Carbon Fiber Market Analysis and Forecast to 2032: By Raw Material (PAN–based carbon fiber, Pitch–based carbon fiber), Product Type (Continuous carbon fiber, Long carbon fiber), Fiber Type (Virgin carbon fiber, Recycled carbon fiber), Modulus (Standard modulus, Intermediate modulus, High modulus), Application (Composite, Non-composite), End-use Industry (Aerospace & defense, Automotive, Wind Energy, Sporting goods, Electrical & electronics, Civil engineering, Pipe & tank, Marine, Others), and Region
Carbon fiber is a strong, lightweight material that is used in a variety of applications, including aerospace, automotive, and sporting goods. Carbon fiber is made from carbon-based materials, such as polyacrylonitrile (PAN) or pitch, and is produced by a process called carbonization, in which the material is heated to high temperatures in an inert atmosphere. The resulting product is a carbon fiber that is composed of long, thin, and strong fibers. Carbon fiber has a variety of advantages over other materials, including its high strength-to-weight ratio, high stiffness, and low thermal expansion. Additionally, carbon fiber is resistant to chemical attack and is non-conductive.
Report Coverage
| Report Attribute | Details |
|---|---|
| Historic Period | 2015-2020 |
| Forecast Period | 2022-2031 |
| Base Year | 2021 |
| Segments Covered | Raw Material, Product Type, Fiber Type, Modulus, Application, End-use Industry |
| Key Companies | Toray, Teijin Limited, SGL Carbon, Mitsubishi Chemical Holdings, Hexcel Corporation, Formosa Plastics Corporation, Solvay, Jiangsu Hengshen Co., Ltd., DowAksa, Hyosung Advanced Materials |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Key Trends and Drivers
One of the major trends in the carbon fiber market is the increasing use of recycled carbon fiber. Recycled carbon fiber is cheaper than virgin carbon fiber and has similar properties. This makes it an attractive option for industries looking to reduce costs.
Another trend in the carbon fiber market is the development of new manufacturing processes. These processes are designed to improve the strength and stiffness of carbon fiber, while also reducing production costs. This is an important trend as it will help the carbon fiber market compete with other materials, such as aluminum and steel.
Finally, the carbon fiber market is also seeing an increase in the use of nanotechnology. Nanotechnology is used to create extremely strong and lightweight carbon fibers. This is an important trend as it has the potential to revolutionize the way that products are made.
Restraints & Challenges
The lack of a clear government policy framework is a key restraint for the growth of the carbon fiber market. The fragmented nature of the carbon fiber market is another challenge that market participants face. The high cost of raw materials is another challenge for the market participants. The volatile nature of raw material prices creates uncertainty in the market. The lack of technological know-how is another challenge for the market participants.
Market Segments
By Raw Material
- PAN–based carbon fiber
- Pitch–based carbon fiber
By Product Type
- Continuous carbon fiber
- Long carbon fiber
- Short carbon fiber
By Fiber Type
- Virgin carbon fiber
- Recycled carbon fiber
By Modulus
- Standard modulus
- Intermediate modulus
- High modulus
By Application
- Composite
- Non-composite
By End-use Industry
- Aerospace & Defense
- Automotive
- Wind Energy
- Sporting goods
- Electrical & electronics
- Civil engineering
- Pipe & tank
- Marine
- Others
Key Players
- Toray
- Teijin Limited
- SGL Carbon
- Mitsubishi Chemical Holdings
- Hexcel Corporation
- Formosa Plastics Corporation
- Solvay
- Jiangsu Hengshen Co., Ltd.
