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Carbon Fiber Reinforced Plastic (CFRP) Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024


The “Carbon Fiber Reinforced Plastic (CFRP) Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Carbon Fiber Reinforced Plastic (CFRP) Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Carbon Fiber Reinforced Plastic (CFRP) market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Carbon Fiber Reinforced Plastic (CFRP) Market Are:

  • Solvay
  • Hexcel Corp
  • Formosa Plastics Corporation
  • Mitsubishi Rayon Co.
  • Ltd.
  • Nippon Graphite Fiber Corp.
  • Teijin Limited
  • Toray Industries
  • Inc.
  • Allred & Associates Inc.
  • Rochling Group
  • Nikkiso Co Ltd

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    Market Overview:

  • The market for carbon fiber reinforced plastic (CFRP) is expected to grow at a CAGR of more than 8% during the forecast period of 2019 – 2024. Growing demand from the aerospace industry and a rising preference for fuel efficient and light-weight vehicles are the major factors driving the market. However, the high cost of the CFRP and inadequate production capacity are expected to hinder the growth of the market studied.
  • – Automotive industry dominated the market in 2018 and is expected to grow during the forecast period owing to the increasing demand for light-weight vehicles.
  • – Shifting focus on the development of low-cost products and technologies is likely to act as an opportunity in the future.
  • – Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.

    Scope of the Report:

  • This report studies the global Carbon Fiber Reinforced Plastic (CFRP) market size, industry status and forecast, competition landscape and growth opportunity.

    Carbon Fiber Reinforced Plastic (CFRP) Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Carbon Fiber Reinforced Plastic (CFRP) market?
    • What are the key market trends impacting the growth of the global Carbon Fiber Reinforced Plastic (CFRP) market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Carbon Fiber Reinforced Plastic (CFRP) market?
    • What are the market opportunities and threats faced by the vendors in the global Carbon Fiber Reinforced Plastic (CFRP) market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Carbon Fiber Reinforced Plastic (CFRP) market?

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    Key Market Trends:

    Increasing Demand from Automotive Sector

    – Growing environmental concerns, due to the increasing amounts of exhaust emissions are consistently putting pressure on automobile manufacturers to manufacture vehicles that are fuel-efficient and, in turn, that aid in minimizing emissions. Light-weight materials and designs have become an important aspect when designing and manufacturing automobiles.
    – In addition, driving dynamics are also a major point of interest. The shifting focus of the governments across the world toward minimizing carbon emissions and enhancing the fuel economy (as per Corporate Average Fuel Economy standards) of the vehicle has increased the importance of lightweight materials in the production of automobiles.
    – Carbon fiber reinforced plastics (CFRP) are considered to be a key ingredient in numerous areas of the automobile industry. They aid in reducing carbon emissions and ensure the creation of lightweight and environment-friendly vehicles. Automobile manufacturers have started replacing steel and aluminum components (used in the manufacturing the automotive components and parts, and body) with CFRP.
    – With the growing demand from the automotive sector, the maket for Carbon fiber reinforced plastics (CFRP) is projected to increase at a high rate during the forecast period.

    Asia-Pacific Region to Dominate the Market

    – Asia-Pacific accounted for the largest share in the global CFRP market owing to widespread adoption in industrial and automotive sectors in countries, like India and China.
    – The aviation industry in China is said to be adding around 6,000 new airplanes between 2016 and 2033. China’s domestic air passenger market experienced the biggest incremental rise, in terms of the number of journeys made by passengers in 2018, when compared to 2017. The increase in the number of passengers encourages the government to invest more in the production of more flights, which, in turn, increases the consumption of CFRP.
    – Japan has its own Japan Carbon Fiber Manufacturers Association, which merged with the Japan Chemical Fibers Association in July 2014. The major end-user industry which uses CFRP in Japan includes aircraft and aerospace, automobiles, sports and recreational, building and civil engineering, wind energy, electronics, and medical science.
    – Industries like sports & leisure, building & construction, and wind power industry, are continuously finding newer applications for CFRPs, which will further ignite the growth of CFRP market in Asia-Pacific during the studied period.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Carbon Fiber Reinforced Plastic (CFRP) Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Carbon Fiber Reinforced Plastic (CFRP) .

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    Report Objectives:

    • Analyzing the size of the Carbon Fiber Reinforced Plastic (CFRP) market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Carbon Fiber Reinforced Plastic (CFRP) market.
    • Determining the key dynamics of the Carbon Fiber Reinforced Plastic (CFRP) market.
    • Highlighting significant trends of the Carbon Fiber Reinforced Plastic (CFRP) market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Carbon Fiber Reinforced Plastic (CFRP) market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Carbon Fiber Reinforced Plastic (CFRP) market.

    Detailed TOC of Carbon Fiber Reinforced Plastic (CFRP) Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Growing Demand from Aerospace Industry
    4.1.2 Rising Demand for Fuel Efficient and Light-weight Vehicles
    4.2 Restraints
    4.2.1 High Cost of the CRFP
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5.1 Resin Type
    5.1.1 Thermosetting CFRP
    5.1.2 Thermoplastics CFRP
    5.2 End-User Industry
    5.2.1 Aerospace
    5.2.2 Automotive
    5.2.3 Sports and Leisure
    5.2.4 Building & Construction
    5.2.5 Wind Power Industry
    5.2.6 Other Industries
    5.3 Geography
    5.3.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
    5.3.2 North America United States Canada Mexico
    5.3.3 Europe Germany United Kingdom Italy France Rest of Europe
    5.3.4 South America Brazil Argentina Rest of South America
    5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Solvay
    6.4.2 Hexcel Corp
    6.4.3 Formosa Plastics Corporation
    6.4.4 Mitsubishi Rayon Co., Ltd.
    6.4.5 Nippon Graphite Fiber Corp.
    6.4.6 SABIC
    6.4.7 Teijin Limited
    6.4.8 Toray Industries, Inc.
    6.4.9 Allred & Associates Inc.
    6.4.10 Rochling Group
    6.4.11 Nikkiso Co Ltd

    7.1 Shifting Focus towards the Development of Low Cost Products and technologies


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