North America Carbon Fiber Market Growth and Analysis by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

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

Report Date : May 2021
Report Code : TIPRE00007922

Category : Chemicals and Materials
Status : Published

Available Report Formats :
No. of Pages : 99

Page Updated: May 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Carbon Fiber Market in North America is expected to grow from US$ 907.32 million in 2019 to US$ 2058.44 million by 2027; it is estimated to grow at a CAGR of 10.9% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. 5.1.1 Rising demands from automotive and aerospace applications recently gained momentum after weak growth over the past few years the automotive manufacturers are demanding new and innovative high-quality material for producing automotive components. These materials have to fulfill the high-performance need of automotive manufacturers and also meet the needs of the customer and society. Among the various materials, 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 energy conservation and minimizing carbon dioxide emissions. Leading automotive manufacturers are using carbon fiber for manufacturing components. For instance, the Airbus A350 is 52 percent 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 is also bolstering the growth of the industry.

The US has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is negatively impacting the consumer goods industry in the region as the COVID-19 pandemic negatively affects the supply and distribution chain.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Carbon Fiber Market North America Carbon Fiber Market is expected to grow at a good CAGR during the forecast period.

North America Carbon Fiber Market Revenue and Forecast to 2027 (US$ Million)

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

North America Carbon Fiber Market Segmentation

North America Carbon Fiber Market – By Raw Material

PAN
Pitch

North America Carbon Fiber Market– By End Use Industry

Automotive
Aerospace and Defense
Construction
Sporting Goods
Wind Energy
Others

North America Carbon Fiber Market – By Country

US
Canada
Mexico

North America Carbon Fiber Market -Companies Mentioned

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

North America Carbon Fiber Report Scope

Report Attribute	Details
Market size in 2019	US$ 907.32 Million
Market Size by 2027	US$ 2058.44 Million
Global CAGR (2020 - 2027)	10.9%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Raw Material PAN Pitch By End Use Industry Automotive Aerospace and Defense Construction Sporting Goods Wind Energy
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	DowAksa Formosa Plastic Corporation Hexcel Corporation Hyosung Corporation Kureha Corporation Mitsubishi Chemical Corporation SGL Carbon Solvay Teijin Limited

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the North America Carbon Fiber Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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