Carbon Fiber Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	430 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224313

Best Price Guarantee
Price	from $4,850
Length	430 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224313

Carbon Fiber Market

Growth Factors of Carbon Fiber Market

The carbon fiber market size was valued at USD 3.31 billion in 2023, and the market is now projected to grow from USD 3.59 billion in 2024 to USD 7.05 billion by 2032, exhibiting a CAGR of 8.8% during the forecast period of 2023-2030.

The coronavirus outburst has halted most composites businesses. Due to the nationwide lockdown and a partial shutdown of factories there was a negative impact on the product growth. During the COVID-19 pandemic, automobile designers faced severe impacts. However, the slow but sure opening of economies in 2021 has increased demand for the product for various applications. Thus, the COVID-19 pandemic had overall affected the carbon fiber market growth.

The carbon fiber market share globally has been contributed because of the increasing product utilization in the automotive industry. This fiber is a very lightweight and strong material with a low weight-to-strength ratio. It is five times stronger and two times stiffer than steel. It has superior chemical resistance to steel. These qualities of the product have led to amplify its use in the automotive sector to create lightweight and highly durable vehicles.

The trend is that the research focuses on product manufacturing from non-conventional raw materials to creating growth opportunities. Researchers and company associates are executing projects to adapt coal tar. It is a descendant from coke production for the steel manufacturing into carbon fiber and composites. This new product might increase the coal tar pitch value by five to 55 times its current value and uncover appliances in low-weight and high-stiffness compounds.

Comprehensive Analysis of Carbon Fiber Market

The carbon fiber market and chemicals & advanced materials industry is growing at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the advanced materials industry. These segmentations are methodically segregated as precursor type, tow, and application. The precursor types include PAN and pitch. However, the tow is large and small. The applications are classified as aviation, aerospace & defense, sports & leisure, automotive, wind turbines, construction, and others.

The Asia Pacific region is conducive to the global carbon fiber market, leading to a recall of USD 1.06 billion owing to rapid urbanization and growing government spending on infrastructure projects. The increasing use of construction composites in building tunnels, bridges, and houses in this region is boosting the market expansion.

The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include Toray Industries, Inc. (Japan), Solvay (Belgium), Mitsubishi Chemical Carbon Fiber and Composites, Inc. (U.S.), Hexcel Corporation (U.S.), TEIJIN LIMITED (Japan), ZOLTEK Corporation (U.S.), HYOSUNG ADVANCED MATERIALS (South Korea), Advanced Composites Inc. (U.S.), Nippon Graphite Fiber Co., Ltd. (Japan), and Formosa M Co., Ltd. (South Korea), these market players present a level-playing competitive landscape.

In December 2022, Solvay signed a collaboration letter with Trillium on bio-based acrylonitrile to produce carbon fiber for various applications. The aim of this collaboration is to develop the supply chain for bio-based ACN.

Segmentation Table

Global Carbon Fiber Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 8.8% from 2024 to 2032

Unit Value (USD Billion) and Volume (Tons)

Segmentation By Precursor

PAN
Pitch

By Tow

Large Tow
Small Tow

By Application

Aviation, Aerospace & Defense
Automotive
Wind Turbines
Sports & Leisure
Construction
Others

By Region

North America (By Precursor, By Tow, By Application, By Country)
U.S. (By Precursor, By Tow, By Application)
Canada (By Precursor, By Tow, By Application)

Europe (By Precursor, By Tow, By Application, By Country)

Germany (By Precursor, By Tow, By Application)
U.K. (By Precursor, By Tow, By Application)
France (By Precursor, By Tow, By Application)
Russia (By Precursor, By Tow, By Application)
Rest of Europe (By Precursor, By Tow, By Application)

Asia Pacific (By Precursor, By Tow, By Application, By Country)

China (By Precursor, By Tow, By Application)
India (By Precursor, By Tow, By Application)
Japan (By Precursor, By Tow, By Application)
ASEAN (By Precursor, By Tow, By Application)
Rest of Asia Pacific (By Precursor, By Tow, By Application)

Latin America (By Precursor, By Tow, By Application, By Country)

Brazil (By Precursor, By Tow, By Application)
Mexico (By Precursor, By Tow, By Application)
Rest of Latin America (By Precursor, By Tow, By Application)

