Global CF and CFRP Market – Industry Trends and Forecast to 2026

  • Chemical and Materials
  • Upcoming Reports
  • Sep 2017
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global CF and CFRP Market By Raw Material (Polyacrylonitrile Carbon Fibers, Pitch-Based Carbon Fiber, Rayon-Based Carbon Fiber), Resin Type (Thermosetting CFRP, Thermoplastic CFRP), Manufacturing Process (Lay-Up, Resin Transfer Molding, Compression Molding, Injection Molding, Filament Winding, Pultrusion), End-User (Aerospace & Defence, Automotive, Wind Energy, Sporting Goods, Medical, Electronics, Marine), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global CF and CFRP Market

Global CF & CFRP market is expected to rise to an estimated value of USD 53.5 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. The rise in the market value can be attributed to the focus on production of electricity from renewable sources and increase in demand for fuel-efficient vehicles.

Market Definition: Global CF and CFRP Market

Carbon fibers are widely used due to their superior properties like high chemical resistance, low weight & warm extension, compound resistance & rigidity and high stiffness. On the other hand, CFRP is a fiber-fortified plastic that contains carbon fibers. They are light weighted and tough. Both are used in sports merchandise, civil engineering, automotive and aviation industries that require rigid, lightweighted and high quality materials.

Market Drivers:

  • Increased focus on production of electricity from renewable source; this factor will drive the market in the forecast period
  • Rising demand for fuel-efficient vehicles will also drive the market in near future
  • Increased use of CF and CFRP in Boeing and airbus aircraft will also act as a driver for the market
  • Growing demand from emerging markets will also help the market to grow in future

 Market Restraints:

  • High cost of carbon fiber composites; this factor will hamper the market to grow in near future
  • Insufficient production capacity, will act as a restraint for the market growth

Segmentation: Global CF and CFRP Market

By Raw Material

  • Polyacrylonitrile Carbon Fibers

    • Tow Size

      • Large Tow
      • Small Tow

  • Pitch-Based Carbon Fiber
  • Rayon-Based Carbon Fiber

By Resin Type

  • Thermosetting CFRP

    • Epoxy
    • Vinyl Ester
    • Polyester

  • Thermoplastic CFRP

By Manufacturing Process

  • Lay-Up
  • Resin Transfer Molding
  • Compression Molding
  • Injection Molding
  • Filament Winding
  • Pultrusion

By End-User

  • Aerospace & Defense
  • Automotive
  • Wind Energy
  • Sporting Goods
  • Medical
  • Electronics
  • Marine
  • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines

  • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In July 2019, Teijin Limited has acquired Benet Automotive S.R.O. (Benet), a leading automotive component and composite supplier. Benet is known for providing high end glass-fiber-reinforced and carbon-fibre-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

Competitive Analysis:

Global CF & CFRP market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of CF & CFRP market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the CF & CFRP market are Solvay SA, Hexcel Corporation, Gurit, Toray Industries Inc., TEIJIN LIMITED, SGL Group, Mitsubishi Chemical Holding Corporation, and Formosa Plastics Corporation among others.

Research Methodology: Global CF and CFRP Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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