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Carbon Fibre Reinforced Plastics (CFRP) Composites Market 2014-2024

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For an Executive Summary of this report please contact ediz.ibrahim@visiongain.com (+44 (0)20 7549 9976) or refer to our website …

For an Executive Summary of this report please contact ediz.ibrahim@visiongain.com (+44 (0)20 7549 9976) or refer to our website https://www.visiongain.com/Report/1244/Carbon-Fibre-Reinforced-Plastics-%28CFRP%29-Composites-Market-Forecast-2014-2024

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  • 1. Carbon Fibre Reinforced Plastics (CFRP) Composites Market Forecast 2014-2024 Future Potential for Top Companies in Aerospace, Automotive, Energy, Construction & Sporting Equipment ©notice This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior written agreement of visiongain.You cannot photocopy, fax, download to database or duplicate in any other way any of the material contained in this report. Each purchase and single copy is for personal use only.
  • 2. www.visiongain.com Contents 1. Report Overview 1.1 Global CFRP Composites Market Overview 1.2 Global CFRP Composites Market Segmentation 1.3 Why You Should Read This Report 1.4 How This Report Delivers 1.5 Key Questions Answered by This Analytical Report Include: 1.6 Who is This Report For? 1.7 Methodology 1.8 Frequently Asked Questions (FAQ) 1.9 Associated Visiongain Reports 1.10 About Visiongain 2. Introduction to the Carbon Fibre Reinforced Plastics Composites Market 2.1 What are Composites? 2.2 Where are Composites Utilized? 2.3 What are Polymer Matrix Composites (PMC)? 2.3.1 Constituents of Advanced Polymer Matrix Composites 2.3.1.1 The Matrix 2.3.1.2 Reinforcing Fibres 2.3.1.3 Interphase 2.4 What are Carbon Fibre Reinforced Plastics (CFRP)? 2.5 Learn About the Two Main Types of Carbon Fibres 2.6 How Are CFRP Manufactured? 2.6.1 Moulding 2.6.2 Vacuum bagging 2.6.3 Compression Moulding 2.6.4 Filament Winding 2.7 Other Competing Fibres 2.7.1 Glass Fibres 2.7.2 Aramid Fibres 2.7.3 Other Common Fibres
  • 3. www.visiongain.com Contents 3. Global CFRP Composites Market 2014-2024 ________ 3.1 What is Driving & Restraining the Global CFRP Composites Market? 3.2 Outlook for the Global CFRP Composites Market 2014-2024 4. Global CFRP Composites Market by Application 2014-2024 4.1 The Development of Advanced Materials in Aerospace 4.1.1 Commercial Aircrafts show Promising Growth Prospects for CFRP 4.1.2 Defence Cuts Hinder Carbon Fibre Composites Growth in Military Aircrafts 4.1.3 Economic Recovery Boost Demand for Composites use in Business Jets 4.1.4 CFRP Usage in Helicopters 4.1.5 CFRP Composites for Aerospace Market Forecast 2014-2024 4.2 Factors Driving CFRP Demand in Automotive Consumption 4.2.1 CFRP Composites for Interior Automotive Components 4.2.2 CFRP Composites for Automotive Body Components 4.2.3 CFRP Composites for Engine & Drivetrain Components in Automotives 4.2.4 CFRP for Other Automotive Components 4.2.5 CFRP Composites for Automotive Market Forecast 2014-2024 4.3 CFRP Composites for Energy Market Forecast 2014-2024 4.3.1 Wind Power Key Source of Renewable Energy 4.3.2 Advantages of CFRP Composites in the Oil & Gas Industry 4.3.3 Automotive Industry to Drive demand for CFRP in Fuel Cells 4.3.4 The Use of Carbon Fibre in Pressure Vessels 4.4 CFRP in Sporting Equipment 4.4.1 CFRP Composites for Sporting Equipment Market Forecast 2014-2024 4.5 CFRP in Infrastructure Designs 4.5.1 CFRP Composites for Construction Applications Market Forecast 2014-2024 4.6 CFRP Composites for Other Consumer Applications Market Forecast 2014-2024 4.6.1 Carbon Fibre Composites for Medical Applications 4.6.2 Carbon Fibre Composites for Marine Applications 5. Leading National Markets in the CFRP Composites Market________ 5.1 Outlook for the CFRP Composites Market in the US 2014-2024 5.1.1 US Dominance in Aerospace Market for CFRP Composites 5.1.2 Fuel Efficiency Requirements Shaping the US Automotive Market 5.1.3 US’ Power in Wind Energy
