Global Carbon Fiber Reinforced Plastic Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Carbon Fiber Reinforced Plastic Market is presumed to reach the market size of nearly USD 61.12 Billion by 2032 from USD 31.3 Billion in 2023 with a CAGR of 7.72% under the study period 2024-2032.

Carbon fiber reinforced plastic (CFRP) is a composite material that combines carbon fiber with plastic resin to create a lightweight yet extremely strong and rigid material. CFRP is known for its high strength-to-weight ratio, excellent stiffness, and resistance to corrosion and fatigue. It is commonly used in aerospace, automotive, and sports equipment industries due to its superior mechanical properties. The carbon fibers provide tensile strength, while the resin matrix binds the fibers together and transfers loads between them. This advanced material offers significant performance improvements over traditional materials, making it ideal for durable and lightweight applications.

MARKET DYNAMICS

The carbon fiber reinforced plastic market is driven by spurring demand for lightweight and high-performance materials across various industries, particularly aerospace and automotive. The need for fuel efficiency and performance enhancements in vehicles fuels the adoption of CFRP due to its exceptional strength-to-weight ratio. The aerospace sector benefits from CFRP's lightweight properties, contributing to fuel savings and improved aircraft performance. Technological advancements in manufacturing processes, such as automated fiber placement & resin infusion techniques, have lowered production costs and increased CFRP's accessibility. The growing emphasis on renewable energy technologies, including wind turbine blades, also presents significant opportunities for carbon fiber reinforced plastic applications. Expanding into consumer goods, such as high-end bicycles and sporting equipment, further drives market growth. Increasing investments in research and development for innovative CFRP solutions and sustainable production practices are expected to bolster the market further. However, high production costs & complex manufacturing processes may restrain carbon fiber reinforced plastic market growth.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Carbon Fiber Reinforced Plastic. The growth and trends of Carbon Fiber Reinforced Plastic industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Carbon Fiber Reinforced Plastic market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Material

PAN-based
Pitch-based

By Product

Thermosetting CFRP
Thermoplastic CFRP

By Application

Automotive
Aerospace
Wind Turbines
Sport Equipment
Molding & Compounding
Construction
Pressure Vessels
Other

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Carbon Fiber Reinforced Plastic market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Carbon Fiber Reinforced Plastic market include DowAksa, Cytec Solvay Group, Toray Industries Inc., SGL Group, Hexcel Corporation, Teijin Limited, Mitsubishi Rayon Co. Ltd., Hyosung Corporation, Gurit Holding AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11212311

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. CARBON FIBER REINFORCED PLASTIC - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Material
- 3.7.2 Market Attractiveness Analysis By Product
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL CARBON FIBER REINFORCED PLASTIC MARKET ANALYSIS BY MATERIAL

5.1. Overview By Material
5.2. Historical and Forecast Data Analysis By Material
5.3. PAN-based Historic and Forecast Sales By Regions
5.4. Pitch-based Historic and Forecast Sales By Regions

6. GLOBAL CARBON FIBER REINFORCED PLASTIC MARKET ANALYSIS BY PRODUCT

6.1. Overview By Product
6.2. Historical and Forecast Data Analysis By Product
6.3. Thermosetting CFRP Historic and Forecast Sales By Regions
6.4. Thermoplastic CFRP Historic and Forecast Sales By Regions

7. GLOBAL CARBON FIBER REINFORCED PLASTIC MARKET ANALYSIS BY APPLICATION

7.1. Overview By Application
7.2. Historical and Forecast Data Analysis By Application
7.3. Automotive Historic and Forecast Sales By Regions
7.4. Aerospace Historic and Forecast Sales By Regions
7.5. Wind Turbines Historic and Forecast Sales By Regions
7.6. Sport Equipment Historic and Forecast Sales By Regions
7.7. Molding & Compounding Historic and Forecast Sales By Regions
7.8. Construction Historic and Forecast Sales By Regions
7.9. Pressure Vessels Historic and Forecast Sales By Regions
7.10. Other Historic and Forecast Sales By Regions

8. GLOBAL CARBON FIBER REINFORCED PLASTIC MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE CARBON FIBER REINFORCED PLASTIC COMPANIES

9.1. Carbon Fiber Reinforced Plastic Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10. COMPANY PROFILES OF CARBON FIBER REINFORCED PLASTIC INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. DowAksa
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
10.4. Cytec Solvay Group
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
10.5. Toray Industries Inc.
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
10.6. SGL Group
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
10.7. Hexcel Corporation
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
10.8. Teijin Limited
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
10.9. Mitsubishi Rayon Co. Ltd.
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
10.10. Hyosung Corporation
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
10.11. Gurit Holding AG
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies