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Introduction
Carbon fiber reinforced plastic, or carbon fiber reinforced polymer (CFRP) are high-strength and lightweight composite materials that contain a matrix, which is generally a polymer resin, and carbon fiber, a reinforcement material. Carbon Fiber Reinforced Plastic (CFRP) is a composite material composed of carbon fibers embedded in a polymer matrix, typically epoxy resin. CFRP offers exceptional strength-to-weight ratio, high stiffness, and excellent corrosion resistance, making it a preferred material in various industries, including aerospace, automotive, wind energy, and sporting goods.
Market Insights
According to Publisher’s latest study, the global Carbon Fiber Reinforced Plastic (CFRP) market size was valued at US$ 17160 million in 2023. With growing demand in downstream market, the Carbon Fiber Reinforced Plastic (CFRP) is forecast to a readjusted size of US$ 36560 million by 2030 with a CAGR of 11.4% during review period. The top three companies account for 39.32% of the market share in 2019.
Key Features:
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A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
The report on Carbon Fiber Reinforced Plastic (CFRP) market reflects various aspects and provide valuable insights into the industry.
Market Drivers and Challenges:
Market Drivers-
Initiatives for Lightweighting: The growing emphasis on lightweighting in sectors like aerospace and automotive is driving the need for CFRP. Because of its remarkable strength and light weight, CFRP performs better in these industries and uses less fuel with lower emissions.
Growing aircraft sector: The CFRP market is significantly influenced by the aircraft sector. Because of its exceptional strength, stiffness, and fatigue resistance, CFRP is widely utilized in airplane components, such as wings, fuselages, and interior sections. The adoption of CFRP is driven by the rising demand for air travel and the requirement for fuel-efficient aircraft.
Market Challenges-
High Manufacturing Costs: Widespread CFRP use in cost-sensitive industries is hampered by the high cost of carbon fibers, resins, and manufacturing methods, which also limits market penetration and competitiveness.
Recycling and Sustainability: End-of-life disposal and recycling are two areas where CFRP presents difficulties. The reduction of environmental effect and enhancement of circularity in the industry need focus on carbon fiber recycling and the creation of sustainable procedures for CFRP disposal.
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Technological Developments:
Hybrid Composites: There has been increased interest in the incorporation of CFRP with natural or glass fibers, among other reinforcing elements. The application possibilities of CFRP in a variety of industries are increased by hybrid composites, which provide a balance between cost, weight reduction, and mechanical qualities.
Advanced Fiber and Resin Technologies: The qualities and performance of CFRP materials are improved by the development of high-performance carbon fibers, such as intermediate and high modulus fibers, and new resin systems with better toughness, temperature resistance, and processability.
Recommendations and Opportunities:
Diversify End-Use Applications: To increase revenue streams, broaden market reach, and spur demand growth, investigate new end-use applications and market segments for CFRP materials, such as consumer electronics, additive manufacturing, medical devices, and renewable energy.
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Cost Reduction Strategies: Market participants should concentrate on lowering the total cost of CFRP production to encourage broader use. This can be accomplished by increasing production capabilities and making strides in the production of carbon fiber, resin systems, and process optimization.
Initiatives related to sustainability and recycling: Research and development spending is essential to improving CFRP recycling technology and creating environmentally friendly production methods. Partnerships among government agencies, academic institutions, and industry players can expedite developments in this field.
Market Forecasts and Future Outlook:
Advances in technology, growing demand for lightweight materials, and industry-wide sustainability measures are expected to fuel the worldwide CFRP market's robust expansion. Nonetheless, obstacles including exorbitant manufacturing expenses, restrictions on recycling, and uniformity of materials can somewhat restrain market growth. However, in the worldwide CFRP market, there are chances for growth, differentiation, and market leadership due to ongoing research, technical advancements, and cooperative efforts.
Market Size and Growth: The research report provides an overview of the current size and growth of the Carbon Fiber Reinforced Plastic (CFRP) market. It may include historical data, market segmentation by Type (e.g., Thermosetting CFRP, Thermoplastic CFRP), and regional breakdowns.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Carbon Fiber Reinforced Plastic (CFRP) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Carbon Fiber Reinforced Plastic (CFRP) market. It includes factors influencing customer ' purchasing decisions, preferences for Carbon Fiber Reinforced Plastic (CFRP) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Carbon Fiber Reinforced Plastic (CFRP) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Carbon Fiber Reinforced Plastic (CFRP) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assesses the environmental impact and sustainability aspects of the Carbon Fiber Reinforced Plastic (CFRP) market.
