出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年11月
CFRTP Market – Global Forecast to 2028
熱可塑性樹脂（CFRTP）市場 : 製品タイプ (連続、長尺、短尺)、樹脂タイプ (PA、PEEK、PPS、PC、PP)、用途 (航空宇宙＆防衛、家庭用電化製品、輸送)、地域 (北米、欧州、APAC、ラテンアメリカ、MEA) – 2028年までの世界予測
CFRTP Market by Product Type (Continuous, Long, Short), Resin Type (PA, PEEK, PPS, PC, PP), Application (Aerospace & Defense, Consumer Electronics, Transportation), and Region (North America, Europe, APAC, Latin America, MEA) – Global Forecast to 2028
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| 種別 | 英文調査報告書 |
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Report Overview
The CFRTP market is projected to grow from USD 8.9 billion in 2023 to USD 16.8 billion by 2028, at a CAGR of 13.5% during the forecast period. Thermoplastic resin has been used with continuous fiber to create structural composite products. The main advantage of thermoplastic resin as a matrix material is that the composite formed can be reshaped and reformed, unlike thermoset resin. The composite formed is also easily recyclable; their use has increased significantly in the last decade. Some of the major resins considered in the CFRTP market are polyamide (PA), polyether ether ketone (PEEK), polyphenylene sulfide (PPS), polycarbonate (PC), polypropylene (PP), and others.
‘‘In terms of value, continuous carbon fiber accounted for the largest share of the overall CFRTP market.’’
Continuous carbon fibers offer higher tensile strength than other carbon fiber product types. These fibers can be used in layup, weaving, prepreg, filament winding, braiding, and pultrusion processes for manufacturing composite parts for various end-use industries such as aerospace & defense, automotive, and wind energy. Continuous carbon fibers are ideal for making unidirectional tapes used in aerospace and FRP tank applications. Thermoplastic composites from carbon fibers are used in aircraft components such as fuselage and wing structures. Such fibers are also used to produce innovative, lightweight, large-dimension components.
‘‘In terms of value, automotive application accounted for the second largest share of the overall CFRTP market.’’
Over the past few decades, many supercars have incorporated CFRTP extensively in their manufacturing, using it for their exterior, interior, chassis, powertrain, under the hood (UTH), and other components. CFRTPs are used by low-volume manufacturers for creating body panels of high-end cars due to their increased strength and decreased weight compared to traditional materials. Using CFRTPs in a vehicle can reduce the weight and size of its frame. Until recently, CFRTP has had limited use in mass-produced cars because of the expense of materials, equipment, and the relatively limited pool of individuals with expertise.
“During the forecast period, the CFRTP market in Asia Pacific region is projected to register the highest CAGR.”
The growth of the CFRTP market in the Asia Pacific is driven by increasing consumption in various industries such as aerospace & defense, automotive, consumer electronics, and transportation. There is high industrial growth in Japan, China, South Korea, and Taiwan. China has become the single-largest consumer of CFRTP in aerospace & defense applications and is expected to strengthen its position further. Recently, several new CFRTPs were established in China, and various long-term agreements were signed with European automotive companies, which have helped drive the market.
This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:
• By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
• By Designation- C Level- 50%, Director Level- 30%, and Others- 20%
• By Region- North America- 15%, Europe- 50%, Asia Pacific (APAC) – 20%, Latin America-5%, Middle East & Africa -10%.
The report provides a comprehensive analysis of company profiles:
Prominent companies include Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Group Corporation (Japan), Solvay (Belgium), SGL Carbon (Germany), Avient Corporation (US), Celanese Corporation (US), Asahi Kasei Corporation (Japan), RTP Company (US), CompLam Material Co., Ltd. (Taiwan), Ensinger (Germany), and Jiangsu QIYI Technology Co., Ltd. (China), among others.
Research Coverage
This research report categorizes the CFRTP Market by Resin Type (PA, PEEK, PPS, PC, PP, Others), Product Type (Continuous Carbon Fiber, Long Carbon Fiber, Short Carbon Fiber), Application (Aerospace & Defense, Automotive, Consumer Electronics, Transportation, Others), 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 CFRTP 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, contracts, partnerships, and agreements. New product and service launches, mergers and acquisitions, and recent developments in the CFRTP market are all covered. This report includes a competitive analysis of upcoming startups in the CFRTP market ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall CFRTP market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better 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 (Increase in demand of fuel efficient vehicles, Increasing use of CFRTP in aerospace applications, New technological advancements, Flexibility in manufacturing complex shapes and designs), restraints (high raw material and production cost,stiff competition from thermoset composites), opportunities (Growing in new applications, Changing focus of automotive OEMs towards CFRTP), and challenges (Need for low cost technologies, Capital-intensive and complex manufacturing process of carbon fiber) influencing the growth of the CFRTP market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the CFRTP market
