Carbon Fiber Market & Carbon Fiber Reinforced Plastic (CFRP) Market - Global Forecast to 2019

Carbon Fiber Market & Carbon Fiber Reinforced Plastic (CFRP) Market by Type, Fiber size, & Region; CFRP Market by (Type, Manufacturing processes/semi- finished product, Resin, Application and Region) - Global Forecast to 2019

The carbon fiber market size in terms of value is projected to grow at a CAGR of 11.9% between 2014 and 2019 to reach $3,602.35 million by 2019. Asia-Pacific held the largest share in 2013 with Japan leading the region. The developing countries such as South Korea, Taiwan, India, and Brazil are expected to grow with high growth rates while the developed countries such as U.S., Germany and Canada are predicted to show a moderate growth. Major demand in the Asia-Pacific region is projected to be from automotive and aerospace & defense industries. The carbon fiber market in Asia-Pacific region is growing fast, mainly due to the increasing demand from Europe for use in increasing applications of CFRP.
The CFRP market size in terms of value is projected to grow at a CAGR of 12.8% between 2014 and 2019 to reach $33,615.54 million by 2019. North America held the largest share in 2013 with Germany leading the region. The developed countries such as U.S., Germany and Japan are predicted to show a moderate growth. Major demand in the Europe region is projected to be from automotive and aerospace & defense industries.
New product launch and Expansion were the most preferred strategies among the major players in the carbon fiber and CFRP market, globally. The major players are invested huge amount and enhancing their technological base, product portfolio, and geographical reach by offering new application products to the end market.
Many companies offering CFRP are actively trying to increase their product portfolio and regional presence to cater to different regional markets. North America is the fastest growing market, mainly due to the increasing Aerospace & Defense and automotive industry in that region. Europe is the fastest growing market due to the increasing automotive industry and commercial use of CFRP in electric vehicles. Germany dominating the European market as many leading automotive companies are belongs from that region.
Major industry players are partnered and joint ventured with local automotive industries in Germany to target the local application industries for expansion of CFRP market. The major players in the carbon fiber and CFRP market are Toray Industries(Japan), Mitsubishi Rayon (Japan), Cytec Industries (U.S.) , Teijin Ltd (Japan), SGL-Carbon(Germany),Hexcel Corporation (U.S.), Hyosung Corp (South Korea), Formosa Plastic Corporation (Taiwan), Gurit Holdings (Switzerland), Plasan Carbon Composites (U.S.),Tencate (The Netherlands) and Kringlan Composites (Switzerland). These companies showed significant presence among other players in the global Carbon fiber and CFRP market.

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