Market Segmentation:
Carbon Fiber Reinforced Plastic (CFRP) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Thermosetting CFRP
Thermoplastic CFRP
Segmentation by application
Aerospace & Defense
Sports Goods
Automotive
Pressure Vessels
Construction & Civil Engineering
Marine
Electronic & Electric Parts
Others
Segmentation by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Key Players
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Toray
Mitsubishi Materials
Teijin
SGL Group
Solvay
Hexcel
DowAksa
SABIC
Ensinger
Weihai Guangwei Composites
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Carbon Fiber Reinforced Plastic (CFRP) Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Carbon Fiber Reinforced Plastic (CFRP) by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Carbon Fiber Reinforced Plastic (CFRP) by Country/Region, 2019, 2023 & 2030
2.2 Carbon Fiber Reinforced Plastic (CFRP) Segment by Type
2.2.1 Thermosetting CFRP
2.2.2 Thermoplastic CFRP
2.3 Carbon Fiber Reinforced Plastic (CFRP) Sales by Type
2.3.1 Global Carbon Fiber Reinforced Plastic (CFRP) Sales Market Share by Type (2019-2024)
2.3.2 Global Carbon Fiber Reinforced Plastic (CFRP) Revenue and Market Share by Type (2019-2024)
2.3.3 Global Carbon Fiber Reinforced Plastic (CFRP) Sale Price by Type (2019-2024)
2.4 Carbon Fiber Reinforced Plastic (CFRP) Segment by Application
2.4.1 Aerospace & Defense
2.4.2 Sports Goods
2.4.3 Automotive
2.4.4 Pressure Vessels
2.4.5 Construction & Civil Engineering
2.4.6 Marine
2.4.7 Electronic & Electric Parts
2.4.8 Others
2.5 Carbon Fiber Reinforced Plastic (CFRP) Sales by Application
2.5.1 Global Carbon Fiber Reinforced Plastic (CFRP) Sale Market Share by Application (2019-2024)
2.5.2 Global Carbon Fiber Reinforced Plastic (CFRP) Revenue and Market Share by Application (2019-2024)
2.5.3 Global Carbon Fiber Reinforced Plastic (CFRP) Sale Price by Application (2019-2024)
3 Global Carbon Fiber Reinforced Plastic (CFRP) by Company
3.1 Global Carbon Fiber Reinforced Plastic (CFRP) Breakdown Data by Company
3.1.1 Global Carbon Fiber Reinforced Plastic (CFRP) Annual Sales by Company (2019-2024)
3.1.2 Global Carbon Fiber Reinforced Plastic (CFRP) Sales Market Share by Company (2019-2024)
3.2 Global Carbon Fiber Reinforced Plastic (CFRP) Annual Revenue by Company (2019-2024)
3.2.1 Global Carbon Fiber Reinforced Plastic (CFRP) Revenue by Company (2019-2024)
3.2.2 Global Carbon Fiber Reinforced Plastic (CFRP) Revenue Market Share by Company (2019-2024)
3.3 Global Carbon Fiber Reinforced Plastic (CFRP) Sale Price by Company
3.4 Key Manufacturers Carbon Fiber Reinforced Plastic (CFRP) Producing Area Distribution, Sales Area, Product Type
List of Tables
Table 1. Ferrochrome Annual Sales CAGR by Geographic Region (2019, 2023 & 2030) & ($ millions)
Table 2. Ferrochrome Annual Sales CAGR by Country/Region (2019, 2023 & 2030) & ($ millions)
Table 3. Major Players of High Carbon Type
Table 4. Major Players of Low Carbon Type
Table 5. Major Players of Others
Table 6. Global Ferrochrome Sales by Type (2019-2024) & (K MT)
Table 7. Global Ferrochrome Sales Market Share by Type (2019-2024)
Table 8. Global Ferrochrome Revenue by Type (2019-2024) & ($ million)
Table 9. Global Ferrochrome Revenue Market Share by Type (2019-2024)
Table 10. Global Ferrochrome Sale Price by Type (2019-2024) & (USD/MT)
Table 11. Global Ferrochrome Sales by Application (2019-2024) & (K MT)
Table 12. Global Ferrochrome Sales Market Share by Application (2019-2024)
Table 13. Global Ferrochrome Revenue by Application (2019-2024)
Table 14. Global Ferrochrome Revenue Market Share by Application (2019-2024)
Table 15. Global Ferrochrome Sale Price by Application (2019-2024) & (USD/MT)
Table 16. Global Ferrochrome Sales by Company (2019-2024) & (K MT)
Table 17. Global Ferrochrome Sales Market Share by Company (2019-2024)
Table 18. Global Ferrochrome Revenue by Company (2019-2024) ($ Millions)
Table 19. Global Ferrochrome Revenue Market Share by Company (2019-2024)
Table 20. Global Ferrochrome Sale Price by Company (2019-2024) & (USD/MT)