- DowAksa
- Hyosung Advanced Materials
Table of Contents
1. Carbon Fiber Market Overview
1.1 Objectives of the Report
1.2 Market Definition and Scope of the Report
1.3 Research Limitations
1.4 Research Methodologies
1.4.1 Secondary Research
1.4.2 Market Size Estimation Technique
1.4.3 Forecasting
1.4.4 Primary Research and Data Validation
2. Executive Summary
2.1 Summary
2.2 Key Findings of the Market
3. Premium Insights on the Market
3.1 Market Attractiveness Analysis, by Region
3.2 Market Attractiveness Analysis, by Precursor
3.3 Market Attractiveness Analysis, by Application
3.4 Market Attractiveness Analysis, by Tow
4. Carbon Fiber Market Outlook
4.1 Market Segmentation
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunities
4.3 Porters Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitution
4.3.5 Competitive Rivalry
4.4 PESTLE Analysis
4.5 Value Chain Analysis
4.6 Impact of COVID-19 on the Market
4.7 Impact of the Russia and Ukraine War
5. Carbon Fiber Market by Precursor
5.1 Overview
5.2 Market Size and Forecast
5.3 PAN
5.3.1 Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region
5.4 Pitch
5.4.1 Key Market Trends & Opportunity Analysis
5.4.2 Market Size and Forecast, by Region
6. Carbon Fiber Market by Application
6.1 Overview
6.2 Market Size and Forecast
6.3 Aviation, Aerospace & Defense
6.3.1 Key Market Trends & Opportunity Analysis
6.3.2 Market Size and Forecast, by Region
6.4 Automotive
6.4.1 Key Market Trends & Opportunity Analysis
6.4.2 Market Size and Forecast, by Region
6.5 Wind Turbines
6.5.1 Key Market Trends & Opportunity Analysis
6.5.2 Market Size and Forecast, by Region
6.5 Sports & Leisure
6.5.1 Key Market Trends & Opportunity Analysis
6.5.2 Market Size and Forecast, by Region
6.6 Construction
6.6.1 Key Market Trends & Opportunity Analysis
6.6.2 Market Size and Forecast, by Region
6.7 Others
6.7.1 Key Market Trends & Opportunity Analysis
6.7.2 Market Size and Forecast, by Region
7. Carbon Fiber Market by Tow
7.1 Overview
7.2 Market Size and Forecast
7.3 Large TOW
7.3.1 Key Market Trends & Opportunity Analysis
7.3.2 Market Size and Forecast, by Region
7.4 Small TOW
7.4.1 Key Market Trends & Opportunity Analysis
7.4.2 Market Size and Forecast, by Region
8. Carbon Fiber Market by Region
8.1. Overview
8.2. North America
8.2.1.Key Market Trends and Opportunities
8.2.2.Market Size and Forecast by Precursor
8.2.3.Market Size and Forecast by Application
8.2.4.Market Size and Forecast by Tow
8.2.5.Market Size and Forecast by Country
8.2.6.The U.S.
8.2.6.1. Market Size and Forecast by Precursor
8.2.6.2. Market Size and Forecast by Application
8.2.6.3. Market Size and Forecast by Tow
8.2.7. Canada
8.2.7.1. Market Size and Forecast by Precursor
8.2.7.2. Market Size and Forecast by Application
8.2.7.3. Market Size and Forecast by Tow
8.2.8. Mexico
8.2.8.1. Market Size and Forecast by Precursor
8.2.8.2. Market Size and Forecast by Application
8.2.8.3. Market Size and Forecast by Tow
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Market Size and Forecast by Precursor
8.3.3. Market Size and Forecast by Application
8.3.4. Market Size and Forecast by Tow
8.3.5. Market Size and Forecast by Country
8.3.6. Germany
8.3.6.1. Market Size and Forecast by Precursor
8.3.6.2. Market Size and Forecast by Application
8.3.6.3. Market Size and Forecast by Tow
8.3.7. France
8.3.7.1. Market Size and Forecast by Precursor
8.3.7.2. Market Size and Forecast by Application
8.3.7.3. Market Size and Forecast by Tow
8.3.8. The UK
8.3.8.1. Market Size and Forecast by Precursor
8.3.8.2. Market Size and Forecast by Application
8.3.8.3. Market Size and Forecast by Tow
8.3.9. Spain
8.3.9.1. Market Size and Forecast by Precursor
