HOME Top Market Reports Carbon Fiber Resin Market by Resin Type (Thermoset, Thermoplastic), by Form (Prepreg, Non-Prepreg), by Application, and by Region - Global Forecast to 2021

Carbon Fiber Resin Market by Resin Type (Thermoset, Thermoplastic), by Form (Prepreg, Non-Prepreg), by Application, and by Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: March 2016
Report Code: CH 4181

 

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The carbon fiber resin market is estimated to grow from USD 292.7 Million in 2016 to USD 532.7 Million by 2021, at a compound annual growth rate (CAGR) of 12.7% from 2016 to 2021. The report aims at estimating the market size and future growth potential of the carbon fiber resin market across different segments such as application, resin type, form, and region. The base year considered for the study is 2015 and the market size is forecast from 2016 to 2021. Growing demand for lightweight and strong composite materials from end-use industries such as aerospace & defense and automotive is increasing the demand for carbon fiber resin. Carbon fiber resins offer properties such as strength and stiffness, corrosion resistance, chemical resistance, high viscosity, and few others resulting in greater demand for carbon fiber resin. With the introduction of CAFΙ regulation in North America and European region, the usage of composite parts manufactured using carbon fiber resin is expected to substantially increase the growth of the market in the automotive application.

The research methodology used to estimate and forecast the carbon fiber resin market begins with capturing data of the key company revenues and raw material costs through secondary research. The product offerings are also taken into consideration to determine the market segmentation. The bottom-up approach was employed to arrive at the overall market size of carbon fiber resins from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The breakdown of profiles of primary discussion participants is depicted in the below figure:

Carbon Fiber Resin Market

To know about the assumptions considered for the study, download the pdf brochure

The carbon fiber resin market comprises manufacturers such as Huntsman Corporation (U.S.), Alpha Owens-Corning (U.S.), BASF SE (Germany), Hexion Inc. (U.S.), Ashland Inc. (U.S.), and so on. The application industries of carbon fiber resin majorly include aerospace & defense, wind energy, automotive, sporting goods, civil engineering, marine, electrical & electronics, pipe & tank, and among others.

Target audience

  • Carbon fiber manufacturers
  • Resin manufacturers
  • Raw material suppliers
  • Distributors & suppliers
  • Industry associations

“The study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments.”

Scope of the Report

The research report segments the carbon fiber resin market into the following submarkets:

By Resin Type:

  • Thermoset Resin
  • Thermoplastic Resin

By Form:

  • Prepreg
  • Non-prepreg

By Application:

  • Aerospace & defense
  • Wind Energy
  • Automotive
  • Sporting Goods
  • Civil Engineering
  • Marine
  • Electrical & Electronics
  • Pipe & Tank
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American carbon fiber resin market
  • Further breakdown of the European carbon fiber resin market
  • Further breakdown of the Asia-Pacific carbon fiber resin market
  • Further breakdown of the RoW carbon fiber resin market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.4 Markets Scope
           1.4.1 Markets Covered
           1.4.2 Years Considered for the Report
    1.5 Currency
    1.6 Package Size
    1.7 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Carbon Fiber Resin Market Size (Value) By 2021
    4.2 Carbon Fiber Resin Market, By Application
    4.3 Carbon Fiber Resin Market, By Key Application
    4.4 U.S. and Germany Command the Major Share of the Carbon Fiber Resin Market
    4.5 Life Cycle Analysis, By Region
    4.6 Carbon Fiber Resin Market, By Resin Type

