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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

November 2023 | 275 pages | ID: C481A2633C1EN
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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
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.4 MARKET SCOPE
FIGURE 1 CFRTP MARKET SEGMENTATION
  1.4.1 REGIONS COVERED
  1.4.2 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 UNITS CONSIDERED
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
  1.9.1 RECESSION IMPACT

2 RESEARCH METHODOLOGY

2.1 RESEARCH APPROACH
FIGURE 2 CFRTP MARKET: RESEARCH DESIGN
2.2 BASE NUMBER CALCULATION
  2.2.1 SUPPLY-SIDE APPROACH
  2.2.2 DEMAND-SIDE APPROACH
2.3 RECESSION IMPACT ANALYSIS
FIGURE 3 MAJOR FACTORS ATTRIBUTED TO GLOBAL RECESSION AND THEIR IMPACT ON CFRTP MARKET
2.4 FORECAST NUMBER CALCULATION
2.5 RESEARCH DATA
  2.5.1 SECONDARY DATA
    2.5.1.1 Key data from secondary sources
  2.5.2 PRIMARY DATA
    2.5.2.1 Key data from primary sources
    2.5.2.2 Primary interviews with top CFRTP manufacturers
    2.5.2.3 Breakdown of primary interviews
    2.5.2.4 Key industry insights
2.6 MARKET SIZE ESTIMATION
  2.6.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  2.6.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.7 DATA TRIANGULATION
FIGURE 6 CFRTP MARKET: DATA TRIANGULATION
2.8 RESEARCH ASSUMPTIONS
2.9 GROWTH FORECAST
2.10 RESEARCH LIMITATIONS
2.11 RISKS

3 EXECUTIVE SUMMARY

FIGURE 7 PEEK TO BE FASTEST-GROWING RESIN TYPE DURING FORECAST PERIOD
FIGURE 8 CONTINUOUS CARBON FIBER TO BE FASTEST-GROWING PRODUCT TYPE IN CFRTP MARKET
FIGURE 9 AEROSPACE & DEFENSE APPLICATION DOMINATED MARKET IN 2022
FIGURE 10 EUROPE DOMINATED CFRTP MARKET IN 2022

