Carbon Fiber Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Raw Material (PAN , Pitch); End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, Others)

Publication Month: Mar 2021 | Report Code: TIPRE00002830 | No. of Pages: 159 | Category: Chemicals and Materials | Status: Published

Covid
Assesing the covid-19 impact?
Get the Latest COVID-19 Analysis on this market
Request Now
Happy to join you in your fight against the COVID-19 economic pandemic!

The carbon fiber market was valued at US$ 3,060.37 million in 2019 and is projected to reach US$ 6,838.67 million by 2027; it is expected to grow at a CAGR of 10.7% from 2020 to 2027.

 

Carbon fibers are long thin strands with a diameter of ~0.005–0.01 mm. These fibers provide high strength to vessels or systems in which they are incorporated, which helps prevent the explosions of gas storage systems. They provide high tensile strength along with high-temperature tolerance and durability to the final products. Carbon fibers exhibit excellent corrosion resistance, higher stiffness and strength, and longer lifespans than other materials, such as aluminum and steel. Hence, these fibers find their application in broad end-use industries. They are rigid and chemically inert, which makes them difficult to compress and stretch.

 

In 2019, Asia Pacific held the largest share of the carbon fiber market, and it is estimated to register the fastest CAGR in the market during the forecast period. The market growth is primarily attributed to the presence of major manufacturers such as Toray Industries, Inc., SGL Group, Hexcel Corporation, and Mitsubishi Chemical Corporation in the region. It is also ascribed to the rising production carbon fibers. Moreover, strict environmental regulations also promote the use of carbon-based composites in the region. Developments in automotive, aerospace & defense, construction and other sectors further propels the growth of the carbon fibers market.

 

The COVID-19 pandemic first began in Wuhan (China) in December 2019. As of February 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst-affected countries in terms of confirmed cases and deaths. The pandemic has affected economies and industries in various countries due to government-imposed lockdowns and travel bans, and business shutdowns. Chemical and materials is one of the major industries suffering serious disruptions in the form of supply chain breaks, technology events cancellations, office shutdowns, etc. The shutdown of various plants and factories in regions such as North America, Europe, Asia Pacific, South America, and the Middle East and Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are affective the chemical and materials industry activities and thus are restraining the growth of various markets related to this industry..

 

Geography Overview of Carbon Fiber Market

Geography Overview of Carbon Fiber Market

Get more information on this report :


 

Market Insights

 

Rising Demands from Automotive and Aerospace Applications Drives Carbon Fiber Market Growth

Automotive manufacturers are demanding new and innovative high-quality and high-performance materials for producing automotive components. Carbon fiber is considered as one of the most suitable materials for lightweight automobile parts. Moreover, the carbon-fiber-reinforced composites are used as the essential materials to substitute body and other parts in an automobile. The use of carbon fiber in the automobile industry has improved brake, steering, durability, and high fuel efficiency, leading to reduction in energy consumption and carbon dioxide emission. Leading automotive manufacturers are using carbon fibers in the manufacturing of different vehicle components. For instance, the Airbus A350 is 52% carbon fiber-reinforced polymer (CFRP), and the BMW i3 has mostly CFRP chassis. Carbon fiber is also used in high-end bike frames, tennis rackets, and surfboards.

 

Carbon fibers confer high modulus and specific strength, fatigue strength, stiffness, and pressure-withstanding capacity; lower thermal expansion coefficient; corrosion resistance; and other beneficial properties. On the back of these features, they are being widely used in the automotive and other industrial applications. These fibers are widely preferred over aluminum and steel. Also, the rising demands of lightweight materials, along with government initiatives to reduce the harmful gas emissions and increase fuel efficiency, is expected to drive the market for carbon fiber in automotive applications. The carbon fibers are widely used for transporting and storing liquefied and compressed natural gas in automotive applications, with major demands from North America, Europe, and APAC. In the aerospace industry, carbon fiber is highly used to leverage its properties such as high chemical resistance, tensile strength, and stiffness; and low thermal expansion and weight properties. It is used in designing, assembling, and manufacturing various types of aircraft. Over the past few years, the aerospace industry has moved from aluminum to carbon fibers for the construction of the aircraft. Further, carbon fiber aircraft consume less fuel due to their low weight; this would also allow them to cover long distances in the available fuel.

