Market Definition: Global Carbon Fiber Market
Carbon fibre is a black, smooth, and light-weighted textile fibers, it is specially used due to its lightness and strength at high temperature for reinforcing resins, ceramics, and metals, mainly in turbine blades and for fishing rods. It has its wide application in Aerospace & Defense, Wind Energy, Automotive, and others. Increase in demand for fuel-efficient vehicles may act as the major driver in the growth of carbon fiber market. On the other side, insufficient production capacity may hamper the market.
Major Market Drivers:
- Increase in the use of carbon fiber and carbon fiber reinforced plastics in boeing and airbus aircraft
- Increase in demand for fuel-efficient vehicles
- Focus on production of electricity from renewable sources
- High cost of carbon fiber composites
- Insufficient production capacity
Market Segmentation: Global Carbon Fiber Market
The global carbon fiber market is segmented on the basis of material type into polyacrylonitrile (Pan-Based) carbon fibers, pitch-based carbon fiber, and rayon-based carbon fiber. The polyacrylonitrile (Pan-Based) carbon fibers segment is sub segmented into pan-based carbon fiber. The pan-based carbon fiber segment is sub segmented into small-tow (<24k), and large-tow (>24k).
On the basis of manufacturing process, the global carbon fiber market is segmented into lay-up process, compression molding process, resin transfer molding process, filament winding process, injection molding process, pultrusion process, and others.
On the basis of resin type, the global carbon fiber market is segmented into thermosetting CFRP, and thermoplastic CFRP. The thermosetting CFRP segment is sub segmented into epoxy, polyester, vinyl ester, and others. The thermoplastic CFRP segment is sub segmented into polypropylene, polyethylene, polyethylene terephthalate, and others.
On the basis of end-use industry, the global carbon fiber market is segmented into aerospace & defense, wind energy, automotive, sporting goods, civil engineering, pipe & tank, marine, electrical & electronics, medical, and other applications. The aerospace & defense segment is further sub segmented into interior parts, and exterior parts. The wind energy segment is sub segmented into wind blades. The Automotive segment is sub segmented into interior parts, and exterior parts.
On the basis of geography, the global carbon fiber market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Carbon Fiber Market
The global Carbon fiber market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Carbon Fiber Market
Some of the major players in global carbon fiber market includeTORAY INDUSTRIES, INC., TEIJIN LIMITED, Mitsubishi Chemical Holdings Corporation, SGL Group, Formosa Plastics Corporation, Hexcel Corporation, DSK Hyosung Pvt. Ltd., Koninklijke Ten Cate bv., DowAksa, Cytec Solvay Group, TAEKWANG INDUSTRIAL CO.,LTD., Gurit, Plasan Carbon Composites, SK chemicals, Nippon Graphite Fiber Co., Ltd., kemrock, Park Electrochemical Corp, BGF Industries, Inc., Oyster Technology, Crosby Composites, DSM, Aeron Composite Pvt. Ltd., ZhongAo Carbon, Sigmatex Ltd, Holding company "Composite, and others.
Research Methodology: Global Carbon Fiber Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.