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Global Carbon Composites Market 2017-2021

Global Carbon Composites Market 2017-2021

About Carbon Composites

Composites are the mixture of two or more materials, which are mixed to produce a superior material with new, better properties of the both base materials. As compared to the metals alloys, composites retain the individual chemical, mechanical, and physical properties of the base chemicals. The two key components of composites are reinforcements and matrix. The reinforcement materials have superior properties than that of matrix materials in terms of hardness, strength, and stiffness.

Technavio’s analysts forecast the global carbon composites market to grow at a CAGR of 11.40% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global carbon composites market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Carbon Composites Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Hexcel
  • SGL Group
  • Solvay
  • TEIJIN
  • Toray Industries
Other prominent vendors
  • Exel Group World Wide
  • Gurit
  • Innegra Technologies
  • Koninklijke Ten Cate
  • Mitsubishi Chemical
  • METYX Composites
  • Nippon Graphite Fiber
  • PLASAN CARBON COMPOSITES
  • SAERTEX
  • Sigmatex
  • TEI/TTC
  • TPI Composites
Market driver
  • Emerging demand from developing economies
  • For a full, detailed list, view our report
Market challenge
  • High manufacturing cost of carbon composites
  • For a full, detailed list, view our report
Market trend
  • Increasing use of carbon nanocomposites
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Carbon Composites Market 2017-2021

Technavio recognizes the following companies as the key players in the global carbon composites market: Hexcel, SGL Group, Solvay, TEIJIN, and Toray Industries.

Other Prominent Vendors in the market are: Exel Group World Wide, Gurit, Innegra Technologies, Koninklijke Ten Cate, Mitsubishi Chemical, METYX Composites, Nippon Graphite Fiber, PLASAN CARBON COMPOSITES, SAERTEX, Sigmatex, TEI/TTC, and TPI Composites.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of carbon nanocomposites. Continuous improvements in nanotechnology have resulted in innovations in the nanocomposites segment. Nanocomposites are gaining popularity as they are recyclable and can be processed at low cost for various applications ranging from drug delivery to the prevention of corrosion of metals.”

According to the report, one driver in the market is emerging demand from developing economies. The demand for carbon composites from developing economies of APAC and ROW is expected to drive the global carbon composites market. The demand for carbon composites is expected to grow during the forecast period because of industrialization and economic growth in these regions. In APAC, it is expected that the total commercial and cargo aircraft fleet and the number of annual passengers will double in the next two decades. In addition, companies are shifting their manufacturing hubs to India, China, and Mexico due to the availability of low-cost labor and government initiatives such as Make in India.

Further, the report states that one challenge in the market is high manufacturing cost of carbon composites. Carbon composites are used in several end-user industries such as the automobile, aerospace, and sporting equipment segments. However, carbon composites are highly expensive than the substitutes such as plastics, metals, and other polymers. This is because of the high manufacturing cost of carbon fiber, which is almost eight times costlier than steel. The process is also slow and energy intensive. In addition, the raw material used in the production of carbon fiber is polyacrylonitrile, which is also very expensive.

Companies Mentioned

Hexcel, SGL Group, Solvay, TEIJIN, Toray Industries, Exel Group World Wide, Gurit, Innegra Technologies, Koninklijke Ten Cate, Mitsubishi Chemical, METYX Composites, Nippon Graphite Fiber, PLASAN CARBON COMPOSITES, SAERTEX, Sigmatex, TEI/TTC, and TPI Composites.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Breakup of composites
  • Market landscape
    • Global carbon composites market
      • Table Global carbon composites market segmentations
      • Table Global carbon composites market 2016 and 2021 (million metric tons)
      • Table Global carbon composites market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-users
    • Global carbon composites market by end-users
      • Table Global carbon composites market by end-users 2016
      • Table Global carbon composites market by end-users 2021
    • Global carbon composites market by aerospace and defense
      • Table Global carbon composites market by aerospace and defense 2016 and 2021(million metric tons)
      • Table Global carbon composites market by aerospace and defense 2016-2021
    • Global carbon composites market by automotive
      • Table Global carbon composites market by automotive 2016 and 2021 (million metrictons)
      • Table Global automotive composites by application 2016
      • Table Global carbon composites market by automotive 2016-2021
    • Global carbon composites market by wind energy
      • Table Global carbon composites market by wind energy 2016 and 2021 (million metrictons)
      • Table Global carbon composites market by wind energy 2016-2021
    • Global carbon composites market by sporting goods industry
      • Table Global carbon composites market by sporting goods 2016 and 2021 (million metrictons)
      • Table Global sports composites market by type 2016
      • Table Global carbon composites market by sporting goods 2016-2021
    • Global carbon composites market by others
      • Table Global carbon composites market by others 2016 and 2021 (million metric tons)
      • Table Global carbon composites market by others 2016-2021
  • Geographical segmentation
    • Global carbon composites market by geography
      • Table Global carbon composites market by geography 2016
      • Table Global carbon composites market by geography 2021
    • Carbon composites market in North America
      • Table Carbon composites market in North America 2016 and 2021 (million metric tons)
      • Table Carbon composites market in North America 2016-2021
    • Carbon composites market in Europe
      • Table Carbon composites market in Europe 2016 and 2021 (million metric tons)
      • Table Carbon composites market in Europe 2016-2021
    • Carbon composites market in APAC
      • Table Carbon composites market in APAC 2016 and 2021 (million metric tons)
      • Table Carbon composites market in APAC 2016-2021
    • Carbon composites market in ROW
      • Table Carbon composites market in ROW 2016 and 2021 (million metric tons)
      • Table Carbon composites market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Comparative property chart for carbon composites and steel
      • Table Comparative property chart for carbon composites and aluminum
      • Table Comparative property chart for carbon composites and wood
    • Market challenges
  • Market trends
    • Increasing use of carbon nanocomposites
    • Growing demand for wind energy
    • Increasing demand for lightweight and highperformance materials
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Hexcel
      • Table Hexcel: Business segmentation by revenue 2016
      • Table Hexcel: Geographical segmentation by revenue 2016
    • SGL Group
      • Table SGL: Business segmentation by revenue 2016
      • Table SGL: Geographical segmentation by revenue 2016
    • Solvay
      • Table Solvay: Business segmentation by revenue 2016
      • Table Solvay: Geographical segmentation by revenue 2016
    • TEIJIN
      • Table TEIJIN: Business segmentation by revenue 2016
      • Table TEIJIN: Geographical segmentation by revenue 2016
    • Toray Industries
      • Table Toray Industries: Business segmentation by revenue 2016
      • Table Toray Industries: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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