Carbon Fiber Market

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

Report Code: AD 1611 Sep, 2019, by marketsandmarkets.com

[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.

Carbon Fiber Market

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.

Carbon Fiber Market

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 (Sγo 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.

Carbon Fiber Market

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
On the basis of Modulus, the carbon fiber market has been segmented as follows:
  • Standard modulus
  • gIntermediate modulus
  • High modulus
On the basis of Application, the carbon fiber market has been segmented as follows:
  • Composite
  • Non-composite
On the basis of End-use Industry, the carbon fiber market has been segmented as follows:
  • 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)
On the basis of Region, the carbon fiber market has been segmented as follows:
  • 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:

Carbon Fiber Market

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)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Carbon Fiber Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Carbon Fiber Market

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Published ON
Sep, 2019
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