5 Market Overview (Page No. - 35)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Increasing Demand for Carbon Fiber Composites in End-Use Industries
           5.1.2 Restraints
                    5.1.2.1 Recycling-Related Issues
                    5.1.2.2 High Processing and Manufacturing Cost
           5.1.3 Opportunities
                    5.1.3.1 Increasing Demand From Emerging Economies
                    5.1.3.2 Growing Demand for Carbon Fiber Composites in Boeing-787
           5.1.4 Challenges
                    5.1.4.1 High Cost of Carbon Fiber Composite Parts
                    5.1.4.2 Need for Continuous Improvement in Product Offering
    5.2 Porter’s Five Forces Analysis
           5.2.1 Threat of New Entrants
           5.2.2 Threat of Substitutes
           5.2.3 Bargaining Power of Suppliers
           5.2.4 Bargaining Power of Buyers
           5.2.5 Intensity of Competitive Rivalry

6 Carbon Fiber Resin Market, By Resin Type (Page No. - 46)
    6.1 Introduction
           6.1.1 Thermoset Resin
           6.1.2 Thermoplastic Resin

7 Carbon Fiber Resin Market, By Form (Page No. - 54)
    7.1 Introduction
    7.2 Prepreg
    7.3 Non-Prepreg

8 Carbon Fiber Resin Market, By Application (Page No. - 60)
    8.1 Introduction
    8.2 Aerospace & Defense
    8.3 Wind Energy
    8.4 Automotive
    8.5 Sporting Goods
    8.6 Civil Engineering
    8.7 Pipe & Tank
    8.8 Marine
    8.9 Electrical & Electronics
    8.10 Other Applications

9 Carbon Fiber Resin Market, By Region (Page No. - 75)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia-Pacific
    9.5 RoW

10 Competitive Landscape (Page No. - 93)
     10.1 Overview
     10.2 New Product Developments/Launches and Expansions: the Most Popular Growth Strategies
     10.3 Maximum Developments in 2014
     10.4 Competitive Benchmarking and Landscape
             10.4.1 Expansions
             10.4.2 Mergers & Acquisitions
             10.4.3 New Product Developments/Launches
             10.4.4 Partnerships, Joint Ventures, and Agreements

11 Company Profiles (Page No. - 99)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Huntsman Corporation
     11.2 Alpha Owens-Corning
     11.3 BASF SE
     11.4 Hexion Inc.
     11.5 Polynt S.P.A.
     11.6 Ashland Inc.
     11.7 Olin Corporation
     11.8 3M Company
     11.9 Aliancys
     11.10 Kukdo Chemical Co. Ltd

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 122)
     12.1 Insights From Industry Experts
     12.3 Discussion Guide
     12.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.5 Introducing RT: Real Time Market Intelligence
     12.6 Available Customizations
     12.7 Related Reports


List of Tables (70 Tables)

