CFおよびCFRP市場 – 2030年までの予測

CF & CFRP Market - Global Forecast To 2030

CFおよびCFRP市場 - 前駆体の種類(PAN、ピッチ)、供給源、樹脂の種類、製造プロセス(レイアップ、圧縮成形、樹脂トランスファー成形、フィラメントワインディング、射出成形、プルトルージョン)、最終用途産業、地域別 - 2030年までの予測
CF & CFRP Market by Precursor Type (PAN, Pitch), Source, Resin Type, Manufacturing Process (Lay-Up, Compression Molding, Resin Transfer Molding, Filament Winding, Injection Molding, Pultrusion), End-use Industry, and Region - Forecast to 2030

商品番号 : SMB-83300

出版社MarketsandMarkets
出版年月2025年7月
ページ数364
図表数463
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本調査レポートは、CF(炭素繊維)&CFRP(炭素繊維強化プラスチック)市場を、前駆体タイプ(PANおよびピッチ)、供給源(バージンおよびリサイクル)、樹脂タイプ(熱硬化性および熱可塑性)、製造プロセス(レイアップ、圧縮成形、樹脂トランスファー成形、フィラメントワインディング、射出成形、プルトルージョン)、最終用途産業(航空宇宙・防衛、自動車、風力エネルギー、パイプ・タンク、スポーツ用品、土木工学、医療、海洋、電気・電子)、および地域(北米、欧州、アジア太平洋、中東・アフリカ、ラテンアメリカ)別に分類しています。レポートでは、CF&CFRP市場の成長に影響を与える主要要因(推進要因、制約要因、課題、機会など)に関する詳細な情報を提供しています。主要業界プレーヤーを徹底的に調査し、その事業概要、ソリューションとサービス、主要戦略、そしてCF&CFRP市場の最新動向に関する洞察を提供しています。また、CF&CFRP市場エコシステムにおける新興企業の競合分析も含まれています。

The CFRP market is estimated at USD 22.48 billion in 2025 and is projected to reach USD 35.55 billion by 2030, at a CAGR of 9.6% from 2025 to 2030. Pitch precursor accounted for the second-largest share due to its unique combination of properties and the growing demand in high-performance industries. While polyacrylonitrile (PAN) remains the dominant precursor, pitch-based carbon fibers derived from petroleum-based pitch offer superior mechanical properties and high thermal stability. They possess excellent tensile strength, exceeding 5 GPa, which is comparable to steel. Moreover, their specific stiffness is twice that of aluminum, making them ideal for lightweight applications. Pitch carbon fibers exhibit exceptional resistance to corrosion, chemicals, and extreme temperatures, enabling their use in demanding environments. Their high thermal conductivity ensures efficient heat dissipation, making them suitable for heat-sensitive applications.

CFRP市場は2025年に224億8000万米ドルに達すると推定され、2030年には355億5000万米ドルに達し、2025年から2030年にかけて9.6%のCAGRで成長すると予測されています。ピッチ前駆体は、そのユニークな特性の組み合わせと高性能産業における需要の高まりにより、2番目に大きなシェアを占めました。ポリアクリロニトリル(PAN)が依然として主要な前駆体である一方、石油系ピッチから得られるピッチ系炭素繊維は、優れた機械的特性と高い熱安定性を備えています。それらは優れた引張強度を持ち、5GPaを超えており、これは鋼鉄に匹敵します。さらに、それらの比剛性はアルミニウムの2倍であり、軽量用途に最適です。ピッチ系炭素繊維は、腐食、化学薬品、および極端な温度に対して並外れた耐性を示し、要求の厳しい環境での使用を可能にします。それらの高い熱伝導性は効率的な熱放散を保証し、熱に敏感な用途に適しています。

CFおよびCFRP市場 - 2030年までの予測
carbon-fiber-composites-market-chosareport

‘‘In terms of value, virgin carbon fiber accounted for the largest share of the overall CF market.’’

The virgin segment accounted for the largest market share due to its exceptional properties, including its lightweight structure, stiffness, and chemical resistance, which make it indispensable in end-use industries like aerospace & defense, automotive, wind energy, and sporting goods. These industries rely on lightweight materials for improved fuel performance in aircraft and vehicles. The use of virgin carbon fiber is preferred due to its established manufacturing processes and consistent quality, which are critical for high-performance applications. While recycled carbon fiber is gaining traction as a sustainable alternative, virgin carbon fiber remains dominant because of its outstanding mechanical properties and versatile use in structural components.

‘‘In terms of value, thermoplastic accounted for the second-largest share of the overall CFRP market.’’

Thermoplastic resin accounted for the second-largest market share in the overall CFRP market. Thermoplastic CFRPs offer high impact resistance, shorter processing times, recyclability, and easier storage, which makes them increasingly attractive for industries seeking cost-effective and sustainable solutions. These properties are particularly beneficial in end-use industries like automotive and aerospace & defense, where rapid production, lightweighting, and environmental considerations are critical. Advancements in thermoplastic resin technology have further improved their mechanical performance, allowing them to compete more closely with thermosetting CFRPs and driving their adoption in various applications.

‘‘In terms of value, filament winding process accounted for the second-largest share of the overall CFRP market.’’

Filament winding accounted for the second-largest share of the overall CF & CFRP market. In the filament winding process, a rotating mandrel serves as a mold to create an inner surface and a laminate surface outside the product. This process achieves a high degree of fiber loading, resulting in laminates with a high strength-to-weight ratio. It manufactures hollow or circular components such as compressed air tanks, high-pressure CO2 tanks & bottles, water softener systems, rescue air tanks, sailboat masts, CNG tanks, light poles, and other construction materials. This automated method is utilized to produce highly engineered structures, ensuring uniformity, precision, and efficient production with minimal waste.

“The Sporting Goods industry is projected to be the second-fastest-growing end-use industry during the forecast period.”

The sporting goods industry is expected to register the second-fastest growth in the CFRP market during the forecast period. As demand for lightweight, high-performance equipment enhances athletic performance and user experience, the need for CFRP is increasing. The excellent strength-to-weight ratio of CFRP enables manufacturers to create products such as bicycles, tennis racquets, golf clubs, skis, and hockey sticks that are both lightweight and stronger than those made from traditional materials. The rise in professional sports, increasing consumer interest in fitness, and expanding sponsorships and media coverage have further fueled this demand, prompting manufacturers to continuously innovate and adopt CFRP technologies. Advancements in CFRP production technology have improved product durability and made these materials more accessible to a broader range of sporting activities goods.

CFおよびCFRP市場 - 2030年までの予測region
carbon-fiber-composites-market-Region

“North America is projected to register the highest growth rate in the CFRP market during the forecast period.”

North America is projected to be the fastest-growing region in the CFRP market during the forecast period. The North American market will see significant growth in the coming years due to a rising demand for wind energy projects, which has driven the need for more efficient and durable CFRP materials for wind turbine blades. CFRP can help achieve these objectives by reducing weight, enhancing corrosion resistance, and improving performance. The region is continually investing in research & development to meet evolving market demands and regulatory requirements. For instance, there is a growing demand for CFRP products in US from automotive sector for manufacturing lightweight electric vehicles, thereby contributing to environmental sustainability while reducing carbon emissions. This has led to the development of new CFRP manufacturing processes and products, such as using recycled materials or producing lightweight materials that can enhance fuel efficiency in vehicles.

This study has been validated through primary interviews with industry experts globally. The 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 Managers – 20%
  • By Region: North America – 15%, Europe – 50%, Asia Pacific – 20%, the Middle East & Africa – 5%, and Latin America – 10%

The report provides a comprehensive analysis of the following companies:

Prominent companies in this market include Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Corporation (Japan), Hexcel Corporation (US), Syensqo (Belgium), SGL Carbon (Germany), HS Hyosung Advanced Materials (South Korea), Zhongfu Shenying Carbon Fiber Co., Ltd. (China), Kureha Corporation (Japan), DowAksa (Turkey), Weihai Guangwei Composite Materials Co., Ltd. (China), UMATEX (Russia), Jilin Chemical Fiber Group Co., Ltd. (China), Jiangsu Hengshen Co., Ltd. (China), and China National Bluestar (Group) Co., Ltd. (China).

CFおよびCFRP市場 - 2030年までの予測 ecosystem
carbon-fiber-composites-market-Ecosystem

Research coverage

This research report categorizes the CF & CFRP market by precursor type (PAN and pitch), source (virgin and recycled), resin type (thermosetting and thermoplastic), manufacturing process (lay-up, compression molding, resin transfer molding, filament winding, injection molding, and pultrusion), end-use industry (aerospace & defense, automotive, wind energy, pipe & tank, sporting goods, civil engineering, medical, marine, and electrical & electronics), and region (North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America). The scope of the report includes detailed information about the major factors influencing the growth of the CF & CFRP market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions and services, key strategies, and recent developments in the CF & CFRP market are all covered. This report includes a competitive analysis of upcoming startups in the CF & CFRP market ecosystem.

Reasons to buy this report:

The report will help 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. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and 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 (growth in manufacturing of satellite parts, high demand from aerospace & defense industry, rising adoption in automobile applications due to stringent eco-friendly regulations, increased use in wind energy industry, and rising demand for regular tow carbon in pressure vessels), restraints (high production cost, lack of standardization in manufacturing technologies, and damage repair and compatibility issues), opportunities (increased investments in the development of low-cost coal-based carbon fibers, potential opportunities in new applications, increasing demand for fuel cell electric vehicles (FCEVs), increasing use in 3D printing, advancements in carbon fiber recycling technologies), and challenges (production of low-cost carbon fiber, capital-intensive production and complex manufacturing processes, and recyclability issues) influencing the growth of the CF & CFRP market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and 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 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), Syensqo (Belgium), SGL Carbon (Germany), HS Hyosung Advanced Materials (South Korea), Zhongfu Shenying Carbon Fiber Co., Ltd. (China), Kureha Corporation (Japan), DowAksa (Turkey), Weihai Guangwei Composite Materials Co., Ltd. (China), UMATEX (Russia), Jilin Chemical Fiber Group Co., Ltd. (China), Jiangsu Hengshen Co., Ltd. (China), and China National Bluestar (Group) Co., Ltd. (China) in the CF & CFRP market.

