North American Carbon Fiber Market 2020-2026

North American Carbon Fiber Market Size, Share & Trends Analysis Report by Raw Material (Polyacrylonitrile (PAN) and Petroleum Pitch & Rayon), By Fiber Type (Virgin Carbon Fiber and Recycled Carbon Fiber), By Industry Vertical (Aerospace & Defense, Automotive, Construction Infrastructure, and Others), and Forecast 2020-2026.

The North American carbon fiber market is estimated to grow significantly at a CAGR of around 8.5% during the forecast period. The market growth is attributed to the significant presence of major end-user industries of carbon fiber in the region. The aviation industry highly relies on light and efficient materials such as carbon fiber owing to its high mechanical and thermal properties. Increasing demand for commercial air transport owing to the rising disposable income and globalization is driving the aviation industry in the region, thereby anticipated to drive the market growth. Further, the presence of major aircraft players in the region creates the demand for the carbon fiber to produce aircraft parts and therefore, contributes to the regional growth of the market.

The North American carbon fiber market is segmented on the basis of raw material, fiber type, and industry vertical. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. Based on the fiber type, the market is classified into virgin carbon fiber and recycled carbon fiber. Based on the industry verticals, the market is classified into aerospace & defense, automotive, construction infrastructure, and others such as sporting goods. Among these, the aerospace & defense industry segment accounted for a major share in the market. The market value is attributed to the increased production by the major aerospace & defense manufacturers. The commercial aerospace industry is the largest user of advanced composites such as carbon fiber. Further, demand by the aerospace & defense industry is primarily attributed to the demand for military aircraft that utilize advanced composites, including both commercial and military aviation.

The companies which are contributing to the growth of the North American carbon fiber market include Hexcel Corp., Mitsubishi Chemical Carbon Fiber and Composites, Inc., Nippon Carbon Co. Ltd., RTP Co., Toray Industries Inc., and others. The market players are considerably contributing to the market growth by adopting various strategies including new product launch, merger, and acquisition, collaborations to stay competitive in the market.

Research Methodology:

The market study of the North American carbon fiber market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for carbon fiber market players, automobile industry, aerospace industry, contract manufacturers, third-party suppliers, raw material suppliers, distributors & traders, industry associates & experts, government organizations, regulatory bodies, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis on market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

1. North American Carbon Fiber Market Research And Analysis By Raw Material
2. North American Carbon Fiber Market Research And Analysis By Fiber Type
3. North American Carbon Fiber Market Research and Analysis by Industry Verticals

The Report Covers:

• Comprehensive research methodology of the North American carbon fiber market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American carbon fiber market.
• Insights about market determinants which are stimulating the North American carbon fiber market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.