Market Study Composites (CFRP & GFRP)

Introduction



Combating climate change by expansion of wind power, revolutionization of the automotive market by introduction of electric mobility or modernization of the aircraft fleet: all of these path-breaking projects are dependent on the use of modern materials. Lightweight yet high-performing composites allow for the reduction of weight of components - and thus for saving energy.
The present study examines the global market for carbon fiber reinforced plastics (CFRP) and glass fiber reinforced plastics (GFRP). Especially the excellent weight / carrying capacity ratio makes CFRP attractive for many applications. The analysts of Ceresana expect the global market for CFRP and GFRP to increase to a volume of over 9.98 million tonnes by 2024. The study also analyzes the individual markets for both materials in detail and offers separate data for CFRP and GFRP.

More Wind Power Due to CFRP in Rotor Blades
After the climate conference of Paris in December 2015, the follow-up conference in Marrakech in November 2016 did not come up with essential news: The climate targets of Paris were affirmed and unity was demonstrated. Without a reduction of the CO2 emission during energy supply, an effective climate protection can hardly be reached according to the summit. Wind energy continues to be one of the most important instruments in the change towards non-fossil energy sources. More and more countries - and not only developed industrial nations of the western hemisphere - invest massively in the expansion of wind energy. If the location is well-suited, increasingly larger and more powerful wind turbines with increasingly larger rotor blades are installed. The enlargement of the length of the rotor blades is made possible by the increased application of CFRP. However, cost is rising disproportionately with the use of CFRP for rotor blades which sets limits for the growth potential of wind turbines from a financial point of view. In any case, the number of installed wind turbines is increasing further in most countries. The market for GFRP benefits from this development as well since they are also applied in the production of rotor blades.

Lightweight Construction Spurs on Airplane Manufacturers
Composite materials are used both in civil as well as in military aerospace industries. Yet, the majority is currently accounted for by civil aerospace. Global aviation and thus the demand for new civil airplanes will presumably continue to increase considerably in the upcoming years. Especially the regions Asia-Pacific, Latin America, Africa, and the Middle East register the highest growth rates.
In regard to the demand for composites in the segment aerospace, the two globally largest aircraft manufacturers Boeing and Airbus play a major role. The new models of Airbus and Boeing have a significantly higher share of composites than older models. Especially the models Boeing 777, Boeing 787 (Dreamliner), Airbus A380, and Airbus A350 have a large impact on the market. CFRP are mainly utilized in fuselage and wings.
Accordingly, the majority of the global demand in this segment is accounted for by the large West European countries (Airbus) and the USA (Boeing). Additional important airplane manufacturers like Bombardier (Canada) or Embraer (Brazil) ensure an increasing demand at the corresponding production sites. The Chinese manufacturer COMAC (Commercial Aircraft Corporation of China) has announced the maiden flight of its C919 for the first quarter of 2017. With a delay of several years, the production of the over 550 pre-orders can thus be started in the foreseeable future. At first, about 35 planes of the C919 type can be produced every year. This number is to be increased to over 100 units per year in the upcoming years.

Heavy Batteries Need Light Car Bodies
Lightweight construction will play a major role in the context of e-mobility in the automotive sector in the upcoming years: Heavy materials such as steel, other metals or engineering plastics are increasingly replaced by composites with low weight. In the segment of series production of cars, GFRP are preliminarily used. CFRP parts are still too expensive in most cases, at the same time, a suitable processing technology is still missing which would be up to the high standardization and production speed in the manufacture of cars. Furthermore, many segments lack suitable testing processes for series production which do not damage the products (Non Destructive Testing (NDT) processes).
A promising processing technology in the automotive industry is Resin Transfer Molding (RTM), a resin injection process. In this process, preforms made of continuous fibers are prefabricated; afterwards, the resin is injected into them in a press form. After curing, the finished component is ready for processing. With this process, shortened cycle times of only a few minutes can be reached already today.