Table of Contents

1               INTRODUCTION              30

1.1           STUDY OBJECTIVES       30

1.2           MARKET DEFINITION   30

1.3           STUDY SCOPE   31

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      31

1.3.2        INCLUSIONS & EXCLUSIONS OF STUDY 32

1.3.3        YEARS CONSIDERED      33

1.3.4        CURRENCY CONSIDERED            33

1.3.5        UNIT CONSIDERED        33

1.4           STAKEHOLDERS               33

1.5           SUMMARY OF CHANGES               34

2               RESEARCH METHODOLOGY       35

2.1           RESEARCH DATA              35

2.1.1        SECONDARY DATA          36

2.1.1.1    Key data from secondary sources       36

2.1.2        PRIMARY DATA 37

2.1.2.1    Key data from primary sources           37

2.1.2.2    Key primary participants     37

2.1.2.3    Breakdown of primary interviews      38

2.1.2.4    Key industry insights           38

2.2           MARKET SIZE ESTIMATION         38

2.2.1        BOTTOM-UP APPROACH              39

2.2.2        TOP-DOWN APPROACH                39

2.3           BASE NUMBER CALCULATION   40

2.3.1        APPROACH 1: SUPPLY-SIDE ANALYSIS   40

2.3.2        APPROACH 2: DEMAND-SIDE ANALYSIS                40

2.4           MARKET FORECAST APPROACH                41

2.4.1        SUPPLY SIDE     41

2.4.2        DEMAND SIDE  41

2.5           DATA TRIANGULATION                41

2.6           FACTOR ANALYSIS          43

2.7           RESEARCH ASSUMPTIONS           43

2.8           RESEARCH LIMITATIONS AND RISK ASSESSMENT                 44

3               EXECUTIVE SUMMARY  45

4               PREMIUM INSIGHTS       50

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN  CF & CFRP MARKET   50

4.2           CFRP MARKET, BY END-USE INDUSTRY AND REGION                 51

4.3           CF MARKET, BY PRECURSOR      51

4.4           CF MARKET, BY SOURCE               52

4.5           CFRP MARKET, BY RESIN TYPE  52

4.6           CFRP MARKET, BY MANUFACTURING PROCESS 53

4.7           CFRP MARKET, BY END-USE INDUSTRY 53

4.8           CFRP MARKET, BY KEY COUNTRY            54

5               MARKET OVERVIEW       55

5.1           INTRODUCTION              55

5.2           MARKET DYNAMICS       55

5.2.1        DRIVERS               56

5.2.1.1    Growth in manufacturing of satellite parts       56

5.2.1.2    High usage in aerospace & defense industry    56

5.2.1.3    Rising adoption in automobile applications due to stringent

eco-friendly regulations       57

5.2.1.4    Increased use in wind energy industry              57

5.2.1.5    Rising demand for regular tow carbon in pressure vessels                 58

5.2.2        RESTRAINTS      59

5.2.2.1    High production cost           59

5.2.2.2    Lack of standardization in manufacturing technologies 59

5.2.2.3    Damage repair and compatibility issues           59

5.2.3        OPPORTUNITIES              59

5.2.3.1    Increased investments in development of low-cost coal-based carbon fibers         59

5.2.3.2    Potential opportunities in new applications     60

5.2.3.3    Increasing demand for fuel cell electric vehicles              60

5.2.3.4    Increasing use in 3D printing             61

5.2.3.5    Advancements in carbon fiber recycling technologies    61

5.2.4        CHALLENGES    61

5.2.4.1    Production of low-cost carbon fiber  61

5.2.4.2    Capital-intensive production and complex manufacturing process   61

5.2.4.3    Recyclability issues               62

5.3           PORTER’S FIVE FORCES ANALYSIS           62

5.3.1        THREAT OF NEW ENTRANTS      63

5.3.2        THREAT OF SUBSTITUTES          63

5.3.3        BARGAINING POWER OF SUPPLIERS       63

5.3.4        BARGAINING POWER OF BUYERS             63

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 64

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     64

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           64

5.4.2        BUYING CRITERIA           65

5.5           SUPPLY CHAIN ANALYSIS             66

5.6           ECOSYSTEM ANALYSIS  67

5.7           PRICING ANALYSIS          68

5.7.1        AVERAGE SELLING PRICE TREND OF KEY PLAYERS,

BY END-USE INDUSTRY, 2024      68

5.7.2        AVERAGE SELLING PRICE, BY SOURCE   70

5.7.3        AVERAGE SELLING PRICE, BY PRECURSOR TYPE                 70

5.7.4        AVERAGE SELLING PRICE, BY END-USE INDUSTRY                 70

5.7.5        AVERAGE SELLING PRICE, BY REGION   70

5.8           VALUE CHAIN ANALYSIS               71

5.9           TRADE ANALYSIS             72

5.9.1        EXPORT SCENARIO (HS CODE 681511)    72

5.9.2        IMPORT SCENARIO (HS CODE 681511)    73

5.10         TECHNOLOGY ANALYSIS             74

5.10.1      KEY TECHNOLOGIES FOR CFRP MANUFACTURING PROCESSES         74

5.10.1.1  Rapid integrated molding technology                74

5.10.1.2  Vacuum-assisted resin transfer molding           74

5.10.1.3  Out of autoclave technology                75

5.10.2      COMPLEMENTARY TECHNOLOGIES FOR MANUFACTURING CFRP               75

5.10.2.1  Automated fiber placement                 75

5.10.2.2  3D printing            75

5.11         IMPACT OF AI/GEN AI ON CF & CFRP MARKET   76

5.11.1      TOP USE CASES AND MARKET POTENTIAL          76

5.11.2      BEST PRACTICES IN CF & CFRP MARKET               76

5.11.3      CASE STUDIES OF AI IMPLEMENTATION IN CF & CFRP MARKET               77

5.12         MACROECONOMIC OUTLOOK  77

5.12.1      INTRODUCTION              77

5.12.2      GDP TRENDS AND FORECAST   77

5.12.3      TRENDS IN GLOBAL AEROSPACE & DEFENSE INDUSTRY                 79

5.12.4      TRENDS IN GLOBAL WIND ENERGY INDUSTRY 79

5.12.5      TRENDS IN GLOBAL AUTOMOTIVE INDUSTRY  79

5.13         PATENT ANALYSIS          80

5.13.1      INTRODUCTION              80

5.13.2      METHODOLOGY              80

5.13.3      PATENT TYPES 80

5.13.4      INSIGHTS            81

5.13.5      LEGAL STATUS 82

5.13.6      JURISDICTION ANALYSIS              82

5.13.7      TOP APPLICANTS            83

5.14         REGULATORY LANDSCAPE         85

5.14.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND  OTHER ORGANIZATIONS             85

5.15         KEY CONFERENCES AND EVENTS, 2025–2026        87

5.16         CASE STUDY ANALYSIS 88

5.16.1      MITSUBISHI’S DEVELOPMENT OF CARBON FIBER-REINFORCED PLASTICS FOR STRUCTURAL AIRCRAFT PARTS                 88

5.16.2      SGL CARBON’S CLIMATE-FRIENDLY CARBON FIBER TO REVOLUTIONIZE SUSTAINABLE MANUFACTURING         89

5.16.3      TRUE TEMPER SPORTS PARTNERS WITH HEXCEL CORPORATION FOR FIRST GOLF SHAFT LINE    89

5.17         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            90

5.18         INVESTMENT AND FUNDING SCENARIO               91

5.19         IMPACT OF 2025 US TARIFF – CF & CFRP MARKET                 91

5.19.1      INTRODUCTION              91

5.19.2      KEY TARIFF RATES          92

5.19.3      PRICE IMPACT ANALYSIS             93

5.19.4      IMPACTS ON COUNTRY/REGION              94

5.19.4.1  US           94

5.19.4.2  Europe   95

5.19.4.3  Asia Pacific            97

5.19.5      IMPACT ON END-USE INDUSTRIES          99

6               CFRP MARKET, BY RESIN TYPE  100

6.1           INTRODUCTION              101

6.2           THERMOSETTING           102

6.2.1        SUPERIOR RESISTANCE TO HIGH TEMPERATURES TO PROPEL MARKET             102

6.2.2        EPOXY  105

6.2.2.1    Increasing demand for epoxy resins from high-end applications, such as aerospace & defense, to propel market                105

6.2.3        VINYL ESTER     105

6.2.3.1    Increased application in transportation, marine, & pipe & tank industries to drive market   105

6.2.4        POLYESTER        105

6.2.4.1    High strength, high rigidity, low temperature impact resistance, and good electrical properties to drive adoption              105

6.2.5        OTHER THERMOSETTING RESINS            106

6.3           THERMOPLASTIC            106

6.3.1        EASY RECYCLABILITY TO DRIVE ADOPTION      106

6.3.2        POLYETHERETHERKETONE (PEEK)        109

6.3.2.1    Extensive use in aerospace & defense applications to drive market                 109

6.3.3        POLYAMIDE (PA)             109

6.3.3.1    Resistance to wear, heat, and chemicals, and good friction to support market growth        109

6.3.4        POLYPROPYLENE (PP)  109

6.3.4.1    Significant demand in automotive applications to drive market                 109

6.3.5        OTHER THERMOPLASTIC RESINS             109

7               CF MARKET, BY PRECURSOR TYPE           110

7.1           INTRODUCTION              111

7.2           POLYACRYLONITRILE-BASED CARBON FIBERS 112

7.2.1        EXTENSIVE USE OF STRUCTURAL MATERIAL COMPOSITES IN AEROSPACE & DEFENSE INDUSTRY TO DRIVE MARKET               112

