Demand for carbon fiber on an organic basis has grown significantly during the past decade and is likely to continue growing robustly over the next decade, benefitting the Carbon Fiber and Graphene Manufacturing industry. Carbon fiber is primarily used in aerospace applications due to its high cost compared with steel and aluminum, which discourages manufacturers from using it in more mainstream industrial applications. Currently, graphene is still an emerging technology, accounting for a negligible portion of industry revenue. However, several companies are racing to develop and patent graphene applications, which could potentially revolutionize the industry in the coming years. Over the five years to 2021, downstream manufacturers will increase purchases of carbon fiber as production expands and demand for stronger, yet lighter products rises.
This industry manufactures graphene, carbon fiber and other advanced carbon-based materials. The main product made by this industry is PAN-based carbon fiber, which is then used to make carbon fiber composites that have excellent strength-to-weight ratios and durability. Key applications for these products include aerospace, automotive, alternative energy and high-tech electronics. Graphene remains an experimental material with limited, if any, commercial applications
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.