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The Carbon Fiber Reinforced Plastics (CFRP) Market Size was valued at USD 17.10 Billion in 2023 and is expected to reach USD 32.80 Billion by 2032 and grow at a CAGR of 7.6% over the forecast period 2024-2032.
The Carbon Fiber Reinforced Plastics (CFRP) market has gained prominence across various industries due to its exceptional strength-to-weight ratio, durability, and resistance to corrosion. CFRP, which combines a polymer matrix with carbon reinforcements, offers superior mechanical properties compared to traditional materials like steel and aluminum. These attributes make CFRP indispensable in applications requiring weight savings without compromising strength, such as fuel-efficient automotive designs and lightweight aircraft manufacturing.
CFRP also plays a pivotal role in reducing embodied life-cycle emissions in construction, enhancing material efficiency and durability, and contributing to sustainable building practices. This aligns with the U.S. Department of Energy’s targets to cut greenhouse gas emissions from buildings by 65% by 2035 and 90% by 2050. Additionally, government initiatives, including tax incentives for electric vehicles (EVs) and renewable energy projects, are driving CFRP adoption.
The aerospace and defense sectors in the United States represent significant consumers of CFRP, leveraging its lightweight properties to improve fuel efficiency and performance. With its role in advancing green technologies and manufacturing, the CFRP market offers immense potential for innovation and growth.
KEY DRIVERS:
CFRP's Role in Revolutionizing Aerospace and Automotive Efficiency
CFRP boasts lightweight yet high-strength properties, making it beneficial in sectors such as the aerospace and automotive industries. Lowering the weight enhances the fuel efficiency and makes it even perform better, thereby making CFRP one of the most in-demand materials for aircraft structures and electric vehicles. Recent reports show that the growth curve of CFRP demand has been astonishing as it is observed to be 199,000 tons globally by the end of 2022. Aviation industries, where aircraft new models, Boeing 747 Dreamliner and Airbus A350, the demand will be more than 50% coming from CFRPs.
In addition, the need for environment-friendly substitutes has fueled intense development in the recycling technologies of CFRP. For instance, it is said that recycling a kilogram of carbon fiber can take an amount of energy as low as 38 MJ in this case, which is many times less than the amount required to produce fresh carbon fiber between 5 to 15 times more. This change contributes not only to better lifecycle efficiencies for CFRPs but also to better achievement of international sustainability objectives, especially in reducing CO₂ emissions.
RESTRAIN:
The challenge associated with recycling CFRP
The process of separating carbon fibers from resins during recycling becomes quite complicated to recover and reuse materials. Currently, only a very small percentage of CFRP products is recycled, thus generating tonnes and tonnes of waste and its concomitant environmental concerns. As sustainability becomes a hot issue, then the necessity of creating solutions in recycling and waste management from CFRP arises. The industries are put under pressure concerning investment into all new technologies and processes, but they come up as deterring factors for companies to adopt CFRP due to the cost and complexities of the processes involved in managing waste. Recycling Carbon Fiber fiber-reinforced plastics comes up with some significant challenges that challenge sustainability initiatives within the materials sector.
For example, it is estimated that 200,000 tons of carbon fiber-reinforced polymer waste is produced annually around the globe. This is a serious environmental issue. Carbon fiber-reinforced polymer recycling is still in its infancy stage. Estimates show that only about 5-10% of carbon fiber polymer wastes are currently processed for reuse. Up to 20 times more CO₂ is consumed in the production of virgin carbon fiber compared to the recycling processes. This gap presents an urgent need for robust recycling technologies to minimize the environmental footprint CFRP generates. The development of such advanced recycling technologies would likely be costly, with facilities capable of recycling CFRP estimated to range anywhere from USD 5 million to more than USD 20 million. Such costs might discourage firms from using significant amounts of CFRP despite its current use in various markets including lightweight applications and high-strength applications.
