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CFRP-Global Market Insights and Sales Trends 2025
Synopsis
CFRP are composite materials made through infusion of a resin and a carbon fiber reinforcement. They offer high weight savings, increased tensile strength, fatigue resistance, impact resistance and durability which make them ideal for use in diversified industrial applications. CFRP products are increasingly substituting metals in various automotive applications, primarily to reduce fuel consumption. They are used in manufacturing of tennis racquets, aerospace & automotive components, protective helmets, blades for wind turbines, molding compounds, plates for building & construction and imaging equipment structures. These materials can be used as a chemical or water purifier owing to carbon being a powerful absorbent.
The global CFRP market size is expected to reach US$ 521.2 million by 2029, growing at a CAGR of 5.2% from 2023 to 2029. The market is mainly driven by the significant applications of CFRP in various end use industries. The expanding demands from the Aerospace & Defense, Wind Turbines, Automotive and Sports Equipment, are propelling CFRP market. Thermosetting, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Thermoplastic segment is estimated at % CAGR for the next seven-year period.
CFRP products offer higher weight saving and thus a better fuel economy than the traditional materials such as steel and aluminum. Vehicle manufacturers are obliged to reduce the average energy consumption of vehicles, and this goal can be met using lightweight products. In addition, increased demands for eco-friendly and low VOCs products in vehicles enhance the need for CFRP products in automotive industry.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for CFRP, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global CFRP market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global CFRP market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CFRP sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of CFRP covered in this report include Cytec Industries Inc., DowAksa Advanced Composites Holdings B.V., Formosa Plastics Corporation, Hexcel Corporation, Jiangsu Hengshen Fibre Material Co., Ltd., Mitsubishi Rayon Co., Ltd, SGL Carbon SE, Teijin Limited. and Toray Industries, Inc., etc.
The global CFRP market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Cytec Industries Inc.
DowAksa Advanced Composites Holdings B.V.
Formosa Plastics Corporation
Hexcel Corporation
Jiangsu Hengshen Fibre Material Co., Ltd.
Mitsubishi Rayon Co., Ltd
SGL Carbon SE
Teijin Limited.
Toray Industries, Inc.
Zhongfu Shenying Carbon Fiber Co., Ltd.
Global CFRP market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global CFRP market, Segment by Type:
Thermosetting
Thermoplastic
Global CFRP market, by Application
Aerospace & Defense
Wind Turbines
Automotive
Sports Equipment
Building & Construction
Molding Compounds
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of CFRP manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of CFRP in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
CFRP are composite materials made through infusion of a resin and a carbon fiber reinforcement. They offer high weight savings, increased tensile strength, fatigue resistance, impact resistance and durability which make them ideal for use in diversified industrial applications. CFRP products are increasingly substituting metals in various automotive applications, primarily to reduce fuel consumption. They are used in manufacturing of tennis racquets, aerospace & automotive components, protective helmets, blades for wind turbines, molding compounds, plates for building & construction and imaging equipment structures. These materials can be used as a chemical or water purifier owing to carbon being a powerful absorbent.
The global CFRP market size is expected to reach US$ 521.2 million by 2029, growing at a CAGR of 5.2% from 2023 to 2029. The market is mainly driven by the significant applications of CFRP in various end use industries. The expanding demands from the Aerospace & Defense, Wind Turbines, Automotive and Sports Equipment, are propelling CFRP market. Thermosetting, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Thermoplastic segment is estimated at % CAGR for the next seven-year period.
CFRP products offer higher weight saving and thus a better fuel economy than the traditional materials such as steel and aluminum. Vehicle manufacturers are obliged to reduce the average energy consumption of vehicles, and this goal can be met using lightweight products. In addition, increased demands for eco-friendly and low VOCs products in vehicles enhance the need for CFRP products in automotive industry.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for CFRP, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global CFRP market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global CFRP market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, CFRP sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of CFRP covered in this report include Cytec Industries Inc., DowAksa Advanced Composites Holdings B.V., Formosa Plastics Corporation, Hexcel Corporation, Jiangsu Hengshen Fibre Material Co., Ltd., Mitsubishi Rayon Co., Ltd, SGL Carbon SE, Teijin Limited. and Toray Industries, Inc., etc.
The global CFRP market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Cytec Industries Inc.
DowAksa Advanced Composites Holdings B.V.
Formosa Plastics Corporation
Hexcel Corporation
Jiangsu Hengshen Fibre Material Co., Ltd.
Mitsubishi Rayon Co., Ltd
SGL Carbon SE
Teijin Limited.
Toray Industries, Inc.
Zhongfu Shenying Carbon Fiber Co., Ltd.
