The Carbon Fiber Market Report scrutinizes the market by key industry peers, describe to define and analyses opportunities, Budget allocation and key challenges, trend and growth value.
“Carbon Fiber Market” (2022) research report gives granular analysis of the market size, share, segmentation, revenue, geographic regions of the market and forecasts to 2027. This report categorizes the market based on market overview, regions, analysis by types and applications, market dynamics and manufacturers profiles. Carbon Fiber Market watch out for new highest revenue Study Reports with Top Countries Data, Current Trends, Future Estimations and Opportunity Analysis. The market is expected to grow considerably in upcoming Years.
The North America carbon fiber market is expected to grow at a CAGR of 13.45 % during the forecast period (2021 – 2027). The major factors driving the growth of the North America carbon fiber market are the increasing demand for fuel-efficient and lightweight vehicles as well as the robust demand from aerospace and defense sector.
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Company Coverage: –
– AandP Technology
– Inc.
– Advanced Composites Inc
– Applied Sciences Inc
– Cytec Solvay Group
– DowAksa
– Formosa Plastics Corporation
– Hexcel Corporation
– Hyosung
– Mitsubishi Rayon
– SGL Group
– Teijin Carbon Fibers
– Inc. (TCF)
– Toray Group
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Market Players Competitor Analysis:
Carbon fiber is a strong, lightweight material. It is thin strands of carbon which have been twisted together, like a yarn, and woven to form a cloth-like structure. To give it a specific shape, carbon fiber is coated with a plastic or stiff resin. Carbon fibers are combined with other materials to form a composite, like plastic resin, which is molded to form carbon fiber reinforced polymers. Carbon fibers, owing to their high tensile strength, lightweight, high chemical resistance, high stiffness, low thermal expansion, and high-temperature tolerance, are becoming an integral part of various industrial and commercial applications.
Growing Consumer Preference for Fuel Efficient Vehicles Boosting the Demand
Carbon fiber, owing to properties of corrosion resistance, high strength to weight ratio, high workability, etc., is used in the automotive industry. There is demand for durable system and body parts that offer better performance and are also lightweight. In a typical automobile, the use of fibers is 50% by volume and 10% of the weight. In the United States, the government increased the fuel efficiency requirements for new automobiles to 54.5 miles per gallon by 2025 for the United States market, therefore, the companies have started using the lightweight materials, such as carbon fiber, to make their vehicles lightweight and fuel-efficient. The major automotive manufacturers, such as BMW, Mercedes-Benz, McLaren, Chevrolet, and Lamborghini, have committed themselves to increasing the usage of carbon fiber, such as CFRP components, in their vehicles as they significantly contribute to the reduction in weight. There are a few companies, such as Daimler and Toray Industries, provide CFRP automotive parts to its consumers.
Composite Materials Witnessing the Largest Demand
Among all the applications, the composite materials segment account for the largest consumption of carbon fibers in the North American region. The demand for carbon fiber reinforced polymers (CFRP) is the highest in the North American region due to a strong demand from the aerospace, defense, automobile, construction, and sports and leisure sectors. The use of these materials would help in reducing the fuel usage and even coping with the environmental regulations. The CFRP was recently found to be of a great use in the improving marine industry. These plastics have played an impressive role in replacing the use of metals and high tension steels. In addition, the potential uses of reinforced carbon-carbon (RCC) that have been identified to include high-speed train as well as special automobile brakes and clutches, forging dies and molding crucibles, corrosive chemical reactors and heat exchangers, fuel cells, high thermal conductivity electronic substrates, prosthetic devices, and components for internal combustion engines. The large-scale applications in the distant future are estimated to include plasma limiters for nuclear fusion devices, inert gas ducting, and heat exchangers for gas-cooled fission reactors.
United States the Market Leader
The aerospace and defense industry of the United States is the largest in the world. The exports value of the United States was almost USD 1.5 trillion, with a major share in exports held by commercial aircrafts. The defense exports were primarily to China, France, and the UK. The exports are further expected to increase from several countries, like China and India, which is further expected to boost the aircraft production in the country, thereby, having a positive impact on the market for carbon fiber. The construction industry in the country is growing at a slow rate with the increasing residential constructions and office space constructions. The growing investments in the defense and automotive sector in the United States are contributing to the growth of the carbon fiber market in the coming years.
Notable Developments in the Market
November 2017: Teijin Limited to establish a carbon fiber production unit in Greenwood, South Carolina.
Major Players: Teijin Limited, Mitsubishi Rayon Co., Toray Group, SGL Group, and Hyosung, among others.
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Reasons to Purchase this Report:
- To examine the increased usage of Carbon Fiber in Industry that affect the global market scenario
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- To know the modality and application that are expected to dominate the market
- To know the regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by major market players
Customization of the Report:
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Regional Analysis: –
– North America
– Asia-Pacific
– Europe
– South America
– Africa
Some Major Points from TOC: –
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness- Porters Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Technological Snapshot
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand for Fuel Efficient and Lightweight Vehicles
4.1.2 Accelerating Usage in Aerospace and Defense
4.1.3 Growing Applications in Renewable Energy
4.2 Restraints
4.2.1 High RandD Investments
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Growing Popularity of Recycled Carbon Fiber
4.3.2 Emphasis on Usage of Lignin as Raw Material For Carbon Fiber
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Raw Material
5.1.1 Polyacrtlonitrile (PAN)
5.1.2 Petroleum Pitch and Rayon
5.2 By Type
5.2.1 Virgin Fiber (VCF)
5.2.2 Recycled Fiber (RCF)
5.3 By Application
5.3.1 Composite Materials
5.3.2 Textiles
5.3.3 Microelectrodes
5.3.4 Catalysis
5.4 By End-user Industry
5.4.1 Aerospace and Defense
5.4.2 Alternative Energy
5.4.3 Automotive
5.4.4 Building and Infrastructure
5.4.5 Sporting Goods
5.4.6 Others
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 United States
6.2 Canada
6.3 Mexico
6.4 Rest of North America
7. Competitive Landscape
7.1 Mergers, Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products and Services, and Recent Developments)
8.1 AandP Technology, Inc.
8.2 Advanced Composites Inc.
8.3 Applied Sciences Inc.
8.4 Cytec Solvay Group
8.5 DowAksa
8.6 Formosa Plastics Corporation
8.7 Hexcel Corporation
8.8 Hyosung
8.9 Mitsubishi Rayon
8.10 SGL Group
8.11 Teijin Carbon Fibers, Inc. (TCF)
8.12 Toray Group
*List not exhaustive
9. Disclaimer
**Subject to availability on public domainAAAA
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