Milled Carbon Fiber Market

Milled Carbon Fiber Market by Fiber Type (Virgin, Recycled), Application (Reinforcements, Coatings & Adhesives), End-Use Industry (Automotive, Electrical & Electronics, Sporting Goods, Aerospace & Defense) & Region - Forecast to 2029

Report Code: CH 9046 Jun, 2024, by marketsandmarkets.com

Updated on : June 20, 2024

Milled Carbon Fiber Market

The global milled carbon fiber market is valued at USD 182 million in 2024 and is projected to reach USD 302 million by 2029, growing at 10.8% cagr from 2024 to 2029. The market is driven by the material's high-performance properties, compatibility with various resin systems, and the growing recycled fiber market. Technological advancements and the development of new applications further expand its usage, while environmental regulations and sustainability goals propel demand across industries. These factors collectively contribute to the robust growth of the milled carbon fiber market, making it a critical component in modern composite materials.

Attractive Opportunities in Milled Carbon Fiber Market Trends

Milled carbon fiber Market

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Milled carbon fiber Market

Milled Carbon Fiber Market Dynamics

Driver: Development of eco-friendly milled carbon fiber from the recycling of carbon fiber composites

The development of eco-friendly milled carbon fiber from the recycling of carbon fiber composites is a significant driver of the milled carbon fiber market. Recycled carbon fiber offers a cost-effective and sustainable alternative to virgin carbon fiber, with properties that are similar in terms of strength, stiffness, and heat resistance. As the demand for sustainable materials continues to rise, the adoption of recycled carbon fibers could lead to a shift in the competitive landscape, with companies focusing on developing innovative recycling technologies and expanding their recycled carbon fiber product portfolios. This shift could potentially impact the overall market size, growth rate, and competitive dynamics of the milled carbon fiber market in the coming years.

Restraint: Competition from low-cost mature products

The competition from low-cost mature products such as E-glass and S-glass fibers is a significant restraint for the milled carbon fiber market. These fibers are well-established and widely used in various applications, making it challenging for milled carbon fibers to gain significant market share. The low cost of these fibers, combined with their established supply chain and manufacturing processes, makes it difficult for milled carbon fibers to compete on price alone. Additionally, the high cost of production and processing of milled carbon fibers compared to these mature products further hinders their adoption.

Opportunity: Rising demand from emerging markets

Emerging markets, particularly in Asia Pacific, are experiencing rapid industrialization and economic development, which is fueling the demand for lightweight and high-performance materials across various industries. rising demand for milled carbon fiber from emerging markets, particularly in the automotive, aerospace, wind energy, sporting goods, and electrical and electronics industries, is a significant driver of growth for the milled carbon fiber market.

Challenge: Lack of availability of composite waste and limited recycling facilities

The milled carbon fiber market faces challenges, including the lack of availability of composite waste and limited recycling facilities. This scarcity of raw materials and recycling infrastructure hinders the growth of the milled carbon fiber market. The availability of composite waste is crucial for the recycling process, and the lack of it limits the supply of recycled carbon fibers. Additionally, the limited recycling facilities in various regions make it difficult to process and recycle the available composite waste efficiently. This scarcity of raw materials and recycling infrastructure creates a significant barrier to the growth of the milled carbon fiber market, particularly in regions where the infrastructure is underdeveloped.

Milled Carbon Fiber Market Ecosystem

Milled carbon fiber Market Ecosystem

Recycled fiber accounted for the largest market share, both in terms of value and volume

Based on fiber type, the milled carbon fiber market has been classified into virgin fiber and recycled fiber. The recycled fiber segment of the milled carbon fiber market had the largest market share in 2023, in terms of value and volume. This segment is a significant contributor to the market, offering properties like corrosion resistance, good electrical conductivity, high modulus, and high strength. Recycled milled carbon fiber finds applications in various industries such as automotive, aerospace, sporting goods, marine, civil engineering, and others. The segment is expected to witness significant growth in both volume and value, reflecting its importance and demand in the market. The use of recycled milled carbon fiber addresses the need for sustainable and eco-friendly materials, driving its adoption across industries and contributing to its dominant position in the milled carbon fiber market.

Reinforcement segment expected to register highest market share of milled carbon fiber market, during forecasted period

Based on application, the milled carbon fiber market has been classified into reinforcements, coatings & adhesives, and other applications. The reinforcements segment is expected to lead the milled carbon fiber market during the forecast period, in terms of value and volume. Driven by the rising demand for high-performance, lightweight materials across various industries. Milled carbon fiber's excellent properties, including a high strength-to-weight ratio, dimensional stability, and electrical conductivity, make it ideal for reinforcing composite applications. In the automotive industry, it aids in reducing vehicle weight, improving fuel efficiency, and enhancing overall performance. Furthermore, its cost-effectiveness, particularly when derived from recycled sources, adds to its appeal. As industries aim to meet stringent environmental regulations and sustainability goals, the demand for eco-friendly materials like recycled milled carbon fiber is on the rise.

Automotive segment is estimated to account for the highest market share in 2023, in milled carbon fiber market.

Based on End-use industry, the milled carbon fiber market has been segmented into automotive, electrical & electronics, sporting goods, aerospace & defence, others.

