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Global Carbon Fiber Market (2021-2026) by Raw Materials, Fiber Type, Product Type, Modulus, Application, End Users, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 182 Pages
  • October 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5410403
The Global Carbon Fiber Market is estimated to be USD 5.3 Bn in 2021 and is expected to reach USD 8.57 Bn by 2026, growing at a CAGR of 10.1%.

Market Dynamics

Carbon fiber is composed of carbon atoms bonded together to form a long chain that is 5-10 m in diameter. These carbon atoms form a microscopic crystal exhibiting high strength to weight ratio. The rising product usage in the industries such as automotive, wind energy, and aerospace for reducing the weight of the components and parts used in these industries will drive market growth. The companies operating in the market are investing in the development of coal-based carbon fibers that will create new opportunities for product consumption. In addition, the growing use of 3D Printing in several industries will surge the market demand.

However, some factors such as the relatively high cost of carbon fiber and long production cycle may affect the market growth.

Market Segmentation

The Global Carbon Fiber Market is segmented further based on Raw Materials, Fiber Type, Product Type, Modulus, Application, End Users, and Geography.

By Raw Materials, the market is classified as PAN-Based Carbon Fiber, Pitch-Based Carbon Fiber, And Rayon-Based Carbon Fiber. Amongst all, PAN-Based Carbon Fiber is expected to hold the highest market share.

By Fiber Type, the market is classified as Virgin Carbon Fiber and Recycled Carbon Fiber. Amongst the two, the Virgin Carbon Fiber segment is expected to hold the highest market share.

By Product Type, the market is classified as Continuous Carbon Fiber, Long Carbon Fiber, and Short Carbon Fiber. Amongst all, the Continuous Carbon Fiber segment is expected to hold the highest market share.

By Modulus, the market is classified as Standard Modulus, Intermediate Modulus, and High Modulus. Amongst all, the High Modulus segment is expected to hold the highest market share.

By Application, the market is classified as Composite, and Non-Composite. Amongst the two, the Composite segment is expected to hold the highest market share.

By End Users, the market is classified as Aerospace & Defense, Wind Energy, Automotive, Sporting Goods, Pipe & Tank, Civil Engineering, Electrical & Electronics, Marine, and Others. Amongst all, the Aerospace & Defense segment is expected to hold the highest market share.

By Geography, Europe is projected to lead the market.

Recent Developments

1. Zoltek Companies to expand its carbon fiber production facility located at Guadalajara, Mexico. -10th June, 2021

2. Teijin Limited launched new Tenax PW (power series) and Tenax BM (beam series) brands of carbon fiber intermediate materials for sports applications. -26th February, 2021

Company Profiles

Some of the companies covered in this report are Toray Industries, Nippon Graphite Fiber, Formosa Plastic, Solvay, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Carbon Fiber Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Carbon Fiber Market

What is the estimated value of the Global Carbon Fiber Market?

The Global Carbon Fiber Market was estimated to be valued at $5300 Million in 2021.

What is the growth rate of the Global Carbon Fiber Market?

The growth rate of the Global Carbon Fiber Market is 10.1%, with an estimated value of $8570 Million by 2026.

What is the forecasted size of the Global Carbon Fiber Market?

The Global Carbon Fiber Market is estimated to be worth $8570 Million by 2026.

Who are the key companies in the Global Carbon Fiber Market?

