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Carbon Fibers - Global Market Trajectory & Analytics

  • ID: 992786
  • Report
  • July 2020
  • Region: Global
  • 132 Pages
  • Global Industry Analysts, Inc
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Global Carbon Fibers Market to Reach $7.2 Billion by 2027

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.
Note: Product cover images may vary from those shown
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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

Note: Product cover images may vary from those shown
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