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  • Carbon Fiber Market Analysis | 2022-2028

    Carbon Fiber Market Analysis | 2022-2028

    Carbon Fiber Market Analysis | 2022-2028
    Report code - SR2148 Delivery - 2 Weeks
    Carbon Fiber Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportu See more...

    “The Carbon Fiber Market was estimated to grow from USD 4.23 billion in 2021 to USD 7.34 billion in 2028 at a CAGR of 8.09% during 2022-2028”.

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    Market Dynamics

    Introduction

    Carbon fibers are crystalline filaments of carbon atoms that are thin and strong. These fibers have a diameter of 5 to 10 micrometres and can be used as a strengthening material, particularly in resins and ceramics. Carbon fibers are mostly made of polyacrylonitrile (PAN), but they can also be made of rayon or petroleum pitch. These fibers offer various advantages, such as high stiffness, excellent strength-to-weight ratio, outstanding tensile strength, exceptional chemical resistance, remarkable temperature tolerance, and low thermal expansion.

    Market Drivers

    Factors such as increasing demand for high-performance and lightweight composite materials and the growing necessity for enhanced performance in various end-use industries are some of the key factors likely to drive the growth of the market during the forecast period. 

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    End-Use Industry-Type Analysis

    Aerospace, Industrial, and Sporting Goods

    The industrial end-use industry segment is estimated to hold the major share of the market during 2022-2028.

    Precursor- Type Analysis

    PAN-based Carbon Fiber and Pitch-based Carbon Fiber

    PAN-based carbon fiber is likely to be the largest segment of the market during 2022-2028. 

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    Europe is estimated to be the largest growing region in the market during 2022-2028.

     

    By End-Use Industry Type

    “The industrial end-use industry segment is estimated to hold the major share of the market during the forecast period”.

    The market is segmented as aerospace, industrial, and sporting goods. The industrial end-use industry segment is estimated to hold the major share of the market during 2022-2028. The growing demand for high-performance lightweight materials in the automotive industry, as well as the increasing demand for carbon composites in wind turbines, can be attributed to the segment's growth. In addition, sporting goods are expected to witness significant growth in the market in the coming years.  

    By Precursor Type

    “PAN-based carbon fiber is likely to be the largest as well as the fastest-growing segment of the market during the forecast period”. 

    The market is segmented as PAN-based carbon fiber and pitch-based carbon fiber. PAN-based carbon fiber is likely to be the largest as well as the fastest-growing segment of the market during 2022-2028.  It has a wide range of applications in transportation, wind energy, and aerospace/defense, which is expected to fuel the segment’s growth in the coming years.

    Regional Analysis

    “Europe is estimated to be the largest as well as the fastest-growing region in the market during 2022-2028”.

    The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). During the period from 2022 to 2028, Europe is anticipated to emerge as both the largest and the most rapidly expanding region in the market. Growing product demand from the aerospace, automotive, and wind energy industries is likely to drive regional market growth over the forecast period.

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    Key Players

    The following are the key players in the Carbon Fiber Market (arranged alphabetically)

    Note: The above list does not necessarily include all the top players in the market.

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    Report Features

    This report provides market intelligence in the most comprehensive way. 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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth Analysis of the Carbon Fiber Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    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 more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    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.com.

    Frequently Asked Questions (FAQs)

    Carbon fibers are crystalline filaments of carbon atoms that are thin and strong. These fibers have a diameter of 5 to 10 micrometres and can be used as a strengthening material, particularly in resins and ceramics. Carbon fibers are mostly made of polyacrylonitrile (PAN), but they can also be made of rayon or petroleum pitch.

    The carbon fiber market is expected to grow at a CAGR of 8.09% during the forecast period.

    The carbon fiber market is likely to reach USD 7.34 billion by 2028.

    Factors such as increasing demand for high-performance and lightweight composite materials and the growing necessity for enhanced performance in various end-use industries are some of the key factors likely to drive the growth of the market during the assessment period.

    Industrial is estimated to be the dominant segment of the market during the forecast period. The growth of the segment can be attributed to the rising demand for high-performance lightweight materials in the automotive industry and the increasing demand for carbon composites in wind turbines. In addition, sporting goods are expected to witness significant growth in the market in the coming years.

    Europe is estimated to remain dominant and the fastest-growing region in the carbon fiber market in the foreseeable future. Growing product demand from the aerospace, automotive, and wind energy industries is expected to drive the regional market growth during 2022-2028.

    Toray Industries Inc., Hexcel Corporation, Mitsubishi Rayon Corporation Limited, Cytec Solvay Group, SGL Carbon Group, Teijin Limited, Formosa Plastics Corporation, DowAksa, Hyosung Corporation, and Nippon Graphite Fiber Corporation are some of the key players in the market.

    The market is studied from 2016-2028.