Milled carbon fiber are pivotal in the automotive segment, particularly in the development of fuel-efficient, durable, and lightweight automotive vehicles. milled carbon fibers are used in the automotive industry for their high performance, lightweight construction, electrical conductivity, multifunctionality, and stable supply. They are used in various components, including brakes, clutches, and housing parts, and offer significant advantages in terms of performance and efficiency.

Europe to hold the largest market share during the forecast period.

The milled carbon fiber market in Europe is experiencing significant growth, driven by increasing demand for lightweight and fuel-efficient automotive vehicles and light aircraft, stringent environmental regulations, and technological advancements in composite materials and manufacturing processes. The strong presence of major autmotive and aerospace players  such as Volkswagen, BMW AG, and Airbus in Europe creates a constant demand for these advanced materials. However, factors like high initial costs and strict regulations can hinder new entrants, but overall, the European milled carbon fiber market enjoys a positive outlook.

Milled carbon fiber Market by Region

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Milled Carbon Fiber Market Players

The milled carbon fiber market is dominated by a few globally established players. Solvay (Belgium), Toray Industries, Inc. (Japan), Mitsubishi Chemical Group Corporation (Japan), Teijin Limited (Japan), SGL Carbon (Germany), Daigas Group (Japan), Stanford Advanced Materials (US), Nippon Graphite Fiber Co., Ltd. (Japan), Easy Composites Ltd (UK), Haufler Composites GmbH & Co. KG (Germany), Procotex (Belgium), among others, are the main producers who entered into significant deals and partnerships recently. Since global requirements are changing, contracts and new product development have received the majority of attention.

These companies are attempting to establish themselves in the milled carbon fiber market by employing a range of inorganic and organic approaches. A thorough competitive analysis of these major milled carbon fiber market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.

Milled Carbon Fiber Market Report Scope

Report Metric

Details

Market size available for years

2022–2029

Base year considered

2023

Forecast period

2024–2029

Units considered

Value (USD Million/Billion), Volume (Tons)

Segments Covered

By Fiber Type, By Application, By End-use Industry and Region

Geographies covered

Europe, North America, Asia Pacific, Latin America, Middle East, and Africa

Companies covered

Toray Industries, Inc. (Japan), Mitsubishi Chemical Group Corporation (Japan), Teijin Limited (Japan), Daigas Group (Japan), Stanford Advanced Materials (US), Nippon Graphite Fiber Co., Ltd. (Japan), Easy Composites Ltd (UK), Haufler Composites GmbH & Co. KG (Germany), Procotex (Belgium), SGL Carbon (Germany), CLM-Pro (Croatia), R&G Faserverbundwerkstoffe GmbH (Germany), Nippon Polymer Sangyo Co., Ltd. (Japan), Tasuns Composite Technology Co., Ltd. (China), Nantong Yongtong Environmental Technology Co., Ltd. (China), Hebei Yayang Spodumene Co., Ltd. (China), K. SAKAI & Co., LTD. (Japan), Elley New Material Co., Ltd. (China), TIANJIN YUFENG CARBON CO., LTD. (China), CARBONFIBER.CZ (Czech Republic), Shenzhen Xiangu High-Tech. Co., Ltd. (China), Hangzhou Impact New Materials Co., Ltd. (China), China Beihai Fiberglass Co., Ltd. (China), Shanghai Shenghe Textile Technology Co., Ltd. (China), ARITECH CHEMAZONE PVT LTD. (India)

The study categorizes the milled carbon fiber market based on by Fiber Type, Application, End-use Industry and Region.

By Fiber Type
  • Virgin Fiber
  • Recycled Fiber
By Application
  • Reinforcements
  • Coatings & Adhesives
  • Others
By End-Use Industry
  • Automotive
  • Electrical & Electronics
  • Sporting Goods
  • Aerospace & Defense
  • Others
By Region:
  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Recent Developments

