Global CF & CFRP Market size was valued at USD 32.8 Billion in 2022 and the total CF & CFRP revenue is expected to grow at a CAGR of 12.5% from 2023 to 2029, reaching nearly USD 74.81 Billion.
Market Overview:
This study’s purpose is to give an overview of the Global CF & CFRP market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Global CF & CFRP companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Global CF & CFRP market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Global CF & CFRP Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Global CF & CFRP Market Size from a worldwide standpoint, evaluating historical data and forecasts.
Market Dynamics:
Worldwide, the use of carbon fibre (CF) and carbon fibre reinforced polymer (CFRP) in aircraft construction, machinery, and components is expanding quickly. Because they have a better strength-to-weight ratio than conventional metals, CF and CFRP are in high demand. The market for CF and CFRP is expected to develop as a result of the growing demand for these composites in the production of aircraft parts such wings, elevators, ailerons, engine nacelles, vertical stabilisers, and floor beams.
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Market Scope:
The report also focuses on the leading industry players in the Global CF & CFRP market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
According to End-Use Industry, the aerospace and defence segment accounted for the greatest revenue share in 2022 and is anticipated to expand at a CAGR of 12.8% throughout the course of the forecast period. Ailerons, trim tabs, and rudders are just a few examples of secondary aircraft components where CF & CFRP composites are frequently used. In addition to having a high strength-to-weight ratio and a high stiffness-to-weight ratio, CFRPs have special mechanical qualities.
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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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Global CF & CFRP market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Global CF & CFRP industry.
1. 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)
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Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Global CF & CFRP market in these regions.
COVID-19 Impact Analysis on Global CF & CFRP Market
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Global CF & CFRP market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Global CF & CFRP Market Report are:
What will be the CAGR of the Global CF & CFRP market during the forecast period?
Which segment emerged as the leading segment in the Global CF & CFRP market?
Which are the prominent players in the Global CF & CFRP market?
What will be the Global CF & CFRP market size by 2027?
Which company held the largest share in the Global CF & CFRP market?
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