Carbon Fiber Market by Raw Material (PAN, Pitch, Rayon), Fiber Type (Virgin, Recycled), Product Type, Modulus, Application (Composite, Non-composite), End-use Industry (A & D, Automotive, Wind Energy), and Region - Global Forecast to 2029
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Request For Special Pricing[168 Pages Report] The carbon fiber market is projected to grow from USD 4.7 billion in 2019 to USD 13.3 billion by 2029, at a CAGR of 11.0% between 2019 and 2029. The market is growing due to its increasing demand from aerospace & defense, automotive, and wind energy industries.
Aerospace & defense end-use industry is expected to be the largest consumer of carbon fiber globally
The major end-user industries in the carbon fiber market include aerospace & defense, automotive, sports & recreation, and wind energy. The aerospace & defense industry accounted for a major share of the market, in terms of value and volume. This is due to the increased production of aircraft by Boeing and Airbus. Boeing and Airbus have a projected demand for nearly 9,000 new wide-bodied aircraft over the next 20 years. The use of carbon fiber in narrow-body aircraft is also witnessing growth t. According to The Teal Group, aircraft production is set to grow at 5.8% annually, from an estimated market size of USD 164 billion in 2017 to USD 218 billion by 2022.
PAN-based carbon fiber to account for a major share of the carbon fiber market, in terms of value and volume during the forecast period
PAN-based carbon fiber dominate the overall carbon fiber market as they are widely applicable in aerospace & defense, automotive, sports & recreation, wind energy, and other industries. This fiber has high strength modulus in comparison to other types of carbon fibers. PAN-based carbon fiber is used more due to its cost-effectiveness and better quality of fiber produced. This carbon fiber precursor possesses high tensile strength and elastic modulus. It gives more than 85% yield of carbon fiber.
Europe is expected to lead the carbon fiber market during the forecast period.
Europe is a key carbon fiber market. The market is growing due to the high demand for materials with excellent strength, lightweight, and chemical and corrosion resistance properties. The market in the region is driven by the presence of large aircraft manufacturers, electric car manufacturers, and offshore wind farm installations in the region. In aerospace & defense industry the region is at the forefront of innovation with the successful launch of Airbus A320 family and Eurofighter. Europe is home to some of the prominent automotive manufacturers such as BMW, Fiat, and Bentley. These automotive manufacturers use carbon fiber composites in various structural automotive parts such as bonnets, bumpers, and frontends. There are a large number of offshore wind energy installations, especially in the UK and Germany.
Market Dynamics
Driver: Consolidation of aircraft manufacturers and high demand for next-generation, single-aisle aircrafts
Aircraft manufacturers are becoming stronger through consolidation for new single-aisle regional aircraft manufacturing projects. In 2018, Embraer (São Paulo, Brazil) entered into a joint venture with Boeing for the production of regional commercial aircraft. Airbus and Bombardier (Quebec, Canada) entered into a partnership for the production of the C Series aircraft. In 2018, JetBlue purchased 60 Airbus A220-300s, the new designation for the former C-Series aircraft.
Single-aisle airplanes are expected to command the largest share of new aircraft deliveries during the forecast period. These aircraft are expected to fulfill around 70% of the future commercial aircraft demand. With the retirement of A30 aircraft production, all the players in the entire aerospace production value chain are looking for the future. Currently, only Boeing 787, 777X, and Airbus A350 are in production that are using carbon fiber. New demand for carbon fiber is expected to come from the next-generation single-aisle aircraft. The new midsize airplane - NMA, or, 797) - a single-aisle, mid-range plane designed by Boeing is expected to replace the company’s retired Boeing 757 aircraft. This aircraft is also expected to have AFP-made, autoclave-cured wings and fuselage structures.
Restraint: High cost of carbon fiber
In the automotive industry, carbon fiber is currently used only in racing cars and some high-end sports car as the cost of carbon fiber at present is about USD 8 to USD 15/lb. If the cost of carbon fiber decreases to about USD 5 to USD7/lb., it will be used on a much larger scale in automobiles. Usage of carbon fiber composite structural parts is expected to increase to a great extent, provided the cost is reduced. Oak Ridge National Laboratory (ORNL) located in the US is aggressively working to define low-cost carbon fiber (LCCF) technologies. The price for aerospace grade carbon fiber currently ranges from USD 30 to USD 80/lb. In other applications such as industrial, sporting goods, and wind energy, the price ranges from USD 10 to USD 20/lb. There are many new applications of carbon fiber based composite which are not yet commercially feasible as they are expensive.
Opportunity: Increasing use of carbon fiber in 3D printing
3D printing technology involves the printing of a 3D object from a digital model by stacking thin materials. This is a sophisticated technology used for several applications and does not require large equipment setup. This technology can be used to print several objects in a short time span. Continuous carbon fibers are used in 3D printing as if it offers high strength and rigidity compared to other metallic materials. The content and orientation of carbon fiber are controllable, which eases the optimization process. 3D printing using carbon fibers also allows for high accuracy in the manufacturing of parts for various end-use industries such as aerospace, automotive, and dental. This technology will revolutionize the carbon fiber manufacturing process and will offer significant opportunities for the market players.
Challenge: Production of low-cost carbon fiber
The high cost of carbon fiber is one of the major concerns associated with its growth. Carbon fiber is still not used in large applications due to its high cost. Developing low-cost technologies is a major challenge for researchers and key manufacturers. In the automotive industry, carbon fiber composites are only introduced in high-end and luxury cars due to their high cost. With the production of low-cost carbon fiber, there will be an increased use in the automotive industry than the aerospace industry, where high-grade carbon fiber is used.
Scope of the Report
|
Report Metric |
Details |
|
Years considered for the study |
2019–2029 |
|
Base year |
2018 |
|
Forecast period |
2019–2024 and 2019-2029 |
|
Units considered |
Value (USD Million), Volume (Kiloton) |
|
Segments |
Raw material, Product type, Fiber type, Modulus, Application, End-use industry, and Region |
|
Regions |
Europe, North America, APAC, MEA, and Latin America |
|
Companies |
Toray Industries Inc. (Japan), SGL Group (Germany), Hexcel Corporation (U.S.), Mitsubishi Rayon Co. Ltd. (Japan), Teijin Limited (Japan), Formosa Plastics Corporation (Taiwan), Solvay (Belgium), Jiangsu Hengshen Co. Ltd. (China), Hyosung (South Korea), DowAksa (Turkey) |
This research report categorizes the carbon fiber market based on raw material, product type, fiber type, modulus, application, end-use industry and region.
On the basis of Raw material, the carbon fiber market has been segmented as follows:
- PAN–based carbon fiber
- Pitch–based carbon fiber
- Rayon–based carbon fiber
On the basis of Product Type, the carbon fiber market has been segmented as follows:
- Continuous carbon fiber
- Long carbon fiber
- Short carbon fiber
On the basis of Fiber Type, the carbon fiber market has been segmented as follows:
- Virgin carbon fiber
- Recycled carbon fiber
- Standard modulus
- gIntermediate modulus
- High modulus
- Composite
- Non-composite
- Aerospace & defense
- Automotive
- Wind Energy
- Sporting goods
- Electrical & electronics
- Civil Engineering
- Pipe & Tank
- Marine
- Others (Medical, Oil & gas, 3D printing, High speed & metro train, Hydrogen gas storage, Electrode for batteries)
- Europe
- North America
- APAC
- MEA
- Latin America
Key Market Players
The carbon fiber market comprises major solution providers, such as Toray Industries Inc. (Japan), SGL Group (Germany), Hexcel Corporation (U.S.), Mitsubishi Rayon Co. Ltd. (Japan), Teijin Limited (Japan), Formosa Plastics Corporation (Taiwan), Solvay (Belgium), Jiangsu Hengshen Co. Ltd. (China), Hyosung (South Korea), DowAksa (Turkey). The study includes an in-depth competitive analysis of these key players in the carbon fiber market, with their company profiles, recent developments, and key market strategies.
Recent Developments
- In January 2019, Teijin entered into an agreement with Bombardier Aerostructures and Engineering Services for the supply of its TENAX carbon fiber material. This helped the company in its medium-term growth in the aircraft business.
- In October 2018, Hexcel Corporation opened its new advanced composites plant at the Les Roches-Roussillon Chemicals Industry Platform in France. This plant will help in responding to the needs of aerospace customers for carbon composite materials.
- In November 2017, Toray Industries, Inc. developed new higher tensile strength and tensile modulus carbon fiber named TORAYCA MX series. This carbon fiber is mainly for aerospace, industrial, and sports applications.
Key Questions addressed by the report
- Which are the major end-use industries of carbon fiber?
- Which industry is the major consumer of carbon fiber?
- Which region is the largest and fastest-growing market for carbon fiber?
- What are the major product types of carbon fiber?
- What are the major applications of carbon fiber?
- What are the major modulus types of carbon fiber?
- What are the major fiber types of carbon fiber?
- What are the major strategies adopted by leading market players?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Carbon Fiber Market: Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for The Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
1.7 Limitations
2 Research Methodology (Page No. - 20)
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 Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 33)
4.1 Attractive Opportunities in The Carbon Fiber Market
4.2 Carbon Fiber Market, By Raw Material
4.3 Carbon Fiber Market, By Product Type
4.4 Carbon Fiber Market Size, By Application
4.5 Carbon Fiber Market, By Fiber Type and Modulus
4.6 Carbon Fiber Market, By End-Use Industry and Country
4.7 Carbon Fiber Market, By Country
5 Market Overview (Page No. - 37)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Consolidation of Aircraft Manufacturers and High Demand Fornext–Generation, Single-Aisle Aircrafts
5.2.1.2 Adoption of New Technologies & Agreements among Players in The Automotive Industry
5.2.1.3 Increasing Usage of Carbon Fiber in The Wind Energy Industry
5.2.1.4 New Product Launches Such as Mining Truck Trays and Corrosive Chemical Tank Containers
5.2.2 Restraints
5.2.2.1 High Cost of Carbon Fiber
5.2.3 Opportunities
5.2.3.1 Development of Low-Cost Manufacturing Process Such as Plasma Oxidation Technology
5.2.3.2 Potential Opportunities in New Applications Such as Geo-Polymer and Medical Composites
5.2.3.3 Growing Demand from Emerging Markets
5.2.3.4 Increasing Use of Carbon Fiber in 3d Printing
5.2.4 Challenges
5.2.4.1 Production of Low-Cost Carbon Fiber
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Raw Material Analysis
5.5 Cost Structure Analysis
6 Macroeconomic Overview and Key Trends (Page No. - 45)
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends in Aerospace Industry
6.4 Trends in Automotive Industry
6.5 Trends in Wind Energy Industry
7 Carbon Fiber Market, By Raw Material (Page No. - 49)
7.1 Introduction
7.2 Pan-Based Carbon Fiber
7.2.1 Pan-Based Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
7.2.2 Pan-Based Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
7.3 Pan-Based Carbon Fiber, By Fiber Size
7.3.1 Small Tow (<24k)
7.3.2 Large Tow (>24k)
7.3.2.1 Small Tow Carbon Fiber Will Dominate The Market Due to Its Superior Properties
7.4 Pitch-Based Carbon Fiber
7.4.1 Pitch-Based Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
7.4.2 Pitch-Based Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
7.5 Rayon-Based Carbon Fiber
7.5.1 Rayon-Based Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
7.5.2 Rayon-Based Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
8 Carbon Fiber Market, By Fiber Type (Page No. - 56)
8.1 Introduction
8.2 Virgin Carbon Fiber
8.2.1 Virgin Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
8.2.2 Virgin Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
8.3 Recycled Carbon Fiber
8.3.1 Recycled Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
8.3.2 Recycled Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
9 Carbon Fiber Market, By Product Type (Page No. - 59)
9.1 Introduction
9.2 Continuous Carbon Fiber
9.2.1 Continuous Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
9.2.2 Continuous Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
9.3 Long Carbon Fiber
9.3.1 Long Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
9.3.2 Long Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
9.4 Short Carbon Fiber
9.4.1 Short Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
9.4.2 Short Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
10 Carbon Fiber Market, By Modulus (Page No. - 65)
10.1 Introduction
10.2 Standard Modulus
10.2.1 Standard Modulus Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
10.2.2 Standard Modulus Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
10.3 Intermediate Modulus
10.3.1 Intermediate Modulus Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