  • In October 2022, The partnership between Specialty Materials and Toray Advanced Composites will enhance the supply chain by combining Specialty's boron fiber with Toray's domestically produced high-strength intermediate modulus carbon fibers and a range of resin systems from Toray Advanced Composites.
  • In June 2021, Procotex’s acquisition of ELG Carbon Fibre enables the company to produce milled carbon fiber and feedstock in larger capacities.
  • In December 2020, Mitsubishi Chemical Group Corporation combined its subsidiaries in three countries: the US, the UK, and Germany. By sharing and integrating expertise and resources, this integration is expected to enhance cooperation and strengthen overall business capabilities in these three countries. The company plans to improve customer responsiveness and provide solutions in these countries. Nine subsidiaries in the US, five in the UK, and five in Germany were integrated on April 1, 2021.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 INCLUSIONS & EXCLUSIONS
                    FIGURE 1 MILLED CARBON FIBER: MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA 
          FIGURE 2 MILLED CARBON FIBER MARKET: RESEARCH DESIGN
           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 primary participants
                    2.1.2.3 Breakdown of primary interviews
                    2.1.2.4 Key industry insights
    2.2 BASE NUMBER CALCULATION 
           2.2.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
           2.2.2 APPROACH 2: DEMAND-SIDE ANALYSIS
    2.3 RECESSION IMPACT 
    2.4 FORECAST NUMBER CALCULATION 
           2.4.1 SUPPLY SIDE
           2.4.2 DEMAND SIDE
    2.5 MARKET SIZE ESTIMATION 
           2.5.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.5.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.6 DATA TRIANGULATION 
          FIGURE 5 MILLED CARBON FIBER MARKET: DATA TRIANGULATION
    2.7 FACTOR ANALYSIS 
    2.8 RESEARCH ASSUMPTIONS 
    2.9 GROWTH FORECAST 
    2.10 RESEARCH LIMITATIONS 
    2.11 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 43)
    FIGURE 6 RECYCLED FIBER TO DOMINATE MILLED CARBON FIBER MARKET IN 2023
    FIGURE 7 REINFORCEMENTS APPLICATION RECORDED LARGER MARKET SHARE IN 2023
    FIGURE 8 AUTOMOTIVE ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
    FIGURE 9 EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MILLED CARBON FIBER MARKET 
          FIGURE 10 HIGH DEMAND FOR LIGHTWEIGHT MATERIALS TO DRIVE MARKET
    4.2 MILLED CARBON FIBER MARKET, BY APPLICATION AND REGION, 2023 
          FIGURE 11 REINFORCEMENTS APPLICATION AND EUROPE ACCOUNTED FOR LARGEST SHARES IN 2023
    4.3 MILLED CARBON FIBER MARKET, BY FIBER TYPE 
          FIGURE 12 RECYCLED FIBER SEGMENT HELD LARGEST SHARE IN 2023
    4.4 MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY 
          FIGURE 13 AUTOMOTIVE SEGMENT HELD LARGEST SHARE IN 2023
    4.5 MILLED CARBON FIBER MARKET, BY KEY COUNTRY 
          FIGURE 14 US TO DOMINATE MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 15 MILLED CARBON FIBER MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Development of eco-friendly milled carbon fiber from recycling of carbon fiber composites
                    5.2.1.2 Increasing adoption of milled carbon fiber in composite applications
                    5.2.1.3 Growing adoption of recyclable and lightweight milled carbon fibers in automotive industry
           5.2.2 RESTRAINTS
                    5.2.2.1 Competition with low-cost mature products
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Reduction in cost of carbon fibers
                    5.2.3.2 Rising demand from emerging markets
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of availability of composite waste and limited recycling facilities
                    5.2.4.2 High production cost of milled carbon fibers
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 16 MILLED CARBON FIBER MARKET: 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 SUPPLY CHAIN ANALYSIS 
          TABLE 1 MILLED CARBON FIBER MARKET: ROLE OF COMPANIES IN ECOSYSTEM
           5.4.1 RAW MATERIAL
           5.4.2 MANUFACTURING PROCESS
           5.4.3 FINAL PRODUCT
    5.5 ECOSYSTEM/MARKET MAP 
          FIGURE 17 MILLED CARBON FIBER MARKET: KEY STAKEHOLDERS IN ECOSYSTEM
          FIGURE 18 MILLED CARBON FIBER MARKET: ECOSYSTEM
    5.6 PRICING ANALYSIS 
           5.6.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY
                    FIGURE 19 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY
           5.6.2 AVERAGE SELLING PRICE TREND, BY FIBER TYPE
                    FIGURE 20 AVERAGE SELLING PRICE OF MILLED CARBON FIBER, BY FIBER TYPE (USD/KG)
           5.6.3 AVERAGE SELLING PRICE TREND, BY APPLICATION
                    FIGURE 21 AVERAGE SELLING PRICE OF MILLED CARBON FIBER, BY APPLICATION (USD/KG)
           5.6.4 AVERAGE SELLING PRICE TREND, BY REGION
                    TABLE 2 AVERAGE SELLING PRICE TREND, BY REGION
    5.7 VALUE CHAIN ANALYSIS 
           FIGURE 22 MILLED CARBON FIBER MARKET: VALUE CHAIN ANALYSIS
    5.8 TRADE ANALYSIS 
           5.8.1 IMPORT SCENARIO FOR HS CODE 681511
                    FIGURE 23 IMPORT FOR HS CODE 681511, BY KEY COUNTRY, 2022–2023 (USD THOUSAND)
                    TABLE 3 LEADING IMPORTING COUNTRIES FOR HS CODE 681511
           5.8.2 EXPORT SCENARIO FOR HS CODE 681511
                    FIGURE 24 EXPORT FOR HS CODE 681511, BY KEY COUNTRY, 2022–2023 (USD THOUSAND)
                    TABLE 4 LEADING EXPORTING COUNTRIES FOR HS CODE 681511
    5.9 TECHNOLOGY ANALYSIS 
          FIGURE 25 TECHNOLOGY ANALYSIS
           5.9.1 KEY TECHNOLOGY
                    5.9.1.1 Mechanical process
           5.9.2 COMPLEMENTARY TECHNOLOGY
                    5.9.2.1 Thermal recycling process
    5.1 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
                     TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES IN MILLED CARBON FIBER MARKET
           5.10.2 BUYING CRITERIA
                     FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
                     TABLE 6 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES IN MILLED CARBON FIBER MARKET
    5.11 PATENT ANALYSIS 
           5.11.1 INTRODUCTION
           5.11.2 METHODOLOGY
           5.11.3 DOCUMENT TYPES
                     TABLE 7 MILLED CARBON FIBER MARKET: TOTAL NUMBER OF PATENTS
                     FIGURE 28 PATENT ANALYSIS, BY DOCUMENT TYPE
                     FIGURE 29 PATENT PUBLICATION TREND, 2014−2024
           5.11.4 INSIGHTS
           5.11.5 LEGAL STATUS
                     FIGURE 30 MILLED CARBON FIBER MARKET: LEGAL STATUS OF PATENTS
           5.11.6 JURISDICTION ANALYSIS
                     FIGURE 31 CHINESE JURISDICTION REGISTERED HIGHEST NUMBER OF PATENTS
           5.11.7 TOP APPLICANTS
                     FIGURE 32 DALIAN UNIVERSITY OF TECHNOLOGY REGISTERED HIGHEST NUMBER OF PATENTS
                     TABLE 8 LIST OF PATENTS BY DALIAN UNIVERSITY OF TECHNOLOGY
                     TABLE 9 LIST OF PATENTS BY CENTRAL SOUTH UNIVERSITY
           5.11.8 TOP 10 PATENT OWNERS (US) IN LAST 13 YEARS
    5.12 REGULATORY LANDSCAPE 
           5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.13 KEY CONFERENCES AND EVENTS IN 2024–2025 
           TABLE 13 MILLED CARBON FIBER MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
    5.14 CASE STUDY ANALYSIS 
           5.14.1 CASE STUDY: IMPACT OF MILLED CARBON FIBER ON LENOVO THINKPAD X1 SERIES LAPTOPS
    5.15 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 33 REVENUE SHIFT AND NEW REVENUE POCKETS IN MILLED CARBON FIBER MARKET
 
