Carbon Fiber and Carbon Fiber Reinforced Plastics Market
Carbon Fiber and Carbon Fiber Reinforced Plastics
Market Scope: Industry Analysis, Market Size,
Growth, Trends Till 2031
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Carbon Fiber and Carbon Fiber Reinforced Plastics
Market Size and Growth
The Carbon Fiber and Carbon Fiber Reinforced Plastics market is expanding due to rising demand in aerospace, automotive, and sporting goods sectors. The market is projected to reach approximately $30 billion by 2025, reflecting a CAGR of around 10%. Increasing lightweight material adoption drives growth and innovation in application technologies.
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Companies Covered (Covid 19 Impact Covered)
◍ Cytec Engineered Materials (Solvay Group) (United States)
◍ DowAksa (Turkey)
◍ Formosa Plastics Corporation (Taiwan)
◍ Hexcel Corporation (United States)
◍ Hyosung Corporation (South Korea)
◍ Jiangsu Hengshen (China)
◍ Kangde Composites (China)
◍ Kureha Corporation (Japan)
The carbon fiber and carbon fiber reinforced plastics market is competitive, driven by innovation and diverse applications across aerospace, automotive, and sports industries. Key players like Toray Industries and Hexcel focus on advanced materials, enhancing performance and sustainability. For instance:
- Toray Industries: $20 billion (2022)
- Hexcel Corporation: $3.2 billion (2022)
- Cytec Engineered Materials: part of Solvay, contributing significant revenue.
◍ Mitsubishi Chemical Corporation (Japan)
◍ Osaka Gas Chemicals (Japan)
◍ SGL Carbon SE (Germany)
◍ Teijin Limited (Japan)
◍ Toray Industries, Inc. (Japan)
◍ Weihai Guangwei Composites (China)
These companies propel market growth through cuttingedge technologies and expanding production capabilities.
◍ Zhongfu Shenying Carbon Fiber (China)
◍ Zoltek Companies (United States)
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