Amid the COVID-19 crisis, the global market for Carbon Fibers estimated at US$3.8 Billion in the year 2020, is projected to reach a revised size of US$7.2 Billion by 2027, growing at a CAGR of 9.5% over the analysis period 2020-2027. Aerospace & Defense, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$2.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sporting Goods segment is readjusted to a revised 8.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 8.8% CAGR
The Carbon Fibers market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 7.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.
Automotive Segment to Record 10.3% CAGR
In the global Automotive segment, USA, Canada, Japan, China and Europe will drive the 10.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$438.3 Million in the year 2020 will reach a projected size of US$874.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$821.7 Million by the year 2027.We bring years of research experience to this 19th edition of our report. The 132-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Cytec Solvay Group
- DowAksa
- Formosa Plastics Corporation
- Hexcel Corporation
- Hyosung Corporation
- Mitsubishi Chemical Carbon Fiber and Composites Inc.
- Mitsubishi Chemical Holdings Corporation
- Nippon Graphite Fiber Corporation
- SGL Group - The Carbon Company
- Teijin Ltd.
- Toho Tenax Co. Ltd.
- Toray Industries Inc.
- ZOLTEK™ Carbon Fiber
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Carbon Fiber - An Ideal Lightweight & High-Strength Material for Commercial & Industrial Applications
Current and Future Analysis
Recent Market Activity
Aerospace & Defense Sector Leads Carbon Fiber Usage
Carbon Fiber: Production Scenario
PAN-based Carbon Fibers - A Major Share of the Market
Carbon Fiber Composites Market: Steady Growth Prospects
Carbon Fiber Prepregs Market - Aerospace Sector to Drive Demand
Cost of Carbon Fiber - A Major Limiting Factor
Improving Economy Buoys General Market Optimism
Global Competitor Market Shares
Carbon Fibers Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Cytec Solvay Group (USA)
DowAksa (Turkey)
Formosa Plastics Corporation (Taiwan)
Hexcel Corporation (USA)
Hyosung Corporation (Korea)
Mitsubishi Chemical Holdings Corporation (Japan)
Mitsubishi Chemical Carbon Fiber and Composites, Inc. (USA)
Nippon Graphite Fiber Corporation (Japan)
SGL Group - The Carbon Company (Germany)
Teijin Ltd. (Japan)
Toho Tenax Co., Ltd. (Japan)
Toray Industries, Inc. (Japan)
Toray Composite Materials America, Inc. (USA)
ZOLTEK™ Carbon Fiber (USA)
3. MARKET TRENDS & DRIVERS
Aerospace & Defense Sector: Rising Significance of Carbon Fiber as Manufacturing Material
Rising Demand for New Commercial Aircraft Sets the Tone for Carbon Fibers Market
Increasing Share of Carbon Composites in Commercial Aircraft
Carbon Fiber Composites Find Favor in Aircraft Interiors
Carbon Fiber Emerges as a Material of Choice Replacing Steel in Automotive Industry
Viability of Carbon Fiber for Car Frames
Carbon Fiber Plays Critical Role in Manufacture of Lightweight Vehicles
Environmental Regulations Governing Automotive Industry to Drive Demand
Auto Industry Pursues High-Volume Uses for Carbon Fiber Composites
Development of Innovative Technologies for Carbon Fiber Usage in Mass Production
Hybrid Reinforced Composites - Potential Application in Automotive Industry
Carbon Fiber Fueling Safety in Automotive Industry
Industry Poorly Equipped to Serve Automotive Needs
Carbon Fiber Recycling Presents a Cost-Effective Feedstock Option for Automakers
Wind Energy Sector: Growing Preference for Carbon Fiber over Glass Fiber
Expanding Capacity of Wind Power Promises Growth in Demand for Carbon Fiber
Trend towards Longer & Lightweight Blades Bodes Well for Carbon Fiber Market
Carbon Fiber Holds Advantages over E-glass in Wind Turbine
Challenges Confronting the Switch from E-glass to Carbon Fiber
Carbon Fiber Faces Tough Competition in Wind Turbine Industry
Sports Goods: Rising Potential for Carbon Fiber Usage
Golf Clubs - A Key Carbon Fiber Consumer
Racquets - Sustained Increase in Use of Composites
Snowboards and Skis - A Small Yet Promising Segment
Fishing Rods - Maximum User of Fiber Properties
Carbon Fibers in Sports Wheelchairs for Athletes with Disabilities
Construction Industry: Another Emerging Application for Carbon Fiber
Rising Significance of Carbon Fiber Composites in Building & Construction Industry
Carbon Fiber in Pressure Vessels Manufacturing - A Small Yet Growing Market
Types of Pressure Vessels
MEMS Applications - The Latest Avenue for Carbon Fiber
Composites Find Increased Demand in Marine Industry
Carbon Fiber Resin - Rising Demand for Lightweight Products Fosters Market Growth
Carbon Fiber Recycling - Rising Expectations
Carbon Filler Based Nanocomposites
The LIBRE Project to Develop Novel Technology for Production of Lignin-Derived Carbon Fiber
Carbon Fiber Continues to Face Competition from Traditional Materials
Graphene Fiber - The Latest Development in Carbon Fibers
Complex Recycling & Wasteful Production Process: Issues with Carbon Fiber Use
Carbon Fiber and its Maintenance
