Global Carbon Fiber Market Growth Challenges, Opportunities And Forthcoming Developments 2026

Researchmoz added Most up-to-date research on "Carbon Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" to its huge collection of research reports. An insight on the important factors and trends influencing the market.

Carbon Fiber Market - Overview
Carbon fibers are used in resin-based composites for the fabrication of parts in high performance aircraft, space vehicles, and sporting goods to reduce the overall weight of the fabricated component. These are a group of flexible, continuous/chopped filaments derived from pitch, polyacrylonitrile (PAN), or rayon through a series of high temperature heating stages. These fibers have extremely high modulus and high strength. Carbon fiber find applications in automotive, aerospace, and construction industries.
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Rise in demand for lightweight vehicles for subsequent reduction in CO2 emissions is anticipated to boost demand for carbon fiber during the forecast period. Carbon fiber offers several structural and weight advantages over traditional steel and injection molded automotive parts. These offer high stiffness, tensile strength, temperature tolerance, less weight, and thermal expansion. Thus, carbon fiber is preferred for manufacturing automobiles. Carbon fiber is primarily used in racing vehicles, supercars, and mid-to-high end sports cars.
Aerospace is a leading application segment of the global carbon fiber market. The segment is anticipated to expand at a significant pace during the forecast period. Carbon fiber is used to manufacture various aircraft components such as brake wing components, tail and body of planes, and rotor blades of helicopters. In the last few years, glass fiber composites were extensively used in the aerospace industry. Use of carbon fiber is anticipated to increase significantly during the forecast period due to performance limitations of glass fiber and recent development of carbon fiber composites to cater to the growing demand for lightweight and high strength materials.
The PAN-based carbon fiber segment is projected to be highly attractive during the forecast period. PAN-based carbon fibers offer more carbon contents as compared to other product types and hence it is predicted to create enormous growth opportunities during the next few years. PITCH-based carbon fiber is increasingly being utilized in end-use industries such as aerospace and construction sports & leisure.
In terms of technology, the prepreg segment held significant share in global carbon fiber market in 2017. This technology produces consistent material and provides flexibility to fiber orientation. Pultrusion and other technologies such as centrifugal casting and automated tape lying are projected to constitute substantial share of the market by 2026. Injection molding is a high-volume, fast, and closed process. It is likely to be used in some end-use industries where previously the thermoplastic and metal casting processes were used especially in automotive and electrical components.
Aerospace & defense held significant share of the market in 2017 in terms of value. This segment was followed by the automotive & transportation segment. Carbon fiber composites are also used in sports and leisure products such as golf sticks, tennis rackets, knee pads, and bicycles. Expansion of the sports & leisure industry is ascribed to the rise in demand for sports goods in Asia Pacific, particularly in China. This is expected to boost the carbon fiber market during the forecast period.
This report analyzes and forecasts the carbon fiber market at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Tons) from 2017 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global carbon fiber market. It also covers the impact of these drivers and restraints on demand for carbon fiber market during the forecast period. The report includes the current carbon fiber market indicators. It also highlights opportunities in the carbon fiber market at global level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global carbon fiber market. Porter’s Five Forces model for the carbon fiber market has also been included to help understand the competitive landscape. The study also provides market attractiveness analysis on the basis of fiber type, technology, and application which are benchmarked based on their growth rate, market size, and market share.
The study provides a decisive view of the global carbon fiber market by segmenting it in terms of fiber type, technology, and applications. Based on fiber type, the carbon fiber market has been classified into PAN- based, PITCH-based, and others. In terms of technology, the carbon fiber market has been divided into prepreg layup, pultrusion, winding, press & injection molding, and others. Based on application, the market has been segregated into automotive, construction, aerospace & defense, sports & leisure, marine and oil & gas, wind energy, and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for carbon fibers in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions are further analyzed on country level for major countries in each region.
The report comprises profiles of major companies operating in the global carbon fiber market. Key players include Teijin Ltd., Hexcel Corporation, Toray Industries Inc., Kureha Corporation, SGL Group, Kemrock Industries and Exports Ltd., DowAksa, Cytec Industries Inc., and Formosa Plastics Corporation.
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Carbon Fiber Market, by Product (Tons, US$ Mn)
- PAN-based
- PITCH-based
- Others
Carbon Fiber Market, by Technology (Tons, US$ Mn)
- Prepreg Layup
- Pultrusion
- Filament Winding
- Press & Injection Molding
- Others
Carbon Fiber Market, by Application (Tons, US$ Mn)
Automotive & Transportation
- Interior
- Exterior
- Others
Construction
Aerospace & Defense
Sports & Leisure
Marine and Oil & Gas
Wind Energy
Others
Carbon Fiber Market: Regional Analysis (Tons, US$ Mn)
North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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Global Carbon Fiber Market Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020

Researchmoz added Most up-to-date research on "Carbon Fiber Market (PAN-based, Pitch-based and Others) for Wind Energy, Automotive, Aerospace and Defense, Sports, Construction and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" to its huge collection of research reports.

The report analyzes and forecasts the market for carbon fiber on the global and regional level. Demand has been forecast based on volumes (kilo tons) and revenue (USD million) from 2014 to 2020. The study includes drivers and restraints for the carbon fiber market along with their impact on demand during the forecast period. The report also comprises the study of opportunities available in the carbon fiber market on the global and regional level.

We have included a detailed value chain analysis to provide a comprehensive view of the carbon fiber market. Analysis of Porter’s five forces model for the carbon fiber market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness.

The study provides a decisive view on the carbon fiber market by segmenting it in terms of products and end-users. All the products and end-user segments have been analyzed based on present and future trends, and the market has been estimated from 2014 to 2020. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The report also includes demand for individual applications and product segments in all the regions.

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The study includes company profiles of major participants operating in the global carbon fiber market. Key market players profiled in the report comprise Toray Industries, Teijin Ltd, Hexcel Corporation, Cytec Industries, Mitsubishi Rayon Co., Ltd. and others. Market players are profiled with attributes such as company overview, financial overview, business strategies and recent developments.

The report provides the market size of carbon fiber for 2013, and forecast for the next six years. The global market size of carbon fiber is provided in terms of both volume as well as revenue. Market volumes are defined in kilo tons, while market revenue is in USD million. Market numbers are estimated based on various product segments of carbon fiber and key end-user markets. Market size and forecast for each major end-user is provided in the context of the global as well as regional market.

In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, Onesource, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases and webcasts specific to companies operating in the market.

Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc. Furthermore, these help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

The report segments the global carbon fiber market as:

Carbon Fiber Market - Product Segment Analysis
- PAN-based
- Pitch-based
- Others (including rayon-based, etc.)

Carbon Fiber Market - End-user Analysis

- Wind Energy
- Automotive
- Aerospace and Defense
- Sports
- Construction
- Others (including marine, etc.)

Carbon Fiber Market - Regional Analysis

- North America
- Europe
- Asia Pacific
- RoW (South America, Africa and the Middle East)

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