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CFRTP MARKET
FIGURE 11 SIGNIFICANT GROWTH EXPECTED IN CFRTP MARKET BETWEEN 2023 AND 2028
4.2 CFRTP MARKET, BY PRODUCT TYPE AND REGION
FIGURE 12 CONTINUOUS FORM AND ASIA PACIFIC WERE LARGEST MARKETS IN 2022
4.3 CFRTP MARKET, BY RESIN TYPE
FIGURE 13 PP RESIN TYPE SEGMENT DOMINATED MARKET IN 2022
4.4 CFRTP MARKET, BY APPLICATION
FIGURE 14 AEROSPACE & DEFENSE WAS LARGEST APPLICATION IN 2022
4.5 CFRTP MARKET, BY KEY COUNTRY
FIGURE 15 CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CFRTP MARKET
  5.2.1 DRIVERS
    5.2.1.1 Increasing demand for fuel-efficient vehicles
TABLE 1 EUROPEAN UNION: CO2 EMISSION STANDARDS FOR NEW PASSENGER CARS (G/KM)
    5.2.1.2 High demand for CFRTP in aerospace applications
TABLE 2 BOEING PLANE ORDERS
    5.2.1.3 Technological advancements in CFRTP market
    5.2.1.4 Flexibility in manufacturing complex shapes and designs
  5.2.2 RESTRAINTS
    5.2.2.1 High raw material and production costs
    5.2.2.2 Stiff competition from thermoset composites
  5.2.3 OPPORTUNITIES
    5.2.3.1 High demand for CFRTP in wind energy projects
    5.2.3.2 Changing focus of automotive OEMs toward CFRTP
  5.2.4 CHALLENGES
    5.2.4.1 Need for low-cost technologies
    5.2.4.2 Capital-intensive and complex manufacturing process of carbon fibers
5.3 PORTER’S FIVE FORCES ANALYSIS
FIGURE 17 CFRTP MARKET: PORTER’S FIVE FORCES ANALYSIS
  5.3.1 BARGAINING POWER OF BUYERS
  5.3.2 BARGAINING POWER OF SUPPLIERS
  5.3.3 THREAT FROM NEW ENTRANTS
  5.3.4 THREAT OF SUBSTITUTES
  5.3.5 INTENSITY OF COMPETITIVE RIVALRY
TABLE 3 CFRTP MARKET: PORTER’S FIVE FORCES ANALYSIS
5.4 SUPPLY CHAIN ANALYSIS
TABLE 4 CFRTP MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM
5.5 PRICING ANALYSIS
  5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
FIGURE 18 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG)
TABLE 5 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG)
  5.5.2 AVERAGE SELLING PRICE, BY RESIN TYPE
FIGURE 19 AVERAGE SELLING PRICE BASED ON RESIN TYPE (USD/KG)
  5.5.3 AVERAGE SELLING PRICE, BY PRODUCT TYPE
FIGURE 20 AVERAGE SELLING PRICE BASED ON PRODUCT TYPE (USD/KG)
  5.5.4 AVERAGE SELLING PRICE TREND, BY REGION
TABLE 6 CFRTP MARKET: AVERAGE SELLING PRICE, BY REGION
5.6 TRADE DATA ANALYSIS
  5.6.1 EXPORT SCENARIO OF CARBON FIBER
FIGURE 21 EXPORT OF CARBON FIBER, BY KEY COUNTRY, 2022 (TON)
  5.6.2 IMPORT SCENARIO OF CARBON FIBER
FIGURE 22 IMPORT OF CARBON FIBER, BY KEY COUNTRY, 2022 (TON)
5.7 KEY STAKEHOLDERS & BUYING CRITERIA
  5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES
  5.7.2 BUYING CRITERIA
FIGURE 24 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES
TABLE 8 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES
5.8 TECHNOLOGY ANALYSIS
TABLE 9 COMPARATIVE STUDY OF CFRTP PREPREG MANUFACTURING PROCESSES
5.9 ECOSYSTEM MAP
FIGURE 25 ECOSYSTEM: CFRTP MARKET
5.10 VALUE CHAIN ANALYSIS
FIGURE 26 VALUE CHAIN ANALYSIS: CFRTP MARKET
5.11 CASE STUDY ANALYSIS
5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.13 TARIFF AND REGULATORY LANDSCAPE
  5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  5.13.2 STANDARDS RELATED TO CFRTP MARKET
TABLE 14 CURRENT STANDARD CODES FOR AUTOMOTIVE COMPOSITES
TABLE 15 CURRENT STANDARD CODES FOR CONSTRUCTION COMPOSITES
5.14 PATENT ANALYSIS
  5.14.1 INTRODUCTION
  5.14.2 METHODOLOGY
  5.14.3 DOCUMENT TYPES
TABLE 16 CFRTP MARKET: GLOBAL PATENTS
FIGURE 27 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE
FIGURE 28 GLOBAL PATENT PUBLICATION TREND ANALYSIS IN LAST 10 YEARS
  5.14.4 INSIGHTS
  5.14.5 LEGAL STATUS
FIGURE 29 CFRTP MARKET: LEGAL STATUS OF PATENTS
  5.14.6 JURISDICTION ANALYSIS
FIGURE 30 GLOBAL JURISDICTION ANALYSIS
  5.14.7 TOP APPLICANTS
FIGURE 31 TOP PATENT APPLICANTS IN CFRTP MARKET
  5.14.8 PATENTS BY TORAY INDUSTRIES, INC.
  5.14.9 PATENTS BY MITSUBISHI RAYON CO., LTD.
  5.14.10 PATENTS BY MITSUBISHI CHEMICAL CORPORATION
  5.14.11 TOP TEN PATENT OWNERS (US) IN LAST 10 YEARS
5.15 KEY CONFERENCES & EVENTS IN 2023–2024
TABLE 17 KEY CONFERENCES & EVENTS FOR CFRTP AND RELATED MARKETS, 2023–2024