  • 4. www.visiongain.com Contents 5.2 Outlook for the CFRP Composites Market in Canada 5.2.1 The Canadian Aerospace Industry Provides Huge Growth Prospects to CFRP Composites Market 5.2.2 20% of Canada’s Energy to be Derived from Wind Sources by 2025 5.3 Outlook for the CFRP Composites Market in Brazil 2014-2024 5.3.1 Embraer’s Leading Market Position Drives the Brazilian Aerospace CFRP Market 5.3.2 Brazil: Largest Energy Consumer in South America 5.3.3 Burgeoning Middle Class Increase Demand for Automotive CFRPs 5.4 Outlook for the CFRP Composites Market in Germany 2014-2024 5.4.1 Germany’s Competitive Advantage in Automotive CFRP Composites 5.4.2 The German Energy Sector Composites Market 5.4.3 Exploring Opportunities in the German Aerospace Composites Market 5.5 Outlook for the CFRP Composites Market in the UK 2014-2024 5.5.1 The UK CFRP Composites Market for Aerospace Applications 5.5.2 Regulations and Volatile Fuels Prices Drive Demand for Carbon Fibre in the UK 5.5.3 A Third of the UK’s Renewable Energy Supply to be Generated from Wind Energy by 2020 5.6 Outlook for the CFRP Composites Market in France 2014-2024 5.6.1 French CFRP Industry to Benefit from the Domination of Airbus 5.6.2 Carbon Tax and Nuclear Levy to Fund France’s Renewable Energy Industry 5.6.3 CFRP Composites Demand by the French Automotive Industry 5.7 Outlook for the CFRP Composite Market in Italy 2014-2024 5.7.1 High Fuel Prices and EV boost Demand for CFRP Composites in Italy’s Automotive Sector 5.7.2 The Italian Aerospace CFRP Composite Industry 5.7.3 15% Growth in Italy’s Renewable Energy Market 5.8 Outlook for the CFRP Composite Market in Spain 2014-2024 5.8.1 Economic Crisis Hindering Growth in the Spanish CFRP Composites Market 5.9 Outlook for the CFRP Composites Market in Russia 2014-2024 5.10 Outlook for the CFRP Composite Market in China 2014-2024 5.10.1 Expansion of the Chinese Automotive Industry 5.10.2 China’s Dominance in Wind Energy CFRP Composites Market 5.10.3 The Chinese Aerospace Industry for CFRP Composites 5.11 Outlook for the CFRP Composite Market in Japan 2014-2024 5.11.1 Japan’s Highly Reputable Aerospace Market 5.11.2 Environment Concerns to Drive Demand for Carbon Fibre in Japanese Automotive Industry
  • 5. www.visiongain.com Contents 5.11.3 Find out why the Japanese Wind Power Industry is Vital to the Future of its Energy Sector CFRP Market 5.12 Outlook for the CFRP Composite Market in India 2014-2024 5.12.1 Demand for ‘Four-Wheels’ to Drive CFRP Composites Market in India 5.12.2 Industrial Growth to Boost India’s CFRP Composites Market 5.12.3 Indian Aerospace Industry Produce Mixed Signals for CFRP Composites Market 5.13 Outlook for the CFRP Composite Market in the Rest of Asia-Pacific 2014-2024 5.13.1 Rest of Asia-Pacific CFRP Composites for the Automotive Market 5.13.2 Rest of Asia-Pacific CFRP Composites for the Aerospace Market 5.13.3 Rest of Asia-Pacific CFRP Composites for the Infrastructure Industry 5.14 Outlook for the CFRP Composite Market in the MENA Region 2014-2024 5.15 Outlook for the CFRP Composite Market in the ROW 2014-2024 6. SWOT Analysis of the CFRP Composites Market 2014-2024________ 7. Expert Opinion _________ 7.1 Andy Brink - Global Technology and Business Development Manager Fibres and Composites Business Unit, Michelman 7.1.1 Recent Trends and Developments 7.1.2 Areas for Potential Growth 7.1.3 Carbon Fibre Consumption by the Aviation Sector and the Potential Recycling of Scrap Carbon Fibre 7.1.4 Market Drivers and Restraints 7.1.5 Potential Developments Leading to Low-Cost Carbon Fibre Composites 7.1.6 Global Outlook for the CFRP Market 7.2 Cliff Eberle - Composites Technology Development Manager, Oak Ridge National Laboratory 7.2.1 The Shift in Dominance from Aerospace to Industrial Applications 7.2.2 Energy Sector to see Strong Growth 7.2.3 Growth Drivers of the CFRP Composites Market 7.2.4 Factors Restricting the Growth of the CFRP Composites Market 7.2.5 Regions Promising Strong Growth Potential 7.2.6 Additional Expert Insights
