Report Scope:
This report on carbon fiber covers the market size and estimations of carbon fiber, that is, before being used as a composite material in combination with other materials. Therefore, the market scope does not involve carbon fiber-reinforced plastics (CRPF).
The analysis covers recycled carbon fiber as well as virgin carbon fiber. Based on structure, the market is segmented into small tow and large tow segments. The carbon fiber market is also categorized based on precursor materials and end-use industries.
The market size and estimations are provided in terms of volume (Tons) and revenue (USD million) considering 2019 as the base year; a market forecast will be given for the 2020 to 2025 period. The market size by region and country-level is also covered.
The Report Includes:
- 65 data tables and 15 additional tables
- An overview of the global market for carbon fiber
- Estimation of the market size and analyses of market trends, with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Market share analysis of the carbon fiber, based on raw material, fiber type, tow size, end-use, and region
- Identification of segments with high growth potential and analysis of future applications of each of the segments
- Explanation of the major drivers and regional dynamics of the market and evaluation of market size, market forecast, regulatory and reimbursement scenario, and a relevant patent analysis
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Comprehensive company profiles of the leading players of the industry, including Toray Industries Inc., Formosa M Co. Ltd., Hexcel Corp., Mitsubishi Chemical Carbon Fiber & Composites, Solvay S.A. and Hyosung Advanced Materials
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Introduction
- Market Dynamics
- Drivers
- Restraints
- Supply Chain Analysis
- Legal and Regulatory Factors
- Price-Fixing in the Carbon Fiber and Composites Industry
- Industry Factors
- Price Trends
- New Technologies and New Entrants to the Business
- Influence and Leverage in the Structural Carbon Industry
- Intellectual Property Analysis
- Technology Development Trends
Chapter 4 Global Carbon Fiber Market by Raw Material
- Overview
- PAN (Polyacrylonitrile)
- Pitch
- Rayon
Chapter 5 Global Carbon Fiber Market by Tow Size
- Overview
- Small Tow (<24K)
- Large Tow (>24K)
Chapter 6 Global Carbon Fiber Market by Fiber Type
- Overview
- Virgin Carbon Fiber
- Recycled Carbon Fiber
Chapter 7 Global Carbon Fiber Market by End Use
- Overview
- Aerospace and Defense
- Space Vehicles
- Defense Market
- Wind Turbines
- Automotive
- Trains and Locomotives
- Motor Vehicles
- Industrial
- Sports Equipment
- Golf Clubs
- Bicycles
- Recreational Boating
- Sport Fishing
- Others (Construction, Pressure Vessels)
- New Bridge Construction
Chapter 8 Global Carbon Fiber Market by Region
- Overview
- North America
- Market Size and Forecast
- Europe
- Market Size and Forecast
- Asia-Pacific
- Market Size and Forecast
- Latin America
- Market Size and Forecast
- Middle East and Africa
- Market Size and Forecast
Chapter 9 Global Carbon Fiber Market-Competitive Analysis
- Competitive Landscape
- Industry Structure
- Market Share Analysis/Ranking
- Competitive Strategies Used in the Carbon Fiber Industry
- New Business Development
- Competitive Pricing
- Vertical Integration
- Global Strategic Alliances
Chapter 10 Company Profiles
- Dowaksa
- Formosa M Co. Ltd.
- Hexcel Corp.
- Hyosung Advanced Materials
- Mitsubishi Chemical Carbon Fiber & Composites
- SGL Carbon
- Solvay Group
- Teijin Ltd.
- Toray Industries Inc.