6 CFRTP MARKET, BY RESIN TYPE

6.1 INTRODUCTION
FIGURE 32 PEEK TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 18 CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
TABLE 19 CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
TABLE 20 CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
TABLE 21 CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
6.2 POLYAMIDE
  6.2.1 HIGH THERMAL AND CHEMICAL RESISTANCE TO DRIVE MARKET
FIGURE 33 ASIA PACIFIC TO LEAD POLYAMIDE CFRTP MARKET DURING FORECAST PERIOD
  6.2.2 PA: CFRTP MARKET, BY REGION
TABLE 22 PA: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 23 PA: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 24 PA: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 25 PA: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
6.3 POLYETHER ETHER KETONE
  6.3.1 COMPLEX SHAPES AND THERMAL STABILITY TO BOOST MARKET
FIGURE 34 NORTH AMERICA TO BE LARGEST REGION FOR PEEK MARKET DURING FORECAST PERIOD
  6.3.2 PEEK: CFRTP MARKET, BY REGION
TABLE 26 PEEK: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 27 PEEK: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 28 PEEK: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 29 PEEK: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
6.4 POLYPHENYLENE SULFIDE
  6.4.1 OPERATIONAL STABILITY AND FLAME-RETARDANT PROPERTIES TO DRIVE MARKET
FIGURE 35 ASIA PACIFIC TO BE SECOND-LARGEST PPS MARKET DURING FORECAST PERIOD
  6.4.2 PPS: CFRTP MARKET, BY REGION
TABLE 30 PPS: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 31 PPS: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 32 PPS: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 33 PPS: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
6.5 POLYCARBONATE
  6.5.1 STIFFNESS AND CHEMICAL RESISTANCE TO FUEL MARKET
FIGURE 36 ASIA PACIFIC TO RECORD HIGHEST CAGR IN PC CFRTP MARKET DURING FORECAST PERIOD
  6.5.2 PC: CFRTP MARKET, BY REGION
TABLE 34 PC: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 35 PC: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 36 PC: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 37 PC: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
6.6 POLYPROPYLENE
  6.6.1 HIGH DEMAND FROM AUTOMOTIVE SECTOR TO DRIVE MARKET
FIGURE 37 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF PP CFRTP MARKET DURING FORECAST PERIOD
  6.6.2 PP: CFRTP MARKET, BY REGION
TABLE 38 PP: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 39 PP: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 40 PP: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 41 PP: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
6.7 OTHER RESIN TYPES
  6.7.1 OTHER RESIN TYPES: CFRTP MARKET, BY REGION
TABLE 42 OTHER RESIN TYPES: CFRTP MARKET, 2018–2022 (USD MILLION)
TABLE 43 OTHER RESIN TYPES: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 44 OTHER RESIN TYPES: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 45 OTHER RESIN TYPES: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)

7 CFRTP MARKET, BY PRODUCT TYPE

7.1 INTRODUCTION
FIGURE 38 CONTINUOUS CARBON FIBER SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 46 CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 47 CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 48 CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 49 CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
7.2 CONTINUOUS CARBON FIBER
  7.2.1 HIGH DEMAND FROM AEROSPACE & DEFENSE APPLICATION TO DRIVE MARKET
FIGURE 39 NORTH AMERICA TO BE LARGEST CFRTP MARKET DURING FORECAST PERIOD
  7.2.2 CONTINUOUS FIBER: CFRTP MARKET, BY REGION
TABLE 50 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 51 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 52 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 53 CONTINUOUS FIBER: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
7.3 LONG CARBON FIBER
  7.3.1 RISING DEMAND FROM AUTOMOTIVE AND SPORTING GOODS INDUSTRIES TO FUEL MARKET
FIGURE 40 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  7.3.2 LONG FIBER: CFRTP MARKET, BY REGION
TABLE 54 LONG FIBER: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 55 LONG FIBER: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 56 LONG FIBER: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 57 LONG FIBER: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
7.4 SHORT CARBON FIBER
  7.4.1 WIDE APPLICATION IN ELECTRONIC DEVICES TO DRIVE MARKET
FIGURE 41 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD
  7.4.2 SHORT FIBER: CFRTP MARKET, BY REGION
TABLE 58 SHORT FIBER: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 59 SHORT FIBER: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 60 SHORT FIBER: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 61 SHORT FIBER: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)