10.3.2 Intermediate Modulus Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
10.4 High Modulus
10.4.1 High Modulus Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
10.4.2 High Modulus Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
11 Carbon Fiber Market, By Application (Page No. - 68)
11.1 Introduction
11.2 Composite
11.2.1 Prepreg
11.2.2 Molding Compound
11.2.3 Woven Fabric
11.3 Non-Composite
11.3.1 The Market in This Segment is Expected to Grow During The Forecast Period
12 Carbon Fiber Market, By End-Use Industry (Page No. - 72)
12.1 Introduction
12.2 Aerospace & Defense
12.2.1 Commercial Aircraft
12.2.2 Regional Jets
12.2.3 General Aviation
12.2.4 Rotorcraft
12.2.5 Defense Aircraft
12.2.6 Others
12.3 Wind Energy
12.3.1 Rising Number of Offshore Wind Turbine Installations in Europe and China Will Drive The Market
12.4 Automotive
12.4.1 Interior Parts
12.4.2 Exterior Parts
12.4.2.1 Increasing Use of Carbon Fiber in Electric Cars and Joint Ventures to Produce Low Cost Carbon Fibers for Vehicles Will Drive The Market
12.5 Sporting Goods
12.5.1 There is High Demand for Carbon Fibers in New Applications Such as Sports Footwear
12.6 Pipe & Tank
12.6.1 Rising Demand for Carbon Fiber Based Type Iii and Type Iv Cng Cylinders Will Positively Influence The Market
12.7 Civil Engineering
12.7.1 Carbon Fiber Market Will be Driven By Their Increasing Use in Reinforced Concrete
12.8 Electrical & Electronics
12.8.1 Carbon Fiber Demand is Driven By Its Superior Mechanical Properties
12.9 Marine
12.9.1 Yachts
12.9.2 Catamarans
12.9.3 Racing Boats
12.9.3.1 Rising Demand for Carbon Fiber from Racing Boats Will Drive The Market
12.10 Other End-Use Industries
12.10.1 Medical
12.10.2 Oil & Gas
12.10.3 3-D Printing
12.10.4 High Speed & Metro Train
12.10.5 Hydrogen Gas Storage
12.10.6 Electrode for Batteries
12.10.7 Catalysis
13 Carbon Fiber Market, By Region (Page No. - 89)
13.1 Introduction
13.2 Europe
13.2.1 Germany
13.2.1.1 Germany’s Recognition as A Global Aerospace and Automotive Hub is A Major Driving Factor for The Carbon Fiber Market in Europe
13.2.2 France
13.2.2.1 The Base of Major Aircraft Manufacturers in The Country is Helping The Market Growth
13.2.3 UK
13.2.3.1 Growing Wind Energy Installations Are Fueling The Market in The UK
13.2.4 Italy
13.2.4.1 Growth of Major End-Use Industries, Including Automotive and Building & Construction is Expected to Support The Market Growth
13.2.5 Spain
13.2.5.1 Carbon Fiber Finds Wide Use in The Spanish Aerospace Industry
13.3 North America
13.3.1 US
13.3.1.1 Major Developments in The Aerospace and Automotive Industries in The US Are Driving The Market
13.3.2 Canada
13.3.2.1 Strong Wind Energy Generation Capacity and Huge Demand from The Aerospace Industry Are Propelling The Market
13.4 APAC
13.4.1 China
13.4.1.1 Expansion By Major Companies and Developments in The Automotive Sector Are Expected to Drive The Market
13.4.2 Japan
13.4.2.1 Technology Advancements and Capacity Expansion Are The Two Major Factors That Are Driving The Market
13.4.3 South Korea
13.4.3.1 Heavy Investment in Automotive and Aircraft Manufacturing is Anticipated to Increase Carbon Fiber Consumption
13.4.4 Taiwan
13.4.4.1 Increasing Demand from Wind Energy and Electrical & Electronics Industries Will Influence The Market Positively
13.5 Middle East & Africa (MEA)
13.5.1 UAE
13.5.1.1 High Investments in Airport and Rail Infrastructure Projects Are Driving The Market
13.5.2 South Africa
13.5.2.1 The Growth of The Electrical & Electronics Industry Due to The Developing Economy is Increasing The Demand for Carbon Fiber
13.5.3 Saudi Arabia
13.5.3.1 Increasing Demand from Pipe & Tank and Automotive Industries is Driving The Market
13.6 Latin America
13.6.1 Brazil
13.6.1.1 Consolidation of Embraer with Boeing Will Increase The Consumption of Carbon Fiber in Next-Generation Aircraft Manufacturing
