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CF & CFRP Market by Source (Virgin, Recycled), Precursor, Resin Type, Manufacturing Process (Lay-up,Compression Molding, Resin Transfer Molding, Filament Winding, Pultrusion, Injection Molding), End-Use Industry, and Region - Global Forecasts to 2028

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Date: 31-May-2023
No. of pages: 365
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“The virgin carbon fiber in by source type of CF market is projected to register the highest CAGR during the forecast period”

The CF market is projected to grow from USD 29.7 billion in 2022 to USD 60.3 billion by 2028, at a CAGR of 12.7% during the forecast period. Virgin carbon fiber is typically manufactured through a process called carbonization or pyrolysis. In this process, precursor materials, such as polyacrylonitrile (PAN), pitch, or rayon, are subjected to high temperatures in the absence of oxygen, causing the fibers to undergo chemical changes and carbonize. The resulting carbon fibers are then further processed and treated to enhance their properties. Virgin carbon fiber exhibits excellent mechanical properties, including high tensile strength, stiffness, and low weight. It offers a high strength-to-weight ratio, making it an ideal material for applications that require lightweight and strong components.

‘‘In terms of value, wind energy end-use industry accounted for the second largest share of the overall CFRP market’’

CFRP is commonly used in the construction of wind turbine blades due to its lightweight nature and high strength. CFRP composites allow for longer and lighter blades, enabling higher energy capture and improved efficiency. The unique properties of CFRP, including high stiffness and fatigue resistance, contribute to improved performance and durability of wind turbine blades. These materials can withstand the dynamic loads and vibrations experienced during operation, leading to reduced maintenance and increased lifespan. CFRP allows for the design and manufacturing of blades with complex shapes and airfoil profiles, optimizing aerodynamic efficiency. This results in increased power generation and improved energy conversion from wind to electricity.

“‘‘In terms of value, Pultrusion process of by manufacturing process segment expected to register second-highest CAGR during the forecast period’’

Based on manufacturing process type, the Pultrusion process is expected to register the second highest CAGR during the forecast period for the CFRP market. It is a continuous manufacturing process that involves pulling reinforcing fibers through a resin bath and then through a heated die to cure the resin, resulting in a continuous composite profile with a consistent cross-section. The pultrusion process offers several advantages in the CFRP market, including high production efficiency, precise control over fiber alignment, and the ability to produce continuous profiles with consistent properties. It is commonly used to manufacture CFRP profiles with constant cross-sections, such as rods, tubes, beams, and structural shapes, which find applications in construction, infrastructure, aerospace, automotive, and other industries.

“During the forecast period, the CFRP market in North America region is projected to register the second highest market share”

The CFRP market has been studied in North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. Europe accounted for the largest market share in 2022, whereas North America accounted for the second-largest market share in 2022, followed by Asia Pacific. The North American market will experience considerable growth in the next years because there has been an increasing demand for energy worldwide and North American region, which has driven the need for more efficient and durable CFRP materials. CFRP can help achieve these goals by reducing weight, improving corrosion resistance, and enhancing performance. In terms of developments, the CFRP industry is constantly evolving to meet changing market demands and regulatory requirements. For example, there is a growing demand for CFRP products in North America that are more environmentally sustainable and can help reduce carbon emissions. This has led to the development of new CFRP manufacturing processes and products, such as using recycled materials or producing lighter-weight materials that can improve fuel efficiency in vehicles.

This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:


  • By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%

  • By Designation- C Level- 50%, Director Level- 30%, and Others- 20%

  • By Region- North America- 15%, Europe- 50%, Asia Pacific (APAC) - 20%, Latin America-10%, Middle East & Africa (MEA)-5%


The report provides a comprehensive analysis of company profiles:

Prominent companies include Toray Industries Inc., (Japan), Teijin Limited (Japan), Mitsubishi Chemical Corporation (Japan), Hexcel Corporation (US), Solvay (Belgium), SGL Carbon (Germany), Hyosung Advanced Materials (South Korea), Zhongfu Shenying Carbon Co., Ltd. (China), among others.

 

 

 

Research Coverage

 

This research report categorizes the CF & CFRP by Source (Virgin, Recycled), Precursor (PAN, Pitch, Rayon), Resin (Thermosetting, Thermoplastic), Manfacturing Process (Lay-Up Process, RTM Process, Pultrusion Process, Filament Winding Process, Compression Molding Process, Injection Molding Process, Other Processes) End-use Industry (Aerospace & Defense, Wind Energy, Automotive & Transportation, Sports Goods, Pipes & Tanks, Medical, Electrical& Electronics, Civil Engineering, Others) & region (North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the CF & CFRP market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the CF & CFRP market. Competitive analysis of upcoming startups in the CF & CFRP market ecosystem is covered in this report.

Reasons to buy this report:

 

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall CF & CFRP market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:


  • Analysis of key drivers (Growing demand for manufacture of satellite parts, High demand from aerospace & defence industry), restraints (High cost of carbon fiber, Lack of Standards and Specifications), opportunities(Potential opportunities in new end-use industries, Growing demand from emerging economies), and challenges (Limited recycling options, Production of low cost CF &CFRP) influencing the growth of the CF & CFRP market

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the CF & CFRP market

  • Market Development: Comprehensive information about lucrative markets – the report analyses the CF & CFRP market across varied regions

  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the CF & CFRP market

  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Toray Industries Inc., (Japan), Teijin Limited (Japan), Mitsubishi Chemical Corporation (Japan), Hexcel Corporation (US), Solvay (Belgium), SGL Carbon (Germany), Hyosung Advanced Materials (South Korea), Zhongfu Shenying Carbon Co., Ltd. (China),,among others in the CF & CFRP market

CF & CFRP Market by Source (Virgin, Recycled), Precursor, Resin Type, Manufacturing Process (Lay-up,Compression Molding, Resin Transfer Molding, Filament Winding, Pultrusion, Injection Molding), End-Use Industry, and Region - Global Forecasts to 2028

Table Of Contents

1 Introduction 42
1.1 Study Objectives 42
1.2 Market Definition 42
1.2.1 Inclusions & Exclusions 43
1.3 Market Scope 43
Figure 1 Cf & CFRP Market Segmentation 43
1.3.1 Regions Covered 44
1.3.2 Years Considered 44
1.4 Currency Considered 45
1.5 Units Considered 45
1.6 Limitations 45
1.7 Stakeholders 45
1.8 Summary Of Changes 46
1.8.1 Impact Of Recession 46

2 Research Methodology 47
2.1 Research Approach 47
Figure 2 Cf & CFRP Market: Research Design 48
2.2 Base Number Calculation 49
2.2.1 Approach 1: Supply-Side Analysis 49
2.2.2 Approach 2: Demand-Side Approach 49
2.3 Impact Of Recession 50
2.4 Forecast Number Calculation 50
2.4.1 Supply Side 50
2.4.2 Demand Side 50
2.5 Research Data 51
2.5.1 Secondary Data 51
2.5.1.1 Key Data From Secondary Sources 51
2.5.2 Primary Data 51
2.5.2.1 Key Data From Primary Sources 52
2.5.2.2 Primary Interviews With Top Cf & CFRP Manufacturers 52
2.5.2.3 Breakdown Of Primary Interviews 53
2.5.2.4 Key Industry Insights 53
2.6 Market Size Estimation 54
2.6.1 Bottom-Up Approach 54
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach 54
2.6.2 Top-Down Approach 54
Figure 4 Top-Down Approach 54
2.7 Data Triangulation 55
Figure 5 Cf & CFRP Market: Data Triangulation 55
2.8 Factor Analysis 56
2.9 Assumptions 56
2.10 Market Growth Rate Assumptions/Growth Forecast 57
2.11 Limitations In Market Size Estimation 57
2.12 Risks Associated With Cf & CFRP Market 57