8 CFRTP MARKET, BY APPLICATION

8.1 INTRODUCTION
FIGURE 42 AEROSPACE APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 62 CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 63 CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 64 CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 65 CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
8.2 AEROSPACE & DEFENSE
  8.2.1 ADVANCED DESIGN AND PROCESSING SOLUTIONS TO DRIVE MARKET
  8.2.2 INTERIOR COMPONENTS
    8.2.2.1 Seats
    8.2.2.2 Cabin
  8.2.3 EXTERIOR COMPONENTS
    8.2.3.1 Fuselage
    8.2.3.2 Wings
    8.2.3.3 Tail boom
FIGURE 43 NORTH AMERICA TO LEAD AEROSPACE & DEFENSE CFRTP MARKET DURING FORECAST PERIOD
  8.2.4 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION
TABLE 66 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 67 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 68 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 69 AEROSPACE & DEFENSE: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
8.3 AUTOMOTIVE
  8.3.1 REDUCED WEIGHT AND IMPROVED FUEL ECONOMY TO DRIVE MARKET
  8.3.2 EXTERIOR COMPONENTS
    8.3.2.1 Monocoque
    8.3.2.2 Hood
    8.3.2.3 Doors
  8.3.3 INTERIOR COMPONENTS
    8.3.3.1 Seats
    8.3.3.2 Dashboard
  8.3.4 CHASSIS
    8.3.4.1 Wheels
    8.3.4.2 Suspensions
  8.3.5 POWERTRAIN & UNDER HOOD
FIGURE 44 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  8.3.6 AUTOMOTIVE: CFRTP MARKET, BY REGION
TABLE 70 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 71 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 72 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 73 AUTOMOTIVE: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
8.4 CONSUMER ELECTRONICS
  8.4.1 WEIGHT REDUCTION OF ELECTRONIC DEVICES TO FUEL MARKET
  8.4.2 LAPTOPS
  8.4.3 DIGITAL CAMERAS
  8.4.4 MOBILE HANDSETS
FIGURE 45 ASIA PACIFIC TO BE LARGEST MARKET FOR CONSUMER ELECTRONICS DURING FORECAST PERIOD
  8.4.5 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION
TABLE 74 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 75 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 76 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 77 CONSUMER ELECTRONICS: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
8.5 TRANSPORTATION
  8.5.1 CHEMICAL RESISTANCE AND RECYCLABILITY TO FUEL MARKET
FIGURE 46 ASIA PACIFIC TO RECORD HIGHEST CAGR IN TRANSPORTATION CFRTP MARKET DURING FORECAST PERIOD
  8.5.2 TRANSPORTATION: CFRTP MARKET, BY REGION
TABLE 78 TRANSPORTATION: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 79 TRANSPORTATION: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 80 TRANSPORTATION: CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 81 TRANSPORTATION: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
8.6 OTHER APPLICATIONS
  8.6.1 OTHER APPLICATIONS: CFRTP MARKET, BY REGION
TABLE 82 OTHER APPLICATIONS: CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 83 OTHER APPLICATIONS: CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 84 OTHER APPLICATIONS: CFRTP MARKET, 2023–2028 (USD MILLION)
TABLE 85 OTHER APPLICATIONS: CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)