8.3.9.2. Market Size and Forecast by Application
8.3.9.3. Market Size and Forecast by Tow
8.3.10. Italy
8.3.10.1. Market Size and Forecast by Precursor
8.3.10.2. Market Size and Forecast by Application
8.3.10.3. Market Size and Forecast by Tow
8.3.11. Rest of Europe
8.3.11.1. Market Size and Forecast by Precursor
8.3.11.2. Market Size and Forecast by Application
8.3.11.3. Market Size and Forecast by Tow
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Market Size and Forecast by Precursor
8.4.3. Market Size and Forecast by Application
8.4.4. Market Size and Forecast by Tow
8.4.5. Market Size and Forecast by Country
8.4.6. China
8.4.6.1. Market Size and Forecast by Precursor
8.4.6.2. Market Size and Forecast by Application
8.4.6.3. Market Size and Forecast by Tow
8.4.7. India
8.4.7.1. Market Size and Forecast by Precursor
8.4.7.2. Market Size and Forecast by Application
8.4.7.3. Market Size and Forecast by Tow
8.4.8. Japan
8.4.8.1. Market Size and Forecast by Precursor
8.4.8.2. Market Size and Forecast by Application
8.4.8.3. Market Size and Forecast by Tow
8.4.9. South Korea
8.4.9.1. Market Size and Forecast by Precursor
8.4.9.2. Market Size and Forecast by Application
8.4.9.3. Market Size and Forecast by Tow
8.4.10. Rest of APAC
8.4.10.1. Market Size and Forecast by Precursor
8.4.10.2. Market Size and Forecast by Application
8.4.10.3. Market Size and Forecast by Tow
8.5. Rest of the World
8.5.1. Key Market Trends and Opportunities
8.5.2. Market Size and Forecast by Precursor
8.5.3. Market Size and Forecast by Application
8.5.4. Market Size and Forecast by Tow
8.5.5. Market Size and Forecast by Country
8.5.6. Latin America
8.5.6.1. Market Size and Forecast by Precursor
8.5.6.2. Market Size and Forecast by Application
8.5.6.3. Market Size and Forecast by Tow
8.5.7. The Middle East
8.5.7.1. Market Size and Forecast by Precursor
8.5.7.2. Market Size and Forecast by Application
8.5.7.3. Market Size and Forecast by Tow
8.5.8. Africa
8.5.8.1. Market Size and Forecast by Precursor
8.5.8.2. Market Size and Forecast by Application
8.5.8.3. Market Size and Forecast by Tow
9. Competitive Landscape
9.1 Overview
9.2 Market Share Analysis
9.3 Ranking by Carbon Fiber Market Revenue
9.4 Vendor Benchmarking
9.5 Developmental Strategy Benchmarking
9.5.1. Acquisitions & Mergers
9.5.2. Product Launches & Developments
9.5.3. Business Expansions
9.5.4. Partnerships, Joint Ventures, and Collaborations
10. Company Profiles
10.1 Toray
10.1.1 Company Snapshot
10.1.2 Business Performance
10.1.3 Product Offerings
10.1.4 Key Developmental Strategies
10.1.5 SWOT Analysis
10.2 Teijin Limited
10.3 SGL Carbon
10.4 Mitsubishi Chemical Holdings
10.5 Hexcel Corporation
10.6 Formosa Plastics Corporation
10.7 Solvay
10.8 Jiangsu Hengshen Co., Ltd.
10.9 DowAksa
10.10 Hyosung Advanced Materials
*The list of company is subject to change during the final compilation of the report
Key Players
- Toray
- Teijin Limited
- SGL Carbon
- Mitsubishi Chemical Holdings
- Hexcel Corporation
- Formosa Plastics Corporation
- Solvay
- Jiangsu Hengshen Co., Ltd.
- DowAksa
- Hyosung Advanced Materials
Market Segments
By Raw Material
- PAN–based carbon fiber
- Pitch–based carbon fiber
By Product Type
- Continuous carbon fiber
- Long carbon fiber
- Short carbon fiber
By Fiber Type
- Virgin carbon fiber
- Recycled carbon fiber
By Modulus
- Standard modulus
- Intermediate modulus
- High modulus
By Application
- Composite
- Non-composite
By End-use Industry
- Aerospace & Defense
- Automotive
- Wind Energy
- Sporting goods
- Electrical & electronics
- Civil engineering
- Pipe & tank
- Marine
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA