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At a compound annual growth rate (cagr) of 13.9% from 2023 to 2030, the worldwide carbon fibre market is expected to more than double in size from its 2022 valuation of $6.8 billion to $21.9 billion. Because of its better tensile strength, chemical resistance, temperature tolerance, low weight, and distinctive thermal expansion, carbon fibres are fueling the market's expansion. Due to the fiber's desirable characteristics, demand is likely to rise rapidly, driving expansion of the market. The industry is expected to expand at a rapid clip in the next years thanks to strict environmental rules being enacted in both developed and emerging countries. However, the high price of carbon fibre is a major obstacle to the expansion of the carbon fibre sector. Only high-end automobiles use carbon fibre composites, which includes carbon fibre tapes. Additionally, competing carbon fibre composites pose a significant challenge to the sector's expansion.
Carbon fibre consists of carbon atoms between five and ten micrometres in diameter. Graphite fibre is another name for it. The tensile strength, thermal expansion, thermal tolerance, chemical resistance, and stiffness of these fibres are all superior to those of comparable materials. The carbon-based fibres' qualities make them a top choice for use in industries like aviation, transportation, defence, building, energy generation, and sports. The growth of the carbon fibre market will be fueled by the rising demand for automobiles and the rising requirement for lightweight vehicles. Key variables influencing the market forecast include the requirement for fuel-efficient automobiles and stringent government laws surrounding carbon emissions.
The expansion of the aerospace sector in the Asia-Pacific and European regions is also expected to contribute to the expansion. The aerospace sector as a whole has seen recent expansion thanks to rising demand for commercial aircraft as a result of rising disposable income and globalisation. This pattern is expected to hold true over the anticipated time frame. The product range is expected to grow in response to rising demand for sports and recreational uses, particularly in the Asia-Pacific area. Products made from carbon fibre serve a crucial role in the assembly of vehicles and aircraft. Manufacturers have been encouraged to adopt carbon fibre composite materials in place of metal components due to rising worries about fuel usage and CO2 emission levels. The automobile industry is predicted to drive the demand for carbon fibre due to technological advancements aimed at shortening the manufacturing cycle time.
Most areas of the world's economy have been hampered by the global covid-19 outbreak. As a result of the global epidemic, band, lockdown, and restrictions on travel and movement, the supply chain of most sectors has been significantly disrupted. Changing economic and political conditions have contributed to a slump in the carbon fibre market. Lower carbon fibre ultimatums are the result of many manufacturers being harmed by the decreased production capacity and lower ultimatum for primary sectors. The key end-use industries were hit particularly hard by the epidemic. These include the automobile, pipe and tank, civil engineering, aerospace, and defence sectors. The analysis predicts that carbon fibre will continue to grow as a result of the increasing number of countries enforcing stringent environmental restrictions. The widespread use of these fibres could cause grown perforation in regular automobiles.
The widespread adoption of more sustainable construction materials can be attributed to the widespread implementation of severe environmentally friendly policies in both developed and developing countries. Carbon fibres and similar composites are lightweight and can improve fuel efficiency. As a result, the market for activated carbon fibre in high-end and performance automobiles is booming. The use of carbon fibre in the production of 3D-printed auto parts is widespread in the automotive sector. Carbon fibre makes the filament stronger and stiffer than it would otherwise be. Because fibre helps prevent the part from shrinking as it cools, 3D printed items made from it will be both lighter and more dimensionally stable. These cutting-edge developments in carbon fibre are fueling industry expansion.
Since the price of carbon fibre is now at USD 10 to USD 20/lb, it is exclusively utilised in racing cars and select high-end sports cars. Larger quantities of carbon fibre will be employed in cars if their price drops to roughly $5 to $7 per pound. If the price of carbon fibre composite structural elements can be lowered, their adoption is predicted to skyrocket. American research facility Oak Ridge National Laboratory (ORNL) is pushing forward with efforts to perfect technology for producing inexpensive carbon fibre (LCCF). Carbon fibre of a quality suitable for use in aircraft is now priced between $80 and $120 per pound. The cost per pound varies from $10 to $20 USD depending on whether it will be used for industrial purposes, sporting products, or wind energy. Many promising new uses for carbon fiber-based composites are now not economically viable due to their high price.
Report Coverage
Global Carbon Fiber research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Carbon Fiber report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Carbon Fiber competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Carbon Fiber market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Carbon Fiber market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Carbon Fiber market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Toray Industries, Inc (Japan), Teijin Limited (Japan), SGL Group (Germany), Hexcel Corporation (US), Mitsubishi Chemical Corporation (Japan), HYOSUNG (South Korea), Cytec Industries Inc. (US), DowAksa (US), OJSC «SvetlogorskKhimvolokno» (Belarus), Taekwang Industrial Co., Ltd (South Korea), Nippon Graphite Fiber Co., Ltd. (Japan), Formosa Plastics Corporation (US), Carbon Mods (US), and Kureha Corporation (Japan)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Carbon Fiber market based on the below-mentioned segments:
Global Carbon Fiber Market, By Type
Continuous
Long
Short
Global Carbon Fiber market, By Application
Automotive
Aerospace & Defense
Construction
Pressure Vessels
Global Carbon Fiber Market, By Raw Material
PAN
Pitch
Rayon
Global Carbon Fiber market, Regional Analysis
Carbon fibre consists of carbon atoms between five and ten micrometres in diameter. Graphite fibre is another name for it. The tensile strength, thermal expansion, thermal tolerance, chemical resistance, and stiffness of these fibres are all superior to those of comparable materials. The carbon-based fibres' qualities make them a top choice for use in industries like aviation, transportation, defence, building, energy generation, and sports. The growth of the carbon fibre market will be fueled by the rising demand for automobiles and the rising requirement for lightweight vehicles. Key variables influencing the market forecast include the requirement for fuel-efficient automobiles and stringent government laws surrounding carbon emissions.
The expansion of the aerospace sector in the Asia-Pacific and European regions is also expected to contribute to the expansion. The aerospace sector as a whole has seen recent expansion thanks to rising demand for commercial aircraft as a result of rising disposable income and globalisation. This pattern is expected to hold true over the anticipated time frame. The product range is expected to grow in response to rising demand for sports and recreational uses, particularly in the Asia-Pacific area. Products made from carbon fibre serve a crucial role in the assembly of vehicles and aircraft. Manufacturers have been encouraged to adopt carbon fibre composite materials in place of metal components due to rising worries about fuel usage and CO2 emission levels. The automobile industry is predicted to drive the demand for carbon fibre due to technological advancements aimed at shortening the manufacturing cycle time.
Most areas of the world's economy have been hampered by the global covid-19 outbreak. As a result of the global epidemic, band, lockdown, and restrictions on travel and movement, the supply chain of most sectors has been significantly disrupted. Changing economic and political conditions have contributed to a slump in the carbon fibre market. Lower carbon fibre ultimatums are the result of many manufacturers being harmed by the decreased production capacity and lower ultimatum for primary sectors. The key end-use industries were hit particularly hard by the epidemic. These include the automobile, pipe and tank, civil engineering, aerospace, and defence sectors. The analysis predicts that carbon fibre will continue to grow as a result of the increasing number of countries enforcing stringent environmental restrictions. The widespread use of these fibres could cause grown perforation in regular automobiles.
The widespread adoption of more sustainable construction materials can be attributed to the widespread implementation of severe environmentally friendly policies in both developed and developing countries. Carbon fibres and similar composites are lightweight and can improve fuel efficiency. As a result, the market for activated carbon fibre in high-end and performance automobiles is booming. The use of carbon fibre in the production of 3D-printed auto parts is widespread in the automotive sector. Carbon fibre makes the filament stronger and stiffer than it would otherwise be. Because fibre helps prevent the part from shrinking as it cools, 3D printed items made from it will be both lighter and more dimensionally stable. These cutting-edge developments in carbon fibre are fueling industry expansion.
Since the price of carbon fibre is now at USD 10 to USD 20/lb, it is exclusively utilised in racing cars and select high-end sports cars. Larger quantities of carbon fibre will be employed in cars if their price drops to roughly $5 to $7 per pound. If the price of carbon fibre composite structural elements can be lowered, their adoption is predicted to skyrocket. American research facility Oak Ridge National Laboratory (ORNL) is pushing forward with efforts to perfect technology for producing inexpensive carbon fibre (LCCF). Carbon fibre of a quality suitable for use in aircraft is now priced between $80 and $120 per pound. The cost per pound varies from $10 to $20 USD depending on whether it will be used for industrial purposes, sporting products, or wind energy. Many promising new uses for carbon fiber-based composites are now not economically viable due to their high price.
Report Coverage
Global Carbon Fiber research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Carbon Fiber report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Carbon Fiber competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Carbon Fiber market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Toray Industries, Inc (Japan), Teijin Limited (Japan), SGL Group (Germany), Hexcel Corporation (US), Mitsubishi Chemical Corporation (Japan), HYOSUNG (South Korea), Cytec Industries Inc. (US), DowAksa (US), OJSC «SvetlogorskKhimvolokno» (Belarus), Taekwang Industrial Co., Ltd (South Korea), Nippon Graphite Fiber Co., Ltd. (Japan), Formosa Plastics Corporation (US), Carbon Mods (US), and Kureha Corporation (Japan) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Carbon Fiber Market from 2021 to 2030.
- Market Forecast for Carbon Fiber Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Carbon Fiber competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Carbon Fiber
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Carbon Fiber market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Carbon Fiber market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Toray Industries, Inc (Japan), Teijin Limited (Japan), SGL Group (Germany), Hexcel Corporation (US), Mitsubishi Chemical Corporation (Japan), HYOSUNG (South Korea), Cytec Industries Inc. (US), DowAksa (US), OJSC «SvetlogorskKhimvolokno» (Belarus), Taekwang Industrial Co., Ltd (South Korea), Nippon Graphite Fiber Co., Ltd. (Japan), Formosa Plastics Corporation (US), Carbon Mods (US), and Kureha Corporation (Japan)
Primary Target Market
- Market Players of Carbon Fiber
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Carbon Fiber market based on the below-mentioned segments:
Global Carbon Fiber Market, By Type
Continuous
Long
Short
Global Carbon Fiber market, By Application
Automotive
Aerospace & Defense
Construction
Pressure Vessels
Global Carbon Fiber Market, By Raw Material
PAN
Pitch
Rayon
Global Carbon Fiber market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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