The Study in Brief:
Chapter 1 provides an analysis of the global market for composites, including forecasts up to 2024. Data on demand and revenues are analyzed for the six regions Western Europe, Eastern Europe, North America, South America, Asia-Pacific, and the Middle East and Africa.
Chapter 2 provides market data for the 16 most important countries, that is, country-specific information on demand for CRP and GRP (in tonnes) and revenues generated with CFRP and GFRP (in billion USD and billion EUR). Additionally, demand is split by several application areas in detail.
Chapter 3 demonstrates the regional distribution of the demand in the particular application areas. Market development in the segments wind energy, automotive, sports & leisure, aerospace, construction industry, electrical & electronics, and the category other applications. Market data is given in tonnes.
Chapter 4 takes a look at the demand for the particular products, i.e. CFRP and GFRP. On a national level, revenues generated with CFRP and GFRP are also shown.
Chapter 5 provides profiles of the largest manufacturers in the composite sector – clearly arranged according to contact details, turnover, profit, product range, production sites, and profile summary. Extensive profiles of 72 manufacturers are given, e.g. Compagnie de Saint-Gobain S.A., Formosa Plastics Group, General Electric Company, Hanwha Group, Honeywell International Inc, Owens Corning, PPG Industries Inc., Saudi Basic Industries Corp. (SABIC), Toray Industries Inc., and Teijin Ltd.

Table of Contents (abbreviated)

1 Market Data
1.1 World
1.1.1 Demand
1.1.2 Revenues
1.2 Western Europe
...
1.3 Eastern Europe
...
1.4 North America
...
1.5 South America
...
1.6 Asia-Pacific
...
1.7 Middle East & Africa
...

2 Country Profiles
2.1 Western Europe
2.1.1 France
2.1.1.1 Demand
2.1.1.2 Revenues
2.1.2 Germany
...
2.1.3 Italy
...
2.1.4 Spain
...
2.1.5 United Kingdom
...
2.1.6 Other Western Europe
...
2.2 Eastern Europe
2.2.1 Poland
...
2.2.2 Russia
...
2.2.3 Turkey
...
2.2.4 Other Eastern Europe
...
2.3 North America
2.3.1 Canada
...
2.3.2 Mexico
...
2.3.3 USA
...
2.4 South America
2.4.1 Brazil
...
2.4.2 Other South America
...
2.5 Asia-Pacific
2.5.1 China
...
2.5.2 India
...
2.5.3 Japan
...
2.5.4 South Korea
...
2.5.5 Other Asia-Pacific
...

3 Applications
3.1 World
3.1.1 Wind Energy
3.1.2 Automotive
3.1.3 Sports & Leisure
3.1.4 Aerospace
3.1.5 Construction Industry
3.1.6 Electrical & Electronics
3.1.7 Other Applications
3.2 Western Europe
...
3.3 Eastern Europe
...
3.4 North America
...
3.5 South America
...
3.6 Asia-Pacific
...
3.7 Middle East & Africa

4 Products
4.1 Carbon fiber reinforced plastics (CFRP)
4.1.1 World
4.1.2 Western Europe
4.1.3 Eastern Europe
4.1.4 North America
4.1.5 South America
4.1.6 Asia-Pacific
4.1.7 Middle East & Africa
4.2 Glass fiber reinforced plastics (GFRP)
...

5 Company Profiles
5.1 Western Europe
Denmark (2 Producers)
France (1)
Germany (3)
Italy (1)
The Netherlands (1)
United Kingdom (6)
5.2 Eastern Europe
Russia (1)
Turkey (1)
5.3 North America
Canada (1)
USA (29)
5.4 Asia-Pacific
China (5)
India (9)
Japan (7)
South Korea (3)
Taiwan (1)
5.5 Middle East
Saudi Arabia (1)

