP Market By Resin Type Market 2023-2030 ($M)
18.1 Thermosetting CFRP Market 2023-2030 ($M) - Regional Industry Research
18.1.1 Epoxy Market 2023-2030 ($M)
18.1.2 Polyester Market 2023-2030 ($M)
18.1.3 Vinyl Ester Market 2023-2030 ($M)
18.2 Thermoplastic CFRP Market 2023-2030 ($M) - Regional Industry Research
18.2.1 Polypropylene Market 2023-2030 ($M)
18.2.2 Polyethylene Market 2023-2030 ($M)
18.2.3 Polyethylene Terephthalate Market 2023-2030 ($M)
19.Europe CFRP Market By Manufacturing Process Market 2023-2030 ($M)
19.1 Lay-Up Process Market 2023-2030 ($M) - Regional Industry Research
19.2 Compression Molding Process Market 2023-2030 ($M) - Regional Industry Research
19.3 Resin Transfer Molding Process Market 2023-2030 ($M) - Regional Industry Research
19.4 Filament Winding Process Market 2023-2030 ($M) - Regional Industry Research
19.5 Injection Molding Process Market 2023-2030 ($M) - Regional Industry Research
19.6 Pultrusion Process Market 2023-2030 ($M) - Regional Industry Research
20.Europe CFRP Market By End-Use Industry Market 2023-2030 ($M)
20.1 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
20.2 Wind Energy Market 2023-2030 ($M) - Regional Industry Research
20.2.1 Wind Blades Market 2023-2030 ($M)
20.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
20.4 Sporting Goods Market 2023-2030 ($M) - Regional Industry Research
20.5 Civil Engineering Market 2023-2030 ($M) - Regional Industry Research
20.6 Pipe & Tank Market 2023-2030 ($M) - Regional Industry Research
20.7 Marine Market 2023-2030 ($M) - Regional Industry Research
20.8 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
20.9 Medical Market 2023-2030 ($M) - Regional Industry Research
21.APAC CF Market By Raw Material Type Market 2023-2030 ($M)
21.1 Pitch-Based Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
21.2 Rayon-Based Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
22.APAC CFRP Market By Resin Type Market 2023-2030 ($M)
22.1 Thermosetting CFRP Market 2023-2030 ($M) - Regional Industry Research
22.1.1 Epoxy Market 2023-2030 ($M)
22.1.2 Polyester Market 2023-2030 ($M)
22.1.3 Vinyl Ester Market 2023-2030 ($M)
22.2 Thermoplastic CFRP Market 2023-2030 ($M) - Regional Industry Research
22.2.1 Polypropylene Market 2023-2030 ($M)
22.2.2 Polyethylene Market 2023-2030 ($M)
22.2.3 Polyethylene Terephthalate Market 2023-2030 ($M)
23.APAC CFRP Market By Manufacturing Process Market 2023-2030 ($M)
23.1 Lay-Up Process Market 2023-2030 ($M) - Regional Industry Research
23.2 Compression Molding Process Market 2023-2030 ($M) - Regional Industry Research
23.3 Resin Transfer Molding Process Market 2023-2030 ($M) - Regional Industry Research
23.4 Filament Winding Process Market 2023-2030 ($M) - Regional Industry Research
23.5 Injection Molding Process Market 2023-2030 ($M) - Regional Industry Research
23.6 Pultrusion Process Market 2023-2030 ($M) - Regional Industry Research
24.APAC CFRP Market By End-Use Industry Market 2023-2030 ($M)
24.1 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
24.2 Wind Energy Market 2023-2030 ($M) - Regional Industry Research
24.2.1 Wind Blades Market 2023-2030 ($M)
24.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
24.4 Sporting Goods Market 2023-2030 ($M) - Regional Industry Research
24.5 Civil Engineering Market 2023-2030 ($M) - Regional Industry Research
24.6 Pipe & Tank Market 2023-2030 ($M) - Regional Industry Research
24.7 Marine Market 2023-2030 ($M) - Regional Industry Research
24.8 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
24.9 Medical Market 2023-2030 ($M) - Regional Industry Research
25.MENA CF Market By Raw Material Type Market 2023-2030 ($M)
25.1 Pitch-Based Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
25.2 Rayon-Based Carbon Fiber Market 2023-2030 ($M) - Regional Industry Research
26.MENA CFRP Market By Resin Type Market 2023-2030 ($M)
26.1 Thermosetting CFRP Market 2023-2030 ($M) - Regional Industry Research
26.1.1 Epoxy Market 2023-2030 ($M)
26.1.2 Polyester Market 2023-2030 ($M)
26.1.3 Vinyl Ester Market 2023-2030 ($M)
26.2 Thermoplastic CFRP Market 2023-2030 ($M) - Regional Industry Research
26.2.1 Polypropylene Market 2023-2030 ($M)
26.2.2 Polyethylene Market 2023-2030 ($M)
26.2.3 Polyethylene Terephthalate Market 2023-2030 ($M)
27.MENA CFRP Market By Manufacturing Process Market 2023-2030 ($M)
27.1 Lay-Up Process Market 2023-2030 ($M) - Regional Industry Research
27.2 Compression Molding Process Market 2023-2030 ($M) - Regional Industry Research
27.3 Resin Transfer Molding Process Market 2023-2030 ($M) - Regional Industry Research
27.4 Filament Winding Process Market 2023-2030 ($M) - Regional Industry Research
27.5 Injection Molding Process Market 2023-2030 ($M) - Regional Industry Research
27.6 Pultrusion Process Market 2023-2030 ($M) - Regional Industry Research
28.MENA CFRP Market By End-Use Industry Market 2023-2030 ($M)
28.1 Aerospace & Defense Market 2023-2030 ($M) - Regional Industry Research
28.2 Wind Energy Market 2023-2030 ($M) - Regional Industry Research
28.2.1 Wind Blades Market 2023-2030 ($M)
28.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
28.4 Sporting Goods Market 2023-2030 ($M) - Regional Industry Research
28.5 Civil Engineering Market 2023-2030 ($M) - Regional Industry Research
28.6 Pipe & Tank Market 2023-2030 ($M) - Regional Industry Research
28.7 Marine Market 2023-2030 ($M) - Regional Industry Research
28.8 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
28.9 Medical Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Cf & Cfrp Market Revenue, 2023-2030 ($M)2.Canada Cf & Cfrp Market Revenue, 2023-2030 ($M)
3.Mexico Cf & Cfrp Market Revenue, 2023-2030 ($M)
4.Brazil Cf & Cfrp Market Revenue, 2023-2030 ($M)
5.Argentina Cf & Cfrp Market Revenue, 2023-2030 ($M)
6.Peru Cf & Cfrp Market Revenue, 2023-2030 ($M)
7.Colombia Cf & Cfrp Market Revenue, 2023-2030 ($M)
8.Chile Cf & Cfrp Market Revenue, 2023-2030 ($M)
9.Rest of South America Cf & Cfrp Market Revenue, 2023-2030 ($M)
10.UK Cf & Cfrp Market Revenue, 2023-2030 ($M)
11.Germany Cf & Cfrp Market Revenue, 2023-2030 ($M)
12.France Cf & Cfrp Market Revenue, 2023-2030 ($M)
13.Italy Cf & Cfrp Market Revenue, 2023-2030 ($M)
14.Spain Cf & Cfrp Market Revenue, 2023-2030 ($M)
15.Rest of Europe Cf & Cfrp Market Revenue, 2023-2030 ($M)
16.China Cf & Cfrp Market Revenue, 2023-2030 ($M)
17.India Cf & Cfrp Market Revenue, 2023-2030 ($M)
18.Japan Cf & Cfrp Market Revenue, 2023-2030 ($M)
19.South Korea Cf & Cfrp Market Revenue, 2023-2030 ($M)
20.South Africa Cf & Cfrp Market Revenue, 2023-2030 ($M)
21.North America Cf & Cfrp By Application
22.South America Cf & Cfrp By Application
23.Europe Cf & Cfrp By Application
24.APAC Cf & Cfrp By Application
25.MENA Cf & Cfrp By Application
26.Toray Industries Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Teijin Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Mitsubishi Chemical Holdings Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.SGL Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Formosa Plastics Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Hexcel Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Hyosung, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Tencate, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Dowaksa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Cytec Solvay Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Taekwang Industrial Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Gurit Holdings AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Plasan Carbon Composites, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.SK Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Nippon Graphite Fiber Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Kemrock Industries & Exports Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Park Electrochemical Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.BGF Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Hindoostan Composite Solutions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Crosby Composites, Sales /Revenue, 2015-2018 ($Mn/$Bn)
46.Sigmatex Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
47.Royal DSM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
48.Zhongao Carbon, Sales /Revenue, 2015-2018 ($Mn/$Bn)
49.HC Composite, Sales /Revenue, 2015-2018 ($Mn/$Bn)
50.Aeron Composite Pvt. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)