CFRP Market Breakdown by Application: US

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CFRP Market Breakdown by Application: US

A report published by Lux Research in 2020 suggests that, this year, the projected breakdown of the global carbon fiber reinforced polymer (CFRP) market, by end-use industry, is more or less as follows: aerospace (42%), automotive (12%), wind — onshore (12%), wind — offshore (17%), oil and gas (1%), pressure vessels (3%), medical (2%), sporting goods (5%), and others (6%). A report published by Straits Research in 2020, on the other hand, suggests that, in 2019, the breakdown of the global CFRP market, by end-use industry, was more or less as follows: aerospace (30%), automotive (20%), sports equipment (15%), wind power industry (14%), building and construction industry (10%), and others (11%).

Lux Research's report suggests that, this year, the medical industry is projected to account for around 2% of the global CFRP market, and the UAV industry is projected to account for anywhere between 0% to 6% of the global CFRP market. The term 'industrial' needs to be defined, as its definition varies from one source to another. It could cover some industries mentioned above.

Data specific to the United States CFRP market or the United States carbon fiber market could not be located in the public domain.

CFRP Market Segmentation By End-Use Industry

  • QY Research, Market Research Engine, Lux Research, Straits Research, Research And Markets, Mordor Intelligence, and Markets And Markets have recently published reports on the CFRP market. These reports provide the breakdown of the market by application, but unfortunately, these reports are paywalled and the scope of these reports is global and not specific to the United States.
  • The descriptions of these reports do not readily provide the desired figures, and they only indicate the following information:
  • QY Research segments the global CFRP market into the following end-use industries: automotive, aerospace, energy, construction, marine, and others.
  • Market Research Engine segments the global CFRP market into the following end-use industries: aerospace and defense, wind turbines, automotive, sports equipment, building and construction, molding compounds, and others.
  • Lux Research provides the following chart, which may be used to estimate the global market share of each of the following end-use industries: aerospace, automotive, wind — onshore, wind — offshore, oil and gas, pressure vessels, medical, sporting goods, and other.
  • The exact percentages are not provided, but the proportions or measurements provided in the chart above suggest that the projected breakdown of the global CFRP market this year is more or less as follows:
    • Aerospace: 42%
    • Automotive: 12%
    • Wind — Onshore: 12%
    • Wind — Offshore: 17%
    • Oil and Gas: 1%
    • Pressure Vessels: 3%
    • Medical: 2%
    • Sporting Goods: 5%
    • Other: 6%
  • Straits Research provides the following pie chart, which may be used to estimate the global market share of the following end-use industries: aerospace, automotive, sports equipment, wind power industry, building and construction industry, and others.

  • The exact percentages are not provided, but the proportions or measurements provided in the pie chart above suggest that the breakdown of the global CFRP market in 2019 was more or less as follows:
    • Aerospace: 30%
    • Automotive: 20%
    • Sports Equipment: 15%
    • Wind Power Industry: 14%
    • Building and Construction Industry: 10%
    • Others: 11%
  • Research And Markets segments the global CFRP market into the following end-use industries: aerospace and defense, automotive, wind energy, civil engineering, sporting goods, electrical and electronics, marine applications, and others.
  • Mordor Intelligence segments the global CFRP market into the following end-use industries: aerospace, automotive, sports and leisure, building and construction, wind power industry, and other end-user industries.
  • Markets And Markets segments the global CFRP market into the following end-use industries: aerospace and defense, wind energy, automotive, sporting goods, civil engineering, pipe and tank, marine, electrical and electronics, medical, and others.
  • The investor presentations, annual reports, and other disclosures of leading CFRP market players Toray Industries, Inc., Hexcel Corporation, and SGL Carbon SE do not provide the breakdown of the CFRP market by end-use industry.
  • Hexcel's industrial segment covers the following end-use industries: wind energy, automotive, recreation, infrastructure, and marine.

Carbon Fiber Market Segmentation By Application

  • Lucintel, Fortune Business Insights, and Research And Markets have recently published reports on the carbon fiber market. These reports provide the breakdown of the market by application, but unfortunately, these reports are paywalled and the scope of these reports is global and not specific to the United States.
  • The descriptions of these reports do not readily provide the desired figures, and they only indicate the following information:
  • Lucintel segments the global carbon fiber market into the following end-use industries: aerospace, industrial, and sporting goods.
  • It then segments the industrial category further into the following end-use industries: wind energy, marine, transportation/automotive, civil/construction, electrical and electronics, and others.
  • Fortune Business Insights segments the global carbon fiber market into the following end-use industries: aerospace and defense, sports and lesiure, automotive, wind energy, marine, and others.
  • Research And Markets segments the global carbon fiber market into the following end-use industries: aerospace and defense, wind energy, automotive, sporting goods, pipe and tank, civil engineering, electrical and electronics, marine, and other end-use industries.
  • ReportLinker segments the global carbon fiber market into the following end-use industries: aerospace, industrial, and sporting goods.
  • It then segments the industrial category further into the following end-use industries: marine, wind energy, transportation/automotive, civil/construction, electrical and electronics, and others.

Research Strategy

Several strategies were used in finding the breakdown of the United States CFRP market by application or end-use industry. First, reports published by market research firms on the CFRP market and the carbon fiber market were examined. Second, the disclosures of leading CFRP market players were reviewed, since these players may have shared information about the market they operate in. Annual reports and investor presentations were among the disclosures that were examined. Third, articles and reports published by trade associations such as the American Composites Manufacturers Association and the Federation of Reinforced Plastics and trade publications such as Materials Today and Composite Manufacturing Magazine were examined. An examination of sources specific to the UAV, medical, and industrial segments of the CFRP and carbon fiber market was also attempted.

Unfortunately, data that is specific to the United States CFRP market could not be located in the public domain. Only insights specific to the global CFRP market and the global carbon fiber market were found.
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