9 CFRTP MARKET, BY REGION

9.1 INTRODUCTION
FIGURE 47 CHINA TO BE FASTEST-GROWING CFRTP MARKET DURING FORECAST PERIOD
  9.1.1 CFRTP MARKET, BY REGION
TABLE 86 CFRTP MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 87 CFRTP MARKET, BY REGION, 2018–2022 (KILOTON)
TABLE 88 CFRTP MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 89 CFRTP MARKET, BY REGION, 2023–2028 (KILOTON)
9.2 NORTH AMERICA
  9.2.1 RECESSION IMPACT
FIGURE 48 NORTH AMERICA: CFRTP MARKET SNAPSHOT
  9.2.2 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE
TABLE 90 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
TABLE 91 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
TABLE 92 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
TABLE 93 NORTH AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
  9.2.3 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE
TABLE 94 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 95 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 96 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 97 NORTH AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
  9.2.4 NORTH AMERICA: CFRTP MARKET, BY APPLICATION
TABLE 98 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 99 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 100 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 101 NORTH AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
  9.2.5 NORTH AMERICA: CFRTP MARKET, BY COUNTRY
TABLE 102 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 103 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
TABLE 104 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 105 NORTH AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
    9.2.5.1 US
      9.2.5.1.1 Presence of well-established automotive and aerospace & defense industries to drive market
      9.2.5.1.2 US: CFRTP Market, By Application
TABLE 106 US: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 107 US: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 108 US: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 109 US: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.2.5.2 Canada
      9.2.5.2.1 Rising demand from aerospace and transportation industries to fuel market
      9.2.5.2.2 Canada: CFRTP market, by application
TABLE 110 CANADA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 111 CANADA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 112 CANADA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 113 CANADA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
9.3 EUROPE
  9.3.1 RECESSION IMPACT
FIGURE 49 EUROPE: CFRTP MARKET SNAPSHOT
  9.3.2 EUROPE: CFRTP MARKET, BY RESIN TYPE
TABLE 114 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
TABLE 115 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
TABLE 116 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
TABLE 117 EUROPE: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
  9.3.3 EUROPE: CFRTP MARKET, BY PRODUCT TYPE
TABLE 118 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 119 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 120 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 121 EUROPE: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
TABLE 122 EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
  9.3.4 EUROPE: CFRTP MARKET, BY APPLICATION
TABLE 123 EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 124 EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 125 EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
  9.3.5 EUROPE: CFRTP MARKET, BY COUNTRY
TABLE 126 EUROPE: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 127 EUROPE: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
TABLE 128 EUROPE: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 129 EUROPE: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
    9.3.5.1 Germany
      9.3.5.1.1 Growth of automotive and aerospace sectors to drive market
      9.3.5.1.2 Germany: CFRTP market, by application
TABLE 130 GERMANY: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 131 GERMANY: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 132 GERMANY: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 133 GERMANY: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.3.5.2 France
      9.3.5.2.1 Presence of major aircraft manufacturers to boost market
      9.3.5.2.2 France: CFRTP market, by application
TABLE 134 FRANCE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 135 FRANCE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 136 FRANCE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 137 FRANCE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.3.5.3 UK
      9.3.5.3.1 Increasing demand for lightweight and high-performance materials to drive market
      9.3.5.3.2 UK: CFRTP market, by application
TABLE 138 UK: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 139 UK: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 140 UK: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 141 UK: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.3.5.4 Spain
      9.3.5.4.1 Rising demand for carbon composites from aerospace & defense application to fuel market
      9.3.5.4.2 Spain: CFRTP market, by application
TABLE 142 SPAIN: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 143 SPAIN: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 144 SPAIN: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 145 SPAIN: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.3.5.5 Italy
      9.3.5.5.1 Diversified industrial base and good economic growth to drive market
      9.3.5.5.2 Italy: CFRTP market, by application
TABLE 146 ITALY: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 147 ITALY: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 148 ITALY: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 149 ITALY: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.3.5.6 Rest of Europe
      9.3.5.6.1 Rest of Europe: CFRTP market, by application
TABLE 150 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 151 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 152 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 153 REST OF EUROPE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
9.4 ASIA PACIFIC
  9.4.1 RECESSION IMPACT
FIGURE 50 ASIA PACIFIC: CFRTP MARKET SNAPSHOT
  9.4.2 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE
TABLE 154 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
TABLE 155 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
TABLE 156 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
TABLE 157 ASIA PACIFIC: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
  9.4.3 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE
TABLE 158 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 159 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 160 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 161 ASIA PACIFIC: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
  9.4.4 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION
TABLE 162 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 163 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 164 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 165 ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
  9.4.5 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY
TABLE 166 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 167 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
TABLE 168 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 169 ASIA PACIFIC: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
    9.4.5.1 China
      9.4.5.1.1 Presence of major CFRTP manufacturers to fuel market
      9.4.5.1.2 China: CFRTP market, by application