Key companies in the Global Carbon Fiber Market include Advanced Composites, Bcircular, Dalian Xingke Carbon Fiber, Dowaksa, ELG Carbon Fiber, Formosa, Hexcel, Hyosung and Jilin Qifeng Chemical Fiber.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Use of Composites in Automotive Components
4.1.2 High Demand for Next-Generation, Single-Aisle Aircraft
4.1.3 Growing Usage in the Wind Energy Industry
4.2 Restraints
4.2.1 High Cost and Long Production Cycle of Carbon Fiber
4.3 Opportunities
4.3.1 Research and Development of Coal-Based Carbon Fiber
4.3.2 Rising Demand from Medical Industry
4.3.3 Increasing Use in 3D Printing
4.4 Challenges
4.4.1 Production of Low-cost Carbon Fiber
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Carbon Fiber Market, By Raw Material
6.1 Introduction
6.2 PAN-based Carbon Fiber
6.2.1 Small
6.2.2 Large
6.3 Pitch-based Carbon Fiber
6.4 Rayon-based Carbon Fiber
7 Global Carbon Fiber Market, By Fiber Type
7.1 Introduction
7.2 Virgin Carbon Fiber
7.3 Recycled Carbon Fiber
8 Global Carbon Fiber Market, By Product Type
8.1 Introduction
8.2 Continuous Carbon Fiber
8.3 Long Carbon Fiber
8.4 Short Carbon Fiber
9 Global Carbon Fiber Market, By Modulus
9.1 Introduction
9.2 Standard Modulus
9.3 Intermediate Modulus
9.4 High Modulus
10 Global Carbon Fiber Market, By Application
10.1 Introduction
10.2 Composite
10.2.1 Prepreg
10.2.2 Molding Compound
10.2.3 Woven Fabric
10.3 Non-composite
11 Global Carbon Fiber Market, By End Users
11.1 Introduction
11.2 Aerospace & Defense
11.2.1 Commercial Aircraft
11.2.2 Regional Jets
11.2.3 General Aviation
11.2.4 Rotorcraft
11.2.5 Defense Aircraft
11.2.6 Others
11.3 Wind Energy
11.4 Automotive
11.4.1 Interior Parts
11.4.2 Exterior Parts
11.5 Sporting Goods
11.6 Pipe & Tank
11.7 Civil Engineering
11.8 Electrical & Electronics
11.9 Marine
11.10 Others
12 Global Carbon Fiber Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 South America
12.3.1 Brazil
12.3.2 Argentina
12.3.3 Chile
12.3.4 Colombia
12.4 Europe
12.4.1 UK
12.4.2 France
12.4.3 Germany
12.4.4 Italy
12.4.5 Spain
12.4.6 Netherlands
12.4.7 Sweden
12.4.8 Russia
12.4.9 Rest of Europe
12.5 Asia-Pacific
12.5.1 China
12.5.2 Japan
12.5.3 India
12.5.4 Indonesia
12.5.5 Malaysia
12.5.6 South Korea
12.5.7 Australia
12.5.8 Sri Lanka
12.5.9 Thailand
12.5.10 Rest of APAC
12.6 Middle-East and Africa
12.6.1 Qatar
12.6.2 Saudi Arabia
12.6.3 South Africa
12.6.4 United Arab Emirates
13 Competitive Landscape
13.1 IGR Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Advanced Composites
14.2 Bcircular
14.3 Dalian Xingke Carbon Fiber
14.4 Dowaksa
14.5 ELG Carbon Fiber
14.6 Formosa
14.7 Hexcel
14.8 Hyosung
14.9 Jiangsu Hengshen
14.10 Jilin Qifeng Chemical Fiber
14.11 Kureha
14.12 Mitsubishi Chemical
14.13 Nippon Graphite Fiber
14.14 Ornl
14.15 SGL Group
14.16 Solvay
14.17 Taekwang Industries
14.18 Teijin Limited
14.19 Toray Industries
14.20 Umatex (Alabuga Fiber)
14.21 Weihai Guangwei Composites
14.22 Zhong An Xin Technology
14.23 Zhongfu Shenying Carbon Fiber
14.24 Zoltek Corporation
15 Appendix
15.1 Questionnaire

Companies Mentioned

  • Advanced Composites
  • Bcircular
  • Dalian Xingke Carbon Fiber
  • Dowaksa
  • ELG Carbon Fiber
  • Formosa
  • Hexcel
  • Hyosung
  • Jiangsu Hengshen
  • Jilin Qifeng Chemical Fiber
  • Kureha
  • Mitsubishi Chemical
  • Nippon Graphite Fiber
  • Ornl
  • SGL Group
  • Solvay
  • Taekwang Industries
  • Teijin Limited
  • Toray Industries
  • Umatex (Alabuga Fiber)
  • Weihai Guangwei Composites
  • Zhong An Xin Technology
  • Zhongfu Shenying Carbon Fiber
  • Zoltek Corporation