• Market Development: Comprehensive information about lucrative markets – the report analyses the CFRTP market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the CFRTP 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 Group Corporation (Japan), Solvay (Belgium), SGL Carbon (Germany), Avient Corporation (US), Celanese Corporation (US), Asahi Kasei Corporation (Japan), RTP Company (US), CompLam Material Co., Ltd. (Taiwan), Ensinger (Germany), and Jiangsu QIYI Technology Co., Ltd. (China), among others in the CFRTP market
Table of Contents
1 INTRODUCTION 35
1.1 STUDY OBJECTIVES 35
1.2 MARKET DEFINITION 35
1.3 INCLUSIONS AND EXCLUSIONS 36
1.4 MARKET SCOPE 36
FIGURE 1 CFRTP MARKET SEGMENTATION 36
1.4.1 REGIONS COVERED 37
1.4.2 YEARS CONSIDERED 37
1.5 CURRENCY CONSIDERED 38
1.6 UNITS CONSIDERED 38
1.7 LIMITATIONS 38
1.8 STAKEHOLDERS 38
1.9 SUMMARY OF CHANGES 39
1.9.1 RECESSION IMPACT 39
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH APPROACH 40
FIGURE 2 CFRTP MARKET: RESEARCH DESIGN 41
2.2 BASE NUMBER CALCULATION 42
2.2.1 SUPPLY-SIDE APPROACH 42
2.2.2 DEMAND-SIDE APPROACH 42
2.3 RECESSION IMPACT ANALYSIS 42
FIGURE 3 MAJOR FACTORS ATTRIBUTED TO GLOBAL RECESSION AND THEIR IMPACT ON CFRTP MARKET 43
2.4 FORECAST NUMBER CALCULATION 43
2.5 RESEARCH DATA 43
2.5.1 SECONDARY DATA 44
2.5.1.1 Key data from secondary sources 44
2.5.2 PRIMARY DATA 44
2.5.2.1 Key data from primary sources 45
2.5.2.2 Primary interviews with top CFRTP manufacturers 45
2.5.2.3 Breakdown of primary interviews 45
2.5.2.4 Key industry insights 46
2.6 MARKET SIZE ESTIMATION 46
2.6.1 BOTTOM-UP APPROACH 46
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 47
2.6.2 TOP-DOWN APPROACH 47
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 47
2.7 DATA TRIANGULATION 47
FIGURE 6 CFRTP MARKET: DATA TRIANGULATION 48
2.8 RESEARCH ASSUMPTIONS 49
2.9 GROWTH FORECAST 49
2.10 RESEARCH LIMITATIONS 50
2.11 RISKS 50
3 EXECUTIVE SUMMARY 51
FIGURE 7 PEEK TO BE FASTEST-GROWING RESIN TYPE DURING FORECAST PERIOD 52
FIGURE 8 CONTINUOUS CARBON FIBER TO BE FASTEST-GROWING PRODUCT TYPE IN CFRTP MARKET 53
FIGURE 9 AEROSPACE & DEFENSE APPLICATION DOMINATED MARKET IN 2022 54
FIGURE 10 EUROPE DOMINATED CFRTP MARKET IN 2022 55
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CFRTP MARKET 56
FIGURE 11 SIGNIFICANT GROWTH EXPECTED IN CFRTP MARKET BETWEEN 2023 AND 2028 56
4.2 CFRTP MARKET, BY PRODUCT TYPE AND REGION 57
FIGURE 12 CONTINUOUS FORM AND ASIA PACIFIC WERE LARGEST MARKETS IN 2022 57
4.3 CFRTP MARKET, BY RESIN TYPE 57
FIGURE 13 PP RESIN TYPE SEGMENT DOMINATED MARKET IN 2022 57
4.4 CFRTP MARKET, BY APPLICATION 58
FIGURE 14 AEROSPACE & DEFENSE WAS LARGEST APPLICATION IN 2022 58
4.5 CFRTP MARKET, BY KEY COUNTRY 58
FIGURE 15 CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 59
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CFRTP MARKET 59
5.2.1 DRIVERS 60
5.2.1.1 Increasing demand for fuel-efficient vehicles 60
TABLE 1 EUROPEAN UNION: CO2 EMISSION STANDARDS FOR NEW PASSENGER CARS (G/KM) 60
5.2.1.2 High demand for CFRTP in aerospace applications 60
TABLE 2 BOEING PLANE ORDERS 61
5.2.1.3 Technological advancements in CFRTP market 61
5.2.1.4 Flexibility in manufacturing complex shapes and designs 61
5.2.2 RESTRAINTS 62
5.2.2.1 High raw material and production costs 62
5.2.2.2 Stiff competition from thermoset composites 62
5.2.3 OPPORTUNITIES 62
5.2.3.1 High demand for CFRTP in wind energy projects 62
5.2.3.2 Changing focus of automotive OEMs toward CFRTP 62
5.2.4 CHALLENGES 63
5.2.4.1 Need for low-cost technologies 63
5.2.4.2 Capital-intensive and complex manufacturing process of carbon fibers 63
5.3 PORTER’S FIVE FORCES ANALYSIS 63
FIGURE 17 CFRTP MARKET: PORTER’S FIVE FORCES ANALYSIS 64
5.3.1 BARGAINING POWER OF BUYERS 64
5.3.2 BARGAINING POWER OF SUPPLIERS 65
5.3.3 THREAT FROM NEW ENTRANTS 65
5.3.4 THREAT OF SUBSTITUTES 65
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 65
TABLE 3 CFRTP MARKET: PORTER’S FIVE FORCES ANALYSIS 66
5.4 SUPPLY CHAIN ANALYSIS 66
TABLE 4 CFRTP MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM 66
5.5 PRICING ANALYSIS 67
5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION 67
FIGURE 18 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG) 67
TABLE 5 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG) 67
5.5.2 AVERAGE SELLING PRICE, BY RESIN TYPE 68
FIGURE 19 AVERAGE SELLING PRICE BASED ON RESIN TYPE (USD/KG) 68
5.5.3 AVERAGE SELLING PRICE, BY PRODUCT TYPE 68
FIGURE 20 AVERAGE SELLING PRICE BASED ON PRODUCT TYPE (USD/KG) 68
5.5.4 AVERAGE SELLING PRICE TREND, BY REGION 69
TABLE 6 CFRTP MARKET: AVERAGE SELLING PRICE, BY REGION 69
5.6 TRADE DATA ANALYSIS 69
5.6.1 EXPORT SCENARIO OF CARBON FIBER 69
FIGURE 21 EXPORT OF CARBON FIBER, BY KEY COUNTRY, 2022 (TON) 70
5.6.2 IMPORT SCENARIO OF CARBON FIBER 70
FIGURE 22 IMPORT OF CARBON FIBER, BY KEY COUNTRY, 2022 (TON) 71
5.7 KEY STAKEHOLDERS & BUYING CRITERIA 71
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS 71
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES 71
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES 72
5.7.2 BUYING CRITERIA 72
FIGURE 24 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES 72
TABLE 8 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES 72
5.8 TECHNOLOGY ANALYSIS 72
