Carbon Fiber Tapes

Carbon Fiber Tapes Market Outlook

The global carbon fiber tapes market is estimated to reach USD 3.45 billion by 2035, with a notable compound annual growth rate (CAGR) of 9.2% during the forecast period from 2025 to 2035. This growth is attributed to the rising demand for lightweight and high-strength materials across various industries, including aerospace, automotive, and sports. The increasing adoption of carbon fiber tapes in the manufacturing of composite materials, coupled with advancements in production technologies, is expected to further bolster market expansion. Additionally, the growing emphasis on fuel efficiency and sustainability in various sectors is driving the preference for carbon fiber tapes over traditional materials. As industries increasingly look for ways to enhance performance while reducing weight, the carbon fiber tapes market is poised for significant growth.

Growth Factor of the Market

One of the primary growth factors for the carbon fiber tapes market is the rapid development of the aerospace and automotive industries, where lightweight materials are crucial for enhancing fuel efficiency and overall performance. The push towards sustainability, along with increasing regulatory pressure to reduce emissions, has led manufacturers to seek innovative materials, such as carbon fiber tapes, that provide high strength-to-weight ratios. Another significant factor is the growing popularity of electric and hybrid vehicles, which require advanced materials to offset the added weight of batteries. In the sports and leisure sector, the demand for high-performance gear made from carbon fiber tapes is surging, as consumers increasingly value technology and performance in their equipment. Moreover, ongoing research and development activities are enhancing the characteristics and applications of carbon fiber tapes, expanding their use across various industries. The combination of these factors is driving market growth and attracting investments into carbon fiber tape manufacturing.

Key Highlights of the Market

• The carbon fiber tapes market is projected to grow at a CAGR of 9.2% from 2025 to 2035.
• Increasing demand for lightweight materials in the aerospace and automotive sectors is a major growth driver.
• Technological advancements are improving the production processes for carbon fiber tapes.
• Rising regulatory pressures for sustainability and emissions reduction are stimulating market growth.
• Innovative applications in sports equipment are expanding the market's reach and potential.

By Product Type

Uni-Directional Carbon Fiber Tapes:

Uni-directional carbon fiber tapes are characterized by their fibers aligned in a single direction, providing maximum strength along that axis. This type of tape is widely utilized in applications that require exceptional tensile strength and stiffness, such as in aerospace components and structural applications. The demand for uni-directional tapes has been increasing due to their lightweight properties, which help reduce overall weight in composite structures. As industries strive for enhanced performance and efficiency, the uni-directional carbon fiber tapes segment is witnessing significant growth, especially in high-performance applications where load-bearing capacity is critical.

Bi-Directional Carbon Fiber Tapes:

Bi-directional carbon fiber tapes feature fibers that are woven or aligned in two directions, offering a balanced distribution of strength and flexibility. This makes them particularly suitable for applications where multi-directional load-bearing capabilities are required, such as in automotive components and industrial applications. The versatility of bi-directional tapes allows for their use in a wide array of products, from structural reinforcements to consumer goods. The increasing need for innovative solutions in manufacturing processes is propelling the growth of bi-directional carbon fiber tapes in the market, as they provide the necessary properties to meet demanding application requirements.

Woven Carbon Fiber Tapes:

Woven carbon fiber tapes are made from woven carbon fibers, providing a fabric-like structure that enhances the versatility of applications. This type of tape is particularly sought after in industries such as marine and automotive, where flexibility and strength are paramount. Woven carbon fiber tapes allow for a higher degree of design freedom and can be used in complex geometries, making them ideal for custom applications. The increasing trend towards lightweight composites in various sectors is driving the demand for woven carbon fiber tapes, as they offer not only strength but also aesthetic appeal in finished products.