13.6.2 Mexico
13.6.2.1 Increasing Demand from Automotive and Aerospace & Defense Industries is Expected to Drive The Market
14 Competitive Landscape (Page No. - 113)
14.1 Overview
14.2 Competitive Scenario
14.2.1 Agreements, Contracts, Partnerships, Collaboration & Joint Ventures
14.2.2 Expansions
14.2.3 New Product Launches/Developments
14.2.4 Mergers & Acquisitions
14.3 Competitive Leadership Mapping
14.3.1 Dynamic Differentiators
14.3.2 Innovators
14.3.3 Visionary Leaders
14.3.4 Emerging Companies
14.3.5 Strength of Product Portfolio
14.3.6 Business Strategy Excellence
14.4 Market Share
14.4.1 Toray Industries
14.4.2 SGL Group
14.4.3 Mitsubishi Rayon
15 Company Profiles (Page No. - 131)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
15.1 Toray Industries Inc.
15.1.1 Business Overview
15.1.2 Products Offered
15.1.3 Recent Developments
15.1.4 SWOT Analysis
15.1.5 Winning Imperatives
15.1.6 Current Focus and Strategies
15.1.7 Threat from Competition
15.1.8 Toray’s Right to Win
15.2 Teijin Limited
15.2.1 Business Overview
15.2.2 Products Offered
15.2.3 Recent Developments
15.2.4 SWOT Analysis
15.2.5 Winning Imperatives
15.2.6 Current Focus and Strategies
15.2.7 Threat from Competition
15.2.8 Teijin’s Right to Win
15.3 SGL Group
15.3.1 Business Overview
15.3.2 Products Offered
15.3.3 Recent Developments
15.3.4 SWOT Analysis
15.3.5 Winning Imperatives
15.3.6 Current Focus and Strategies
15.3.7 Threat from Competition
15.3.8 SGL Group’s Right to Win
15.4 Mitsubishi Rayon Co., Ltd.
15.4.1 Business Overview
15.4.2 Products Offered
15.4.3 Recent Developments
15.4.4 SWOT Analysis
15.4.5 Winning Imperatives
15.4.6 Current Focus and Strategies
15.4.7 Threat from Competition
15.4.8 Mitsubishi Rayon’s Right to Win
15.5 Hexcel Corporation
15.5.1 Business Overview
15.5.2 Products Offered
15.5.3 Recent Developments
15.5.4 SWOT Analysis
15.5.5 Winning Imperatives
15.5.6 Current Focus and Strategies
15.5.7 Threat from Competition
15.5.8 Hexcel’s Right to Win
15.6 Formosa Plastics Corporation
15.6.1 Business Overview
15.6.2 Products Offered
15.6.3 Recent Developments
15.6.4 MNM View
15.7 Solvay
15.7.1 Business Overview
15.7.2 Products Offered
15.7.3 Recent Developments
15.7.4 MNM View
15.8 Jiangsu Hengshen Co. Ltd.
15.8.1 Business Overview
15.8.2 Products Offered
15.8.3 Recent Developments
15.8.4 MNM View
15.9 Dowaksa
15.9.1 Business Overview
15.9.2 Products Offered
15.9.3 Recent Developments
15.9.4 MNM View
15.10 Hyosung
15.10.1 Business Overview
15.10.2 Products Offered
15.10.3 Recent Developments
15.10.4 MNM View
15.11 Other Key Players
15.11.1 Zhongfu Shenying Carbon Fiber Co. Ltd.
15.11.2 Weihai Guangwei Composites Co. Ltd.
15.11.3 Umatex (Alabuga Fiber)
15.11.4 Taekwang Industries Co. Ltd.
15.11.5 Jilin Qifeng Chemical Fiber Co., Ltd.
15.11.6 ELG Carbon Fibre
15.11.7 Dalian Xingke Carbon Fibre Co. Ltd.
15.11.8 Nippon Graphite Fiber Corporation
15.11.9 Kureha
15.11.10 Zhong An Xin Technology Co., Ltd.
*Details On Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.
16 Appendix (Page No. - 162)
16.1 Discussion Guide
16.2 Knowledge Store: MarketsandMarkets Subscription Portal
16.3 Available Customizations
16.4 Related Reports
16.5 Author Details
List of Tables (128 Tables)
Table 1 Carbon Fiber Market Size, 2017–2029
Table 2 Carbon Fiber – General Cost Parameters
Table 3 Trends and Forecast of GDP, 2017–2024 (USD Billion)
Table 4 Number of New Airplane Deliveries, By Region, 2017
Table 5 Automotive Production, Million Units (2017–2018)
Table 6 Wind Energy Installation, By Country, 2016–2017 (Mw)
Table 7 Carbon Fiber Market Size, By Raw Material, 2017–2029 (USD Million)
Table 8 Carbon Fiber Market Size, By Raw Material, 2017–2029 (Kiloton)
Table 9 Pan-Based Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 10 Pan-Based Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 11 Pan-Based Carbon Fiber Market Size, By Fiber Size, 2017–2029 (USD Million)
Table 12 Pan-Based Carbon Fiber Market Size, By Fiber Size, 2017–2029 (Kiloton)
Table 13 Pitch-Based Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 14 Pitch-Based Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 15 Rayon-Based Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 16 Rayon-Based Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 17 Carbon Fiber Market Size, By Fiber Type, 2017–2029 (USD Million)
Table 18 Carbon Fiber Market Size, By Fiber Type, 2017–2029 (Kiloton)
Table 19 Virgin Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 20 Virgin Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 21 Recycled Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 22 Recycled Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 23 Carbon Fiber Market Size, By Product Type, 2017–2029 (USD Million)
Table 24 Carbon Fiber Market Size, By Product Type, 2017–2029 (Kiloton)
