Report Detail
Carbon Fiber Market to 2027 - Global Analysis and Forecasts by Precursor (PAN, Pitch); Form (Composite, Non-Composite); End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, Others), and Geography
- RnM3806292 |
- 07 October, 2019 |
- Global |
- 158 Pages |
- The Insight Partners |
- Other
The global carbon fiber market accounted for US$ 3,052 Mn in 2018 and is expected to grow at a CAGR of 11.1% during the forecast period 2019 - 2027, to account to US$ 7,763.4 Mn by 2027. Carbon fiber is defined as a long thin strand of material which is made up of carbon atoms and has a diameter of about 0.005mm to 0.010mm. Such fibers provide high tensile strength along with high-temperature tolerance and durability. Carbon fibers possess excellent corrosion resistance, higher stiffness and strength, and longer lifespans than other materials, such as aluminum and steel. Hence, these fibers find their application in broad end-use industries. They are used in various applications such as aerospace & defense, automotive, construction, and others. The wide range of application boost the growth of carbon fiber market. However, the high costs of manufacturing and processes is forecast to limits the growth of carbon fiber market over the forecast period.
The automotive manufacturers are demanding new and innovative high-quality material for producing automotive components. These materials have to fulfill the high-performance need of automotive manufacturers and also meet the needs of the customer and society. Among the various materials, carbon fiber is considered as one of the most suitable materials for lightweight automobile parts. Moreover, the carbon-fiber-reinforced composites are used as the essential materials to substitute body and other parts in an automobile. The usage of carbon fiber in the automobile application has improved brake, and steering, durability, and high fuel efficiency leading to energy conservation and minimizing carbon dioxide emissions. Leading automotive manufacturers are using carbon fiber for manufacturing components. This further provides a lucrative opportunity for the key players operating in the carbon fiber market.
Growing demand to utilize renewable resources has led to a surge in the installation and demand for wind farms, with large tracts of land and coastal areas devoted to the operation of wind turbines. The wind turbine manufacturers strive to produce more efficient and longer blades. Advanced composite materials such as carbon fiber are a growing part of the construction of wind turbines, specifically the blades. The companies operating in the market has discovered that the longer the blades are on a turbine, the more energy can be generated. The carbon fiber plays a very important role in the wind energy industry. The material stiffness and deflection properties are taken into consideration while designing large blades. Thus, the aforementioned factors depict that favorable government initiatives are boosting the growth of the global carbon fiber market.
Some of the players present in global carbon fiber market are DowAksa, Formosa Plastics Corporation, Hexcel Corporation, Hyosung Corporation, Kureha Corporation, Mitsubishi Chemical Corporation, SGL Carbon, Solvay, Teijin Limited, Toray Industries, Inc., among others.
The overall global carbon fiber market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the carbon fiber market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the carbon fiber market.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Carbon Fiber Market, by Precursor
- 1.3.2 Carbon Fiber Market, by Form
- 1.3.3 Carbon Fiber Market, by End Use Industry
- 1.3.4 Carbon Fiber Market, by Geography
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Carbon Fiber Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 PEST Analysis: North American Carbon Fiber Market
- 4.2.2 PEST Analysis: Europe Carbon Fiber Market
- 4.2.3 PEST Analysis: APAC Carbon Fiber Market
- 4.2.4 PEST Analysis: RoW Carbon Fiber Market
- 4.3 Expert Opinions
5. Carbon Fiber Market - Key Industry Dynamics
- 5.1 Key Market Drivers
- 5.1.1 Rising demands from automotive and aerospace industrial applications
- 5.1.2 Increasing usage of carbon Fiber in wind energy industry
- 5.2 Key Market Restraints
- 5.2.1 High costs and other disadvantages associated with carbon Fibers
- 5.3 Key Market Opportunities
- 5.3.1 Increasing usage of carbon Fiber in the sporting goods industry
- 5.4 Key Future Trends
- 5.4.1 Increasing use of carbon in 3D printing
- 5.5 Impact Analysis
6. Carbon Fiber- Global Market Analysis
- 6.1 Global Carbon Fiber Market Overview
- 6.2 Global Carbon Fiber Market Forecast And Analysis