Braided Carbon Fiber Tapes:

Braided carbon fiber tapes are engineered using a unique process that intertwines fibers to create a strong and flexible tape. These tapes are increasingly used in applications where a combination of strength, flexibility, and durability is necessary, such as in sporting equipment and industrial components. The braided structure allows for enhanced impact resistance and energy absorption, making them ideal for high-stress environments. The growing focus on functional performance in consumer goods and medical devices is driving the demand for braided carbon fiber tapes, as they provide superior performance characteristics compared to traditional materials.

Others:

This category includes various specialty carbon fiber tapes that are designed for specific applications or environments. These products may exhibit unique properties such as enhanced thermal resistance or tailored mechanical characteristics. The demand for such specialized carbon fiber tapes is expected to grow as industries increasingly seek customized solutions to meet their unique needs. As research and development continue to advance, the "Others" category within the product type segment of the carbon fiber tapes market is likely to expand, offering innovative products that cater to niche applications.

By Application

Aerospace:

The aerospace sector is one of the largest consumers of carbon fiber tapes, driven by the industry's need for lightweight materials that do not compromise on strength. Carbon fiber tapes are extensively used in aircraft structures, including fuselage, wings, and other essential components. The increasing focus on improving fuel efficiency and reducing emissions in aviation is propelling the demand for carbon fiber tapes, as they help manufacturers achieve these objectives while maintaining safety and reliability. Moreover, the rising number of air travelers and the subsequent growth in aircraft production are further fueling the demand for carbon fiber materials in this application.

Automotive:

The automotive industry is experiencing a paradigm shift towards lightweight components as manufacturers strive to enhance fuel efficiency and reduce carbon emissions. Carbon fiber tapes are increasingly being employed in the production of automotive parts, such as body panels and structural reinforcements. The demand for electric vehicles (EVs) is also contributing to the growth of carbon fiber tapes in automotive applications, as these vehicles require lighter materials to offset the weight of batteries. This evolving landscape of the automotive sector presents significant opportunities for the carbon fiber tapes market, driving innovation and investment as companies seek to incorporate advanced materials into their products.

Sports and Leisure:

In the sports and leisure sector, carbon fiber tapes are widely utilized in the manufacturing of high-performance equipment, such as bicycles, tennis rackets, and fishing rods. The lightweight and strong properties of carbon fiber enable athletes to enhance their performance while reducing the weight of their gear. The increasing interest in fitness and outdoor activities, along with the demand for high-end sports equipment, is driving the growth of carbon fiber tapes in this application. As consumers continue to seek performance-oriented products, the sports and leisure segment is expected to remain a key area of growth for the carbon fiber tapes market.

Marine:

The marine industry is also recognizing the benefits of carbon fiber tapes in applications such as boat hulls, masts, and other components that require high strength-to-weight ratios. Carbon fiber materials offer significant advantages over traditional materials like aluminum and fiberglass, providing improved durability and resistance to corrosion. As the demand for high-performance boats and marine vessels increases, the usage of carbon fiber tapes is expected to rise, offering manufacturers innovative solutions to enhance their products. The marine application segment is set to expand as more companies embrace the advantages of carbon fiber in their designs.

Others:

This category encompasses various applications where carbon fiber tapes are utilized, including industrial and consumer goods. As industries continue to innovate and develop new products, the versatility of carbon fiber tapes allows them to be integrated into a broader range of applications. Additionally, the growing focus on sustainability and performance in manufacturing processes is likely to drive the demand for carbon fiber tapes across diverse sectors. The "Others" application segment is crucial for the overall growth of the market, as it demonstrates the adaptability and relevance of carbon fiber tapes in modern manufacturing.

By Distribution Channel

Online Stores:

Online stores have become a dominant distribution channel for carbon fiber tapes, providing convenience and accessibility for consumers and businesses alike. The growth of e-commerce has enabled manufacturers and distributors to reach a wider audience, offering a variety of products at competitive prices. Additionally, online platforms often provide detailed product information and customer reviews, facilitating informed purchasing decisions. The increasing preference for online shopping, particularly following the COVID-19 pandemic, has significantly boosted the sales of carbon fiber tapes through this channel, making it a crucial component of the market's distribution landscape.

Specialty Stores:

Specialty stores, focusing on specific industries such as aerospace, automotive, and sports, serve as essential distribution channels for carbon fiber tapes. These stores typically offer a curated selection of high-quality products tailored to meet the unique needs of their customer base. The expertise of staff in specialty stores can provide valuable insights and recommendations, enhancing the customer experience. As industries become more specialized, the role of specialty stores in the distribution of carbon fiber tapes is likely to grow, catering to the increasing demand for quality products that meet specific application requirements.

Automotive Retailers:

Automotive retailers play a significant role in the distribution of carbon fiber tapes, particularly as the automotive industry increasingly adopts advanced materials for vehicle production. These retailers often stock a wide range of automotive components and materials, including carbon fiber tapes that are used in custom modifications and repairs. The growing trend of performance tuning and customization in vehicles is driving the demand for carbon fiber tapes through automotive retailers, as consumers seek to enhance their vehicles with lightweight, high-performance materials. This segment is crucial for connecting manufacturers with end-users in the automotive market.

Industrial Suppliers:

Industrial suppliers are essential players in the distribution of carbon fiber tapes to various sectors, including aerospace, construction, and manufacturing. They typically provide bulk quantities of carbon fiber products to businesses that require them for industrial applications. As the demand for carbon fiber tapes continues to rise across multiple industries, industrial suppliers are expanding their offerings and improving logistics to meet the needs of their customers. The strong relationships between suppliers and manufacturers facilitate a reliable supply chain, ensuring that businesses have access to the materials they require for production.

Others:

This category includes various other distribution channels that are relevant to the carbon fiber tapes market, such as wholesale distributors and trade shows. These channels play a vital role in connecting manufacturers with end-users, providing opportunities for networking and exposure to new markets. As the industry evolves, new distribution methods may emerge, further expanding the reach of carbon fiber tapes to diverse sectors. The "Others" distribution channel segment highlights the importance of adaptability in distribution strategies to cater to the changing landscape of the market.

By Material Type

PAN-Based Carbon Fiber Tapes:

PAN-based carbon fiber tapes are derived from polyacrylonitrile and are known for their exceptional strength and rigidity. These tapes are widely utilized in high-performance applications, particularly in aerospace and automotive sectors, where mechanical properties are critical. The increasing emphasis on lightweight structures in these industries has led to a surge in demand for PAN-based carbon fiber tapes. Furthermore, advancements in manufacturing processes are enhancing the production efficiency and performance characteristics of PAN-based tapes, solidifying their position as a preferred choice for demanding applications.

Pitch-Based Carbon Fiber Tapes:

Pitch-based carbon fiber tapes are produced from petroleum pitch, offering unique properties such as high thermal stability and electrical conductivity. These tapes are often used in applications where thermal performance is essential, such as in electrical insulation and aerospace components. The demand for pitch-based carbon fiber tapes is growing in sectors that require materials with specialized properties, aligning with the increasing trend towards high-performance materials in various industries. As research continues to unlock new applications for pitch-based fibers, this segment is expected to witness significant growth.

Rayon-Based Carbon Fiber Tapes:

Rayon-based carbon fiber tapes are derived from regenerated cellulose fibers and are recognized for their cost-effectiveness and ease of processing. While they may not offer the same level of performance as PAN or pitch-based tapes, rayon-based carbon fiber tapes find applications in lower-stress environments, such as consumer goods and non-critical structural applications. The affordability of rayon-based tapes makes them an attractive choice for manufacturers seeking to reduce costs while still benefiting from the advantages of carbon fiber materials. This segment is likely to maintain steady demand as industries continue to explore cost-effective solutions.

Others:

The "Others" category encompasses various carbon fiber tape materials that do not fit neatly into the aforementioned classifications. These may include hybrid tapes or specialty fibers designed for niche applications, catering to specific industry needs. As research and development progress, new material types may emerge, further broadening the scope of carbon fiber tapes available in the market. The adaptability of carbon fiber technology allows for customized solutions that meet evolving industry demands, contributing to the overall growth and innovation within this segment.

