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Carbon Fiber Textiles Market Report
Carbon Fiber Textiles Market Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
Carbon fiber is an extremely lightweight fiber derived from the element carbon. In the composites industry, there are several types of textiles used with glass fiber textiles and carbon fiber textiles being the major ones. On one side, glass fiber textiles have been efficacious in marking a greater presence in the cost-sensitive applications, on the other side, there has been an incessant increase in the penetration of carbon fiber textiles in high-performance applications, especially in the aerospace & defense and automotive industries. The key whys and wherefores for using carbon fiber textiles are their excellent strength-to-weight ratio, low coefficient of thermal expansion, lower density than metals, high tensile strength, and high fatigue resistance.
Out of the total textiles used in the composites industry, carbon fiber textiles hold a fair position in the market (having a double-digit share in the market in terms of value). It is also believed that there will be a further increase in the penetration of carbon fiber textiles in the overall composite textiles market shortly.
The outbreak of the COVID-19 pandemic ruthlessly impacted various industries, shattering all hopes of recovery in 2020 with huge, short as well as long-term repercussions. The two dominant industries, aerospace & defense and automotive, were among the most affected industries by the pandemic in 2020. The demand for carbon fiber textiles is highly subjected to the growth of these two above-mentioned industries. The decline in both industries resulted in the massive decline in the sales of carbon fiber textiles in 2020, taking the market below the 2016-level. However, the market is anticipated to rebound from 2021 onwards and likely to cross its 2019-sales value by 2024. Stratview Research reckons that the market is expected to recoup in the next five years with a healthy CAGR to reach a value of US$ 0.9 billion in 2026.
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Based on the product type, the market is segmented into woven yarn and multi-axials. Woven yarn is expected to remain the most dominant product type in the market in years to come. Woven yarns dominate the automotive and aerospace & defense industries. Woven yarn offers a greater conformability and delivers a slight edge in strength owing to which it is frequently used for structural applications.
Based on the end-use industry type, the market is segmented as aerospace & defense, transportation, consumer goods, wind energy, construction, and others. Aerospace & defense is expected to remain the largest market for carbon fiber textiles in years to come in terms of value. Carbon fiber textiles offer excellent rigidity, high strength-to-weight ratio, corrosion resistance, electrical conductivity, and fire-resistant properties, making them a preferred choice in the aerospace & defense industry. Furthermore, stringent emission norms in the aerospace & defense industry are fuelling the usage of lightweight yet high-performance materials. Wind energy is the only key segment, being least impacted by the pandemic, has experienced robust growth in 2020, unlike the aerospace and automotive industries that faced massive declines.
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All regions to mark significant declines in the demand in 2020, followed by a healthy recovery in the years to come. Among regions, Europe is expected to remain the dominant market during the forecast period, driven by higher use of carbon fibers in the form of textiles in the aerospace & defense and automotive industries. Asia-pacific is expected to log the highest growth over the same forecast period in the wake of the increased presence of carbon fiber stakeholders in the region.
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Research Scope |
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Trend & Forecast Period |
2015-2026 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Size in 2026 |
US$ 0.9 billion |
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Countries/Subregions Covered |
The USA, Canada, Mexico, Germany, France, Germany, the UK, Russia, Spain, Italy, China, Japan, India, Brazil, Argentina and others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The global carbon fiber textiles market is segmented into the following categories.
The supply chain of this market comprises raw material suppliers, carbon fiber textile manufacturers, tier players, OEMs, and end-users.
The key carbon fiber textile manufacturing companies are-
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s carbon fiber textiles market realities and future possibilities for the forecast period of 2021 to 2026. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for carbon fiber textiles at the global, regional, as well as country level. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenarios. The vital data/information provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted about 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling of Leading Players
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.co
The carbon fiber market size is expected to witness an impressive CAGR to reach an estimated value of US$ 0.9 billion in the foreseeable future.
Sigmatex, Saertex, Chomarat Textiles Industries, SGL Carbon SE, Vectorply Corporation, Toray Industries, Seldom, and BGF Industries Inc are among the key players in the carbon fiber textiles market.
Europe is expected to remain dominant in the carbon fiber textiles market during the forecast period of 2021-26.
Aerospace & defence is expected to be the largest end-use industry in the carbon fiber textiles market in the coming five years.
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