Global Renewable Carbon Fibers Market Set to Reach USD 98.82 Million by 2029 with a 12% CAGR

02.08.2023 : Renewable Carbon Fibers Market Report Scope and Research Methodology

Renewable carbon fiber, produced from sustainable and renewable resources, offers an eco-friendly solution to address environmental concerns and reduce the carbon footprint associated with manufacturing processes. The report encompasses a comprehensive analysis of the market size and market share of renewable carbon fibers, along with factors influencing market growth. It provides region-wise and segment-wise insights into the renewable carbon fibers market, including key players in the industry.

The report is the result of meticulous research and analysis using reliable data sources and methodologies. Extensive primary and secondary research was conducted to gather accurate and up-to-date information, ensuring the highest level of data integrity.

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What are Renewable Carbon Fibers Market Dynamics?

The renewable carbon fibers market is driven by multiple factors, including the durability of the material, leading to increased demand in industries such as automotive and aerospace. Additionally, the material's applications are expected to expand further in conventional ground transportation during the forecast period. The use of feedstocks derived from renewable resources, such as biomass, agricultural waste, and lignin, has a significant cost advantage, reducing reliance on petroleum-based materials and positively impacting market growth. Moreover, the rising demand for electric vehicles is expected to fuel further growth in the renewable carbon fibers market.

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What is Renewable Carbon Fibers Market Segmentation?

by Feedstock

Lignocellulosic Biomass
Bio-Based Polymers
Waste Streams
Others

by Spinning Process

Melt-Spinning
Wet-Spinning
Dry-Spinning

The portion is separated into Melt-Spinning, Wet-Spinning, and Dry-Spinning based on the spinning process. The biggest market share for renewable carbon fibers in 2022 belonged to the melt-spinning sector. It is the process used most frequently to create lignin-based carbon fibers. The benefits of it being a straightforward procedure with high resource utilization and a low degree of environmental pollution are projected to enhance demand for it.

by Application

Automotive
Construction
Marine
Aerospace and Defense
Sports and Leisure
Oil and Gas
Others

According to Application: Over the course of the forecast period, the Automotive industry is anticipated to account for the greatest market share for renewable carbon fibers. The Department of Energy has been collaborating with automakers on the development of new car technology in order to produce more environmentally friendly and energy-efficient vehicles. The automobile sector needs a material with cheap costs, big volumes, and mid-range performance. Recycled and renewable fiber feedstocks are more suitable for this high-volume utilization. Domestic automobiles consume less fuel and are lighter overall thanks to the usage of renewable carbon fiber composites.

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Who are Renewable Carbon Fibers Market Key Players?

1. Solvay S A
2. Trillium Renewable Chemicals
3. Zoltek Companies Inc
4. Mitsubishi Chemical Carbon Fiber and Composites
5. Carbon Conversions
6. Hexcel Corporation
7. Carbon clean solutions
8. Torey Industries
9. NREL

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Table of content for the Renewable Carbon Fibers Market includes:

1. Global Renewable Carbon Fibers Market: Research Methodology

2. Global Renewable Carbon Fibers Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

3. Global Renewable Carbon Fibers Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America

COVID-19 Impact

4. Global Renewable Carbon Fibers Market Segmentation

Global Market, by Feedstock (2022-2029)
Global Market, by Spinning Process (2022-2029)
Global Market, by Application (2022-2029)

5. Regional Renewable Carbon Fibers Market (2022-2029)

Regional Market, by Feedstock (2022-2029)
Regional Market, by Spinning Process (2022-2029)
Regional Market, by Application (2022-2029)
Regional Market, by Country (2022-2029))

6. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

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Regional Insights:

The report provides regional insights into the renewable carbon fibers market, with a focus on North America and the Asia Pacific.

North America The North American renewable carbon fibers market is in its early stages of development, with a potential for significant growth. Factors like high research and development, strong aerospace and automotive industries, government support, sustainability concerns, and established manufacturing infrastructure indicate promising opportunities for the regional market. Ongoing research aims to improve manufacturing processes, feedstock availability, and cost competitiveness, which could further drive market growth.

Asia Pacific The Asia Pacific region is projected to experience a high CAGR during the forecast period. The region's growing renewable energy sector, strong manufacturing base, abundance of biomass resources, supportive government initiatives, and emerging markets contribute to its potential for renewable carbon fiber production and development. Government policies and initiatives that promote renewable energy and sustainable materials are expected to fuel market growth in the region

Key Offerings:

Past Market Size and Competitive Landscape (2017 to 2022)
Past Pricing and price curve by region (2017 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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