Carbon Fiber Market By Application (Aerospace & Defense, Wind Energy, Automotive, Sporting Goods, Civil Engineering, Pipe & Tank, Electronics & Electricals, Marine), By Tow Size (Small Tow Size, Large Tow Size), By Raw Materials (Pan Basedcarbon Fiber, Pitch Basedcarbon Fiber, Rayon Basedcarbon Fiber), Industry Size, Growth, Share And Forecast To 2022

Published By: Brisk Insights | Published On: Jul 27, 2016

Key Findings


The global carbon fiber market is projected to grow exponentially at a CAGR of 9.55% during the forecast period 2016-2022. Growing demand of lightweight materials in the manufacturing industry is primarily driving the growth of the global market. Further, increase in the number of patents by CF products & applications by major firms, growth of manufacturing industries, perpetual collaboration & joint ventures, agreements, and market expansion practiced by the global players have propelled the growth of global carbon fiber market.


Rise in the use of carbon fiber in wind turbine blades, commercial aircraft (A380 and B787), automotive applications and other industrial uses have a positive impact on the overall market. Moreover, growth of wind energy market is expected to create new growth opportunities for the global carbon fiber market. However, high cost of carbon fiber composite and insufficient production capacity would hinder the market growth during the study period.


There has been a steady rise in the use of cleaner, safer, lighter and energy-efficient products in the overall automotive industry, particularly in North America. This has created a strong proposition for the use of carbon fibers in the manufacture of green vehicles. To channelize the growing demand of clean and fuel-efficient vehicles, many companies are increasing the use of carbon fibers in the automotive production. The companies are signing agreements with the carbon fiber supplier to achieve cost advantage and offer safer and energy efficient vehicles.


The application of carbon fibers is also increasing in other segments such as printer manufacturing and more. For example, the Markforged Company recently launched their Mark Two printer using carbon fiber in it. The Mark Two is the most recent up gradation of the company’s CFF 3D printer. Markforged describes the system as being 40 percent faster than the Mark One. As the Mark Two is capable of reinforcing nylon and carbon fiber-nylon composite parts with carbon fiber, Kevlar, fiberglass and HSHT fiberglass, it offers a number of capabilities which are not possible with traditional desktop extrusion 3D printers.


Market Segment Insights


The global carbon fiber market is segmented in terms of application, tow size and raw materials. The end user application of the carbon fiber market consist of aerospace & defense, wind energy, automotive, sporting goods, civil engineering, pipe & tank, electronics & electricals, marine, and others. The automotive application will register the highest growth rate during the forecast period owing to growth of energy-efficient and lighter vehicles. In terms of raw materials, the global carbon fiber market is divided as pan based, pitch based and rayon based. Pith based segment will have the highest compound annual growth rate due to its ultra-high elastic modulus that results in its wide application in high stiffness products. Further, pitch based carbon fibers are also high in electric and thermal conductivity. Based on tow size, the market is segment into small tow size and large tow size.


Regional Insights


Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America contributes maximum revenue towards the global carbon fiber market, due to increasing use of high quality products in aerospace & defense industry, rise in sale of demand heavy-duty vehicle (HDV) and medium-duty vehicle (MDV), easy availability of raw materials, and other supporting developments in the region. Asia Pacific and R.O.W would witness highest compound annual growth rate due to demand for high performance composite materials and rising demand in the end user industries.


Competitive Insights


The key players in the global alcohol ethyoxylate market include Toray Industries Inc. (Japan), Teijin Limited (Japan), Mitsubishi Rayon Co. Ltd. (Japan), SGL-Group (Germany), Formosa Plastics Corporation (Taiwan), and Hexcel Corporation (U.S.). The strategies followed by the aforementioned companies include both inorganic and organic such as joint ventures, collaborations, agreements, mergers & acquisitions, expansions, and technology advancements & new product development.


Recently, Mercedes-Benz has unveiled its “Vision Golf Cart” a luxury golf cart that only weighs 440 kilograms (970 pounds), largely in part due to its carbon fiber roof, rear spoiler and diffuser. Carbon fiber is also used for aesthetics on the cart, as the trim is a combination of leather, wood, carbon fiber and metals. Similarly, Cyclotron, has manufactured carbon fiber based bikes. The company combined two layers of carbon fiber with an ultra-lightweight core structure, and hence it can prevent layers of carbon fiber and less resin, without impairing stability.

1. Methodology & Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources


2. Executive Summary
2.1. Global Carbon Fiber Market- market summary & key buying criteria
2.2. Global Carbon Fiber Market outlook
2.3. Market Segmentation analysis
2.4. Market size and growth prospects, 2012-2022
2.5. Carbon fiber industry value chain analysis
2.6. Vendor Landscape


3. Global Carbon Fiber Market Dynamics
3.1. Market driver analysis
3.1.1. Growing demand for lightweight material
3.1.2. Increasing CF patents
3.1.3. New manufacturing & construction projects in Asia Pacific & Middle East
3.1.4. Joint ventures and collaboration between companies
3.2. Market restraint analysis
3.2.1. High raw material cost
3.2.2. Insufficient production capacity
3.3. Key opportunities
3.3.1. Rising demand from Emerging Applications
3.3.2. Growing demand from emerging economies
3.4. Key Challenges
3.4.1. High Capital Costs
3.4.2. No major R&D Advancements

4. Industry analysis
4.1. Global carbon fiber market– Porter’s five forces model
4.2. Global carbon fiber market– Pestel analysis
4.3. Global carbon fiber market– Gap analysis


5. Global Carbon Fiber Market By Application 2012 - 2022 ($ Million)
5.1. Global carbon fiber market by aerospace & defense 2012 - 2022 ($ Million)
5.2. Global carbon fiber market by wind energy 2012 - 2022 ($ Million)
5.3. Global carbon fiber market by automotive 2012 - 2022 ($ Million)
5.4. Global carbon fiber market by sporting goods 2012 - 2022 ($ Million)
5.5. Global carbon fiber market by civil engineering 2012 - 2022 ($ Million)
5.6. Global carbon fiber market by pipe & tank 2012 - 2022 ($ Million)
5.7. Global carbon fiber market by electronics & electricals 2012 - 2022 ($ Million)
5.8. Global carbon fiber market by marine 2012 - 2022 ($ Million)
5.9. Global carbon fiber market by others 2012 - 2022 ($ Million)


6. Global Carbon Fiber Market By Tow Size 2012 - 2022 ($ Million)
6.1. Global carbon fiber market by small tow size 2012 - 2022 ($ Million)
6.2. Global carbon fiber market by large tow size 2012 - 2022 ($ Million)


7. Global Carbon Fiber Market By Raw Materials 2012 - 2022 ($ Million)
7.1. Global carbon fiber market by pan basedcarbon fiber 2012 - 2022 ($ Million)
7.2. Global carbon fiber market by pitch basedcarbon fiber 2012 - 2022 ($ Million)
7.3. Global carbon fiber market by rayon basedcarbon fiber 2012 - 2022 ($ Million)


8. Global Carbon Fiber Market Regional Outlook 2012-2022($ Million)
8.1. Global Carbon Fiber Market by region 2012-2022 ($ MILLION)
8.2. North America
8.2.1. North America market estimates and forecast 2012 – 2022 ($ Million)
8.2.2. North America market estimates and forecast by application 2012 – 2022 ($ Million)
8.2.3. North America market estimates and forecast by region 2012 – 2022 ($ Million)
8.2.3.1. U.S.
8.2.3.1.1. U.S. market estimates and forecast 2012 – 2022 ($ Million)
8.2.3.1.2. U.S. market estimates and forecast by application 2012 – 2022 ($ Million)
8.2.3.2. Canada
8.2.3.2.1. Canada market estimates and forecast 2012 – 2022 ($ Million)
8.2.3.2.2. Canada market estimates and forecast by application 2012 – 2022 ($ Million)
8.2.3.3. Mexico
8.2.3.3.1. Mexico market estimates and forecast 2012 – 2022 ($ Million)
8.2.3.3.2. Mexico market estimates and forecast by application 2012 – 2022 ($ Million)
8.3. Europe
8.3.1. Europe market estimates and forecast 2012 – 2022 ($ Million)
8.3.2. Europe market estimates and forecast by application 2012 – 2022 ($ Million)
8.3.3. Europe market estimates and forecast by region 2012 – 2022 ($ Million)
8.3.3.1. Germany
8.3.3.1.1. Germany market estimates and forecast 2012 – 2022 ($ Million)
8.3.3.1.2. Germany market estimates and forecast by application 2012 – 2022 ($ Million)
8.3.3.2. UK
8.3.3.2.1. UK market estimates and forecast 2012 – 2022 ($ Million)
8.3.3.2.2. UK Market estimates and forecast by application 2012 – 2022 ($ Million)
8.3.3.3. France
8.3.3.3.1. France market estimates and forecast 2012 – 2022 ($ Million)
8.3.3.3.2. France market estimates and forecast by application 2012 – 2022 ($ Million)
8.3.3.4. Italy
8.3.3.4.1. Italy market estimates and forecast 2012 – 2022 ($ Million)
8.3.3.4.2. Italy market estimates and forecast by application 2012 – 2022 ($ Million)
8.4. Asia Pacific
8.4.1. Asia Pacific market estimates and forecast 2012 – 2022 ($ Million)
8.4.2. Asia Pacific market estimates and forecast by application 2012 – 2022 ($ Million)
8.4.3. Asia Pacific market estimates and forecast by region 2012 – 2022 ($ Million)
8.4.3.1. China
8.4.3.1.1. China market estimates and forecast 2012 – 2022 ($ Million)
8.4.3.1.2. China market estimates and forecast by application 2012 – 2022 ($ Million)
8.4.3.2. India
8.4.3.2.1. India market estimates and forecast 2012 – 2022 ($ Million)
8.4.3.2.2. India market estimates and forecast by application 2012 – 2022 ($ Million)
8.4.3.3. JAPAN
8.4.3.3.1. Japan market estimates and forecast 2012 – 2022 ($ Million)
8.4.3.3.2. Japan market estimates and forecast by application 2012 – 2022 ($ Million)
8.4.3.4. RoAPAC
8.4.3.4.1. RoAPAC market estimates and forecast 2012 – 2022 ($ Million)
8.4.3.4.2. RoAPAC market estimates and forecast by application 2012 – 2022 ($ Million)
8.5. Middle East & Africa
8.5.1. Middle East & Africa market estimates and forecast 2012 – 2022 ($ Million)
8.5.2. Middle East & Africa market estimates and forecast by application 2012 – 2022 ($ Million)
8.6. Central & South America
8.6.1. Central & South America market estimates and forecast 2012 – 2022 ($ Million)
8.6.2. Central & South America market estimates and forecast by application 2012 – 2022 ($ Million)
8.6.2.1. Brazil
8.6.2.1.1. Brazil market estimates and forecast 2012 – 2022 ($ Million)
8.6.2.1.2. Brazil market estimates and forecast by application 2012 – 2022 ($ Million)


9. Competitive Landscape
9.1. Cytec Industries Inc.
9.1.1. Company Overview
9.1.1.1. SCOT analysis
9.1.1.2. Product Benchmarking
9.1.2. Strategic Initiatives
9.2. Dowaksa
9.2.1. Company Overview
9.2.2. SCOT analysis
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. EFT Fibers
9.3.1. Company Overview
9.3.2. SCOT analysis
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Formosa Plastics Corporation
9.4.1. Company Overview
9.4.2. SCOT analysis
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Hexcel Corporation
9.5.1. Company Overview
9.5.2. SCOT analysis
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Hyosung
9.6.1. Company Overview
9.6.2. SCOT analysis
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Mitsubishi Rayon Co. Ltd.
9.7.1. Company Overview
9.7.2. SCOT analysis
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Nippon Graphite Fiber Corporation
9.8.1. Company Overview
9.8.2. SCOT analysis
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. SGL Group
9.9.1. Company Overview
9.9.2. SCOT analysis
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Taekwang Industrial Co. Ltd.
9.10.1. Company Overview
9.10.2. SCOT analysis
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Teijin Limited
9.11.1. Company Overview
9.11.2. SCOT analysis
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. Tencate
9.12.1. Company Overview
9.12.2. SCOT analysis
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives
9.13. Toho Tenax
9.13.1. Company Overview
9.13.2. SCOT analysis
9.13.3. Product Benchmarking
9.13.4. Strategic Initiatives
9.14. Toray Industries Inc.
9.14.1. Company Overview
9.14.2. SCOT analysis
9.14.3. Product Benchmarking
9.14.4. Strategic Initiatives
9.15. Zoltek
9.15.1. Company Overview
9.15.2. SCOT analysis
9.15.3. Product Benchmarking
9.15.4. Strategic Initiatives

1. Global Carbon Fiber Market By Application 2012 - 2022 ($ Million)
2. Global carbon fiber market by tow size 2012 - 2022 ($ Million)
3. Global carbon fiber market by raw materials 2012 - 2022 ($ Million)
4. Global Carbon Fiber Market by region 2012-2022 ($ MILLION)
5. North America market estimates and forecast by application 2012 – 2022 ($ Million)
6. North America market estimates and forecast by region 2012 – 2022 ($ Million)
7. U.S. market estimates and forecast by application 2012 – 2022 ($ Million)
8. Canada market estimates and forecast by application 2012 – 2022 ($ Million)
9. Mexico market estimates and forecast by application 2012 – 2022 ($ Million)
10. Europe market estimates and forecast by application 2012 – 2022 ($ Million)
11. Europe market estimates and forecast by region 2012 – 2022 ($ Million)
12. Germany market estimates and forecast by application 2012 – 2022 ($ Million)
13. UK Market estimates and forecast by application 2012 – 2022 ($ Million)
14. France market estimates and forecast by application 2012 – 2022 ($ Million)
15. Italy market estimates and forecast by application 2012 – 2022 ($ Million)
16. Asia Pacific market estimates and forecast by application 2012 – 2022 ($ Million)
17. Asia Pacific market estimates and forecast by region 2012 – 2022 ($ Million)
18. China market estimates and forecast by application 2012 – 2022 ($ Million)
19. India market estimates and forecast by application 2012 – 2022 ($ Million)
20. Japan market estimates and forecast by application 2012 – 2022 ($ Million)
21. RoAPAC market estimates and forecast by application 2012 – 2022 ($ Million)
22. Middle East & Africa market estimates and forecast by application 2012 – 2022 ($ Million)
23. Central & South America market estimates and forecast by application 2012 – 2022 ($ Million)
24. Brazil market estimates and forecast by application 2012 – 2022 ($ Million)

1. Global carbon fiber market by aerospace & defense 2012 - 2022 ($ Million)
2. Global carbon fiber market by wind energy 2012 - 2022 ($ Million)
3. Global carbon fiber market by automotive 2012 - 2022 ($ Million)
4. Global carbon fiber market by sporting goods 2012 - 2022 ($ Million)
5. Global carbon fiber market by civil engineering 2012 - 2022 ($ Million)
6. Global carbon fiber market by pipe & tank 2012 - 2022 ($ Million)
7. Global carbon fiber market by electronics & electricals 2012 - 2022 ($ Million)
8. Global carbon fiber market by marine 2012 - 2022 ($ Million)
9. Global carbon fiber market by others 2012 - 2022 ($ Million)
10. Global carbon fiber market by small tow size 2012 - 2022 ($ Million)
11. Global carbon fiber market by large tow size 2012 - 2022 ($ Million)
12. Global carbon fiber market by pan based carbon fiber 2012 - 2022 ($ Million)
13. Global carbon fiber market by pitch basedcarbon fiber 2012 - 2022 ($ Million)
14. Global carbon fiber market by rayon basedcarbon fiber 2012 - 2022 ($ Million)
15. Market Share by Regions
16. North America market estimates and forecast 2012 – 2022 ($ Million)
17. United states market estimates and forecast 2012 – 2022 ($ Million)
18. Canada market estimates and forecast 2012 – 2022 ($ Million)
19. Mexico market estimates and forecast 2012 – 2022 ($ Million)
20. Europe market estimates and forecast 2012 – 2022 ($ Million)
21. Germany market estimates and forecast 2012 – 2022 ($ Million)
22. UK market estimates and forecast 2012 – 2022 ($ Million)
23. France market estimates and forecast 2012 – 2022 ($ Million)
24. Italy market estimates and forecast 2012 – 2022 ($ Million)
25. Asia Pacific market estimates and forecast 2012 – 2022 ($ Million)
26. China market estimates and forecast 2012 – 2022 ($ Million)
27. India market estimates and forecast 2012 – 2022 ($ Million)
28. Japan market estimates and forecast 2012 – 2022 ($ Million)
29. RoAPAC market estimates and forecast 2012 – 2022 ($ Million)
30. Middle East & Africa market estimates and forecast 2012 – 2022 ($ Million)
31. Central & South America market estimates and forecast 2012 – 2022 ($ Million)
32. Brazil market estimates and forecast 2012 – 2022 ($ Million)

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