  • 6. www.visiongain.com Contents 8. Leading Companies in the CFRP Composites Market_____________ 8.1 Cytec 8.1.1 Cytec: Historical Performance of Aerospace and Industrial Materials 8.1.2 Cytec Acquisitions and Divestments 8.2 DowAksa 8.3 GKN Aerospace 8.3.1 GKN Aerospace M&A Activity 8.3.2 GKN Aerospace: Historical Performance 8.4 Gurit 8.5 Hexcel Corporation 8.5.1 Hexcel: Historical Performance of Advanced Textiles & Composites 8.6 Mitsubishi Chemical Holdings Corporation (MCHC) 8.6.1 Mitsubishi Rayon 8.6.1.1 Mitsubishi Rayon Activities 8.6.2 Mitsubishi Plastics 8.6.2.1 Mitsubishi Plastics Activities 8.7 Nippon Graphite Fibre Corporation 8.7.1 Nippon Graphite Fibre Location and Operations 8.7.2 Outlook 8.8 SGL Group 8.8.1 SGL Group M&A Activity 8.8.2 SGL: Historical Performance for Carbon Fibre and Composites Segment 8.9 TenCate 8.9.1 TenCate Acquires Amber Composites 8.9.2 TenCate: Historical Performance of Advanced Textiles & Composites 8.10 Toho Tenax, Teijin Ltd 8.10.1 Teijin: Carbon Fibres and Composites Results 8.11 Toray 8.11.1 Toray: Historical Performance of Advanced Textiles & Composites 8.11.2 Toray’s M&A Activity 8.12 Zoltek 8.12.1 Zoltek: Historical Performance for Carbon Fibre Segment 8.13 Other Leading CFRP Composites Companies 8.13.1 Composite Holding Company 8.13.2 Crosby Composites 8.13.3 Formosa Plastics Corporation 8.13.4 Plasan Carbon Composites
  • 7. www.visiongain.com Contents 8.13.5 Other Companies in the Market 9. Conclusions & Recommendations 9.1 Market Drivers, Restraints & Opportunities 9.2 CFRP Composites Key End-User Applications Forecast Summary 9.3 Leading National Markets Forecast Summary 10. Glossary List of Tables Table 1.1 Leading National CFRP Composites Markets Forecast 2014-2024 ($bn, Cumulative) Table 3.1 Global CFRP Composites Market, Drivers & Restraints Table 3.2 Global CFRP Composites Market Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 4.1 CFRP Composites Market, Submarket by Applications Forecast 2014-2024 ($bn, AGR %, Cumulative) Table 4.2 Aerospace CFRP Composites Market Forecast by Application 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 4.3 Automotive CFRP Composites Market Forecast by Application 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 4.4 Energy CFRP Composites Market Forecast by Application 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 4.5 Sporting Equipment CFRP Composites Market Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 4.6 Construction CFRP Composites Market Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 4.7 Other CFRP Composites Market Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.1 Leading National CFRP Composites Markets Forecast 2014-2024 ($bn, AGR%, Cumulative) Table 5.2 US CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.3 Canada CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative)
  • 8. www.visiongain.com Contents Table 5.4 Brazil CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.5 Germany CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.6 UK CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.7 France CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.8 Italy CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.9 Spain CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.10 Russia CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.11 China CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.12 Japan CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.13 India CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.14 Rest of Asia-Pacific CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.15 MENA CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 5.16 ROW CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) Table 6.1 SWOT Analysis of the CFRP Composites Market 2014-2024 Table 8.1 Cytec Overview 2014 (Total Revenue 2013, Revenue from Market 