Carbon Fiber Market Introduction and Overview
According to SPER market research, ‘Global Carbon Fiber Market Size- By Raw Material, By Application, By Tow Size – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Carbon Fiber Market is predicted to reach 18.47 billion by 2034 with a CAGR of 11.19%.
Carbon fiber is a synthetic material with a diameter of 5 to 10 micrometers. Carbon fiber is made of strong, thin crystalline strands of carbon atoms. The remarkable strength-to-weight ratio, high stiffness, and tensile strength of these fibers make them perfect for reinforcing composite materials. Carbon fibers are created by heat-treating organic polymers, including polyacrylonitrile (PAN), to create carbonized carbon atoms with a crystalline structure.
Restraints:Several barriers impede the market’s widespread use of carbon fiber. Because carbon fiber is far more expensive than conventional materials like steel or aluminum due to high production costs resulting from pricey raw ingredients and energy-intensive manufacturing methods, its use in cost-sensitive industries is limited. Scalability is hampered by limited manufacturing capacity and supply chain limitations, which worsen availability problems.
Scope of the Report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered
By Raw Material, By Application, By Tow Size.
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.
Companies Covered
A&P Technology Inc., Anshan Sinocarb Carbon Fiber Co. Ltd, DowAksa USA LLC, Formosa Plastics Corporation, Hexcel Corporation, Holding company Composite, Hyosung Advanced Materials, Jiangsu Hengshen Co. Ltd, Mitsubishi Chemical Corporation, Nippon Graphite Fiber Co. Ltd.
Carbon Fiber Market Segmentation:
By Raw Material:
Based on the Raw Material, Global Carbon Fiber Market is segmented as; PAN Based, Pitch Based.
By Application:
Based on the Application, Global Carbon Fiber Market is segmented as; Automotive, Aerospace & Defense, Wind Turbines, Sports/Leisure, Molding & Compound, Construction, Pressure Vessel.
By Tow Size:
Based on the Tow Size, Global Carbon Fiber Market is segmented as; small tow, Large Tow.
By Region:
This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Global Carbon Fiber Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Carbon Fiber Market
- 7. Global Carbon Fiber Market, By Raw Material 2021-2034 (USD Million)
- 7.1. PAN Based
- 7.2. Pitch Based
- 8. Global Carbon Fiber Market, By Application 2021-2034 (USD Million)
- 8.1. Automotive
- 8.2. Aerospace & Defense
- 8.3. Wind Turbines
- 8.4. Sports/Leisure
- 8.5. Molding & Compound
- 8.6. Construction
- 8.7. Pressure Vessel
- 9. Global Carbon Fiber Market, By Tow Size 2021-2034 (USD Million)
- 9.1. Small Tow
- 9.2. Large Tow
- 10. Global Carbon Fiber Market, 2021-2034 (USD Million)
- 10.1. Global Carbon Fiber Market Size and Market Share
- 11. Global Carbon Fiber Market, By Region, 2021-2034 (USD Million)
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
- 12. Company Profile
- 12.1. A&P Technology Inc.
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Anshan Sinocarb Carbon Fiber Co. Ltd
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. DowAksa USA LLC
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Formosa Plastics Corporation
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Hexcel Corporation
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Holding company Composite
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Hyosung Advanced Materials
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Jiangsu Hengshen Co. Ltd
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Mitsubishi Chemical Corporation
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Nippon Graphite Fiber Co. Ltd
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Others
- 13. Conclusion
- 14. List of Abbreviations
- 15. Reference Links
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