Global Carbon Fiber Market - Segmented by Product Type, End-Use Industry and Geography Trends and Forecasts 2017 - 2022

  • ID: 4390673
  • Report
  • Region: Global
  • 172 pages
  • Mordor Intelligence
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The global carbon fiber market by volume was 65.90 thousand tons in 2015 and is projected to reach 120.75 thousand tons in 2020, witnessing the growth at a CAGR of 12.88% for the forecast period. Carbon fiber is strong and light-weight material. It is a thin strand of carbon, which can be twisted together like a yarn, and they are woven together to form a cloth like structure. Additionally, to give it a shape, it is coated with a plastic or stiff resin. Carbon fibers are generally combined with other materials to form a composite, which when combined with plastic resin and molded forms carbon fiber reinforced polymer.

Carbon fibers, owing to its high tensile strength, light-weight, high chemical resistance, high stiffness, and low thermal expansion and high temperature tolerance, are becoming an integral part of various industrial and commercial applications. In the global carbon fibers market, the following major end-user industry segments were taken into consideration: aerospace and defense, medical, automotive, sporting goods, alternative energy, electronics, construction and infrastructure, textiles, and filtration.

Carbon fiber manufacturers are currently riding on the wave of the growing demand for fuel-efficient vehicles, as well as the focus on production of energy/electricity from renewable sources. Additionally, carbon fibers are being extensively used in the aerospace and defense sector. Aircraft manufacturers, such as Boeing and Airbus, are utilizing carbon fibers in the manufacturing of the aircrafts and aircraft parts, which in turn is aiding in reducing the weight of the aircrafts by approximately 50%. For instance, Boeing manufactured its Boeing 787 Dreamliner mostly of carbon-fiber-reinforced-polymer, instead of the traditional aluminum structure.

Market Dynamics of the Global Carbon Fibers Market:


Increasing demand for fuel-efficient vehicles
Accelerating usage in aerospace and defense
Shifting focus on production of electricity and energy from renewable sources


High investment costs
Inadequate production capacity
Requirement for low-cost technologies

The global carbon fibers market, on the basis of raw material, can be broadly segmented into polyacrylonitrile (PAN), petroleum pitch, and rayon. The global carbon fiber market has been geographically segmented into Asia-Pacific, North America, Europe, South America, and the Middle-East and Africa. In 2015, Asia-Pacific led the market with a share of about 35% and is expected to lead the market during the forecast period.

Furthermore, the increasing application of carbon fibers in wind energy sector, growing emphasis on lignin as raw material for carbon fibers, and development of novel products (carbon fiber quadraxial fabric) will offer numerous opportunities for the growth of the global carbon fibers market. Some of the major companies dominating this market are:
  • Adherent Technologies Inc.
  • Carbon Conversions
  • CFK Valley Stade Recycling GmbH & Co. KG
  • ELG Carbon Fibre Ltd. (Recycled Carbon Fibers)
  • Hexcel Corp.
  • Mitsubishi Rayon Co. Ltd.
  • Teijin Ltd.
  • Toray Industries Inc.
Key Deliverables:

Analysis for the global carbon fiber market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global carbon fiber market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Description
1.2 Research Methodology
2. Executive Summary
3. Carbon Fiber Market
3.1 Overview
3.2 Industry Value Chain Analysis
3.2.1 Raw Material Scenario
3.2.2 Process Additives (Sizing Agents)
3.3 Technological Snapshot
3.3.1 Current Scenario
3.3.2 Patent Analysis
3.3.3 Upcoming Technologies
3.4 Industry Attractiveness Porters Five Force Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Consumers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand for Fuel-Efficient Vehicles
4.1.2 Accelerating Usage in Aerospace and Defense
4.1.3 Shifting Focus on Production of Electricity/Energy from Renewable Sources
4.2 Restraints
4.2.1 High Investment Costs
4.2.2 Inadequate Production Capacity
4.2.3 Requirement for Low-cost Technologies
4.3 Opportunities
4.3.1 Increasing Application in Wind Energy Sector
4.3.2 Growing Popularity of Recycled Carbon Fiber (RCF)
4.3.3 Emphasis on Lignin as Raw Material for Carbon Fibers
4.3.4 Development of Novel Products (Carbon Fiber Quadraxial Fabric)
5.1 By Raw Materials
5.1.1 Polyacrylonitrile (PAN)
5.1.2 Petroleum Pitch
5.1.3 Rayon
5.2 By Type
5.2.1 Virgin Fiber (VCF)
5.2.2 Recycled Fiber (RCF)
5.3 By Application
5.3.1 Composite Materials Carbon Fiber Reinforced Polymer (CFRP) Reinforced carbon-carbon (RCC)
5.3.2 Textiles Woven Non-Woven
5.3.3 Microelectrodes
5.3.4 Catalysis
5.4 By End-user Industry
5.4.1 Aerospace and Defense
5.4.2 Automotive
5.4.3 Sporting Goods
5.4.4 Wind Energy
5.4.5 Construction and Infrastructure
5.4.6 Other Industries
6. Regional Market Analysis (Market size, growth and forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle-East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle-East and Africa
7. Recycled Carbon Fiber
7.1 Comparison with Virgin Fiber (VCF)
7.2 Supply-demand Analysis
8. Competitive Landscape
8.1 Mergers and Acquisition
8.2 Joint Ventures and Collaborations
8.3 Marker Share Analysis
9. Company Profiles (Overview, Financials, Products and Services, Recent Developments)
9.1 A&P Technology
9.2 Applied Sciences Inc.
9.3 Cytec Solvay Group
9.4 Formosa Plastics Corporation - Tairylan Division
9.5 Hexcel Corp.
9.6 Holding Company Composite (HCC)
9.7 Mitsubishi Rayon Co. Ltd.
9.8 Nippon Graphite Fiber Corp.
9.9 Quickstep Technologies
9.10 SABIC
9.11 SGL Group - The Carbon Co.
9.12 Teijin ltd.
9.13 Toray Industries Inc.
9.14 Toho Tenax Co. Ltd.
10. Recyclers Company Profiles
10.1 Adherent Technologies Inc.
10.2 Carbon Conversions
10.3 ELG Carbon Fibre Ltd. (Recycled Carbon Fibers)
10.4 CFK Valley Stade Recycling GmbH & Co.
10.5 Materials Innovation Technologies LLC
10.6 Mitsubishi Rayon Co. Ltd.
10.7 Teijin Ltd.
10.8 Toray Industries Inc.
11. Disclaimer
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Note: Product cover images may vary from those shown