7.2.2        PAN-BASED CARBON FIBER, BY TOW SIZE            112

7.2.2.1    Small tow (<24K) 113

7.2.2.1.1 Small tow carbon fiber finds major applications in aerospace industry  113

7.2.2.2    Large tow (>24K)                 113

7.2.2.2.1 Wind energy major application of large tow carbon fiber                 113

7.3           PITCH-BASED CARBON FIBER    114

7.3.1        INCREASED USE IN APPLICATIONS REQUIRING HIGH THERMAL CONDUCTIVITY AND ELECTRIC CONDUCTIVITY TO DRIVE MARKET 114

7.3.2        PITCH-BASED CARBON FIBER, BY TOW SIZE       114

8               CF MARKET, BY SOURCE               116

8.1           INTRODUCTION              117

8.2           VIRGIN CARBON FIBER 118

8.2.1        BETTER THERMAL AND MECHANICAL PROPERTIES TO DRIVE MARKET 118

8.3           RECYCLED CARBON FIBER          120

8.3.1        GROWING DEMAND FOR SUSTAINABILITY TO DRIVE ADOPTION         120

9               CFRP MARKET, BY MANUFACTURING PROCESS 123

9.1           INTRODUCTION              124

9.2           LAY-UP PROCESS             126

9.2.1        ABILITY TO PROVIDE SUPERIOR STRENGTH AND WEIGHT TO INCREASE DEMAND              126

9.3           COMPRESSION MOLDING PROCESS        128

9.3.1        SHORT CYCLE TIME AND HIGH PRODUCTION RATE TO DRIVE DEMAND               128

9.4           RESIN TRANSFER MOLDING PROCESS   130

9.4.1        INCREASED COMPRESSION AND OUTSTANDING STRENGTH-TO-WEIGHT RATIOS TO DRIVE DEMAND    130

9.5           FILAMENT WINDING PROCESS  131

9.5.1        NEED FOR HIGHLY ENGINEERED STRUCTURES TO DRIVE ADOPTION           131

9.6           INJECTION MOLDING PROCESS                133

9.6.1        USAGE IN LOW-VOLUME AND LARGE-SIZED COMPONENTS TO DRIVE ADOPTION    133

9.7           PULTRUSION PROCESS 135

9.7.1        COST EFFECTIVE PROCESS FOR RIGID STRUCTURES—KEY FACTOR DRIVING MARKET GROWTH            135

9.8           OTHER MANUFACTURING PROCESSES 136

10            CFRP MARKET, BY END-USE INDUSTRY 139

10.1         INTRODUCTION              140

10.2         AEROSPACE & DEFENSE                143

10.2.1      SUPERIOR AND LIGHTWEIGHT CHARACTERISTICS OF CFRP TO DRIVE MARKET              143

10.2.2      INTERIOR PARTS              143

10.2.3      EXTERIOR PARTS             143

10.3         WIND ENERGY  145

10.3.1      HIGH STRENGTH AND WEIGHT REDUCTION TO DRIVE MARKET               145

10.4         AUTOMOTIVE   147

10.4.1      INCREASING EFFICIENCY TO DRIVE MARKET     147

10.5         SPORTING GOODS          150

10.5.1      GROWING DEMAND FOR CFRP IN SPORTING GOODS  TO DRIVE MARKET         150

10.6         CIVIL ENGINEERING      151

10.6.1      GROWING DEMAND FOR STRUCTURAL STRENGTHENING AND BRIDGE DECK REINFORCEMENT APPLICATIONS TO DRIVE MARKET         151

10.7         PIPE & TANK      153

10.7.1      INCREASING DEMAND FOR TYPE IV CYLINDERS TO DRIVE MARKET 153

10.8         MARINE                154

10.8.1      ANTI-CORROSION AND LIGHTWEIGHT PROPERTIES TO DRIVE MARKET 154

10.9         MEDICAL             156

10.9.1      HIGH STRENGTH, LOW WEIGHT, CORROSION RESISTANCE, AND BIOCOMPATIBILITY TO DRIVE MARKET                 156

10.10       ELECTRICAL & ELECTRONICS    158

10.10.1   SUPERIOR MECHANICAL PROPERTIES TO DRIVE MARKET               158

10.11       OTHER END-USE INDUSTRIES   159

11            CFRP MARKET, BY REGION          161

11.1         INTRODUCTION              162

11.2         NORTH AMERICA             164

11.2.1      NORTH AMERICA: CFRP MARKET, BY RESIN TYPE                 165

11.2.2      NORTH AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS              167

11.2.3      NORTH AMERICA: CFRP MARKET, BY END-USE INDUSTRY           169

11.2.4      NORTH AMERICA: CFRP MARKET, BY COUNTRY                 171

11.2.4.1  US           172

11.2.4.1.1                Presence of well-established industries to drive market                 172

11.2.4.2  Canada   174

11.2.4.2.1                Presence of well-established aerospace industry to fuel demand  174

11.3         EUROPE               177

11.3.1      EUROPE: CFRP MARKET, BY RESIN TYPE               178

11.3.2      EUROPE: CFRP MARKET, BY MANUFACTURING PROCESS              179

11.3.3      EUROPE: CFRP MARKET, BY END-USE INDUSTRY                 181

11.3.4      EUROPE: CFRP MARKET, BY COUNTRY  183

11.3.4.1  GERMANY           184

11.3.4.1.1                Growth of automotive and aerospace industries to drive market    184

11.3.4.2  France    187

11.3.4.2.1                Presence of major aircraft manufacturers to drive market    187

11.3.4.3  UK          189

11.3.4.3.1                Increasing demand for lightweight and high-performance materials to drive market              189

11.3.4.4  Italy         192

11.3.4.4.1                Growing demand for motorsports to drive market                 192

11.3.4.5  Spain      194

11.3.4.5.1                High demand for CFRP from aerospace sector to drive market    194

11.3.4.6  Russia     197

11.3.4.6.1                Presence of major carbon fiber manufacturers to  drive market    197

11.3.4.7  Rest of Europe      199

11.4         ASIA PACIFIC     202

11.4.1      ASIA PACIFIC: CFRP MARKET, BY RESIN TYPE     203

11.4.2      ASIA PACIFIC: CFRP MARKET, BY MANUFACTURING PROCESS              204

11.4.3      ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY                 206