2013, HQ, Ticker, Contact, Website) Table 8.2 Cytec: Historical Revenue ($bn, AGR %) 2010-2013 Table 8.3 DowAksa Overview 2014 (Total Revenue 2013, HQ, Ticker, Contact, Website) Table 8.4 GKN Aerospace Overview 2014 (Total Revenue 2012, HQ, Ticker, Contact, Website) Table 8.5 GKN Aerospace: Products and Specifications, 2014 Table 8.6 GKN Aerospace: Historical Revenue ($bn, AGR %) 2009-2012 Table 8.7 Gurit Overview 2014 (Total Revenue 2012, HQ, Ticker, Contact, Website) Table 8.8 Gurit: Company Division and Product Lines, 2014 Table 8.9 Hexcel Overview 2014 (Total Revenue 2012, HQ, Ticker, Contact, Website)
  • 9. www.visiongain.com Contents Table 8.10 Hexcel: Company Division and Product Lines, 2014 Table 8.11 Hexcel: Historical Revenue ($bn, AGR %) 2009-2012 Table 8.12 Mitsubishi Chemical Holdings Corporation Overview 2014 (Total Revenue 2013, HQ, Ticker, Contact, Website) Table 8.13 Mitsubishi Plastics: Company Division and Product Lines, 2014 Table 8.14 Nippon Graphite Fibre Corporation 2014 (HQ, Ticker, Contact, Website) Table 8.15 SGL Group Overview 2014 (Total Revenue 2013, Revenue from Market 2013, HQ, Ticker, Contact, Website) Table 8.16 SGL: Historical Revenue ($m, AGR %) 2010-2013 Table 8.17 TenCate Overview 2014 (Total Revenue 2013, Revenue from Market 2013, HQ, Ticker, Contact, Website) Table 8.18 TenCate: Company Division and Product Lines, 2014 Table 8.19 TenCate: Historical Revenue ($m, AGR %) 2010-2013 Table 8.20 Teijin Ltd. Overview 2014 (Total Revenue 2013, Revenue from Market 2013, HQ, Ticker, Contact, Website) Table 8.21 Toray Overview 2014 (Total Revenue 2013, Revenue from Market 2013, HQ, Ticker, Contact, Website) Table 8.22 Toray: Company Division and Product Lines, 2014 Table 8.23 Toray: Historical Revenue ($m, AGR %) 2010-2013 Table 8.24 Zoltek Overview 2014 (Total Revenue 2012, Revenue from Market 2012, HQ, Ticker, Contact, Website) Table 8.25 Zoltek: Company Division and Product Lines, 2014 Table 8.26 Zoltek: Historical Revenue ($m, AGR %) 2009-2012 Table 8.27 Formosa: Company Division and Product Lines, 2014 Table 8.28 Other Leading CFRP Composites Companies Table 9.1 Global CFRP Composites Market Forecast Summary 2014, 2019, 2024 ($bn, CAGR %) Table 9.2 Market Drivers, Restraints and Opportunities Table 9.3 CFRP Composites End-User Applications, Forecast Summary 2014, 2019, 2024 ($bn, CAGR %) Table 9.4 Leading National CFRP Composites Markets, Forecast Summary 2014, 2019, 2024 ($bn, CAGR %) List of Figures Figure 1.1 Italy CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 1.2 Applications of CFRP Composites Figure 1.3 Construction CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 3.1 Applications of CFRP Composites
  • 10. www.visiongain.com Contents Figure 3.2 Global CFRP Composites Market Forecast 2014-2024 ($bn, AGR%) Figure 4.1 CFRP Composites Market, Submarket by Applications Forecast 2014-2024 ($bn) Figure 4.2 CFRP Composites Market, Submarkets by Applications, Share Forecast 2014 (%) Figure 4.3 CFRP Composites Market, Submarkets by Applications, Growth Forecast 2014-2024 (CAGR %) Figure 4.4 CFRP Composites Market, Submarkets by Applications, Share Forecast 2019 (%) Figure 4.5 CFRP Composites Market, Submarkets by Applications, Share Forecast 2024 (%) Figure 4.6 Composites used in a Boeing 787 Figure 4.7 Aerospace CFRP Composites Market Forecast by Application 2014-2024 ($bn, AGR %) Figure 4.8 Aerospace CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 4.9 Automotive CFRP Composites Market Forecast by Application 2014-2024 ($bn, AGR%) Figure 4.10 Automotive CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 4.11 Energy CFRP Composites Market Forecast by Application 2014-2024 ($bn, AGR%) Figure 4.12 Energy CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 4.13 Sporting Equipment CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 4.14 Sporting Equipment CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 4.15 Construction CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 