Carbon Fiber-Reinforced Plastics (CFRP) Market Size, Share, Trends, Industry Growth and Competitive Outlook

Global Carbon Fiber-Reinforced Plastics (CFRP) Market - Industry Trends and Forecast to 2028

Global Carbon Fiber-Reinforced Plastics (CFRP) Market, By Raw Material (Polyacrylonitrile (PAN)-based CFRP, Pitch-based CFRP, Rayon-Based, Others), Type (Thermoset, Thermoplastic), Manufacturing Process (Prepreg Layup, Pultrusion and Winding, Wet Lamination and Infusion, Press and Injection, Others), Application (Aerospace and Defense, Wind Turbines, Automotive, Sports Equipment, Building and Construction, Marine, Defense, Electrical and Electronics, Medical, Civil Engineering, Molding Compounds, Others),  Country (U.S., copyright, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.

The carbon fiber-reinforced plastics (CFRP) market size is expected to grow at a compound annual growth rate of 8.50% for the forecast period of 2021 to 2028.  Data Bridge Market Research report on carbon fiber-reinforced plastics (CFRP) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

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**Segments**

- **By Resin Type**: The CFRP market can be segmented based on the type of resin used in the manufacturing process. Resin types include thermosetting resins like epoxy, vinyl ester, and phenolic, as well as thermoplastic resins such as polyetheretherketone (PEEK) and polyamide.
- **By Manufacturing Process**: Another key segment in the CFRP market is based on the manufacturing process employed. This can include processes like autoclave, resin transfer molding (RTM), prepreg layup, filament winding, and others.
- **By End-Use Industry**: The market for CFRP can also be segmented by the end-use industry where these materials are applied. Industries such as aerospace, automotive, wind energy, sports and leisure, and construction are major segments driving the demand for CFRP.

**Market Players**

- **Toray Industries, Inc.**: A leading player in the CFRP market, Toray Industries offers a wide range of carbon fiber composite materials for various applications and has a strong global presence.
- **SGL Carbon SE**: SGL Carbon is known for its innovative carbon-based solutions and has a significant market share in the CFRP segment, catering to industries like automotive and aerospace.
- **Hexcel Corporation**: Hexcel is a prominent player in the CFRP market, providing advanced composites for aerospace, defense, and industrial applications, known for its high-performance materials.
- **Mitsubishi Chemical Holdings Corporation**: Mitsubishi Chemical is actively involved in the development and production of CFRP materials, serving industries like automotive, renewable energy, and general industrial applications.

The Carbon Fiber-Reinforced Plastics (CFRP) market is highly competitive and dynamic, with key players continually innovating to meet the growing demand for lightweight and high-strength materials across various industries. The market is driven by factors such as increasing focus on fuel efficiency and emission reduction in the automotive sector, rising demand for renewable energy sourcesThe Carbon Fiber-Reinforced Plastics (CFRP) market is experiencing significant growth due to the increasing demand for lightweight, high-strength materials across various industries. One of the key factors driving this growth is the automotive sector's focus on fuel efficiency and emission reduction. With stringent regulations and a push towards sustainable practices, automotive manufacturers are turning to CFRP materials to reduce the weight of vehicles while maintaining structural integrity and safety standards. This trend is expected to drive the demand for CFRP in the automotive industry in the coming years.

Another industry driving the growth of the CFRP market is the aerospace sector. With the aerospace industry constantly seeking ways to reduce weight and improve fuel efficiency, CFRP materials have become a popular choice for aircraft manufacturers. The high strength-to-weight ratio of carbon fiber composites makes them ideal for aerospace applications, where performance and safety are of utmost importance. As aircraft manufacturers look to develop more fuel-efficient and environmentally friendly aircraft, the demand for CFRP materials is expected to rise significantly.

The wind energy sector is also a key driver of growth in the CFRP market. As the world increasingly turns towards renewable energy sources, wind energy has emerged as a sustainable solution for power generation. CFRP materials are widely used in wind turbine blades due to their strength, stiffness, and corrosion resistance. With the growing deployment of wind farms globally, the demand for CFRP materials in the wind energy sector is expected to see steady growth.

The sports and leisure industry is another important segment driving the demand for CFRP materials. From sporting goods like tennis rackets, golf clubs, and bicycles to recreational equipment like kayaks and fishing rods, carbon fiber composites are valued for their lightweight properties and high performance. As consumers seek high-quality, durable products for sports and leisure activities, the demand for CFRP materials in this industry is expected to remain strong.

In conclusion, the CFRP market is poised for significant growth driven by increasing demand from key industries such as automotive, aerospace, wind energy, and**Segments:**

- **By Raw Material**:
- **By Type**:
- **By Manufacturing Process**:
- **By Application**:
- **By Country**:

Global Carbon Fiber-Reinforced Plastics (CFRP) Market is witnessing significant growth across various segments based on raw material, type, manufacturing process, application, and country. Polyacrylonitrile (PAN)-based CFRP, pitch-based CFRP, rayon-based, and other raw materials play a crucial role in differentiating the types of CFRP available in the market. The distinction between thermoset and thermoplastic types further adds to the product differentiation, allowing manufacturers to cater to specific industry requirements efficiently. Similarly, the manufacturing process segment encompasses prepreg layup, pultrusion and winding, wet lamination and infusion, press and injection, and other techniques that influence the quality and performance of CFRP products. The diverse application range, including aerospace and defense, wind turbines, automotive, sports equipment, building and construction, marine, defense, electrical and electronics, medical, civil engineering, molding compounds, and other industries, reflects the versatile nature of CFRP materials.

The global CFRP market presents a broad geographical scope, with key regions like the U.S., copyright, Mexico, Brazil, Argentina, Germany, France, Italy, U.K., Japan, China, India, Australia, U.A.E, Saudi Arabia, South Africa, and others driving market dynamics. Industry trends indicate a

 

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

Core Objective of Carbon Fiber-Reinforced Plastics (CFRP) Market:

Every firm in the Carbon Fiber-Reinforced Plastics (CFRP) Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

  • Size of the Carbon Fiber-Reinforced Plastics (CFRP) Market and growth rate factors.

  • Important changes in the future Carbon Fiber-Reinforced Plastics (CFRP) Market.

  • Top worldwide competitors of the Market.

  • Scope and product outlook of Carbon Fiber-Reinforced Plastics (CFRP) Market.

  • Developing regions with potential growth in the future.

  • Tough Challenges and risk faced in Market.

  • Global Carbon Fiber-Reinforced Plastics (CFRP) top manufacturers profile and sales statistics.


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