3 Executive Summary 58
Figure 6 Pan Precursor Segment Dominated Cf Market In 2022 59
Figure 7 Virgin Carbon Fiber Accounted For Larger Market Share In 2022 59
Figure 8 Thermosetting Resin Accounted For Larger Share In 2022 60
Figure 9 Lay-Up Manufacturing Process Segment Led Market In 2022 60
Figure 10 Aerospace & Defense Segment To Dominate CFRP Market Duringforecast Period, In Terms Of Value 61
Figure 11 Asia Pacific To Be Fastest-Growing CFRP Market Between 2023 And 2028, In Terms Of Value 62

4 Premium Insights 63
4.1 Attractive Opportunities In Cf & CFRP Market 63
Figure 12 High Demand From Aerospace & Defense And Wind Energy To Drivemarket 63
4.2 CFRP Market, By End-Use Industry And Region, 2022 63
Figure 13 Asia Pacific Accounted For Largest Share Of Global Market In 2022 63
4.3 Carbon Fiber Market, By Source, 2022 64
Figure 14 Virgin Carbon Fiber Dominated Market In 2022 64
4.4 Carbon Fiber Market, By Precursor Type 64
Figure 15 Pan Precursor Dominated Overall Market In 2022 64
4.5 CFRP Market, By Resin Type 64
Figure 16 Thermosetting Resin Accounted For Larger Share In 2022 64
4.6 CFRP Market, By Manufacturing Process 65
Figure 17 Pultrusion Process Accounted For Largest Share In 2022 65
4.7 CFRP Market, By End-Use Industry 65
Figure 18 Wind Energy Accounted For Highest Consumption Of CFRP In 2022 65
4.8 CFRP Market, By Key Countries 66
Figure 19 China To Register Highest Cagr During Forecast Period 66

5 Market Overview 67
5.1 Introduction 67
5.2 Market Dynamics 67
Figure 20 Drivers, Restraints, Opportunities, And Challenges In Cf & CFRP Market 67
5.2.1 Drivers 68
5.2.1.1 Rising Demand For Manufacture Of Satellite Parts 68
5.2.1.2 High Demand From Aerospace & Defense Industry 68
5.2.1.3 Stringent Eco-Friendly Regulations To Drive Adoption Ofcarbon Fiber And Related Composites In Automotive Applications 68
5.2.1.4 Rising Use In Wind Energy Industry 69
Table 1 New Wind Power Installations (Onshore), By Region (2022–2027) 70
5.2.2 Restraints 70
5.2.2.1 High Cost Of Carbon Fiber 70
5.2.2.2 Lack Of Standardization In Manufacturing Technologies 71
5.2.3 Opportunities 71
5.2.3.1 Increased Investments For Development Of Low-Cost Coal-Based Carbon Fibers 71
5.2.3.2 Potential Opportunities In New Applications 71
5.2.3.3 Increasing Demand For Fuel Cell Electric Vehicles (Fcevs) 71
Table 2 Number Of Fcevs, By Major Country/Region, 2021 72
5.2.3.4 Rising Use Of Cf & CFRP In 3d Printing 72
5.2.4 Challenges 72
5.2.4.1 Production Of Low-Cost Cf & CFRP 72
5.2.4.2 Capital-Intensive Production And Complex Manufacturing Process 73
5.3 Porter’s Five Forces Analysis 73
Figure 21 Cf & CFRP Market: Porter’s Five Forces Analysis 73
5.3.1 Bargaining Power Of Buyers 74
5.3.2 Bargaining Power Of Suppliers 74
5.3.3 Threat Of New Entrants 74
5.3.4 Threat Of Substitutes 74
5.3.5 Intensity Of Competitive Rivalry 75
Table 3 Cf & CFRP Market: Porter’s Five Forces Analysis 75
5.4 Supply Chain Analysis 76
Table 4 Cf & CFRP Market: Companies And Their Roles In Ecosystem 76
5.5 Pricing Analysis 77
5.5.1 Average Selling Price, By End-Use Industry (Key Players) 77
Figure 22 Average Selling Price Of Key Players By End-Use Industry (Usd/Kg) 77
5.6 Average Selling Price, By End-Use Industry 78
Figure 23 Average Selling Price, By End-Use Industry (Usd/Kg) 78
5.7 Average Selling Price, By Manufacturing Process 78
Figure 24 Average Selling Price Based On Manufacturing Process (Usd/Kg) 78
5.8 Average Selling Price, By Resin Type 79
Figure 25 Average Selling Price Based On Resin Type (Usd/Kg) 79
5.9 Average Selling Price Trends 79
Table 5 Carbon Fiber Reinforced Plastic Average Selling Price, By Region 79
5.10 Key Stakeholders And Buying Criteria 80
5.10.1 Key Stakeholders On Buying Process 80
Figure 26 Influence Of Stakeholders On Buying Process For Top Three Applications 80
Table 6 Influence Of Stakeholders On Buying Process For Top Three End-Use Industries 80
5.10.2 Buying Criteria 81
Figure 27 Key Buying Criteria For Top Three Applications 81
Table 7 Key Buying Criteria For Top Three End-Use Industries 81
5.11 Technology Analysis 81
5.12 Ecosystem: Cf & CFRP Market 83
5.13 Value Chain Analysis 84
5.13.1 Cf & CFRP Market: Value Chain Analysis 84
5.14 Case Study Analysis 85
5.15 Trends Impacting Customers’ Businesses 86
5.16 Key Markets For Import/Export 87
5.16.1 Japan 87
5.16.2 Us 87
5.16.3 Germany 87
5.16.4 Uk 87
5.16.5 France 87
5.16.6 China 87
5.17 Tariffs And Regulations 88
5.17.1 Regulatory Bodies, Government Agencies, And Other Organizations 88
Table 8 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations 88
5.17.2 Standards In Cf & CFRP Market 89
Table 9 Current Standard Codes For Automotive Composites 89
Table 10 Current Standard Codes For Construction Composites 90
5.18 Key Conferences & Events In 2023–2024 91
Table 11 Cf & CFRP Market: Detailed List Of Conferences & Events Related To Cf &CFRP Market And Related Markets 91
5.19 Patent Analysis 93
5.19.1 Introduction 93
5.19.2 Methodology 93
5.19.3 Document Type 93
Figure 28 Patents Registered For Cf & CFRP, 2011–2023 93
Figure 29 Patent Publication Trends, 2011–2023 94
5.19.4 Jurisdiction Analysis 94
Figure 30 China Accounts For Highest Number Of Patents Registered 94
5.19.5 Top Companies/Applicants 95
Figure 31 Boeing Registered Highest Number Of Patents From 2011 To 2023 95
Table 12 List Of Patents By Boeing 95
Table 13 List Of Patents By Toray Industries, Inc. 96
Table 14 List Of Patents By Mitsubishi Heavy Industries, Ltd. 97
5.19.6 Top 10 Patent Owners (Us) In Last 13 Years 97