Middle East & Africa (By Precursor, By Tow, By Application, By Country)

Middle East (By Precursor, By Tow, By Application)
Africa (By Precursor, By Tow, By Application)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Emerging Trends
4. Key Insights: 4.1. Key Emerging Trends – For Major Countries; 4.2. Industry SWOT Analysis; 4.3. Regulatory Analysis; 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions; 4.5. Impact of COVID-19 on the Market
5. Global Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. By Precursor (Volume/Value); 5.2.1. PAN; 5.2.2. Pitch; 5.3. By Tow (Volume/Value); 5.3.1. Large Tow; 5.3.2. Small Tow; 5.4. By Application (Volume/Value); 5.4.1. Aviation, Aerospace & Defense; 5.4.2. Automotive; 5.4.3. Wind Turbines; 5.4.4. Sports & Leisure; 5.4.5. Construction; 5.4.6. Others; 5.5. By Region (Volume/Value); 5.5.1. North America; 5.5.2. Europe; 5.5.3. Asia Pacific; 5.5.4. Latin America; 5.5.5. Middle East & Africa
6. North America Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. By Precursor (Volume/Value); 6.2.1. PAN; 6.2.2. Pitch; 6.3. By Tow (Volume/Value); 6.3.1. Large Tow; 6.3.2. Small Tow; 6.4. By Application (Volume/Value); 6.4.1. Aviation, Aerospace & Defense; 6.4.2. Automotive; 6.4.3. Wind Turbines; 6.4.4. Sports & Leisure; 6.4.5. Construction; 6.4.6. Others; 6.5. By Country (Volume/Value); 6.5.1. U.S.; 6.5.1.1. By Precursor (Volume/Value); 6.5.1.1.1. PAN; 6.5.1.1.2. Pitch; 6.5.1.2. By Tow (Volume/Value); 6.5.1.2.1. Large Tow; 6.5.1.2.2. Small Tow; 6.5.1.3. By Application (Volume/Value); 6.5.1.3.1. Aviation, Aerospace & Defense; 6.5.1.3.2. Automotive; 6.5.1.3.3. Wind Turbines; 6.5.1.3.4. Sports & Leisure; 6.5.1.3.5. Construction; 6.5.1.3.6. Others; 6.5.2. Canada; 6.5.2.1. By Precursor (Volume/Value); 6.5.2.1.1. PAN; 6.5.2.1.2. Pitch; 6.5.2.2. By Tow (Volume/Value); 6.5.2.2.1. Large Tow; 6.5.2.2.2. Small Tow; 6.5.2.3. By Application (Volume/Value); 6.5.2.3.1. Aviation, Aerospace & Defense; 6.5.2.3.2. Automotive; 6.5.2.3.3. Wind Turbines; 6.5.2.3.4. Sports & Leisure; 6.5.2.3.5. Construction; 6.5.2.3.6. Others
7. Europe Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. By Precursor (Volume/Value); 7.2.1. PAN; 7.2.2. Pitch; 7.3. By Tow (Volume/Value); 7.3.1. Large Tow; 7.3.2. Small Tow; 7.4. By Application (Volume/Value); 7.4.1. Aviation, Aerospace & Defense; 7.4.2. Automotive; 7.4.3. Wind Turbines; 7.4.4. Sports & Leisure; 7.4.5. Construction; 7.4.6. Others; 7.5. By Country (Volume/Value); 7.5.1. Germany; 7.5.1.1. By Precursor (Volume/Value); 7.5.1.1.1. PAN; 7.5.1.1.2. Pitch; 7.5.1.2. By Tow (Volume/Value); 7.5.1.2.1. Large Tow; 7.5.1.2.2. Small Tow; 7.5.1.3. By Application (Volume/Value); 7.5.1.3.1. Aviation, Aerospace & Defense; 7.5.1.3.2. Automotive; 7.5.1.3.3. Wind Turbines; 7.5.1.3.4. Sports & Leisure; 7.5.1.3.5. Construction; 