TABLE 9 COMPARATIVE STUDY OF CFRTP PREPREG MANUFACTURING PROCESSES 73
5.9 ECOSYSTEM MAP 73
FIGURE 25 ECOSYSTEM: CFRTP MARKET 73
5.10 VALUE CHAIN ANALYSIS 74
FIGURE 26 VALUE CHAIN ANALYSIS: CFRTP MARKET 74
5.11 CASE STUDY ANALYSIS 75
5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 75
5.13 TARIFF AND REGULATORY LANDSCAPE 76
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 13 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
5.13.2 STANDARDS RELATED TO CFRTP MARKET 80
TABLE 14 CURRENT STANDARD CODES FOR AUTOMOTIVE COMPOSITES 80
TABLE 15 CURRENT STANDARD CODES FOR CONSTRUCTION COMPOSITES 81
5.14 PATENT ANALYSIS 82
5.14.1 INTRODUCTION 82
5.14.2 METHODOLOGY 82
5.14.3 DOCUMENT TYPES 82
TABLE 16 CFRTP MARKET: GLOBAL PATENTS 82
FIGURE 27 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE 83
FIGURE 28 GLOBAL PATENT PUBLICATION TREND ANALYSIS IN LAST 10 YEARS 83
5.14.4 INSIGHTS 83
5.14.5 LEGAL STATUS 83
FIGURE 29 CFRTP MARKET: LEGAL STATUS OF PATENTS 84
5.14.6 JURISDICTION ANALYSIS 84
FIGURE 30 GLOBAL JURISDICTION ANALYSIS 84
5.14.7 TOP APPLICANTS 85
FIGURE 31 TOP PATENT APPLICANTS IN CFRTP MARKET 85
5.14.8 PATENTS BY TORAY INDUSTRIES, INC. 85
5.14.9 PATENTS BY MITSUBISHI RAYON CO., LTD. 86
5.14.10 PATENTS BY MITSUBISHI CHEMICAL CORPORATION 86
5.14.11 TOP TEN PATENT OWNERS (US) IN LAST 10 YEARS 87
5.15 KEY CONFERENCES & EVENTS IN 2023–2024 87
TABLE 17 KEY CONFERENCES & EVENTS FOR CFRTP AND RELATED MARKETS, 2023–2024 87
6 CFRTP MARKET, BY RESIN TYPE 89
6.1 INTRODUCTION 90
FIGURE 32 PEEK TO DOMINATE MARKET DURING FORECAST PERIOD 90
TABLE 18 CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 90
TABLE 19 CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 91
TABLE 20 CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 91
TABLE 21 CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 91
6.2 POLYAMIDE 92
6.2.1 HIGH THERMAL AND CHEMICAL RESISTANCE TO DRIVE MARKET 92
FIGURE 33 ASIA PACIFIC TO LEAD POLYAMIDE CFRTP MARKET DURING FORECAST PERIOD 92
6.2.2 PA: CFRTP MARKET, BY REGION 93
TABLE 22 PA: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 93
TABLE 23 PA: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 93
TABLE 24 PA: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 93
TABLE 25 PA: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 94
6.3 POLYETHER ETHER KETONE 94
6.3.1 COMPLEX SHAPES AND THERMAL STABILITY TO BOOST MARKET 94
FIGURE 34 NORTH AMERICA TO BE LARGEST REGION FOR PEEK MARKET DURING FORECAST PERIOD 95
6.3.2 PEEK: CFRTP MARKET, BY REGION 95
TABLE 26 PEEK: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 95
TABLE 27 PEEK: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 95
TABLE 28 PEEK: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 96
TABLE 29 PEEK: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 96
6.4 POLYPHENYLENE SULFIDE 96
6.4.1 OPERATIONAL STABILITY AND FLAME-RETARDANT PROPERTIES TO DRIVE MARKET 96
FIGURE 35 ASIA PACIFIC TO BE SECOND-LARGEST PPS MARKET DURING FORECAST PERIOD 97
6.4.2 PPS: CFRTP MARKET, BY REGION 97
TABLE 30 PPS: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 97
TABLE 31 PPS: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 97
TABLE 32 PPS: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 98
TABLE 33 PPS: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 98
6.5 POLYCARBONATE 99
6.5.1 STIFFNESS AND CHEMICAL RESISTANCE TO FUEL MARKET 99
FIGURE 36 ASIA PACIFIC TO RECORD HIGHEST CAGR IN PC CFRTP MARKET DURING FORECAST PERIOD 99
6.5.2 PC: CFRTP MARKET, BY REGION 99
TABLE 34 PC: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 99
TABLE 35 PC: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 100
TABLE 36 PC: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 100
TABLE 37 PC: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 100
6.6 POLYPROPYLENE 101
6.6.1 HIGH DEMAND FROM AUTOMOTIVE SECTOR TO DRIVE MARKET 101
FIGURE 37 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF PP CFRTP MARKET DURING FORECAST PERIOD 101
6.6.2 PP: CFRTP MARKET, BY REGION 101
TABLE 38 PP: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 101
TABLE 39 PP: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 102
TABLE 40 PP: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 102
TABLE 41 PP: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 102
6.7 OTHER RESIN TYPES 103
6.7.1 OTHER RESIN TYPES: CFRTP MARKET, BY REGION 103
TABLE 42 OTHER RESIN TYPES: CFRTP MARKET, 2018–2022 (USD MILLION) 103
TABLE 43 OTHER RESIN TYPES: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 103
TABLE 44 OTHER RESIN TYPES: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 104
TABLE 45 OTHER RESIN TYPES: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 104
7 CFRTP MARKET, BY PRODUCT TYPE 105
7.1 INTRODUCTION 106
FIGURE 38 CONTINUOUS CARBON FIBER SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 106
TABLE 46 CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 106
TABLE 47 CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 106
TABLE 48 CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 107
TABLE 49 CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON) 107
7.2 CONTINUOUS CARBON FIBER 107
7.2.1 HIGH DEMAND FROM AEROSPACE & DEFENSE APPLICATION TO DRIVE MARKET 107
FIGURE 39 NORTH AMERICA TO BE LARGEST CFRTP MARKET DURING FORECAST PERIOD 108
7.2.2 CONTINUOUS FIBER: CFRTP MARKET, BY REGION 108
TABLE 50 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 108
TABLE 51 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 108
TABLE 52 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 109
TABLE 53 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 109
7.3 LONG CARBON FIBER 109
7.3.1 RISING DEMAND FROM AUTOMOTIVE AND SPORTING GOODS INDUSTRIES TO FUEL MARKET 109
FIGURE 40 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 110
7.3.2 LONG FIBER: CFRTP MARKET, BY REGION 110
TABLE 54 LONG FIBER: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 110
TABLE 55 LONG FIBER: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 110
TABLE 56 LONG FIBER: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 111
TABLE 57 LONG FIBER: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 111
7.4 SHORT CARBON FIBER 111
7.4.1 WIDE APPLICATION IN ELECTRONIC DEVICES TO DRIVE MARKET 111
FIGURE 41 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD 112
7.4.2 SHORT FIBER: CFRTP MARKET, BY REGION 112
TABLE 58 SHORT FIBER: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 112
TABLE 59 SHORT FIBER: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 112
TABLE 60 SHORT FIBER: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 113
TABLE 61 SHORT FIBER: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 113
8 CFRTP MARKET, BY APPLICATION 114
8.1 INTRODUCTION 115
FIGURE 42 AEROSPACE APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD 115
TABLE 62 CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 115
TABLE 63 CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 116
TABLE 64 CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 116
TABLE 65 CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 116
8.2 AEROSPACE & DEFENSE 117
8.2.1 ADVANCED DESIGN AND PROCESSING SOLUTIONS TO DRIVE MARKET 117
8.2.2 INTERIOR COMPONENTS 117
8.2.2.1 Seats 117
8.2.2.2 Cabin 117
8.2.3 EXTERIOR COMPONENTS 118
8.2.3.1 Fuselage 118
8.2.3.2 Wings 118
8.2.3.3 Tail boom 118
FIGURE 43 NORTH AMERICA TO LEAD AEROSPACE & DEFENSE CFRTP MARKET DURING FORECAST PERIOD 118
8.2.4 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION 119
TABLE 66 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 119
TABLE 67 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 119
TABLE 68 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 119
TABLE 69 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 120
8.3 AUTOMOTIVE 120
8.3.1 REDUCED WEIGHT AND IMPROVED FUEL ECONOMY TO DRIVE MARKET 120
8.3.2 EXTERIOR COMPONENTS 120
8.3.2.1 Monocoque 120
8.3.2.2 Hood 120
8.3.2.3 Doors 121
8.3.3 INTERIOR COMPONENTS 121
8.3.3.1 Seats 121
8.3.3.2 Dashboard 121
8.3.4 CHASSIS 121
8.3.4.1 Wheels 121
8.3.4.2 Suspensions 121
8.3.5 POWERTRAIN & UNDER HOOD 122
FIGURE 44 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 122
8.3.6 AUTOMOTIVE: CFRTP MARKET, BY REGION 122
TABLE 70 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 122
TABLE 71 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 123
TABLE 72 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 123
TABLE 73 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 123
8.4 CONSUMER ELECTRONICS 124
8.4.1 WEIGHT REDUCTION OF ELECTRONIC DEVICES TO FUEL MARKET 124
8.4.2 LAPTOPS 124
8.4.3 DIGITAL CAMERAS 124
8.4.4 MOBILE HANDSETS 124
FIGURE 45 ASIA PACIFIC TO BE LARGEST MARKET FOR CONSUMER ELECTRONICS DURING FORECAST PERIOD 125
8.4.5 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION 125
TABLE 74 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 125
TABLE 75 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 125
TABLE 76 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 126
TABLE 77 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 126
8.5 TRANSPORTATION 126
8.5.1 CHEMICAL RESISTANCE AND RECYCLABILITY TO FUEL MARKET 126
FIGURE 46 ASIA PACIFIC TO RECORD HIGHEST CAGR IN TRANSPORTATION CFRTP MARKET DURING FORECAST PERIOD 127
8.5.2 TRANSPORTATION: CFRTP MARKET, BY REGION 127
TABLE 78 TRANSPORTATION: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 127
TABLE 79 TRANSPORTATION: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 128
TABLE 80 TRANSPORTATION: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 128
TABLE 81 TRANSPORTATION: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 128
8.6 OTHER APPLICATIONS 129
8.6.1 OTHER APPLICATIONS: CFRTP MARKET, BY REGION 129
TABLE 82 OTHER APPLICATIONS: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 129
TABLE 83 OTHER APPLICATIONS: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 129
TABLE 84 OTHER APPLICATIONS: CFRTP MARKET, 2023–2028 (USD MILLION) 130
TABLE 85 OTHER APPLICATIONS: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 130
9 CFRTP MARKET, BY REGION 131
9.1 INTRODUCTION 132
FIGURE 47 CHINA TO BE FASTEST-GROWING CFRTP MARKET DURING FORECAST PERIOD 132
9.1.1 CFRTP MARKET, BY REGION 133
TABLE 86 CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION) 133
TABLE 87 CFRTP MARKET, BY REGION, 2018–2022 (KILOTON) 133
TABLE 88 CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION) 133
TABLE 89 CFRTP MARKET, BY REGION, 2023–2028 (KILOTON) 134
9.2 NORTH AMERICA 134
9.2.1 RECESSION IMPACT 134
FIGURE 48 NORTH AMERICA: CFRTP MARKET SNAPSHOT 135
9.2.2 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE 136
TABLE 90 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 136
TABLE 91 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 136
TABLE 92 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 136
TABLE 93 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 137
9.2.3 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE 137
TABLE 94 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 137
TABLE 95 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 137
TABLE 96 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 138
TABLE 97 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON) 138
9.2.4 NORTH AMERICA: CFRTP MARKET, BY APPLICATION 138
TABLE 98 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 138
TABLE 99 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 139
TABLE 100 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 139
TABLE 101 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 139
9.2.5 NORTH AMERICA: CFRTP MARKET, BY COUNTRY 140
TABLE 102 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 140
TABLE 103 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON) 140
TABLE 104 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 140
TABLE 105 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON) 140
9.2.5.1 US 141
9.2.5.1.1 Presence of well-established automotive and aerospace & defense industries to drive market 141
9.2.5.1.2 US: CFRTP Market, By Application 141
TABLE 106 US: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 141
TABLE 107 US: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 141
TABLE 108 US: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 142
TABLE 109 US: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 142
9.2.5.2 Canada 142
9.2.5.2.1 Rising demand from aerospace and transportation industries to fuel market 142
9.2.5.2.2 Canada: CFRTP market, by application 143
TABLE 110 CANADA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 143
TABLE 111 CANADA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 143
TABLE 112 CANADA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 143
TABLE 113 CANADA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 144
9.3 EUROPE 144
9.3.1 RECESSION IMPACT 144
FIGURE 49 EUROPE: CFRTP MARKET SNAPSHOT 145
9.3.2 EUROPE: CFRTP MARKET, BY RESIN TYPE 146
TABLE 114 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 146
TABLE 115 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 146
TABLE 116 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 146
TABLE 117 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 147
9.3.3 EUROPE: CFRTP MARKET, BY PRODUCT TYPE 147
TABLE 118 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 147
TABLE 119 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 147
TABLE 120 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 148
TABLE 121 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON) 148
TABLE 122 EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 148
9.3.4 EUROPE: CFRTP MARKET, BY APPLICATION 149
TABLE 123 EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 149
TABLE 124 EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 149
TABLE 125 EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 149
9.3.5 EUROPE: CFRTP MARKET, BY COUNTRY 150
TABLE 126 EUROPE: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 150
TABLE 127 EUROPE: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON) 150
TABLE 128 EUROPE: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 150
TABLE 129 EUROPE: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON) 151
9.3.5.1 Germany 151
9.3.5.1.1 Growth of automotive and aerospace sectors to drive market 151
9.3.5.1.2 Germany: CFRTP market, by application 151
TABLE 130 GERMANY: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 151
TABLE 131 GERMANY: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 152
TABLE 132 GERMANY: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 152
TABLE 133 GERMANY: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 152
9.3.5.2 France 153
9.3.5.2.1 Presence of major aircraft manufacturers to boost market 153
9.3.5.2.2 France: CFRTP market, by application 153
TABLE 134 FRANCE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 153
TABLE 135 FRANCE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 153
TABLE 136 FRANCE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 154
TABLE 137 FRANCE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 154
9.3.5.3 UK 154
9.3.5.3.1 Increasing demand for lightweight and high-performance materials to drive market 154
9.3.5.3.2 UK: CFRTP market, by application 155
TABLE 138 UK: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 155
TABLE 139 UK: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 155
TABLE 140 UK: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 155
TABLE 141 UK: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 156
9.3.5.4 Spain 156
9.3.5.4.1 Rising demand for carbon composites from aerospace & defense application to fuel market 156
9.3.5.4.2 Spain: CFRTP market, by application 156
TABLE 142 SPAIN: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 156
TABLE 143 SPAIN: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 157
TABLE 144 SPAIN: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 157
TABLE 145 SPAIN: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 157
9.3.5.5 Italy 158
9.3.5.5.1 Diversified industrial base and good economic growth to drive market 158
9.3.5.5.2 Italy: CFRTP market, by application 158
TABLE 146 ITALY: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 158
TABLE 147 ITALY: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 158
TABLE 148 ITALY: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 159