TABLE 170 CHINA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 171 CHINA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 172 CHINA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 173 CHINA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.4.5.2 Japan
      9.4.5.2.1 Large export of carbon fibers to drive market
      9.4.5.2.2 Japan: CFRTP market, by application
TABLE 174 JAPAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 175 JAPAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 176 JAPAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 177 JAPAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.4.5.3 South Korea
      9.4.5.3.1 Growth of automotive and electronics companies to propel demand for CFRTP
      9.4.5.3.2 South Korea: CFRTP market, by application
TABLE 178 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 179 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 180 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 181 SOUTH KOREA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.4.5.4 Taiwan
      9.4.5.4.1 High demand from sports industry to drive market
      9.4.5.4.2 Taiwan: CFRTP market, by application
TABLE 182 TAIWAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 183 TAIWAN: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 184 TAIWAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 185 TAIWAN: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.4.5.5 Rest of Asia Pacific
      9.4.5.5.1 Rest of Asia Pacific: CFRTP market, by application
TABLE 186 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 187 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 188 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 189 REST OF ASIA PACIFIC: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
9.5 MIDDLE EAST & AFRICA
  9.5.1 RECESSION IMPACT
  9.5.2 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE
TABLE 190 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
TABLE 191 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
TABLE 192 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
TABLE 193 MIDDLE EAST & AFRICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
  9.5.3 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE
TABLE 194 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 195 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
TABLE 196 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 197 MIDDLE EAST & AFRICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (KILOTON)
  9.5.4 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION
TABLE 198 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 199 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 200 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 201 MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
  9.5.5 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY
TABLE 202 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 203 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
TABLE 204 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 205 MIDDLE EAST & AFRICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
    9.5.5.1 Gulf Cooperation Council Countries
      9.5.5.1.1 UAE
        9.5.5.1.1.1 Stringent energy-efficiency regulations to drive market
      9.5.5.1.2 UAE: CFRTP market, by application
TABLE 206 UAE: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 207 UAE: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 208 UAE: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 209 UAE: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
      9.5.5.1.3 Saudi Arabia
        9.5.5.1.3.1 Growing demand from oil & gas industrial applications to fuel market
      9.5.5.1.4 Saudi Arabia: CFRTP market, by application
TABLE 210 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 211 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 212 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 213 SAUDI ARABIA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
      9.5.5.1.5 Rest of GCC Countries
        9.5.5.1.5.1 Rest of GCC Countries: CFRTP market, by application
TABLE 214 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 215 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 216 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 217 REST OF GCC COUNTRIES: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.5.5.2 South Africa
      9.5.5.2.1 Growth of automotive and aerospace industries to drive market
      9.5.5.2.2 South Africa: CFRTP market, by application
TABLE 218 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 219 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 220 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 221 SOUTH AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.5.5.3 Rest of Middle East & Africa
      9.5.5.3.1 Rest of Middle East & Africa: CFRTP market, by application
TABLE 222 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 223 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 224 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 225 REST OF MIDDLE EAST & AFRICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
9.6 LATIN AMERICA
  9.6.1 RECESSION IMPACT
  9.6.2 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE
TABLE 226 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (USD MILLION)
TABLE 227 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2018–2022 (KILOTON)
TABLE 228 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (USD MILLION)
TABLE 229 LATIN AMERICA: CFRTP MARKET, BY RESIN TYPE, 2023–2028 (KILOTON)
  9.6.3 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE
TABLE 230 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (USD MILLION)
TABLE 231 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2023–2028 (USD MILLION)
TABLE 232 LATIN AMERICA: CFRTP MARKET, BY PRODUCT TYPE, 2018–2022 (KILOTON)
  9.6.4 LATIN AMERICA: CFRTP MARKET, BY APPLICATION
TABLE 233 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 234 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 235 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 236 LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
  9.6.5 LATIN AMERICA: CFRTP MARKET, BY COUNTRY
TABLE 237 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 238 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2018–2022 (KILOTON)
TABLE 239 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 240 LATIN AMERICA: CFRTP MARKET, BY COUNTRY, 2023–2028 (KILOTON)
    9.6.5.1 Brazil
      9.6.5.1.1 Growth of automotive industry to fuel demand for CFRTP
      9.6.5.1.2 Brazil: CFRTP market, by application
TABLE 241 BRAZIL: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 242 BRAZIL: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 243 BRAZIL: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 244 BRAZIL: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.6.5.2 Mexico
      9.6.5.2.1 Export-oriented economy to drive market
TABLE 245 MEXICO: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
      9.6.5.2.2 Mexico: CFRTP market, by application
TABLE 246 MEXICO: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 247 MEXICO: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 248 MEXICO: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)
    9.6.5.3 Rest of Latin America
      9.6.5.3.1 Rest of Latin America: CFRTP market, by application
TABLE 249 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
TABLE 250 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2018–2022 (KILOTON)
TABLE 251 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 252 REST OF LATIN AMERICA: CFRTP MARKET, BY APPLICATION, 2023–2028 (KILOTON)

