CFRP in Construction Driving the Market
CFRP has excellent stiffness, low thermal expansion, high tensile strength and good temperature tolerance. They are widely used in the construction industry for precast concrete panels, bridge construction and building construction to withstand tornadoes. The wall panels with carbon fiber reinforced panels weigh 40% less than the traditional precast panels. The positive outlook towards the construction of residential buildings in the United States and Canada is expected to drive the advanced carbon materials market in the coming years. The US Department of Housing and Urban Development has given permits to 1,396,000 residential buildings in 2018.
Aerospace and Defense is the Dominating End-user Industry
The global advanced carbon materials market, based on the end-user industry, can be broadly segmented into aerospace and defense, electronics, sports, automotive, construction, energy, and others. Aerospace and defense industry is expected to dominate the advanced carbon materials market, accounting for one-third of the total market share. The manufacturers are focusing on composite solutions to meet the need to reduce weight and increase the fuel efficiency. The automotive industry is expected to be the fastest growing, owing to the increasing investments in electric vehicles in China and India. The electric vehicle sales have increased by more than 32% over the last five years.
Growing Airplane Demand Driving the Asia-Pacific Market
In terms of consumption in 2017, Europe held a significant market share. Asia-Pacific is expected to be an emerging market during the forecast period with increase in automotive manufacturing facilities in China, India, Indonesia, and Thailand. The new agreements and construction plans in Asia-Pacific are coming up to meet the growing demand for travel. In May 2017, the United States aircraft giant, Boeing, had started to build its first overseas factory in China aiming to deliver 100 Boeing 737 planes per year.
Notable Developments in the Market
In September 2017, Hexcel launched its GBP 7.4 million project in the United Kingdom for the production of new carbon fiber fabrics for aerospace and automotive composite structures.
Major players: Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites, Inc., Toray Industries, Inc., Toho Tenax Europe GmbH, and Nippon Graphite Fiber Co., Ltd, among others.
Reason to Purchase the Report
- To understand the impact of various product type on the market.
- Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
- To understand the dominating product type and end-user industry in the market.
- To identify the countries expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Rising Demand of Carbon Fiber Reinforced Plastic in Construction Industry
4.1.2 Increasing Focus Toward Lightweight Composites from Automotive and Aviation Industry
4.2.1 High Cost of Carbon Fiber Composites
4.2.2 Wastage in the Production of Finished Product
4.3.1 Production of Advanced Carbon Materials from Biowaste
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 Carbon Fibers
5.1.2 Structural Graphite
5.1.3 Carbon Nanotubes
5.1.5 Carbon Foams
5.2 By End-user Industry
5.2.1 Aerospace & Defense
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.7 Rest of Europe
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 United Arab Emirates
6.5.3 South Africa
6.5.4 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.2 Arry International Group Limited
8.3 CVD Equipment Corporation
8.6 Grupo Antolin
8.7 Grupo Graphenano
8.8 Haydale Graphene Industries PLC
8.9 Hexcel Corporation
8.10 Mersen Group
8.11 Mitsubishi Chemical Carbon Fiber and Composites, Inc.
8.12 Nanothinx S.A.
8.13 Nippon Graphite Fiber Co., Ltd
8.14 Showa Denko KK
8.15 Thomas Swan & Co. Ltd
8.16 Toho Tenax Europe GmbH
8.17 Toray Industries, Inc.
*List not exhaustive
**Subject to availability on public domain
- Hexcel Corporation
- Mitsubishi Chemical Carbon Fiber And Composites Inc.
- Toray Industries Inc.
- Toho Tenax Europe Gmbh
- Nippon Graphite Fiber Co. Ltd
- Arkema Sa
- Arry International Group Limited
- Cvd Equipment Corporation
- Grupo Graphenano
- Grupo Antolin
- Haydale Graphene Industries Plc
- Mersen Group
- Nanothinx S.A.
- Showa Denko KK