Carbon Fiber Market: Current Analysis and Forecast (2021-2027)

Carbon Fiber Market: Current Analysis and Forecast (2021-2027)

The global carbon fiber market was stood around $4 billion in 2020 and is expected to demonstrate the growth of around 8% during the forecast period (2021-2027). With the intention to lower the carbon emission, countries has taken pledges to meet their respective climate goals. Governments are taking several measures and initiative to reduce the carbon emission from various sectors like energy and transportation. This shift towards eco-friendly sustainable future is opening the doors for advance carbon materials. Currently, industries like energy is increasingly focusing on renewable energy like wind. A large number of components used in this sector are made using carbon composites resulting in lightweight and high strength. Further, automotive industry is witnessing tough regulation regarding emission from vehicles. Therefore, companies are lowering vehicle weights to improve fuel economy while maintaining safety and performance

Since carbon fiber are used in the aerospace & defence, automotive, wind energy, sports, electrical & electronics, and marine among others. Therefore, its demand is highly dependent on these industries. In the light of COVID-19, many of these industries faced negative impact owing to halted operation or insufficient availability of raw materials due to lockdown and border closures. For instance, according to OICA, the production of automotive fall by 16% in 2020, hampering the automotive components market included those are made up of carbon fiber.

Insights Presented in the Report

“Amongst raw material, polyacrylonitrile (PAN) category holds prominent share in the market in 2020.”

Based on type, the market is bifurcated into PAN and pitch. Among both, PAN held the major share in the market in 2020 owing to its high yielding rate along with several crucial properties such as high thermal stability, low density, cost-effectiveness, and high resistance and elasticity modulus.

“Amongst tow type, regular tow carbon fiber held the significant portion of the pie in 2020.”

Based on end user, the market is bifurcated into regular and large carbon tow. Among these, regular tow held the significant share in the market in 2020. The demand of regular and large tow varies depending upon the application areas. The main application of regular tow carbon fiber is aerospace & defence, pressure vessel, and automotive. Whereas the demand for large tow is from windmill and automotive. However, COVID-19 had a negative impact on both type of carbon fiber. For instance, fall in production of aircraft, automobiles, and pressure vessels affected the market of regular tow while large tow mainly affected by decreased production of automobiles.

“Asia-Pacific is likely to showcase robust growth during the forecast period”

For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of APAC), and Rest of World. Asia-pacific held the significant revenue share and is likely to robust growth during the forecast period. This can be mainly attributable to the growing aerospace & defence, automotive, wind energy, marine, and electrical & electronics industry among others, the demand of components used in these industries are increasing including components manufactured using carbon fiber. Further, the region is investing in R&D to reduce the cost of carbon fiber, thus providing opportunity to companies to adopt carbon fiber in place of conventional materials. Some of the major companies profiled in the report includes Hexcel Corporation, Mitsubishi Chemical Holdings, Toray, Solvay, Formosa Plastic Corporation, Jiangsu Hengshen Co. Ltd., DowAksa, Teijin Limited, SGL Carbon, and Hyosung Advanced Material.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country level analysis of the industry


1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency Used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global Carbon Fiber Market
2.1.1. Main Objective of the Global Carbon Fiber Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL CARBON FIBER MARKET AMID COVID-19
6 GLOBAL CARBON FIBER MARKET REVENUE (USD MN), 2019-2027F
7 MARKET INSIGHTS BY RAW MATERIAL
7.1. PAN
7.2. Pitch
8 MARKET INSIGHTS BY FIBER TYPE
8.1. Virgin
8.2. Recycled
9 MARKET INSIGHTS BY PRODUCT TYPE
9.1. Continuous
9.2. Long
9.3. Short
10 MARKET INSIGHTS BY TOW TYPE
10.1. Regular
10.2. Large
11 MARKET INSIGHTS BY MODULUS
11.1. Standard
11.2. Intermediate
11.3. High
12 MARKET INSIGHTS BY APPLICATION
12.1. Composite
12.2. Non-Composite
13 MARKET INSIGHTS BY END USER
13.1. Aerospace & Defence
13.2. Automotive
13.3. Wind Energy
13.4. Sport
13.5. Electrical & Electronics
13.6. Construction
13.7. Marine
13.8. Others
14 MARKET INSIGHTS BY REGION
14.1. North America Carbon Fiber Market
14.1.1. United States
14.1.2. Canada
14.2. Europe Carbon Fiber Market
14.2.1. Germany
14.2.2. United Kingdom
14.2.3. France
14.2.4. Spain
14.2.5. Italy
14.2.6. Rest of Europe
14.3. Asia-Pacific Carbon Fiber Market
14.3.1. China
14.3.2. Japan
14.3.3. India
14.3.4. South Korea
14.3.5. Australia
14.3.6. Rest of Asia-Pacific
14.4. Rest of World Carbon Fiber Market
15 CARBON FIBER MARKET DYNAMICS
15.1. Market Drivers
15.2. Market Challenges
15.3. Impact Analysis
16 CARBON FIBER MARKET OPPORTUNITIES
17 CARBON FIBER MARKET TRENDS
18 LEGAL & REGULATORY FRAMEWORK
19 DEMAND AND SUPPLY SIDE ANALYSIS
19.1. Demand Side Analysis
19.2. Supply Side Analysis
19.2.1. Top Product Launches
19.2.2. Top Business Partnerships
19.2.3. Top Business Expansions, Investments and Divestitures
19.2.4. Top Merger and Acquisitions
20 VALUE CHAIN ANALYSIS
21 COMPETITIVE SCENARIO
21.1. Porter’s Five Forces Analysis
21.1.1. Bargaining power of Supplier
21.1.2. Bargaining power of Buyer
21.1.3. Industry Rivalry
21.1.4. Availability of Substitute
21.1.5. Threat of new Entrants
21.2. Competitive Landscape
21.2.1. Company Shares, By Revenue
22 COMPANY PROFILED
22.1. Toray
22.2. Teijin Limited
22.3. SGL Carbon
22.4. Mitsubishi Chemical Holdings
22.5. Hexcel Corporation
22.6. Solvay
22.7. Formosa Plastic Corporation
22.8. Jiangsu Hengshen Co. Ltd.
22.9. DowAksa
22.10. Hyosung Advanced Materials
23 DISCLAIMER

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