Carbon Fiber and CFRP Market is growing at a CAGR of 13.9% till 2019. The report also includes profiled leading players of this industry with their recent developments and other strategic industry activities
November 04, 2014The research report, “Carbon Fiber Market & Carbon Fiber Reinforced Plastic (CFRP) by Type, Fiber size, & Region; CFRP Market by Type, by Manufacturing processes/semi- finished product, Resin, Application and Region) - Global forecast to 2019”, defines and segments the global carbon fiber and CFRP market with analysis and forecasting of the global consumption volume and value.
Browse 69 market data tables with 52 figures spread through 163 pages and in-depth TOC on "Carbon Fiber Market & Carbon Fiber Reinforced Plastic (CFRP) Market ".
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The carbon fiber and CFRP market is quite fragmented due to the presence of a large number of players. Asia-Pacific is witnessed as the biggest market of carbon fiber, while Europe is the fastest growing carbon fiber market, due to the increasing demand of CFRP from the application industry. The demand for carbon fiber in the region is anticipated to grow at a CAGR of about 14.0% from the tenure 2014 to 2019.
Top three players accounted for about 75% of global carbon fiber market in 2013. Toray (Japan) was the leading market participant with 40% of production capacity globally by the end of 2013. The company is among the major producers of carbon fiber and CFRP composites in the world and continues to increase its market share through partnerships and collaborations with leading application industries to meet their modern needs.
As a part of its business strategy, the company is dedicated towards creating value for itself and its customers by utilizing the full breadth of its technology and global business expertise. It accelerates the efforts towards enhancing its capabilities to deliver innovative solutions for addressing the global needs of cost and efficiency.
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Toray has strong presence across the Asian region and is expanding its carbon fiber and CFRP business in North America and European regions to preserve its dominance in the market. It has well covered the Asian region and is now focusing on the North American region for Aerospace and Defense, and European region, mainly in automotive sector. In order to strive the competition the company is expanding its geographic reach through acquisition of local companies and establishing new plants in various geographical regions. Presently The company’s prime focus is on automotive, aerospace, wind energy, marine and other industrial applications for expansion of its carbon fiber and carbon fiber reinforced plastic (CFRP) business.
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The carbon fiber and CFRP market is high innovation centric and market players are pushing their capabilities to adopt the latest technological trends, and develop next generation technologies to reduce the cost of production of these fibres.
In order to meet the growing demand from CFRP application industries from European region, the leading manufacturer from Asia-pacific region are rapidly continuing to increase their production capacities in Asia, mainly in China.
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