6 MILLED CARBON FIBER MARKET, BY FIBER TYPE (Page No. - 75)
    6.1 INTRODUCTION 
          FIGURE 34 RECYCLED CARBON FIBER TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
          TABLE 14 MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (USD MILLION)
          TABLE 15 MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (TON)
    6.2 VIRGIN FIBER 
           6.2.1 GROWING DEMAND FOR LIGHTWEIGHT AND HIGH-STRENGTH MATERIALS
           6.2.2 VIRGIN FIBER: MILLED CARBON FIBER MARKET, BY REGION
                    TABLE 16 MILLED VIRGIN CARBON FIBER MARKET, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 17 MILLED VIRGIN CARBON FIBER MARKET, BY REGION, 2022–2029 (TON)
    6.3 RECYCLED FIBER 
           6.3.1 SUSTAINABILITY AND COST-EFFECTIVENESS TO DRIVE MARKET
           6.3.2 RECYCLED FIBER: MILLED CARBON FIBER MARKET, BY REGION
                    TABLE 18 MILLED RECYCLED CARBON FIBER MARKET, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 19 MILLED RECYCLED CARBON FIBER MARKET, BY REGION, 2022–2029 (TON)
 
7 MILLED CARBON FIBER MARKET, BY APPLICATION (Page No. - 79)
    7.1 INTRODUCTION 
    7.2 REINFORCEMENTS 
    7.3 COATINGS & ADHESIVES 
    7.4 OTHER APPLICATIONS 
           FIGURE 35 REINFORCEMENTS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
           TABLE 20 MILLED CARBON FIBER MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
           TABLE 21 MILLED CARBON FIBER MARKET, BY APPLICATION, 2022–2029 (TON)
 
8 MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY (Page No. - 82)
    8.1 INTRODUCTION 
           FIGURE 36 AUTOMOTIVE INDUSTRY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 22 MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
           TABLE 23 MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
    8.2 AUTOMOTIVE 
           8.2.1 GROWING DEMAND FOR LIGHTWEIGHT AND HIGH-STRENGTH MATERIALS TO DRIVE MARKET
           8.2.2 AUTOMOTIVE: MILLED CARBON FIBER MARKET, BY REGION
                    TABLE 24 MILLED CARBON FIBER MARKET IN AUTOMOTIVE INDUSTRY, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 25 MILLED CARBON FIBER MARKET IN AUTOMOTIVE INDUSTRY, BY REGION, 2022–2029 (TON)
    8.3 ELECTRICAL & ELECTRONICS 
           8.3.1 IMPROVED ELECTRICAL CONDUCTIVITY OF ELECTRONIC PRODUCTS TO DRIVE MARKET
           8.3.2 ELECTRICAL & ELECTRONICS: MILLED CARBON FIBER MARKET, BY REGION
                    TABLE 26 MILLED CARBON FIBER MARKET IN ELECTRICAL & ELECTRONICS INDUSTRY, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 27 MILLED CARBON FIBER MARKET IN ELECTRICAL & ELECTRONICS INDUSTRY, BY REGION, 2022–2029 (TON)
    8.4 SPORTING GOODS 
           8.4.1 HIGH TENSILE STRENGTH-TO-WEIGHT RATIO TO DRIVE MARKET
           8.4.2 SPORTING GOODS: MILLED CARBON FIBER MARKET, BY REGION
                    TABLE 28 MILLED CARBON FIBER MARKET IN SPORTING GOODS INDUSTRY, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 29 MILLED CARBON FIBER MARKET IN SPORTING GOODS INDUSTRY, BY REGION, 2022–2029 (TON)
    8.5 AEROSPACE & DEFENSE 
           8.5.1 COST-SAVING ADVANTAGES TO DRIVE DEMAND
           8.5.2 AEROSPACE & DEFENSE: MILLED CARBON FIBER MARKET, BY REGION
                    TABLE 30 MILLED CARBON FIBER MARKET IN AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 31 MILLED CARBON FIBER MARKET IN AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2022–2029 (TON)
    8.6 OTHER END-USE INDUSTRIES 
           8.6.1 OTHER END-USE INDUSTRIES: MILLED CARBON FIBER MARKET, BY REGION
                    TABLE 32 MILLED CARBON FIBER MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2022–2029 (USD MILLION)
                    TABLE 33 MILLED CARBON FIBER MARKET IN OTHER END-USE INDUSTRIES, BY REGION, 2022–2029 (TON)
 