Carbon Fiber Reinforced Plastics Market Segment Analysis
BY MATERIAL TYPE
The PAN-based segment dominate the market, holding a substantial revenue share of 52% in 2023, and is anticipated to grow at the highest CAGR of 7.6% over the forecasted year 2024-2032. This leadership can be attributed to the superior mechanical properties and versatility of Polyacrylonitrile (PAN) fibers, which are essential for high-performance applications in aerospace, automotive, and sporting goods. Recent developments include the launch of new PAN-based carbon fibers by companies like Toray Industries, which introduced innovative products designed to improve energy efficiency in electric vehicles (EVs). In August 2023, the aerodynamic performance of carbon fiber-reinforced polymer (CFRP) cables against steel cables using computational fluid dynamics. The study underscored the potential of CFRP cables for bridge applications, which could reduce overall weight by up to 80% compared to traditional steel cables. However, it also highlighted the necessity for more research on their long-term stability under aerodynamic loads.
BY PRODUCT TYPE
The Thermosetting CFRP segment dominated the CFRP market, capturing a significant revenue share of 56% in 2023. This dominance mainly resulted from the material's favorable mechanical properties and thermal stability, ideal for high-performance applications in aerospace, automotive, and construction industries. The new thermosetting CFRP products especially from companies such as Hexcel and Toray Industries recently came out in the market with improved durability and even resistance to extreme environmental conditions.
The Thermoplastic CFRP segment is poised for significant growth, showcasing the fastest CAGR of 8.43% during the forecast period. Companies are investing quickly in thermoplastic resin systems for enhanced performance and shortening of the manufacturing cycle time. In the field of CFRP, for instance, Solvay has developed new kinds of thermoplastic resin systems that have driven away issues like excessive production costs, waste generation during the production process, etc.
Recently, Solvay formed a partnership with 9T Labs to develop carbon fiber-reinforced thermoplastic parts on a mass scale using a hybrid process combining 3D printing and compression molding. This technology will, therefore enable production of 100 to 10,000 parts per year thereby increasing efficiency and cost competitiveness in various applications, mainly in aerospace and automotive sectors.
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In 2023, the European region dominated the Carbon Fiber Reinforced Plastics (CFRP) market, capturing approximately 31% of the global market share. This leadership can be attributed to several key factors, including the robust aerospace and automotive industries, which have increasingly adopted CFRP due to its lightweight and high-strength properties. This significant presence was supported by a projected increase in the production of electric vehicles (EVs), with estimates suggesting that over 65% of new cars sold in Europe would be fully electric by 2030. Additionally, the automotive sector's revenue was expected to expand by about USD 1.5 trillion by the same year, driven by innovations like CFRP, which enhance vehicle performance and reduce weight.
In 2023, the Middle East & Africa region emerged as the fastest-growing market over the forecasted period. This growth can be associated with growing investments in infrastructure and aerospace projects especially from countries such as the United Arab Emirates and Saudi Arabia that are concentrating efforts on upgrading transport networks. For example, commitment to sustainable development in Dubai and an expansion of the country's aviation industry have been strong drivers behind the increased demand for lightweight high-performance materials including CFRP.
The Middle East & Africa region is expected to emerge as the fastest-growing market for Carbon Fiber Reinforced Plastics in 2023. The region was estimated to take a nearly 12% market share. The CFRP market in the region will exhibit exponential growth due to an extraordinary investment in ambitious infrastructure and aerospace projects from countries such as the UAE and Saudi Arabia.