TABLE 149 ITALY: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 159
9.3.5.6 Rest of Europe 159
9.3.5.6.1 Rest of Europe: CFRTP market, by application 160
TABLE 150 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 160
TABLE 151 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 160
TABLE 152 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 160
TABLE 153 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 161
9.4 ASIA PACIFIC 161
9.4.1 RECESSION IMPACT 161
FIGURE 50 ASIA PACIFIC: CFRTP MARKET SNAPSHOT 162
9.4.2 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE 162
TABLE 154 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 162
TABLE 155 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 163
TABLE 156 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 163
TABLE 157 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 163
9.4.3 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE 164
TABLE 158 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 164
TABLE 159 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 164
TABLE 160 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 164
TABLE 161 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON) 164
9.4.4 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION 165
TABLE 162 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 165
TABLE 163 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 165
TABLE 164 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 165
TABLE 165 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 166
9.4.5 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY 166
TABLE 166 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 166
TABLE 167 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON) 166
TABLE 168 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 167
TABLE 169 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON) 167
9.4.5.1 China 167
9.4.5.1.1 Presence of major CFRTP manufacturers to fuel market 167
9.4.5.1.2 China: CFRTP market, by application 168
TABLE 170 CHINA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 168
TABLE 171 CHINA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 168
TABLE 172 CHINA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 168
TABLE 173 CHINA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 169
9.4.5.2 Japan 169
9.4.5.2.1 Large export of carbon fibers to drive market 169
9.4.5.2.2 Japan: CFRTP market, by application 169
TABLE 174 JAPAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 169
TABLE 175 JAPAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 170
TABLE 176 JAPAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 170
TABLE 177 JAPAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 170
9.4.5.3 South Korea 171
9.4.5.3.1 Growth of automotive and electronics companies to propel demand for CFRTP 171
9.4.5.3.2 South Korea: CFRTP market, by application 171
TABLE 178 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 171
TABLE 179 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 171
TABLE 180 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 172
TABLE 181 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 172
9.4.5.4 Taiwan 172
9.4.5.4.1 High demand from sports industry to drive market 172
9.4.5.4.2 Taiwan: CFRTP market, by application 173
TABLE 182 TAIWAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 173
TABLE 183 TAIWAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 173
TABLE 184 TAIWAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 173
TABLE 185 TAIWAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 174
9.4.5.5 Rest of Asia Pacific 174
9.4.5.5.1 Rest of Asia Pacific: CFRTP market, by application 174
TABLE 186 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 174
TABLE 187 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 175
TABLE 188 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 175
TABLE 189 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 175
9.5 MIDDLE EAST & AFRICA 176
9.5.1 RECESSION IMPACT 176
9.5.2 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE 176
TABLE 190 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 176
TABLE 191 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 177
TABLE 192 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 177
TABLE 193 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 177
9.5.3 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE 178
TABLE 194 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 178
TABLE 195 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 178
TABLE 196 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 178
TABLE 197 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON) 178
9.5.4 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION 179
TABLE 198 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 179
TABLE 199 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 179
TABLE 200 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 179
TABLE 201 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 180
9.5.5 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY 180
TABLE 202 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 180
TABLE 203 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON) 180
TABLE 204 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 181
TABLE 205 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON) 181
9.5.5.1 Gulf Cooperation Council Countries 181
9.5.5.1.1 UAE 181
