CF & CFRP Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Raw Material Type (Polyacrylonitrile (Pan), Pitch and Rayon), By Manufacturing Process (Lay-Up Process, Compression Moulding Process, Resin Transfer Moulding Process, Others), By End User (Aerospace & Defense, Automotive, Others), By Region and Competition 2018-2028

  • Industry : Chemicals
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD30.25 billion

CAGR (2023-2028)

5.62%

Fastest Growing Segment

Pitch

Largest Market

North America

 

Market Overview

Global CF & CFRP Market has valued at USD30.25 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.34% through 2028. Carbon Fiber (CF) and Carbon Fiber Reinforced Polymers (CFRPs) are extensively utilized in numerous industries, including aerospace, automotive, rail transport, infrastructure, and renewable energy. This is primarily due to their exceptional lightweight characteristics, which offer significant advantages in terms of performance and efficiency. CFRPs, comprised of carbon fiber embedded in a polymer matrix, exhibit remarkable strength-to-weight ratios, making them highly sought-after for a wide range of applications.

These advanced materials are particularly well-suited for applications that require superior strength, stiffness, reduced weight, and exceptional fatigue resistance. Compared to traditional materials like aluminum and steel, carbon fiber boasts approximately ten times higher specific strength, depending on the type of fiber utilized. As a result, CFRPs have been effectively employed in the aerospace, automotive, rail transport, marine, and wind energy sectors for over fifty years.

In the aerospace industry, CFRPs have played a pivotal role in the development of modern aircraft. Notably, the Airbus A350 and Boeing 787, which are the latest long-range aircraft, extensively incorporate CFRPs into their airframes, constituting more than 50% of the aircraft's overall weight. This integration significantly contributes to improved fuel efficiency and overall performance.

Similarly, in the automotive sector, carbon fibers offer significant advantages in reducing vehicle weight and enhancing performance, particularly in critical components such as body panels, roofs, and floor structures that require high stiffness. The use of carbon fiber composites in these areas not only reduces weight but also enhances the overall driving experience.

Moreover, the wind energy sector has also witnessed the benefits of carbon fiber. Carbon fibers possess a superior specific modulus compared to E-glass fibers, allowing for the production of longer and slimmer wind turbine blades. These aerodynamic improvements contribute to enhanced energy efficiency and power generation.

However, it is worth noting that the global CF and CFRP market has been significantly impacted by the COVID-19 pandemic. The decrease in air travel and sporting activities, as well as grounded commercial aircraft, has led to a decline in the demand for carbon fibers and their composites. This reduction in demand directly affected the aerospace industry, resulting in a substantial decrease in airplane orders and a subsequent decline in the global carbon fiber consumption.

Leading carbon fiber suppliers, such as Toray and Hexcel, have experienced a sharp decline in sales as a consequence of the pandemic. Despite these challenges, the long-term growth prospects for the CF and CFRP market remain promising, driven by the continuous demand for lightweight and high-performance materials across various industries.

Key Market Drivers

Growing Demand of CF & CFRP from Automotive Industry

The automotive industry is increasingly adopting carbon fiber (CF) and carbon fiber-reinforced polymer (CFRP) due to their unique properties. CF and CFRP are renowned for their exceptional high strength-to-weight ratio, corrosion resistance, and outstanding fatigue properties. These remarkable characteristics make them highly suitable for a wide range of applications within the automotive sector, including structural parts, body panels, and interior components.

Furthermore, CF and CFRP play a crucial role in the industry's relentless pursuit of lighter and more fuel-efficient vehicles. As automobile manufacturers strive to meet stringent emission standards and enhance fuel economy, the utilization of lightweight materials such as CF and CFRP has become increasingly prevalent.

The rise of electric vehicles (EVs) also contributes to the growing demand for CF and CFRP. With EVs aiming to maximize their range, lightweighting becomes even more critical. As a result, the use of CF and CFRP in EVs is projected to witness a significant surge, thereby further propelling the growth of the CF and CFRP market.

As the automotive industry continues to evolve towards more fuel-efficient and electric vehicles, the demand for CF and CFRP is expected to keep growing. Moreover, ongoing research and development activities are focused on further enhancing the properties of CF and CFRP while simultaneously reducing their production costs. These efforts have the potential to expand their application in the automotive sector, opening up new possibilities.

In conclusion, the growing demand for CF and CFRP from the automotive industry serves as a significant driver of the global CF and CFRP market. The unique properties of these materials, combined with the industry's shift towards more lightweight vehicles, continue to fuel this demand, shaping the future of automotive manufacturing.

Growing Demand of CF & CFRP from Construction Industry

In the construction industry, Carbon Fiber (CF) and Carbon Fiber Reinforced Polymer (CFRP) materials are gaining increasing popularity due to their unique properties. These materials are known for their exceptional high strength-to-weight ratio, remarkable resistance to environmental damage, and excellent durability. As a result, CF and CFRP are being used in a wide range of construction applications.

One of the significant advantages of CF and CFRP is their effectiveness in strengthening structures. These materials are often utilized for retrofitting and rehabilitating aging infrastructure, including bridges and buildings. Compared to traditional methods, CF and CFRP provide a cost-effective and time-efficient solution. Their application significantly extends the lifespan of these structures, ensuring the safety and functionality of critical infrastructure.

Moreover, the construction industry's growing focus on sustainability and resilience is driving the demand for CF and CFRP. These materials offer superior performance in terms of energy efficiency and resistance to natural disasters. For instance, CFRP exhibits exceptional earthquake resistance, outperforming conventional construction materials. As a result, it has become a preferred choice in seismic-prone areas, contributing to the overall resilience of the built environment.

Looking ahead, the demand for CF and CFRP in the construction industry is expected to continue its upward trajectory. Ongoing research and development efforts aimed at enhancing the properties of these materials and reducing their production costs are likely to further expand their use in the construction sector. The combination of increasing demand and technological advancements will drive the growth of the global CF and CFRP market.

In conclusion, the construction industry's growing demand for CF and CFRP is a significant driver of the global market. The exceptional properties of these materials, coupled with the industry's emphasis on sustainability and resilience, make them indispensable in modern construction practices. With the continuous advancement of CF and CFRP technology, we can expect these materials to play an increasingly vital role in shaping the future of the construction industry.


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Key Market Challenges

Limited Production Capacity of CF & CFRP

The manufacturing process of carbon fiber (CF) and carbon fiber-reinforced polymer (CFRP) is not only complex and time-consuming but also requires advanced technology and skilled labor. These factors contribute to the high pricing of CF and CFRP, which in turn limits their widespread use.

Moreover, the production of CF involves a series of chemical and thermal treatments, which often result in long production cycles. This lengthy process can create a bottleneck in the supply chain and restrict the ability to rapidly scale up production. As a result, there is a significant gap between the growing demand for CF and CFRP across industries such as automotive, aerospace, wind energy, and construction, and the limited production capacity available. This demand-supply gap can lead to price volatility and market uncertainty, presenting challenges for manufacturers and consumers alike.

Additionally, the production process of CF and CFRP is energy-intensive and generates substantial amounts of waste. In an era where sustainability and environmental protection are increasingly prioritized, these factors could further restrict the expansion of CF and CFRP production capacity.

In conclusion, although the limited production capacity of CF and CFRP presents a significant challenge for the global market, ongoing research and innovation hold the promise of overcoming this hurdle. As the industry continues to evolve, striking a balance between demand and sustainable, efficient production methods will be crucial for long-term success.

Key Market Trends

Increasing Advancements in Manufacturing Technology

Technological innovations are revolutionizing the manufacturing processes of Carbon Fiber (CF) and Carbon Fiber Reinforced Polymer (CFRP). These advancements not only enhance the properties of fibers and matrices but also improve the overall laminate properties, resulting in a superior quality product. This enhanced product is capable of meeting the diverse needs of industries such as automotive, aerospace, construction, and wind energy.

The relationship between process improvements and the increased adoption of CF and CFRP in applications, particularly in the aerospace industry, underscores the importance of continuous technological research. These advancements have the potential to accelerate market expansion on a global scale, leading to a more efficient and cost-effective production process.

Research and development efforts play a crucial role in facilitating these technological advancements. It is through these dedicated efforts that new and improved manufacturing techniques emerge, driving market growth and broadening the application scope of CF and CFRP.

One specific area of focus is the reduction of production cycle times. Given that the production of CF involves a series of intricate chemical and thermal treatments that can lead to long production cycles, advancements aimed at streamlining these processes could significantly boost production capacity, allowing for more efficient and timely manufacturing.

By continuously pushing the boundaries of technology and investing in research and development, the potential for further advancements in CF and CFRP manufacturing is vast. These advancements will not only meet the growing demands of various industries but also contribute to a more sustainable and innovative future.