 

Raw Material Insights

The carbon fiber market, by raw material, is segmented into PAN and pitch. The PAN segment led the carbon fiber market with a larger share in 2019. Polyacrylonitrile, i.e., PAN, contains ~68% of carbon and is one of the most widely used precursors in carbon fiber manufacturing. PAN is manufactured by polymerizing acrylonitrile (AN) using inhibitory azo compounds and peroxides. Suspension polymerization and solution polymerization are the two major types of the polymerization process. The solution polymerization is a preferred method as the PAN solution produced can be directly used as a fiber spinning dope after removing the unreacted monomers. The most common solvents used in this process are sodium thiocyanate, zinc chloride, and dimethyl sulfoxide.  To produce PAN with higher molecular weights, the solvent needs to have a low chain transfer coefficient. On the other hand, the suspension polymerization method is used to achieve PAN with linear polymers and higher molecular weights. The molecular weight of PAN used for spinning usually ranges from 70–260k, with the polydispersity index of ~1.5–3.0. The PAN polymerization is run either as a continuous process or as a batch process. A continuous process is used to produce the polymer with relatively wide molecular weight distribution, whereas a continuous process is used in large-scale production processes.. The rising demand for carbon fibers in the industrial applications has led to an upsurge in the manufacturing of PAN.

 

Carbon Fiber Market, by End Use Industry – 2019 and 2027

Carbon Fiber Market, by End Use Industry – 2019 and 2027

Get more information on this report :


 

End Use Industry Insights

By end use industry, the global carbon fiber market is segmented into automotive, aerospace and defense, construction, sporting goods, wind energy, and others. The aerospace and defense segment led the carbon fiber market with the largest share in 2019. The development and use of carbon fibers have revolutionized the aerospace and defense industries. The carbon fiber composite materials contribute to the high-performance and lightweight features of aircraft, which help the manufacturers in meeting rigorous industry standards. They also help in reduce fuel consumption of aircraft and vehicles. The carbon fiber composites also provide durability and toughness to the aircraft. They help in providing improved fatigue resistance and help in decreasing the maintenance cost of the aircraft. On the back of the high modulus of carbon fiber composite, these fiber exhibit high potential to replace the alloys such as titanium and aluminum. They also provide advantages such low thermal expansion, high corrosion resistance, low microwave and radar absorption, and greater stiffness to weight ratio. These properties of the carbon fiber composites have encouraged their use in the manufacturing of seats, wing assemblies, propellers, and helicopter robot plates.

 

Strategic Insights

Key players operating in the global carbon fiber market are Toray Industries, Inc.; SGL Group; Solvay; and Hexcel Corporation. Major players in the carbon fiber market are focused on strategies such as mergers and acquisitions, and product launches to expand their geographic presence and consumer base. For instance, in 2019, Hyosung Corporation and Saudi Aramco announced to develop a carbon fiber manufacturing plants in South Korea and Saudi Arabia.

 

Report Spotlights

  • Progressive industry trends in the global carbon fiber market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the market from 2017 to 2027
  • Estimation of the demand for carbon fiber across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and the demand for carbon fiber
  • Market trends and outlook coupled with factors driving and restraining the growth of the carbon fiber market
  • Decision-making process by understanding strategies that underpin commercial interest about global carbon fiber market growth
  • Carbon Fiber market size at various nodes of market
  • Detailed overview and segmentation of the global carbon fiber market as well as its dynamics in the industry
  • Carbon fiber market size in various regions with promising growth opportunities

Carbon Fiber Market, by Raw Material

  • PAN
  • Pitch

Carbon Fiber Market, by End Use Industry

  • Automotive
  • Aerospace and Defense
  • Construction
  • Sporting Goods
  • Wind Energy
  • Others

 

Company Profiles

  • DowAksa
  • Formosa Plastics Corporation
  • Hexcel Corporation
  • Hyosung Corporation
  • Kureha Corporation
  • Mitsubishi Chemical Corporation
  • SGL Carbon
  • Solvay
  • Teijin Limited
  • Toray Industries, Inc.

 

1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        Carbon Fiber Market, by Raw Material

1.3.2        Carbon Fiber Market, by End Use Industry

1.3.3        Carbon Fiber Market, by Geography

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Carbon Fiber Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        PEST Analysis: North American Carbon Fiber Market

4.2.2        PEST Analysis: Europe Carbon Fiber Market

4.2.3        PEST Analysis: APAC Carbon Fiber Market

4.2.4        PEST Analysis: RoW Carbon Fiber Market

4.3       Expert Opinions

5.             Carbon Fiber Market – Key Industry Dynamics

5.1       Key Market Drivers

5.1.1        Rising demands from automotive and aerospace applications

5.1.2        Increasing usage of carbon fiber in wind energy industry

5.2       Key Market Restraints

5.2.1        High costs and other disadvantages associated with carbon fibers

5.3       Key Market Opportunities

5.3.1        Increasing usage of carbon fiber in the sporting goods industry

5.4       Key Future Trends

5.4.1        Increasing use of carbon in 3D printing

5.5       Impact Analysis

6.             Carbon Fiber– Global Market Analysis

6.1       Global Carbon Fiber Market Overview

6.2       Global Carbon Fiber Market Forecast And Analysis

6.3       Market Positioning – Global Market Players Ranking

7.             Global Carbon Fiber Market Analysis – by Raw Material

7.1       Overview

7.2       Global Carbon Fiber Market Breakdown, By Raw Material, 2019 & 2027

7.3       Polyacrylonitrile (PAN)

7.3.1        Overview

7.3.2        Global PAN Market Revenue Forecasts to 2027 (US$ Mn)

7.4       Pitch

7.4.1        Overview

7.4.2        Global Pitch Market Revenue Forecasts to 2027 (US$ Mn)

8.             Global Carbon Fiber Market Analysis – By End-Use Industry

8.1       Overview

8.2       Global Carbon Fiber Market Breakdown, By End-Use Industry, 2019 & 2027

8.3       Automotive

8.3.1        Overview

8.3.2        Global Automotive Market Revenue and Forecasts to 2027 (US$ MN)

8.4       Aerospace and Defense

8.4.1        Overview

8.4.2        Global Aerospace and Defense Revenue And Forecasts to 2027 (US$ MN)

8.5       Construction

8.5.1        Overview

8.5.2        Global Construction Revenue and Forecasts to 2027 (US$ MN)

8.6       Sporting Goods

8.6.1        Overview

8.6.2        Global Sporting Goods Revenue and Forecasts to 2027 (US$ MN)

8.7       Wind Energy

8.7.1        Overview

8.7.2        Global Wind Energy Revenue and Forecasts to 2027 (US$ MN)

8.8       Others

8.8.1        Overview

8.8.2        Global Others Revenue and Forecasts to 2027 (US$ MN)

9.             Geographic Analysis Of Carbon Fiber Market

9.1       Overview

9.2       North America Carbon Fiber Market Revenue And Forecasts To 2027

9.2.1        North American Carbon Fiber Market Revenue and Forecasts to 2027 (US$ Mn)

9.2.2        North America Carbon Fiber Market Breakdown by Raw Material

9.2.3        North American Carbon Fiber Market Breakdown by End Use Industry

9.2.4        North American Carbon Fiber Market Breakdown, by Key Country

9.2.4.1      US Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.2.4.1.1       US Carbon Fiber Market Breakdown by Raw Material

9.2.4.1.2       US Carbon Fiber Market Breakdown by End Use Industry

9.2.4.2      Canada Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.2.4.2.1       Canada Carbon Fiber Market Breakdown by Raw Material

9.2.4.2.2       Canada Carbon Fiber Market Breakdown by End Use Industry

9.2.4.3      Mexico Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.2.4.3.1       Mexico Carbon Fiber Market Breakdown by Raw Material