9.5.5.1.1.1 Stringent energy-efficiency regulations to drive market 181
9.5.5.1.2 UAE: CFRTP market, by application 182
TABLE 206 UAE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 182
TABLE 207 UAE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 182
TABLE 208 UAE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 182
TABLE 209 UAE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 183
9.5.5.1.3 Saudi Arabia 183
9.5.5.1.3.1 Growing demand from oil & gas industrial applications to fuel market 183
9.5.5.1.4 Saudi Arabia: CFRTP market, by application 183
TABLE 210 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 183
TABLE 211 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 184
TABLE 212 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 184
TABLE 213 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 184
9.5.5.1.5 Rest of GCC Countries 185
9.5.5.1.5.1 Rest of GCC Countries: CFRTP market, by application 185
TABLE 214 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 185
TABLE 215 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 185
TABLE 216 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 186
TABLE 217 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 186
9.5.5.2 South Africa 187
9.5.5.2.1 Growth of automotive and aerospace industries to drive market 187
9.5.5.2.2 South Africa: CFRTP market, by application 187
TABLE 218 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 187
TABLE 219 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 187
TABLE 220 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 188
TABLE 221 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 188
9.5.5.3 Rest of Middle East & Africa 189
9.5.5.3.1 Rest of Middle East & Africa: CFRTP market, by application 189
TABLE 222 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 189
TABLE 223 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 189
TABLE 224 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 190
TABLE 225 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 190
9.6 LATIN AMERICA 190
9.6.1 RECESSION IMPACT 191
9.6.2 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE 191
TABLE 226 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION) 191
TABLE 227 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON) 191
TABLE 228 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION) 192
TABLE 229 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON) 192
9.6.3 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE 192
TABLE 230 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION) 192
TABLE 231 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION) 193
TABLE 232 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON) 193
9.6.4 LATIN AMERICA: CFRTP MARKET, BY APPLICATION 193
TABLE 233 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 193
TABLE 234 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 194
TABLE 235 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 194
TABLE 236 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 194
9.6.5 LATIN AMERICA: CFRTP MARKET, BY COUNTRY 195
TABLE 237 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 195
TABLE 238 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON) 195
TABLE 239 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 195
TABLE 240 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON) 195
9.6.5.1 Brazil 196
9.6.5.1.1 Growth of automotive industry to fuel demand for CFRTP 196
9.6.5.1.2 Brazil: CFRTP market, by application 196
TABLE 241 BRAZIL: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 196
TABLE 242 BRAZIL: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 196
TABLE 243 BRAZIL: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 197
TABLE 244 BRAZIL: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 197
9.6.5.2 Mexico 197
9.6.5.2.1 Export-oriented economy to drive market 197
TABLE 245 MEXICO: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 198
9.6.5.2.2 Mexico: CFRTP market, by application 198
TABLE 246 MEXICO: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 198
TABLE 247 MEXICO: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 198
TABLE 248 MEXICO: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 199
9.6.5.3 Rest of Latin America 199
9.6.5.3.1 Rest of Latin America: CFRTP market, by application 199
TABLE 249 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION) 199
TABLE 250 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON) 200
TABLE 251 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 200
TABLE 252 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON) 200
10 COMPETITIVE LANDSCAPE 201
10.1 INTRODUCTION 201
10.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN 201
10.2.1 STRATEGIES ADOPTED BY CFRTP MANUFACTURERS 201
10.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS 203
FIGURE 51 REVENUE ANALYSIS 203
10.4 MARKET SHARE ANALYSIS 204
FIGURE 52 SHARES OF TOP COMPANIES IN CFRTP MARKET 204
TABLE 253 DEGREE OF COMPETITION: CFRTP MARKET 204
10.5 COMPANY EVALUATION MATRIX 205
10.5.1 STARS 205
10.5.2 PERVASIVE PLAYERS 205
10.5.3 EMERGING LEADERS 205
10.5.4 PARTICIPANTS 205
FIGURE 53 CFRTP MARKET: COMPANY EVALUATION MATRIX, 2022 206
10.5.5 COMPANY FOOTPRINT 206
TABLE 254 COMPANY PRODUCT FOOTPRINT 207
TABLE 255 COMPANY END-USE INDUSTRY FOOTPRINT 208
TABLE 256 PRODUCT TYPE FOOTPRINT 208
TABLE 257 COMPANY REGION FOOTPRINT 209
10.6 START-UP/SME EVALUATION MATRIX 210
10.6.1 PROGRESSIVE COMPANIES 210