Segmental Insights

Raw Material Type Insights

Based on the category of raw material type, the pitch segment emerged as the dominant player in the global market for CF & CFRP in 2022. Pitch-based carbon fiber is a versatile fibrous carbon material that can be derived from acrylic material or oil/coal pitch, and then undergoes a heat treatment process. This unique material offers numerous advantages compared to conventional metal materials. Not only is pitch-based carbon fiber lightweight, but it also exhibits higher stiffness, making it an ideal choice for applications where strength and durability are of utmost importance.

In addition to its lightweight and stiffness properties, pitch-based carbon fiber possesses several other remarkable characteristics. It has low thermal expansion, ensuring excellent dimensional stability even under extreme temperature variations. Moreover, it exhibits high thermal conductivity, allowing for efficient heat dissipation in electronic devices and other thermal management applications. The material also boasts excellent electrical conductivity, making it suitable for use in various electrical and electronic components. Furthermore, pitch-based carbon fiber offers low friction, reducing wear and tear in dynamic systems.

One of the notable advantages of pitch-based carbon fiber is its compatibility with different types of plastics and elastomers as a thermal conductive filler. This attribute makes it a valuable additive for improving thermal conductivity in various composite materials, enhancing their overall performance in terms of heat dissipation.

As the demand for effective thermal management continues to rise, pitch-based carbon fiber finds applications not only in satellite technology but also in electronic devices and other heat-sensitive systems. Its exceptional properties make it an indispensable material in the pursuit of efficient thermal control and enhanced performance.

End User Insights

The automotive segment is projected to experience rapid growth during the forecast period. Carbon fiber (CF) and carbon fiber reinforced polymer (CFRP) are revolutionary materials that are increasingly being used in the manufacturing of lightweight cars. These cars offer not only exceptional performance but also a touch of luxury, all at an economical price.

The market for CF and CFRP is experiencing remarkable growth, driven by the growing demand for vehicles that are lighter, safer, cleaner, and more cost-effective. These advanced materials find extensive use in various automotive components, including exterior body parts, hoods, bonnets, and test plates.

Furthermore, the rise in production of light commercial vehicles has significantly contributed to the expansion of the CF and CFRP market. According to the International Organization of Motor Vehicle Manufacturers, the global automobile production in 2019 reached a staggering 91,786,861 units, slightly lower than the 96,869,020 units produced in 2018. This increase in production on a global scale has played a pivotal role in driving the growth of the CF and CFRP market in terms of volume across the globe.

The utilization of CF and CFRP in the automotive industry is a testament to the industry's relentless pursuit of innovation, efficiency, and sustainability. As the demand for lightweight and high-performance vehicles continues to rise, CF and CFRP will play an integral role in shaping the future of the automotive industry.


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Regional Insights

North America emerged as the dominant player in the Global CF & CFRP Market in 2022, holding the largest market share in terms of value. The economy of North America is primarily influenced by the economic dynamics of countries like the United States and Canada. However, with the increasing foreign direct investment for the economic development of North America, the current scenario is undergoing significant changes. Countries within North America are experiencing remarkable growth in the aerospace and defense sector.

The United States, in particular, boasts one of the largest aerospace industries in terms of infrastructure and manufacturing activities. In 2018 alone, the exports of the aerospace industry accounted for a staggering USD 155 billion, creating a positive trade balance of USD 88 billion. This impressive growth can be attributed to the rising demand for commercial and military aircraft, as well as a substantial increase in defense spending.

As a result, the aerospace and defense industry is expected to witness significant growth in the forecast period. This growth will be driven by the continuous demand for aircraft and the ongoing expansion of defense budgets. With such developments, the aerospace and defense market in North America is poised for further expansion and prosperity.

