The global market for Carbon Fibers is estimated at US$10.0 Billion in 2023 and is projected to reach US$18.7 Billion by 2030, growing at a CAGR of 9.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the carbon fiber market is driven by several factors. Technological advancements in manufacturing processes have significantly reduced production costs and improved the quality of carbon fibers, making them more attractive to various industries. The increasing adoption of carbon fibers in the aerospace and automotive sectors, driven by the need for lightweight and fuel-efficient materials, is a major growth driver. Additionally, the expanding use of carbon fibers in the wind energy sector, due to their superior strength and durability, is contributing to market growth.
Regulatory policies promoting the use of sustainable and high-performance materials are further supporting the adoption of carbon fibers. The growing demand for high-quality sports equipment and the development of innovative applications in construction and other industries are also driving the market. These factors, combined with the continuous advancements in carbon fiber technology, ensure robust growth and widespread adoption in the coming years.
The growth in the carbon fiber market is driven by several factors. Technological advancements in manufacturing processes have significantly reduced production costs and improved the quality of carbon fibers, making them more attractive to various industries. The increasing adoption of carbon fibers in the aerospace and automotive sectors, driven by the need for lightweight and fuel-efficient materials, is a major growth driver. Additionally, the expanding use of carbon fibers in the wind energy sector, due to their superior strength and durability, is contributing to market growth.
Regulatory policies promoting the use of sustainable and high-performance materials are further supporting the adoption of carbon fibers. The growing demand for high-quality sports equipment and the development of innovative applications in construction and other industries are also driving the market. These factors, combined with the continuous advancements in carbon fiber technology, ensure robust growth and widespread adoption in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Aerospace & Defense End-Use segment, which is expected to reach US$5.1 Billion by 2030 with a CAGR of a 8.1%. The Automotive End-Use segment is also set to grow at 9.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.7 Billion in 2023, and China, forecasted to grow at an impressive 8.8% CAGR to reach $2.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Carbon Fibers Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Carbon Fibers Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Carbon Fibers Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cytec Solvay Group, DowAksa, Formosa Plastics Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 13 Featured):
- Cytec Solvay Group
- DowAksa
- Formosa Plastics Corporation
- Hexcel Corporation
- Hyosung Corporation
- Mitsubishi Chemical Carbon Fiber and Composites Inc.
- Mitsubishi Chemical Holdings Corporation
- Nippon Graphite Fiber Corporation
- SGL Group - The Carbon Company
- Teijin Ltd.
- Toho Tenax Co. Ltd.
- Toray Industries Inc.
- ZOLTEK™ Carbon Fiber
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Cytec Solvay Group
- DowAksa
- Formosa Plastics Corporation
- Hexcel Corporation
- Hyosung Corporation
- Mitsubishi Chemical Carbon Fiber and Composites Inc.
- Mitsubishi Chemical Holdings Corporation
- Nippon Graphite Fiber Corporation
- SGL Group - The Carbon Company
- Teijin Ltd.
- Toho Tenax Co. Ltd.
- Toray Industries Inc.
- ZOLTEK™ Carbon Fiber
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 259 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 10 Billion |
| Forecasted Market Value ( USD | $ 18.7 Billion |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
