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Carbon Fiber Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 430 Pages
SKU # FOB18820044

Description

Carbon Fiber Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Carbon Fiber Market

The Carbon Fiber Market Size was valued at USD 3.31 billion in 2023, and the Market is now projected to grow from USD 3.59 billion in 2024 to USD 7.05 billion by 2032, exhibiting a CAGR of 8.8% during the forecast period of 2024-2032.

The COVID-19 pandemic had various effects on the global carbon fiber market, with high risks in production, demand, and supply ties across industries. At the start of the pandemic, restrictions and the generally low level of activity in sectors critical to automotive growth like automotive, aerospace, and defense suffered from lockdowns and shutdowns. These sectors have a history of production halts and decreased usage, which also diminished the demand for carbon fiber products, impeding the fall of Carbon Fiber Market Growth.

The demand for Carbon Fiber has risen due to the Increasing demand in the Automotive Industry, resulting in the expansion of Carbon Fiber Market share globally. Carbon fiber has hence been applied in automotive manufacturing in attempts at formulating lighter and more fuel-efficient vehicles. This trend is being propelled by the rise of vehicles as reducing vehicle weight is essential, for increasing the range and performance of electric cars.

Moreover, Recent developments in carbon fiber involve progress in fabrication technology the introduction of recycling methods for carbon fibers and improvements in carbon fiber manufacturing processes. These advancements, in recycling have enabled technicians, researchers and manufacturers to recycle carbon fiber composites for use making their life cycle more environmentally friendly. Also, there are attempts gradually made to make the process of carbon fiber production greener, with the use of bio-sourced Lignin material among others.

Comprehensive Analysis of Carbon Fiber Market

The Carbon fiber market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the Chemical and Advanced Materials Industry. These Segmentations are methodically segregated by Precursor, by Tow, and by Application. The Precursor include PAN and Pitch. The Tow include Large Tow and aSmall Tow. However, the Application include Aviation, Aerospace and Defense, Automotive, Wind Turbines, Sports & Leisure, Construction, and Others.

The European Region leads the Immunology Market by benefitting a market size of USD 1.06 billion in 2023 due to the numerous electric car manufacturers, and the growing desire for light and environmentally friendly automobiles.

The top players in the market play a crucial role in the Chemical and Advanced Materials Industry assuring industrial prospectus growth and setting market standards. These players include Toray industries, Inc. (Japan), Solvay (Belgium), Nippon Graphite Fiber Co., Ltd. (Japan), TEIJIN LIMITED (Japan), Hexcel Corporation (US), ZOLTEK Corporation (US), HYOSUNG ADVANCED MATERIALS (South Korea), Advanced Composites Inc. (US), Mitsubishi Chemical Carbon Fiber and Composites, Inc. (US), Formosa M Co., Ltd. (South Korea). These market players provide a level playing competitive landscape.

In December 2022, Solvay collaborated with the Trillium for the manufacture of bio-based acrylonitrile for fabricating carbon fiber; it is used in automobiles, airplanes, household equipment, energy, etc.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 8.8% from 2024 to 2032

Unit Value (USD Billion) and Volume (Tons)

Segmentation By Precursor

PAN

Pitch

By Tow

Large Tow

Small Tow

By Application

Aviation, Aerospace & Defense

Automotive

Wind Turbines

Sports & Leisure

Construction

Others

By Region

North America (By Precursor, By Tow, By Application, By Country)

- U.S. (By Precursor, By Tow, By Application)

- Canada (By Precursor, By Tow, By Application)

Europe (By Precursor, By Tow, By Application, By Country)

- Germany (By Precursor, By Tow, By Application)

- U.K. (By Precursor, By Tow, By Application)

- France (By Precursor, By Tow, By Application)

- Russia (By Precursor, By Tow, By Application)

- Rest of Europe (By Precursor, By Tow, By Application)

Asia Pacific (By Precursor, By Tow, By Application, By Country)

- China (By Precursor, By Tow, By Application)

- India (By Precursor, By Tow, By Application)

- Japan (By Precursor, By Tow, By Application)

- ASEAN (By Precursor, By Tow, By Application)

- Rest of Asia Pacific (By Precursor, By Tow, By Application)

Latin America (By Precursor, By Tow, By Application, By Country)

- Brazil (By Precursor, By Tow, By Application)

- Mexico (By Precursor, By Tow, By Application)

- Rest of Latin America (By Precursor, By Tow, By Application)

Middle East & Africa (By Precursor, By Tow, By Application, By Country)

- Middle East (By Precursor, By Tow, By Application)

- Africa (By Precursor, By Tow, By Application)


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Table of Contents

430 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships
4.2. Porters Five Forces Analysis
4.3. Technological Development
4.4. Impact of Covid-19
5. Global Automotive RADAR Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Definitions
5.2. Market Analysis, Insights and Forecast – By Range
5.2.1. Short-Range Radar
5.2.2. Medium-Range Radar
5.2.3. Long-Range Radar
5.3. Market Analysis, Insights and Forecast – By Frequency
5.3.1. 24 Ghz
5.3.2. 77 Ghz
5.4. Market Analysis, Insights and Forecast – By Application
5.4.1. Adaptive Cruise Control (ACC)
5.4.2. Autonomous Emergency Braking (AEB)
5.4.3. Forward-Collision Warning System (FCWS)
5.4.4. Blind Spot Detection (BSD)
5.4.5. Intelligent Parking Assistance
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia pacific
5.5.4. Rest of the world
6. North America Automotive RADAR Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Definitions
6.2. Market Analysis, Insights and Forecast – By Range
6.2.1. Short-Range Radar
6.2.2. Medium-Range Radar
6.2.3. Long-Range Radar
6.3. Market Analysis, Insights and Forecast – By Frequency
6.3.1. 24 GHZ
6.3.2. 77 GHz
6.4. Market Analysis, Insights and Forecast – By Application
6.4.1. Adaptive Cruise Control (ACC)
6.4.2. Autonomous Emergency Braking (AEB)
6.4.3. Forward-Collision Warning System (FCWS)
6.4.4. Blind Spot Detection (BSD)
6.4.5. Intelligent Parking Assistance
6.5. Market Analysis – By Country
6.5.1. The U.S.
6.5.1.1. By Range
6.5.1.2. By Frequency
6.5.1.3. By Application
6.5.2. Canada
6.5.2.1. By Range
6.5.2.2. By Frequency
6.5.2.3. By Application
6.5.3. Mexico
6.5.3.1. By Range
6.5.3.2. By Frequency
6.5.3.3. By Application
7. Europe Automotive RADAR Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Definitions
7.2. Market Analysis, Insights and Forecast – By Range
7.2.1. Short-Range Radar
7.2.2. Medium-Range Radar
7.2.3. Long-Range Radar
7.3. Market Analysis, Insights and Forecast – By Frequency
7.3.1. 24 Ghz
7.3.2. 77 Ghz
7.4. Market Analysis, Insights and Forecast – By Application
7.4.1. Adaptive Cruise Control (ACC)
7.4.2. Autonomous Emergency Braking (AEB)
7.4.3. Forward-Collision Warning System (FCWS)
7.4.4. Blind Spot Detection (BSD)
7.4.5. Intelligent Parking Assistance
7.5. Market Analysis – By Country
7.5.1. The U.K
7.5.1.1. Range
7.5.1.2. By Frequency
7.5.1.3. By Application
7.5.2. Germany
7.5.2.1. Range
7.5.2.2. By Frequency
7.5.2.3. By Application
7.5.3. France
7.5.3.1. Range
7.5.3.2. By Frequency
7.5.3.3. By Application
7.5.4. Rest of Europe
7.5.4.1. Range
7.5.4.2. By Frequency
7.5.4.3. By Application
8. Asia Pacific Automotive RADAR Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Definitions
8.2. Market Analysis, Insights and Forecast – By Range
8.2.1. Short-Range Radar
8.2.2. Medium-Range Radar
8.2.3. Long-Range Radar
8.3. Market Analysis, Insights and Forecast – By Frequency
8.3.1. 24 Ghz
8.3.2. 77 Ghz
8.4. Market Analysis, Insights and Forecast – By Application
8.4.1. Adaptive Cruise Control (ACC)
8.4.2. Autonomous Emergency Braking (AEB)
8.4.3. Forward-Collision Warning System (FCWS)
8.4.4. Blind Spot Detection (BSD)
8.4.5. Intelligent Parking Assistance
8.5. Market Analysis – By Country
8.5.1. China
8.5.1.1. Range
8.5.1.2. By Frequency
8.5.1.3. By Application
8.5.2. India
8.5.2.1. Range
8.5.2.2. By Frequency
8.5.2.3. By Application
8.5.3. Japan
8.5.3.1. Range
8.5.3.2. By Frequency
8.5.3.3. By Application
8.5.4. Rest of Asia Pacific
8.5.4.1. Range
8.5.4.2. By Frequency
8.5.4.3. By Application
9. Rest of the World Automotive RADAR Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Definitions
9.2. Market Analysis, Insights and Forecast – By Range
9.2.1. Short-Range Radar
9.2.2. Medium-Range Radar
9.2.3. Long-Range Radar
9.3. Market Analysis, Insights and Forecast – By Frequency
9.3.1. 24 Ghz
9.3.2. 77 Ghz
9.4. Market Analysis, Insights and Forecast – By Application
9.4.1. Adaptive Cruise Control (ACC)
9.4.2. Autonomous Emergency Braking (AEB)
9.4.3. Forward-Collision Warning System (FCWS)
9.4.4. Blind Spot Detection (BSD)
9.4.5. Intelligent Parking Assistance
10. Competitive Analysis
10.1. Key Industry Development
10.2. Global Market Ranking Analysis (2023)
10.3. Competition Dashboard
10.4. Comparative Analysis – Major Players
10.5. Company Profiles
10.5.1. Robert Bosch GmbH (Germany)
10.5.1.1. Overview
10.5.1.2. Products & Services
10.5.1.3. SWOT Analysis
10.5.1.4. Recent Developments
10.5.1.5. Strategies
10.5.1.6. Financials (Based on Availability)
10.5.2. Continetal AG (Germany)
10.5.2.1. Overview
10.5.2.2. Products & Services
10.5.2.3. SWOT Analysis
10.5.2.4. Recent Developments
10.5.2.5. Strategies
10.5.2.6. Financials (Based on Availability)
10.5.3. Denso Corporation (Japan)
10.5.3.1. Overview
10.5.3.2. Products & Services
10.5.3.3. SWOT Analysis
10.5.3.4. Recent Developments
10.5.3.5. Strategies
10.5.3.6. Financials (Based on Availability)
10.5.4. Aptiv (Ireland)
10.5.4.1. Overview
10.5.4.2. Products & Services
10.5.4.3. SWOT Analysis
10.5.4.4. Recent Developments
10.5.4.5. Strategies
10.5.4.6. Financials (Based on Availability)
10.5.5. Autoliv Inc. (Sweden)
10.5.5.1. Overview
10.5.5.2. Products & Services
10.5.5.3. SWOT Analysis
10.5.5.4. Recent Developments
10.5.5.5. Strategies
10.5.5.6. Financials (Based on Availability)
10.5.6. Veoneer (Sweden)
10.5.6.1. Overview
10.5.6.2. Products & Services
10.5.6.3. SWOT Analysis
10.5.6.4. Recent Developments
10.5.6.5. Strategies
10.5.6.6. Financials (Based on Availability)
10.5.7. Valeo S.A (France)
10.5.7.1. Overview
10.5.7.2. Products & Services
10.5.7.3. SWOT Analysis
10.5.7.4. Recent Developments
10.5.7.5. Strategies
10.5.7.6. Financials (Based on Availability)
10.5.8. NXP Semiconductors N.V. (Netherlands)
10.5.8.1. Overview
10.5.8.2. Products & Services
10.5.8.3. SWOT Analysis
10.5.8.4. Recent Developments
10.5.8.5. Strategies
10.5.8.6. Financials (Based on Availability)
10.5.9. Texas Instruments Incorporated (US)
10.5.9.1. Overview
10.5.9.2. Products & Services
10.5.9.3. SWOT Analysis
10.5.9.4. Recent Developments
10.5.9.5. Strategies
10.5.9.6. Financials (Based on Availability)
10.5.10. ZF Friedrichshafen AG (Germany)
10.5.10.1. Overview
10.5.10.2. Products & Services
10.5.10.3. SWOT Analysis
10.5.10.4. Recent Developments
10.5.10.5. Strategies
10.5.10.6. Financials (Based on Availability)
10.5.11. Infineon Technologies AG (Germany)
10.5.11.1. Overview
10.5.11.2. Products & Services
10.5.11.3. SWOT Analysis
10.5.11.4. Recent Developments
10.5.11.5. Strategies
10.5.11.6. Financials (Based on Availability)
10.5.12. Renesas Electronics Corporation (Japan)
10.5.12.1. Overview
10.5.12.2. Products & Services
10.5.12.3. SWOT Analysis
10.5.12.4. Recent Developments
10.5.12.5. Strategies
10.5.12.6. Financials (Based on Availability)

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