Table 21. Key Manufacturers Ferrochrome Producing Area Distribution and Sales Area
Table 22. Players Ferrochrome Products Offered
Table 23. Ferrochrome Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
Table 24. New Products and Potential Entrants
Table 25. Mergers & Acquisitions, Expansion
Table 26. Global Ferrochrome Sales by Geographic Region (2019-2024) & (K MT)
Table 27. Global Ferrochrome Sales Market Share Geographic Region (2019-2024)
Table 28. Global Ferrochrome Revenue by Geographic Region (2019-2024) & ($ millions)
Table 29. Global Ferrochrome Revenue Market Share by Geographic Region (2019-2024)
Table 30. Global Ferrochrome Sales by Country/Region (2019-2024) & (K MT)
Table 31. Global Ferrochrome Sales Market Share by Country/Region (2019-2024)
Table 32. Global Ferrochrome Revenue by Country/Region (2019-2024) & ($ millions)
Table 33. Global Ferrochrome Revenue Market Share by Country/Region (2019-2024)
Table 34. Americas Ferrochrome Sales by Country (2019-2024) & (K MT)
Table 35. Americas Ferrochrome Sales Market Share by Country (2019-2024)
Table 36. Americas Ferrochrome Revenue by Country (2019-2024) & ($ Millions)
Table 37. Americas Ferrochrome Revenue Market Share by Country (2019-2024)
Table 38. Americas Ferrochrome Sales by Type (2019-2024) & (K MT)
Table 39. Americas Ferrochrome Sales by Application (2019-2024) & (K MT)
Table 40. APAC Ferrochrome Sales by Region (2019-2024) & (K MT)
Table 41. APAC Ferrochrome Sales Market Share by Region (2019-2024)
Table 42. APAC Ferrochrome Revenue by Region (2019-2024) & ($ Millions)
Table 43. APAC Ferrochrome Revenue Market Share by Region (2019-2024)
Table 44. APAC Ferrochrome Sales by Type (2019-2024) & (K MT)
Table 45. APAC Ferrochrome Sales by Application (2019-2024) & (K MT)
Table 46. Europe Ferrochrome Sales by Country (2019-2024) & (K MT)
Table 47. Europe Ferrochrome Sales Market Share by Country (2019-2024)
Table 48. Europe Ferrochrome Revenue by Country (2019-2024) & ($ Millions)
Table 49. Europe Ferrochrome Revenue Market Share by Country (2019-2024)
Table 50. Europe Ferrochrome Sales by Type (2019-2024) & (K MT)
Table 51. Europe Ferrochrome Sales by Application (2019-2024) & (K MT)
Table 52. Middle East & Africa Ferrochrome Sales by Country (2019-2024) & (K MT)
Table 53. Middle East & Africa Ferrochrome Sales Market Share by Country (2019-2024)
Table 54. Middle East & Africa Ferrochrome Revenue by Country (2019-2024) & ($ Millions)
Table 55. Middle East & Africa Ferrochrome Revenue Market Share by Country (2019-2024)
Table 56. Middle East & Africa Ferrochrome Sales by Type (2019-2024) & (K MT)
Table 57. Middle East & Africa Ferrochrome Sales by Application (2019-2024) & (K MT)
Table 58. Key Market Drivers & Growth Opportunities of Ferrochrome
Table 59. Key Market Challenges & Risks of Ferrochrome
Table 60. Key Industry Trends of Ferrochrome
Table 61. Ferrochrome Raw Material
Table 62. Key Suppliers of Raw Materials
Table 63. Ferrochrome Distributors List
Table 64. Ferrochrome Customer List
Table 65. Global Ferrochrome Sales Forecast by Region (2025-2030) & (K MT)
Table 66. Global Ferrochrome Revenue Forecast by Region (2025-2030) & ($ millions)
Table 67. Americas Ferrochrome Sales Forecast by Country (2025-2030) & (K MT)
Table 68. Americas Ferrochrome Revenue Forecast by Country (2025-2030) & ($ millions)
Table 69. APAC Ferrochrome Sales Forecast by Region (2025-2030) & (K MT)
Table 70. APAC Ferrochrome Revenue Forecast by Region (2025-2030) & ($ millions)
Table 71. Europe Ferrochrome Sales Forecast by Country (2025-2030) & (K MT)
Table 72. Europe Ferrochrome Revenue Forecast by Country (2025-2030) & ($ millions)
Table 73. Middle East & Africa Ferrochrome Sales Forecast by Country (2025-2030) & (K MT)
Table 74. Middle East & Africa Ferrochrome Revenue Forecast by Country (2025-2030) & ($ millions)
Table 75. Global Ferrochrome Sales Forecast by Type (2025-2030) & (K MT)
Table 76. Global Ferrochrome Revenue Forecast by Type (2025-2030) & ($ Millions)
Table 77. Global Ferrochrome Sales Forecast by Application (2025-2030) & (K MT)
