Global Carbon-Carbon Composite Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Carbon-Carbon Composite Market is estimated to be USD 6.82 Bn in 2023 and is expected to reach USD 13.26 Bn by 2028 growing at a CAGR of 14.22%.

Market Dynamics

The carbon-carbon composites are widely used in the automotive and aerospace industry due to their lightweight and strong material strength. The growing urbanization and increasing demand for light-weighted material in the construction sector are majorly driving the carbon-carbon composites market. However, the fluctuating raw material prices and difficult process of recycling the composites are anticipated to hamper the market growth.

The increasing demand from emerging countries and the reduction in carbon fibers cost are anticipated to create lucrative opportunities for the market during the forecast period. Additionally, ongoing research and development for the penetration of carbon-carbon composited in new applications are expected to generate untapped opportunities for the market participants.

Market Segmentation

• The Global Carbon-Carbon Composite Market is segmented further based on Type, Raw Material, End User, and Geography.
• By Type, the market is classified into 3D, 2.5D, and 2D. Amongst all, the 3D segment is estimated to hold the highest market share during the forecast period.
• By Raw Material, the market is classified as Polyacrylonitrile, Rayon, and Petroleum Pitch. Amongst all, the Polyacrylonitrile segment is estimated to hold the highest market share during the forecast period.
• By End User, the market is classified as Aerospace & Defence, Automotive, Sports & Leisure, Wind Turbines, and Others. Amongst all, the Aerospace & Defence segment is estimated to hold the highest market share during the forecast period.
• By Geography, North America is projected to lead the market.

Recent Developments

1. Ricoh 3D has partnered with Impossible Objects to launch a new 'Powder-based 3D Composite' materials range. Carbon Fibre PEEK and Carbon Fibre PA12 are compatible with Impossible Objects' proprietary 3D printing technology - Composite-Based Additive Manufacturing (CBAM). - 31st March 2021
2. Hexcel and Safran Expand Scope of Existing Contract for Advanced Composite Materials on Commercial Aerospace Programs - 14th December 2020

Company Profiles

Some of the companies covered in this report are ZOLTEK Corporation, Carbon Composite Inc., Americab Inc, Beijing Great Wall Co, Ltd, 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-Carbon Composite 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 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