Table 1 Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (Ton)
Table 2 Carbon Fiber Market Size, By Resin Type, 2014–2021 (USD Million)
Table 3 Carbon Fiber Resin Market, By Resin Type
Table 4 Carbon Fiber Resin Market, By Form
Table 5 Carbon Fiber Resin Market, By Application
Table 6 Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (Ton)
Table 7 Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (USD Million)
Table 8 Thermoset Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (Ton)
Table 9 Thermoset Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (USD Million)
Table 10 Thermoset Carbon Fiber Resin Market Size, By Region, 2014–2021 (Ton)
Table 11 Thermoset Carbon Fiber Resin Market Size, By Region, 2014–2021 (USD Million)
Table 12 Thermoplastic Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (Ton)
Table 13 Thermoplastic Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (USD Million)
Table 14 Thermoplastic Carbon Fiber Resin Market Size, By Region, 2014–2021 (Ton)
Table 15 Thermoplastic Carbon Fiber Resin Market Size, By Region, 2014–2021 (USD Million)
Table 16 Carbon Fiber Resin Market Size, By Form, 2014–2021 (Ton)
Table 17 Carbon Fiber Resin Market Size, By Form, 2014–2021 (USD Million)
Table 18 Prepreg Market Size, By Region, 2014–2021 (Ton)
Table 19 Prepreg Market Size, By Region, 2014–2021 (USD Million)
Table 20 Non-Prepreg Market Size, By Region, 2014–2021 (Ton)
Table 21 Non-Prepreg Market Size, By Region, 2014–2021 (USD Million)
Table 22 Carbon Fiber Resin Market Size, By Application, 2014-2021 (Ton)
Table 23 Carbon Fiber Resin Market Size, By Application, 2014-2021 (USD Million)
Table 24 Carbon Fiber Resin Market Size in Aerospace & Defense, By Region, 2014-2021 (Ton)
Table 25 Carbon Fiber Resin Market Size in Aerospace & Defense, By Region, 2014-2021 (USD Million)
Table 26 Carbon Fiber Resin Market Size in Wind Energy, By Region, 2014-2021 (Ton)
Table 27 Carbon Fiber Resin Market Size in Wind Energy, By Region, 2014-2021 (USD Million)
Table 28 Carbon Fiber Resin Market Size in Automotive, By Region, 2014-2021 (Ton)
Table 29 Carbon Fiber Resin Market Size in Automotive, By Region, 2014-2021 (USD Million )
Table 30 Carbon Fiber Resin Market Size in Sporting Goods, By Region, 2014-2021 (Ton)
Table 31 Carbon Fiber Resin Market Size in Sporting Goods, By Region, 2014-2021 (USD Million)
Table 32 Carbon Fiber Resin Market Size in Civil Engineering, By Region, 2014-2021 (Ton)
Table 33 Carbon Fiber Resin Market Size in Civil Engineering, By Region, 2014-2021 (USD Million)
Table 34 Carbon Fiber Resin Market Size in Pipe & Tank, By Region, 2014-2021 (Ton)
Table 35 Carbon Fiber Resin Market Size in Pipe & Tank, By Region, 2014-2021 (USD Million)
Table 36 Carbon Fiber Resin Market Size in Marine, By Region, 2014-2021 (Ton)
Table 37 Carbon Fiber Resin Market Size in Marine, By Region, 2014-2021 (USD Million)
Table 38 Carbon Fiber Resin Market Size in Electrical & Electronics, By Region, 2014-2021 (Ton)
Table 39 Carbon Fiber Resin Market Size in Electrical & Electronics, By Region, 2014-2021 (USD Million)
Table 40 Carbon Fiber Resin Market Size in Other Applications, By Region, 2014-2021 (Ton)
Table 41 Carbon Fiber Resin Market Size in Other Applications, By Region, 2014-2021 (USD Million)
Table 42 Carbon Fiber Resin Market Size, By Region, 2014–2021 (Ton)
Table 43 Carbon Fiber Resin Market Size, By Region, 2014–2021 (USD Million)
Table 44 North America: Carbon Fiber Resin Market Size, By Application, 2014–2021 (USD Million)
Table 45 North America: Carbon Fiber Resin Market Size, By Application, 2014–2021 (Ton)
Table 46 North America: Carbon Fiber Resin Market Size, By Country, 2014–2021 (USD Million)
Table 47 North America: Carbon Fiber Resin Market Size, By Country, 2014–2021 (Ton)
Table 48 North America: Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (USD Million)
Table 49 North America: Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (Ton)
Table 50 Europe: Carbon Fiber Resin Market Size, By Application, 2014–2021 (USD Million)
Table 51 Europe: Carbon Fiber Resin Market Size, By Application, 2014–2021 (Ton)
Table 52 Europe: Carbon Fiber Resin Market Size, By Country, 2014–2021 (USD Million)
Table 53 Europe: Carbon Fiber Resin Market Size, By Country, 2014–2021 (Ton)
Table 54 Europe: Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (USD Million)
Table 55 Europe: Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (Ton)
Table 56 Asia-Pacific: Carbon Fiber Resin Market Size, By Application, 2014–2021 (USD Million)
Table 57 Asia-Pacific: Carbon Fiber Resin Market Size, By Application, 2014–2021 (Ton)
Table 58 Asia-Pacific: Carbon Fiber Resin Market Size, By Country, 2014–2021 (USD Million)
Table 59 Asia-Pacific: Carbon Fiber Resin Market Size, By Country, 2014–2021 (Ton)
Table 60 Asia-Pacific: Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (USD Million)
Table 61 Asia-Pacific: Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (Ton)
Table 62 RoW: Carbon Fiber Resin Market Size, By Application, 2014–2021 (USD Million)
Table 63 RoW: Carbon Fiber Resin Market Size, By Application, 2014–2021 (Ton)
Table 64 RoW: Carbon Fiber Resin Market Size, By Country, 2014-2021 (USD Million)
Table 65 RoW: Carbon Fiber Resin Market Size, By Country, 2014-2021 (Ton)
Table 66 RoW: Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (USD Million)
Table 67 RoW: Carbon Fiber Resin Market Size, By Resin Type, 2014–2021 (Ton)
Table 68 Expansions, 2010–2015
Table 69 New Product Launches/Developments, 2010–2015
Table 70 Partnerships, Joint Ventures, and Agreements, 2010–2015