List of Graphs

Graph 1: Simplified schematic of silicone production
Graph 2: Worldwide demand for silicones from 2005 to 2021
Graph 3: Worldwide demand for silicones from 2005 to 2021 - split by regions
Graph 4: Worldwide revenues generated with silicones from 2005 to 2021 in billion US$ and billion €
Graph 5: Euro-reference rate between 2005 and 2014: US$ per €
Graph 6: Worldwide revenues generated with silicones from 2005 to 2021 in billion US$ - split by regions
Graph 7: Worldwide revenues generated with silicones from 2005 to 2021 in billion € - split by regions
Graph 8: The most important product groups of silicone elastomers
Graph 9: Worldwide production of silicones from 2005 to 2021 - split by regions
Graph 10: Demand for silicones in Western Europe from 2005 to 2021
Graph 11: Revenues generated with silicones in Western Europe from 2005 to 2021 in billion US$ and billion €
Graph 12: Production of silicones in Western Europe from 2005 to 2021
Graph 13: Net export of silicones in Western Europe from 2005 to 2021
Graph 14: Demand for silicones in Eastern Europe from 2005 to 2021
Graph 15: Revenues generated with silicones in Eastern Europe from 2005 to 2021 in billion US$ and billion €
Graph 16: Production of silicones in Eastern Europe from 2005 to 2021
Graph 17: Net import of silicones in Eastern Europe from 2005 to 2021
Graph 18: Demand for silicones in North America from 2005 to 2021
Graph 19: Revenues generated with silicones in North America from 2005 to 2021 in billion US$ and billion €
Graph 20: Production of silicones in North America from 2005 to 2021
Graph 21: Net export of silicones in North America from 2005 to 2021
Graph 22: Demand for silicones in South America from 2005 to 2021
Graph 23: Revenues generated with silicones in South America from 2005 to 2021 in billion US$ and billion €
Graph 24: Production of silicones in South America from 2005 to 2021
Graph 25: Net import of silicones in South America from 2005 to 2021
Graph 26: Demand for silicones in Asia-Pacific from 2005 to 2021
Graph 27: Revenues generated with silicones in Asia-Pacific from 2005 to 2021 in billion US$ and billion €
Graph 28: Production of silicones in Asia-Pacific from 2005 to 2021
Graph 29: Net import of silicones in Asia-Pacific from 2005 to 2021
Graph 30: Demand for silicones in the Middle East/ Africa from 2005 to 2021
Graph 31: Revenues generated with silicones in the Middle East/ Africa from 2005 to 2021 in billion US$ und billion €
Graph 32: Net import of silicones in the Middle East/ Africa from 2005 to 2021
Graph 33: Demand for silicones in France from 2005 to 2021
Graph 34: Revenues generated with silicones in France from 2005 to 2021 in million US$ and million €
Graph 35: Demand for silicones in Germany from 2005 to 2021
Graph 36: Revenues generated with silicones in Germany from 2005 to 2021 in million US$ and million €
Graph 37: Demand for silicones in Italy from 2005 to 2021
Graph 38: Revenues generated with silicones in Italy from 2005 to 2021 in million US$ and million €
Graph 39: Demand for silicones in Spain from 2005 to 2021
Graph 40: Revenues generated with silicones in Spain from 2005 to 2021 in million US$ and million €
Graph 41: Demand for silicone in the United Kingdom from 2005 to 2021
Graph 42: Revenues generated with silicones in the United Kingdom from 2005 to 2021 in million US$ and million €
Graph 43: Demand for silicones in the rest of Western Europe from 2005 to 2021
Graph 44: Revenues generated with silicones in the rest of Western Europe from 2005 to 2021 in million US$ and million €
Graph 45: Demand for silicones in Russia from 2005 to 2021
Graph 46: Revenues generated with silicones in Russia from 2005 to 2021 in million US$ and million €
Graph 47: Demand for silicones in Turkey from 2005 to 2021
Graph 48: Revenues generated with silicones in Turkey from 2005 to 2021 in million US$ and million €
Graph 49: Demand for silicones in the rest of Eastern Europe from 2005 to 2021
Graph 50: Revenues generated with silicones in the rest of Eastern Europe from 2005 to 2021 in US$ million and € million
Graph 51: Demand for silicones in Canada/ Mexico from 2005 to 2021
Graph 52: Revenues generated with silicones in Canada/ Mexico from 2005 to 2021 in million US$ and million €
Graph 53: Demand for silicones in the USA from 2005 to 2021
Graph 54: Revenues generated with silicones in the USA from 2005 to 2021 in million US$ and million €
Graph 55: Demand for silicones in Brazil from 2005 to 2021
Graph 56: Revenues generated with silicones in Brazil from 2005 to 2021 in million US$ and million €
Graph 57: Demand for silicones in the rest of South America from 2005 to 2021
Graph 58: Revenues generated with silicones in the rest of South America from 2005 to 2021 in million US$ and million €
Graph 59: Demand for silicones in China from 2005 to 2021
Graph 60: Revenues generated with silicones in China from 2005 to 2021 in million US$ and million €
Graph 61: Demand for silicones in India from 2005 to 2021
Graph 62: Revenues generated with silicones in India from 2005 to 2021 in million US$ and million €
Graph 63: Demand for silicones in Japan from 2005 to 2021
Graph 64: Revenues generated with silicones in Japan from 2005 to 2021 in million US$ and million €
Graph 65: Demand for silicones in South Korea from 2005 to 2021
Graph 66: Revenues generated with silicones in South Korea from 2005 to 2021 in million US$ and million €
Graph 67: Demand for silicones in the rest of Asia-Pacific from 2005 to 2021
Graph 68: Revenues generated with silicones in rest of Asia-Pacific from 2005 to 2021 in million US$ and million €
Graph 69: Worldwide revenues generated with silicones from 2005 to 2021 - split by applications
Graph 70: Worldwide revenues generated with silicones in Construction from 2005 to 2021 - split by regions
Graph 71: Worldwide revenues generated with silicones in Electrical and Electronics from 2005 to 2021 - split by regions
Graph 72: Worldwide revenues generated with silicones in Automotive from 2005 to 2021 - split by regions
Graph 73: Worldwide revenues generated with silicones in Health Care and Cosmetics from 2005 to 2021 - split by regions
Graph 74: Worldwide revenues generated with silicones in other applications from 2005 to 2021 - split by regions
Graph 75: Revenues generated with silicones in Western Europe from 2005 to 2021 - split by applications
Graph 76: Revenues generated with silicones in Eastern Europe from 2005 to 2021 - split by applications
Graph 77: Revenues generated with silicones in North America from 2005 to 2021 - split by applications
Graph 78: Revenues generated with silicones in South America from 2005 to 2021 - split by applications
Graph 79: Revenues generated with silicones in the Asia-Pacific from 2005 to 2021 - split by applications
Graph 80: Revenues generated with silicones in the Middle East/ Africa from 2005 to 2021 - split by applications

