Carbon Fiber Market Growth is Booming in 2019 and Predicted to Achieve Double Digit CAGR of 11.7% by 2025

The Carbon Fiber Market was valued at $2,766 million in 2015 and is expected to grow at a CAGR of 11.7% to reach $5,991 million by 2025. Carbon fiber is composed of carbon atoms bonded together to form a long chain which are 5-10 m in diameter. These carbon atoms form a microscopic crystal exhibiting high strength to weight ratio.

The market is segmented based on raw material, type, form, and end-use industry. By raw material is bifurcated as PAN-based carbon fiber and Pitch-based & Rayon-based carbon fiber. By type the market is divided as continuous, long, and short. by form the market is divided as composite and non-composite. Based end-use industry the market is segmented into aerospace & defense, sports/leisure, wind turbines, molding & compounds, automotive, pressure vessels, civil engineering, marine, pultrusion misc., misc. consumer, sailing/yacht building, and others which includes misc. energy, oil & gas, medical and industrial rollers. Excellent physical and mechanical properties such as lightweight, tensile strength, impact resistance, makes them fuel efficient, reliable and a preferred choice in aerospace & defense industry.

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Aerospace & defense segment accounted for largest share of carbon fiber market in 2017, owing to the highest consumption of carbon fiber in commercial aircraft. Increased production of U.S.-based Boeing 787/777 and the Europe-based Airbus A350XWP is expected to drive the market growth. However, the increased prices and unavailability of carbon fibers are anticipated to restraint the market growth.

Pan-based carbon fiber accounted for approximately 90% of the share in the global carbon fiber market in 2017, as it offers high yield and excellent processing properties. Pitch-based & rayon-based carbon fibers are still in the introduction stage, and are expensive than pan-based carbon fiber, thereby driving growth of the pan-based segment. Based on type, the continuous carbon fiber is projected to witness the highest growth rate during the forecast period. Composite form of carbon fiber dominated the market, accounting for more than 95% market share in 2017, and is also projected to register the highest growth rate during the forecast period.

North America accounted for the largest market share in 2017, and is projected to grow at the highest CAGR, owing to the presence of major manufacturers. In addition, the demand from the aerospace & defense, wind turbines, and marine sectors is expected to drive the market growth in North America. Europe was estimated to be the second largest consumer for carbon fiber in 2017, due to the increased demand from the aerospace & defense and sports/leisure industries.

Key Findings Of The Carbon Fiber Market :

• The aerospace & defense segment occupied the highest share in 2017 and is expected to grow at a CAGR of 10.5%, in terms of value, during the forecast period.
• North America is the leading consumer of carbon fiber, accounting for approximately more than one-third share of the global market, followed by Europe.
• Pan-based carbon fiber is expected to register the highest CAGR of 11.8%.
Continuous carbon fiber segment accounted for approximately four-fifths of the global carbon fiber market in 2017.
• U.S. is the leading market in the North American region, growing at a CAGR 12.9%.

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The prominent players profiled in this report

• DowAksa Advanced Composites Holding B.V.,
• Mitsubishi Chemical Holdings Corporation,
• Nippon Steel & Sumitomo Metal Corporation,
• OJSC SvetlogorskKhimvolokno,
• SGL Carbon SE,
• Teijin Limited (Teijin),
• Toray Industries Inc.,
• Hexcel Corporation,
• Solvay SA, and
• Hyosung Corporation

Table of Content

Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. RESEARCH METHODOLOGY
1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. KEY FINDINGS OF THE STUDY
2.3. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets, by end-use industry
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Increase in penetration of carbon fiber components in automotive industry
3.4.1.2. Government regulations for emission control
3.4.1.3. Rise in demand for high-performance carbon fiber in aerospace & defense
3.4.2. Restraints
3.4.2.1. High price of carbon fiber
3.4.2.2. Long production cycle and unavailability of carbon fibers
3.4.3. Opportunities
3.4.3.1. Increase in application of carbon fiber in wind turbines
3.4.3.2. Rise in use of carbon fiber in medical industry
3.5. PATENT ANALYSIS
3.6. PRODUCT BENCHMARKING

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