9 MILLED CARBON FIBER MARKET, BY REGION (Page No. - 91)
    9.1 INTRODUCTION 
          FIGURE 37 CHINA TO BE FASTEST-GROWING MILLED CARBON FIBER MARKET DURING FORECAST PERIOD
          TABLE 34 MILLED CARBON FIBER MARKET, BY REGION, 2022–2029 (USD MILLION)
          TABLE 35 MILLED CARBON FIBER MARKET, BY REGION, 2022–2029 (TON)
    9.2 NORTH AMERICA 
           9.2.1 RECESSION IMPACT
                    FIGURE 38 NORTH AMERICA: MILLED CARBON FIBER MARKET SNAPSHOT
                    TABLE 36 NORTH AMERICA: MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (USD MILLION)
                    TABLE 37 NORTH AMERICA: MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (TON)
                    TABLE 38 NORTH AMERICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                    TABLE 39 NORTH AMERICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    TABLE 40 NORTH AMERICA: MILLED CARBON FIBER MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                    TABLE 41 NORTH AMERICA: MILLED CARBON FIBER MARKET, BY COUNTRY, 2022–2029 (TON)
                    9.2.1.1 US
                               9.2.1.1.1 Surging demand in automotive sector to drive market
                                              TABLE 42 US: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 43 US: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.2.1.2 Canada
                               9.2.1.2.1 Diverse industrial applications to drive market
                                              TABLE 44 CANADA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 45 CANADA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
    9.3 EUROPE 
           9.3.1 RECESSION IMPACT
                    FIGURE 39 EUROPE: MILLED CARBON FIBER MARKET SNAPSHOT
                    TABLE 46 EUROPE: MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (USD MILLION)
                    TABLE 47 EUROPE: MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (TON)
                    TABLE 48 EUROPE: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                    TABLE 49 EUROPE: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    TABLE 50 EUROPE: MILLED CARBON FIBER MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                    TABLE 51 EUROPE: MILLED CARBON FIBER MARKET, BY COUNTRY, 2022–2029 (TON)
                    9.3.1.1 Germany
                               9.3.1.1.1 Innovation and industrial strength to drive market
                                              TABLE 52 GERMANY: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 53 GERMANY: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.3.1.2 France
                               9.3.1.2.1 Presence of strong manufacturing base to boost market
                                              TABLE 54 FRANCE: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 55 FRANCE: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.3.1.3 UK
                               9.3.1.3.1 Growing demand for sustainable, lightweight, and high-performance materials to drive market
                                              TABLE 56 UK: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 57 UK: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.3.1.4 Spain
                               9.3.1.4.1 Increasing demand for lightweight and durable materials in automotive industry to drive market
                                              TABLE 58 SPAIN: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 59 SPAIN: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.3.1.5 Italy
                               9.3.1.5.1 Advanced manufacturing and innovation to drive market
                                              TABLE 60 ITALY: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 61 ITALY: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.3.1.6 Rest of Europe
                                TABLE 62 REST OF EUROPE: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 63 REST OF EUROPE: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
    9.4 ASIA PACIFIC 
           9.4.1 RECESSION IMPACT
                    FIGURE 40 ASIA PACIFIC: MILLED CARBON FIBER MARKET SNAPSHOT
                    TABLE 64 ASIA PACIFIC: MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (USD MILLION)
                    TABLE 65 ASIA PACIFIC: MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (TON)
                    TABLE 66 ASIA PACIFIC: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                    TABLE 67 ASIA PACIFIC: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    TABLE 68 ASIA PACIFIC: MILLED CARBON FIBER MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                    TABLE 69 ASIA PACIFIC: MILLED CARBON FIBER MARKET, BY COUNTRY, 2022–2029 (TON)
                    9.4.1.1 China
                               9.4.1.1.1 Established value chain and focus of OEMs on manufacturing cost-efficient and lightweight products to drive market
                                               TABLE 70 CHINA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                               TABLE 71 CHINA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.4.1.2 Japan
                               9.4.1.2.1 High demand from OEMs to drive market
                                               TABLE 72 JAPAN: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                               TABLE 73 JAPAN: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.4.1.3 Taiwan
                               9.4.1.3.1 Development of economic zones and government support to drive market
                                               TABLE 74 TAIWAN: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                               TABLE 75 TAIWAN: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.4.1.4 South Korea
                               9.4.1.4.1 Surging demand from automotive and electrical & electronics industries to drive market
                                               TABLE 76 SOUTH KOREA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                               TABLE 77 SOUTH KOREA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.4.1.5 Rest of Asia Pacific
                                TABLE 78 REST OF ASIA PACIFIC: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 79 REST OF ASIA PACIFIC: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
    9.5 LATIN AMERICA 
           9.5.1 RECESSION IMPACT
                    TABLE 80 LATIN AMERICA: MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (USD MILLION)
                    TABLE 81 LATIN AMERICA: MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (TON)
                    TABLE 82 LATIN AMERICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                    TABLE 83 LATIN AMERICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    TABLE 84 LATIN AMERICA: MILLED CARBON FIBER MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                    TABLE 85 LATIN AMERICA: MILLED CARBON FIBER MARKET, BY COUNTRY, 2022–2029 (TON)
                    9.5.1.1 Brazil
                               9.5.1.1.1 Growth of automotive industry to drive market
                                              TABLE 86 BRAZIL: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 87 BRAZIL: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.5.1.2 Mexico
                               9.5.1.2.1 Lower manufacturing costs, proximity to OEMs in US, and duty-free access to key automotive markets to drive market
                                              TABLE 88 MEXICO: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 89 MEXICO: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TONS)
                    9.5.1.3 Rest of Latin America
                                TABLE 90 REST OF LATIN AMERICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 91 REST OF LATIN AMERICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
    9.6 MIDDLE EAST & AFRICA 
           9.6.1 RECESSION IMPACT
                    TABLE 92 MIDDLE EAST & AFRICA: MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (USD MILLION)
                    TABLE 93 MIDDLE EAST & AFRICA: MILLED CARBON FIBER MARKET, BY FIBER TYPE, 2022–2029 (TON)
                    TABLE 94 MIDDLE EAST & AFRICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                    TABLE 95 MIDDLE EAST AND AFRICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    TABLE 96 MIDDLE EAST & AFRICA: MILLED CARBON FIBER MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                    TABLE 97 MIDDLE EAST & AFRICA: MILLED CARBON FIBER MARKET, BY COUNTRY, 2022–2029 (TON)
                    9.6.1.1 GCC countries
                               9.6.1.1.1 UAE
                                              TABLE 98 UAE: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 99 UAE: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                               9.6.1.1.2 Saudi Arabia
                                              TABLE 100 SAUDI ARABIA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 101 SAUDI ARABIA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                               9.6.1.1.3 Rest of GCC countries
                                              TABLE 102 REST OF GCC COUNTRIES: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 103 REST OF GCC COUNTRIES: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.6.1.2 South Africa
                               9.6.1.2.1 Local and international investments to boost market
                                              TABLE 104 SOUTH AFRICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                              TABLE 105 SOUTH AFRICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
                    9.6.1.3 Rest of Middle East & Africa
                                TABLE 106 REST OF MIDDLE EAST & AFRICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 107 REST OF MIDDLE EAST & AFRICA: MILLED CARBON FIBER MARKET, BY END-USE INDUSTRY, 2022–2029 (TON)
 