10 COMPETITIVE LANDSCAPE

10.1 INTRODUCTION
10.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
  10.2.1 STRATEGIES ADOPTED BY CFRTP MANUFACTURERS
10.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS
FIGURE 51 REVENUE ANALYSIS
10.4 MARKET SHARE ANALYSIS
FIGURE 52 SHARES OF TOP COMPANIES IN CFRTP MARKET
TABLE 253 DEGREE OF COMPETITION: CFRTP MARKET
10.5 COMPANY EVALUATION MATRIX
  10.5.1 STARS
  10.5.2 PERVASIVE PLAYERS
  10.5.3 EMERGING LEADERS
  10.5.4 PARTICIPANTS
FIGURE 53 CFRTP MARKET: COMPANY EVALUATION MATRIX, 2022
  10.5.5 COMPANY FOOTPRINT
TABLE 254 COMPANY PRODUCT FOOTPRINT
TABLE 255 COMPANY END-USE INDUSTRY FOOTPRINT
TABLE 256 PRODUCT TYPE FOOTPRINT
TABLE 257 COMPANY REGION FOOTPRINT
10.6 START-UP/SME EVALUATION MATRIX
  10.6.1 PROGRESSIVE COMPANIES
  10.6.2 RESPONSIVE COMPANIES
  10.6.3 DYNAMIC COMPANIES
  10.6.4 STARTING BLOCKS
FIGURE 54 CFRTP MARKET: START-UP/SME EVALUATION MATRIX, 2022
  10.6.5 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
TABLE 258 CFRTP MARKET: KEY START-UPS/SMES
TABLE 259 CFRTP MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
10.7 COMPETITIVE SCENARIO AND TRENDS
  10.7.1 PRODUCT LAUNCHES
TABLE 260 CFRTP MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2018–2023
TABLE 261 CFRTP MARKET: DEALS, 2018–2023
TABLE 262 CFRTP MARKET: OTHER DEVELOPMENTS, 2018–2023

