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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.

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

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Page 1: Carbon Fibre Reinforced Plastics (CFRP) Composites Market 2014-2024

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

Future Potential for Top Companies in Aerospace, Automotive, Energy, Construction & Sporting Equipment

©noticeThis 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.

Page 2: Carbon Fibre Reinforced Plastics (CFRP) Composites Market 2014-2024

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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

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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

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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

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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

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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

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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)

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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)

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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

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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 %)

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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 %)

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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

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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

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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

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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)

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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)

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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

(%)

Mar

ket V

alue

$bn

Year Wind Power Oil & Gas Fuel Cells High Pressure Vessels AGR (%)

Source: Visiongain 2014

Source: Visiongain 2014

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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

(%)

Mar

ket V

alue

$bn

Year Market Value ($bn) AGR (%)

Source: Visiongain 2014

Source: Visiongain 2014

Source: Visiongain 2014

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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.

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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: [email protected] Website https://www.cytec.com/

Source: Visiongain 2014