11.4.4      ASIA PACIFIC: CFRP MARKET, BY COUNTRY        208

11.4.4.1  China      209

11.4.4.1.1                Carbon fiber innovations in various sectors to drive market    209

11.4.4.2  Japan      212

11.4.4.2.1                Increasing use of CFRP in consumer electronics to drive market    212

11.4.4.3  Taiwan   214

11.4.4.3.1                Growing demand for bicycles to drive market 214

11.4.4.4  South Korea           217

11.4.4.4.1                Presence of major automotive companies to propel market    217

11.4.4.5  Rest of Asia Pacific               219

11.5         MIDDLE EAST & AFRICA                222

11.5.1      MIDDLE EAST & AFRICA: CFRP MARKET, BY RESIN TYPE                 222

11.5.2      MIDDLE EAST & AFRICA: CFRP MARKET, BY MANUFACTURING PROCESS      223

11.5.3      MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY           225

11.5.4      MIDDLE EAST & AFRICA: CFRP MARKET, BY COUNTRY                 227

11.5.4.1  GCC Countries     229

11.5.4.1.1                UAE        229

11.5.4.1.1.1            Stringent energy-efficiency regulations to drive market                 229

11.5.4.1.2                Saudi Arabia          231

11.5.4.1.2.1            High demand from pipe & tank industry to drive market                 231

11.5.4.1.3                Rest of GCC Countries        234

11.5.4.2  South Africa           236

11.5.4.2.1                Growing wind energy, automotive, and aerospace & defense industries to drive market     236

11.5.4.3  Rest of Middle East & Africa               239

11.6         LATIN AMERICA                241

11.6.1      LATIN AMERICA: CFRP MARKET, BY RESIN TYPE                 242

11.6.2      LATIN AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS              243

11.6.3      LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY           245

11.6.4      LATIN AMERICA: CFRP MARKET, BY COUNTRY  247

11.6.4.1  Brazil      248

11.6.4.1.1                Growth of aerospace & defense and wind energy industries to drive market   248

11.6.4.2  Mexico   250

11.6.4.2.1                Automotive industry to be prominent consumer of CFRP      250

11.6.4.3  Rest of Latin America          253

12            COMPETITIVE LANDSCAPE         255

12.1         OVERVIEW          255

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN            255

12.3         REVENUE ANALYSIS, 2024             258

12.4         MARKET SHARE ANALYSIS, 2024                 259

12.5         BRAND/PRODUCT COMPARATIVE ANALYSIS     261

12.6         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 263

12.6.1      STARS   263

12.6.2      EMERGING LEADERS     263

12.6.3      PERVASIVE PLAYERS      263

12.6.4      PARTICIPANTS 264

12.6.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         265

12.6.5.1  Company footprint               265

12.6.5.2  Region footprint   266

12.6.5.3  Source footprint    267

12.6.5.4  Precursor type footprint      267

12.6.5.5  Resin type footprint              268

12.6.5.6  Manufacturing process footprint        269

12.6.5.7  End-use industry footprint 270

12.7         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        271

12.7.1      PROGRESSIVE COMPANIES         271

12.7.2      RESPONSIVE COMPANIES            271

12.7.3      DYNAMIC COMPANIES  271

12.7.4      STARTING BLOCKS         271

12.7.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 272

12.7.5.1  Detailed list of key startups/SMEs    272

12.7.5.2  Competitive benchmarking of key startups/SMEs          273

12.8         COMPANY VALUATION AND FINANCIAL METRICS                 275

12.9         COMPETITIVE SCENARIO             276

12.9.1      PRODUCT LAUNCHES   276

12.9.2      DEALS  279

12.9.3      EXPANSIONS     283

13            COMPANY PROFILES      286

13.1         KEY PLAYERS     286

13.1.1      TORAY INDUSTRIES, INC.             286

13.1.1.1  Business overview 286

13.1.1.2  Products offered   287

13.1.1.3  Recent developments           291

13.1.1.3.1                Product launches  291

13.1.1.3.2                Deals      292

13.1.1.3.3                Expansions             293

13.1.1.3.4                Other developments             293

13.1.1.4  MnM view              294

13.1.1.4.1                Key strengths        294

13.1.1.4.2                Strategic choices   294

13.1.1.4.3                Weaknesses & competitive threats     294

13.1.2      TEIJIN LIMITED                295

13.1.2.1  Business overview 295

13.1.2.2  Products offered   296

13.1.2.3  Recent developments           298

13.1.2.3.1                Product launches  298

13.1.2.3.2                Deals      298

13.1.2.3.3                Expansions             299

13.1.2.3.4                Other developments             300

13.1.2.4  MnM view              300

13.1.2.4.1                Key strengths        300

13.1.2.4.2                Strategic choices   300

13.1.2.4.3                Weaknesses & competitive threats     300

13.1.3      MITSUBISHI CHEMICAL CORPORATION                301

13.1.3.1  Business overview 301

13.1.3.2  Products offered   302

13.1.3.3  Recent developments           304

13.1.3.3.1                Product launches  304

13.1.3.3.2                Deals      304

13.1.3.4  MnM view              305

13.1.3.4.1                Key strengths        305

13.1.3.4.2                Strategic choices   306

13.1.3.4.3                Weaknesses & competitive threats     306

13.1.4      HEXCEL CORPORATION               307

13.1.4.1  Business overview 307

13.1.4.2  Products offered   308

13.1.4.3  Recent developments           309

13.1.4.3.1                Product launches  309

13.1.4.3.2                Deals      310

13.1.4.3.3                Expansions             311

13.1.4.4  MnM view              312

13.1.4.4.1                Key strengths        312

13.1.4.4.2                Strategic choices   312

13.1.4.4.3                Weaknesses & competitive threats     312

13.1.5      SYENSQO             313

13.1.5.1  Business overview 313

13.1.5.2  Products offered   314

13.1.5.3  Recent developments           316

13.1.5.3.1                Product launches  316

13.1.5.3.2                Deals      316

13.1.5.4  MnM view              317

13.1.5.4.1                Key strengths        317

13.1.5.4.2                Strategic choices   317

13.1.5.4.3                Weaknesses & competitive threats     317

13.1.6      SGL CARBON     318

13.1.6.1  Business overview 318

13.1.6.2  Products offered   319

13.1.6.3  Recent developments           321

13.1.6.3.1                Product launches  321

13.1.6.3.2                Deals      321

13.1.6.3.3                Expansions             322

13.1.6.4  MnM view              322

13.1.6.4.1                Key strengths        322

13.1.6.4.2                Strategic choices   322

13.1.6.4.3                Weaknesses & competitive threats     322

13.1.7      HS HYOSUNG ADVANCED MATERIALS  323

13.1.7.1  Business overview 323

13.1.7.2  Products offered   324

13.1.7.3  Recent developments           325

13.1.7.3.1                Product launches  325

13.1.7.3.2                Deals      325

13.1.7.3.3                Expansions             326

13.1.7.4  MnM view              327

13.1.7.4.1                Key strengths        327

13.1.7.4.2                Strategic choices   327

13.1.7.4.3                Weaknesses & competitive threats     327

13.1.8      ZHONGFU SHENYING CARBON FIBER CO., LTD.                 328

13.1.8.1  Business overview 328

13.1.8.2  Products offered   329

13.1.8.3  Recent developments           330

13.1.8.3.1                Expansions             330

13.1.8.4  MnM view              331

13.1.8.4.1                Key strengths        331

13.1.8.4.2                Strategic choices   331

13.1.8.4.3                Weaknesses & competitive threats     331

13.1.9      KUREHA CORPORATION               332

13.1.9.1  Business overview 332

13.1.9.2  Products offered   333

13.1.9.3  MnM view              333

13.1.9.3.1                Key strengths        333

13.1.9.3.2                Strategic choices   333

13.1.9.3.3                Weaknesses & competitive threats     334

13.1.10   DOWAKSA           335

13.1.10.1                 Business overview 335

13.1.10.2                 Products offered   335

13.1.10.3                 Recent developments           336

13.1.10.3.1             Expansions             336

13.1.10.4                 MnM view              336

13.1.10.4.1             Key strengths        336

13.1.10.4.2             Strategic choices   336

13.1.10.4.3             Weaknesses & competitive threats     336

13.1.11   WEIHAI GUANGWEI COMPOSITE MATERIALS CO., LTD.                 337

13.1.11.1                 Business overview 337

13.1.11.2                 Products offered   338

13.1.11.3                 MnM view              339

13.1.11.3.1             Key strengths        339

13.1.11.3.2             Strategic choices   339

13.1.11.3.3             Weaknesses & competitive threats     339

13.1.12   UMATEX               340

13.1.12.1                 Business overview 340

13.1.12.2                 Products offered   340

13.1.12.3                 MnM view              341

13.1.12.3.1             Key strengths        341

13.1.12.3.2             Strategic choices   341

13.1.12.3.3             Weaknesses & competitive threats     341

13.1.13   JILIN CHEMICAL FIBER GROUP CO., LTD.             342

13.1.13.1                 Business overview 342

13.1.13.2                 Products offered   342

13.1.13.3                 MnM view              343

13.1.13.3.1             Key strengths        343

13.1.13.3.2             Strategic choices   343

13.1.13.3.3             Weaknesses & competitive threats     343

13.1.14   JIANGSU HENGSHEN CO., LTD. 344

13.1.14.1                 Business overview 344

13.1.14.2                 Products offered   344

13.1.14.3                 Recent developments           345

13.1.14.3.1             Expansions             345

13.1.14.4                 MnM view              345

13.1.14.4.1             Key strengths        345

13.1.14.4.2             Strategic choices   345

13.1.14.4.3             Weaknesses & competitive threats     345

13.1.15   CHINA NATIONAL BLUESTAR (GROUP) CO., LTD.                 346

13.1.15.1                 Business overview 346

13.1.15.2                 Products offered   346

13.1.15.3                 MnM view              346

13.1.15.3.1             Key strengths        346

13.1.15.3.2             Strategic choices   347

13.1.15.3.3             Weaknesses & competitive threats     347

13.2         OTHER PLAYERS              348

13.2.1      TAEKWANG INDUSTRIAL CO., LTD.         348

13.2.2      GEN 2 CARBON 349

13.2.3      NIPPON GRAPHITE FIBER CO., LTD.        350

13.2.4      CHANGZHOU JLON COMPOSITE CO., LTD.          351

13.2.5      MALLINDA          352

13.2.6      BCIRCULAR        352

13.2.7      VARTEGA INC.  353

13.2.8      JILIN TANGU CARBON FIBER CO., LTD. 354

13.2.9      WUXI GDE TECHNOLOGY CO., LTD.       355

13.2.10   SINOFIBERS TECHNOLOGY CO., LTD.    356

13.2.11   JILIN JIYAN HIGH-TECH FIBERS CO., LTD.             356

14            APPENDIX           357

14.1         DISCUSSION GUIDE        357

14.2         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                360

14.3         CUSTOMIZATION OPTIONS        362

14.4         RELATED REPORTS         362

14.5         AUTHOR DETAILS           363

LIST OF TABLES

TABLE 1                NEW WIND POWER INSTALLATIONS (OFFSHORE), BY REGION, 2023–2033 (GW)            58

TABLE 2                CF & CFRP MARKET: PORTER’S FIVE FORCES ANALYSIS            64

TABLE 3                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY            65

TABLE 4                KEY BUYING CRITERIA, BY END-USE INDUSTRY                 65

TABLE 5                CF & CFRP MARKET: ROLE IN ECOSYSTEM                 67

TABLE 6                AVERAGE SELLING PRICE OF CFRP MARKET OFFERED BY KEY PLAYERS,

BY END-USE INDUSTRY, 2024 (USD/KG) 69

TABLE 7                AVERAGE SELLING PRICE OF CFRP, BY REGION, 2022–2030 (USD/KG)        70

TABLE 8                TOP 10 EXPORTING COUNTRIES OF CARBON FIBERS IN 2024   73

TABLE 9                TOP 10 IMPORTING COUNTRIES OF CARBON FIBERS IN 2024   74

TABLE 10              TOP USE CASES AND MARKET POTENTIAL                 76

TABLE 11              BEST PRACTICES: COMPANIES IMPLEMENTING USE CASES           76

TABLE 12              CASE STUDIES OF AI IMPLEMENTATION IN CF & CFRP MARKET   77

TABLE 13              GDP PERCENTAGE (%) CHANGE, BY KEY COUNTRY, 2021–2029      77

TABLE 14              CF & CFRP MARKET: TOTAL NUMBER OF PATENTS             80

TABLE 15              LIST OF PATENTS BY TORAY INDUSTRIES, INC.                 83

TABLE 16              LIST OF PATENTS BY TEIJIN LIMITED    84

TABLE 17              US: TOP 10 PATENT OWNERS IN LAST 10 YEARS                 84

TABLE 18              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  85

TABLE 19              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  86

TABLE 20              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  86

TABLE 21              CF & CFRP MARKET: KEY CONFERENCES AND EVENTS, 2025–2026           87

TABLE 22              US-ADJUSTED RECIPROCAL TARIFF RATES                 92

TABLE 23              KEY PRODUCT-RELATED TARIFFS EFFECTIVE FOR CF & CFRP 93

TABLE 24              EXPECTED CHANGE IN PRICES AND IMPACT ON END-USE MARKET DUE TO TARIFFS       93

TABLE 25              CFRP MARKET, BY RESIN TYPE, 2022–2024 (USD MILLION)            101

TABLE 26              CFRP MARKET, BY RESIN TYPE, 2022–2024 (KILOTON)         101

TABLE 27              CFRP MARKET, BY RESIN TYPE, 2025–2030 (USD MILLION)            102

TABLE 28              CFRP MARKET, BY RESIN TYPE, 2025–2030 (KILOTON)         102

TABLE 29              THERMOSETTING: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)            102

