According to the research report, the global carbon fiber market size is expected to touch USD 5.83 Billion by 2032, from USD 2.99 Billion in 2022, growing with a significant CAGR of 6.9% from 2023 to 2032.
The carbon fiber report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global carbon fiber in conjunction with the geographical landscape of this vertical have also been included in this report.
The report offers intricate dynamics about different aspects of the global carbon fiber market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global carbon fiber during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).
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Report Scope of the Carbon Fiber Market:
| Report Coverage | Details |
| Market Size in 2023 | USD 3.2 Billion |
| Market Size by 2032 | USD 5.83 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 6.9% |
| Largest Market | Europe |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Raw Material, By Tow Size, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
This study covers a detailed segmentation of the global carbon fiber market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global carbon fiber market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.
Key Players
- Toray Industries Inc. (Japan)
- SGL Group (Germany)
- Hexcel Corporation (U.S.)
- Mitsubishi Rayon Co. Ltd. (Japan)
- Teijin Limited (Japan)
- Plastics Corporation (Taiwan)
- Solvay (Belgium)
- Jiangsu Hengshen Co. Ltd. (China)
- Hyosung (South Korea)
- BASF SE
- SGL Group
- Teijin Limited
- Mitsubishi Rayon Co., Ltd.
- Hexcel Corporation
Market Segmentation
By Raw Material
- PAN Based
- Pitch Based
By Tow Size
- Small Tow
- Large Tow
By Application
- Automotive
- Aerospace & Defense
- Wind Turbines
- Sports equipment
- Molding & Compounding
- Construction
- pressure vessels
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
Research Methodology
The research methodology adopted by analysts for compiling the global carbon fiber report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global carbon fiber market.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Carbon Fiber Market
5.1. COVID-19 Landscape: Carbon Fiber Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Carbon Fiber Market, By Raw Material
8.1. Carbon Fiber Market Revenue and Volume, by Raw Material, 2023-2032
8.1.1 PAN Based
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Pitch Based
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Carbon Fiber Market, By Tow Size
9.1. Carbon Fiber Market Revenue and Volume, by Tow Size, 2023-2032
9.1.1. Small Tow
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Large Tow
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Carbon Fiber Market, By Application
10.1. Carbon Fiber Market Revenue and Volume, by Application, 2023-2032
10.1.1. Automotive
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Aerospace & Defense
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Wind Turbines
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
10.1.4. Sports equipment
10.1.4.1. Market Revenue and Volume Forecast (2020-2032)
10.1.5. Molding & Compounding
10.1.5.1. Market Revenue and Volume Forecast (2020-2032)
10.1.6. Construction
10.1.6.1. Market Revenue and Volume Forecast (2020-2032)
10.1.7. pressure vessels
10.1.7.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Carbon Fiber Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Raw Material (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Tow Size (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
Chapter 12. Company Profiles
12.1. Toray Industries Inc. (Japan)
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. SGL Group (Germany)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Hexcel Corporation (U.S.)
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Mitsubishi Rayon Co. Ltd. (Japan)
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Teijin Limited (Japan)
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Plastics Corporation (Taiwan)
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Solvay (Belgium)
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Jiangsu Hengshen Co. Ltd. (China)
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Hyosung (South Korea),
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. BASF SE
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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