Carbon Fiber Market

The global carbon fiber market size is expected to reach USD 12.93 Billion and register a robust revenue CAGR of 10.8% during the forecast period, according to latest analysis by Emergen Research. This steady market revenue growth can be attributed to rising demand for carbon fiber from aerospace and defense sector as well as from automotive, marine, and sports industries and sectors. Carbon fibers are strong and highly durable to stress, which makes the material highly dependable for a variety of critical and simple applications and products. Aircraft operating in aviation and defense sectors require strength and need to be light weight to function efficiently.

The report has been formulated through extensive primary and secondary research along with a breakdown of the information to offer an exhaustive analysis of the Carbon Fiber market. The data includes accurate market insights, essential market facts, and key statistical information further validated by the industry experts that help readers get a complete idea of the Carbon Fiber industry.

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Key Highlights From Report

  • In January 2019, Bombardier Aerostructures and Engineering Services entered into an agreement with Teijin. The purpose of this agreement was to acquire TENAX carbon fiber material from Bombardier Aerostuctures and Engineering Services.
  • Europe accounted for largest revenue share contribution to the global market in 2020, which is expected to increase significantly during the forecast period. This can be attributed to presence of high end automobile manufacturers as well as major aircraft manufacturers in countries in the region.
  • The aerospace and defense segment accounted for largest revenue share in 2020. This growth can be attributed to wide usage of carbon fibers in aviation and defense sector owing to lightweight and high strength properties, which in turn increases fuel efficiency and maneuverability of aircraft in flight. Moreover, key players such as Airbus and Boeing have started using carbon fiber composites to build aircraft bodies.
  • Major companies operating in Carbon Fiber are Toray Industries Inc., SGL Group, Hexcel Corporation, Mitsubishi Rayon Co. Ltd., Teijin Limited, Formosa Plastics Corporation, Solvay, Jiangsu Hengshen Co. Ltd., Hyosung, and DowAksa.

Carbon Fiber Market Segmentation:

For this report, Emergen Research has segmented the global carbon fiber market based on raw material, product type, end use, and region.

  • Raw Material Outlook (Revenue, USD Billion; 2018–2028)
    • PAN–based carbon fiber
    • Pitch–based carbon fiber
    • Rayon–based carbon fiber
  • Product Type Outlook (Revenue, USD Billion; 2018–2028)
    • Continuous carbon fiber
    • Long carbon fiber
    • Short carbon fiber
  • End-Use Outlook (Revenue, USD Billion; 2018–2028)
    • Aerospace & defense
    • Automotive
    • Wind Energy
    • Sporting goods
    • Electrical & electronics
    • Civil Engineering
    • Pipe & Tank
    • Marine
    • Others (medical, oil & gas, 3D printing, high speed & metro train, hydrogen gas storage, electrode for batteries)

Regional Segmentation of the Market:

  • North America (U.S.., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Major Objectives of the Study:

  • To offer a comprehensive analysis of the market scenario to derive an accurate forecast of the market and its major segments
  • Accurate insights into the future growth prospects of the market through an analysis of the influencing factors
  • Analysis of vital aspects of the market including cost analysis, supply chain analysis, Porter’s Five Forces analysis, SWOT analysis, and investment return analysis
  • Extensive historical and forecast estimation of the market revenue based on its key segments and key regions
  • Comprehensive analysis of the competitive landscape of the market along with exhaustive profiling of the key competitors, product portfolio, and manufacturing and production capabilities

Table Of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Carbon Fiber Market Segmentation & Impact Analysis
    4.1. Carbon Fiber Market Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. The advantages and benefits of carbon fiber
                    4.2.2.2. Rise in the demand from aerospace and defense sector 
                    4.2.2.3. New technological advancements
          4.2.3. Market restraints analysis 
                    4.2.3.1. High cost of carbon fiber
                    4.2.3.2. Development of low cost carbon fibers
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

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Contact Information:

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Facebook | LinkdIn | Twitter | Blogs