TABLE 30              THERMOSETTING: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)     103

TABLE 31              THERMOSETTING: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)            103

TABLE 32              THERMOSETTING: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)     103

TABLE 33              THERMOSETTING: CFRP MARKET, BY RESIN TYPE, 2022–2024 (USD MILLION)                104

TABLE 34              THERMOSETTING: CFRP MARKET, BY RESIN TYPE, 2022–2024 (KILOTON)        104

TABLE 35              THERMOSETTING: CFRP MARKET, BY RESIN TYPE, 2025–2030 (USD MILLION)                104

TABLE 36              THERMOSETTING: CFRP MARKET, BY RESIN TYPE, 2025–2030 (KILOTON)        104

TABLE 37              THERMOPLASTIC: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)            106

TABLE 38              THERMOPLASTIC: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)     106

TABLE 39              THERMOPLASTIC: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)            107

TABLE 40              THERMOPLASTIC: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)     107

TABLE 41              THERMOPLASTIC: CFRP MARKET, BY RESIN TYPE, 2022–2024 (USD MILLION)                107

TABLE 42              THERMOPLASTIC: CFRP MARKET, BY RESIN TYPE, 2022–2024 (KILOTON)        108

TABLE 43              THERMOPLASTIC: CFRP MARKET, BY RESIN TYPE, 2025–2030 (USD MILLION)                108

TABLE 44              THERMOPLASTIC: CFRP MARKET, BY RESIN TYPE, 2025–2030 (KILOTON)        108

TABLE 45              CF MARKET, BY PRECURSOR TYPE, 2022–2024 (USD MILLION) 111

TABLE 46              CF MARKET, BY PRECURSOR TYPE, 2022–2024 (KILOTON)         111

TABLE 47              CF MARKET, BY PRECURSOR TYPE, 2025–2030 (USD MILLION) 112

TABLE 48              CF MARKET, BY PRECURSOR TYPE, 2025–2030 (KILOTON)         112

TABLE 49              PAN-BASED CF MARKET, BY TOW SIZE, 2022–2024 (USD MILLION)       113

TABLE 50              PAN-BASED CF MARKET, BY TOW SIZE, 2022–2024 (KILOTON)                113

TABLE 51              PAN-BASED CF MARKET, BY TOW SIZE, 2025–2030 (USD MILLION)       113

TABLE 52              PAN-BASED CF MARKET, BY TOW SIZE, 2025–2030 (KILOTON)                114

TABLE 53              PITCH-BASED CF MARKET, BY TOW SIZE, 2022–2024 (USD MILLION)       114

TABLE 54              PITCH-BASED CF MARKET, BY TOW SIZE, 2022–2024 (KILOTON)                115

TABLE 55              PITCH-BASED CF MARKET, BY TOW SIZE, 2025–2030 (USD MILLION)       115

TABLE 56              PITCH-BASED CF MARKET, BY TOW SIZE, 2025–2030 (KILOTON)                115

TABLE 57              CF MARKET, BY SOURCE, 2022–2024 (USD MILLION)            117

TABLE 58              CF MARKET, BY SOURCE, 2022–2024 (KILOTON)                 117

TABLE 59              CF MARKET, BY SOURCE, 2025–2030 (USD MILLION)            118

TABLE 60              CF MARKET, BY SOURCE, 2025–2030 (KILOTON)                 118

TABLE 61              VIRGIN: CF MARKET, BY REGION, 2022–2024 (USD MILLION) 119

TABLE 62              VIRGIN: CF MARKET, BY REGION, 2022–2024 (KILOTON)         119

TABLE 63              VIRGIN: CF MARKET, BY REGION, 2025–2030 (USD MILLION) 119

TABLE 64              VIRGIN: CF MARKET, BY REGION, 2025–2030 (KILOTON)         120

TABLE 65              RECYCLED: CF MARKET, BY REGION, 2022–2024 (USD MILLION) 121

TABLE 66              RECYCLED: CF MARKET, BY REGION, 2022–2024 (KILOTON)         121

TABLE 67              RECYCLED: CF MARKET, BY REGION, 2025–2030 (USD MILLION) 121

TABLE 68              RECYCLED: CF MARKET, BY REGION, 2025–2030 (KILOTON)         122

TABLE 69              CFRP MARKET, BY MANUFACTURING PROCESS, 2022–2024 (USD MILLION)            124

TABLE 70              CFRP MARKET, BY MANUFACTURING PROCESS, 2022–2024 (KILOTON)     125

TABLE 71              CFRP MARKET, BY MANUFACTURING PROCESS, 2025–2030 (USD MILLION)            125

TABLE 72              CFRP MARKET, BY MANUFACTURING PROCESS, 2025–2030 (KILOTON)     125

TABLE 73              LAY-UP PROCESS: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)            126

TABLE 74              LAY-UP PROCESS: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)     127

TABLE 75              LAY-UP PROCESS: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)            127

TABLE 76              LAY-UP PROCESS: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)     127

TABLE 77              COMPRESSION MOLDING PROCESS: CFRP MARKET, BY REGION,

2022–2024 (USD MILLION)            128

TABLE 78              COMPRESSION MOLDING PROCESS: CFRP MARKET, BY REGION,

2022–2024 (KILOTON)     128

TABLE 79              COMPRESSION MOLDING PROCESS: CFRP MARKET, BY REGION,

2025–2030 (USD MILLION)            129

TABLE 80              COMPRESSION MOLDING PROCESS: CFRP MARKET, BY REGION,

2025–2030 (KILOTON)     129

TABLE 81              RESIN TRANSFER MOLDING PROCESS: CFRP MARKET, BY REGION,

2022–2024 (USD MILLION)            130

TABLE 82              RESIN TRANSFER MOLDING PROCESS: CFRP MARKET, BY REGION,

2022–2024 (KILOTON)     130

TABLE 83              RESIN TRANSFER MOLDING PROCESS: CFRP MARKET, BY REGION,

2025–2030 (USD MILLION)            131

TABLE 84              RESIN TRANSFER MOLDING PROCESS: CFRP MARKET, BY REGION,

2025–2030 (KILOTON)     131

TABLE 85              FILAMENT WINDING PROCESS: CFRP MARKET, BY REGION,

2022–2024 (USD MILLION)            132

TABLE 86              FILAMENT WINDING PROCESS: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)            132

TABLE 87              FILAMENT WINDING PROCESS: CFRP MARKET, BY REGION,

2025–2030 (USD MILLION)            132

TABLE 88              FILAMENT WINDING PROCESS: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)            133

TABLE 89              INJECTION MOLDING PROCESS: CFRP MARKET, BY REGION,

2022–2024 (USD MILLION)            133

TABLE 90              INJECTION MOLDING PROCESS: CFRP MARKET, BY REGION,

2022–2024 (KILOTON)     134

TABLE 91              INJECTION MOLDING PROCESS: CFRP MARKET, BY REGION,

2025–2030 (USD MILLION)            134

TABLE 92              INJECTION MOLDING PROCESS: CFRP MARKET, BY REGION,

2025–2030 (KILOTON)     134

TABLE 93              PULTRUSION PROCESS: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)          135

TABLE 94              PULTRUSION PROCESS: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)  135

TABLE 95              PULTRUSION PROCESS: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)          136

TABLE 96              PULTRUSION PROCESS: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)  136

TABLE 97              OTHER MANUFACTURING PROCESSES: CFRP MARKET, BY REGION,

2022–2024 (USD MILLION)            137

TABLE 98              OTHER MANUFACTURING PROCESSES: CFRP MARKET, BY REGION,

2022–2024 (KILOTON)     137

TABLE 99              OTHER MANUFACTURING PROCESSES: CFRP MARKET, BY REGION,

2025–2030 (USD MILLION)            137

TABLE 100            OTHER MANUFACTURING PROCESSES: CFRP MARKET, BY REGION,

2025–2030 (KILOTON)     138

TABLE 101            CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)       141

TABLE 102            CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)                141

TABLE 103            CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)       142

TABLE 104            CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)                142

TABLE 105            NEW COMMERCIAL AIRPLANE DELIVERIES, 2025–2044              143

TABLE 106            AEROSPACE & DEFENSE: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)          144

TABLE 107            AEROSPACE & DEFENSE: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)  144

TABLE 108            AEROSPACE & DEFENSE: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)          145

TABLE 109            AEROSPACE & DEFENSE: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)  145

TABLE 110            WIND ENERGY: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)            146

TABLE 111            WIND ENERGY: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)     146

TABLE 112            WIND ENERGY: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)            146

TABLE 113            WIND ENERGY: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)     147

TABLE 114            COST BENEFITS OF CARBON FIBER COMPOSITE COMPONENTS

  1. STEEL COMPONENTS 148

TABLE 115            AUTOMOTIVE: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)            148

TABLE 116            AUTOMOTIVE: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)     149

TABLE 117            AUTOMOTIVE: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)            149

TABLE 118            AUTOMOTIVE: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)     149