List of Figures (50 Figures)

Figure 1 Carbon Fiber Resin: Market Segmentation
Figure 2 Carbon Fiber Resin Market: Research Design
Figure 3 Key Industry Insights
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Breakdown and Data Triangulation
Figure 8 Aerospace & Defense Application to Register the Highest CAGR (2016 vs 2021)
Figure 9 Carbon Fiber Resin Market, By Country, 2015
Figure 10 Carbon Fiber Resin Market Share, By Volume, 2015
Figure 11 Attractive Opportunities in the Carbon Fiber Resin Market, 2016–2021
Figure 12 Aerospace & Defense to Be the Major Application for Carbon Fiber Resin, By Value,
Figure 13 North America Dominated the Global Carbon Fiber Resin Application Market
Figure 14 U.S. and Germany Command Around 42% of the Carbon Fiber Resin Market
Figure 15 Asia-Pacific is Expected to Witness Exponential Growth
Figure 16 Thermoplastic Resin is Projected to Grow at the Highest Rate
Figure 17 Drivers, Restraints, Opportunities, and Challenges in the Carbon Fiber Resin Market
Figure 18 Porter’s Five Forces: Intensity of Rivalry is High Due to Presence of Competitive Players of Carbon Fiber Resin
Figure 19 Thermoset Resin to Dominate the Carbon Fiber Resin Market, 2016 vs 2021
Figure 20 Thermoset Carbon Fiber Resin Market in North America to Grow at A Faster Rate, 2016 vs 2021
Figure 21 Polyamide Resin to Outpace Other Resin in the Carbon Fiber Resin Market, 2016 vs 2021
Figure 22 Prepreg Form to Lead the Carbon Fiber Resin Market, 2016 vs 2021
Figure 23 North America to Dominate the Non-Prepreg Market, 2016 vs 2021
Figure 24 Automotive Application to Lead the Carbon Fiber Resin Market, 2016 vs 2021
Figure 25 North America to Drive the Carbon Fiber Resin Market in Aerospace & Defense Application, 2016 vs 2021
Figure 26 North America to Witness the Highest Growth Rate in the Carbon Fiber Resin Market in Automotive Application, 2016 vs 2021
Figure 27 Asia-Pacific to Witness the Highest Growth Rate in the Carbon Fiber Resin Market in Automotive Application, 2016 vs 2021
Figure 28 Asia-Pacific to Witness the Highest Growth Rate in the Carbon Fiber Resin Market in Marine Application, 2016 vs 2021
Figure 29 China and Mexico to Drive the Carbon Fiber Resin Market Between 2016 and 2021
Figure 30 U.S. and Mexico: the Key Markets for Carbon Fiber Resin in North America, 2015
Figure 31 Germany to Be the Fastest-Growing Carbon Fiber Resin Market in Europe, 2016–2021
Figure 32 China to Witness the Highest Growth Rate in the Carbon Fiber Resin Market, 2016–2021
Figure 33 Companies Adopted New Product Developments/Launches and Expansions as the Key Growth Strategies in the Last Five Years (2010–2015)
Figure 34 Major Growth Strategies in the Carbon Fiber Resin Market, 2010–2015
Figure 35 Developments in Carbon Fiber Resin Market, 2010–2015
Figure 36 Geographic Revenue Mix of the Major Market Players
Figure 37 Huntsman Corporation: Company Snapshot
Figure 38 Huntsman Corporation: SWOT Analysis
Figure 39 Alpha Owens-Corning: SWOT Analysis
Figure 40 BASF SE: Company Snapshot
Figure 41 BASF SE: SWOT Analysis
Figure 42 Hexion Inc.: Company Snapshot
Figure 43 Hexion Inc.: SWOT Analysis
Figure 44 Polynt S.P.A.: Company Snapshot
Figure 45 Polynt S.P.A.: SWOT Analysis
Figure 46 Ashland Inc.: Company Snapshot
Figure 47 Olin Corporation: Company Snapshot
Figure 48 3M Company: Company Snapshot
Figure 49 Marketsandmarkets Knowledge Store Snapshot
Figure 50 Marketsandmarkets Knowledge Store: Chemical and Material Snapshot

