CF & CFRP Market
CF & CFRP Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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CF & CFRP Market Size and Growth
The CF and CFRP market is witnessing substantial growth driven by increasing demand in aerospace, automotive, and construction sectors. The market is projected to reach approximately USD 40 billion by 2028, with a CAGR of around 10%. Key trends include advancements in manufacturing technology and a shift towards lightweight materials.
Companies Covered
(Covid 19 Impact Covered)
◍ Toray Industries
◍ TEIJIN FIBERS
◍ SGL GROUP
◍ FORMOSA PLASTICS CORPORATION
◍ HEXCEL CORPORATION
◍ HYOSUNG
◍ TENCATE
◍ DOWAKSA
◍ CYTEC INDUSTRIES INC.
◍ TAEKWANG INDUSTRIAL CO. LTD.
◍ GURIT HOLDINGS AG
◍ PLASAN CARBON COMPOSITES
◍ SK CHEMICALS
◍ Nippon Graphite Fibre Corporation
The CF & CFRP market features key players like Toray Industries, SGL Group, and Hexcel, which advance technology and applications in aerospace and automotive sectors. Their innovations enhance product performance, driving market growth. Sales revenues include:
- Toray Industries: Approx. $18 billion
- Hexcel Corporation: Approx. $3 billion
- Teijin: Approx. $5.2 billion
◍ KEMROCK INDUSTRIES AND EXPORTS LTD.
◍ PARK ELECTROCHEMICAL CORPORATION
◍ BGF INDUSTRIES
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◍ HINDOOSTAN COMPOSITE SOLUTIONS
Market Segmentation
By Application
Aerospace
Automotive
Ship
Medical
By
Product
◍ Polyacrylonitrile Carbon Fiber
Pitch Based Carbon Fiber
Rayon Carbon Fiber
Thermosetting CFRP
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Market Growth
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$ X Billion USD
