Carbon Fiber Composites Market Comprehensive Analysis forecast 2029 | Top Countries Data

Carbon fiber composites offer high corrosion resistance, reduced thermal expansion, and exceptional durability, rendering them utilized in the production of aerospace parts. Additionally, increasing aircraft production may further expand the carbon fiber composites industry over the forecast period.

The market is experiencing a slew of material innovations, including the introduction of Carbon Fiber Reinforced Thermoplastic (CFRTP). Advanced CFRTP with mass production technology has a molding time of one minute with around 40% lighter and ten times higher impact resistance compared to steel.

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**Note: Version 2023 has been updated.

What does this report offer?

Market size (historical and future), market growth, technical trends, market share, market dynamics, competitive landscape, and key players are all factors to consider.

What size is the Carbon Fiber Composites Market:

Global Carbon Fiber Composites Market growing at a CAGR of 6%, and it is expected to reach USD 27.91 billion by 2029, over the forecast period 2023-2029.

Market Trends
Aerospace and Defense Application to Dominate the Market

Carbon-fiber-based composites are increasingly used in the aerospace industry for aircraft parts, larger structures, and defense. These materials offer weight reduction, resistance, insulation, and radar absorption. They reduce maintenance costs, reduce aircraft weight, and reduce fuel consumption. Carbon composites also offer a high strength-to-weight ratio, allowing aircraft to fly farther and carry more passengers. Their growing popularity is driven by increasing preferences for these properties.

DRIVING FACTORS
Increasing Product Usage in Automotive Industry to Drive Market Growth

Carbon fiber, a lightweight and strong material with a low weight-to-strength ratio, is increasingly used in the automotive industry for lightweight and durable vehicles. Its superior chemical resistance and high durability make it ideal for creating body parts like hoods, roofs, doors, and bumper beams. Carbon fiber's low density and fuel efficiency make it a popular choice for lightweight vehicles, ranging from mopeds to high-end supercars, driving market growth.

RESTRAINING FACTORS
High Cost of the Product to Hinder Market Growth

Carbon composites are used in various industries due to their high performance and lightweight properties. However, their high manufacturing costs, influenced by the yield and precursor cost, limit market growth. The average cost of non-aerospace grade PAN-based carbon fibers is around $21.5 per kg, with a conversion efficiency of only 50%. Stringent regulations in developed and developing countries also restrict the production of graphite fiber, further limiting market growth.

Who are the key industry players?

Toray Industries Inc., (Japan), DowAksa (Turkey), Mitsubishi Chemical Corporation (Japan), Solvay (Belgium), Teijin Limited (Japan), SGL Carbon (Germany), Hexcel Corporation (US), Hyosung Advanced Materials (South Korea), Zhongfu Shenying Carbon Co., Ltd. (China), Formosa Plastics Corporation (Taiwan), Jiangsu Hengshen Co., Ltd. (China), and Jilin Chemical Fiber Group Co., Ltd. (China)

Recent Developments:

November 2021: Hexcel and Fairmat established a partnership to develop the capability to recycle carbon fiber prepreg from Hexcel's European operations for use in commercial composite panels.
April 2021: Japan Polychem Corporation, a wholly-owned subsidiary of Mitsubishi Chemical Corporation, acquired Japan Polypropylene Corporation (JPP) Group companies and transferred the polypropylene compound (PPCP) business and FUNCSTER thermoplastic resin reinforced with long glass fiber business held by JPP

What precisely is market segmentation?

Carbon Fiber Composites Market By End-User Industry, 2023-2029, (Usd Billion), (Kilotons)

Aerospace

Automotive

Wind Turbines

Sport & Leisure

Civil Engineering

Marine

Carbon Fiber Composites Market By Matrix Material, 2023-2029, (Usd Billion), (Kilotons)

Polymer

Thermosetting

Thermoplastics

Carbon

Ceramic

Metal

Hybrid

Carbon Fiber Composites Keyword Analysis by Regions - Global Version

North America (the United States, Canada, and Mexico)

- Europe (Germany, France, the United Kingdom, the Netherlands, Italy, the Nordic countries, Spain, Switzerland, and the remainder of Europe)

- Asia-Pacific (including China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the rest of APAC)

- South America (Brazil, Argentina, Chile, Colombia, and the remaining countries, among others)

- the Middle East and Africa (Saudi Arabia, UAE, Israel, Egypt, Turkey, Nigeria, South Africa, and the rest of the MEA)

This report contains detailed quantitative assessments of the Carbon Fiber Composites market as well as recommendations for building strategies to assist market success and growth.