4.16 Construction CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 4.17 Other CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 4.18 Other CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.1 Leading National CFRP Composites Markets Forecast 2014-2024 ($bn) Figure 5.2 Leading National CFRP Composites Markets, Share Forecast 2014 (%) Figure 5.3 Leading National CFRP Composites Markets, Growth Forecast 2014-2024 (CAGR %) Figure 5.4 Leading National CFRP Composites Markets, Share Forecast 2019 (%) Figure 5.5 Leading National CFRP Composites Markets, Share Forecast 2024 (%) Figure 5.6 US CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.7 US CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.8 Canada CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %)
  • 11. www.visiongain.com Contents Figure 5.9 Canada CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.10 Brazil CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.11 Brazil CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.12 Germany CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.13 Germany CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.14 UK CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.15 UK CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.16 France CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.17 France CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.18 Italy CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.19 Italy CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.20 Spain CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.21 Spain CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.22 Russia CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.23 Russia CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.24 China CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.25 China CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.26 Japan CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.27 Japan CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.28 India CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.29 India CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.30 Rest of Asia Pacific CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.31 Rest of Asia Pacific CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.32 MENA CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %)
  • 12. www.visiongain.com Contents Figure 5.33 MENA CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 5.34 ROW CFRP Composites Market, Submarket Forecast 2014-2024 ($m, AGR %) Figure 5.35 ROW CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) Figure 8.1 Cytec: Historical Revenue ($bn) 2010-2013 Figure 8.2 GKN Aerospace: Historical Revenue ($bn) 2009-2012 Figure 8.3 Hexcel: Historical Revenue ($bn) 2009-2012 Figure 8.4 SGL: Historical Revenue ($m) 2010-2013 Figure 8.5 TenCate: Historical Revenue ($m) 2010-2013 Figure 8.6 Toray: Historical Revenue ($m) 2010-2013 Figure 8.7 Zoltek: Historical Revenue ($m) 2009-2012 Companies Mentioned in This Report ATR 3A Composites Advent International AgustaWestland Airbus Aksa Akrilik Kimya Sanayii A.Ş Aldila Alenia Alpolic Amber Composites Arbon Grossbauteil Atlas Elektronik Avio BAE Systems Balseurop Beechcraft Bell Helicopter Beluga Composites Corporation BMW Boeing Bombardier CAE Inc. Carbo Tech Composites
  • 13. www.visiongain.com Contents Carbon Components Cessna Aircraft Comac Composite Holding Company Coriolis Composites Crosby Composites Cytec DAHER Daimler AG Dassault Dow Chemical Company DowAksa Dr. Schnabel GmbH & Co.KG DSM DuPont EADS CASA Emas Kiara Industries Berhad Embraer Enercon Eurocopter European Aeronautic Defence and Space Company (EADS) Fibergrate Filton Finmeccanica Fisipe Fibras Sintéticas de Portugal S.A Formosa Plastics Corp Fuji Heavy Industries General Dynamics General Electric (GE) Georgia Pacific Germa Composite GKN Aerospace Gulfstream Gurit Hafei Aviation Industry Henkel Hexcel