10.6.2 RESPONSIVE COMPANIES 210
10.6.3 DYNAMIC COMPANIES 210
10.6.4 STARTING BLOCKS 210
FIGURE 54 CFRTP MARKET: START-UP/SME EVALUATION MATRIX, 2022 211
10.6.5 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 212
TABLE 258 CFRTP MARKET: KEY START-UPS/SMES 212
TABLE 259 CFRTP MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 213
10.7 COMPETITIVE SCENARIO AND TRENDS 214
10.7.1 PRODUCT LAUNCHES 214
TABLE 260 CFRTP MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2023 214
TABLE 261 CFRTP MARKET: DEALS, 2018–2023 215
TABLE 262 CFRTP MARKET: OTHER DEVELOPMENTS, 2018–2023 222
11 COMPANY PROFILES 224
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
11.1 KEY COMPANIES 224
11.1.1 TORAY INDUSTRIES, INC. 224
TABLE 263 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW 224
FIGURE 55 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 225
TABLE 264 TORAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
TABLE 265 TORAY INDUSTRIES, INC.: PRODUCT LAUNCHES 226
TABLE 266 TORAY INDUSTRIES, INC.: DEALS 227
TABLE 267 TORAY INDUSTRIES, INC.: OTHER DEVELOPMENTS 227
11.1.2 TEIJIN LIMITED 229
TABLE 268 TEIJIN LIMITED: COMPANY OVERVIEW 229
FIGURE 56 TEIJIN LIMITED: COMPANY SNAPSHOT 230
TABLE 269 TEIJIN LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 230
TABLE 270 TEIJIN LIMITED: DEALS 231
TABLE 271 TEIJIN LIMITED: OTHER DEVELOPMENTS 232
11.1.3 MITSUBISHI CHEMICAL GROUP CORPORATION 234
TABLE 272 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY OVERVIEW 234
FIGURE 57 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY SNAPSHOT 234
TABLE 273 MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 235
TABLE 274 MITSUBISHI CHEMICAL GROUP CORPORATION: DEALS 236
TABLE 275 MITSUBISHI CHEMICAL GROUP CORPORATION: OTHER DEVELOPMENTS 237
11.1.4 SOLVAY 238
TABLE 276 SOLVAY: COMPANY OVERVIEW 238
FIGURE 58 SOLVAY: COMPANY SNAPSHOT 239
TABLE 277 SOLVAY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 239
TABLE 278 SOLVAY: DEALS 241
TABLE 279 SOLVAY: OTHER DEVELOPMENTS 244
11.1.5 SGL CARBON 246
TABLE 280 SGL CARBON: COMPANY OVERVIEW 246
FIGURE 59 SGL CARBON: COMPANY SNAPSHOT 247
TABLE 281 SGL CARBON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
TABLE 282 SGL CARBON: DEALS 248
TABLE 283 SGL CARBON: OTHER DEVELOPMENTS 249
11.1.6 AVIENT CORPORATION 251
TABLE 284 AVIENT CORPORATION: COMPANY OVERVIEW 251
FIGURE 60 AVIENT CORPORATION: COMPANY SNAPSHOT 252
TABLE 285 AVIENT CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
TABLE 286 AVIENT CORPORATION: PRODUCT LAUNCHES 253
TABLE 287 AVIENT CORPORATION: OTHER DEVELOPMENTS 253
11.1.7 CELANESE CORPORATION 255
TABLE 288 CELANESE CORPORATION: COMPANY OVERVIEW 255
FIGURE 61 CELANESE CORPORATION: COMPANY SNAPSHOT 256
TABLE 289 CELANESE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 256
TABLE 290 CELANESE CORPORATION: DEALS 257
TABLE 291 CELANESE CORPORATION: OTHER DEVELOPMENTS 258
11.1.8 ASAHI KASEI CORPORATION 259
TABLE 292 ASAHI KASEI CORPORATION: COMPANY OVERVIEW 259
FIGURE 62 ASAHI KASEI CORPORATION: COMPANY SNAPSHOT 260
TABLE 293 ASAHI KASEI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 260
TABLE 294 ASAHI KASEI CORPORATION: DEALS 261
11.1.9 RTP COMPANY 262
TABLE 295 RTP COMPANY: COMPANY OVERVIEW 262
TABLE 296 RTP COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 262
11.1.10 COMPLAM MATERIAL CO., LTD. 264
TABLE 297 COMPLAM MATERIAL CO., LTD.: COMPANY OVERVIEW 264
TABLE 298 COMPLAM MATERIAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 264
11.1.11 ENSINGER 266
TABLE 299 ENSINGER: COMPANY OVERVIEW 266
TABLE 300 ENSINGER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 266
TABLE 301 ENSINGER: DEALS 268
11.1.12 JIANGSU QIYI TECHNOLOGY CO., LTD. 269
TABLE 302 JIANGSU QIYI TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 269
TABLE 303 JIANGSU QIYI TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
11.2 OTHER COMPANIES 270
11.2.1 QINGDAO CIMC COMPOSITES CO., LTD. 270
TABLE 304 QINGDAO CIMC COMPOSITES CO., LTD.: COMPANY OVERVIEW 270
11.2.2 XIAMEN LFT COMPOSITE PLASTIC CO., LTD. 270
TABLE 305 XIAMEN LFT COMPOSITE PLASTIC CO., LTD.: COMPANY OVERVIEW 270
11.2.3 OKUTANI LTD. 271
TABLE 306 OKUTANI LTD.: COMPANY OVERVIEW 271
11.2.4 CTECH-LLC 271
TABLE 307 CTECH-LLC: COMPANY OVERVIEW 271
11.2.5 FIBRTEC 272
TABLE 308 FIBRTEC: COMPANY OVERVIEW 272
11.2.6 LINGOL CORPORATION 272
TABLE 309 LINGOL CORPORATION: COMPANY OVERVIEW 272
11.2.7 SHANGHAI WANHOO CARBON FIBER INDUSTRY CO., LTD. 273
TABLE 310 SHANGHAI WANHOO CARBON FIBER INDUSTRY CO., LTD.: COMPANY OVERVIEW 273
11.2.8 GPM COMPOSITE TECHNOLOGY (KUNSHAN) CO., LTD. 273
TABLE 311 GPM COMPOSITE TECHNOLOGY (KUNSHAN) CO., LTD.: COMPANY OVERVIEW 273
11.2.9 HEBEI CHAOKE IMPORT & EXPORT CO., LTD. 274
TABLE 312 HEBEI CHAOKE IMPORT & EXPORT CO., LTD.: COMPANY OVERVIEW 274
11.2.10 SUZHOU TOPO NEW MATERIAL CO., LTD. 274
TABLE 313 SUZHOU TOPO NEW MATERIAL CO., LTD.: COMPANY OVERVIEW 274
11.2.11 HEBEI BENJINXIN INDUSTRIAL CO., LTD. 275
TABLE 314 HEBEI BENJINXIN INDUSTRIAL CO., LTD.: COMPANY OVERVIEW 275
11.2.12 JIANGSU AIMI TECH CO., LTD. 275
TABLE 315 JIANGSU AIMI TECH CO., LTD.: COMPANY OVERVIEW 275
11.2.13 KINGFA SCI. & TECH. CO., LTD. 276
TABLE 316 KINGFA SCI. & TECH. CO., LTD.: COMPANY OVERVIEW 276
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
12 APPENDIX 277
12.1 DISCUSSION GUIDE 277
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 281
12.3 CUSTOMIZATION OPTIONS 283
12.4 RELATED REPORTS 283
12.5 AUTHOR DETAILS 284