Global Carbon Fiber Market 2018 Status & Outlook by Types (Regular TOW & Large Tow), Key Players, Applications & Drivers | Forecast Valued to be 7.27 billion USD by 2025
The Carbon Fiber Market Size is expected to reach USD 7.27 billion million by 2025, registering a CAGR of 10.6% during the forecast period (2018 – 2025). Major factors expected to drive the Carbon Fiber Market are emerging wind energy applications, increasing demand in the aerospace industry and growing demand in the retail sporting goods market. Other factor fueling the market over the forecast period is rising automotive demand, along with the increasing need for lightweight vehicles.
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Upsurge need for fuel-efficient vehicles with the government regulations regarding automotive pollution is also expected to play a vital role in driving the market. As an initiative government has up scaled the fuel efficiency requirements for upcoming automobiles, therefore, companies have onset carbon fiber use to make the vehicles fuel-efficient and lightweight. Due to its light weight, carbon fiber is able to replace the metal in automotive applications which consequently leads to lesser fuel consumption. Active automotive manufacturers such as Mercedes-Benz, McLaren, BMW, Lamborghini and Chevrolet have started to incorporate carbon fiber in their vehicles contributing to reduced weight.
On the other hand, insufficient product capability and expensive fibers may hamper the market growth rate from obtaining higher lucrativeness. Besides, if dint or a crack appears, it is neither repairable nor recyclable. The material can’t be strong as before so eventually needs to be replaced.
The Fastest Growing Segment by Usage is Aerospace
Mounting aerospace industry in Europe and North America is expected to bolster the Carbon Fiber Market. Higher demands for commercial aviation backed by increased disposable income and globalization has great impact on the growth of aerospace industry. The tremendous growth of aviation industry will further expand the application of carbon fiber in the air transport sector. Top-notch aircraft manufacturers such as Airbus and Boeing have turned to carbon fibers for aircrafts and its parts production, which in turn, contributes in weight reduction of aircrafts by to the extent of half. The growing penetration of carbon fiber in defense and automotive sector will accelerate the market growth.
Regions and Players to Dominate the Carbon Fiber Market
North America and Europe is anticipated to register the hugest demand for Carbon Fiber Market due to the growing aerospace, automotive, wind turbine, defense and sports/leisure industries. Geared up demand from leisure and sports applications, particularly in Asia Pacific region, is likely to propel the product scope.
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Carbon Fiber Market growth is strongly guided by following key Players:
- Teijin Limited
- Mitsubishi Rayon Co. Ltd.
- SGL Carbon
- Formosa Plastics Corp
- Hexcel Corporation
- DowAksa
- Cytec Industries (Cytec Solvay Group)
In terms of revenue generation, Toray Industries Inc. leads the Carbon Fiber Market with highest share, followed by Mitsubishi and Teijin. With respect to the revenue, Formosa and SGL group holds fourth and fifth place. Other prominent players in the industry have fragmented revenue sources from strategic business or tie-ups with end users.
Segmentation of Carbon Fiber Market
The report Carbon Fiber Market has varied segmentation, with respect to Precursor Type, it has Pitch Based Carbon Fiber and PAN Based Carbon Fiber. On the basis of Tow size, it has Small Tow (≤24k) and Large Tow (<24k). Moreover, the segmentation on the basis of Modulus includes Standard, Intermediate and High.
*Key Segments of the global Carbon Fiber Market:
1] On the Basis of Types, Carbon Fiber industry Splits into Following;
- Regular Tow
- Large Tow
2] On the Basis of Applications, Carbon Fiber industry Splits into;
- Automotive
- Aerospace & Defense
- Wind Turbines
- Sports Equipment
- Industrial Materials
3] Regional Covered in the report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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*Some Points from TOC of the Carbon Fiber industry report:
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Carbon Fiber industry Outlook
Chapter 4 Carbon Fiber Market Overview, by Type
- Regular tow
- Large tow
Chapter 5 Carbon Fiber Market Overview, by Applications
- Automotive
- Aerospace & defense
- Wind turbines
- Sports equipment
- Industrial materials
- Others
Chapter 6 Carbon Fiber Market Overview, by Region
Chapter 7 Industry Structure
Chapter 8 Company Profiles
…Continued
List of Tables present in the report:
- Global carbon fiber market consumption (Tons), by type (2013-2025)
- Global carbon fiber market revenue (USD Million), by type (2013-2025)
- Global carbon fiber market production (Tons), by type (2013-2025)
- Global carbon fiber market consumption (Tons), by application (2013-2025)
- Global carbon fiber market revenue (USD Million), by application (2013-2025)
- Global carbon fiber market consumption (Tons), by region (2013-2025)
- Global carbon fiber market revenue (USD Million), by region (2013-2025)
- Global carbon fiber market production (Tons), by region (2013-2025)
- …Continued
List of Figures present in the report:
- Market segmentation
- Porter’s Five Forces’ analysis
- Value Chain analysis
- PESTLE analysis
- Global carbon fiber market consumption (tons) and revenue (USD Million), 2013-2025
- Global carbon fiber price trend, 2013-2025
- Global carbon fiber revenue (USD Million) market share, by type, 2017 & 2025
- Global carbon fiber production (tons) market share, by type, 2017 & 2025
- Global carbon fiber revenue (USD Million) market share, by application, 2017 & 2025
- Global carbon fiber revenue (USD Million) market share, by region, 2017 & 2025
- Global carbon fiber production (tons) market share, by region, 2017 & 2025
- …Continued
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