Recent Developments

  • In December 2019, Solvay, a global leader in advanced materials and specialty chemicals, and SGL Carbon, a leading provider of carbon-based solutions, entered into a joint development agreement (JDA) to collaborate on the commercialization of composite materials. These materials are based on large-tow intermediate modulus (IM) carbon fiber, known for its exceptional strength and lightweight properties. By combining their expertise, Solvay, and SGL Carbon aim to introduce innovative solutions to the aerospace industry, further strengthening Solvay's position as a key player in this sector.
  • In July 2019, Teijin Limited, a multinational chemical and pharmaceutical company, made a strategic acquisition by acquiring Benet Automotive S.R.O., a renowned supplier of automotive components and composite materials. Benet Automotive is highly regarded for its expertise in providing high-end glass-fiber-reinforced and carbon-fiber-reinforced plastics, which are widely used in the automotive industry for their strength and durability. This acquisition not only expands Teijin's portfolio of advanced materials but also allows the company to penetrate deeper into the market by offering a comprehensive range of innovative solutions.
  • In July 2018, Toray Industries, Inc., a leading supplier of carbon fiber and composite materials, made a significant move by acquiring TenCate Advanced Composites Holding B.V., a prominent manufacturer of carbon fiber composites. This strategic acquisition enables Toray Industries to enter new markets, particularly in the defense and space sectors, by leveraging TenCate's expertise and capabilities. With a focus on innovation and product development, Toray Industries aims to introduce cutting-edge carbon fiber solutions that meet the demanding requirements of these industries.

Key Market Players

  • Teijin Limited
  • Mitsubishi Chemical Corporation
  • Hexcel Corporation
  • Solvay SA
  • Zhongfu Shenying Carbon Co., Ltd.
  • Kureha Corporation
  • Jilin Chemical Fiber Group Co., Ltd.
  • Jiangsu Hengshen Co., Ltd.
  • Aeron Composite Pvt. Ltd.
  • Nippon Graphite Fiber Corporation

 By Raw Material Type

By Manufacturing Process

By End User

By Region
  • Polyacrylonitrile (Pan)
  • Pitch
  • Rayon
  • Lay-Up Process
  • Compression Moulding Process
  • Resin Transfer Moulding Process
  • Others
  • Aerospace & Defense
  • Automotive
  • Others
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America
Report Scope:

In this report, the Global CF & CFRP Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • CF & CFRP Market, By Raw Material Type:

o   Polyacrylonitrile (Pan)

o   Pitch

o   Rayon

  • CF & CFRP Market, By Manufacturing Process:

o   Lay-Up Process

o   Compression Moulding Process

o   Resin Transfer Moulding Process

o   Others

  • CF & CFRP Market, By End User:

o   Aerospace & Defense

o   Automotive

o   Others

  • CF & CFRP Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global CF & CFRP Market.

Available Customizations:

Global CF & CFRP Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global CF & CFRP Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Global CF & CFRP Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value

4.2.  Market Share & Forecast

4.2.1.    By Raw Material Type (Polyacrylonitrile (Pan), Pitch and Rayon)

4.2.2.    By Manufacturing Process (Lay-Up Process, Compression Moulding Process, Resin Transfer Moulding Process, Others)

4.2.3.    By End User (Aerospace & Defense, Automotive, Others)

4.2.4.    By Region

4.2.5.    By Company (2022)

4.3.  Market Map

4.3.1.    By Raw Material Type

4.3.2.    By Manufacturing Process

4.3.3.    By End User

4.3.4.    By Region

5.    Asia Pacific CF & CFRP Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Raw Material Type

5.2.2.    By Manufacturing Process

5.2.3.    By End User

5.2.4.    By Country

5.3.  Asia Pacific: Country Analysis

5.3.1.    China CF & CFRP Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.           By Value

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.           By Raw Material Type

5.3.1.2.2.           By Manufacturing Process

5.3.1.2.3.           By End User

5.3.2.    India CF & CFRP Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.           By Value

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.           By Raw Material Type

5.3.2.2.2.           By Manufacturing Process

5.3.2.2.3.           By End User

5.3.3.    Australia CF & CFRP Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.           By Value

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.           By Raw Material Type