Table 25 Continuous Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 26 Continuous Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 27 Long Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 28 Long Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 29 Short Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 30 Short Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 31 Carbon Fiber Market Size, By Modulus, 2017–2029 (USD Million)
Table 32 Carbon Fiber Market Size, By Modulus, 2017–2029 (Kiloton)
Table 33 Standard Modulus Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 34 Standard Modulus Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 35 Intermediate Modulus Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 36 Intermediate Modulus Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 37 High Modulus Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 38 High Modulus Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 39 Carbon Fiber Market Size, By Application, 2017–2029 (USD Million)
Table 40 Carbon Fiber Market Size, By Application, 2017-2029 (Kiloton)
Table 41 Carbon Fiber Composite Market Size, By Application, 2017–2029 (USD Million)
Table 42 Carbon Fiber Composite Market Size, By Application, 2017–2029 (Kiloton)
Table 43 Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (USD Million)
Table 44 Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (Kiloton)
Table 45 Carbon Fiber Market Size in Aerospace & Defense, By Region, 2017–2029 (USD Million)
Table 46 Carbon Fiber Market Size in Aerospace & Defense, By Region, 2017–2029 (Kiloton)
Table 47 Carbon Fiber Market Size in Wind Energy, By Region, 2017–2029 (USD Million)
Table 48 Carbon Fiber Market Size in Wind Energy, By Region, 2017–2029 (Kiloton)
Table 49 Carbon Fiber Market Size in Automotive, By Region, 2017–2029 (USD Million)
Table 50 Carbon Fiber Market Size in Automotive, By Region, 2017–2029 (Kiloton)
Table 51 Carbon Fiber Market Size in Sporting Goods, By Region, 2017–2029 (USD Million)
Table 52 Carbon Fiber Market Size in Sporting Goods, By Region, 2017–2029 (Kiloton)
Table 53 Carbon Fiber Market Size in Pipe & Tank, By Region, 2017–2029 (USD Million)
Table 54 Carbon Fiber Market Size in Pipe & Tank, By Region, 2017–2029 (Kiloton)
Table 55 Carbon Fiber Market Size in Civil Engineering, By Region, 2017–2029 (USD Million)
Table 56 Carbon Fiber Market Size in Civil Engineering, By Region, 2017–2029 (Kiloton)
Table 57 Carbon Fiber Market Size in Electrical & Electronics, By Region, 2017–2029 (USD Million)
Table 58 Carbon Fiber Market Size in Electrical & Electronics, By Region, 2017–2029 (Kiloton)
Table 59 Carbon Fiber Market Size in Marine, By Region, 2017–2029 (USD Million)
Table 60 Carbon Fiber Market Size in Marine, By Region, 2017–2029 (Kiloton)
Table 61 Carbon Fiber Market Size in Other End-Use Industries, By Region, 2017–2029 (USD Million)
Table 62 Carbon Fiber Market Size in Other End-Use Industries, By Region, 2017–2029 (Kiloton)
Table 63 Carbon Fiber Market Size, By Region, 2017–2029 (Kiloton)
Table 64 Carbon Fiber Market Size, By Region, 2017–2029 (USD Million)
Table 65 Europe: Carbon Fiber Market Size, By Country, 2017–2029 (USD Million)
Table 66 Europe: Carbon Fiber Market Size, By Country, 2017–2029 (Kiloton)
Table 67 Europe: Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (USD Million
Table 68 Europe: Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (Kiloton)
Table 69 Europe: Carbon Fiber Market Size, By Product Type, 2017–2029 (USD Million)
Table 70 Europe: Carbon Fiber Market Size, By Product Type, 2017–2029 (Kiloton)
Table 71 Europe: Carbon Fiber Market Size, By Raw Material, 2017–2029 (USD Million)
Table 72 Europe: Carbon Fiber Market Size, By Raw Material, 2017–2029 (Kiloton)
Table 73 Europe: Carbon Fiber Market Size, By Fiber Type, 2017–2029 (USD Million)
Table 74 Europe: Carbon Fiber Market Size, By Fiber Type, 2017–2029 (Kiloton)
Table 75 Europe: Carbon Fiber Market Size, By Modulus, 2017–2029 (USD Million)
Table 76 Europe: Carbon Fiber Market Size, By Modulus, 2017–2029 (Kiloton)
Table 77 North America: Carbon Fiber Market Size, By Country, 2017–2029 (Kiloton)
Table 78 North America: Carbon Fiber Market Size, By Country, 2017–2029 (USD Million)
Table 79 North America: Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (USD Million)
Table 80 North America: Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (Kiloton)
Table 81 North America: Carbon Fiber Market Size, By Product Type, 2017–2029 (USD Million)
Table 82 North America: Carbon Fiber Market Size, By Product Type, 2017–2029 (Kiloton)
Table 83 North America: Carbon Fiber Market Size, By Raw Material, 2017–2029 (USD Million)
Table 84 North America: Carbon Fiber Market Size, By Raw Material, 2017–2029 (Kiloton)
Table 85 North America: Carbon Fiber Market Size, By Fiber Type, 2017–2029 (USD Million)
Table 86 North America: Carbon Fiber Market Size, By Fiber Type, 2017–2029 (Kiloton)
Table 87 North America: Carbon Fiber Market Size, By Modulus, 2017–2029 (USD Million)
Table 88 North America: Carbon Fiber Market Size, By Modulus, 2017–2029 (Kiloton)