- 6.3 Market Positioning - Global Market Players Ranking
7. Global Carbon Fiber Market Analysis - by Precursor
- 7.1 Overview
- 7.2 Global Carbon Fiber Market Breakdown, By Precursor, 2018 & 2027
- 7.3 Polyacrylonitrile (PAN)
- 7.3.1 Overview
- 7.3.2 Global PAN Market Revenue Forecasts to 2027 (US$ Mn)
- 7.4 Pitch
- 7.4.1 Overview
- 7.4.2 Global Pitch Market Revenue Forecasts to 2027 (US$ Mn)
8. Global Carbon Fiber Market Analysis - By Form
- 8.1 Overview
- 8.2 Global Carbon Fiber Market Breakdown, By Form, 2018 & 2027
- 8.3 Composite
- 8.3.1 Overview
- 8.3.2 Global Composite Market Revenue and Forecasts to 2027 (US$ Mn)
- 8.4 Non-Composite
- 8.4.1 Overview
- 8.4.2 Global Non-Composite Market Revenue and Forecasts to 2027 (US$ Mn)
9. Global Carbon Fiber Market Analysis - By End-Use Industry
- 9.1 Overview
- 9.2 Global Carbon Fiber Market Breakdown, By End-Use Industry, 2018 & 2027
- 9.3 Automotive
- 9.3.1 Overview
- 9.3.2 Global Automotive Market Revenue and Forecasts to 2027 (US$ MN)
- 9.4 Aerospace and Defence
- 9.4.1 Overview
- 9.4.2 Global Aerospace and Defence Revenue And Forecasts to 2027 (US$ MN)
- 9.5 Construction
- 9.5.1 Overview
- 9.5.2 Global Construction Revenue and Forecasts to 2027 (US$ MN)
- 9.6 Sporting Goods
- 9.6.1 Overview
- 9.6.2 Global Sporting Goods Revenue and Forecasts to 2027 (US$ MN)
- 9.7 Wind Energy
- 9.7.1 Overview
- 9.7.2 Global Wind Energy Revenue and Forecasts to 2027 (US$ MN)
- 9.8 Others
- 9.8.1 Overview
- 9.8.2 Global Others Revenue and Forecasts to 2027 (US$ MN)
10. Geographic Analysis Of Carbon Fiber Market
- 10.1 Overview
- 10.2 North America Carbon Fiber Market Revenue And Forecasts To 2027
- 10.2.1 North American Carbon Fiber Market Revenue and Forecasts to 2027 (US$ Mn)
- 10.2.2 North America Carbon Fiber Market Breakdown by Precursor
- 10.2.3 North American Carbon Fiber Market Breakdown by Form
- 10.2.4 North American Carbon Fiber Market Breakdown by End Use Industry
- 10.2.5 North American Carbon Fiber Market Breakdown, by Key Country
- 10.2.5.1 US Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
- 10.2.5.1.1 US Carbon Fiber Market Breakdown by Precursor
- 10.2.5.1.2 U.S. Carbon Fiber Market Breakdown by Form
- 10.2.5.1.3 US Carbon Fiber Market Breakdown by End Use Industry
- 10.2.5.2 Canada Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
- 10.2.5.2.1 Canada Carbon Fiber Market Breakdown by Precursor
- 10.2.5.2.2 Canada Carbon Fiber Market Breakdown by Form
- 10.2.5.2.3 Canada Carbon Fiber Market Breakdown by End Use Industry
- 10.2.5.3 Mexican Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
- 10.2.5.3.1 Mexico Carbon Fiber Market Breakdown by Precursor
- 10.2.5.3.2 Mexico Carbon Fiber Market Breakdown by Form
- 10.2.5.3.3 Mexico Carbon Fiber Market Breakdown by End Use Industry
- 10.3 European Carbon Fiber Market Revenue And Forecasts To 2027
- 10.3.1 Europe Carbon Fiber Market Revenue and Forecasts to 2027 (US$ Mn)
- 10.3.2 Europe Carbon Fiber Market Breakdown by Precursor
- 10.3.3 Europe Carbon Fiber Market Breakdown by Form
- 10.3.4 Europe Carbon Fiber Market Breakdown by End Use Industry
- 10.3.5 European Carbon Fiber Market Breakdown, by Country
- 10.3.5.1 German Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
- 10.3.5.1.1 Germany Carbon Fiber Market Breakdown by Precursor
- 10.3.5.1.2 Germany Carbon Fiber Market Breakdown by Form
- 10.3.5.1.3 Germany Carbon Fiber Market Breakdown by End Use Industry
- 10.3.5.2 UK Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
- 10.3.5.2.1 UK Carbon Fiber Market Breakdown by Precursor
- 10.3.5.2.2 UK Carbon Fiber Market Breakdown by Form
- 10.3.5.2.3 UK Carbon Fiber Market Breakdown by End Use Industry
- 10.3.5.3 France Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
- 10.3.5.3.1 France Carbon Fiber Market Breakdown by Precursor
- 10.3.5.3.2 France Carbon Fiber Market Breakdown by Form
- 10.3.5.3.3 France Carbon Fiber Market Breakdown by End Use Industry
- 10.3.5.4 Hungary Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
- 10.3.5.4.1 Hungary Carbon Fiber Market Breakdown by Precursor
- 10.3.5.4.2 Hungary Carbon Fiber Market Breakdown by Form
- 10.3.5.4.3 Hungary Carbon Fiber Market Breakdown by End Use Industry
- 10.3.5.5 Russia Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
- 10.3.5.5.1 Russia Carbon Fiber Market Breakdown by Precursor
- 10.3.5.5.2 Russia Carbon Fiber Market Breakdown by Form
- 10.3.5.5.3 Russia Carbon Fiber Market Breakdown by End Use Industry
- 10.3.5.6 Rest Of Europe Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
- 10.3.5.6.1 Rest of Europe Carbon Fiber Market Breakdown by Precursor
- 10.3.5.6.2 Rest of Europe Carbon Fiber Market Breakdown by Form