7.5.1.3.6. Others; 7.5.2. U.K.; 7.5.2.1. By Precursor (Volume/Value); 7.5.2.1.1. PAN; 7.5.2.1.2. Pitch; 7.5.2.2. By Tow (Volume/Value); 7.5.2.2.1. Large Tow; 7.5.2.2.2. Small Tow; 7.5.2.3. By Application (Volume/Value); 7.5.2.3.1. Aviation, Aerospace & Defense; 7.5.2.3.2. Automotive; 7.5.2.3.3. Wind Turbines; 7.5.2.3.4. Sports & Leisure; 7.5.2.3.5. Construction; 7.5.2.3.6. Others; 7.5.3. France; 7.5.3.1. By Precursor (Volume/Value); 7.5.3.1.1. PAN; 7.5.3.1.2. Pitch; 7.5.3.2. By Tow (Volume/Value); 7.5.3.2.1. Large Tow; 7.5.3.2.2. Small Tow; 7.5.3.3. By Application (Volume/Value); 7.5.3.3.1. Aviation, Aerospace & Defense; 7.5.3.3.2. Automotive; 7.5.3.3.3. Wind Turbines; 7.5.3.3.4. Sports & Leisure; 7.5.3.3.5. Construction; 7.5.3.3.6. Others; 7.5.4. Russia; 7.5.4.1. By Precursor (Volume/Value); 7.5.4.1.1. PAN; 7.5.4.1.2. Pitch; 7.5.4.2. By Tow (Volume/Value); 7.5.4.2.1. Large Tow; 7.5.4.2.2. Small Tow; 7.5.4.3. By Application (Volume/Value); 7.5.4.3.1. Aviation, Aerospace & Defense; 7.5.4.3.2. Automotive; 7.5.4.3.3. Wind Turbines; 7.5.4.3.4. Sports & Leisure; 7.5.4.3.5. Construction; 7.5.4.3.6. Others; 7.5.5. Rest of Europe; 7.5.5.1. By Precursor (Volume/Value); 7.5.5.1.1. PAN; 7.5.5.1.2. Pitch; 7.5.5.2. By Tow (Volume/Value); 7.5.5.2.1. Large Tow; 7.5.5.2.2. Small Tow; 7.5.5.3. By Application (Volume/Value); 7.5.5.3.1. Aviation, Aerospace & Defense; 7.5.5.3.2. Automotive; 7.5.5.3.3. Wind Turbines; 7.5.5.3.4. Sports & Leisure; 7.5.5.3.5. Construction; 7.5.5.3.6. Others
8. Asia-Pacific Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. By Precursor (Volume/Value); 8.2.1. PAN; 8.2.2. Pitch; 8.3. By Tow (Volume/Value); 8.3.1. Large Tow; 8.3.2. Small Tow; 8.4. By Application (Volume/Value); 8.4.1. Aviation, Aerospace & Defense; 8.4.2. Automotive; 8.4.3. Wind Turbines; 8.4.4. Sports & Leisure; 8.4.5. Construction; 8.4.6. Others; 8.5. By Country (Volume/Value); 8.5.1. China; 8.5.1.1. By Precursor (Volume/Value); 8.5.1.1.1. PAN; 8.5.1.1.2. Pitch; 8.5.1.2. By Tow (Volume/Value); 8.5.1.2.1. Large Tow; 8.5.1.2.2. Small Tow; 8.5.1.3. By Application (Volume/Value); 8.5.1.3.1. Aviation, Aerospace & Defense; 8.5.1.3.2. Automotive; 8.5.1.3.3. Wind Turbines; 8.5.1.3.4. Sports & Leisure; 8.5.1.3.5. Construction; 8.5.1.3.6. Others; 8.5.2. India; 8.5.2.1. By Precursor (Volume/Value); 8.5.2.1.1. PAN; 8.5.2.1.2. Pitch; 8.5.2.2. By Tow (Volume/Value); 8.5.2.2.1. Large Tow; 8.5.2.2.2. Small Tow; 8.5.2.3. By Application (Volume/Value); 8.5.2.3.1. Aviation, Aerospace & Defense; 8.5.2.3.2. Automotive; 8.5.2.3.3. Wind Turbines; 8.5.2.3.4. Sports & Leisure; 8.5.2.3.5. Construction; 8.5.2.3.6. Others; 8.5.3. Japan; 8.5.3.1. By Precursor (Volume/Value); 8.5.3.1.1. PAN; 8.5.3.1.2. Pitch; 8.5.3.2. By Tow (Volume/Value); 8.5.3.2.1. Large Tow; 8.5.3.2.2. Small Tow; 8.5.3.3. By Application (Volume/Value); 8.5.3.3.1. Aviation, Aerospace & Defense; 8.5.3.3.2. Automotive; 8.5.3.3.3. Wind Turbines; 8.5.3.3.4. Sports & Leisure; 8.5.3.3.5. Construction; 8.5.3.3.6. Others; 8.5.4. ASEAN; 8.5.4.1. By Precursor (Volume/Value); 8.5.4.1.1. PAN; 8.5.4.1.2. Pitch; 8.5.4.2. By Tow (Volume/Value); 8.5.4.2.1. Large Tow; 8.5.4.2.2. Small Tow; 8.5.4.3. By Application (Volume/Value); 8.5.4.3.1. Aviation, Aerospace & Defense; 8.5.4.3.2. Automotive; 8.5.4.3.3. Wind Turbines; 8.5.4.3.4. Sports & Leisure; 8.5.4.3.5. Construction; 8.5.4.3.6. Others; 8.5.5. Rest of Asia Pacific; 8.5.5.1. By Precursor (Volume/Value); 8.5.5.1.1. PAN; 8.5.5.1.2. Pitch; 8.5.5.2. By Tow (Volume/Value); 8.5.5.2.1. Large Tow; 8.5.5.2.2. Small Tow; 8.5.5.3. By Application (Volume/Value); 8.5.5.3.1. Aviation, Aerospace & Defense; 8.5.5.3.2. Automotive; 8.5.5.3.3. Wind Turbines; 8.5.5.3.4. Sports & Leisure; 8.5.5.3.5. Construction; 8.5.5.3.6. Others
9. Latin America Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. By Precursor (Volume/Value); 9.2.1. PAN; 9.2.2. Pitch; 9.3. By Tow (Volume/Value); 9.3.1. Large Tow; 9.3.2. Small Tow; 9.4. By Application (Volume/Value); 9.4.1. Aviation, Aerospace & Defense; 9.4.2. Automotive; 9.4.3. Wind Turbines; 9.4.4. Sports & Leisure; 9.4.5. Construction; 9.4.6. Others; 9.5. By Country (Volume/Value); 9.5.1. Brazil; 9.5.1.1. By Precursor (Volume/Value); 9.5.1.1.1. PAN; 9.5.1.1.2. Pitch; 9.5.1.2. By Tow (Volume/Value); 9.5.1.2.1. Large Tow; 9.5.1.2.2. Small Tow; 9.5.1.3. By Application (Volume/Value); 9.5.1.3.1. Aviation, Aerospace & Defense; 9.5.1.3.2. Automotive; 9.5.1.3.3. Wind Turbines; 9.5.1.3.4. Sports & Leisure; 9.5.1.3.5. Construction; 9.5.1.3.6. Others; 9.5.2. Mexico; 9.5.2.1. By Precursor (Volume/Value); 9.5.2.1.1. PAN; 9.5.2.1.2. Pitch; 9.5.2.2. By Tow (Volume/Value); 9.5.2.2.1. Large Tow; 9.5.2.2.2. Small Tow; 9.5.2.3. By Application (Volume/Value); 9.5.2.3.1. Aviation, Aerospace & Defense; 9.5.2.3.2. Automotive; 9.5.2.3.3. Wind Turbines; 9.5.2.3.4. Sports & Leisure; 9.5.2.3.5. Construction; 9.5.2.3.6. Others; 9.5.3. Rest of Latin America; 9.5.3.1. By Precursor (Volume/Value); 9.5.3.1.1. PAN; 9.5.3.1.2. Pitch; 9.5.3.2. By Tow (Volume/Value); 9.5.3.2.1. Large Tow; 9.5.3.2.2. Small Tow; 9.5.3.3. By Application (Volume/Value); 9.5.3.3.1. Aviation, Aerospace & Defense; 9.5.3.3.2. Automotive; 9.5.3.3.3. Wind Turbines; 9.5.3.3.4. Sports & Leisure; 9.5.3.3.5. Construction; 9.5.3.3.6. Others