List of Tables
Summary Table: Global Market for Carbon Fiber, Through 2025
Table 1: Global Market Volume of Carbon Fiber, by Raw Material, Through 2025
Table 2: Global Market for Carbon Fiber, by Raw Material, Through 2025
Table 3: Global Market Volume of Carbon Fiber, by Tow Size, Through 2025
Table 4: Global Market for Carbon Fiber, by Tow Size, Through 2025
Table 5: Global Market Volume of Carbon Fiber, by Fiber Type, Through 2025
Table 6: Global Market for Carbon Fiber, by Fiber Type, Through 2025
Table 7: Global Market Volume of Carbon Fiber, by End Use, Through 2025
Table 8: Global Market for Carbon Fiber, by End Use, Through 2025
Table 9: Global Market Volume of Carbon Fiber, by Region, Through 2025
Table 10: North American Market Volume of Carbon Fiber, by Country, Through 2025
Table 11: North American Market for Carbon Fiber, by Country, Through 2025
Table 12: North American Market Volume of Carbon Fiber, by Raw Material, Through 2025
Table 13: North American Market for Carbon Fiber, by Raw Material, Through 2025
Table 14: North American Market Volume of Carbon Fiber, by Tow Size, Through 2025
Table 15: North American Market for Carbon Fiber, by Tow Size, Through 2025
Table 16: North American Market Volume of Carbon Fiber, by Fiber Type, Through 2025
Table 17: North American Market for Carbon Fiber, by Fiber Type, Through 2025
Table 18: North American Market Volume of Carbon Fiber, by End Use, Through 2025
Table 19: North American Market for Carbon Fiber, by End Use, Through 2025
Table 20: European Market Volume of Carbon Fiber, by Country, Through 2025
Table 21: European Market for Carbon Fiber, by Country, Through 2025
Table 22: European Market Volume of Carbon Fiber, by Raw Material, Through 2025
Table 23: European Market for Carbon Fiber, by Raw Material, Through 2025
Table 24: European Market Volume of Carbon Fiber, by Tow Size, Through 2025
Table 25: European Market for Carbon Fiber, by Tow Size, Through 2025
Table 26: European Market Volume of Carbon Fiber, by Fiber Type, Through 2025
Table 27: European Market for Carbon Fiber, by Fiber Type, Through 2025
Table 28: European Market Volume of Carbon Fiber, by End Use, Through 2025
Table 29: European Market for Carbon Fiber, by End Use, Through 2025
Table 30: Asia-Pacific Market Volume of Carbon Fiber, by Country, Through 2025
Table 31: Asia-Pacific Market for Carbon Fiber, by Country, Through 2025
Table 32: Asia-Pacific Market Volume of Carbon Fiber, by Raw Material, Through 2025
Table 33: Asia-Pacific Market for Carbon Fiber, by Raw Material, Through 2025
Table 34: Asia-Pacific Market Volume of Carbon Fiber, by Tow Size, Through 2025
Table 35: Asia-Pacific Market for Carbon Fiber, by Tow Size, Through 2025
Table 36: Asia-Pacific Market Volume of Carbon Fiber, by Fiber Type, Through 2025
Table 37: Asia-Pacific Market for Carbon Fiber, by Fiber Type, Through 2025
Table 38: Asia-Pacific Market Volume of Carbon Fiber, by End Use, Through 2025
Table 39: Asia-Pacific Market for Carbon Fiber, by End Use, Through 2025
Table 40: Latin American Market Volume of Carbon Fiber, by Raw Material, Through 2025
Table 41: Latin American Market for Carbon Fiber, by Raw Material, Through 2025
Table 42: Latin American Market Volume of Carbon Fiber, by Tow Size, Through 2025
Table 43: Latin American Market for Carbon Fiber, by Tow Size, Through 2025
Table 44: Latin American Market Volume of Carbon Fiber, by Fiber Type, Through 2025
Table 45: Latin American Market for Carbon Fiber, by Fiber Type, Through 2025
Table 46: Latin American Market Volume of Carbon Fiber, by End Use, Through 2025
Table 47: Latin American Market for Carbon Fiber, by End Use, Through 2025
Table 48: Middle East and African Market Volumes of Carbon Fiber, by Raw Material, Through 2025
Table 49: Middle East and African Market for Carbon Fiber, by Raw Material, Through 2025
Table 50: Middle East and African Market Volume of Carbon Fiber, by Tow Size, Through 2025
Table 51: Middle East and African Market for Carbon Fiber, by Tow Size, Through 2025
Table 52: Middle East and African Market Volume of Carbon Fiber, by Fiber Type, Through 2025
Table 53: Middle East and African Market for Carbon Fiber, by Fiber Type, Through 2025
Table 54: Middle East and African Market Volume of Carbon Fiber, by End Use, Through 2025
Table 55: Middle East and African Market for Carbon Fiber, by End Use, Through 2025
Table 56: Global Market Share for Carbon Fibers, by Leading Suppliers, 2019
Table 57: DowAksa: Product Portfolio
Table 58: Formosa M Co. Ltd.: Product Portfolio
Table 59: Formosa M Co. Ltd.: Company Financials
Table 60: Hexcel Corp.: Product Portfolio
Table 61: Hexcel Corp.: Company Financials
Table 62: Hexcel Corp.: Recent Developments, 2017–2020
Table 63: Hyosung Advanced Materials: Company Financials
Table 64: Hyosung Advanced Materials: Recent Developments, 2019
Table 65: Mitsubishi Chemical Carbon Fiber & Composites: Product Portfolio
Table 66: Mitsubishi Chemical Carbon Fiber & Composites: Company Financials
Table 67: Mitsubishi Chemical Carbon Fiber & Composites: Recent Developments, 2019 and 2020
Table 68: SGL Carbon: Product Portfolio
Table 69: SGL Carbon: Company Financials
Table 70: SGL Carbon: Recent Developments, 2019
Table 71: Solvay Group: Product Portfolio
Table 72: Solvay Group: Company Financials
Table 73: Solvay Group: Recent Developments, 2018 and 2019
Table 74: Teijin Ltd.: Product Portfolio
Table 75: Teijin Ltd.: Company Financials
Table 76: Teijin Ltd.: Recent Developments, 2018 and 2019
Table 77: Toray Industries Inc.: Product Portfolio
Table 78: Toray Industries Inc.: Company Financials
Table 79: Toray Industries Inc.: Recent Developments, 2017–2019
List of Figures
Summary Figure: Global Market for Carbon Fiber, 2019-2025
Figure 1: Global Market for PAN-based Carbon Fiber, 2019-2025
Figure 2: Global Market for Pitch-based Carbon Fiber, 2019-2025
Figure 3: Global Market for Rayon-based Carbon Fiber, 2019-2025
Figure 4: Global Market for Small Tow (<24K) Carbon Fiber, 2019-2025
Figure 5: Global Market for Large Tow(>24K) Carbon Fiber, 2019-2025
Figure 6: Global Market for Virgin Carbon Fiber, 2019-2025
Figure 7: Global Market for Recycled Carbon Fiber, 2019-2025
Figure 8: Global Market for Carbon Fiber for Aerospace and Defense End Use, 2019-2025
Figure 9: Global Market for Carbon Fiber for Wind Turbine End Use, 2019-2025
Figure 10: Global Market for Carbon Fiber for Automotive Industry End Use, 2019-2025
Figure 11: Global Market for Carbon Fiber for Industrial End Use, 2019-2025
Figure 12: Global Market for Carbon Fiber for Sports Equipment End Use, 2019-2025
Figure 13: Global Market for Carbon Fiber for Other End Uses, 2019-2025
Figure 14: Global Market for Carbon Fiber, by Region, 2019-2025
Figure 15: North American Market for Carbon Fiber, 2019-2025
Figure 16: European Market for Carbon Fiber, 2019-2025
Figure 17: Asia-Pacific Market for Carbon Fiber, 2019-2025
Figure 18: Latin American Market for Carbon Fiber, 2019-2025
Figure 19: Middle East and African Market for Carbon Fiber, 2019-2025
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Executive Summary
Carbon fiber is one of the popular advanced carbon composite materials. Carbon fiber materials are characterized by superior properties such as high stiffness and tensile strength coupled with light weight. The strength profile of carbon fiber is much like that of steel and its weight is close to that of plastic. The strength-to-weight ratio and stiffness-to-weight ratio of carbon fiber is much higher as compared to steel and plastic. Therefore, carbon fiber is regarded as among the highest strength materials. Owing to these properties, carbon fiber is an excellent building material and thus is used across different industries.
Traditionally, carbon fiber was mainly used in the aerospace and defense industry as a composite material for different parts and components of aircraft. Components such as tie rods, ballistic shields, compression struts, cooling tubes, shuttle actuator mounts, and turbine fan blades are some of the examples of carbon fiber-based composites used in the aerospace industry. Usage of carbon fiber reduces structural weight and hence enables greater fuel efficiency. Due to these benefits, carbon fiber is also getting generously adopted in the automotive industry. Carbon fiber is used in automobiles to reduce weight, increase performance and help to achieve greater fuel efficiency. Demand from the automotive industry is projected to boost the carbon fiber market in the near future.
Until now, carbon fiber usage has been limited primarily to the aerospace and defense industry due to the high cost of carbon fiber material. However, with technological advancements in manufacturing, the price of regular tow (small tow) carbon fiber is declining. Also, the suitability of low-grade (large tow) carbon fiber for automotive applications is also driving the demand for large tow carbon fiber, thereby making carbon fiber gradually suitable for mass market applications.
Nearly all the carbon fiber is produced using PAN (polyacrylonitrile), pitch and rayon precursor materials. PAN is a predominant precursor due to its superior stability and strength along with higher carbon yield.
Another significant trend observed in the carbon fiber industry is the increasing traction for recycled carbon fiber. To manage the environmental pollution, recycled plastics companies are taking several initiatives for increasing recycled carbon fiber production.
Companies Mentioned
- Dowaksa
- Formosa M Co. Ltd.
- Hexcel Corp.
- Hyosung Advanced Materials
- Mitsubishi Chemical Carbon Fiber & Composites
- SGL Carbon
- Solvay Group
- Teijin Ltd.
- Toray Industries Inc.