6 Carbon Fiber Market, By Source Type 98
6.1 Introduction 99
Figure 32 Virgin Carbon Fiber Segment Dominates Overall Carbon Fiber Market 99
Table 15 Carbon Fiber Market, By Source, 2018–2022 (Kiloton) 99
Table 16 Carbon Fiber Market, By Source, 2018–2022 (Usd Million) 99
Table 17 Carbon Fiber Market, By Source, 2023–2028 (Kiloton) 100
Table 18 Carbon Fiber Market, By Source, 2023–2028 (Usd Million) 100
6.2 Virgin Carbon Fiber 100
6.2.1 Virgin Carbon Fiber Offers Better Thermal And Mechanical Properties 100
Figure 33 Europe Expected To Lead Virgin Carbon Fiber Market 100
Table 19 Virgin Carbon Fiber Market, By Region, 2018–2022 (Kiloton) 101
Table 20 Virgin Carbon Fiber Market, By Region, 2018–2022 (Usd Million) 101
Table 21 Virgin Carbon Fiber Market, By Region, 2023–2028 (Kiloton) 101
Table 22 Virgin Carbon Fiber Market, By Region, 2023–2028 (Usd Million) 102
6.3 Recycled Carbon Fiber 102
6.3.1 Sustainability Leading Demand For Recycled Carbon Fiber 102
Figure 34 North America Recycled Carbon Fiber Market To Grow At Highest Cagr During Forecast Period 102
Table 23 Recycled Carbon Fiber Market, By Region, 2018–2022 (Kiloton) 103
Table 24 Recycled Carbon Fiber Market, By Region, 2018–2022 (Usd Million) 103
Table 25 Recycled Carbon Fiber Market, By Region, 2023–2028 (Kiloton) 103
Table 26 Recycled Carbon Fiber Market, By Region, 2023–2028 (Usd Million) 104

7 Carbon Fiber Market, By Precursor Type 105
7.1 Introduction 106
Figure 35 Pan Precursor Type Segment To Dominate Cf Market 106
Table 27 Cf Market, By Precursor Type, 2018–2022 (Kiloton) 106
Table 28 Cf Market, By Precursor Type, 2018–2022 (Usd Million) 106
Table 29 Cf Market, By Precursor Type, 2023–2028 (Kiloton) 107
Table 30 Cf Market, By Precursor Type, 2023–2028 (Usd Million) 107
7.2 Polyacrylonitrile (Pan-Based) Carbon Fibers 107
7.2.1 Pan-Based Carbon Fiber, By Tow Size 107
7.2.1.1 Small Tow (<24k) 107
7.2.1.1.1 Small Tow Carbon Fiber Finds Major Applications In Aerospace Industry 107
7.2.1.2 Large Tow (>24k) 108
7.2.1.2.1 Wind Energy Major Application Of Large Tow Carbon Fiber 108
Table 31 Pan-Based Cf Market, By Tow Size, 2018–2022 (Kiloton) 108
Table 32 Pan-Based Cf Market, By Tow Size, 2018–2022 (Usd Million) 108
Table 33 Pan-Based Cf Market, By Tow Size, 2023–2028 (Kiloton) 108
Table 34 Pan-Based Cf Market, By Tow Size, 2023–2028 (Usd Million) 108
7.3 Pitch-Based Carbon Fiber 109
Table 35 Pitch-Based Cf Market, By Tow Size, 2018–2022 (Kiloton) 109
Table 36 Pitch-Based Cf Market, By Tow Size, 2018–2022 (Usd Million) 109
Table 37 Pitch-Based Cf Market, By Tow Size, 2023–2028 (Kiloton) 109
Table 38 Pitch-Based Cf Market, By Tow Size, 2023–2028 (Usd Million) 110
7.4 Rayon-Based Carbon Fiber 110

8 CFRP Market, By Resin Type 111
8.1 Introduction 112
Figure 36 Thermosetting Segment To Lead CFRP Market During Forecast Period 112
Table 39 CFRP Market, By Resin Type, 2018–2022 (Kiloton) 112
Table 40 CFRP Market, By Resin Type, 2018–2022 (Usd Million) 112
Table 41 CFRP Market, By Resin Type, 2023–2028 (Kiloton) 113
Table 42 CFRP Market, By Resin Type, 2023–2028 (Usd Million) 113
8.2 Thermosetting CFRP 113
8.2.1 Liquid State At Room Temperature Enables Impregnation Of Reinforcing Fiber 113
8.2.2 Thermosetting CFRP Market, By Resin Type 113
Table 43 Thermosetting CFRP Market, By Resin Type, 2018–2022 (Kiloton) 113
Table 44 Thermosetting CFRP Market, By Resin Type, 2018–2022 (Usd Million) 114
Table 45 Thermosetting CFRP Market, By Resin Type, 2023–2028 (Kiloton) 114
Table 46 Thermosetting CFRP Market, By Resin Type, 2023–2028 (Usd Million) 114
8.2.3 Epoxy 115
8.2.3.1 Increasing Demand For Epoxy Resin From High-End Applications Such As Aerospace & Defense And Automotive & Transportation 115
8.2.4 Vinyl Ester 115
8.2.4.1 Applications In Transportation, Marine, And Pipes & Tanks Industries 115
8.2.5 Polyester 115
8.2.5.1 Cost-Competitive Resin Having High Strength, High Rigidity, Low Temperature Impact Resistance, And Good Electrical Properties 115
8.2.6 Other Thermosetting Resins 115
Figure 37 North America To Lead Thermosetting CFRP Market, 2023–2028 116
8.2.7 Thermosetting CFRP Market, By Region 116
Table 47 Thermosetting CFRP Market, By Region, 2018–2022 (Kiloton) 116
Table 48 Thermosetting CFRP Market, By Region, 2018–2022 (Usd Million) 116
Table 49 Thermosetting CFRP Market, By Region, 2023–2028 (Kiloton) 117
Table 50 Thermosetting CFRP Market, By Region, 2023–2028 (Usd Million) 117
8.3 Thermoplastic CFRP 117
8.3.1 Asia Pacific To Be Fastest-Growing Market For Ecr-Glass 117
8.3.2 Resin Type 118
Table 51 Thermoplastic CFRP Market, By Resin Type, 2018–2022 (Kiloton) 118
Table 52 Thermoplastic CFRP Market, By Resin Type, 2018–2022 (Usd Million) 118
Table 53 Thermoplastic CFRP Market, By Resin Type, 2023–2028 (Kiloton) 118
Table 54 Thermoplastic CFRP Market, By Resin Type, 2023–2028 (Usd Million) 119
8.3.3 Polyetheretherketone (Peek) 119
8.3.3.1 Extensive Use In Aerospace & Defense Applications 119
8.3.4 Polyamide (Pa) 119
8.3.4.1 Resistance To Wear, Heat, And Chemicals, And Good Friction 119
8.3.5 Polypropylene (Pp) 119
8.3.5.1 Significant Demand In Automotive Applications 119
8.3.6 Other Thermoplastics 120
Figure 38 North America To Lead Thermoplastic CFRP Market, 2023–2028 120
8.3.7 Thermoplastic CFRP Market, By Region 120
Table 55 Thermoplastic CFRP Market, By Region, 2018–2022 (Kiloton) 120
Table 56 Thermoplastic CFRP Market, By Region, 2018–2022 (Usd Million) 121
Table 57 Thermoplastic CFRP Market, By Region, 2023–2028 (Kiloton) 121
Table 58 Thermoplastic CFRP Market, By Region, 2023–2028 (Usd Million) 121