Some of the major players in the Carbon Fiber Reinforced Plastics (CFRP) Market are:
DowAksa (DowAksa Torayca Carbon Fiber Prepreg, DowAksa ZOLAMID)
Cytec Solvay Group (Cytec MTM50 Carbon Fiber Prepreg, Cytec Hexcel Composites)
Toray Industries, Inc. (Torayca Carbon Fiber Prepreg, Toray Tenax Carbon Fiber)
SGL Group (SGL Carbon Fiber Prepreg, SGL Carbon Fiber Reinforced Composites)
Hexcel Corporation (Hexcel HexPly Carbon Fiber Prepreg, Hexcel IM7 Carbon Fiber)
Teijin Limited (Teijin T800 Carbon Fiber, Teijin Carbon Fiber Reinforced Composites)
Mitsubishi Rayon Co., Ltd. (Mitsubishi Rayon Carbon Fiber, Mitsubishi Rayon Carbon Fiber Reinforced Composites)
Hyosung Corporation (Hyosung Carbon Fiber, Hyosung Carbon Fiber Reinforced Composites)
Gurit Holding AG (Gurit GFRP Prepreg, Gurit Carbon Fiber Reinforced Composites)
Owens Corning (Owens Corning Carbon Fiber. Owens Corning Carbon Fiber Reinforced Composites)
Carbon Fiber Solutions (Carbon Fiber Solutions Prepreg, Carbon Fiber Solutions Composites)
Huntsman Corporation (Huntsman Carbon Fiber Prepreg, Huntsman Carbon Fiber Reinforced Composites)
SABIC (SABIC Carbon Fiber Reinforced Composites, SABIC Thermoplastic Composites)
BASF (BASF Carbon Fiber Reinforced Composites, BASF Thermoplastic Composites)
Airbus (Airbus Aircraft Components, Airbus Spacecraft Components)
Boeing (Boeing Aircraft Components, Boeing Aerospace Components)
General Electric (GE Aircraft Components, GE Wind Turbine Blades)
Toyota (Toyota Automotive Components, Toyota Electric Vehicle Components)
BMW (BMW Automotive Components, BMW Electric Vehicle Components)
Tesla (Tesla Automotive Components, Tesla Electric Vehicle Components)
In May 2024, BMW launched the 2025 M4 CS epitome of bettering automotive technology and efficiency but still proving it an utmost performance car. This is a more aggressive version of the M4 with upgraded features such as increased horsepower, aerodynamics, and lightweight parts from advanced materials such as carbon fiber. It speaks to making the car incredibly fast but maintaining every bit of BMW's reputation for performance while gaining efficiency.
In 2024, Toray Industries Inc. has introduced Torayca M46X carbon fiber, a new addition to the TORAYCA MX series, offering approximately 20% greater strength while preserving a high tensile modulus.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 17.10 Billion |
| Market Size by 2032 | US$ 32.80 Billion |
| CAGR | CAGR of 7.6 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Type (Thermosetting CFRP, Thermoplastic CFRP) • By Material Type (PAN-based, Pitch-based) • By Application Type (Automotive, Aerospace, Wind Turbines, Sport Equipment, Molding & Compounding, Construction, Pressure Vessels, Other) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | DowAksa, Cytec Solvay Group, Toray Industries, Inc., SGL Group, Hexcel Corporation, Teijin Limited, Mitsubishi Rayon Co., Ltd., Hyosung Corporation, Gurit Holding AG, Owens Corning, Carbon Fiber Solutions, Huntsman Corporation, SABIC, BASF, Airbus, Boeing, General Electric, Toyota, BMW, Tesla |
| Key Drivers | • CFRP's Role in Revolutionizing Aerospace and Automotive Efficiency • Revolutionizing CFRP Production: The Impact of Manufacturing Innovations |
| Restraints | • Challenges in Recycling CFRP: Overcoming Barriers to Sustainability |
Ans: The Carbon Fiber Reinforced Plastics (CFRP) Market is expected to grow at a CAGR of 7.6% during 2024-2032.
Ans: The Carbon Fiber Reinforced Plastics (CFRP) Market size was USD 17.10 billion in 2023 and is expected to Reach USD 32.80 billion by 2032.
Ans: The major growth factor of the Carbon Fiber Reinforced Plastics (CFRP) Market is the increasing demand for lightweight, high-strength materials in industries such as aerospace, automotive, and sports equipment.
Ans: Thermosetting CFRP dominated the Carbon Fiber Reinforced Plastics (CFRP) Market.