List of Tables

Table 1: Worldwide demand for silicones from 2005 to 2021 - split by regions
Table 2: Worldwide revenues generated with silicones from 2005 to 2021 in billion US$ - split by regions
Table 3: Worldwide revenues generated with silicones from 2005 to 2021 in billion € - split by regions
Table 4: Worldwide revenues generated with silicones from 2005 to 2021 - split by products
Table 5: Worldwide production of silicones from 2005 to 2021 - split by regions
Table 6: Demand for silicones in Western Europe from 2005 to 2021 - split by major countries
Table 7: Revenues generated with silicones in Western Europe from 2005 to 2021 - split by products
Table 8: Major manufacturers of silicones headquartered in Western Europe and their product base
Table 9: Demand for silicones in Eastern Europe from 2005 to 2021 - split by major countries
Table 10: Revenues generated with silicones in Eastern Europe from 2005 to 2021 - split by products
Table 11: Demand for silicones in North America from 2005 to 2021 - split by major countries
Table 12: Revenues generated with silicones in North America from 2005 to 2021 - split by products
Table 13: Major manufacturers of silicones headquartered in North America and their product base
Table 14: Demand for silicones in South America from 2005 to 2021 - split by major countries
Table 15: Revenues generated with silicones in South America from 2005 to 2021 - split by products
Table 16: Demand for silicones in Asia-Pacific from 2005 to 2021 - split by major countries
Table 17: Revenues generated with silicones in Asia-Pacific from 2005 to 2021 - split by products
Table 18: Major manufacturers of silicones headquartered in Asia-Pacific and their product base
Table 19: Revenues generated with silicones in the Middle East/ Africa from 2005 to 2021 - split by products
Table 20: Revenues generated with silicones in France from 2005 to 2021 - split by applications
Table 21: Revenues generated with silicones in Germany from 2021 to 2021 in million US$ - split by applications
Table 22: Revenues generated with silicones in Italy from 2005 to 2021 - split by applications
Table 23: Revenues generated with silicones in Spain from 2005 to 2021 - split by applications
Table 24: Revenues generated with silicones in the United Kingdom from 2005 to 2021 - split by applications
Table 25: Revenues generated with silicones in the rest of Western Europe from 2005 to 2021 - split by applications
Table 26: Revenues generated with silicones in Russia from 2005 to 2021 - split by applications
Table 27: Revenues generated with silicones in Turkey from 2005 to 2021 - split by applications
Table 28: Revenues generated with silicones in the rest of Eastern Europe from 2005 to 2021 - split by applications
Table 29: Revenues generated with silicones in Canada/ Mexico from 2005 to 2021 - split by applications
Table 30: Revenues generated with silicones in the USA from 2005 to 2021 - split by applications
Table 31: Revenues generated with silicones in Brazil from 2005 to 2021 - split by applications
Table 32: Revenues generated with silicones in the rest of South America from 2005 to 2021 - split by applications
Table 33: Revenues generated with silicones in China from 2005 to 2021 - split by applications
Table 34: Revenues generated with silicones in India from 2005 to 2021 - split by applications
Table 35: Revenues generated with silicones in Japan from 2005 to 2021 - split by applications
Table 36: Revenues generated with silicones in South Korea from 2005 to 2021 - split by applications
Table 37: Revenues generated with silicones in the rest of Asia-Pacific from 2005 to 2021 - split by applications
Table 38: Worldwide demand for silicones from 2005 to 2021 - split by applications
Table 39: Worldwide demand for silicones in Construction from 2005 to 2021 - split by regions
Table 40: Worldwide demand for silicones in Electrical and Electronics from 2005 to 2021 - split by regions
Table 41: Worldwide demand for silicones in Automotive from 2005 to 2021 - split by regions