5.3.3.2.2.           By Manufacturing Process

5.3.3.2.3.           By End User

5.3.4.    Japan CF & CFRP Market Outlook

5.3.4.1.        Market Size & Forecast

5.3.4.1.1.           By Value

5.3.4.2.        Market Share & Forecast

5.3.4.2.1.           By Raw Material Type

5.3.4.2.2.           By Manufacturing Process

5.3.4.2.3.           By End User

5.3.5.    South Korea CF & CFRP Market Outlook

5.3.5.1.        Market Size & Forecast

5.3.5.1.1.           By Value

5.3.5.2.        Market Share & Forecast

5.3.5.2.1.           By Raw Material Type

5.3.5.2.2.           By Manufacturing Process

5.3.5.2.3.           By End User

6.    Europe CF & CFRP Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Raw Material Type

6.2.2.    By Manufacturing Process

6.2.3.    By End User

6.2.4.    By Country

6.3.  Europe: Country Analysis

6.3.1.    France CF & CFRP Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Raw Material Type

6.3.1.2.2.           By Manufacturing Process

6.3.1.2.3.           By End User

6.3.2.    Germany CF & CFRP Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Raw Material Type

6.3.2.2.2.           By Manufacturing Process

6.3.2.2.3.           By End User

6.3.3.    Spain CF & CFRP Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Raw Material Type

6.3.3.2.2.           By Manufacturing Process

6.3.3.2.3.           By End User

6.3.4.    Italy CF & CFRP Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Raw Material Type

6.3.4.2.2.           By Manufacturing Process

6.3.4.2.3.           By End User

6.3.5.    United Kingdom CF & CFRP Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Raw Material Type

6.3.5.2.2.           By Manufacturing Process

6.3.5.2.3.           By End User

7.    North America CF & CFRP Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Raw Material Type

7.2.2.    By Manufacturing Process

7.2.3.    By End User

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States CF & CFRP Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Raw Material Type

7.3.1.2.2.           By Manufacturing Process

7.3.1.2.3.           By End User

7.3.2.    Mexico CF & CFRP Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Raw Material Type

7.3.2.2.2.           By Manufacturing Process

7.3.2.2.3.           By End User

7.3.3.    Canada CF & CFRP Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Raw Material Type

7.3.3.2.2.           By Manufacturing Process

7.3.3.2.3.           By End User

8.    South America CF & CFRP Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Raw Material Type

8.2.2.    By Manufacturing Process

8.2.3.    By End User

8.2.4.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil CF & CFRP Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Raw Material Type

8.3.1.2.2.           By Manufacturing Process

8.3.1.2.3.           By End User

8.3.2.    Argentina CF & CFRP Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Raw Material Type

8.3.2.2.2.           By Manufacturing Process

8.3.2.2.3.           By End User

8.3.3.    Colombia CF & CFRP Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Raw Material Type

8.3.3.2.2.           By Manufacturing Process

8.3.3.2.3.           By End User

9.    Middle East and Africa CF & CFRP Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Raw Material Type

9.2.2.    By Manufacturing Process

9.2.3.    By End User

9.2.4.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa CF & CFRP Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Raw Material Type

9.3.1.2.2.           By Manufacturing Process

9.3.1.2.3.           By End User

9.3.2.    Saudi Arabia CF & CFRP Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Raw Material Type

9.3.2.2.2.           By Manufacturing Process

9.3.2.2.3.           By End User

9.3.3.    UAE CF & CFRP Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Raw Material Type

9.3.3.2.2.           By Manufacturing Process

9.3.3.2.3.           By End User

9.3.4.    Egypt CF & CFRP Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Raw Material Type

9.3.4.2.2.           By Manufacturing Process

9.3.4.2.3.           By End User

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Market Trends & Developments

11.1.             Recent Developments

11.2.             Product Launches

11.3.             Mergers & Acquisitions

12. Global CF & CFRP Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Product

14. Competitive Landscape

14.1.       Teijin Limited

14.1.1.         Business Overview

14.1.2.          Company Snapshot

14.1.3.          Products & Services

14.1.4.          Current Capacity Analysis

14.1.5.          Financials (In case of listed)

14.1.6.          Recent Developments

14.1.7.          SWOT Analysis

14.2.         Mitsubishi Chemical Corporation

14.3.         Hexcel Corporation

14.4.         Solvay SA

14.5.         Zhongfu Shenying Carbon Co., Ltd.

14.6.         Kureha Corporation

14.7.         Jilin Chemical Fiber Group Co., Ltd.

14.8.         Jiangsu Hengshen Co., Ltd.

14.9.         Aeron Composite Pvt. Ltd.

14.10.      Nippon Graphite Fiber Corporation

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global CF & CFRP Market was estimated to be USD30.25 billion in 2022.

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The pitch segment demonstrated significant dominance in 2022. Pitch is a relatively low-cost feedstock for CF production.

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North America dominated the market with a revenue share in 2022. This is due to the presence of a number of major industries that use CF and CFRP products, such as aerospace, automotive, and sporting goods.

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Growing demand of CF & CFRP in automotive and construction industries are the major drivers for the Global CF & CFRP Market.

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Business Consultant
Press Release

CF & CFRP Market to Grow with a CAGR of 5.62% through 2028

Oct, 2023

Increasing use of carbon fiber in 3D printing is expected to drive the Global CF & CFRP Market growth in the forecast period, 2024-2028.

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