9.2.4.3.2       Mexico Carbon Fiber Market Breakdown by End Use Industry

9.3       European Carbon Fiber Market Revenue And Forecasts To 2027

9.3.1        Europe Carbon Fiber Market Revenue and Forecasts to 2027 (US$ Mn)

9.3.2        Europe Carbon Fiber Market Breakdown by Raw Material

9.3.3        Europe Carbon Fiber Market Breakdown by End Use Industry

9.3.4        European Carbon Fiber Market Breakdown, by Country

9.3.4.1      Germany Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.3.4.1.1       Germany Carbon Fiber Market Breakdown by Raw Material

9.3.4.1.2       Germany Carbon Fiber Market Breakdown by End Use Industry

9.3.4.2      UK Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.3.4.2.1       UK Carbon Fiber Market Breakdown by Raw Material

9.3.4.2.2       UK Carbon Fiber Market Breakdown by End Use Industry

9.3.4.3      France Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.3.4.3.1       France Carbon Fiber Market Breakdown by Raw Material

9.3.4.3.2       France Carbon Fiber Market Breakdown by End Use Industry

9.3.4.4      Hungary Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.3.4.4.1       Hungary Carbon Fiber Market Breakdown by Raw Material

9.3.4.4.2       Hungary Carbon Fiber Market Breakdown by End Use Industry

9.3.4.5      Russia Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.3.4.5.1       Russia Carbon Fiber Market Breakdown by Raw Material

9.3.4.5.2       Russia Carbon Fiber Market Breakdown by End Use Industry

9.3.4.6      Rest Of Europe Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.3.4.6.1       Rest of Europe Carbon Fiber Market Breakdown by Raw Material

9.3.4.6.2       Rest of Europe Carbon Fiber Market Breakdown by End Use Industry

9.4       APAC Carbon Fiber Market Revenue And Forecasts To 2027

9.4.1        APAC Carbon Fiber Market Revenue Forecasts to 2027 (US$ Mn)

9.4.2        APAC Carbon Fiber Market Breakdown by Raw Material

9.4.3        APAC Carbon Fiber Market Breakdown by End Use Industry

9.4.4        APAC Carbon Fiber Market Breakdown, by Country

9.4.4.1      China Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )

9.4.4.1.1       China Carbon Fiber Market Breakdown by Raw Material

9.4.4.1.2       China Carbon Fiber Market Breakdown by End Use Industry

9.4.4.2      India Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )

9.4.4.2.1       India Carbon Fiber Market Breakdown by Raw Material

9.4.4.2.2       India Carbon Fiber Market Breakdown by End Use Industry

9.4.4.3      Japan Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )

9.4.4.3.1       Japan Carbon Fiber Market Breakdown by Raw Material

9.4.4.3.2       Japan Carbon Fiber Market Breakdown by End Use Industry

9.4.4.4      South Korea Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )

9.4.4.4.1       South Korea Carbon Fiber Market Breakdown by Raw Material

9.4.4.4.2       South Korea Carbon Fiber Market Breakdown by End Use Industry

9.4.4.5      Taiwan Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )

9.4.4.5.1       Taiwan Carbon Fiber Market Breakdown by Raw Material

9.4.4.5.2       Taiwan Carbon Fiber Market Breakdown by End Use Industry

9.4.4.6      Rest of APAC Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )

9.4.4.6.1       Rest of APAC Carbon Fiber Market Breakdown by Raw Material

9.4.4.6.2       Rest of APAC Carbon Fiber Market Breakdown by End Use Industry

9.5       RoW Carbon Fiber Market Revenue And Forecasts To 2027

9.5.1        RoW Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.5.2        RoW Carbon Fiber Market Breakdown by Raw Material