10. Middle East & Africa Carbon Fiber Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. By Precursor (Volume/Value); 10.2.1. PAN; 10.2.2. Pitch; 10.3. By Tow (Volume/Value); 10.3.1. Large Tow; 10.3.2. Small Tow; 10.4. By Application (Volume/Value); 10.4.1. Aviation, Aerospace & Defense; 10.4.2. Automotive; 10.4.3. Wind Turbines; 10.4.4. Sports & Leisure; 10.4.5. Construction; 10.4.6. Others; 10.5. By Country (Volume/Value); 10.5.1. Middle East; 10.5.1.1. By Precursor (Volume/Value); 10.5.1.1.1. PAN; 10.5.1.1.2. Pitch; 10.5.1.2. By Tow (Volume/Value); 10.5.1.2.1. Large Tow; 10.5.1.2.2. Small Tow; 10.5.1.3. By Application (Volume/Value); 10.5.1.3.1. Aviation, Aerospace & Defense; 10.5.1.3.2. Automotive; 10.5.1.3.3. Wind Turbines; 10.5.1.3.4. Sports & Leisure; 10.5.1.3.5. Construction; 10.5.1.3.6. Others; 10.5.2. Africa; 10.5.2.1. By Precursor (Volume/Value); 10.5.2.1.1. PAN; 10.5.2.1.2. Pitch; 10.5.2.2. By Tow (Volume/Value); 10.5.2.2.1. Large Tow; 10.5.2.2.2. Small Tow; 10.5.2.3. By Application (Volume/Value); 10.5.2.3.1. Aviation, Aerospace & Defense; 10.5.2.3.2. Automotive; 10.5.2.3.3. Wind Turbines; 10.5.2.3.4. Sports & Leisure; 10.5.2.3.5. Construction; 10.5.2.3.6. Others
11. Competitive Analysis: 11.1. Business Strategies Adopted by Leading Players; 11.2. Global Carbon Fiber Market Ranking Analysis, By Key Manufacturer
12. Company Profiles: 12.1. Toray Industries, Inc. (Japan); 12.1.1. Overview; 12.1.2. Products & Services; 12.1.3. Recent Developments; 12.1.4. Strategies; 12.1.5. Financials (based on availability); 12.2. Solvay (Belgium); 12.2.1. Overview; 12.2.2. Products & Services; 12.2.3. Recent Developments; 12.2.4. Strategies; 12.2.5. Financials (based on availability); 12.3. Nippon Graphite Fiber Co., Ltd. (Japan); 12.3.1. Overview; 12.3.2. Products & Services; 12.3.3. Recent Developments; 12.3.4. Strategies; 12.3.5. Financials (based on availability); 12.4. TEIJIN LIMITED (Japan); 12.4.1. Overview; 12.4.2. Products & Services; 12.4.3. Recent Developments; 12.4.4. Strategies; 12.4.5. Financials (based on availability); 12.5. Hexcel Corporation (U.S.); 12.5.1. Overview; 12.5.2. Products & Services; 12.5.3. Recent Developments; 12.5.4. Strategies; 12.5.5. Financials (based on availability); 12.6. ZOLTEK Corporation (U.S.); 12.6.1. Overview; 12.6.2. Products & Services; 12.6.3. Recent Developments; 12.6.4. Strategies; 12.6.5. Financials (based on availability); 12.7. HYOSUNG ADVANCED MATERIALS (South Korea); 12.7.1. Overview; 12.7.2. Products & Services; 12.7.3. Recent Developments; 12.7.4. Strategies; 12.7.5. Financials (based on availability); 12.8. Advanced Composites Inc. (U.S.); 12.8.1. Overview; 12.8.2. Products & Services; 12.8.3. Recent Developments; 12.8.4. Strategies; 12.8.5. Financials (based on availability); 12.9. Mitsubishi Chemical Carbon Fiber and Composites, Inc. (U.S.); 12.9.1. Overview; 12.9.2. Products & Services; 12.9.3. Recent Developments; 12.9.4. Strategies; 12.9.5. Financials (based on availability); 12.10. Formosa M Co., Ltd. (South Korea); 12.10.1. Overview; 12.10.2. Products & Services; 12.10.3. Recent Developments; 12.10.4. Strategies; 12.10.5. Financials (based on availability)
13. Strategic Recommendations