Global CFRP market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global CFRP market, Segment by Type:
Thermosetting
Thermoplastic
Global CFRP market, by Application
Aerospace & Defense
Wind Turbines
Automotive
Sports Equipment
Building & Construction
Molding Compounds
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of CFRP manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of CFRP in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 CFRP Market Overview
1.1 CFRP Product Overview
1.2 CFRP Market Segment by Type
1.2.1 Thermosetting
1.2.2 Thermoplastic
1.3 Global CFRP Market Size by Type
1.3.1 Global CFRP Market Size Overview by Type (2018-2029)
1.3.2 Global CFRP Historic Market Size Review by Type (2018-2023)
1.3.3 Global CFRP Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America CFRP Sales Breakdown by Type (2018-2023)
1.4.2 Europe CFRP Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific CFRP Sales Breakdown by Type (2018-2023)
1.4.4 Latin America CFRP Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa CFRP Sales Breakdown by Type (2018-2023)
2 Global CFRP Market Competition by Company
2.1 Global Top Players by CFRP Sales (2018-2023)
2.2 Global Top Players by CFRP Revenue (2018-2023)
2.3 Global Top Players by CFRP Price (2018-2023)
2.4 Global Top Manufacturers CFRP Manufacturing Base Distribution, Sales Area, Product Type
2.5 CFRP Market Competitive Situation and Trends
2.5.1 CFRP Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by CFRP Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in CFRP as of 2022)
2.7 Date of Key Manufacturers Enter into CFRP Market
2.8 Key Manufacturers CFRP Product Offered
2.9 Mergers & Acquisitions, Expansion
3 CFRP Status and Outlook by Region
3.1 Global CFRP Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global CFRP Historic Market Size by Region
3.2.1 Global CFRP Sales in Volume by Region (2018-2023)
3.2.2 Global CFRP Sales in Value by Region (2018-2023)
3.2.3 Global CFRP Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global CFRP Forecasted Market Size by Region
3.3.1 Global CFRP Sales in Volume by Region (2024-2029)
3.3.2 Global CFRP Sales in Value by Region (2024-2029)
3.3.3 Global CFRP Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global CFRP by Application
4.1 CFRP Market Segment by Application
4.1.1 Aerospace & Defense
4.1.2 Wind Turbines
4.1.3 Automotive
4.1.4 Sports Equipment
4.1.5 Building & Construction
4.1.6 Molding Compounds
4.1.7 Others
4.2 Global CFRP Market Size by Application
4.2.1 Global CFRP Market Size Overview by Application (2018-2029)
4.2.2 Global CFRP Historic Market Size Review by Application (2018-2023)
4.2.3 Global CFRP Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America CFRP Sales Breakdown by Application (2018-2023)
4.3.2 Europe CFRP Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific CFRP Sales Breakdown by Application (2018-2023)
4.3.4 Latin America CFRP Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa CFRP Sales Breakdown by Application (2018-2023)
5 North America CFRP by Country
5.1 North America CFRP Historic Market Size by Country
5.1.1 North America CFRP Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America CFRP Sales in Volume by Country (2018-2023)
5.1.3 North America CFRP Sales in Value by Country (2018-2023)
5.2 North America CFRP Forecasted Market Size by Country
5.2.1 North America CFRP Sales in Volume by Country (2024-2029)
5.2.2 North America CFRP Sales in Value by Country (2024-2029)
6 Europe CFRP by Country
6.1 Europe CFRP Historic Market Size by Country
6.1.1 Europe CFRP Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe CFRP Sales in Volume by Country (2018-2023)
6.1.3 Europe CFRP Sales in Value by Country (2018-2023)
6.2 Europe CFRP Forecasted Market Size by Country
6.2.1 Europe CFRP Sales in Volume by Country (2024-2029)
6.2.2 Europe CFRP Sales in Value by Country (2024-2029)
7 Asia-Pacific CFRP by Region
7.1 Asia-Pacific CFRP Historic Market Size by Region
7.1.1 Asia-Pacific CFRP Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific CFRP Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific CFRP Sales in Value by Region (2018-2023)
7.2 Asia-Pacific CFRP Forecasted Market Size by Region
7.2.1 Asia-Pacific CFRP Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific CFRP Sales in Value by Region (2024-2029)
8 Latin America CFRP by Country
8.1 Latin America CFRP Historic Market Size by Country
8.1.1 Latin America CFRP Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America CFRP Sales in Volume by Country (2018-2023)
8.1.3 Latin America CFRP Sales in Value by Country (2018-2023)
8.2 Latin America CFRP Forecasted Market Size by Country
8.2.1 Latin America CFRP Sales in Volume by Country (2024-2029)
8.2.2 Latin America CFRP Sales in Value by Country (2024-2029)
9 Middle East and Africa CFRP by Country
9.1 Middle East and Africa CFRP Historic Market Size by Country
9.1.1 Middle East and Africa CFRP Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa CFRP Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa CFRP Sales in Value by Country (2018-2023)
9.2 Middle East and Africa CFRP Forecasted Market Size by Country
9.2.1 Middle East and Africa CFRP Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa CFRP Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Cytec Industries Inc.
