1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED IN THE REPORT 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 KEY INDUSTRY INSIGHTS 19
2.1.2 BREAKDOWN OF PRIMARY INTERVIEWS 19
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 20
2.2.2 TOP-DOWN APPROACH 21
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 22
2.4 RESEARCH ASSUMPTIONS 23

3 EXECUTIVE SUMMARY 24

4 PREMIUM INSIGHTS 28
4.1 SIGNIFICANT OPPORTUNITIES IN CFRP MARKET, 2017–2022 28
4.2 CFRP MARKET, BY RESIN TYPE 28
4.3 CFRP MARKET, BY END-USE INDUSTRY, AND REGION 29
4.4 CFRP MARKET, BY MANUFACTURING PROCESS 30
4.5 CFRP MARKET GROWTH, BY COUNTRY (VALUE) 30
4.6 CFRP MARKET SIZE, BY COUNTRY 31
4.7 CFRP MARKET SIZE, BY END-USE INDUSTRY 31

5 MARKET OVERVIEW 32
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 34
5.2.1.1 Increase in the use of carbon fiber and carbon fiber reinforced plastics in Boeing and Airbus aircraft 34
5.2.1.2 Increase in demand for fuel-efficient vehicles 34
5.2.1.3 Focus on production of electricity from renewable sources 35
5.2.2 RESTRAINTS 36
5.2.2.1 High cost of carbon fiber composites 36
5.2.2.2 Insufficient production capacity 36
5.2.3 OPPORTUNITIES 37
5.2.3.1 Potential opportunities in new applications 37
5.2.3.2 Growing demand from emerging markets 37
5.2.4 CHALLENGES 37
5.2.4.1 To produce low-cost carbon fiber composite for its mass production in low-cost commercial applications 37
5.2.4.2 To achieve technical advancements to reduce the cycle time 38
5.3 PORTER’S FIVE FORCES ANALYSIS 38
5.3.1 THREAT OF NEW ENTRANTS 39
5.3.2 THREAT OF SUBSTITUTES 39
5.3.3 BARGAINING POWER OF SUPPLIERS 39
5.3.4 BARGAINING POWER OF BUYERS 40
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 40

6 MACROECONOMIC OVERVIEW AND KEY TRENDS 41
6.1 INTRODUCTION 41
6.2 TRENDS AND FORECAST OF GDP 41
6.3 PER CAPITA GDP VS. PER CAPITA CFRP DEMAND 43
6.4 TRENDS OF AEROSPACE INDUSTRY 44
6.5 TRENDS OF AUTOMOTIVE INDUSTRY 45

7 CF MARKET, BY RAW MATERIAL TYPE 46
7.1 INTRODUCTION 47
7.2 POLYACRYLONITRILE (PAN-BASED) CARBON FIBERS 48
7.2.1 PAN-BASED CARBON FIBER, BY TOW SIZE 48
7.2.1.1 Small-tow (<24K) 48
7.2.1.2 Large-tow (>24K) 48
7.3 PITCH-BASED CARBON FIBER 49
7.4 RAYON-BASED CARBON FIBER 49

8 CFRP MARKET, BY RESIN TYPE 50
8.1 INTRODUCTION 51
8.2 THERMOSETTING CFRP 52
8.2.1 THERMOSETTING CFRP, BY RESIN TYPE 52
8.3 THERMOPLASTIC CFRP 54
8.3.1 THERMOPLASTIC CFRP, BY RESIN TYPE 54
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9 CFRP MARKET, BY MANUFACTURING PROCESS 57
9.1 INTRODUCTION 58
9.2 LAY-UP PROCESS 60
9.3 COMPRESSION MOLDING PROCESS 61
9.4 RESIN TRANSFER MOLDING PROCESS 63
9.5 FILAMENT WINDING PROCESS 64
9.6 INJECTION MOLDING PROCESS 65
9.7 PULTRUSION PROCESS 66
9.8 OTHER PROCESSES 67

