(EMAILWIRE.COM, August 03, 2023 ) As per Maximize Market research, the total global market for “CF & CFRP Market” was USD 32.8 Bn in 2022 and is expected to grow at a CAGR of 12.5 percent over the forecast period to reach USD 74.81 Bn by 2029.

CF & CFRP Market Report Scope and Research Methodology

The report includes CF & CFRP Market size estimation and the growth rate along with existing and future trends in the market. The data for the report is collected by using primary and secondary collection methods with qualitative and quantitative analysis.

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CF & CFRP Market Dynamics

The increasing demand for next-generation single-aisle aircraft and the growing adoption of carbon fiber in 3D printing are the boosting factors for the market growth. The high cost of the CF & CFRP restrains the CF & CFRP Market growth.

CF & CFRP Market Regional Insights

North America dominated the CF & CFRP Market with the largest market share of over 40 percent in 2022. The strong infrastructures for end-user industries such as aerospace and defense are the regional market growth drivers.

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CF & CFRP Market Segmentation

By Precursor Type
PAN
Pitch
Rayon

By Source
Virgin CF
Recycled CF

By Resin Type
Thermosetting CFRP
Thermoplastic CFRP

By Manufacturing Process
Lay-up
Compression Molding
Resin Transfer Molding
Others

By End-Use Industry
Aerospace & Defense
Wind Energy
Automotive & Transportation
Others

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CF & CFRP Market Key Competitors include:

Toray Industries Inc.,
Teijin Limited
Mitsubishi Chemical Corporation
Hexcel Corporation
Solvay
SGL Carbon
Hyosung Advanced Materials
Zhongfu Shenying Carbon Co., Ltd.
Kureha Corporation
DowAksa
Jiangsu Hengshen Co., Ltd.
Aeron Composite Pvt. Ltd.
BGF Industries
Crosby Composite

Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:

Carbon Fiber Market- The market size is expected to reach USD 8.11 Bn by 2029 at a CAGR of 8.8 percent during the forecast period.

Hydrogen Tank Material Market- The Market size is expected to reach USD 3358 Mn by 2029 at a CAGR of 22.1 percent during the forecast period.

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