Table of Content:

1 Study Reporting
1.1 Carbon Fiber Composites Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Carbon Fiber Composites Market Size Growth Rate by Type
1.5 Market by Application

2 Executive Instantaneous
2.1 Global Carbon Fiber Composites Market Size
2.1.1 Global Carbon Fiber Composites Revenue
2.1.2 Global Carbon Fiber Composites Production
2.2 Carbon Fiber Composites Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Carbon Fiber Composites Manufacturers
2.3.2.1 Carbon Fiber Composites Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers «Keyword» Product Offered

2.3.2.3 Date of Manufacturers Enter into Carbon Fiber Composites Market
2.4 Key Trends for Carbon Fiber Composites Markets & Products

3 Market Size by Manufacturers
3.1 Carbon Fiber Composites Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans

4 Carbon Fiber Composites Production by Regions

4.1 Global Carbon Fiber Composites Production by Regions
4.1.1 Global Carbon Fiber Composites Production Market Share by Regions
4.1.2 Global Carbon Fiber Composites Revenue Market Share by Regions
4.2 United States
4.2.1 United States Carbon Fiber Composites Production
4.2.2 United States Carbon Fiber Composites Revenue
4.2.3 Key Players in United States
4.2.4 United States Carbon Fiber Composites Import & Export
4.3 Europe
4.3.1 Europe Carbon Fiber Composites Production
4.3.2 Europe Carbon Fiber Composites Revenue
5 Carbon Fiber Composites Consumption by Regions
5.1 Global Carbon Fiber Composites Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country

6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type

7 Market Size by Application
7.1 Overview
7.2 Global Carbon Fiber Composites Breakdown Dada by Application
7.2.1 Global Carbon Fiber Composites Consumption by Application

7.2.2 Global Carbon Fiber Composites Consumption Market Share by Application

8 Manufacturers Profiles
9 Production Forecasts
9.1 Carbon Fiber Composites Production and Revenue Forecast
9.1.1 Global Carbon Fiber Composites Production Forecast
9.1.2 Global Carbon Fiber Composites Revenue Forecast
9.2 Carbon Fiber Composites Production and Revenue Forecast by Regions
9.2.1 Global Carbon Fiber Composites Revenue Forecast by Regions
9.2.2 Global Carbon Fiber Composites Production Forecast by Regions
9.3 Carbon Fiber Composites Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Carbon Fiber Composites Production Forecast by Type
9.4.2 Global Carbon Fiber Composites Revenue Forecast by Type

10 Consumption Forecast
10.1 Carbon Fiber Composites Consumption Forecast by Application
10.2 Carbon Fiber Composites Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Carbon Fiber Composites Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Carbon Fiber Composites Consumption Forecast by Regions 2018-2025
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Carbon Fiber Composites Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Carbon Fiber Composites Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Carbon Fiber Composites Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Carbon Fiber Composites Sales Channels
11.2.2 Carbon Fiber Composites Distributors
11.3 Carbon Fiber Composites Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators

13 Key Findings in the Global Carbon Fiber Composites Study

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

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The study of the effects of the Russia-Ukraine War and COVID-19 on Carbon Fiber Composites industry will be added to the final report.

The market for Carbon Fiber Composites has been thoroughly researched for this research report using both primary and secondary sources. Along with a competitive analysis of the market, segmented by application, type, and geographical trends, it offers a comprehensive overview of the market's present and future goals. Additionally, a dashboard analysis of the previous and current performance of top organizations is provided. To ensure accurate and thorough information about the Carbon Fiber Composites Market, a range of approaches and analysis are utilized in the study.

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