Table 78. Global Ferrochrome Revenue Forecast by Application (2025-2030) & ($ Millions)
Table 79. Glencore-Merafe Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 80. Glencore-Merafe Ferrochrome Product Portfolios and Specifications
Table 81. Glencore-Merafe Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 82. Glencore-Merafe Main Business
Table 83. Glencore-Merafe Latest Developments
Table 84. Eurasian Resources Group Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 85. Eurasian Resources Group Ferrochrome Product Portfolios and Specifications
Table 86. Eurasian Resources Group Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 87. Eurasian Resources Group Main Business
Table 88. Eurasian Resources Group Latest Developments
Table 89. Samancor Chrome Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 90. Samancor Chrome Ferrochrome Product Portfolios and Specifications
Table 91. Samancor Chrome Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 92. Samancor Chrome Main Business
Table 93. Samancor Chrome Latest Developments
Table 94. Hernic Ferrochrome Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 95. Hernic Ferrochrome Ferrochrome Product Portfolios and Specifications
Table 96. Hernic Ferrochrome Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 97. Hernic Ferrochrome Main Business
Table 98. Hernic Ferrochrome Latest Developments
Table 99. IFM Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 100. IFM Ferrochrome Product Portfolios and Specifications
Table 101. IFM Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 102. IFM Main Business
Table 103. IFM Latest Developments
Table 104. FACOR Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 105. FACOR Ferrochrome Product Portfolios and Specifications
Table 106. FACOR Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 107. FACOR Main Business
Table 108. FACOR Latest Developments
Table 109. Mintal Group Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 110. Mintal Group Ferrochrome Product Portfolios and Specifications
Table 111. Mintal Group Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 112. Mintal Group Main Business
Table 113. Mintal Group Latest Developments
Table 114. Tata Steel Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 115. Tata Steel Ferrochrome Product Portfolios and Specifications
Table 116. Tata Steel Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 117. Tata Steel Main Business
Table 118. Tata Steel Latest Developments
Table 119. IMFA Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 120. IMFA Ferrochrome Product Portfolios and Specifications
Table 121. IMFA Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 122. IMFA Main Business
Table 123. IMFA Latest Developments
Table 124. Shanxi Jiang County Minmetal Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 125. Shanxi Jiang County Minmetal Ferrochrome Product Portfolios and Specifications
Table 126. Shanxi Jiang County Minmetal Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 127. Shanxi Jiang County Minmetal Main Business
Table 128. Shanxi Jiang County Minmetal Latest Developments
Table 129. Jilin Ferro Alloys Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 130. Jilin Ferro Alloys Ferrochrome Product Portfolios and Specifications
Table 131. Jilin Ferro Alloys Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 132. Jilin Ferro Alloys Main Business
Table 133. Jilin Ferro Alloys Latest Developments
Table 134. Ehui Group Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 135. Ehui Group Ferrochrome Product Portfolios and Specifications
Table 136. Ehui Group Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 137. Ehui Group Main Business
Table 138. Ehui Group Latest Developments
Table 139. Outokumpu Basic Information, Ferrochrome Manufacturing Base, Sales Area and Its Competitors
Table 140. Outokumpu Ferrochrome Product Portfolios and Specifications
Table 141. Outokumpu Ferrochrome Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2019-2024)
Table 142. Outokumpu Main Business
Table 143. Outokumpu Latest Developments
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