Carbon Fiber Composites Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis global carbon fiber composites market, offering insights into key market dynamics, growth drivers, challenges, and emerging trends. This report provides exclusive data and statistics forecasting the market's trajectory from 2023 to 2030.

The global carbon fiber composites market is forecast to expand at a CAGR of 6.8% and thereby increase from a value of US$21. 2 Bn in 2023, to US$33.6 Bn by the end of 2030.

Key Insights:

Carbon Fiber Composites Market Size (2023E): US$21.2 Billion

Projected Market Value (2030F): US$33.6 Billion

Global Market Growth Rate (CAGR 2023 to 2030): 6.8%

Historical Market Growth Rate (CAGR 2018 to 2022): 5.2%

Carbon Fiber Composites Market- Report Scope:

Carbon fiber composites, known for their lightweight strength, find essential applications in industries like aerospace, automotive, and sports equipment. With the aerospace sector's need for fuel-efficient materials and the automotive industry's demand for emission-compliant solutions, the market is expanding. Additionally, their use in wind turbine blades for renewable energy contributes to growth. Technological advancements and sustainability concerns ensure continuous demand for these composites.

Market Growth Drivers:

The aerospace industry's demand for lightweight, high-strength materials drives the popularity of carbon fiber composites. These composites revolutionize aircraft design by offering a remarkable strength-to-weight ratio, crucial for reducing aircraft weight without compromising structural integrity. Carbon fiber composites enhance fuel efficiency, reduce carbon emissions, and reinforce safety standards in aircraft manufacturing. With their lightweight properties and structural resilience, they play a vital role in crafting various aircraft components, including wings, fuselage sections, and interior elements.

Market Restraints:

The global carbon fiber composites market faces challenges related to the prices of primary materials, particularly polyacrylonitrile (PAN), a key precursor in production. Fluctuations in PAN prices significantly impact production costs, posing dilemmas for manufacturers and the overall market. Additionally, complex regulatory compliance adds further hurdles. With governments intensifying efforts to address environmental concerns and enforce stringent standards, manufacturers navigate a dynamic regulatory landscape. Adhering to regulations on waste disposal, material safety, and emissions requires continual adjustment to evolving benchmarks.

Market Opportunities:

Carbon fiber composites play a pivotal role in the booming electric vehicle (EV) sector, offering lightweight solutions to enhance range and energy efficiency. As the demand for EVs grows due to environmental concerns and technological advancements, carbon fiber composites present manufacturers with significant opportunities for expansion. Their adaptability in design allows for improved performance of EV components, further fueling their adoption in the automotive industry.

Key Questions Answered in the Report:

What is the Current Market Size of Carbon Fiber Composites Globally?
What is the Projected CAGR for the Global Carbon Fiber Composites Market During 2023 - 2030?
Who are the Biggest Companies in the Carbon Fiber Composites Market?
Which is the Dominant Market Segment by Application?
Which is the Leading Country in the Carbon Fiber Composites Market?

Competitive Intelligence and Business Strategy:

Prominent players in the carbon fiber composites industry, such as Teijin Limited, Toray Industries Inc., and Hexcel Corporation, maintain market dominance through robust strategies. They prioritize research and innovation, with Toray Industries investing heavily in developing high-performance composites. Strategic alliances further enhance their capabilities, with partnerships spanning the supply chain and research institutions. By aligning with market dynamics, these companies reinforce their positions and drive industry growth.

Key Companies Profiled:
Toray+Zoltek
SGL Carbon
Toho
MRC
Hexcel Corporation
Rock West Composites
Hengshen

Mitsubishi Chemical Fiber Corporation

Teijin Limited
Solvay

Carbon Fiber Composites Market Research Segmentation:

By Matrix Material:
Polymer Matrix
Thermosetting
Thermoplastics
Carbon Matrix
Ceramics Matrix
Metal Matrix
Hybrid Matrix
By Application:
Aerospace
Automotive
Wind Turbines
Sports & Leisure
Civil Engineering
Marine Applications
Other Applications
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33623

1. Executive Summary

1.1. Global Carbon Fiber Composites Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Matrix Material Lifecycle Analysis
2.4. Carbon Fiber Composites Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applcations
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Carbon Fiber Composites Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Carbon Fiber Composites Market Outlook: Matrix Material
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Matrix Material, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Matrix Material, 2023 - 2030
  - 3.3.3.1. Polymer Matrix
    - 3.3.3.1.1. Thermosetting
    - 3.3.3.1.2. Thermoplastics
  - 3.3.3.2. Carbon Matrix
  - 3.3.3.3. Ceramics Matrix
  - 3.3.3.4. Metal Matrix
  - 3.3.3.5. Hybrid Matrix
3.4. Market Attractiveness Analysis: Matrix Material
3.5. Global Carbon Fiber Composites Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.5.3.1. Aerospace
  - 3.5.3.2. Automotive
  - 3.5.3.3. Wind Turbines
  - 3.5.3.4. Sports & Leisure
  - 3.5.3.5. Civil Engineering
  - 3.5.3.6. Marine Applications
  - 3.5.3.7. Other Applications
3.6. Market Attractiveness Analysis: Application