9 CFRP Market, By Manufacturing Process 122
9.1 Introduction 123
Figure 39 Filament Winding Process Segment To Witness Highest Cagr During Forecast Period 123
Table 59 CFRP Market, By Manufacturing Process, 2018–2022 (Kiloton) 124
Table 60 CFRP Market, By Manufacturing Process, 2018–2022 (Usd Million) 124
Table 61 CFRP Market, By Manufacturing Process, 2023–2028 (Kiloton) 125
Table 62 CFRP Market, By Manufacturing Process, 2023–2028 (Usd Million) 125
9.2 Lay-Up Process 126
9.2.1 Ability To Provide Superior Strength And Weight To Lead To High Demand 126
Figure 40 North America To Dominate Market For Lay-Up Process Segment 126
9.2.2 Lay-Up Process Market, By Region 126
Table 63 Lay-Up Process Market, By Region, 2018–2022 (Kiloton) 126
Table 64 Lay-Up Process Market, By Region, 2018–2022 (Usd Million) 127
Table 65 Lay-Up Process Market, By Region, 2023–2028 (Kiloton) 127
Table 66 Lay-Up Process Market, By Region, 2023–2028 (Usd Million) 127
9.3 Compression Molding Process 128
9.3.1 Short Cycle Time And High Production Rate To Drive Demand 128
Figure 41 Europe To Lead Market For Compression Molding Process Segment 128
9.3.2 Compression Molding Process Market, By Region 128
Table 67 Compression Molding Process Market, By Region, 2018–2022 (Kiloton) 128
Table 68 Compression Molding Process Market, By Region, 2018–2022 (Usd Million) 129
Table 69 Compression Molding Process Market, By Region, 2023–2028 (Kiloton) 129
Table 70 Compression Molding Process Market, By Region, 2023–2028 (Usd Million) 129
9.4 Resin Transfer Molding (Rtm) Process 130
9.4.1 Increased Compression, High Glass-To-Resin And Outstanding Strength-To-Weight Ratios To Drive Demand In Automotive, Civil Engineering, And Aerospace Industries 130
Figure 42 North America To Lead Market For Rtm Process Segment 130
9.4.2 Resin Transfer Molding (Rtm) Market, By Region 130
Table 71 Rtm Process Market, By Region, 2018–2022 (Kiloton) 130
Table 72 Rtm Process Market, By Region, 2018–2022 (Usd Million) 131
Table 73 Rtm Process Market, By Region, 2023–2028 (Kiloton) 131
Table 74 Rtm Process Market, By Region, 2023–2028 (Usd Million) 131
9.5 Filament Winding Process 132
9.5.1 Automated Process Enables Highly Engineered Structures Such As High-Pressure Co2 Tanks & Bottles, Light Poles, And Construction Materials 132
Figure 43 North America Fastest-Growing Market For Filament Winding Process 132
9.5.2 Filament Winding Process Market, By Region 132
Table 75 Filament Winding Process Market, By Region, 2018–2022 (Kiloton) 132
Table 76 Filament Winding Process Market, By Region, 2018–2022 (Usd Million) 133
Table 77 Filament Winding Process Market, By Region, 2023–2028 (Kiloton) 133
Table 78 Filament Winding Process Market, By Region, 2023–2028 (Usd Million) 133
9.6 Injection Molding Process 134
9.6.1 Low-Cost Tooling Economical For Low Production Volumes Or Large-Sized Components Such As Vehicle Bumpers, Electrical Equipment Panels, And Others 134
Figure 44 Europe To Be Largest Market For Injection Molding Process Segment 134
9.6.2 Injection Molding Process Market, By Region 134
Table 79 Injection Molding Process Market, By Region, 2018–2022 (Kiloton) 134
Table 80 Injection Molding Process Market, By Region, 2018–2022 (Usd Million) 135
Table 81 Injection Molding Process Market, By Region, 2023–2028 (Kiloton) 135
Table 82 Injection Molding Process Market, By Region, 2023–2028 (Usd Million) 135
9.7 Pultrusion Process 136
9.7.1 Provides Firm Structures For Applications Such As Door & Window Frames, Rails & Fences, And Bridges 136
Figure 45 Asia Pacific To Be Fastest-Growing Market For Pultrusion Process Segment 136
9.7.2 Pultrusion Process Market, By Region 136
Table 83 Pultrusion Process Market, By Region, 2018–2022 (Kiloton) 136
Table 84 Pultrusion Process Market, By Region, 2018–2022 (Usd Million) 137
Table 85 Pultrusion Process Market, By Region, 2023–2028 (Kiloton) 137
Table 86 Pultrusion Process Market, By Region, 2023–2028 (Usd Million) 137
9.8 Other Manufacturing Processes 138
9.8.1 Other Manufacturing Processes Market, By Region 138
Table 87 Other P Manufacturing Processes Market, By Region, 2018–2022 (Kiloton) 138
Table 88 Other Manufacturing Processes Market, By Region, 2018–2022 (Usd Million) 138
Table 89 Other Manufacturing Processes Market, By Region, 2023–2028 (Kiloton) 138
Table 90 Other Manufacturing Processes Market, By Region, 2023–2028 (Usd Million) 139

