Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size and Forecasts

Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size and Forecasts to 2023

INFINIUM GLOBAL RESEARCH

Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

INTRODUCTION

REPORT DESCRIPTION Carbon fiber reinforced Plastic industry has experienced radical changes in the recent past. With significant changes in lifestyles of people worldwide and growing geriatric population, the demand for cosmetic products has witnessed upward trends. Carbon fiber reinforced Plastic is done in forms such as Manufacturing Process, sachets and Prepreg Layup, while the materials used for packaging include Polyacrylonitrile, Petroleum pitch and Plastics. Packaging is nowadays playing crucial role in the marketing strategies of the carbon fiber reinforced Plastic.

This report estimates the market size of carbon fiber reinforced Plastic in terms of value (USD million) over the period of 2015 to 2023.The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for carbon fiber reinforced Plastic by materials, applications and Manufacturing Process are estimated terms of value. This market research study provides detailed qualitative and quantitative analysis of the global Carbon Fiber Reinforced Plastic Market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of Carbon fiber reinforced Plastic. Furthermore, the market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market size and forecasts are also given for these regions.

Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Carbon fiber reinforced Plastic market. Moreover, the study highlights current market trends and provides forecast from 2015 to 2023. We also have highlighted future trends in the global Carbon fiber reinforced Plastic market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.

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Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

SEGMENTATION AND RESEARCH SCOPE CARBON FIBER REINFORCED PLASTIC MARKET SEGMENTATION

Manufacturing Process Raw Materials

 Polyacrylonitrile  Petroleum pitch  Others (Rayon, Coal Tar Pitch)

Type

 Thermosetting  Thermoplastic

Application

 Prepreg Layup

 Aerospace & Defence

 Pultrusion and Winding

 Wind Turbines

 Wet Lamination & Infusion

 Automotive

 Press and Injection Others

 Sports Equipment  Sports Equipment  Building & Construction

 Molding Compounds  Others

The global Carbon Fiber Reinforced Plastic market by type, raw materials, manufacturing process, and application and region. On the basis of raw materials the CFRP market is segmented as Polyacrylonitrile, Petroleum Pitch, and others.

Moreover, on the basis of types it is segmented as Thermo setting and Thermoplastic.

The manufacturing processes of carbon fiber reinforced plastic include Prepreg Layup, Pultrusion and Winding, Wet Lamination & Infusion, Press and Injection, and others.

The applications of CFRP covered in the research include Aerospace & Defense, Wind Turbines, Automotive, Sports Equipment, Building & Construction, Molding Compounds, and others.

RESEARCH METHODOLOGY METHODOLOGY Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Carbon fiber reinforced Plastic market, to identify the factors that promote the growth in this market as well as the factors that 3

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Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.

Infinium Global Research offers its clients analysis based on extensive primary research which considers factual inputs of the experts in the industry including consultants, opinion leaders, and executives representing the leading companies in the carbon fiber reinforced Plastic market. Our in-house industry experts and SMEs are instrumental in developing the models that are apt to satisfy the research and business intelligence needs of our clients. We ensure consistent, and robust data analysis that will aid strategic decision making.

RESEARCH METHODOLOGY: AN OUTLINE

Primary Research

Secondary research

• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars

• Secondary sources of the information and data include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others

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Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

DATA COLLECTION MATRIX: RESEARCH METHODOLOGY: DATA COLLECTION MATRIX

Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global carbon fiber reinforced Plastic market. The supply side analysis considers the production of carbon fiber reinforced Plastic. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the carbon fiber reinforced Plastic. The demand side analysis considers the Types areas of the carbon fiber reinforced Plastic market. In this approach the various industry players are considered. The application areas provide the data of consumption of carbon fiber reinforced Plastic in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional carbon fiber reinforced Plastic market. In order to arrive at the market size as well as to validate the data findings from supply and demand side analyses the import, export and production data are considered. The consumption in the global, regional as well as country markets is estimated using the following formula Consumption= (Production + Import) – Export

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Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

RESEARCH APPROACHES- BOTTOM UP • Accumulation of the country level market size (sales value) • Regional market size of carbon fiber reinforced plastic and its application

• Segment revenue of the key players • Country level market size by raw material, by type,by applications and by Manufacturing Process (sales value) • Identifying key players in the carbon fiber reinforced plastic market

• •

Accumulation of the regional/country market size (sales value) Global market size of raw material, type, applications and Manufacturing Process

RESEARCH APPROACHES- TOP-DOWN

Top Down Approach

• Global market size of carbon fiber reinforced plastic market Global market

Market Segments

• % breakdown by market segments by raw material, by type, by applications and by Manufacturing Process of carbon fiber reinforced plastic

Top- Down Approach Determine the regional market size

Country Level market sizing

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• Regional market size of the carbon fiber reinforced plastic market (sales value) • Regional market size of diagnostic methods in terms of value

• Country level market size of the carbon fiber reinforced plastic market in every region (sales value) • Country level market size of diagnostic methods in every region

Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

The study on global carbon fiber reinforced Plastic market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023.

Moreover, the market estimates are provided in terms of revenue in USD million.