- 10.3.5.6.3 Rest of Europe Carbon Fiber Market Breakdown by End Use Industry
- 10.4 APAC Carbon Fiber Market Revenue And Forecasts To 2027
- 10.4.1 APAC Carbon Fiber Market Revenue Forecasts to 2027 (US$ Mn)
- 10.4.2 APAC Carbon Fiber Market Breakdown by Precursor
- 10.4.3 APAC Carbon Fiber Market Breakdown by Form
- 10.4.4 APAC Carbon Fiber Market Breakdown by End Use Industry
- 10.4.5 APAC Carbon Fiber Market Breakdown, by Country
- 10.4.5.1 China Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )
- 10.4.5.1.1 China Carbon Fiber Market Breakdown by Precursor
- 10.4.5.1.2 China Carbon Fiber Market Breakdown by Form
- 10.4.5.1.3 China Carbon Fiber Market Breakdown by End Use Industry
- 10.4.5.2 India Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )
- 10.4.5.2.1 India Carbon Fiber Market Breakdown by Precursor
- 10.4.5.2.2 India Carbon Fiber Market Breakdown by Form
- 10.4.5.2.3 India Carbon Fiber Market Breakdown by End Use Industry
- 10.4.5.3 Japan Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )
- 10.4.5.3.1 Japan Carbon Fiber Market Breakdown by Precursor
- 10.4.5.3.2 Japan Carbon Fiber Market Breakdown by Form
- 10.4.5.3.3 Japan Carbon Fiber Market Breakdown by End Use Industry
- 10.4.5.4 South Korea Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )
- 10.4.5.4.1 South Korea Carbon Fiber Market Breakdown by Precursor
- 10.4.5.4.2 South Korea Carbon Fiber Market Breakdown by Form
- 10.4.5.4.3 South Korea Carbon Fiber Market Breakdown by End Use Industry
- 10.4.5.5 Taiwan Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )
- 10.4.5.5.1 Taiwan Carbon Fiber Market Breakdown by Precursor
- 10.4.5.5.2 Taiwan Carbon Fiber Market Breakdown by Form
- 10.4.5.5.3 Taiwan Carbon Fiber Market Breakdown by End Use Industry
- 10.4.5.6 Rest of APAC Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN )
- 10.4.5.6.1 Rest of APAC Carbon Fiber Market Breakdown by Precursor
- 10.4.5.6.2 Rest of APAC Carbon Fiber Market Breakdown by Form
- 10.4.5.6.3 Rest of APAC Carbon Fiber Market Breakdown by End Use Industry
- 10.5 RoW Carbon Fiber Market Revenue And Forecasts To 2027
- 10.5.1 RoW Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
- 10.5.2 RoW Carbon Fiber Market Breakdown by Precursor
- 10.5.3 RoW Carbon Fiber Market Breakdown by Form
- 10.5.4 RoW Carbon Fiber Market Breakdown by End Use Industry
- 10.5.5 RoW Carbon Fiber Market Breakdown, by Country
- 10.5.5.1 Brazil Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN )
- 10.5.5.1.1 Brazil Carbon Fiber Market Breakdown by Precursor
- 10.5.5.1.2 Brazil Carbon Fiber Market Breakdown by Form
- 10.5.5.1.3 Brazil Carbon Fiber Market Breakdown by End Use Industry
- 10.5.5.2 Saudi Arabia Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN )
- 10.5.5.2.1 Saudi Arabia Carbon Fiber Market Breakdown by Precursor
- 10.5.5.2.2 Saudi Arabia Carbon Fiber Market Breakdown by Form
- 10.5.5.2.3 Saudi Arabia Carbon Fiber Market Breakdown by End Use Industry
- 10.5.5.3 RoW Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN )
- 10.5.5.3.1 Rest of ROW Carbon Fiber Market Breakdown by Precursor
- 10.5.5.3.2 Rest of ROW Carbon Fiber Market Breakdown by Form
- 10.5.5.3.3 Rest of ROW Carbon Fiber Market Breakdown by End Use Industry
11. Industry Landscape
- 11.1 Merger & acquisition
- 11.2 Product news
- 11.3 Investment Scenario
- 11.4 Market Initiatives
12. Company Profiles
- 12.1 DowAksa
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Formosa Plastics Corporation
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Hexcel Corporation
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Hyosung Corporation
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Kureha Corporation
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.6 Mitsubishi Chemical Corporation
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 SGL Carbon
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Solvay
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Financial Overview
- 12.8.4 SWOT Analysis
- 12.8.5 Key Developments
- 12.9 Teijin Limited
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Toray Industries, Inc.
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners
Summary:
Get latest Market Research Reports on Carbon Fiber . Industry analysis & Market Report on Carbon Fiber is a syndicated market report, published as Carbon Fiber Market to 2027 - Global Analysis and Forecasts by Precursor (PAN, Pitch); Form (Composite, Non-Composite); End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, Others), and Geography. It is complete Research Study and Industry Analysis of Carbon Fiber market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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