Carbon Fiber & Graphene Manufacturing
Due to volatility in input prices over the five years to 2018, overall revenue for the Carbon Fiber and Graphene Manufacturing industry is forecast to grow. Demand for carbon fiber on an organic basis has grown significantly over the past decade and is likely to continue growing robustly over the next decade. As consumer spending on air travel, automobiles and other downstream products grew, manufacturers ramped up production and purchases of carbon fiber inputs. Furthermore, aircraft manufacturers have steadily increased the carbon fiber content of planes and jets in an effort to reduce their weight and thereby boost their fuel efficiency. Over the five years to 2023, industry revenue is forecast to increase. Downstream manufacturers will increase purchases of carbon fiber as production expands and demand for stronger, yet lighter products rises. Exports are also anticipated to increase, boosting sales.
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.