10 CFRP Market, By End-Use Industry 140
10.1 Introduction 141
Figure 46 Aerospace & Defense Industry To Lead Consumption Of CFRP In 2028 141
Table 91 CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 142
Table 92 CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 142
Table 93 CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 143
Table 94 CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 143
10.2 Aerospace & Defense 144
10.2.1 Superior Characteristics Of CFRP To Drive Market 144
10.2.2 Interior Parts 144
10.2.2.1 Phenolic And Thermoplastic Composites Majorly Used In Aircraft Interior Structures 144
10.2.3 Exterior Parts 144
10.2.3.1 High Chemical And Corrosion Resistance, Good Mechanical And Thermal And Electrical Insulation Properties To Drive Demand 144
Table 95 Number Of New Commercial Airplane Deliveries, By Region (2019–2038) 145
Figure 47 North America To Drive CFRP Market In Aerospace & Defense Industry 145
Table 96 CFRP Market In Aerospace & Defense, By Region, 2018–2022 (Kiloton) 146
Table 97 CFRP Market In Aerospace & Defense, By Region, 2018–2022 (Usd Million) 146
Table 98 CFRP Market In Aerospace & Defense, By Region, 2023–2028 (Kiloton) 146
Table 99 CFRP Market In Aerospace & Defense, By Region, 2023–2028 (Usd Million) 147
10.3 Wind Energy 147
10.3.1 High Strength And Weight Reduction To Drive Market 147
Figure 48 Asia Pacific To Be Fastest-Growing Market In Wind Energy Industry 148
Table 100 CFRP Market In Wind Energy, By Region, 2018–2022 (Kiloton) 148
Table 101 CFRP Market In Wind Energy, By Region, 2018–2022 (Usd Million) 148
Table 102 CFRP Market In Wind Energy, By Region, 2023–2028 (Kiloton) 149
Table 103 CFRP Market In Wind Energy, By Region, 2023–2028 (Usd Million) 149
10.4 Automotive & Transportation 150
10.4.1 Weight Reduction And Increasing Efficiency To Drive Market 150
Table 104 Cost Benefits Of Carbon Fiber Composite Components Vs. Steel Components 151
Figure 49 Europe To Lead CFRP Market In Automotive & Transportation Industry 151
Table 105 CFRP Market In Automotive & Transportation Industry, By Region,2018–2022 (Kiloton) 152
Table 106 CFRP Market In Automotive & Transportation Industry, By Region,2018–2022 (Usd Million) 152
Table 107 CFRP Market In Automotive & Transportation Industry, By Region,2023–2028 (Kiloton) 152
Table 108 CFRP Market In Automotive & Transportation Industry, By Region,2023–2028 (Usd Million) 153
10.5 Sports Goods 153
10.5.1 Growing Demand For CFRP In Sports Goods To Drive Market 153
Figure 50 Asia Pacific To Lead CFRP Market In Sports Goods Industry 153
Table 109 CFRP Market In Sports Goods, By Region, 2018–2022 (Kiloton) 154
Table 110 CFRP Market In Sports Goods, By Region, 2018–2022 (Usd Million) 154
Table 111 CFRP Market In Sports Goods, By Region, 2023–2028 (Kiloton) 154
Table 112 CFRP Market In Sports Goods, By Region, 2023–2028 (Usd Million) 155
10.6 Civil Engineering 155
10.6.1 Growing Demand For Structural Strengthening And Bridge Deck Reinforcement Applications To Drive Market 155
Figure 51 North America To Lead CFRP Market In Civil Engineering 156
Table 113 CFRP Market In Civil Engineering, By Region, 2018–2022 (Kiloton) 156
Table 114 CFRP Market In Civil Engineering, By Region, 2018–2022 (Usd Million) 156
Table 115 CFRP Market In Civil Engineering, By Region, 2023–2028 (Kiloton) 157
Table 116 CFRP Market In Civil Engineering, By Region, 2023–2028 (Usd Million) 157
10.7 Pipes & Tanks 157
10.7.1 Increase In Demand For Type Iv Cylinders To Drive Market 157
Figure 52 North America To Dominate CFRP Market In Pipes & Tanks Industry 158
Table 117 CFRP Market In Pipes & Tanks Industry, By Region, 2018–2022 (Kiloton) 158
Table 118 CFRP Market In Pipes & Tanks Industry, By Region, 2018–2022 (Usd Million) 158
Table 119 CFRP Market In Pipes & Tanks Industry, By Region, 2023–2028 (Kiloton) 159
Table 120 CFRP Market In Pipes & Tanks Industry, By Region, 2023–2028 (Usd Million) 159
10.8 Marine 159
10.8.1 Anti-Corrosion And Lightweight Properties To Drive Market 159
Figure 53 North America To Lead CFRP Market In Marine Industry 160
Table 121 CFRP Market In Marine Industry, By Region, 2018–2022 (Kiloton) 160
Table 122 CFRP Market In Marine Industry, By Region, 2018–2022 (Usd Million) 160
Table 123 CFRP Market In Marine Industry, By Region, 2023–2028 (Kiloton) 161
Table 124 CFRP Market In Marine Industry, By Region, 2023–2028 (Usd Million) 161
10.9 Electrical & Electronics 161
10.9.1 Superior Mechanical Properties To Drive Market 161
Figure 54 North America To Lead CFRP Market In Electrical &Electronics Industry 162
Table 125 CFRP Market In Electrical & Electronics Industry, By Region,2018–2022 (Kiloton) 162
Table 126 CFRP Market In Electrical & Electronics Industry, By Region,2018–2022 (Usd Million) 162
Table 127 CFRP Market In Electrical & Electronics Industry, By Region,2023–2028 (Kiloton) 163
Table 128 CFRP Market In Electrical & Electronics Industry, By Region,2023–2028 (Usd Million) 163
10.10 Medical 164
10.10.1 Numerous Benefits, Including High Strength, Low Weight, Corrosion Resistance, And Biocompatibility, To Drive Market 164
Figure 55 Asia Pacific To Lead CFRP Market In Medical Industry 164
Table 129 CFRP Market In Medical Industry, By Region, 2018–2022 (Kiloton) 164
Table 130 CFRP Market In Medical Industry, By Region, 2018–2022 (Usd Million) 165
Table 131 CFRP Market In Medical Industry, By Region, 2023–2028 (Kiloton) 165
Table 132 CFRP Market In Medical Industry, By Region, 2023–2028 (Usd Million) 165
10.11 Other End-Use Industries 166
10.11.1 Good Design Flexibility And Forming Characteristics To Drive Market 166
Table 133 CFRP Market In Other End-Use Industries, By Region, 2018–2022 (Kiloton) 166
Table 134 CFRP Market In Other End-Use Industries, By Region, 2018–2022 (Usd Million) 166
Table 135 CFRP Market In Other End-Use Industries, By Region, 2023–2028 (Kiloton) 167
Table 136 CFRP Market In Other End-Use Industries, By Region, 2023–2028 (Usd Million) 167