10.1.1 Cytec Industries Inc. Company Information
10.1.2 Cytec Industries Inc. Introduction and Business Overview
10.1.3 Cytec Industries Inc. CFRP Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Cytec Industries Inc. CFRP Products Offered
10.1.5 Cytec Industries Inc. Recent Development
10.2 DowAksa Advanced Composites Holdings B.V.
10.2.1 DowAksa Advanced Composites Holdings B.V. Company Information
10.2.2 DowAksa Advanced Composites Holdings B.V. Introduction and Business Overview
10.2.3 DowAksa Advanced Composites Holdings B.V. CFRP Sales, Revenue and Gross Margin (2018-2023)
10.2.4 DowAksa Advanced Composites Holdings B.V. CFRP Products Offered
10.2.5 DowAksa Advanced Composites Holdings B.V. Recent Development
10.3 Formosa Plastics Corporation
10.3.1 Formosa Plastics Corporation Company Information
10.3.2 Formosa Plastics Corporation Introduction and Business Overview
10.3.3 Formosa Plastics Corporation CFRP Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Formosa Plastics Corporation CFRP Products Offered
10.3.5 Formosa Plastics Corporation Recent Development
10.4 Hexcel Corporation
10.4.1 Hexcel Corporation Company Information
10.4.2 Hexcel Corporation Introduction and Business Overview
10.4.3 Hexcel Corporation CFRP Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hexcel Corporation CFRP Products Offered
10.4.5 Hexcel Corporation Recent Development
10.5 Jiangsu Hengshen Fibre Material Co., Ltd.
10.5.1 Jiangsu Hengshen Fibre Material Co., Ltd. Company Information
10.5.2 Jiangsu Hengshen Fibre Material Co., Ltd. Introduction and Business Overview
10.5.3 Jiangsu Hengshen Fibre Material Co., Ltd. CFRP Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Jiangsu Hengshen Fibre Material Co., Ltd. CFRP Products Offered
10.5.5 Jiangsu Hengshen Fibre Material Co., Ltd. Recent Development
10.6 Mitsubishi Rayon Co., Ltd
10.6.1 Mitsubishi Rayon Co., Ltd Company Information
10.6.2 Mitsubishi Rayon Co., Ltd Introduction and Business Overview
10.6.3 Mitsubishi Rayon Co., Ltd CFRP Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mitsubishi Rayon Co., Ltd CFRP Products Offered
10.6.5 Mitsubishi Rayon Co., Ltd Recent Development
10.7 SGL Carbon SE
10.7.1 SGL Carbon SE Company Information
10.7.2 SGL Carbon SE Introduction and Business Overview
10.7.3 SGL Carbon SE CFRP Sales, Revenue and Gross Margin (2018-2023)
10.7.4 SGL Carbon SE CFRP Products Offered
10.7.5 SGL Carbon SE Recent Development
10.8 Teijin Limited.
10.8.1 Teijin Limited. Company Information
10.8.2 Teijin Limited. Introduction and Business Overview
10.8.3 Teijin Limited. CFRP Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Teijin Limited. CFRP Products Offered
10.8.5 Teijin Limited. Recent Development
10.9 Toray Industries, Inc.
10.9.1 Toray Industries, Inc. Company Information
10.9.2 Toray Industries, Inc. Introduction and Business Overview
10.9.3 Toray Industries, Inc. CFRP Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Toray Industries, Inc. CFRP Products Offered
10.9.5 Toray Industries, Inc. Recent Development
10.10 Zhongfu Shenying Carbon Fiber Co., Ltd.
10.10.1 Zhongfu Shenying Carbon Fiber Co., Ltd. Company Information
10.10.2 Zhongfu Shenying Carbon Fiber Co., Ltd. Introduction and Business Overview
10.10.3 Zhongfu Shenying Carbon Fiber Co., Ltd. CFRP Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Zhongfu Shenying Carbon Fiber Co., Ltd. CFRP Products Offered
10.10.5 Zhongfu Shenying Carbon Fiber Co., Ltd. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 CFRP Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 CFRP Industrial Chain Analysis
11.4 CFRP Market Dynamics
11.4.1 CFRP Industry Trends
11.4.2 CFRP Market Drivers
11.4.3 CFRP Market Challenges
11.4.4 CFRP Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 CFRP Distributors
12.3 CFRP Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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