Demand for carbon fibers has surged significantly on the back of its properties such as low moisture absorption, exceptional mechanical characteristics, high temperature resistance, and relatively lower cost.
Several new architectural construction projects are witnessing huge employment of carbon fiber-reinforced concrete for repairing aging buildings and bridges.
Carbon fibers significantly help in curtailing time required for construction activities, thereby reducing overall expenses.
Apart from the construction industry, carbon fibers seek enormous applications in the automotive and aerospace industries, particularly for curbing the weight of components used.
Increasing focus of automobile manufacturers in adoption of materials, which minimize the overall vehicle weight and enhance vehicle performance, has resulted into robust adoption of carbon fiber in this industry.
Carbon fibers are increasingly employed in the aerospace industry on the back of their good strength to weight ratio, and are utilized on a large scale for manufacturing aircraft components such as vertical stabilizers, engine nacelles wings, floor beams, and elevators.
According to a recent Fact.MR research report, a splendid rise at 8.5% CAGR, in terms of value, will be recorded by the global carbon fibers market during the forecast period (2017-2026).
Roughly 138,000 tons of carbon fiber are likely to be sold around the world by 2026-end.
APEJ will Remain Dominant in Global Carbon Fiber Market
In terms of value, the global market for carbon fiber will continue to be dominated by Asia-Pacific excluding Japan (APEJ), mainly driven by increasing investments in the infrastructure development in emerging countries such as India and China, along with robust expansion of the automotive sector in the region.
Europe is also expected to be a lucrative region for the carbon fiber market, owing to strict laws and regulations implemented by the governments for reducing the environmental pollution caused by vehicles, which has led the automotive manufacturers in the region to opt for vehicle lightweighting.
Rapid growth of the aviation industry has led to demand for lightweight and robust materials for fabrication of aircraft components.
Carbon fibers have become an effective solution for curtailing production time. Aerospace & defense will continue to be the largest end-user of carbon fiber.
Use of carbon fiber in the automotive industry will also witness a significant rise, as carbon fibers witness increasing adoption in production of automobile for reducing the vehicle weight and enhancing the vehicle performance.
Know More Details About the Report
Key Research Findings from the Report
- PAN-based CF will remain preferred among precursor materials in the market
- Small tow size of carbon fibers will remain sought-after among end-users in the market
Occupancy of a large number of players has made the nature of the global carbon fiber market to be fragmented, with intensity of competition among players surging at a significant rate.
Global reach of well-established market players and high capital investment for entering the market have created barriers for new market players.
In a bid to sustain themselves in this highly competitive market, vendors are competing one another in terms of customer-centrism, price, quality, performance, and innovation. Key market players identified by the report include
- Dow/AkSA, Cytec
- SGL"Formosa Plastics
- Mitsubishi Rayon
- Toho Tenax
Avail customized purchase options for your needs
|Precursor Material Type||
Carbon Fiber Market Scope Of The Report
Carbon fibers seek huge adoption in the aerospace and automotive industries. In the automotive sector, growing demand for lightweight panels will drive demand for carbon fiber.
In the aerospace sector, surging demand for commercial aviation in light of rising disposable income of consumers will remain a key factor influencing adoption of carbon fiber in aircrafts.
Some other applications of carbon fiber include leisure and sports. This report, compiled by Fact.MR, provides in-depth analysis of the global carbon fiber market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.
The scope of the Fact.MR’s report is to analyze the global carbon fiber market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers.
Carbon fiber manufacturers, suppliers, and stakeholders in the global industry can benefit from the analysis offered in this report.
In-depth analysis regarding the energy saving properties, usage benefits, and long-term maintenance is detailed in this report.
The comprehensive study offers insights on various market drivers, trends, and challenges shaping the future of the market, serving as a platform for future study, interest and understanding for the leading industries, trade magazines and journals related to the global carbon fiber market.
The report introduces the current scenario of the market for carbon fiber. The executive summary section of the report offers information regarding the future scope of the global carbon fiber market.
Brief information on the vital aspects, facts, and statistics on the global carbon fiber market is emphasized in this section.
This section offers an overview of the global carbon fiber market. This section comprises definition of the product – carbon fiber, along with key insights on dynamics playing an important role towards the growth of the market.
The overview also includes market value and year-on-year growth defining the future progress and decline of the global carbon fiber.
Data on the year-on-year growth provides readers with an overall view on expected progress reshaping growth during the forecast period.
In the next section, the report provides insights on major drivers, key trends, and retrains on the basis of demand, supply and macro-economic factors.
The report also talks about an impact analysis of drivers and restraints that helps in decision-making and becoming more efficient.
The report further provides information on various technological advancements in the global carbon fiber market.
Latest information and advancements regarding growth opportunities can prove to be beneficial for the leading manufacturers of carbon fiber.
With advancements in technology, keeping an eye on the latest trends and developments is important for carbon fiber manufacturers to frame key business strategies.
Key insights concerning the list of distributor, supply chain, cost structure, pricing analysis, and raw material sourcing, are also provided in this section of the report.
Considering the broad-scope of the global carbon fiber market, the report offers in-depth insights on the forecast and segment-wise analysis.
The carbon fiber market has been segmented on the basis of end-user, tow size, precursor material type, and region.
This sections offers segmentation analysis, along with a detailed country-wise forecast on all the parameters.
In the final section, the report offers information on the key competitors, along with a board view of the market players and company analysis.
This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global carbon fiber market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research.
We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
Need an Exclusive Report for your Unique Requirement?
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.