10 COMPETITIVE LANDSCAPE (Page No. - 130)
     10.1 OVERVIEW 
     10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             TABLE 108 STRATEGIES ADOPTED BY MILLED CARBON FIBER MANUFACTURERS
     10.3 REVENUE ANALYSIS 
             FIGURE 41 MILLED CARBON FIBER MARKET: REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
     10.4 MARKET SHARE ANALYSIS 
             FIGURE 42 SHARES OF KEY PLAYERS IN MILLED CARBON FIBER MARKET
             TABLE 109 DEGREE OF COMPETITION: MILLED CARBON FIBER MARKET
             10.4.1 MARKET RANKING ANALYSIS
                        FIGURE 43 RANKING OF TOP FIVE PLAYERS IN MILLED CARBON FIBER MARKET
     10.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 
             FIGURE 44 MILLED CARBON FIBER MARKET: TOP TRENDING BRANDS/PRODUCTS
             10.5.1 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY MILLED CARBON FIBER PRODUCTS
                        FIGURE 45 BRAND/PRODUCT COMPARATIVE ANALYSIS, BY MILLED CARBON FIBER PRODUCTS
     10.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             10.6.1 STARS
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE PLAYERS
             10.6.4 PARTICIPANTS
                       FIGURE 46 MILLED CARBON FIBER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
             10.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                        10.6.5.1 Company footprint
                                      FIGURE 47 MILLED CARBON FIBER MARKET: COMPANY FOOTPRINT (10 COMPANIES)
                        10.6.5.2 Fiber type footprint
                                      TABLE 110 MILLED CARBON FIBER MARKET: FIBER TYPE FOOTPRINT (10 COMPANIES)
                        10.6.5.3 Application footprint
                                      TABLE 111 MILLED CARBON FIBER MARKET: APPLICATION FOOTPRINT (10 COMPANIES)
                        10.6.5.4 End-use industry footprint
                                      TABLE 112 MILLED CARBON FIBER MARKET: END-USE INDUSTRY FOOTPRINT (10 COMPANIES)
                        10.6.5.5 Region footprint
                                      TABLE 113 MILLED CARBON FIBER MARKET: REGION FOOTPRINT (10 COMPANIES)
     10.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 DYNAMIC COMPANIES
             10.7.4 STARTING BLOCKS
                       FIGURE 48 MILLED CARBON FIBER MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
             10.7.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
                        TABLE 114 MILLED CARBON FIBER MARKET: KEY STARTUPS/SMES
                        TABLE 115 MILLED CARBON FIBER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.8 VALUATION AND FINANCIAL METRICS OF MILLED CARBON FIBER VENDORS 
             FIGURE 49 MILLED CARBON FIBER MARKET: EV/EBITDA OF KEY VENDORS
             FIGURE 50 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS
     10.9 COMPETITIVE SCENARIO AND TRENDS 
             10.9.1 PRODUCT LAUNCHES
                        TABLE 116 MILLED CARBON FIBER MARKET: PRODUCT LAUNCHES, JANUARY 2018–APRIL 2024
             10.9.2 DEALS
                        TABLE 117 MILLED CARBON FIBER MARKET: DEALS, JANUARY 2018–APRIL 2024
             10.9.3 EXPANSIONS
                        TABLE 118 MILLED CARBON FIBER MARKET: EXPANSIONS, JANUARY 2018–APRIL 2024
 