TABLE 119            SPORTING GOODS: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)            150

TABLE 120            SPORTING GOODS: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)     150

TABLE 121            SPORTING GOODS: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)            150

TABLE 122            SPORTING GOODS: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)     151

TABLE 123            CIVIL ENGINEERING: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)          151

TABLE 124            CIVIL ENGINEERING: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)  152

TABLE 125            CIVIL ENGINEERING: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)          152

TABLE 126            CIVIL ENGINEERING: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)  152

TABLE 127            PIPE & TANK: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)       153

TABLE 128            PIPE & TANK: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)                153

TABLE 129            PIPE & TANK: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)       154

TABLE 130            PIPE & TANK: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)                154

TABLE 131            MARINE: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION) 155

TABLE 132            MARINE: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)         155

TABLE 133            MARINE: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION) 155

TABLE 134            MARINE: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)         156

TABLE 135            MEDICAL: CFRP MARKET, BY REGION, 2022–2024 (USD MILLION) 156

TABLE 136            MEDICAL: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)         157

TABLE 137            MEDICAL: CFRP MARKET, BY REGION, 2025–2030 (USD MILLION) 157

TABLE 138            MEDICAL: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)         157

TABLE 139            ELECTRICAL & ELECTRONICS: CFRP MARKET, BY REGION,

2022–2024 (USD MILLION)            158

TABLE 140            ELECTRICAL & ELECTRONICS: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)            158

TABLE 141            ELECTRICAL & ELECTRONICS: CFRP MARKET, BY REGION,

2025–2030 (USD MILLION)            158

TABLE 142            ELECTRICAL & ELECTRONICS: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)            159

TABLE 143            OTHER END-USE INDUSTRIES: CFRP MARKET, BY REGION,

2022–2024 (USD MILLION)            159

TABLE 144            OTHER END-USE INDUSTRIES: CFRP MARKET, BY REGION, 2022–2024 (KILOTON)            160

TABLE 145            OTHER END-USE INDUSTRIES: CFRP MARKET, BY REGION,

2025–2030 (USD MILLION)            160

TABLE 146            OTHER END-USE INDUSTRIES: CFRP MARKET, BY REGION, 2025–2030 (KILOTON)            160

TABLE 147            CFRP MARKET, BY REGION, 2022–2024 (USD MILLION)            163

TABLE 148            CFRP MARKET, BY REGION, 2022–2024 (KILOTON)         163

TABLE 149            CFRP MARKET, BY REGION, 2025–2030 (USD MILLION)            163

TABLE 150            CFRP MARKET, BY REGION, 2025–2030 (KILOTON)         164

TABLE 151            NORTH AMERICA: CFRP MARKET, BY RESIN TYPE, 2022–2024 (USD MILLION)                165

TABLE 152            NORTH AMERICA: CFRP MARKET, BY RESIN TYPE, 2022–2024 (KILOTON)        166

TABLE 153            NORTH AMERICA: CFRP MARKET, BY RESIN TYPE, 2025–2030 (USD MILLION)                166

TABLE 154            NORTH AMERICA: CFRP MARKET, BY RESIN TYPE, 2025–2030 (KILOTON)        166

TABLE 155            NORTH AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2022–2024 (USD MILLION)            167

TABLE 156            NORTH AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2022–2024 (KILOTON)     167

TABLE 157            NORTH AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2025–2030 (USD MILLION)            168

TABLE 158            NORTH AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2025–2030 (KILOTON)  168

TABLE 159            NORTH AMERICA: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            169

TABLE 160            NORTH AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             169

TABLE 161            NORTH AMERICA: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            170

TABLE 162            NORTH AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             170

TABLE 163            NORTH AMERICA: CFRP MARKET, BY COUNTRY, 2022–2024 (USD MILLION)            171

TABLE 164            NORTH AMERICA: CFRP MARKET, BY COUNTRY, 2022–2024 (KILOTON)     171

TABLE 165            NORTH AMERICA: CFRP MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            171

TABLE 166            NORTH AMERICA: CFRP MARKET, BY COUNTRY, 2025–2030 (KILOTON)     171

TABLE 167            US: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            172

TABLE 168            US: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)     173

TABLE 169            US: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            173

TABLE 170            US: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     174

TABLE 171            CANADA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)    175

TABLE 172            CANADA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             175

TABLE 173            CANADA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    176

TABLE 174            CANADA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             176

TABLE 175            EUROPE: CFRP MARKET, BY RESIN TYPE, 2022–2024 (USD MILLION)       178

TABLE 176            EUROPE: CFRP MARKET, BY RESIN TYPE, 2022–2024 (KILOTON)                178

TABLE 177            EUROPE: CFRP MARKET, BY RESIN TYPE, 2025–2030 (USD MILLION)       179

TABLE 178            EUROPE: CFRP MARKET, BY RESIN TYPE, 2025–2030 (KILOTON)                179

TABLE 179            EUROPE: CFRP MARKET, BY MANUFACTURING PROCESS,

2022–2024 (USD MILLION)            179

TABLE 180            EUROPE: CFRP MARKET, BY MANUFACTURING PROCESS, 2022–2024 (KILOTON)                180

TABLE 181            EUROPE: CFRP MARKET, BY MANUFACTURING PROCESS,

2025–2030 (USD MILLION)            180

TABLE 182            EUROPE: CFRP MARKET, BY MANUFACTURING PROCESS, 2025–2030 (KILOTON)                180

TABLE 183            EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)    181

TABLE 184            EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             181

TABLE 185            EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    182

TABLE 186            EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             182

TABLE 187            EUROPE: CFRP MARKET, BY COUNTRY, 2022–2024 (USD MILLION)       183

TABLE 188            EUROPE: CFRP MARKET, BY COUNTRY, 2022–2024 (KILOTON)                183

TABLE 189            EUROPE: CFRP MARKET, BY COUNTRY, 2025–2030 (USD MILLION)       183

TABLE 190            EUROPE: CFRP MARKET, BY COUNTRY, 2025–2030 (KILOTON)                184

TABLE 191            GERMANY: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)    185

TABLE 192            GERMANY: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             185

TABLE 193            GERMANY: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    186

TABLE 194            GERMANY: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             186

TABLE 195          FRANCE: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            187

TABLE 196          FRANCE: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)     188

TABLE 197          FRANCE: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            188

TABLE 198          FRANCE: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     189

TABLE 199            UK: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            190

TABLE 200            UK: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)     190

TABLE 201            UK: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            191

TABLE 202            UK: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     191

TABLE 203            ITALY: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            192

TABLE 204            ITALY: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)     193

TABLE 205            ITALY: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            193

TABLE 206            ITALY: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     194

TABLE 207            SPAIN: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            195

TABLE 208            SPAIN: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)     195

TABLE 209            SPAIN: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            196

TABLE 210            SPAIN: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     196

TABLE 211            RUSSIA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            197

TABLE 212            RUSSIA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)     198

TABLE 213            RUSSIA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            198

TABLE 214            RUSSIA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     199

TABLE 215            REST OF EUROPE: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            200

TABLE 216            REST OF EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             200

TABLE 217            REST OF EUROPE: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            201

TABLE 218            REST OF EUROPE: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             201

TABLE 219            ASIA PACIFIC: CFRP MARKET, BY RESIN TYPE, 2022–2024 (USD MILLION)            203

TABLE 220            ASIA PACIFIC: CFRP MARKET, BY RESIN TYPE, 2022–2024 (KILOTON)     203

TABLE 221            ASIA PACIFIC: CFRP MARKET, BY RESIN TYPE, 2025–2030 (USD MILLION)            203

TABLE 222            ASIA PACIFIC: CFRP MARKET, BY RESIN TYPE, 2025–2030 (KILOTON)     203

TABLE 223            ASIA PACIFIC: CFRP MARKET, BY MANUFACTURING PROCESS,

2022–2024 (USD MILLION)            204

TABLE 224            ASIA PACIFIC: CFRP MARKET, BY MANUFACTURING PROCESS,

2022–2024 (KILOTON)     204

TABLE 225            ASIA PACIFIC: CFRP MARKET, BY MANUFACTURING PROCESS,

2025–2030 (USD MILLION)            205

TABLE 226            ASIA PACIFIC: CFRP MARKET, BY MANUFACTURING PROCESS,

2025–2030 (KILOTON)     205

TABLE 227            ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)    206

TABLE 228            ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             206

TABLE 229            ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    207

TABLE 230            ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             207

TABLE 231            ASIA PACIFIC: CFRP MARKET, BY COUNTRY, 2022–2024 (USD MILLION)            208

TABLE 232            ASIA PACIFIC: CFRP MARKET, BY COUNTRY, 2022–2024 (KILOTON)     208

TABLE 233            ASIA PACIFIC: CFRP MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            208

TABLE 234            ASIA PACIFIC: CFRP MARKET, BY COUNTRY, 2025–2030 (KILOTON)     209

TABLE 235            CHINA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            210

TABLE 236            CHINA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)     210

TABLE 237            CHINA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            211

TABLE 238            CHINA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     211

TABLE 239            JAPAN: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            212

TABLE 240            JAPAN: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)     213

TABLE 241            JAPAN: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            213

TABLE 242            JAPAN: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     214

TABLE 243            TAIWAN: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)    215

TABLE 244            TAIWAN: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             215

TABLE 245            TAIWAN: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    216

TABLE 246            TAIWAN: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             216

TABLE 247            SOUTH KOREA: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            217

TABLE 248            SOUTH KOREA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             218

TABLE 249            SOUTH KOREA: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            218

TABLE 250            SOUTH KOREA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             219

TABLE 251            REST OF ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            220

TABLE 252            REST OF ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     220

TABLE 253            REST OF ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            221

TABLE 254            REST OF ASIA PACIFIC: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     221