Table 89 APAC: Carbon Fiber Market Size, By Country, 2017–2029 (USD Million)
Table 90 APAC: Carbon Fiber Market Size, By Country, 2017–2029 (Kiloton)
Table 91 APAC: Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (USD Million)
Table 92 APAC: Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (Kiloton)
Table 93 APAC: Carbon Fiber Market Size, By Product Type, 2017–2029 (USD Million)
Table 94 APAC: Carbon Fiber Market Size, By Product Type, 2017–2029 (Kiloton)
Table 95 APAC: Carbon Fiber Market Size, By Raw Material, 2017–2029 (USD Million)
Table 96 APAC: Carbon Fiber Market Size, By Raw Material, 2017–2029 (Kiloton)
Table 97 APAC: Carbon Fiber Market Size, By Fiber Type, 2017–2029 (USD Million)
Table 98 APAC: Carbon Fiber Market Size, By Fiber Type, 2017–2029 (Kiloton)
Table 99 APAC: Carbon Fiber Market Size, By Modulus, 2017–2029 (USD Million)
Table 100 APAC: Carbon Fiber Market Size, By Modulus, 2017–2029 (Kiloton)
Table 101 MEA: Carbon Fiber Market Size, By Country, 2017–2029 (USD Million)
Table 102 MEA: Carbon Fiber Market Size, By Country, 2017–2029 (Kiloton)
Table 103 MEA Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (USD Million)
Table 104 MEA: Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (Kiloton)
Table 105 MEA: Carbon Fiber Market Size, By Product Type, 2017–2029 (USD Million)
Table 106 MEA: Carbon Fiber Market Size, By Product Type, 2017–2029 (Kiloton)
Table 107 MEA: Carbon Fiber Market Size, By Raw Material, 2017–2029 (USD Million)
Table 108 MEA: Carbon Fiber Market Size, By Raw Material, 2017–2029 (Kiloton)
Table 109 MEA: Carbon Fiber Market Size, By Fiber Type, 2017–2029 (USD Million)
Table 110 MEA: Carbon Fiber Market Size, By Fiber Type, 2017–2029 (Kiloton)
Table 111 MEA: Carbon Fiber Market Size, By Modulus, 2017–2029 (USD Million)
Table 112 MEA: Carbon Fiber Market Size, By Modulus, 2017–2029 (Kiloton
Table 113 Latin America: Carbon Fiber Market Size, By Country, 2017–2029 (USD Million)
Table 114 Latin America: Carbon Fiber Market Size, By Country, 2017–2029 (Kiloton)
Table 115 Latin America: Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (USD Million)
Table 116 Latin America: Carbon Fiber Market Size, By End-Use Industry, 2017–2029 (Kiloton)
Table 117 Latin America: Carbon Fiber Market Size, By Product Type, 2017–2029 (USD Million)
Table 118 Latin America: Carbon Fiber Market Size, By Product Type, 2017–2029 (Kiloton)
Table 119 Latin America: Carbon Fiber Market Size, By Raw Material, 2017–2029 (USD Million)
Table 120 Latin America: Carbon Fiber Market Size, By Raw Material, 2017–2029 (Kiloton)
Table 121 Latin America: Carbon Fiber Market Size, By Fiber Type, 2017–2029 (USD Million)
Table 122 Latin America: Carbon Fiber Market Size, By Fiber Type, 2017–2029 (Kiloton)
Table 123 Latin America: Carbon Fiber Market Size, By Modulus, 2017–2029 (USD Million)
Table 124 Latin America: Carbon Fiber Market Size, By Modulus, 2017–2029 (Kiloton)
Table 125 Agreements, Contracts, Partnerships, Collaboration & Joint Ventures, 2014–2019
Table 126 Expansions, 2014–2019
Table 127 New Product Launches, 2014–2019
Table 128 Mergers & Acquisitions, 2014–2019
List of Figures (55 Figures)
Figure 1 Carbon Fiber Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Carbon Fiber Market: Data Triangulation
Figure 5 Pan Carbon Fiber Segment Dominated Overall Market in 2018
Figure 6 Continuous Carbon Fiber Segment Dominated Overall Market in 2018
Figure 7 Composite Application Dominated Overall Market in 2018
Figure 8 High Modulus Carbon Fiber Dominated Overall Market in 2018
Figure 9 Aerospace & Defense Dominates Overall Carbon Fiber Market
Figure 10 Virgin Carbon Fiber to be The Faster-Growing Segment in overall Carbon Fiber Market
Figure 11 US to be The Largest Market for Carbon Fiber, in Terms of Value
Figure 12 Europe to be The Largest and Fastest-Growing Carbon Fiber Market
Figure 13 High Demand from Aerospace & Defense and Automotive Industries to Drive The Market
Figure 14 Pan-Based Carbon Fiber to Dominate Overall Carbon Fiber Market
Figure 15 Continuous Carbon Fiber to be Fastest-Growing Segment in Overall Market
Figure 16 Composites Segment to be Dominant Application of Carbon Fiber
Figure 17 Standard Modulus Segment to Dominate Overall Carbon Fiber Market
Figure 18 Europe to Dominate Carbon Fiber Market
Figure 19 Germany to Register Highest CAGR in Carbon Fiber Market
Figure 20 Drivers, Restraints, Opportunities, and Challenges in The Carbon Fiber Market
Figure 21 Porter’s Five Forces Analysis
Figure 22 Raw Material Analysis
Figure 23 Trends and Forecast of GDP, 2019–2024 (USD Billion)
Figure 24 New Airplane Deliveries, By Region, 2017
Figure 25 Automotive Production in Key Countries, Million Units (2017 vs. 2018)
Figure 26 Pan-Based Carbon Fiber to Grow At A High Rate During The Forecast Period
Figure 27 Pan-Based Carbon Fiber Market to Register The Highest Growth in North America
Figure 28 Virgin Carbon Fiber to Dominate The Carbon Fiber Market During The Forecast Period
