Carbon Fiber Market: 2023 Valuation and Forecasted 8.8% CAGR Growth Through 2030
Carbon Fiber Market Scope & Research Methodology
The newly released "Carbon Fiber Market" report by Maximize Market Research provides a comprehensive analysis of market trends, growth drivers, and competitive dynamics. Maximize Market Research, an international consulting firm, specializes in providing actionable insights to medium and large enterprises worldwide, including a strong client base in the capital goods and automotive sectors across over 34 countries.
The report highlights the Asia-Pacific (APAC) region as a significant growth opportunity for the Carbon Fiber market and its component manufacturers over the next decade. It also examines the market's resilience post-COVID-19, noting a positive trajectory even amidst global economic challenges.
Dynamics of the Carbon Fiber Market
The demand forecast for carbon fiber is more positive than earlier estimates, including the MMR report's most aggressive estimate. By 2024–2030, the total demand is projected to reach 1,60,300 tons and 2,25,300 tons, respectively. The market for carbon fiber is expected to be driven by the combined demand for carbon fiber, which is expected to be roughly 20% driven by the automotive and pressure vessel industries. For the majority of its history, the carbon fiber sector has been primarily driven by aerospace projects. The US Department of Defense and the National Aeronautics and Space Administration were among the first organizations to use carbon fiber in structural applications for aircraft, as their remarkable mechanical qualities made the material valuable enough for them to use carbon fiber composites extensively.
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Carbon Fiber Market Segmentation
by Raw Material Type
PAN–based carbon fiber
Pitch–based carbon fiber
Rayon–based carbon fiber
by Application
Composite
Non-Composite
by End-User
Aerospace & defense
Automotive
Wind Energy
Electrical & electronics
Civil Engineering
Marine
Carbon Fiber Market Key Players
1. Toray Industries Inc. (Japan)
2. SGL Group (Germany)
3. Hexcel Corporation (U.S.)
4. Mitsubishi Rayon Co. Ltd. (Japan)
5. Teijin Limited (Japan)
6. Plastics Corporation (Taiwan)
7. Solvay (Belgium)
8. Jiangsu Hengshen Co. Ltd. (China)
9. Hyosung (South Korea),
10. DowAksa (Turkey).
11. BASF SE
12. SGL Group
13. Teijin Limited
14. Mitsubishi Rayon Co., Ltd.
15. Hexcel Corporation
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Table of Contents for the Carbon Fiber Market
- Overview of Function as a Service Companies
- Global Companies Status and Forecast by Regions
- Global Companies Status and Forecast by Types
- Key Drivers Analysis
- Competition Analysis by Major Companies
- Introduction to Key Companies and Data
- Upstream and Downstream Analysis
- Cost and Gross Margin Review
- Companies Status Analysis
- Report Conclusion
- Research Methodology and References
The Carbon Fiber Market Report provides answers to the following key questions:
- Who are the major competitors in this market?
- What is the forecasted CAGR for the Carbon Fiber market?
- What emerging trends are expected in the Carbon Fiber market?
- What growth opportunities exist for Carbon Fiber market players?
- How is the competitive environment structured in this market?
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Regional Analysis
The Carbon Fiber Market Report includes an in-depth regional analysis, covering North America, Latin America, Europe, Asia-Pacific (APAC), the Middle East, and Africa. It examines market drivers, challenges, and growth potential in each region and profiles key regional players.
- North America: Canada, Mexico, United States
- Asia Pacific, which includes Bangladesh, Pakistan, Indonesia, Malaysia, Vietnam, Taiwan, China, South Korea, Japan, India, Australia, and the rest of the region
- Africa and the Middle East (South Africa, GCC, Egypt, Nigeria, and the Rest)
About Maximize Companies Research
Maximize Market Research is a global consulting firm with expertise in sectors such as medical devices, pharmaceuticals, electronics, technology, automotive, chemicals, and consumer goods. The company offers in-depth market analysis, trend forecasting, strategic insights, competitive landscape assessment, and customer impact studies, among other key research services.
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