By Region

The North American region holds a significant share of the carbon fiber tapes market, accounting for approximately 35% of the total market share in 2025. This dominance can be attributed to the presence of several key players in the aerospace and automotive industries, as well as a strong focus on technological advancements and research activities. The region is expected to grow at a CAGR of 8.5% during the forecast period, driven by the increasing demand for lightweight materials and the ongoing transition towards electric vehicles. As manufacturers in North America continue to innovate and develop new applications for carbon fiber tapes, the region's market is poised for sustained growth.

In Europe, the carbon fiber tapes market is also witnessing significant growth, holding a market share of approximately 30% in 2025. The European market is characterized by a strong emphasis on sustainability and fuel efficiency across various industries, particularly in aerospace and automotive. The region's stringent regulations regarding emissions and energy efficiency are pushing manufacturers to adopt advanced materials, further propelling the demand for carbon fiber tapes. Additionally, countries such as Germany, France, and the UK are at the forefront of adopting innovative technologies, which is expected to drive the market's growth at a CAGR of 9.0% during the forecast period.

Opportunities

The carbon fiber tapes market presents numerous opportunities for growth, particularly as industries continue to seek lightweight and high-performance materials. One of the most significant opportunities lies in the ongoing advancements in manufacturing technologies, which are enabling the production of carbon fiber tapes with enhanced properties and lower costs. As companies invest in research and development, new applications for carbon fiber tapes are likely to emerge, expanding their use across various sectors. Additionally, the increasing focus on sustainability and eco-friendly materials presents an opportunity for carbon fiber tapes to replace traditional materials in numerous applications, further driving market growth.

Another notable opportunity arises from the rising demand for electric vehicles, which are necessitating the use of lightweight materials to improve efficiency and performance. As the automotive industry shifts towards electrification, carbon fiber tapes are becoming a crucial component in achieving desired weight reductions while maintaining structural integrity. Furthermore, the growing interest in advanced sports equipment and high-performance gear is driving innovation in the sports and leisure sector, where carbon fiber tapes are increasingly being integrated into product designs. As these trends continue to evolve, the carbon fiber tapes market is well-positioned to capitalize on the expanding scope of applications and opportunities in various industries.

Threats

Despite the promising growth trajectory of the carbon fiber tapes market, several threats could hinder its expansion. One of the primary threats is the high cost of carbon fiber materials, which can be a barrier for smaller manufacturers and businesses, particularly in cost-sensitive industries. The substantial investment required for raw materials and manufacturing processes can limit the widespread adoption of carbon fiber tapes across various applications. Furthermore, competition from alternative materials, such as aluminum and fiberglass, may pose challenges as these materials often present lower costs and established supply chains. The fluctuating prices of raw materials and geopolitical factors may also introduce uncertainty to the market, impacting production and pricing strategies.

Another significant threat comes from the potential for market saturation as more manufacturers enter the carbon fiber tapes space. As the market grows, new entrants may drive down prices, resulting in increased competition and margin pressures for existing players. Additionally, the risk of technological advancements in alternative materials may lead to the development of new composites that offer similar or superior performance characteristics at a lower cost. Companies operating in the carbon fiber tapes market must remain vigilant and continuously innovate to stay ahead of potential threats and maintain their competitive edge.

Competitor Outlook

• Toray Industries, Inc.
• Hexcel Corporation
• Solvay S.A.
• Teijin Limited
• Mitsubishi Chemical Corporation
• 3M Company
• SGL Carbon SE
• DowAksa
• Zoltek Companies, Inc.
• Cytec Industries Inc. (Solvay S.A.)
• W. L. Gore & Associates, Inc.
• Formosa Plastics Corporation
• Carbon Fiber Technologies, Inc.
• Shanghai Mida Composite Material Co., Ltd.
• Shanghai Tianyang Composite Co., Ltd.

The carbon fiber tapes market is characterized by a competitive landscape with several key players vying for market share. Companies are focusing on innovation and technological advancements to enhance the properties of their products while optimizing production processes to reduce costs. Strategic partnerships and collaborations are also common in the industry, allowing companies to leverage each other's expertise and resources to expand their product offerings and reach. Furthermore, many players are investing in research and development to explore new applications for carbon fiber tapes and address emerging market demands. This competitive dynamic is essential for driving growth and ensuring that the carbon fiber tapes market remains responsive to the needs of various industries.

Major companies such as Toray Industries, Inc. are at the forefront of the carbon fiber tapes market, offering a wide range of high-performance products tailored to meet the specific requirements of the aerospace and automotive sectors. Toray is known for its commitment to research and development, continually investing in innovative technologies to enhance the performance of its carbon fiber materials. Similarly, Hexcel Corporation is another leading player that specializes in advanced composites and carbon fiber products, serving various industries including aerospace, automotive, and industrial applications. The company's focus on sustainability and lightweight materials positions it favorably within the market.

Solvay S.A. is a key competitor in the carbon fiber tapes market, recognized for its diverse portfolio of advanced materials and chemicals. The company is actively involved in the development of innovative carbon fiber solutions that cater to various applications, particularly in the aerospace and automotive sectors. By focusing on collaboration and strategic alliances, Solvay aims to enhance its market position and drive growth in the carbon fiber tapes segment. Additionally, companies like Teijin Limited and Mitsubishi Chemical Corporation are making significant strides in the market by offering high-quality carbon fiber tapes while emphasizing sustainability and performance, further contributing to the competitive landscape of the industry.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 DowAksa
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 3M Company
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Solvay S.A.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 SGL Carbon SE
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Teijin Limited
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Hexcel Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Toray Industries, Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Zoltek Companies, Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Formosa Plastics Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 W. L. Gore & Associates, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Carbon Fiber Technologies, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Mitsubishi Chemical Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Cytec Industries Inc. (Solvay S.A.)
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Shanghai Tianyang Composite Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Shanghai Mida Composite Material Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Carbon Fiber Tapes Market, By Application
    • 6.1.1 Aerospace
    • 6.1.2 Automotive
    • 6.1.3 Sports and Leisure
    • 6.1.4 Marine
    • 6.1.5 Others
  • 6.2 Carbon Fiber Tapes Market, By Product Type
    • 6.2.1 Uni-Directional Carbon Fiber Tapes
    • 6.2.2 Bi-Directional Carbon Fiber Tapes
    • 6.2.3 Woven Carbon Fiber Tapes
    • 6.2.4 Braided Carbon Fiber Tapes
    • 6.2.5 Others
  • 6.3 Carbon Fiber Tapes Market, By Distribution Channel
    • 6.3.1 Online Stores
    • 6.3.2 Specialty Stores
    • 6.3.3 Automotive Retailers
    • 6.3.4 Industrial Suppliers
    • 6.3.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Carbon Fiber Tapes Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Carbon Fiber Tapes market is categorized based on

By Product Type

• Uni-Directional Carbon Fiber Tapes
• Bi-Directional Carbon Fiber Tapes
• Woven Carbon Fiber Tapes
• Braided Carbon Fiber Tapes
• Others

By Application

• Aerospace
• Automotive
• Sports and Leisure
• Marine
• Others

By Distribution Channel

• Online Stores
• Specialty Stores
• Automotive Retailers
• Industrial Suppliers
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Toray Industries, Inc.
• Hexcel Corporation
• Solvay S.A.
• Teijin Limited
• Mitsubishi Chemical Corporation
• 3M Company
• SGL Carbon SE
• DowAksa
• Zoltek Companies, Inc.
• Cytec Industries Inc. (Solvay S.A.)
• W. L. Gore & Associates, Inc.
• Formosa Plastics Corporation
• Carbon Fiber Technologies, Inc.
• Shanghai Mida Composite Material Co., Ltd.
• Shanghai Tianyang Composite Co., Ltd.