11 CFRP Market, By Region 168
11.1 Introduction 169
Figure 56 Taiwan To Be Fastest-Growing CFRP Market During Forecast Period 169
11.1.1 CFRP Market, By Region 170
Table 137 CFRP Market, By Region, 2018–2022 (Kiloton) 170
Table 138 CFRP Market, By Region, 2018–2022 (Usd Million) 170
Table 139 CFRP Market, By Region, 2023–2028 (Kiloton) 170
Table 140 CFRP Market, By Region, 2023–2028 (Usd Million) 171
11.2 North America 171
11.2.1 Impact Of Recession On North American Cf&CFRP Market 171
Figure 57 North America: CFRP Market Snapshot 172
11.2.2 North America: CFRP Market, By Resin Type 173
Table 141 North America: CFRP Market, By Resin Type, 2018–2022 (Kiloton) 173
Table 142 North America: CFRP Market, By Resin Type, 2018–2022 (Usd Million) 173
Table 143 North America: CFRP Market, By Resin Type, 2023–2028 (Kiloton) 173
Table 144 North America: CFRP Market, By Resin Type, 2023–2028 (Usd Million) 173
11.2.3 North America: CFRP Market, By Manufacturing Process 174
Table 145 North America: CFRP Market, By Manufacturing Process, 2018–2022 (Kiloton) 174
Table 146 North America: CFRP Market, By Manufacturing Process,2018–2022 (Usd Million) 174
Table 147 North America: CFRP Market, By Manufacturing Process, 2023–2028 (Kiloton) 175
Table 148 North America: CFRP Market, By Manufacturing Process,2023–2028 (Usd Million) 175
11.2.4 North America: CFRP Market, By End-Use Industry 176
Table 149 North America: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 176
Table 150 North America: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 176
Table 151 North America: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 177
Table 152 North America: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 177
11.2.5 North America: CFRP Market, By Country 178
Table 153 North America: CFRP Market, By Country, 2018–2022 (Kiloton) 178
Table 154 North America: CFRP Market, By Country, 2018–2022 (Usd Million) 178
Table 155 North America: CFRP Market, By Country, 2023–2028 (Kiloton) 178
Table 156 North America: CFRP Market, By Country, 2023–2028 (Usd Million) 178
11.2.5.1 Us 179
11.2.5.1.1 Presence Of Well-Established Automotive, Aerospace & Defense, Wind Energy, Marine, And Other Industries To Drive Market 179
11.2.5.1.2 Us: CFRP Market, By End-Use Industry 179
Table 157 Us: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 179
Table 158 Us: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 180
Table 159 Us: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 180
Table 160 Us: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 181
11.2.5.2 Canada 181
11.2.5.2.1 Presence Of Well-Established Aerospace Industry To Fuel Demand For CFRP 181
11.2.5.2.2 Canada: CFRP Market, By End-Use Industry 182
Table 161 Canada: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 182
Table 162 Canada: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 182
Table 163 Canada: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 183
Table 164 Canada: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 183
11.3 Europe 184
11.3.1 Impact Of Recession On European Cf&CFRP Market 184
Figure 58 Europe: CFRP Market Snapshot 185
11.3.2 Europe: CFRP Market, By Resin Type 185
Table 165 Europe: CFRP Market, By Resin Type, 2018–2022 (Kiloton) 185
Table 166 Europe: CFRP Market, By Resin Type, 2018–2022 (Usd Million) 186
Table 167 Europe: CFRP Market, By Resin Type, 2023–2028 (Kiloton) 186
Table 168 Europe: CFRP Market, By Resin Type, 2023–2028 (Usd Million) 186
11.3.3 Europe: CFRP Market, By Manufacturing Process 187
Table 169 Europe: CFRP Market, By Manufacturing Process, 2018–2022 (Kiloton) 187
Table 170 Europe: CFRP Market, By Manufacturing Process, 2018–2022 (Usd Million) 187
Table 171 Europe: CFRP Market, By Manufacturing Process, 2023–2028 (Kiloton) 188
Table 172 Europe: CFRP Market, By Manufacturing Process, 2023–2028 (Usd Million) 188
11.3.4 Europe: CFRP Market, By End-Use Industry 189
Table 173 Europe: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 189
Table 174 Europe: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 189
Table 175 Europe: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 190
Table 176 Europe: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 190
11.3.5 Europe: CFRP Market, By Country 191
Table 177 Europe: CFRP Market, By Country, 2018–2022 (Kiloton) 191
Table 178 Europe: CFRP Market, By Country, 2018–2022 (Usd Million) 191
Table 179 Europe: CFRP Market, By Country, 2023–2028 (Kiloton) 192
Table 180 Europe: CFRP Market, By Country, 2023–2028 (Usd Million) 192
11.3.5.1 Germany 193
11.3.5.1.1 Growth Of Automotive And Aerospace Sectors To Drive Market 193
11.3.5.1.2 Germany: CFRP Market, By End-Use Industry 193
Table 181 Germany: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 193
Table 182 Germany: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 194
Table 183 Germany: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 194
Table 184 Germany: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 195
11.3.5.2 France 195
11.3.5.2.1 Presence Of Major Aircraft Manufacturers To Drive Market 195
11.3.5.2.2 France: CFRP Market, By End-Use Industry 196
Table 185 France: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 196
Table 186 France: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 196
Table 187 France: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 197
Table 188 France: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 197
11.3.5.3 Uk 198
11.3.5.3.1 Increasing Demand For Lightweight And High-Performance Materials To Drive Market 198
11.3.5.3.2 Uk: CFRP Market, By End-Use Industry 198
Table 189 Uk: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 198
Table 190 Uk: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 199
Table 191 Uk: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 199
Table 192 Uk: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 200
11.3.5.4 Spain 200
11.3.5.4.1 High Demand For CFRP From Wind Energy Sector To Drive Market 200
11.3.5.4.2 Spain: CFRP Market, By End-Use Industry 201
Table 193 Spain: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 201
Table 194 Spain: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 201
Table 195 Spain: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 202
Table 196 Spain: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 202
11.3.5.5 Italy 203
11.3.5.5.1 Moderate Market Growth Due To Recovering Economy 203
11.3.5.5.2 Italy: CFRP Market, By End-Use Industry 203
Table 197 Italy: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 203
Table 198 Italy: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 204
Table 199 Italy: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 204
Table 200 Italy: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 205
11.3.5.6 Russia 205
11.3.5.6.1 Defense Sector To Drive Market 205
11.3.5.6.2 Russia: CFRP Market, By End-Use Industry 206
Table 201 Russia: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 206
Table 202 Russia: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 206
Table 203 Russia: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 207
Table 204 Russia: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 207
11.3.5.7 Rest Of Europe 208
11.3.5.7.1 Rest Of Europe: CFRP Market, By End-Use Industry 208
Table 205 Rest Of Europe: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 208
Table 206 Rest Of Europe: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 208
Table 207 Rest Of Europe: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 209
Table 208 Rest Of Europe: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 209
11.4 Asia Pacific 210
11.4.1 Impact Of Recession On Asia Pacific Cf&CFRP Market 210
Figure 59 Asia Pacific: CFRP Market Snapshot 211
11.4.2 Asia Pacific: CFRP Market, By Resin Type 211
Table 209 Asia Pacific: CFRP Market, By Resin Type, 2018–2022 (Kiloton) 211
Table 210 Asia Pacific: CFRP Market, By Resin Type, 2018–2022 (Usd Million) 212
Table 211 Asia Pacific: CFRP Market, By Resin Type, 2023–2028 (Kiloton) 212
Table 212 Asia Pacific: CFRP Market, By Resin Type, 2023–2028 (Usd Million) 212
11.4.3 Asia Pacific: CFRP Market, By Manufacturing Process 213
Table 213 Asia Pacific: CFRP Market, By Manufacturing Process, 2018–2022 (Kiloton) 213
Table 214 Asia Pacific: CFRP Market, By Manufacturing Process,2018–2022 (Usd Million) 213
Table 215 Asia Pacific: CFRP Market, By Manufacturing Process, 2023–2028 (Kiloton) 214
Table 216 Asia Pacific: CFRP Market, By Manufacturing Process,2023–2028 (Usd Million) 214
11.4.4 Asia Pacific: CFRP Market, By End-Use Industry 215
Table 217 Asia Pacific: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 215
Table 218 Asia Pacific: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 215
Table 219 Asia Pacific: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 216
Table 220 Asia Pacific: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 216
11.4.5 Asia Pacific: CFRP Market, By Country 217
Table 221 Asia Pacific: CFRP Market, By Country, 2018–2022 (Kiloton) 217
Table 222 Asia Pacific: CFRP Market, By Country, 2018–2022 (Usd Million) 217
Table 223 Asia Pacific: CFRP Market, By Country, 2023–2028 (Kiloton) 217
Table 224 Asia Pacific: CFRP Market, By Country, 2023–2028 (Usd Million) 218
11.4.5.1 China 218
11.4.5.1.1 Presence Of Major CFRP Manufacturers To Fuel Market 218
11.4.5.1.2 China: CFRP Market, By End-Use Industry 219
Table 225 China: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 219
Table 226 China: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 219
Table 227 China: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 220
Table 228 China: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 220
11.4.5.2 Japan 221
11.4.5.2.1 Large Exports Of Carbon Fiber To Drive Market 221
11.4.5.2.2 Japan: CFRP Market, By End-Use Industry 221
Table 229 Japan: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 221
Table 230 Japan: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 222
Table 231 Japan: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 222
Table 232 Japan: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 223
11.4.5.3 South Korea 223
11.4.5.3.1 Presence Of Major Automotive And Electronics Companies To Propel Market 223
11.4.5.3.2 South Korea: CFRP Market, By End-Use Industry 224
Table 233 South Korea: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 224
Table 234 South Korea: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 224
Table 235 South Korea: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 225
Table 236 South Korea: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 225
11.4.5.4 Taiwan 226
11.4.5.4.1 Large Manufacture Of Bicycles To Drive Market 226
11.4.5.4.2 Taiwan: CFRP Market, By End-Use Industry 226
Table 237 Taiwan: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 226
Table 238 Taiwan: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 227
Table 239 Taiwan: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 227
Table 240 Taiwan: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 228
11.4.5.5 Rest Of Asia Pacific 228
11.4.5.5.1 Rest Of Asia Pacific: CFRP Market, By End-Use Industry 229
Table 241 Rest Of Asia Pacific: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 229
Table 242 Rest Of Asia Pacific: CFRP Market, By End-Use Industry,2018–2022 (Usd Million) 229
Table 243 Rest Of Asia Pacific: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 230
Table 244 Rest Of Asia Pacific: CFRP Market, By End-Use Industry,2023–2028 (Usd Million) 230
11.5 Middle East & Africa 231
11.5.1 Impact Of Recession On Middle East & Africa Cf&CFRP Market 231
11.5.2 Middle East & Africa: CFRP Market, By Resin Type 231
Table 245 Middle East & Africa: CFRP Market, By Resin Type, 2018–2022 (Kiloton) 231
Table 246 Middle East & Africa: CFRP Market, By Resin Type, 2018–2022 (Usd Million) 232
Table 247 Middle East & Africa: CFRP Market, By Resin Type, 2023–2028 (Kiloton) 232
Table 248 Middle East & Africa: CFRP Market, By Resin Type, 2023–2028 (Usd Million) 232
11.5.3 Middle East & Africa: CFRP Market, By Manufacturing Process 233
Table 249 Middle East & Africa: CFRP Market, By Manufacturing Process,2018–2022 (Kiloton) 233
Table 250 Middle East & Africa: CFRP Market, By Manufacturing Process,2018–2022 (Usd Million) 233
Table 251 Middle East & Africa: CFRP Market, By Manufacturing Process,2023–2028 (Kiloton) 234
Table 252 Middle East & Africa: CFRP Market, By Manufacturing Process,2023–2028 (Usd Million) 234
11.5.4 Middle East & Africa: CFRP Market, By End-Use Industry 235
Table 253 Middle East & Africa: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 235
Table 254 Middle East & Africa: CFRP Market, By End-Use Industry,2018–2022 (Usd Million) 235
Table 255 Middle East & Africa: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 236
Table 256 Middle East & Africa: CFRP Market, By End-Use Industry,2023–2028 (Usd Million) 236
11.5.5 Middle East & Africa: CFRP Market, By Country 237
Table 257 Middle East & Africa: CFRP Market, By Country, 2018–2022 (Kiloton) 237
Table 258 Middle East & Africa: CFRP Market, By Country, 2018–2022 (Usd Million) 237
Table 259 Middle East & Africa: CFRP Market, By Country, 2023–2028 (Kiloton) 237
Table 260 Middle East & Africa: CFRP Market, By Country, 2023–2028 (Usd Million) 238
11.5.5.1 Uae 238
11.5.5.1.1 Stringent Energy-Efficiency Regulations To Drive Market 238
11.5.5.1.2 Uae: CFRP Market, By End-Use Industry 239
Table 261 Uae: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 239
Table 262 Uae: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 239
Table 263 Uae: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 240
Table 264 Uae: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 240
11.5.5.2 Saudi Arabia 241
11.5.5.2.1 High Demand From Pipes & Tanks End-Use Industry To Drive Market 241
11.5.5.2.2 Saudi Arabia: CFRP Market, By End-Use Industry 241
Table 265 Saudi Arabia: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 241
Table 266 Saudi Arabia: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 242
Table 267 Saudi Arabia: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 242
Table 268 Saudi Arabia: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 243
11.5.5.3 South Africa 243
11.5.5.3.1 Growing Wind Energy, Automotive, And Aerospace & Defense Industries To Drive Market 243
11.5.5.3.2 South Africa: CFRP Market, By End-Use Industry 244
Table 269 South Africa: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 244
Table 270 South Africa: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 244
Table 271 South Africa: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 245
Table 272 South Africa: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 245
11.5.5.4 Rest Of Middle East & Africa 246
11.5.5.4.1 Rest Of Middle East & Africa: CFRP Market,By End-Use Industry 246
Table 273 Rest Of Middle East & Africa: CFRP Market, By End-Use Industry,2018–2022 (Kiloton) 246
Table 274 Rest Of Middle East & Africa: CFRP Market, By End-Use Industry,2018–2022 (Usd Million) 247
Table 275 Rest Of Middle East & Africa: CFRP Market, By End-Use Industry,2023–2028 (Kiloton) 247
Table 276 Rest Of Middle East & Africa: CFRP Market, By End-Use Industry,2023–2028 (Usd Million) 248
11.6 Latin America 249
11.6.1 Impact Of Recession On Latin American Cf&CFRP Market 249
11.6.2 Latin America: CFRP Market, By Resin Type 249
Table 277 Latin America: CFRP Market, By Resin Type, 2018–2022 (Kiloton) 249
Table 278 Latin America: CFRP Market, By Resin Type, 2018–2022 (Usd Million) 249
Table 279 Latin America: CFRP Market, By Resin Type, 2023–2028 (Kiloton) 250
Table 280 Latin America: CFRP Market, By Resin Type, 2023–2028 (Usd Million) 250
11.6.3 Latin America: CFRP Market, By Manufacturing Process 250
Table 281 Latin America: CFRP Market, By Manufacturing Process, 2018–2022 (Kiloton) 250
Table 282 Latin America: CFRP Market, By Manufacturing Process, 2018–2022 (Usd Million) 251
Table 283 Latin America: CFRP Market, By Manufacturing Process, 2023–2028 (Kiloton) 251
Table 284 Latin America: CFRP Market, By Manufacturing Process,2023–2028 (Usd Million) 252
11.6.4 Latin America: CFRP Market, By End-Use Industry 252
Table 285 Latin America: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 252
Table 286 Latin America: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 253
Table 287 Latin America: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 253
Table 288 Latin America: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 254
11.6.5 Latin America: CFRP Market, By Country 254
Table 289 Latin America: CFRP Market, By Country, 2018–2022 (Kiloton) 254
Table 290 Latin America: CFRP Market, By Country, 2018–2022 (Usd Million) 255
Table 291 Latin America: CFRP Market, By Country, 2023–2028 (Kiloton) 255
Table 292 Latin America: CFRP Market, By Country, 2023–2028 (Usd Million) 255
11.6.5.1 Brazil 256
11.6.5.1.1 Growth Of Automotive Industry To Fuel Market 256
11.6.5.1.2 Brazil: CFRP Market, By End-Use Industry 256
Table 293 Brazil: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 256
Table 294 Brazil: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 257
Table 295 Brazil: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 257
Table 296 Brazil: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 258
11.6.5.2 Mexico 258
11.6.5.2.1 Automotive And Wind Energy Prominent Consumers Of CFRP 258
11.6.5.2.2 Mexico: CFRP Market, By End-Use Industry 259
Table 297 Mexico: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 259
Table 298 Mexico: CFRP Market, By End-Use Industry, 2018–2022 (Usd Million) 259
Table 299 Mexico: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 260
Table 300 Mexico: CFRP Market, By End-Use Industry, 2023–2028 (Usd Million) 260
11.6.5.3 Rest Of Latin America 261
11.6.5.3.1 Rest Of Latin America: CFRP Market, By End-Use Industry 261
Table 301 Rest Of Latin America: CFRP Market, By End-Use Industry, 2018–2022 (Kiloton) 261
Table 302 Rest Of Latin America: CFRP Market, By End-Use Industry,2018–2022 (Usd Million) 261
Table 303 Rest Of Latin America: CFRP Market, By End-Use Industry, 2023–2028 (Kiloton) 262
Table 304 Rest Of Latin America: CFRP Market, By End-Use Industry,2023–2028 (Usd Million) 262