9.5.3        RoW Carbon Fiber Market Breakdown by End Use Industry

9.5.4        RoW Carbon fiber Market Breakdown, by Country

9.5.4.1      Brazil Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN )

9.5.4.1.1       Brazil Carbon Fiber Market Breakdown by Raw Material

9.5.4.1.2       Brazil Carbon Fiber Market Breakdown by End Use Industry

9.5.4.2      Saudi Arabia Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN )

9.5.4.2.1       Saudi Arabia Carbon Fiber Market Breakdown by Raw Material

9.5.4.2.2       Saudi Arabia Carbon Fiber Market Breakdown by End Use Industry

9.5.4.3      RoW Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN )

9.5.4.3.1       Rest of ROW Carbon Fiber Market Breakdown by Raw Material

9.5.4.3.2       Rest of ROW Carbon Fiber Market Breakdown by End Use Industry

10.          Overview- Impact of COVID-19

10.1    North America: Impact Assessment of COVID-19 Pandemic

10.2    Europe: Impact Assessment of COVID-19 Pandemic

10.3    Asia-Pacific: Impact Assessment of COVID-19 Pandemic

10.4    Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.5    South America: Impact Assessment of COVID-19 Pandemic

11.          Industry Landscape

11.1    Merger & Acquisition

11.2    Product news

11.3    Investment Scenario

12.          Company Profiles

12.1    DowAksa

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    Formosa Plastics Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Hexcel Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Hyosung Corporation

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Kureha Corporation

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.6    Mitsubishi Chemical Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    SGL Carbon

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    Solvay

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Financial Overview

12.8.4     SWOT Analysis

12.8.5     Key Developments

12.9    Teijin Limited

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 Toray Industries, Inc.

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Glossary

LIST OF TABLES

Table 1.             Global Carbon fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Table 2.             North America Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 3.             North America Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 4.             U.S. Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 5.             US Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 6.             Canada Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 7.             Canada Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 8.             Mexico Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 9.             Mexico Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 10.          Europe Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 11.          Europe Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 12.          Germany Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 13.          Germany Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 14.          UK Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 15.          UK Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 16.          France Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 17.          France Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 18.          Hungary Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 19.          Hungary Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 20.          Russia Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 21.          Russia Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 22.          Rest of Europe Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 23.          Rest of Europe Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 24.          APAC Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 25.          APAC Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 26.          China Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 27.          China Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 28.          India Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 29.          India Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 30.          Japan Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 31.          Japan Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 32.          South Korea Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 33.          South Korea Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 34.          Taiwan Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 35.          Taiwan Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 36.          Rest of APAC Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 37.          Rest of APAC Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 38.          RoW Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 39.          RoW Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 40.          Brazil Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 41.          Brazil Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 42.          Saudi Arabia Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 43.          Saudi Arabia Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 44.          Rest of ROW Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 45.          Rest of ROW Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 46.          Glossary of terms, Carbon Fiber Market

 

LIST OF FIGURES

Figure 1.           Carbon Fiber Market Segmentation

Figure 2.           Carbon Fiber Market Segmentation – By Region

Figure 3.           Carbon Fiber Market Overview

Figure 4.           Polyacrylonitrile Held Larger Share of Carbon fiber Market in 2019

Figure 5.           Carbon Fiber Market, by Geography, Value and CAGR

Figure 6.           Carbon Fiber Industry Landscape

Figure 7.           PEST Analysis for North American Carbon Fiber Market

Figure 8.           PEST Analysis for Europe Carbon Fiber Market

Figure 9.           PEST Analysis for APAC Carbon Fiber Market

Figure 10.        PEST Analysis for RoW Carbon Fiber Market

Figure 11.        Impact Analysis of Drivers and Restraints

Figure 12.        Geographic Overview of Carbon Fiber Market

Figure 13.        Carbon Fiber Market Forecast And Analysis, (US$ Mn)

Figure 14.        Global Carbon Fiber Market Breakdown By Raw Material, Value, 2019 & 2027 (%)

Figure 15.        Global PAN Market Revenue Forecasts To 2027 (US$ Mn)

Figure 16.        Global Pitch Market Revenue Forecasts To 2027 (US$ Mn)

Figure 17.        Global Carbon Fiber Market Breakdown By End-Use Industry, By Value, 2019 & 2027 (%)

Figure 18.        Global Automotive Market Revenue and Forecasts to 2027 (US$ MN)

Figure 19.        Global Aerospace and Defense Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 20.        Global Construction Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 21.        Global Sporting Goods Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 22.        Global Wind Energy Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 23.        Global Others Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 24.        Carbon Fiber Market, Breakdown by Regions, 2019 & 2027 (%)

Figure 25.        North America Carbon Fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 26.        North American Carbon Fiber Market Breakdown, By Raw Material , 2019 & 2027 (%)

Figure 27.        North American Carbon Fiber Market Breakdown by End Use Industry, 2019 & 2027 (%)

Figure 28.        North America Carbon Fiber Market Breakdown by Country, 2019 & 2027(%)

Figure 29.        US Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 30.        Canada Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 31.        Mexico Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 32.        European Carbon Fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 33.        Europe Carbon Fiber Market Breakdown, By Raw Material , 2019 & 2027 (%)

Figure 34.        Europe Carbon Fiber Market Breakdown by End Use Industry, 2019 & 2027 (%)

Figure 35.        European Carbon Fiber Market Breakdown by Country, 2019 & 2027(%)

Figure 36.        Germany Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 37.        UK Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 38.        France Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 39.        Hungary Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 40.        Russia Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 41.        Rest Of Europe Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 42.        APAC Carbon Fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 43.        APAC Carbon Fiber Market Breakdown, By Raw Material , 2019 & 2027 (%)

Figure 44.        APAC Carbon Fiber Market Breakdown by End Use Industry, 2019 & 2027 (%)

Figure 45.        APAC Carbon Fiber Market Breakdown by Country, 2019 & 2027(%)

Figure 46.        China Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 47.        India Carbon Market Revenue And Forecasts To 2027 (US$ MN)

Figure 48.        Japan Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 49.        South Korea Carbon Market Revenue And Forecasts To 2027 (US$ MN)

Figure 50.        Taiwan Carbon Market Revenue And Forecasts To 2027 (US$ MN)

Figure 51.        Rest Of APAC Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 52.        RoW Carbon Fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 53.        RoW Carbon Fiber Market Breakdown, By Raw Material , 2019 & 2027 (%)

Figure 54.        RoW Carbon Fiber Market Breakdown by End Use Industry, 2019 & 2027 (%)

Figure 55.        RoW Carbon Fiber Market Breakdown by Country, 2019 & 2027(%)

Figure 56.        Brazil Carbon Fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 57.        Saudi Arabia Carbon Fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 58.        RoW Carbon Fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 59.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 60.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 61.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 62.        Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 63.        Impact of COVID-19 Pandemic in South America Country Markets

 

The List of Companies - Carbon Fiber Market

  1. DowAksa
  2. Formosa Plastics Corporation
  3. Hexcel Corporation
  4. Hyosung Corporation
  5. Kureha Corporation
  6. Mitsubishi Chemical Corporation
  7. SGL Carbon
  8. Solvay
  9. Teijin Limited
  10. Toray Industries, Inc.
  • Highlights key business priorities to assist companies realign their business strategies.

  • Features key findings and crucial progressive industry trends in the global carbon fiber market, thereby allowing players to develop effective long-term strategies.

  • Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.

  • Scrutinizes in-depth market trends as well as key market drivers and restraints.

  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
TIPRE00002830
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Frequently Asked Questions

The major players operating in the global carbon fiber market are Toray Industries, Inc., Plastics Corporation, SGL Carbon, Solvay, Hexcel Corporation, Tejin Limited, DowAksa, Mitsubishi Chemical Corporation among many others.

APAC is expected to be the fastest-growing market for carbon fibers in the forecasted years. With the growth of aerospace & defense, automotive, construction and other industries, the demand for carbon fiber has substantially gone up in India, China, and Japan, which is driving the growth of the market. The growing demand from the automotive industry is expected to drive the market for carbon fiber in the region. Also, industry is witnessing the entrance of new manufacturers. For instance, Reliance Industries Limited invested in India’s first carbon fiber unit so as to cater to aerospace and defense demand and to expand its capability in carbon fiber products.

In 2019, the PAN segment accounted for a larger share of the global carbon fiber market. PAN fiber provides better productivity and excellent processing properties. They exhibit superior material properties and have comparatively low cost than pitch fiber. The PAN-based carbon fibers are widely used in various applications, as these fibers present higher strength and modulus than pitch-based carbon fibers. Pitch-based carbon fibers have been developed recently, and their demand is increasing in low-cost applications

Pricing