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Carbon Fibers Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Carbon Fibers Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Carbon Fibers Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Aerospace & Defense (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 5: Aerospace & Defense (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 6: Aerospace & Defense (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Sporting Goods (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 8: Sporting Goods (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
TABLE 9: Sporting Goods (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: Automotive (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 11: Automotive (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
TABLE 12: Automotive (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Electrical & Electronics (End-Use) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 14: Electrical & Electronics (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 15: Electrical & Electronics (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Wind Energy (End-Use) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 17: Wind Energy (End-Use) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
TABLE 18: Wind Energy (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Civil Engineering (End-Use) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
TABLE 20: Civil Engineering (End-Use) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019
TABLE 21: Civil Engineering (End-Use) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
TABLE 22: Other End-Uses (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 23: Other End-Uses (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 24: Other End-Uses (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Carbon Fibers Market Share (in %) by Company: 2020 & 2025
Market Analytics
TABLE 25: United States Carbon Fibers Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 26: Carbon Fibers Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019
TABLE 27: Carbon Fibers Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027
CANADA
TABLE 28: Canadian Carbon Fibers Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 29: Carbon Fibers Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 30: Canadian Carbon Fibers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
JAPAN
TABLE 31: Japanese Demand Estimates and Forecasts for Carbon Fibers in US$ Million by End-Use: 2020 to 2027
TABLE 32: Japanese Carbon Fibers Market in US$ Million by End-Use: 2012-2019
TABLE 33: Carbon Fibers Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027
CHINA
TABLE 34: Chinese Demand for Carbon Fibers in US$ Million by End-Use: 2020 to 2027
TABLE 35: Carbon Fibers Market Review in China in US$ Million by End-Use: 2012-2019
TABLE 36: Chinese Carbon Fibers Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Carbon Fibers Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
TABLE 37: European Carbon Fibers Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 38: Carbon Fibers Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 39: European Carbon Fibers Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 40: European Carbon Fibers Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 41: Carbon Fibers Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 42: European Carbon Fibers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
FRANCE
TABLE 43: Carbon Fibers Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
TABLE 44: French Carbon Fibers Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 45: French Carbon Fibers Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
GERMANY
TABLE 46: Carbon Fibers Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 47: German Carbon Fibers Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 48: Carbon Fibers Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027
ITALY
TABLE 49: Italian Demand for Carbon Fibers in US$ Million by End-Use: 2020 to 2027
TABLE 50: Carbon Fibers Market Review in Italy in US$ Million by End-Use: 2012-2019
TABLE 51: Italian Carbon Fibers Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED KINGDOM
TABLE 52: United Kingdom Demand Estimates and Forecasts for Carbon Fibers in US$ Million by End-Use: 2020 to 2027
TABLE 53: United Kingdom Carbon Fibers Market in US$ Million by End-Use: 2012-2019
TABLE 54: Carbon Fibers Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 55: Rest of Europe Carbon Fibers Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 56: Carbon Fibers Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 57: Rest of Europe Carbon Fibers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 58: Carbon Fibers Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
TABLE 59: Asia-Pacific Carbon Fibers Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 60: Asia-Pacific Carbon Fibers Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
REST OF WORLD
TABLE 61: Rest of World Carbon Fibers Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 62: Carbon Fibers Market in Rest of World: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 63: Rest of World Carbon Fibers Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 33
