Carbon Fiber Market Introduction
The global carbon fiber market has been witnessing significant growth over the past decade, driven by its unique properties and diverse applications across various industries. Carbon fiber offers high strength-to-weight ratio, excellent durability, and corrosion resistance, making it an ideal material for lightweight structures and advanced composites. This report provides a comprehensive analysis of the carbon fiber market, including market share insights, size estimations, and a detailed market analysis.Carbon Fiber Market Overview
The publisher finds that the future of the global carbon fiber market looks promising with opportunities in the aerospace, industrial, and sporting goods end uses. The global carbon fiber market is expected to reach an estimated $5 billion by 2030 with a CAGR of 6% from 2023 to 2030. The global carbon fiber market has experienced substantial growth, owing to factors such as increasing demand for lightweight and fuel-efficient vehicles, aerospace advancements, wind energy expansion, and growing applications in sports and leisure sectors. Carbon fiber is widely used in industries such as automotive, aerospace, wind energy, sports equipment, construction, and marine, among others. The major drivers for market growth are growing demand for high performance and lightweight composite materials and increasing performance requirements in the end uses.A total of 119 figures / charts and 113 tables are provided in this 306-page report to help in your business decisions.
Emerging Trends in the Carbon Fiber Market
The carbon fiber market's size has been expanding rapidly, driven by the increasing adoption of carbon fiber composites in various industries. The market size is influenced by factors such as growing investments in research and development activities, advancements in manufacturing processes, and increasing demand for lightweight materials. The market size is estimated to continue its upward trajectory as industries across the globe seek to improve performance, efficiency, and sustainability.Emerging trends, which have a direct impact on the dynamics of the carbon fiber industry, includes production of low cost carbon fiber, joint ventures of carbon fiber manufactures with OEMs and part fabricators, and growing initiatives for recycling of carbon fiber.
Carbon Fiber Market by Segment
The carbon fiber market report provides a comprehensive analysis of the market's current trends, growth drivers, challenges, and future prospects. It covers various segments, including carbon fiber types, manufacturing processes, applications, and end-user industries. The report offers insights into regional dynamics, highlighting the major markets for carbon fiber and their growth potentials. The study includes trends and forecast for the global carbon fiber market by end use, precursor type, tow size, modulus, and region as follows:By End Use [Value ($M) and Volume (M lbs) shipment analysis for 2018 - 2030]:
- Aerospace
- Commercial
- Regional Jets
- General Aviation
- Helicopter
- Defense
- Space
- Industrial
- Wind Energy
- Marine
- Transportation/Automotive
- Civil/Construction
- Electrical and Electronics (E&E)
- Others
- Sporting Goods
- Golf clubs
- Rackets
- Skis, snowboards and other winter sports equipment
- Fishing poles
- Others
By Precursor Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:
- PAN Based
- Pitch Based
By Tow Size [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:
- Small Tow (< =24k)
- Large Tow (>24k)
By Modulus [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:
- Standard Modulus
- Intermediate Modulus
- High Modulus
By Region [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Carbon Fiber Market Share
The carbon fiber market's size has been expanding rapidly, driven by the increasing adoption of carbon fiber composites in various industries. The market size is influenced by factors such as growing investments in research and development activities, advancements in manufacturing processes, and increasing demand for lightweight materials. The market size is estimated to continue its upward trajectory as industries across the globe seek to improve performance, efficiency, and sustainability.The market's growth is fueled by the rising demand for carbon fiber composites in automotive and aerospace industries, where reducing weight and improving fuel efficiency are paramount. The wind energy sector is also expected to contribute significantly to the market growth, as wind turbine manufacturers increasingly incorporate carbon fiber composites into their rotor blades.The market share dynamics within the carbon fiber market are evolving, with the entry of new players and the emergence of innovative carbon fiber technologies. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
Carbon Fiber Manufacturers
In terms of market share, the carbon fiber market is dominated by key players such as Toray Industries, Inc., Teijin Limited, Mitsubishi Chemical Holdings Corporation, SGL Carbon SE, and Hexcel Corporation.Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies carbon fiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the carbon fiber companies profiled in this report include.
- Toray Industries Inc.
- Hexcel Corporation
- Mitsubishi Chemical Corporation
- Solvay
- SGL Carbon Group
- Teijin Limited
- Formosa Plastics Corporation
- DowAksa
- Hyosung Corporation
- Nippon Graphite Fiber Corporation
- Kureha Corporation
Carbon Fiber Market Insight
- The publisher forecasts that industrial will remain the largest end use segment and aerospace is expected to witness highest growth over the forecast period.
- PAN based carbon fiber will remain the largest segment and pitch based is expected to witness the highest growth over the forecast period.
- APAC is expected to remain the largest market and it is also expected to witness the highest growth over the forecast period due to demand from the industries of aerospace, automotive, and wind energy.
Features of the Carbon Fiber Market
- Market Size Estimates: carbon fiber market size estimation in terms of value ($M) and volume (M lbs)
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Market size end use, precursor type, tow size, modulus, and region
- Regional Analysis: Carbon fiber market breakdown by North America, Europe, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different end use, precursor type, tow size, modulus and regions for the carbon fiber market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the carbon fiber market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Frequently Asked Questions (FAQ)
Q1. What is the carbon fiber market size?Answer: The global carbon fiber market is expected to reach an estimated $5 billion by 2030.
Q2. What is the growth forecast for carbon fiber market?
Answer: The carbon fiber market is expected to grow at a CAGR of 6% from 2023 to 2030.
Q3. What are the major drivers influencing the growth of the carbon fiber market?
Answer: The major drivers for market growth are growing demand for high performance and lightweight composite materials and increasing performance requirements in the end uses.
Q4. Who are the biggest consumers of carbon fiber?
Answer: Industrial and aerospace are the major end uses for carbon fiber.
Q5. What are the emerging trends in carbon fiber market?
Answer: Emerging trends, which have a direct impact on the dynamics of the carbon fiber industry, includes the production of low cost carbon fiber, joint ventures of carbon fiber manufactures with OEMs and part fabricators, and growing initiatives for recycling of carbon fiber.
Q6. Who are the key carbon fiber companies?
Answer: Some of the key carbon fiber companies are as follows:
- Toray Industries Inc.
- Hexcel Corporation
- Mitsubishi Chemical Corporation
- Solvay
- SGL Carbon Group
- Teijin Limited
- Formosa Plastics Corporation
- DowAksa
- Hyosung Corporation
- Nippon Graphite Fiber Corporation
- Kureha Corporation
Answer: The publisher forecasts that, PAN based carbon fiber will remain the largest segment and it is also expected to witness the highest growth due to its wide application area in transportation, aerospace/defense, and wind energy industries.
Q8. In carbon fiber market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% Customization Without any Additional Cost.
This report answers following key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global carbon fiber market by end use (aerospace, industrial, and sporting goods), precursor type (Pan and Pitch), tow size (small tow (< =24k) and large tow(>24k)), modulus (standard, intermediate, and high), and region (North America, Europe and the Rest of the World)?Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Carbon Fiber Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Toray Industries Inc.
- Hexcel Corporation
- Mitsubishi Chemical Corporation
- Solvay
- SGL Carbon Group
- Teijin Limited
- Formosa Plastics Corporation
- DowAksa
- Hyosung Corporation
- Nippon Graphite Fiber Corporation
- Kureha Corporation
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
LOADING...