10 CFRP MARKET, BY END-USE INDUSTRY 69
10.1 INTRODUCTION 70
10.2 AEROSPACE & DEFENSE 72
10.2.1 INTERIOR PARTS 73
10.2.2 EXTERIOR PARTS 73
10.3 WIND ENERGY 75
10.3.1 WIND BLADES 75
10.4 AUTOMOTIVE 77
10.4.1 INTERIOR PARTS 77
10.4.2 EXTERIOR PARTS 77
10.5 SPORTING GOODS 80
10.6 CIVIL ENGINEERING 81
10.7 PIPE & TANK 82
10.8 MARINE 83
10.9 ELECTRICAL & ELECTRONICS 84
10.10 MEDICAL 85
10.11 OTHER APPLICATIONS 86

11 CFRP MARKET, BY REGION 88
11.1 INTRODUCTION 89
11.2 NORTH AMERICA 90
11.2.1 CANADA 92
11.2.2 U.S. 93
11.2.3 MEXICO 93
11.3 EUROPE 93
11.3.1 GERMANY 95
11.3.2 FRANCE 96
11.3.3 U.K. 96
11.3.4 ITALY 96
11.3.5 SPAIN 96
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11.4 ASIA-PACIFIC 96
11.4.1 CHINA 98
11.4.2 JAPAN 98
11.4.3 SOUTH KOREA 99
11.4.4 TAIWAN 99
11.5 SOUTH AMERICA 99
11.5.1 BRAZIL 101
11.5.2 ARGENTINA 101
11.6 MIDDLE EAST & AFRICA (ME&A) 101
11.6.1 UAE 103
11.6.2 ISRAEL 103
11.6.3 SOUTH AFRICA 103

12 COMPETITIVE LANDSCAPE 104
12.1 INTRODUCTION 104
12.1.1 DYNAMIC 104
12.1.2 INNOVATORS 104
12.1.3 VANGUARDS 104
12.1.4 EMERGING 104
12.2 COMPETITIVE BENCHMARKING 105
12.3 PRODUCT OFFERINGS 106
12.4 BUSINESS STRATEGY 107

13 COMPANY PROFILES 108
(Overview, Financial*, Products & Services, Strategy, and Developments)
13.1 TORAY INDUSTRIES INC. 108
13.2 TEIJIN LIMITED 112
13.3 MITSUBISHI CHEMICAL HOLDINGS CORPORATION 116
13.4 SGL GROUP 119
13.5 FORMOSA PLASTICS CORPORATION 123
13.6 HEXCEL CORPORATION 125
13.7 HYOSUNG 129
13.8 TENCATE 132
13.9 DOWAKSA 135
13.10 CYTEC SOLVAY GROUP 137
13.11 TAEKWANG INDUSTRIAL CO. LTD. 141
13.12 GURIT HOLDINGS AG 143
13.13 PLASAN CARBON COMPOSITES 146
13.14 SK CHEMICALS 148
13.15 NIPPON GRAPHITE FIBER CORPORATION 150
13.16 KEMROCK INDUSTRIES AND EXPORTS LTD. 152
13.17 PARK ELECTROCHEMICAL CORPORATION 152
13.18 BGF INDUSTRIES 152
13.19 HINDOOSTAN COMPOSITE SOLUTIONS 152
13.20 CROSBY COMPOSITES 153
13.21 SIGMATEX LIMITED 153
13.22 ROYAL DSM 153
13.23 ZHONGAO CARBON 153
13.24 HC COMPOSITE 154
13.25 AERON COMPOSITE PVT. LTD. 154
*Details might not be captured in case of unlisted companies.

14 APPENDIX 155
14.1 INSIGHTS FROM INDUSTRY EXPERTS 155
14.2 DISCUSSION GUIDE 156
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 158
14.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 160
14.5 AVAILABLE CUSTOMIZATIONS 161
14.6 RELATED REPORTS 161
14.7 AUTHOR DETAILS 162