11 COMPANY PROFILES

(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
  11.1.1 TORAY INDUSTRIES, INC.
TABLE 263 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW
FIGURE 55 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
TABLE 264 TORAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 265 TORAY INDUSTRIES, INC.: PRODUCT LAUNCHES
TABLE 266 TORAY INDUSTRIES, INC.: DEALS
TABLE 267 TORAY INDUSTRIES, INC.: OTHER DEVELOPMENTS
  11.1.2 TEIJIN LIMITED
TABLE 268 TEIJIN LIMITED: COMPANY OVERVIEW
FIGURE 56 TEIJIN LIMITED: COMPANY SNAPSHOT
TABLE 269 TEIJIN LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 270 TEIJIN LIMITED: DEALS
TABLE 271 TEIJIN LIMITED: OTHER DEVELOPMENTS
  11.1.3 MITSUBISHI CHEMICAL GROUP CORPORATION
TABLE 272 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY OVERVIEW
FIGURE 57 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY SNAPSHOT
TABLE 273 MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 274 MITSUBISHI CHEMICAL GROUP CORPORATION: DEALS
TABLE 275 MITSUBISHI CHEMICAL GROUP CORPORATION: OTHER DEVELOPMENTS
  11.1.4 SOLVAY
TABLE 276 SOLVAY: COMPANY OVERVIEW
FIGURE 58 SOLVAY: COMPANY SNAPSHOT
TABLE 277 SOLVAY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 278 SOLVAY: DEALS
TABLE 279 SOLVAY: OTHER DEVELOPMENTS
  11.1.5 SGL CARBON
TABLE 280 SGL CARBON: COMPANY OVERVIEW
FIGURE 59 SGL CARBON: COMPANY SNAPSHOT
TABLE 281 SGL CARBON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 282 SGL CARBON: DEALS
TABLE 283 SGL CARBON: OTHER DEVELOPMENTS
  11.1.6 AVIENT CORPORATION
TABLE 284 AVIENT CORPORATION: COMPANY OVERVIEW
FIGURE 60 AVIENT CORPORATION: COMPANY SNAPSHOT
TABLE 285 AVIENT CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 286 AVIENT CORPORATION: PRODUCT LAUNCHES
TABLE 287 AVIENT CORPORATION: OTHER DEVELOPMENTS
  11.1.7 CELANESE CORPORATION
TABLE 288 CELANESE CORPORATION: COMPANY OVERVIEW
FIGURE 61 CELANESE CORPORATION: COMPANY SNAPSHOT
TABLE 289 CELANESE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 290 CELANESE CORPORATION: DEALS
TABLE 291 CELANESE CORPORATION: OTHER DEVELOPMENTS
  11.1.8 ASAHI KASEI CORPORATION
TABLE 292 ASAHI KASEI CORPORATION: COMPANY OVERVIEW
FIGURE 62 ASAHI KASEI CORPORATION: COMPANY SNAPSHOT
TABLE 293 ASAHI KASEI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 294 ASAHI KASEI CORPORATION: DEALS
  11.1.9 RTP COMPANY
TABLE 295 RTP COMPANY: COMPANY OVERVIEW
TABLE 296 RTP COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  11.1.10 COMPLAM MATERIAL CO., LTD.
TABLE 297 COMPLAM MATERIAL CO., LTD.: COMPANY OVERVIEW
TABLE 298 COMPLAM MATERIAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  11.1.11 ENSINGER
TABLE 299 ENSINGER: COMPANY OVERVIEW
TABLE 300 ENSINGER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 301 ENSINGER: DEALS
  11.1.12 JIANGSU QIYI TECHNOLOGY CO., LTD.
TABLE 302 JIANGSU QIYI TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
TABLE 303 JIANGSU QIYI TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.2 OTHER COMPANIES
  11.2.1 QINGDAO CIMC COMPOSITES CO., LTD.
TABLE 304 QINGDAO CIMC COMPOSITES CO., LTD.: COMPANY OVERVIEW
  11.2.2 XIAMEN LFT COMPOSITE PLASTIC CO., LTD.
TABLE 305 XIAMEN LFT COMPOSITE PLASTIC CO., LTD.: COMPANY OVERVIEW
  11.2.3 OKUTANI LTD.
TABLE 306 OKUTANI LTD.: COMPANY OVERVIEW
  11.2.4 CTECH-LLC
TABLE 307 CTECH-LLC: COMPANY OVERVIEW
  11.2.5 FIBRTEC
TABLE 308 FIBRTEC: COMPANY OVERVIEW
  11.2.6 LINGOL CORPORATION
TABLE 309 LINGOL CORPORATION: COMPANY OVERVIEW
  11.2.7 SHANGHAI WANHOO CARBON FIBER INDUSTRY CO., LTD.
TABLE 310 SHANGHAI WANHOO CARBON FIBER INDUSTRY CO., LTD.: COMPANY OVERVIEW
  11.2.8 GPM COMPOSITE TECHNOLOGY (KUNSHAN) CO., LTD.
TABLE 311 GPM COMPOSITE TECHNOLOGY (KUNSHAN) CO., LTD.: COMPANY OVERVIEW
  11.2.9 HEBEI CHAOKE IMPORT & EXPORT CO., LTD.
TABLE 312 HEBEI CHAOKE IMPORT & EXPORT CO., LTD.: COMPANY OVERVIEW
  11.2.10 SUZHOU TOPO NEW MATERIAL CO., LTD.
TABLE 313 SUZHOU TOPO NEW MATERIAL CO., LTD.: COMPANY OVERVIEW
  11.2.11 HEBEI BENJINXIN INDUSTRIAL CO., LTD.
TABLE 314 HEBEI BENJINXIN INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
  11.2.12 JIANGSU AIMI TECH CO., LTD.
TABLE 315 JIANGSU AIMI TECH CO., LTD.: COMPANY OVERVIEW
  11.2.13 KINGFA SCI. & TECH. CO., LTD.
TABLE 316 KINGFA SCI. & TECH. CO., LTD.: COMPANY OVERVIEW
*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

12.1 DISCUSSION GUIDE
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 CUSTOMIZATION OPTIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS


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