Furthermore, the research covers the analysis of various segments in the global carbon fiber reinforced Plastic market. The estimates in the global carbon fiber reinforced Plastic market are based on both bottom-up and top-down approaches. In the bottomup approach the revenues of the key players are determined and added to arrive at the country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of carbon fiber reinforced Plastic market.

In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific, and RoW. The regional market was then divided as per the market share of the application segments such as Aerospace & Defense, Wind Turbines, Sports Equipment, and Automotive.

IGR- RESEARCH METHOD AND DATA TRIANGULATION

SECONDARY SOURCES.

PRIMARY SOURCES

• Industry Publications

of

end-use

• Industry news ‘ • Data sources • Agency for Healthcare Research and Quality

Infinium’s Data bank/Know how

• American Academy of Orthopedic Surgeons • HealthData

•C-level executives in the leading manufacturing companies of carbon fiber reinforced plastic Product managers •Sales managers •Industry consultants •Distributors/Suppliers

• Others

• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Journals Primary Research

Secondary Research

• Paid Databases

Company Publications .

SUPPLY SIDE

• NAHDO • The Cochrane Collaboration

General. Publications

DEMAND SIDE

• Government Agencies’ Publications

•Top executives industries •Intermediaries

Data Triangulation and Information Sources

The market size of carbon fiber reinforced Plastic is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the carbon fiber reinforced Plastic market.

The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help 7

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Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

identify the market size of the carbon fiber reinforced Plastic market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the carbon fiber reinforced Plastic market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of carbon fiber reinforced Plastic. With the help of primary interviews and secondary research the market size of carbon fiber reinforced Plastic is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of carbon fiber reinforced Plastic in the world market.

EXECUTIVE SUMMARY GLOBAL CARBON FIBER REINFORCED PLASTIC MARKET, 2015 – 2023 (USD MILLION)

Value

Carbon fiber reinforced Plastic market is expected to experience rapid growth globally in terms of value. The global market size of Carbon fiber reinforced Plastic in terms of value was USD xxxx.x million in 2015 and it is expected to grow at a CAGR of 10.0% between 2016 and 2023 and reach USD xxxx.x million in 2023.

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Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

GLOBAL CARBON FIBER REINFORCED PLASTIC MARKET, CAGR (VALUE) GROWTH BY REGIONS (2015 – 2023)

x.x %

x.x

%

x.x

%

North America Europe

Asia

The Europe region is expected to grow at a moderate rate to closely follow North America in terms of market size over the forecast period. Among the geographies, North America dominates the global carbon fiber reinforced Plastic market in terms of revenue of carbon fiber reinforced Plastic market. It was worth USD xxxx.x million in 2015 and it is expected to grow at a CAGR of x.x% over the forecast period to reach USD xxxx.x million in 2023. Asia-Pacific region is expected to be driven by the rapid growth in emerging markets such as India and China, the market size of carbon fiber reinforced Plastic in APAC was USD xxx.x million in 2015 and it is estimated to reach USD xxxx.x million in 2023, expanding at a CAGR of x.x% over the forecast period.

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Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

DRO ANALYSIS

D

• Driver 1 • Driver 2 • Driver 3

R

• Restraint 1 • Restraint 2 • Restraint 3

O

• Opportunity 1 • Opportunity 2

Drivers

Restraints

Opportunities

IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments/regions. It helps identify the most attractive segment/region for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements

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Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

 Consolidation zone: High growth rate and high market size, the companies operating in the regions that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the position in these regions.  Opportunity Zone: High growth low market size. The opportunity zone experiences product diversification by existing players and the entry of new players in the regions that fall under opportunity zone.  Safe Zone: Moderate growth and moderate market size.

IGR- GROWTH MATRIX ANALYSIS Growth Rate

Consolidation zone

Opportunity zone High

Low Risky zone

Retention zone High

Low North America

Europe

Asia-Pacific

Market Size

Rest of the World

According to IGR Growth Matrix, globally North America region falls under the retention zone, while Europe falls under the consolidation zone. North America, currently, is the largest consumer of carbon fiber reinforced Plastic followed by Europe. These two regions currently, hold a significant market share in the carbon fiber reinforced Plastic market. In North America the growth in carbon fiber reinforced Plastic market is expected to remain moderate over the forecast period in comparison with other regions. Hence, it is advisable that the companies operating in this region can focus on retention and can undertake several marketing campaigns to sustain 11

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Carbon Fiber Reinforced Plastic market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

their market shares in North America. Europe carbon fiber reinforced Plastic market on the other hand presents significant opportunities for the market players to consolidate their market position due to high growth and high market size of Carbon fiber reinforced Plastic in the region.

Asia- Pacific along with RoW (which comprises Latin America and Middle East) due to its high growth rate and moderate market size fall under opportunity zone and near safe zone area. This shows the long-term opportunities in the Asia Pacific and Middle East market due to its strong consumer base. Companies operating in these regions are advised to consolidate the market position and can focus on introduction of new products, extensive marketing and promotional activities. The higher growth in these regions is expected to provide significant opportunities for the new investors and new comers to focus on these markets over the forecast period.

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