Carbon Fibers Industry- Market Demands and opportunities, Analysis by top key players, global trends and growth, Forecast 2019 – 2026
Carbon fibers are fibers about 5–10 micrometers in diameter and composed mostly of carbon atoms. They have several advantages including High stiffness, high tensile strength, low weight, high chemical resistance, high temperature tolerance and low thermal expansion. They are very popular in aerospace, civil engineering, military, and motorsports, along with other competition sports. However, they are relatively expensive when compared with similar fibers, such as glass fibers or plastic fibers.
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The global carbon fiber market was valued at USD XX million in 2019 and is expected to grow at a CAGR of XX% between 2019 and 2026. Rapidly growing wind energy industry is one of the major factor which is expected to drive the demand of carbon fiber during the forecast period. On contrary, high cost of carbon fiber can restrain the market.
The global carbon fiber market is segmented on the basis of raw material into pan-based carbon fiber, pitch-based carbon fiber, rayon-based carbon fiber, and others. On the basis of end use industry, the market is segmented into automotive, wind energy, aerospace & defense, sporting goods, electrical & electronics, and others. The market is segmented on the basis of region into North America, Europe, Asia Pacific, Middle East & Africa and South America.
The global carbon fiber market is segmented on the basis of raw material, end use industry and region, with focus on manufacturers in North America, Europe, Asia Pacific, Middle East & Africa and South America.
On the basis of raw material, the market is split into:
* Pan-Based Carbon Fiber
* Pitch-Based Carbon Fiber
* Rayon-Based Carbon Fiber
* Others
On the basis of end use industry, the market is split into:
* Automotive
* Wind Energy
* Aerospace & Defense
* Sporting Goods
* Electrical & Electronics
* Others
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Key players profiled in the report includes:
1. Toray Industries Inc.
2. Teijin Limited
3. SGL Group
4. Mitsubishi Rayon Co., Ltd.
5. Hexcel Corporation
6. Formosa Plastics Corporation
7. Solvay
Moreover, the market is classified based on regions and countries as follows:
* North America- U.S., Canada, Mexico
* Europe- Germany, France, UK, Spain, Italy
* Asia-Pacific- China, Japan, India, South Korea
* South America- Brazil, Argentina
* Middle East & Africa- Saudi Arabia, UAE, South Africa
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These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements & partnerships to expand their operations across the globe.
Key Benefits of the Report:
* Global, and regional, raw material & end use industry market size and their forecast from 2019-2026
* Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing the growth of the market
* Detailed analysis on industry outlook with market specific PEST analysis, and Supply Chain to better understand the market and build expansion strategies
* Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
* Analysis on key player’s strategic initiatives and competitive developments, such as agreements & joint ventures, mergers & acquisitions, expansion, and new product launches in the market
* Expert interviews and their insights on market trends, market shift, current and future outlook, and factors impacting vendors’ short term & long term strategies
* Detailed insights on emerging regions, raw material and end use industry with qualitative and quantitative information and facts
Target Audience:
* Carbon Fiber Equipment & Technology Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Industry Bodies
Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data Chemical, referring to verified data sources, such as, white papers, government & regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, application trends & dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.
TABLE OF CONTENT
1. Executive Summary
2. Introduction
3. Research Methodology
4. Global Carbon Fiber Market Overview
5. Global Carbon Fiber Market by Raw Material
6. Global Carbon Fiber Market by End Use Industry
7. Global Carbon Fiber Market by Region
8. North America Carbon Fiber Market
9. Europe Carbon Fiber Market
10. Asia Pacific Carbon Fiber Market
11. South America Carbon Fiber Market
12. Middle East & Africa Carbon Fiber Market
13. Competitive Landscape
14. Company Profiles
15. Carbon Fiber Manufacturing Cost Analysis
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