CARBON FIBER REINFORCED PLASTICS (CFRP) MARKET ANALYSIS

Market News

Key Developments

1. Major companies in the global market are adopting various business strategies such as new product and technology developments, in order to gain competitive edge in the market. For instance, in April 2018, Toray Industries, Inc. developed a new out-out-clave fabrication technology for carbon fiber reinforced plastics (CFRP), which enables energy savings and improved dimensional accuracy.
2. Key players in the marker are involved in various business strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, Teijin Limited, a Japanese information technology company, acquired Benet Automotive, a supplier of carbon fiber reinforced plastics. This acquisition will expand Teijin’s European automotive business.
3. Major market players are involved in various growth strategies such as collaboration and agreement, in order to enhance their market position. For instance, in March 2018, Hexcel Corporation, a U.S.-based industrial materials company, entered into agreement with Arkema S.A., a manufacturer of specialty chemicals, to develop thermoplastic composite solutions for the aerospace sector. The lightweight parts of future generation aircrafts will be manufactured from carbon-fiber reinforced thermoplastics.