11 COMPANY PROFILES (Page No. - 150)
(Business overview, Products/Solutions/Services offered, Recent Developments, Product launches, Deals, Expansions, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *
     11.1 KEY COMPANIES 
             11.1.1 TORAY INDUSTRIES, INC.
                        TABLE 119 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW
                        FIGURE 51 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
                        TABLE 120 TORAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 121 TORAY INDUSTRIES, INC.: PRODUCT LAUNCHES
                        TABLE 122 TORAY INDUSTRIES, INC.: DEALS
                        TABLE 123 TORAY INDUSTRIES, INC.: EXPANSIONS
             11.1.2 TEIJIN LIMITED
                        TABLE 124 TEIJIN LIMITED: COMPANY OVERVIEW
                        FIGURE 52 TEIJIN LIMITED: COMPANY SNAPSHOT
                        TABLE 125 TEIJIN LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 126 TEIJIN LIMITED: DEALS
             11.1.3 SGL CARBON
                        TABLE 127 SGL CARBON: COMPANY OVERVIEW
                        FIGURE 53 SGL CARBON: COMPANY SNAPSHOT
                        TABLE 128 SGL CARBON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 129 SGL CARBON: EXPANSIONS
             11.1.4 MITSUBISHI CHEMICAL GROUP CORPORATION
                        TABLE 130 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY OVERVIEW
                        FIGURE 54 MITSUBISHI CHEMICAL GROUP CORPORATION: COMPANY SNAPSHOT
                        TABLE 131 MITSUBISHI CHEMICAL GROUP CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 132 MITSUBISHI CHEMICAL GROUP CORPORATION: DEALS
             11.1.5 DAIGAS GROUP
                        TABLE 133 DAIGAS GROUP: COMPANY OVERVIEW
                        FIGURE 55 DAIGAS GROUP: COMPANY SNAPSHOT
                        TABLE 134 DAIGAS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.6 STANFORD ADVANCED MATERIALS
                        TABLE 135 STANFORD ADVANCED MATERIALS: COMPANY OVERVIEW
                        TABLE 136 STANFORD ADVANCED MATERIALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.7 NIPPON GRAPHITE FIBER CO., LTD.
                        TABLE 137 NIPPON GRAPHITE FIBER CO., LTD.: COMPANY OVERVIEW
                        TABLE 138 NIPPON GRAPHITE FIBER CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.8 EASY COMPOSITES LTD
                        TABLE 139 EASY COMPOSITES LTD: COMPANY OVERVIEW
                        TABLE 140 EASY COMPOSITES LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 141 EASY COMPOSITES LTD: EXPANSIONS
             11.1.9 HAUFLER COMPOSITES GMBH & CO. KG
                        TABLE 142 HAUFLER COMPOSITES GMBH & CO. KG: COMPANY OVERVIEW
                        TABLE 143 HAUFLER COMPOSITES GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.10 PROCOTEX
                        TABLE 144 PROCOTEX: COMPANY OVERVIEW
                        TABLE 145 PROCOTEX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 146 PROCOTEX: DEALS
                        TABLE 147 PROCOTEX: EXPANSIONS
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, Product launches, Deals, Expansions, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
     11.2 OTHER PLAYERS 
             11.2.1 CLM-PRO
                        TABLE 148 CLM-PRO: COMPANY OVERVIEW
             11.2.2 R&G FASERVERBUNDWERKSTOFFE GMBH
                        TABLE 149 R&G FASERVERBUNDWERKSTOFFE GMBH: COMPANY OVERVIEW
             11.2.3 NIPPON POLYMER SANGYO CO., LTD.
                        TABLE 150 NIPPON POLYMER SANGYO CO., LTD.: COMPANY OVERVIEW
             11.2.4 TASUNS COMPOSITE TECHNOLOGY CO., LTD.
                        TABLE 151 TASUNS COMPOSITE TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             11.2.5 NANTONG YONGTONG ENVIRONMENTAL TECHNOLOGY CO., LTD.
                        TABLE 152 NANTONG YONGTONG ENVIRONMENTAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             11.2.6 HEBEI YAYANG SPODUMENE CO., LTD.
                        TABLE 153 HEBEI YAYANG SPODUMENE CO., LTD.: COMPANY OVERVIEW
             11.2.7 K. SAKAI & CO., LTD.
                        TABLE 154 K. SAKAI & CO., LTD.: COMPANY OVERVIEW
             11.2.8 ELLEY NEW MATERIAL CO., LTD.
                        TABLE 155 ELLEY NEW MATERIAL CO., LTD.: COMPANY OVERVIEW
             11.2.9 TIANJIN YUFENG CARBON CO., LTD.
                        TABLE 156 TIANJIN YUFENG CARBON CO., LTD.: COMPANY OVERVIEW
             11.2.10 CARBONFIBER.CZ
                        TABLE 157 CARBONFIBER.CZ: COMPANY OVERVIEW
             11.2.11 SHENZHEN XIANGU HIGH-TECH. CO., LTD.
                        TABLE 158 SHENZHEN XIANGU HIGH-TECH. CO., LTD.: COMPANY OVERVIEW
             11.2.12 HANGZHOU IMPACT NEW MATERIALS CO., LTD.
                        TABLE 159 HANGZHOU IMPACT NEW MATERIALS CO., LTD.: COMPANY OVERVIEW
             11.2.13 CHINA BEIHAI FIBERGLASS CO., LTD.
                        TABLE 160 CHINA BEIHAI FIBERGLASS CO., LTD.: COMPANY OVERVIEW
             11.2.14 SHANGHAI SHENGHE TEXTILE TECHNOLOGY CO., LTD.
                        TABLE 161 SHANGHAI SHENGHE TEXTILE TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             11.2.15 ARITECH CHEMAZONE PVT LTD.
                        TABLE 162 ARITECH CHEMAZONE PVT LTD.: COMPANY OVERVIEW
 