  • 14. www.visiongain.com Contents Honeywell Hyosung Ingenics Kaman Kawasaki Kineco Private Kureha Laetzsch Lamborghini Leis Polytechnik Lockheed Martin MacDonald Dettwiler Magellan Aerospace Magna Mayr cfk McDonnell Douglas Michelman MicroBiopharm Japan Mitsubishi Chemical Holdings Corporation Mitsubishi Heavy Industries Mitsubishi Plastics Inc Mitsubishi Rayon Mitsubishi Montefibre S.p.A. Mubea Nikkiso Nippon Graphite Fiber Northrop Grumman Corporation Performance Materials Corporation (PMC) Baycomp Plasan Carbon Composites Pratt & Whitney Quadrant AG QuEst Global Quickstep Holdings Ltd Quickstep Technologies Rolls Royce RT-Chemcomposite Holding Company
  • 15. www.visiongain.com Contents Saab Group SABIC Saertex Safran SGL Carbon SGL Group Sikorsky Sino Composite SK Chemicals Co., Ltd. SOFICAR Star Orechem International Private Limited (SOIL) Sukhoi Suzuki Tata Group Technip Teijin Group Teleflex Aerospace Manufacturing Group (TAMG) TenCate Advanced Composites TK Industries GmbH Toho Tenax Co. Ltd., Toray Carbon Fibres Europe S.A. Toray Industries Toyota Umeco Plc Vestas Blades Volvo Aero Zoltek Other Organisations Mentioned in This Report Advisory Council for Aeronautical Research in Europe (ACARE) Borsa Istanbul Brazilian Wind Power Trade Association British Colombia Composite Research Network Canadian Composites Manufacturing Research and Development (CCMRD) consortium Canadian Wind Energy Association Commercial Aircraft Corporation of China (Comac) Composite Applications Laboratory (CAL)
  • 16. www.visiongain.com Contents Composite Innovation Centre Manitoba (CIC) Deutsche Börse Xetra Federal Aviation Administration (FAA) Global Wind Energy Council Institute of Industrial Science (IIS) - Tokyo Italian Aerospace Research Centre (CIRA) Lisbon Stock Exchange London Stock Exchange Massachusetts Institute of Technology (MIT) Moskvich Innovation Centre Nanotechnology Centre of Composites (NCC Russia) National Association of Securities Dealers Automated Quotations National Composite Centre (NCC) New York Stock Exchange NYSE Euronext Amsterdam Oak Ridge National Laboratory Swiss stock exchange The Organisation Internationale des Constructeurs d'Automobiles (OICA) Tokyo Stock Exchange US Department of Defence US Government Accountability Office (GAO)
  • 17. Page 61www.visiongain.com Carbon Fibre Reinforced Plastics (CFRP) Composites Market Forecast 2014-2024 Future Potential For Top Companies in Aerospace, Automotive, Energy, Construction & Sporting Equipment Figure 4.11 Energy CFRP Composites Market Forecast by Application 2014-2024 ($bn, AGR%) Figure 4.12 Energy CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) 2014 2019 2024 0 2 4 6 8 10 12 14 0 5 10 15 20 25 30 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 AGR(%) MarketValue$bn Year Wind Power Oil & Gas Fuel Cells High Pressure Vessels AGR (%) Source: Visiongain 2014 Source: Visiongain 2014
  • 18. Page 87www.visiongain.com Carbon Fibre Reinforced Plastics (CFRP) Composites Market Forecast 2014-2024 Future Potential For Top Companies in Aerospace, Automotive, Energy, Construction & Sporting Equipment 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2014-24 Total Sales 0.60 0.64 0.69 0.74 0.79 0.86 0.93 1.01 1.09 1.18 1.27 1.37 10.56 AGR (%) 6.3 7.1 7.4 7.9 8.2 8.6 8.4 7.9 7.9 7.6 7.8 2019-24 Table 5.4 Brazil CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %, CAGR %, Cumulative) 7.9 7.9 7.8CAGR (%) 2014-19 CAGR (%) 2014-24 Figure 5.10 Brazil CFRP Composites Market, Submarket Forecast 2014-2024 ($bn, AGR %) Figure 5.11 Brazil CFRP Composites Market, Market Share Forecasts 2014, 2019 and 2024 (% Share) 2014 2019 2024 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 AGR(%) MarketValue$bn Year Market Value ($bn) AGR (%) Source: Visiongain 2014 Source: Visiongain 2014 Source: Visiongain 2014