TABLE 255            MIDDLE EAST & AFRICA: CFRP MARKET, BY RESIN TYPE,

2022–2024 (USD MILLION)            222

TABLE 256            MIDDLE EAST & AFRICA: CFRP MARKET, BY RESIN TYPE, 2022–2024 (KILOTON)           222

TABLE 257            MIDDLE EAST & AFRICA: CFRP MARKET, BY RESIN TYPE,

2025–2030 (USD MILLION)            222

TABLE 258            MIDDLE EAST & AFRICA: CFRP MARKET, BY RESIN TYPE, 2025–2030 (KILOTON)           223

TABLE 259            MIDDLE EAST & AFRICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2022–2024 (USD MILLION)            223

TABLE 260            MIDDLE EAST & AFRICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2022–2024 (KILOTON)     224

TABLE 261            MIDDLE EAST & AFRICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2025–2030 (USD MILLION)            224

TABLE 262            MIDDLE EAST & AFRICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2025–2030 (KILOTON)     225

TABLE 263            MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            225

TABLE 264            MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY,

BY REGION,  2022–2024 (KILOTON)         226

TABLE 265            MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY,

BY REGION,  2025–2030 (USD MILLION)                 226

TABLE 266            MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY,

BY REGION,  2025–2030 (KILOTON)         227

TABLE 267            MIDDLE EAST & AFRICA: CFRP MARKET, BY COUNTRY, 2022–2024 (USD MILLION)     227

TABLE 268            MIDDLE EAST & AFRICA: CFRP MARKET, BY COUNTRY, 2022–2024 (KILOTON)              228

TABLE 269            MIDDLE EAST & AFRICA: CFRP MARKET, BY COUNTRY, 2025–2030 (USD MILLION)     228

TABLE 270            MIDDLE EAST & AFRICA: CFRP MARKET, BY COUNTRY 2025–2030 (KILOTON)               228

TABLE 271            UAE: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            229

TABLE 272            UAE: CFRP MARKET, BY END-USE INDUSTRY, BY REGION, 2022–2024 (KILOTON)  230

TABLE 273            UAE: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            230

TABLE 274            UAE: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     231

TABLE 275            SAUDI ARABIA: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            232

TABLE 276            SAUDI ARABIA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             232

TABLE 277            SAUDI ARABIA: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            233

TABLE 278            SAUDI ARABIA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             233

TABLE 279            REST OF GCC COUNTRIES: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            234

TABLE 280            REST OF GCC COUNTRIES: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     235

TABLE 281            REST OF GCC COUNTRIES: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            235

TABLE 282            REST OF GCC COUNTRIES: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     236

TABLE 283            SOUTH AFRICA: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            237

TABLE 284            SOUTH AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             237

TABLE 285            SOUTH AFRICA: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            238

TABLE 286            SOUTH AFRICA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             238

TABLE 287          REST OF MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            239

TABLE 288          REST OF MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     240

TABLE 289          REST OF MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            240

TABLE 290          REST OF MIDDLE EAST & AFRICA: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     241

TABLE 291            LATIN AMERICA: CFRP MARKET, BY RESIN TYPE, 2022–2024 (USD MILLION)            242

TABLE 292            LATIN AMERICA: CFRP MARKET, BY RESIN TYPE, 2022–2024 (KILOTON)     242

TABLE 293            LATIN AMERICA: CFRP MARKET, BY RESIN TYPE, 2025–2030 (USD MILLION)            242

TABLE 294            LATIN AMERICA: CFRP MARKET, BY RESIN TYPE, 2025–2030 (KILOTON)     242

TABLE 295            LATIN AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2022–2024 (USD MILLION)            243

TABLE 296            LATIN AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2022–2024 (KILOTON)     243

TABLE 297            LATIN AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2025–2030 (USD MILLION)            244

TABLE 298            LATIN AMERICA: CFRP MARKET, BY MANUFACTURING PROCESS,

2025–2030 (KILOTON)     244

TABLE 299            LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            245

TABLE 300            LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             245

TABLE 301            LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            246

TABLE 302            LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             246

TABLE 303            LATIN AMERICA: CFRP MARKET, BY COUNTRY, 2022–2024 (USD MILLION)            247

TABLE 304            LATIN AMERICA: CFRP MARKET, BY COUNTRY, 2022–2024 (KILOTON)     247

TABLE 305            LATIN AMERICA: CFRP MARKET, BY COUNTRY, 2025–2030 (USD MILLION)            247

TABLE 306            LATIN AMERICA: CFRP MARKET, BY COUNTRY, 2025–2030 (KILOTON)     247

TABLE 307            BRAZIL: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)            248

TABLE 308            BRAZIL: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)     249

TABLE 309            BRAZIL: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)            249

TABLE 310            BRAZIL: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)     250

TABLE 311            MEXICO: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (USD MILLION)    251

TABLE 312            MEXICO: CFRP MARKET, BY END-USE INDUSTRY, 2022–2024 (KILOTON)             251

TABLE 313            MEXICO: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION)    252

TABLE 314            MEXICO: CFRP MARKET, BY END-USE INDUSTRY, 2025–2030 (KILOTON)             252

TABLE 315            REST OF LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (USD MILLION)            253

TABLE 316            REST OF LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY,

2022–2024 (KILOTON)     253

TABLE 317            REST OF LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (USD MILLION)            254

TABLE 318            REST OF LATIN AMERICA: CFRP MARKET, BY END-USE INDUSTRY,

2025–2030 (KILOTON)     254

TABLE 319            CF & CFRP MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS,

JANUARY 2020–MARCH 2025         255

TABLE 320          CF & CFRP MARKET: DEGREE OF COMPETITION, 2024        259

TABLE 321            CF & CFRP MARKET: REGION FOOTPRINT                 266

TABLE 322            CF & CFRP MARKET: SOURCE FOOTPRINT                 267

TABLE 323            CF & CFRP MARKET: PRECURSOR TYPE FOOTPRINT       267

TABLE 324            CF & CFRP MARKET: RESIN TYPE FOOTPRINT                 268

TABLE 325            CF & CFRP MARKET: MANUFACTURING PROCESS FOOTPRINT   269

TABLE 326            CF & CFRP MARKET: END-USE INDUSTRY FOOTPRINT       270

TABLE 327            CF & CFRP MARKET: DETAILED LIST OF KEY STARTUPS/SMES              272

TABLE 328            CF & CFRP MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES (1/2)          273

TABLE 329            CF& CFRP MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES (2/2)          274