4. Global Carbon Fiber Composites Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Carbon Fiber Composites Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Matrix Material
- 5.3.3. By Application
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Matrix Material, 2023 - 2030
- 5.5.1. Polymer Matrix
  - 5.5.1.1. Thermosetting
  - 5.5.1.2. Thermoplastics
- 5.5.2. Carbon Matrix
- 5.5.3. Ceramics Matrix
- 5.5.4. Metal Matrix
- 5.5.5. Hybrid Matrix
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.6.1. Aerospace
- 5.6.2. Automotive
- 5.6.3. Wind Turbines
- 5.6.4. Sports & Leisure
- 5.6.5. Civil Engineering
- 5.6.6. Marine Applications
- 5.6.7. Other End Uses
5.7. Market Attractiveness Analysis

6. Europe Carbon Fiber Composites Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Matrix Material
- 6.3.3. By Application
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. T rkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Matrix Material, 2023 - 2030
- 6.5.1. Polymer Matrix
  - 6.5.1.1. Thermosetting
  - 6.5.1.2. Thermoplastics
- 6.5.2. Carbon Matrix
- 6.5.3. Ceramics Matrix
- 6.5.4. Metal Matrix
- 6.5.5. Hybrid Matrix
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.6.1. Aerospace
- 6.6.2. Automotive
- 6.6.3. Wind Turbines
- 6.6.4. Sports & Leisure
- 6.6.5. Civil Engineering
- 6.6.6. Marine Applications
- 6.6.7. Other End Uses
6.7. Market Attractiveness Analysis

7. East Asia Carbon Fiber Composites Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Matrix Material
- 7.3.3. By Application
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Matrix Material, 2023 - 2030
- 7.5.1. Polymer Matrix
  - 7.5.1.1. Thermosetting
  - 7.5.1.2. Thermoplastics
- 7.5.2. Carbon Matrix
- 7.5.3. Ceramics Matrix
- 7.5.4. Metal Matrix
- 7.5.5. Hybrid Matrix
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.6.1. Aerospace
- 7.6.2. Automotive
- 7.6.3. Wind Turbines
- 7.6.4. Sports & Leisure
- 7.6.5. Civil Engineering
- 7.6.6. Marine Applications
- 7.6.7. Other End Uses
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Carbon Fiber Composites Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Matrix Material
- 8.3.3. By Application
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Matrix Material, 2023 - 2030
- 8.5.1. Polymer Matrix
  - 8.5.1.1. Thermosetting
  - 8.5.1.2. Thermoplastics
- 8.5.2. Carbon Matrix
- 8.5.3. Ceramics Matrix
- 8.5.4. Metal Matrix
- 8.5.5. Hybrid Matrix
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.6.1. Aerospace
- 8.6.2. Automotive
- 8.6.3. Wind Turbines
- 8.6.4. Sports & Leisure
- 8.6.5. Civil Engineering
- 8.6.6. Marine Applications
- 8.6.7. Other End Uses
8.7. Market Attractiveness Analysis

9. Latin America Carbon Fiber Composites Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Matrix Material
- 9.3.3. By Application
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Matrix Material, 2023 - 2030
- 9.5.1. Polymer Matrix
  - 9.5.1.1. Thermosetting
  - 9.5.1.2. Thermoplastics
- 9.5.2. Carbon Matrix
- 9.5.3. Ceramics Matrix
- 9.5.4. Metal Matrix
- 9.5.5. Hybrid Matrix
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.6.1. Aerospace
- 9.6.2. Automotive
- 9.6.3. Wind Turbines
- 9.6.4. Sports & Leisure
- 9.6.5. Civil Engineering
- 9.6.6. Marine Applications
- 9.6.7. Other End Uses
9.7. Market Attractiveness Analysis

10. Middle East & Africa Carbon Fiber Composites Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Matrix Material
- 10.3.3. By Application
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Matrix Material, 2023 - 2030
- 10.5.1. Polymer Matrix
  - 10.5.1.1. Thermosetting
  - 10.5.1.2. Thermoplastics
- 10.5.2. Carbon Matrix
- 10.5.3. Ceramics Matrix
- 10.5.4. Metal Matrix
- 10.5.5. Hybrid Matrix
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.6.1. Aerospace
- 10.6.2. Automotive
- 10.6.3. Wind Turbines
- 10.6.4. Sports & Leisure
- 10.6.5. Civil Engineering
- 10.6.6. Marine Applications
- 10.6.7. Other End Uses
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Analog IC
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Toray+Zoltek
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. SGL Carbon
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Toho
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. MRC
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Hexcel Corporation
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Rock West Composites
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Hengshen
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Mitsubishi Chemical Fiber Corporation
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Teijin Limited
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Solvay
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations