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Carbon Fiber Market worth $17.50 billion by 2030, growing at a CAGR of 11.93% - Exclusive Report by 360iResearch
Carbon Fiber Market | 360iResearch
The Global Carbon Fiber Market to grow from USD 7.95 billion in 2023 to USD 17.50 billion by 2030, at a CAGR of 11.93%.
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Carbon fiber is a lightweight & high-strength type material that encompasses very thin strands of carbon atoms bonded together in microscopic crystals which are further aligned parallel to fiber's long axis. This crystal alignment provides fiber a high strength-to-volume ratio, making it strong for its size. The fibers are typically combined with other materials to form a composite, which can be molded into various shapes and structures. Increasing applications across industries such as aerospace, automotive, sports equipment, and construction have fueled the market demand for carbon fiber owing to its superior strength, stiffness, and low-weight properties. Furthermore, advancements in technology and governmental regulations pushing for fuel efficiency and reduced emissions also contribute to the increasing adoption of carbon fiber in vehicle production. However, the high cost of production, processing complexities, and competition from alternative materials such as glass fiber and aluminum may pose challenges for the market. Nevertheless, the development of low-cost production methods and expanding applications in energy storage & transmission may present opportunistic growth for the market. Moreover, Innovations in recycling carbon fiber could also open new avenues in various sectors.
In the Americas, the United States leads the carbon fiber market, leveraging its advanced aerospace and automotive industries. A combination of technological innovation, a well-established industrial base, and the presence of significant market players drives the market. The demand for high-performance and lightweight materials for use in the automotive, defense, and wind energy sectors further stimulates the market growth in this region. The EMEA region features a diverse market with strong carbon fiber demand from the automotive, aerospace, and wind energy industries. Europe registers a high demand for carbon fibers owing to the many economies being hub for automotives and stringent environmental regulations driving the need for lightweight materials. The development of green energy solutions, including wind and solar energy infrastructure, is poised to boost the carbon fiber demand in the realm of renewable energy markets. The Asia Pacific region depicts opportunistic landscape for the carbon fiber market, with demand from industries of economies of China, Japan, and South Korea. The expanding middle class and a corresponding rise in consumer goods production, as well as increased infrastructure development projects, demand the strength and lightweight characteristics of carbon fiber composites. High growth rates in the region's automotive, aerospace, and construction industries are the major drivers of carbon fiber demand. R&D investments in carbon fiber technology and scaling production capabilities are vital opportunities for growth, with the potential to reduce overall production costs and increase adoption in various industries.
Market Segmentation & Coverage:
This research report categorizes the Carbon Fiber Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Raw Material Type, market is studied across PAN-based Carbon Fiber and Pitch-based Carbon Fiber. The PAN-based Carbon Fiber is projected to witness significant market share during forecast period.
Based on Fiber Type, market is studied across Recycled Fiber and Virgin Fiber. The Recycled Fiber is projected to witness significant market share during forecast period.
Based on Modulus, market is studied across High Modulus, Intermediate Modulus, and Standard Modulus. The Intermediate Modulus is projected to witness significant market share during forecast period.
Based on Application, market is studied across Catalysis, Composite Materials, Microelectrodes, and Textiles. The Textiles is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Aerospace & Defense, Automotive, Construction & Infrastructure, Medical & Healthcare, and Renewable Energy. The Construction & Infrastructure is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.21% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Carbon Fiber Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Carbon Fiber Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Carbon Fiber Market, highlighting leading vendors and their innovative profiles. These include ACP Composites, Inc., Advanced Composites Inc., Avient Corporation, CeraMaterials, Clearwater Composites, LLC, Composite Manufacturing Inc, DowAksa Advanced Composites Holdings BV, EPSILON COMPOSITE SA, Gen 2 Carbon Limited, Hexcel Corporation, HYOSUNG ADVANCED MATERIALS, Kureha Corporation, Mid-Mountain Materials, Inc., Mitsubishi Chemical Corporation, Nippon Graphite Fiber Co., Ltd., Osaka Gas Chemicals Co., Ltd., SGL Carbon SE, Solvay S.A., Spartec Composites Inc, Taekwang Industries Co. Ltd., Teijin Limited, TIP composite Co., Ltd., Toray Industries, Inc., Umatex Group, and Zhongfu-Shenying Carbon Fiber Co. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Carbon Fiber Market, by Raw Material Type
7. Carbon Fiber Market, by Fiber Type
8. Carbon Fiber Market, by Modulus
9. Carbon Fiber Market, by Application
10. Carbon Fiber Market, by End-Use
11. Americas Carbon Fiber Market
12. Asia-Pacific Carbon Fiber Market
13. Europe, Middle East & Africa Carbon Fiber Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Carbon Fiber Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Carbon Fiber Market?
3. What is the competitive strategic window for opportunities in the Carbon Fiber Market?
4. What are the technology trends and regulatory frameworks in the Carbon Fiber Market?
5. What is the market share of the leading vendors in the Carbon Fiber Market?
6. What modes and strategic moves are considered suitable for entering the Carbon Fiber Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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