Table 42: Worldwide demand for silicones in Health Care and Cosmetics from 2005 to 2021 - split by regions
Table 43: Worldwide demand for silicones in other applications from 2005 to 2021 - split by regions
Table 44: Demand for silicones in Western Europe from 2005 to 2021 - split by applications
Table 45: Revenues generated with silicones in Construction in Western Europe from 2005 to 2021 - split by major countries
Table 46: Revenues generated with silicones in Electrical and Electronics in Western Europe from 2005 to 2021 - split by major countries
Table 47: Revenues generated with silicones in Automotive in Western Europe from 2005 to 2021 - split by major countries
Table 48: Revenues generated with silicones in Health Care and Cosmetics in Western Europe from 2005 to 2021 - split by major countries
Table 49: Revenues generated with silicones in other applications in Western Europe from 2005 to 2021 - split by major countries
Table 50: Demand for silicones in Eastern Europe from 2005 to 2021 - split by applications
Table 51: Revenues generated with silicones in Construction in Eastern Europe from 2005 to 2021 - split by major countries
Table 52: Revenues generated with silicones in Electrical and Electronics in Eastern Europe from 2005 to 2021 - split by major countries
Table 53: Revenues generated with silicones in Automotive in Eastern Europe from 2005 to 2021 - split by major countries
Table 54: Revenues generated with silicones in Health Care and Cosmetics in Eastern Europe from 2005 to 2021 - split by major countries
Table 55: Revenues generated with silicones in other applications in Eastern Europe from 2005 to 2021 - split by major countries
Table 56: Demand for silicones in North America from 2005 to 2021 - split by applications
Table 57: Revenues generated with silicones in Construction in North America from 2005 to 2021 - split by major countries
Table 58: Revenues generated with silicones in Electrical and Electronics in North America from 2005 to 2021 - split by major countries
Table 59: Revenues generated with silicones in Automotive in North America from 2005 to 2021 - split by major countries
Table 60: Revenues generated with silicones in Health Care and Cosmetics in North America from 2005 to 2021 - split by major countries
Table 61: Revenues generated with silicones in other applications in North America from 2005 to 2021 - split by major countries
Table 62: Demand for silicones in South America from 2005 to 2021 - split by applications
Table 63: Revenues generated with silicones in Construction in South America from 2005 to 2021 - split by major countries
Table 64: Revenues generated with silicones in Electrical and Electronics in South America from 2005 to 2021 - split by major countries
Table 65: Revenues generated with silicones in Automotive in South America from 2005 to 2021 - split by major countries
Table 66: Revenues generated with silicones in Health Care and Cosmetics in South America from 2005 to 2021 - split by major countries
Table 67: Revenues generated with silicones in other applications in South America from 2005 to 2021 - split by major countries
Table 68: Demand for silicones in Asia-Pacific from 2005 to 2021 - split by applications
Table 69: Revenues generated with silicones in Construction in Asia-Pacific from 2005 to 2021 - split by major countries
Table 70: Revenues generated with silicones in Electrical and Electronics in Asia-Pacific from 2005 to 2021 - split by major countries
Table 71: Revenues generated with silicones in Automotive in Asia-Pacific from 2005 to 2021 - split by major countries
Table 72: Revenues generated with silicones in Health Care and Cosmetics in Asia-Pacific from 2005 to 2021 - split by major countries
Table 73: Revenues generated with silicones in other applications in Asia-Pacific from 2005 to 2021 - split by major countries
Table 74: Demand for silicones in the Middle East/ Africa from 2005 to 2021 - split by applications