TABLE 330            CF & CFRP MARKET: PRODUCT LAUNCHES, JANUARY 2020–MAY 2025               276

TABLE 331            CF & CFRP MARKET: DEALS, JANUARY 2020–MAY 2025        279

TABLE 332            CF & CFRP MARKET: EXPANSIONS, JANUARY 2020–MAY 2025   283

TABLE 333            TORAY INDUSTRIES, INC.: COMPANY OVERVIEW          286

TABLE 334            TORAY INDUSTRIES, INC.: PRODUCTS OFFERED                 287

TABLE 335            TORAY INDUSTRIES, INC.: PRODUCT LAUNCHES          291

TABLE 336            TORAY INDUSTRIES, INC.: DEALS             292

TABLE 337            TORAY INDUSTRIES, INC.: EXPANSIONS                 293

TABLE 338            TORAY INDUSTRIES, INC.: OTHER DEVELOPMENTS              293

TABLE 339            TEIJIN LIMITED: COMPANY OVERVIEW 295

TABLE 340            TEIJIN LIMITED: PRODUCTS OFFERED  296

TABLE 341            TEIJIN LIMITED: PRODUCT LAUNCHES 298

TABLE 342            TEIJIN LIMITED: DEALS 298

TABLE 343            TEIJIN LIMITED: EXPANSIONS   299

TABLE 344            TEIJIN LIMITED: OTHER DEVELOPMENTS                 300

TABLE 345            MITSUBISHI CHEMICAL CORPORATION: COMPANY OVERVIEW   301

TABLE 346            MITSUBISHI CHEMICAL CORPORATION: PRODUCTS OFFERED    302

TABLE 347            MITSUBISHI CHEMICAL CORPORATION: PRODUCT LAUNCHES   304

TABLE 348            MITSUBISHI CHEMICAL CORPORATION: DEALS                 304

TABLE 349            HEXCEL CORPORATION: COMPANY OVERVIEW                 307

TABLE 350            HEXCEL CORPORATION: PRODUCTS OFFERED                 308

TABLE 351            HEXCEL CORPORATION: PRODUCT LAUNCHES                 309

TABLE 352            HEXCEL CORPORATION: DEALS                310

TABLE 353            HEXCEL CORPORATION: EXPANSIONS  311

TABLE 354            SYENSQO: COMPANY OVERVIEW              313

TABLE 355            SYENSQO: PRODUCTS OFFERED               314

TABLE 356            SYENSQO: PRODUCT LAUNCHES              316

TABLE 357            SYENSQO: DEALS             316

TABLE 358            SGL CARBON: COMPANY OVERVIEW      318

TABLE 359            SGL CARBON: PRODUCTS OFFERED       319

TABLE 360            SGL CARBON: PRODUCT LAUNCHES      321

TABLE 361            SGL CARBON: DEALS     321

TABLE 362            SGL CARBON: EXPANSIONS        322

TABLE 363            HS HYOSUNG ADVANCED MATERIALS: COMPANY OVERVIEW   323

TABLE 364            HS HYOSUNG ADVANCED MATERIALS: PRODUCTS OFFERED    324

TABLE 365            HS HYOSUNG ADVANCED MATERIALS: PRODUCT LAUNCHES   325

TABLE 366            HS HYOSUNG ADVANCED MATERIALS: DEALS                 325

TABLE 367            HS HYOSUNG ADVANCED MATERIALS: EXPANSIONS     326

TABLE 368            ZHONGFU SHENYING CARBON FIBER CO., LTD.: COMPANY OVERVIEW   328

TABLE 369            ZHONGFU SHENYING CARBON FIBER CO., LTD.: PRODUCTS OFFERED    329

TABLE 370            ZHONGFU SHENYING CARBON FIBER CO., LTD.: EXPANSIONS     330

TABLE 371            KUREHA CORPORATION: COMPANY OVERVIEW                 332

TABLE 372            KUREHA CORPORATION: PRODUCTS OFFERED                 333

TABLE 373            DOWAKSA: COMPANY OVERVIEW            335

TABLE 374            DOWAKSA: PRODUCTS OFFERED             335

TABLE 375            DOWAKSA: EXPANSIONS              336

TABLE 376            WEIHAI GUANGWEI COMPOSITE MATERIALS CO., LTD.: COMPANY OVERVIEW              337

TABLE 377            WEIHAI GUANGWEI COMPOSITE MATERIALS CO., LTD.: PRODUCTS OFFERED               338

TABLE 378            UMATEX: COMPANY OVERVIEW               340

TABLE 379            UMATEX: PRODUCTS OFFERED                340

TABLE 380            JILIN CHEMICAL FIBER GROUP CO., LTD.: COMPANY OVERVIEW   342

TABLE 381            JILIN CHEMICAL FIBER GROUP CO., LTD.: PRODUCTS OFFERED    342

TABLE 382            JIANGSU HENGSHEN CO., LTD.: COMPANY OVERVIEW          344

TABLE 383            JIANGSU HENGSHEN CO., LTD.: PRODUCTS OFFERED             344

TABLE 384            JIANGSU HENGSHEN CO., LTD.: EXPANSIONS                 345

TABLE 385            CHINA NATIONAL BLUESTAR (GROUP) CO., LTD.: COMPANY OVERVIEW       346

TABLE 386            CHINA NATIONAL BLUESTAR (GROUP) CO., LTD.: PRODUCTS OFFERED        346

TABLE 387            TAEKWANG INDUSTRIAL CO., LTD.: COMPANY OVERVIEW          348

TABLE 388            GEN 2 CARBON: COMPANY OVERVIEW  349

TABLE 389            NIPPON GRAPHITE FIBER CO., LTD.: COMPANY OVERVIEW          350

TABLE 390            CHANGZHOU JLON COMPOSITE CO., LTD.: COMPANY OVERVIEW   351

TABLE 391            MALLINDA: COMPANY OVERVIEW           352

TABLE 392            BCIRCULAR: COMPANY OVERVIEW         352

TABLE 393            VARTEGA INC.: COMPANY OVERVIEW   353

TABLE 394            JILIN TANGU CARBON FIBER CO., LTD.: COMPANY OVERVIEW   354

TABLE 395            WUXI GDE TECHNOLOGY CO., LTD.: COMPANY OVERVIEW          355

TABLE 396            SINOFIBERS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW   356

TABLE 397            JILIN JIYAN HIGH-TECH FIBERS CO., LTD.: COMPANY OVERVIEW   356

LIST OF FIGURES

FIGURE 1              CF & CFRP MARKET SEGMENTATION AND REGIONAL SCOPE            31

FIGURE 2              CF & CFRP MARKET: RESEARCH DESIGN                 35

FIGURE 3              CF & CFRP MARKET: BOTTOM-UP APPROACH                 39

FIGURE 4              CF & CFRP MARKET: TOP-DOWN APPROACH                 39

FIGURE 5              CF & CFRP MARKET: DATA TRIANGULATION                 42

FIGURE 6              PAN-BASED CARBON FIBERS SEGMENT TO GROW AT HIGHEST CAGR

DURING FORECAST PERIOD       46

FIGURE 7              VIRGIN CARBON FIBER SEGMENT TO DOMINATE MARKET IN 2025       46

FIGURE 8              THERMOSETTING SEGMENT TO DOMINATE MARKET FROM 2025 TO 2030       47

FIGURE 9              FILAMENT WINDING SEGMENT TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD                 47

FIGURE 10            AEROSPACE & DEFENSE SEGMENT TO DOMINATE MARKET BETWEEN

2025 & 2030          48

FIGURE 11            NORTH AMERICA TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD  49

FIGURE 12            INCREASING DEMAND FROM WIND ENERGY TO DRIVE MARKET 50

FIGURE 13            WIND ENERGY SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2024             51

FIGURE 14            PAN-BASED CARBON FIBERS SEGMENT TO REGISTER HIGHER CAGR

IN MARKET, BY VOLUME              51

FIGURE 15            RECYCLED CARBON FIBERS SEGMENT TO REGISTER HIGHER CAGR, BY VOLUME, DURING FORECASTED PERIOD                52

FIGURE 16            THERMOPLASTIC RESINS SEGMENT TO REGISTER HIGHER CAGR DURING FORECASTED PERIOD                 52

FIGURE 17            FILAMENT WINDING SEGMENT TO REGISTER HIGHEST CAGR,

BY VOLUME, DURING FORECAST PERIOD            53

FIGURE 18            PIPE & TANK SEGMENT TO REGISTER HIGHEST CAGR DURING

FORECASTED PERIOD   53

FIGURE 19            CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         54

FIGURE 20            CF & CFRP MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES     55

FIGURE 21            CF & CFRP MARKET: PORTER’S FIVE FORCES ANALYSIS            62

FIGURE 22            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY            64

FIGURE 23            KEY BUYING CRITERIA, BY END-USE INDUSTRY                 65

FIGURE 24            CF & CFRP MARKET: SUPPLY CHAIN ANALYSIS                 66

FIGURE 25            CF & CFRP MARKET: KEY STAKEHOLDERS IN ECOSYSTEM       67

FIGURE 26            AVERAGE SELLING PRICE TREND OF CFRP OFFERED BY KEY PLAYERS,  BY END-USE INDUSTRY, 2024 (USD/KG)            68

FIGURE 27            AVERAGE SELLING PRICE, 2022–2024 (USD/KG)                 69

FIGURE 28            CF & CFRP MARKET: VALUE CHAIN ANALYSIS                 71

FIGURE 29            EXPORT DATA OF HS CODE 681511-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2022–2024 (USD THOUSAND)                 72

FIGURE 30            IMPORT DATA OF HS CODE 681511-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2022–2024 (USD THOUSAND)                 73

FIGURE 31            PATENT ANALYSIS, BY PATENT TYPE     81

FIGURE 32            PATENT PUBLICATION TRENDS, JANUARY 2015−DECEMBER 2024   81

FIGURE 33            CF & CFRP MARKET: LEGAL STATUS OF PATENTS             82

FIGURE 34            CHINA JURISDICTION REGISTERED HIGHEST NUMBER OF PATENTS  82

FIGURE 35            TORAY INDUSTRIES, INC. REGISTERED HIGHEST NUMBER OF PATENTS               83

FIGURE 36            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   90

FIGURE 37            CF & CFRP MARKET: DEALS AND FUNDING SOARED IN 2021                 91

FIGURE 38            THERMOSETTING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       101

FIGURE 39            PAN-BASED CARBON FIBERS SEGMENT TO DOMINATE MARKET

DURING FORECAST PERIOD       111

FIGURE 40            VIRGIN CARBON FIBER SEGMENT TO DOMINATE MARKET DURING

FORECAST PERIOD         117

FIGURE 41            FILAMENT WINDING PROCESS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 124

FIGURE 42            AEROSPACE & DEFENSE INDUSTRY TO LEAD CONSUMPTION OF CFRP IN 2030               140

FIGURE 43            GERMANY TO BE FASTEST-GROWING CFRP MARKET DURING  FORECAST PERIOD 162

FIGURE 44            NORTH AMERICA: CFRP MARKET SNAPSHOT                 165

FIGURE 45            EUROPE: CFRP MARKET SNAPSHOT        178

FIGURE 46            ASIA PACIFIC: CFRP MARKET SNAPSHOT                 202

FIGURE 47            CF & CFRP MARKET: REVENUE ANALYSIS OF KEY PLAYERS,

2020–2024 (USD MILLION)            258

FIGURE 48            CF & CFRP MARKET SHARE ANALYSIS, 2024                 259

FIGURE 49            CF & CFRP MARKET: TOP TRENDING BRANDS/PRODUCTS      261

FIGURE 50            CF & CFRP MARKET: BRAND/PRODUCT COMPARATIVE ANALYSIS            262

FIGURE 51            CF & CFRP MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024     264

FIGURE 52            CF & CFRP MARKET: COMPANY FOOTPRINT                 265

FIGURE 53            CF & CFRP MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024               272

FIGURE 54            CF & CFRP MARKET: EV/EBITDA OF KEY VENDORS            275

FIGURE 55            CF & CFRP MARKET: COMPANY VALUATION, 2024 (USD BILLION)        275

FIGURE 56            CF & CFRP MARKET: YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS            276

FIGURE 57            TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT          287

FIGURE 58            TEIJIN LIMITED: COMPANY SNAPSHOT 296

FIGURE 59            MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT   302

FIGURE 60            HEXCEL CORPORATION: COMPANY SNAPSHOT                 308

FIGURE 61            SYENSQO: COMPANY SNAPSHOT             314

FIGURE 62            SGL CARBON: COMPANY SNAPSHOT      319

FIGURE 63            HS HYOSUNG ADVANCED MATERIALS: COMPANY SNAPSHOT   324

FIGURE 64            ZHONGFU SHENYING CARBON FIBER CO., LTD.: COMPANY SNAPSHOT   329

FIGURE 65            KUREHA CORPORATION: COMPANY SNAPSHOT                 332

FIGURE 66            WEIHAI GUANGWEI COMPOSITE MATERIALS CO., LTD.: COMPANY SNAPSHOT              338