Figure 29 Continuous Carbon Fiber Segment to Dominate The Market
Figure 30 Europe to be The Largest Market for Continuous Carbon Fiber
Figure 31 High Modulus Carbon Fiber to Dominate The Overall Carbon Fiber Market, in Terms of Value, During Forecast Period
Figure 32 Composite to be The Larger Application of Carbon Fiber
Figure 33 Carbon Fiber Market to Witness Highest Growth in Automotive Industry Between 2019 and 2024
Figure 34 North America to Drive The Carbon Fiber Market in Aerospace & Defense Industry
Figure 35 Europe to Dominate Carbon Fiber Market in Wind Energy Industry
Figure 36 North America to Dominate Carbon Fiber Market in Automotive Industry
Figure 37 Germany to Register The Highest CAGR
Figure 38 Europe: Carbon Fiber Market Snapshot
Figure 39 North America: Carbon Fiber Market Snapshot
Figure 40 APAC: Carbon Fiber Market Snapshot
Figure 41 Agreements, Partnerships, Collaborations, Contracts & Joint Ventures Are The Most Preferred Growth Strategies Adopted By Major Players Between 2014 and 2019
Figure 42 Carbon Fiber Market: Competitive Leadership Mapping, 2018
Figure 43 Toray Industries Inc.: The Largest Company in The Carbon Fiber Market
Figure 44 Toray Industries Inc.: Company Snapshot
Figure 45 Toray Industries, Inc.: SWOT Analysis
Figure 46 Teijin Limited: Company Snapshot
Figure 47 Teijin Limited: SWOT Analysis
Figure 48 SGL Group: Company Snapshot
Figure 49 SGL Group: SWOT Analysis
Figure 50 Mitsubishi Rayon Co., Ltd.: Company Snapshot
Figure 51 Mitsubishi Rayon Co. Ltd.: SWOT Analysis
Figure 52 Hexcel Corporation: Company Snapshot
Figure 53 Hexcel Corporation: SWOT Analysis
Figure 54 Solvay: Company Snapshot
Figure 55 Hyosung: Company Snapshot
The study involved four major activities to estimate the current size for carbon fiber market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of market segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva were referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.
Primary Research
The carbon fiber market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of various industries such as aerospace & defense, wind energy, automotive, sporting goods, electrical & electronics, civil engineering, pipe & tank, marine, and other industries. The supply side is characterized by advancements in technology and diverse applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total carbon fiber market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the aerospace & defense, wind energy, automotive, sporting goods, electrical & electronics, civil engineering, pipe & tank, marine, and other industries.
Report Objectives
- To define, describe, and forecast the market size of carbon fiber market, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the market on the basis of raw material, product type, fiber type, modulus, application, and end-use industry
- To analyze and forecast the market on the basis of five regions, namely, Europe, North America, APAC, the MEA, and Latin America
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To strategically profile the key players and comprehensively analyze their market share and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of Rest of Europe carbon fiber market
- Further breakdown of Rest of APAC carbon fiber market
- Further breakdown of Rest of Latin American carbon fiber market
- Further breakdown of Rest of MEA carbon fiber market
Company Information
- Detailed analysis and profiling of additional market players (up to 10)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Carbon Fiber Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Carbon Fiber Market
Information on potential use of Linguine as a pre-cursor to carbon fiber.
Interest on carbon fiber market for automotive and aerospace applications specific to aluminum and steel shaft applications.
Report title not mentioned
PAN based Precursor market and CF sizing.
Carbon fibre overall market and specific inter
Information on India Carbon Fiber Market
Interested in rayon-based carbon fibers
Case studies of automotive lightweighting implemented in Ford, GM, Toyota, Suzuki and similar companies
General information on thermoplastic composites, key players and application in North America
General information on thermoplastic composite manufacturing and understand North America thermoplastic composites consumption in Automotive
Incomplete
Advanced Materials including Carbon fiber and carbon nanotubes. Market size, growth rate, manufacturing process. Medical equipment would be the specific interest.
Market information for Carbon fiber and carbon nanotubes - Application, manufacturing process, growth
Carbon Fibre production cost and Crabon Fibre Sales Price for 3K, 6 K and 12K aerospace grade and high strength industrial grade
Specifc information on Carbon Fibre production cost and sales price for different industrial grades
CF and CF components market in Europe