Carbon Fiber Market by Raw Material (PAN Based Carbon Fiber, Pitch), by Fiber Type (Virgin Carbon Fiber, Recycled), by Application (Composite, Non-Composite), by End-use (Automotive, Construction), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) – Global Forecast 2020 to 2027

Carbon Fiber Market - Global Industry Analysis and Forecast 2020 to 2027

Carbon Fiber Market: Summary

The Global Carbon Fiber Market is projected to reach a value of over USD 10 billion by 2027 at a CAGR of around 10.8%.

Carbon fiber is a compound of carbon atoms bonded together to form a long chain, and they are also known as graphite fiber. They are extremely stiff, strong and light-weight owing to which it is preferred by designers and engineers for manufacturing. Moreover, it can also be applied to existing composite materials as reinforcement and corrosion-resistant. It also can be used to reinforce the existing structure without standing out like bulky support beams and pillars. 

Carbon Fiber Market

Carbon Fiber Market: Drivers & Challenges

Market Driver:

  • Rising demand from Aerospace Industries

The rise in the manufacturing of aircraft is one of the key drivers for the carbon fiber market. According to the International Air Transport Association, the global aviation industry generated approximately USD 2.7 trillion in 2018. This is attributed to the increasing passenger fleet on the backdrop of a rise in international tourism as well as business trips. The rise in disposable income of the consumers is a vital factor supporting the demand for aircraft manufacturing. According to the Boeing Market Outlook, there will be a rising requirement for 44,040 new jets and related services by 2018. This will result in increased manufacturing of aircraft and aircraft components, which in turn, will drive the global aerospace valves market.

Market Opportunity:

  • Use of Carbon Fiber in 3D Printing

3D printing technology is a process of printing a 3D object from the digital model by stacking thin materials. This technique is used in various industries as it can build several objects in a shorter time span. Owing properties offered by carbon fiber such as higher strength and rigidity as compared other metallic materials it is being used in 3D printing. 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 transform the carbon fiber manufacturing process and will offer significant opportunities for market players.

Carbon Fiber Market: Key Segments

  • Segmentation based on raw material: PAN Based Carbon Fiber, Pitch Based Carbon Fiber, and Rayon Based Carbon Fiber.
  • Segmentation based on fiber type: Virgin Carbon Fiber, and Recycled Carbon Fiber.
  • Segmentation based on product type: Continuous Carbon Fiber, Long Carbon Fiber, and Short Carbon Fiber.
  • Segmentation based on application: Composite and Non-composite.
  • Segmentation based on end-use: Aerospace & Defense, Automotive, Wind Turbine, Sport Equipments, Construction, and Others.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Carbon Fiber Market: Report Scope

The report on the Carbon Fiber market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (kilotons)

Segments Included

Raw Material, Fiber Type, Product Type, Application, End-use and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • TORAY INDUSTRIES, INC. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • SGL Carbon
  • TEIJIN LIMITED
  • Mitsubishi Chemical Carbon Fiber and Composites, Inc.
  • Hexcel Corporation
  • Formosa Korea
  • Solvay
  • JEC Group       
  • Dowaksa
  • Taekwang Industrial Co., Ltd
  • HYOSUNG  ADVANCED  MATERIALS
  • KUREHA CORPORATION
  • Nippon Graphite Fiber Co., Ltd.
  • ELG Carbon Fibre Ltd
  • Umatex
  • Other Key Companies

Carbon Fiber Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Carbon Fiber Market, by Raw Material

  • PAN Based Carbon Fiber
  • Pitch Based Carbon Fiber
  • Rayon Based Carbon Fiber

Carbon Fiber Market, by Fiber Type

  • Virgin Carbon Fiber
  • Recycled Carbon Fiber

Carbon Fiber Market, by Product Type

  • Continuous Carbon Fiber
  • Long Carbon Fiber
  • Short Carbon Fiber

Carbon Fiber Market, by Application

  • Composite
  • Non-composite

Carbon Fiber Market, by End-Use

  • Aerospace & Defense
  • Automotive
  • Wind Turbine
  • Sport Equipments
  • Construction
  • Others

Carbon Fiber Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Carbon Fiber Market Providers
  • Carbon Fiber Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Carbon Fiber Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE CARBON FIBER MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising demand from Aerospace Industries
      2. Adoption of New Technologies & Agreements amongst players in automotive industry
    3. Restraint
      1. Higher Cost of Carbon Fiber
    4. Opportunities
      1. Use of Carbon Fiber in 3D Printing
    5. Challenges
      1. Producing Low Cost Carbon Fiber
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL CARBON FIBER MARKET BY RAW MATERIAL, Market Size in USD Million (2019-2027) & Volume (Kilotons)
    1. Introduction
    2. PAN Based Carbon Fiber
    3. Pitch Based Carbon Fiber
    4. Rayon Based Carbon Fiber
  7. GLOBAL CARBON FIBER MARKET BY FIBER TYPE, Market Size in USD Million (2019-2027) & Volume (Kilotons)
    1. Introduction
    2. Virgin Carbon Fiber
    3. Recycled Carbon Fiber
  8. GLOBAL CARBON FIBER MARKET BY PRODUCT TYPE, Market Size in USD Million (2019-2027) & Volume (Kilotons)
    1. Introduction
    2. Continuous Carbon Fiber
    3. Long Carbon Fiber
    4. Short Carbon Fiber
  9. GLOBAL CARBON FIBER MARKET BY APPLICATION, Market Size in USD Million (2019-2027) & Volume (Kilotons)
    1. Introduction
    2. Composite
    3. Non-composite 
  10. GLOBAL CARBON FIBER MARKET BY END-USE, Market Size in USD Million (2019-2027) & Volume (Kilotons)
    1. Introduction
    2. Aerospace & Defense
    3. Automotive
    4. Wind Turbine
    5. Sport Equipment
    6. Construction
    7. Others
  11. GLOBAL CARBON FIBER MARKET BY REGION, Market Size in USD Million (2019-2027) & Volume (Kilotons)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  12. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  13. COMPANY PROFILES
    1. TORAY INDUSTRIES, INC.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. SGL Carbon
    3. TEIJIN LIMITED
    4. Mitsubishi Chemical Carbon Fiber and Composites, Inc.
    5. Hexcel Corporation
    6. Formosa Korea
    7. Solvay
    8. JEC Group
    9. Dowaksa
    10. Taekwang Industrial Co., Ltd
    11. HYOSUNG  ADVANCED  MATERIALS
    12. KUREHA CORPORATION
    13. Nippon Graphite Fiber Co., Ltd.
    14. ELG Carbon Fibre Ltd
    15. Umatex
    16. Other Key Companies
  14. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : CM 092

Published : July, 2020


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