  • 19. Page 133www.visiongain.com Carbon Fibre Reinforced Plastics (CFRP) Composites Market Forecast 2014-2024 Future Potential For Top Companies in Aerospace, Automotive, Energy, Construction & Sporting Equipment 7. Expert Opinion ____ 7.1 Andy Brink - Global Technology and Business Development Manager Fibres and Composites Business Unit, Michelman Visiongain sought the expertise of Andy Brink, Ph.D. in Polymer Science from Va Tech. At the time Va Tech was at the NSF Centre for High Performance Adhesives and Composites. His research was on the interface of carbon fibre / PEEK composites. He then worked at Eastman in their Engineering Plastics Research Group, and later joined Reichhold to be the Technology Manager for their Binders and Sizings Group and was later the Applications Development Manager for Composites. In 2000 Andy started a company called Hydrosize® Technologies where they developed and manufactured sizings for the composites industry. In 2008 Michelman, Inc. acquired Hydrosize. Currently Andy is the Technology Manager for the Fibres and Composites Business Unit at Michelman. Michelman manufactures a wide range of lubricants and film formers used in sizings formulations for the Composites industry. 7.1.1 Recent Trends and Developments Visiongain: What are the recent trends and developments in the CFRP Market? Andy Brink: We are seeing carbon fibre being used to reinforce a wide range of resins and not just epoxy anymore. Particularly the area of carbon fibre / Thermoplastic resins seems to be growing. 7.1.2 Areas for Potential Growth Visiongain: In what applications do you expect to see growth in the market? Andy Brink: The largest application that is driving the market is the automotive sector. The USA’s Corporate Average Fuel Economy (CAFE) regulations demand a reduction in vehicle weight, and composites are ideal materials to reduce weight. Additionally, the EU has put in place a comprehensive legal framework to reduce CO2 emissions from new light duty vehicles as part of efforts to ensure it meets its greenhouse gas emission reduction targets under the Kyoto Protocol and beyond. Cars manufacturers are obliged to ensure that their new car fleet does not emit more than an average of 130 grams of CO2 per kilometre (g CO2/Km) by 2015 and 95g by 2020.
  • 20. Page 141www.visiongain.com Carbon Fibre Reinforced Plastics (CFRP) Composites Market Forecast 2014-2024 Future Potential For Top Companies in Aerospace, Automotive, Energy, Construction & Sporting Equipment 8.1 Cytec Cytec is a global specialty chemicals and materials company. It develops and manufactures products for aerospace composites, structural adhesives, automotive and industrial coatings, electronics, inks, mining and plastics markets. The company was founded in 1993 and is headquartered in Woodland Park, New Jersey. The company is present in North America, Latin America, Europe and Asia and has sales offices, manufacturing sites and development centres in 30 countries. Cytec has four business segments: Engineered Materials, In-Process Separation, Additive Technologies and Coating Resins. In- Process Separation, Additive Technologies and Coating Resins are managed under one leader and referred as Cytec Specialty Chemicals. The Engineering Materials segment offers advanced composites, prepregs, resin infusion systems, carbon fibre, structural film, and formulated resins. The Coating Resins offer specialty coating resins, industrial coating resins and powder coating resins, including radiation-cured resins, waterborne resins, amino cross-linkers, solvent-borne resins and urethane resins. In-Process Separation includes mining chemicals and phosphines and the Additive Technologies segment includes polymer additives and specialty additives. Table 8.1 Cytec Overview 2014 (Total Revenue 2013, Revenue from Market 2013, HQ, Ticker, Contact, Website) Total company revenue $bn 1.9 Revenue from this market $bn 1.25 *Aerospace and Industrial Materials segment Headquarters New Jersey, USA Ticker CYT: NYSE IR Contact Jodi Allen E-mail: jodi.allen@cytec.com Website https://www.cytec.com/ Source: Visiongain 2014