Market Research Report
Global Carbon Fiber Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||920412|
Delivery time: 2-3 business days
|Global Carbon Fiber Market 2019-2025|
|Published: December 12, 2019||Content info:||
The global carbon fiber market is expected to grow substantially over the forecast period. Factors such as superior properties of carbon fibers and their composites along with the increased demand for advanced lightweight from aerospace and defense and automotive industry are driving the global carbon fiber market. The report analyzes the global carbon fiber market on the basis of raw material, fiber type, industry verticals, and geography. On the basis of raw material, the market is bifurcated into PAN and petroleum pitch & rayon. Based on the fiber type, the market is divided into virgin carbon fiber and recycled carbon fiber. Based on the industry verticals, the market is classified into aerospace & defense, automotive, construction infrastructure, and others. The aerospace & defense industry vertical is expected to be the dominating segment in the global carbon fiber market in 2018 and is expected to follow the same trend over the forecast period. The growth of the region is backed by the strong demand for innovative light material that offers high strength and possesses better mechanical properties as compared to conventional materials.
Geographically, the market is analyzed into North America, Europe, Asia-Pacific, and the Rest of the World. Europe is expected to contribute a significant share in the global carbon fiber market. This is due to the strong presence of carbon fiber manufacturers such as SGL Carbon SE coupled with the well-established aerospace & defense industry and automotive industry. While Asia-Pacific is expected to register the fastest growth rate in the global carbon fiber market over the forecast period. The growth of the region is attributed to the huge demand for light innovative material such as carbon fiber in expanding industry verticals such as aerospace & defense, automotive, construction infrastructure, and sporting goods.
Furthermore, the global carbon fiber market is characterized by the presence of several players including Kureha Corp., Nippon Carbon Co. Ltd., Solvay SA, SGL Carbon SE, Toray Industries Inc., Hexcel Corp., and others. These players adopt various strategies to capitalize on market growth opportunities. Mergers and acquisitions, product launch, geographical expansion, and partnerships and collaborations are the majorly adopted strategies by the market players. For instance, in February 2018, the company added "Advanced Modulus" 50k carbon fiber SIGRAFIL C T50-4.8 / 280 in its carbon fiber and composites family. The product is intended to mainly serve aviation applications. This enabled the company to offer attractive material solutions for various component classes to the customers in the aerospace industry.
The market study of the global carbon fiber market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
The report is intended for carbon fiber manufacturers, raw material suppliers, traders, distributors, reseller, potential investors, research organizations, aerospace & defense companies, automotive companies, market research firms, government organizations, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
The Report covers: