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Global Carbon Fiber Market 2019-2023

Global Carbon Fiber Market 2019-2023

About Carbon fiber

Carbon fibers are strong and lightweight synthetic fibers made of crystalline carbon filaments. They exhibit superior tensile strength, low weight-to-strength ratio, high chemical resistance, and low thermal expansion.

Technavio’s analysts forecast the global carbon fiber market to grow at a CAGR of 9.61% during the period 2019-2023.

Covered in this report

The report covers the present scenario and the growth prospects of the global carbon fiber market for 2019-2023. To calculate the market size, the report considers the revenue generated from the use of carbon fiber in different segments

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Carbon Fiber Market 2019-2023, 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
  • Formosa Plastics
  • Hexcel
  • Mitsubishi Chemical
  • SGL Group
  • TEIJIN
  • TORAY INDUSTRIES
Market driver
  • Increasing use of carbon fibers in the aerospace and defense sector
  • For a full, detailed list, view our report
Market challenge
  • Limitations of carbon fibers
  • For a full, detailed list, view our report
Market trend
  • New product launches
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2023 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 Fiber Market 2019-2023

Technavio recognizes the following companies as the key players in the global carbon fiber market: Formosa Plastics, Hexcel, Mitsubishi Chemical, SGL Group, TEIJIN, TORAY INDUSTRIES

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the capacity expansion and emergence of new production plants. The increasing demand for carbon fibers in aerospace and defense, automotive, wind energy, and other end-use application is leading to the expansion of production capacities of carbon fibers.”

According to the report, one of the major drivers for this market is the increasing demand for fuel efficient vehicles. At present, consumers are shifting from traditional passenger cars to fuel efficient cars due to the high fuel costs and fluctuating fuel prices. Availability of alternative fuels and the awareness regarding the benefits of green vehicles and light vehicles are the factors that can have a direct impact on the market.

Further, the report states that one of the major factors hindering the growth of this market is the high competition from substitutes. Substitutes such as glass fiber, aluminium, copper, basalt fiber aramid fibers, and natural fiber pose serious challenge for the growth of the market as these substitutes have similar end-use applications.

Companies Mentioned

Formosa Plastics
Hexcel
Mitsubishi Chemical
SGL Group
TEIJIN
TORAY INDUSTRIES

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global specialty chemicals market
      • Table Parent market segments
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Global carbon fiber market by raw materials
      • Table Global carbon fiber market by raw materials 2018
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global carbon fiber market - Market size and forecast 2018-2023 ($ millions)
      • Table Global carbon fiber market - Market size and forecast 2018-2023 (thousand metric tons)
      • Table Global carbon fiber market - Year-over-year growth 2019-2023 (%) (by revenue)
      • Table Global carbon fiber market - Year-over-year growth 2019-2023 (%) (by volume)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Aerospace and defense - Market size and forecast 2018-2023
      • Table Aerospace and defense - Market size and forecast 2018-2023 ($ millions)
      • Table Aerospace and defense - Year-over-year growth 2019-2023 (%)
    • Sports and leisure - Market size and forecast 2018-2023
      • Table Sports and leisure - Market size and forecast 2018-2023 ($ millions)
      • Table Sports and leisure - Year-over-year growth 2019-2023 (%)
    • Wind energy - Market size and forecast 2018-2023
      • Table Wind energy - Market size and forecast 2018-2023 ($ millions)
      • Table Wind energy - Year-over-year growth 2019-2023 (%)
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 ($ millions)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Increasing demand for fuel-efficient vehicles
    • Increasing use of carbon fibers in the aerospace and defense sector
    • Collaborations between carbon fiber manufacturers and end-use industries
    • Market challenges
    • High competition from substitutes
    • High cost of carbon fibers
    • Limitations of carbon fibers
      • Table Impact of drivers and challenges
  • Market trends
    • Capacity expansions and emergence of new production plants
    • New product launches
    • Rise in demand from the wind energy sector
      • Table Global installed wind power capacity (MW) by region
  • Vendor landscape
    • Competitive scenario
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Formosa Plastics
      • Table Formosa Plastics - Vendor overview
      • Table Formosa Plastics - Product segments
      • Table Formosa Plastics - Key offerings
    • Hexcel
      • Table Hexcel - Vendor overview
      • Table Hexcel - Business segments
      • Table Hexcel - Organizational developments
      • Table Hexcel - Geographic focus
      • Table Hexcel - Segment focus
      • Table Hexcel - Key offerings
    • Mitsubishi Chemical
      • Table Mitsubishi Chemical - Vendor overview
      • Table Mitsubishi Chemical - Business segments
      • Table Mitsubishi Chemical - Organizational developments
      • Table Mitsubishi Chemical - Segment focus
      • Table Mitsubishi Chemical - Key offerings
    • SGL Group
      • Table SGL Group - Vendor overview
      • Table SGL Group - Business segments
      • Table SGL Group - Organizational developments
      • Table SGL Group - Geographic focus
      • Table SGL Group - Segment focus
      • Table SGL Group - Key offerings
    • TEIJIN
      • Table TEIJIN - Vendor overview
      • Table TEIJIN - Business segments
      • Table TEIJIN - Organizational developments
      • Table TEIJIN - Geographic focus
      • Table TEIJIN - Segment focus
      • Table TEIJIN - Key offerings
    • TORAY INDUSTRIES
      • Table TORAY INDUSTRIES - Vendor overview
      • Table TORAY INDUSTRIES - Business segments
      • Table TORAY INDUSTRIES - Organizational developments
      • Table TORAY INDUSTRIES - Geographic focus
      • Table TORAY INDUSTRIES - Segment focus
      • Table TORAY INDUSTRIES - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
      • Table List of abbreviations
  • Explore Technavio

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