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Carbon Fiber Market by Product Type, Raw Material, Form, End User Industry, and Region - Global Forecast to 2026

Carbon Fiber Market: Global Forecast until 2026

  • December 2016
  • 151 pages
  • ID: 4523633
In this report:
The market size for carbon fiber in the electrical & electronics end-use industry was ##.## kilotons in 2015 and is projected to reach ##.## kilotons by 2021, registering a CAGR of ##.##% between 2016 and 2021.
The company invested and expanded its Otake (Japan) Production Center to increase large-tow carbon fiber capacity from ##,## tons per year to ##,## tons by the second quarter of 2017.


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"Carbon fiber market forecasted to grow at a Compound annual growth rate of 10.80 percent in terms of value from 2016 to 2026"

The overall carbon fiber market is estimated to grow ~$8.0B by 2026, at a compound annual growth rate (CAGR) of 10.80 percent from 2016 to 2026. The main drivers of the overall carbon fiber market are, the growing demand for carbon fiber from the automotive and aerospace & defense end-user markets, rising usage of carbon fiber in wind energy, and recent product launches in the carbon fiber market. Nevertheless, issues associated to the high cost of carbon fiber and insufficient production capacity are the main factors restraining the increase of the market.

"Aerospace & defense end-user sector form the biggest market share in the carbon fiber market, by value."

Carbon fiber is gaining importance in the aerospace & defense end-user market as it enhances the strength and rigidity of the composite. Carbon fiber is already being used in the aerospace sector, with 50.0 percent of an aircraft's components being composites. Carbon fiber has great strength-to-weight capability as distinguished to other traditional aerospace materials, and hence, facilitates more efficient designs, structurally. It is normally used in secondary structures including fairings, seat structures, luggage racks, galley equipment, and aircraft nose.

"North America (NA) is the quickest-rising area in carbon fiber market."

North America continent is the quickest-increasing area in the carbon fiber market. The growing demand for carbon fiber based composites by several end-use sectors including, automotive, aerospace & defense, wind energy, and sporting goods is driving the carbon fiber market in the territory. Furthermore, the area is attesting quick economic development and industrialization which is also driving the carbon fiber market in the territory.

This analysis has been approved through primaries managed with different market experts, globally. Those primary sources have been sliced into the following three categories:

- By type of company- tier 1 35.0 percent, Tier 2 25.0 percent, and Tier 3 40.0 percent

- By designation- C Level- 30.0 percent, Director Level- 25.0 percent, and Others- 45.0 percent

- By region- North america (NA)- 30%, EU- 25.0 percent, Asia-pac- 30%, Latin America- 10.0 percent and Middle East (ME) & Africa- 5.0 percent

Segment Research

The analysis includes the overall carbon fiber market in terms of form types, end-user markets, raw material, and product types. It aims at evaluating the market value and upcoming growth potential of this market across several segments including, end-user sectors, product class, form, raw material type, and area. Moreover, the market research also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Why acquiring this study can help you:

The study will facilitate industry top players/new sector entrants in this sector by providing them the closest approximations of the revenues for the global carbon fiber market and the sub-segments. The analysis will facilitate partners to better find out the competitive landscape and obtain additional insights, to better position their businesses and industry strategies. The market research will also assist partners comprehend the pulse of the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

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