12 Competitive Landscape 263
12.1 Introduction 263
12.2 Market Share Analysis 263
Figure 60 Share Of Top Companies In Cf Market, 2022 263
Table 305 Degree Of Competition: Cf & CFRP Market 264
12.3 Market Ranking 264
Figure 61 Ranking Of Top Five Players In Cf Market, 2022 265
12.4 Revenue Analysis Of Top Market Players, 2022 265
Figure 62 Revenue Analysis 265
12.5 Company Evaluation Matrix 266
Table 306 Company Product Footprint 266
Table 307 Company End-Use Industry Footprint 267
Table 308 Company By Source Type Footprint 268
Table 309 Company Region Footprint 269
12.6 Competitive Landscape Mapping 270
12.6.1 Stars 270
12.6.2 Pervasive Players 270
12.6.3 Participants 270
12.6.4 Emerging Leaders 270
Figure 63 Cf & CFRP Market (Global): Competitive Leadership Mapping, 2022 271
12.6.5 Strength Of Product Portfolio 272
Figure 64 Product Portfolio Analysis Of Top Players In Cf & CFRP Market 272
12.6.6 Business Strategy Excellence 273
Figure 65 Business Strategy Excellence Of Top Players In Cf & CFRP Market 273
12.7 Market Evaluation Framework 273
Table 310 Cf & CFRP Market: Product Launches/Developments, 2018–2023 273
Table 311 Cf & CFRP Market: Deals, 2018–2023 277
Table 312 Cf & CFRP Market: Other Developments, 2018–2023 286
12.8 Competitive Benchmarking Of Key Startups/Smes 289
Table 313 Cf & CFRP Market: Key Startups/Smes 289
Table 314 Cf & CFRP Market: Competitive Benchmarking Of Key Startups/Smes 291
12.9 Small And Medium-Sized Enterprises (Sme) Evaluation Matrix 292
12.9.1 Progressive Companies 292
12.9.2 Responsive Companies 292
12.9.3 Dynamic Companies 292
12.9.4 Starting Blocks 292
Figure 66 Cf & CFRP Market: Small And Medium-Sized Enterprises Mapping, 2022 293