12 APPENDIX (Page No. - 187)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 

The study involves two major activities in estimating the current market size for the milled carbon fiber market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering milled carbon fiber and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the milled carbon fiber market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the milled carbon fiber  market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from milled carbon fiber industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to fiber type, application, end-use industry and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using milled carbon fiber  were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of milled carbon fiber  products and future outlook of their business which will affect the overall market.

The Breakup of Primary Research:

Milled carbon fiber Market Size, and Share

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

Market Size Estimation

The research methodology used to estimate the size of the milled carbon fiber market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in milled carbon fiber products in different applications at a regional level. Such procurements provide information on the demand aspects of the milled carbon fiber industry for each application. For each application, all possible segments of the milled carbon fiber market were integrated and mapped.

Milled carbon fiber Market Size: Botton Up Approach

Milled carbon fiber Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Milled carbon fiber Market Size: Top-Down Approach

Milled carbon fiber Market Size, and Share

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Milled carbon fibers are made up of carbon fiber strands, virgin or recycled, that have been milled into very short, powdery fibers. Despite their short and variable size, individual fibers have a high aspect ratio, which provides superior mechanical and electrical properties to polymer compounds. Milled fibers provide a better level of reinforcement to thermoplastics and thermosetting resins, higher heat/abrasion resistance, and higher electric conductivity than unreinforced polymers.

Milled carbon fiber consists of carbon fiber filaments that are shorter than chopped carbon fiber, typically 1 mm or less in length. Milled carbon fibers are made by pulverizing polyacrylonitrile (PAN) and mesophase pitch carbon fibers using various methods, including mechanical grinding, melt blowing, and ball milling. They are short, lightweight, and strong fibers that are used to reinforce composites. These fibers are used in a wide range of industries, including electronics, sporting goods, and automotive. They can be added to casting resins, tooling resins, thermoplastics, paints, adhesives, and coatings to increase tensile strength, dimensional stability, and electrical conductivity.

Key Stakeholders

  • Milled carbon fiber manufacturers
  • Automotive manufacturers
  • Universities, governments, and research organizations
  • Milled carbon fiber and composite associations and industrial bodies
  • Research and consulting firms
  • R&D institutions
  • Environmental support agencies
  • Investment banks and private equity firms

Report Objectives

  • To define, describe, and forecast the milled carbon fiber market size in terms of volume and value
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing market growth
  • To analyze and project the global milled carbon fiber market by fiber type, application, End-use industry and region
  • To forecast the market size concerning five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, and analyze the significant region-specific trends
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions of the submarkets to the overall market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To assess recent market developments and competitive strategies, such as agreements, contracts, acquisitions, and new product developments/new product launches, to draw the competitive landscape
  • To strategically profile the key market players and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers following customizations for this market report:

  • Additional country-level analysis of the milled carbon fiber market

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company's market
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 9046
Published ON
Jun, 2024
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