Ans: Europe dominated the Carbon Fiber Reinforced Plastics (CFRP) Market in 2023.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Demand-Supply Analysis
5.2 Adoption Rates
5.3 Fab Capacity Utilization (2023)
5.4 Exports and Imports
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Carbon Fiber Reinforced Plastics (CFRP) Market Segmentation, By Material Type
7.1 Chapter Overview
7.2 PAN-based
7.2.1 PAN-based Market Trends Analysis (2020-2032)
7.2.2 PAN-based Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Pitch-based
7.3.1 Pitch-based Market Trends Analysis (2020-2032)
7.3.2 Pitch-based Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Carbon Fiber Reinforced Plastics (CFRP) Market Segmentation, By Application Type
8.1 Chapter Overview
8.2 Aerospace
8.2.1 Aerospace Market Trends Analysis (2020-2032)
8.2.2 Aerospace Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Automotive
8.3.1 Automotive Market Trends Analysis (2020-2032)
8.3.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Wind Turbines
8.4.1 Wind Turbines Market Trends Analysis (2020-2032)
8.4.2 Wind Turbines Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Sport Equipment
8.5.1 Sport Equipment Market Trends Analysis (2020-2032)
8.5.2 Sport Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Molding & Compounding
8.6.1 Molding & Compounding Market Trends Analysis (2020-2032)
8.6.2 Molding & Compounding Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Construction
8.7.1 Construction Market Trends Analysis (2020-2032)
8.7.2 Construction Market Size Estimates and Forecasts to 2032 (USD Billion)
8.8 Pressure Vessels
8.8.1 Pressure Vessels Market Trends Analysis (2020-2032)
8.8.2 Pressure Vessels Market Size Estimates and Forecasts to 2032 (USD Billion)
8.9 Others
8.9.1 Others Market Trends Analysis (2020-2032)
8.9.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Carbon Fiber Reinforced Plastics (CFRP) Market Segmentation, By Product Type
9.1 Chapter Overview
9.2 Thermosetting CFRP
9.2.1 Thermosetting CFRP Market Trends Analysis (2020-2032)
9.2.2 Thermosetting CFRP Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Thermoplastic CFRP
9.3.1 Thermoplastic CFRP Market Trends Analysis (2020-2032)
9.3.2 Thermoplastic CFRP Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.4 North America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.2.5 North America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.6.2 USA Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.2.6.3 USA Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.7.2 Canada Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.2.7.3 Canada Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.2.8.3 Mexico Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.1.6.3 Poland Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.1.7.3 Romania Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.2.5 Western Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.2.6.3 Germany Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.7.2 France Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.2.7.3 France Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.2.8.3 UK Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.2.9.3 Italy Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.2.10.3 Spain Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.2.13.3 Austria Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.4.5 Asia Pacific Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.6.2 China Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.4.6.3 China Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.7.2 India Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.4.7.3 India Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.8.2 Japan Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.4.8.3 Japan Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.4.9.3 South Korea Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.4.10.3 Vietnam Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.4.11.3 Singapore Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.12.2 Australia Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.4.12.3 Australia Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type(2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.5.1.5 Middle East Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.5.1.6.3 UAE Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.4 Africa Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.5.2.5 Africa Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.4 Latin America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.6.5 Latin America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.6.6.3 Brazil Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.6.7.3 Argentina Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.6.8.3 Colombia Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Product Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Material Type (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Carbon Fiber Reinforced Plastics (CFRP) Market Estimates and Forecasts, By Application Type (2020-2032) (USD Billion)
11. Company Profiles
11.1 DowAksa
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Cytec Solvay Group
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Toray Industries, Inc.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 SGL Group
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Hexcel Corporation
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Teijin Limited
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Mitsubishi Rayon Co., Ltd.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Hyosung Corporation
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Gurit Holding AG
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Owens Corning
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
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MARKET SEGMENTATION
By Product Type
Thermosetting CFRP
Thermoplastic CFRP
By Material Type
PAN-based
Pitch-based
By Application Type
Automotive
Aerospace
Wind Turbines
Sport Equipment
Molding & Compounding
Construction
Pressure Vessels
Other
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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The Polybutylene Adipate Terephthalate Market size was valued at USD 1.72 billion in 2023 and is expected to grow to USD 4.61 billion by 2031 and grow at a CAGR of 12.95% over the forecast period of 2024-2031.
The Cotton Yarn Market size was valued at USD 81.95 Billion in 2023 and is expected to reach USD 117.69 Billion by 2032 and grow at a CAGR of 4.10% over the forecast period of 2024-2032.
The Fermentation Chemicals Market Size was valued at USD 74.50 billion in 2023 and is expected to reach USD 132.04 billion by 2032 and grow at a CAGR of 7.54% over the forecast period 2024-2032.
The Hydrogen Fluoride Gas Detection Market Size was valued at USD 783 Million in 2023 and is expected to reach USD 1267.8 Million by 2032 and grow at a CAGR of 5.5% over the forecast period 2024-2032.
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