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Global Carbon Fiber Market 2021
25 May 2021
Carbon fiber is defined as a long thin strand of material which is made up of carbon atoms and has a diameter of about 0.005mm to 0.010mm. Carbon fiber materials are characterized by superior properties such as high stiffness and tensile strength coupled with light weight. The strength profile of carbon fiber is much like that of steel and its weight is close to that of plastic. The strength-to-weight ratio and stiffness-to-weight ratio of carbon fiber is much higher as compared to steel and plastic. The global carbon fiber market in terms of revenue is set to grow by US$ 3 billion during 2021-2027, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period, according to data and analytics company StrategyHelix. Escalating demands for high-performance carbon fiber in aerospace & defense, increase in penetration of carbon fiber components in automotive industry, growing usage of carbon fiber in wind energy industry are expected to boost the market growth in the coming years.
The report provides up-to-date market size data for period 2017-2020 and forecast to 2027 covering key market aspects like sales value for carbon fiber. The global carbon fiber market is segmented on the basis of product, raw material, fiber type, region, and end use. By product, it is categorized into small tow carbon fiber, and large tow carbon fiber. The small tow carbon fiber segment held the largest market share in 2020. However, the large tow carbon fiber segment is expected to witness the highest CAGR during the forecast period. By raw material, the carbon fiber market is divided into PAN, pitch, and others. The PAN segment accounted for the largest market share in 2020. Based on fiber type, the carbon fiber market is divided into virgin carbon fiber, and recycled carbon fiber. Carbon fiber market by region is divided into North America, Asia Pacific, Europe, and Rest of the World (ROW).
The report has profiled some of the key players of the market such as DowAksa Advanced Composites Holdings BV, Formosa Plastics Corporation, Hexcel Corporation, Hyosung Advanced Materials Corporation, Kureha Corporation, Mitsubishi Chemical Corporation, SGL Carbon SE, Solvay S.A., Teijin Limited, Toray Industries Inc..
The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the carbon fiber market to help drive informed decision making for industry executives, policy makers, academic, and analysts.
Product: small tow carbon fiber, and large tow carbon fiber
Raw material: PAN, pitch, and others
Fiber type: virgin carbon fiber, and recycled carbon fiber
End use: industrial, aerospace & defense, wind energy, automotive, sports goods, and others
Region: North America, Asia Pacific, Europe, and Rest of the World (ROW)
Years Considered: this report covers the period 2017 to 2027
Key Benefits for Stakeholders
Get a comprehensive picture of the global carbon fiber market
Identify regional strategies and strategic priorities on the basis of local data and analysis
Pinpoint growth sectors and trends for investment
Understand what the future of the global carbon fiber market looks like
Identify the competitive landscape and window of opportunity
Table of Contents
1. Market Definition
2. Research Methodology
3. Market Data & Outlook
3.1 Market Value
3.2 Market Value Forecast
4. Carbon Fiber Market by Product
4.1 Small Tow Carbon Fiber
4.2 Large Tow Carbon Fiber
5. Carbon Fiber Market by Raw Material
6. Carbon Fiber Market by Fiber Type
6.1 Virgin Carbon Fiber
6.2 Recycled Carbon Fiber
7. Carbon Fiber Market by Region
7.1 North America
7.2 Asia Pacific
7.4 Rest Of The World (Row)
8. Carbon Fiber Market by End Use
8.2 Aerospace & Defense
8.3 Wind Energy
8.5 Sports Goods
9. Company Profiles
9.1 DowAksa Advanced Composites Holdings BV
9.2 Formosa Plastics Corporation
9.3 Hexcel Corporation
9.4 Hyosung Advanced Materials Corporation
9.5 Kureha Corporation
9.6 Mitsubishi Chemical Corporation
9.7 SGL Carbon SE
9.8 Solvay S.A.
9.9 Teijin Limited
9.10 Toray Industries, Inc.
10.1 About StrategyHelix