13 Company Profiles 294
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Mnm View (Key Strengths/Right To Win, Strategic Choices Made, Weakness/Competitive Threats)*
13.1 Key Companies 294
13.1.1 Toray Industries, Inc. 294
Table 315 Toray Industries, Inc.: Company Overview 294
Figure 67 Toray Industries, Inc.: Company Snapshot 295
13.1.2 Teijin Limited 299
Table 316 Teijin Limited: Company Overview 299
Figure 68 Teijin Limited: Company Snapshot 299
13.1.3 Mitsubishi Chemical Corporation 304
Table 317 Mitsubishi Chemical Corporation: Company Overview 304
Figure 69 Mitsubishi Chemical Corporation: Company Snapshot 305
13.1.4 Hexcel Corporation 309
Table 318 Hexcel Corporation: Company Overview 309
Figure 70 Hexcel Corporation: Company Snapshot 310
13.1.5 Solvay 316
Table 319 Solvay: Company Overview 316
Figure 71 Solvay: Company Snapshot 317
13.1.6 Sgl Carbon 324
Table 320 Sgl Carbon: Company Overview 324
Figure 72 Sgl Carbon: Company Snapshot 325
13.1.7 Hyosung Advanced Materials 330
Table 321 Hyosung Advanced Materials: Company Overview 330
Figure 73 Hyosung Advanced Materials: Company Snapshot 331
13.1.8 Zhongfu Shenying Carbon Fiber Co., Ltd. 334
Table 322 Zhongfu Shenying Carbon Fiber Co., Ltd.: Company Overview 334
Figure 74 Zhongfu Shenying Carbon Fiber Co., Ltd.: Company Snapshot 334
13.1.9 Kureha Corporation 336
Table 323 Kureha Corporation: Company Overview 336
Figure 75 Kureha Corporation: Company Snapshot 336
13.1.10 Dowaksa 339
Table 324 Dowaksa: Company Overview 339
13.1.11 Jilin Chemical Fiber Group Co., Ltd. 341
Table 325 Jilin Chemical Fiber Group Co., Ltd.: Company Overview 341
Figure 76 Jilin Chemical Fiber Group Co., Ltd.: Company Snapshot 341
13.1.12 Jiangsu Hengshen Co., Ltd. 343
Table 326 Jiangsu Hengshen Co., Ltd.: Company Overview 343
13.1.13 Anshan Sinoda Carbon Fibers Co., Ltd. 346
Table 327 Anshan Sinoda Carbon Fibers Co., Ltd.: Company Overview 346
13.1.14 China National Bluestar (Group) Co., Ltd. 348
Table 328 China National Bluestar (Group) Co., Ltd.: Company Overview 348
13.2 Other Companies 350
13.2.1 Weihai Guangwei Composite Materials Co., Ltd. 350
Table 329 Weihai Guang Composites Materials Co., Ltd.: Company Overview 350
13.2.2 Umatex Group 351
Table 330 Umatex Group: Company Overview 351
13.2.3 Taekwang Industrial Co., Ltd. 351
Table 331 Taekwang Industrial Co., Ltd.: Company Overview 351
13.2.4 Gen 2 Carbon 352
Table 332 Gen 2 Carbon: Company Overview 352
13.2.5 Dalian Xingke Carbon Fiber Co., Ltd. 352
Table 333 Dalian Xingke Carbon Fiber Co., Ltd.: Company Overview 352
13.2.6 Nippon Graphite Fiber Corporation 353
Table 334 Nippon Graphite Fiber Corporation: Company Overview 353
13.2.7 Changzhou Jlon Composite Co., Ltd. 353
Table 335 Changzhou Jlon Composite Co., Ltd.: Company Overview 353
13.2.8 Mallinda, Inc. 354
Table 336 Mallinda, Inc.: Company Overview 354
13.2.9 Bcircular 354
Table 337 Bcircular: Company Overview 354
13.2.10 Vartega Inc. 355
Table 338 Vartega Inc.: Company Overview 355
13.2.11 Jilin Tangu Carbon Fiber Co., Ltd. 356
Table 339 Jilin Tangu Carbon Fiber Co., Ltd.: Company Overview 356
13.2.12 Fangda Carbon New Material Co., Ltd. 356
Table 340 Fangda Carbon New Material Co., Ltd.: Company Overview 356
13.2.13 Wuxi Gde Technology Co., Ltd. 357
Table 341 Wuxi Gde Technology Co., Ltd.: Company Overview 357
13.2.14 Sinofibers Technology Co., Ltd. 357
Table 342 Sinofibers Technology Co., Ltd.: Company Overview 357
13.2.15 Jilin Jiyan High-Tech Fibers Co., Ltd. 358
Table 343 Jilin Jiyan High-Tech Fibers Co., Ltd.: Company Overview 358
*Details On Business Overview, Products/Solutions/Services Offered, Recent Developments, Mnm View (Key Strengths/Right To Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not Be Captured In Case Of Unlisted Companies.

14 Appendix 359
14.1 Discussion Guide 359
14.2 Knowledgestore: Marketsandmarkets'subscription Portal 362
14.3 Customization Options 364
14.4 Related Reports 364
14.5 Author Details 365

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