Petroleum Pitch
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Petroleum Pitch CFRP Market Size and Growth
The Petroleum Pitch CFRP market is experiencing significant growth, driven by increasing demand in aerospace, automotive, and sports industries. Market size is projected to reach approximately $XX million by 2025, with a CAGR of XX%. Key trends include advancements in production technologies and heightened focus on lightweight, high-performance materials.
Companies Covered (Covid 19 Impact Covered)
◍ Cytec Industries Inc. (U.S.)
◍ DowAksa Advanced Composites Holdings B.V. (Turkey)
◍ Formosa Plastics Corporation (U.S.)
◍ Hexcel Corporation (U.S.)
The Petroleum Pitch CFRP market features key players like Cytec Industries, DowAksa, and Toray. These companies leverage advanced manufacturing processes to produce high-performance carbon fiber reinforced plastics (CFRPs) for aerospace and automotive sectors. Their innovations and partnerships enhance market growth, driving demand for lightweight, durable materials.
◍ Jiangsu Hengshen Fibre Material Co., Ltd. (China)
◍ Mitsubishi Rayon Co., Ltd (Japan)
◍ SGL Carbon SE (Germany)
◍ Teijin Limited. (Japan)
◍ Toray Industries, Inc. (Japan)
- Cytec Industries: $1.17 billion
- Hexcel Corporation: $2.2 billion
◍ Zhongfu Shenying Carbon Fiber Co., Ltd. (China)
- Toray Industries: $17.3 billion Request Sample Report
Market Segmentation
By Application
Automotive
Thermal Conductive Material
Building ◍ Other
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By Product
Normal Strength
High Strength
Market Growth
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$ X Billion USD
