Global Carbon Fiber for Wind Energy Market Growth 2023-2029

Global Carbon Fiber for Wind Energy Market Growth 2023-2029

Carbon fiber (CF) is a material consisting of fibers that are 92% or greater carbon. Each CF filament has a diameter on the order of 5 microns to 15 microns. Numerous parallel filaments are typically grouped together into what is referred to as a CF tow. The term tow count refers to the number of filaments per tow and is often expressed with nomenclature such as 24K where the letter K designates the number 1,000. Thus, 24K describes a CF tow having 24,000 filaments. CF having 24,000 or less filaments is referred to as small tow. The most common small-tow product forms are 1K, 3K, 6K, 12K, and 24K tows. Tows having more than 24K filaments are referred to as large tow, with 48K and 50K tows being common large-tow product forms. However, tows with multiple hundreds of thousands filaments are also available. Smalltow material properties, including higher tensile strength and higher modulus when laid or woven into a composite, are superior to large tow and consequently predominately used in industries such as aerospace where high performance is demanded. However, small-tow fibers are more costly than high tow fibers. Another CF classification is by precursor material, which is the multi-element starting material subjected to heat treatment so that nearly all non-carbon atoms are ejected and only carbon remains. Precursor materials include rayon, pitch, and polyacrylonitrile (PAN). The latter, PAN, has more than 96% of the CF market due to its cost-effectiveness and the quality of the fiber produced. Carbon fiber can also be classified as one of three modulus (i.e., a substance’s resistance to being deformed elastically when force is applied to it) groups: standard modulus, intermediate modulus, and high modulus as shown in Table 1. Standard modulus CF has 80%–90% of total market today. Carbon fiber cost has strong positive correlation with modulus. Carbon fiber is also classified by tensile strength, which can be loosely correlated with modulus. Table 1 shows that high-modulus and ultra-high-modulus CF can have lower tensile strength than intermediate modulus as strength declines when undergoing the processes required to achieve high- and ultra-high modulus. Other notable physical properties of carbon fibers include light weight (1.78 grams per cubic centimeter [gm/cc] vs. 8.1 gm/cc for traditional steel), good fatigue resistance and electrical conductivity, chemical inertness, and low coefficient of thermal expansion.

LPI (LP Information)' newest research report, the “Carbon Fiber for Wind Energy Industry Forecast” looks at past sales and reviews total world Carbon Fiber for Wind Energy sales in 2022, providing a comprehensive analysis by region and market sector of projected Carbon Fiber for Wind Energy sales for 2023 through 2029. With Carbon Fiber for Wind Energy sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carbon Fiber for Wind Energy industry.

This Insight Report provides a comprehensive analysis of the global Carbon Fiber for Wind Energy landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Carbon Fiber for Wind Energy portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Carbon Fiber for Wind Energy market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carbon Fiber for Wind Energy and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Carbon Fiber for Wind Energy.

The global Carbon Fiber for Wind Energy market size is projected to grow from US$ 597.9 million in 2022 to US$ 922.5 million in 2029; it is expected to grow at a CAGR of 922.5 from 2023 to 2029.

Global key players of Carbon Fiber for Wind Energy include Toray Industries and SGL Carbon, etc. Global top two manufacturers hold a share over 60%. United States is the largest producer of Carbon Fiber for Wind Energy, with a share over 40%, followed by Europe and China.

This report presents a comprehensive overview, market shares, and growth opportunities of Carbon Fiber for Wind Energy market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
48K
24K
Below 12K

Segmentation by application
Onshore Wind Turbine Blades
Offshore Wind Turbine Blades

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Toray Industries
SGL Carbon
Tejin
Mitsubishi Chemical
Hexcel
FPC
DowAksa
Zhongfu Shenying

Key Questions Addressed in this Report

What is the 10-year outlook for the global Carbon Fiber for Wind Energy market?

What factors are driving Carbon Fiber for Wind Energy market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Carbon Fiber for Wind Energy market opportunities vary by end market size?

How does Carbon Fiber for Wind Energy break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.