MarketsandMarkets projects the global carbon fiber resin market to grow from USD 292.7 Million in 2016 to USD 532.7 Million by 2021, at a compound annual growth rate (CAGR) of 12.7% during the same period. The global carbon fiber resin market witnessed a strong growth in the past few years considering the high demand for lightweight and superior mechanical properties materials, in the U.S., Germany, and developing countries such as the Middle East, Brazil, and China. The growing aerospace and automotive industries in these countries are driving the carbon fiber resin market.

The major applications of carbon fiber resins are aerospace & defense, wind energy, and automotive among others. Other applications include healthcare & medical and oil & gas. Automotive is estimated to be the fastest-growing application for carbon fiber resin during the forecast period. Carbon fiber resin offers properties such as strength and stiffness, lightweight, corrosion resistance, chemical resistance, high viscosity, and few others resulting in greater demand in automotive and aerospace & defense applications.

The major resins used for the manufacturing of carbon fiber resin materials are thermoplastic resin and thermoset resin. Thermoset and thermoplastic resins are used as matrix to produce these composites. Thermoset resin accounts for a larger market share in comparison to thermoplastic owing to their high strength and resistance to high temperature. Therefore, they have larger application in the automotive and aerospace & defense industries that require more heat and temperature-resistant materials. Thermoset includes epoxy, polyester, and vinyl ester resin. Thermoplastics include resins, such as polyamide and polypropylene.

Currently, North America is the largest consumer of carbon fiber resin. The U.S., Germany, and China are the major markets for carbon fiber resins. The North American region is projected to register the highest CAGR during the forecast period. Brazil is expected to drive the carbon fiber resin market in the RoW region. The growth of aerospace & defense industry focus toward harnessing wind energy, and demand of greener automotive has led to increase in demand for carbon fiber resins.

Carbon Fiber Resin Market

The manufacturing of composites consists of several steps that result in high end-product price. The machinery and tools required for its production are also capital-intensive, leading to escalated cost. This high cost is a restraint for the OEMs in the supply chain to use composites, limiting the growth of carbon fiber resin. Huntsman Corporation (U.S.) and Alpha Owens-Corning (U.S.) are the few leading players in the carbon fiber resin market. Huntsman provides products and services to various industries to grow its business. It creates and maintains its market value by making new products with unique features that enable market differentiation. The company focuses on its engineering processes for more efficient manufacturing methods and involves in strategic investment to encourage the development of its core strengths in the company. High cost of carbon fiber composite is one of the major restraints for the growth of this market.

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