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1007397

North America Carbon Fiber Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Raw Material (PAN, Pitch), End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, and Others)

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North America Carbon Fiber Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Raw Material (PAN, Pitch), End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, and Others)
Published: May 4, 2021
The Insight Partners
Content info: 99 Pages
Delivery time: 1-2 business days
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Description

The North America carbon fiber market is expected to grow from US$ 907.32 million in 2019 to US$ 2,058.44 million by 2027; it is estimated to grow at a CAGR of 10.9% from 2020 to 2027. The increasing usage of carbon fiber in the wind energy industry is bolstering the growth of the market in North America. Growing demand for renewable resources has led to a surge in the installation for wind farms, with large tracts of land and coastal areas devoted to the operation of wind turbines. The wind turbine manufacturers strive to produce more efficient and longer blades. Advanced composite materials such as carbon fiber are becoming a major part of the construction of wind turbines, specifically the blades. According to the studies conducted by companies operating in the market, longer the blades on a turbine, more is the energy it generates. Carbon fibers plays a crucial role in the wind energy industry. Large blades are typically designed for stiffness and deflection, rather than taking material strength into consideration. Carbon fibers, if used in the turbines, enable high stiffness characteristic that reduces blade deflection, allowing a larger tower diameter for a given blade-to-tower clearance. Carbon fibers are added in the spar cap, which is the backbone of the blade. These fibers are also considered as an effective alternative to the glass fibers used in the wind turbines, as they make the blades thinner, stiffer, and lighter. Furthermore, they have relatively low damage tolerance, compressive strength, and ultimate strain. Thus, carbon fiber has come up as an impactful technology for turbine manufacturers such as Vestas Wind Systems A/S and Gamesa Technology Corp. These companies use carbon fiber in select structural parts of the blades. Lighter blades require less robust turbine and tower components, and hence, the cascading cost savings justify the additional cost of carbon. The rising demands from the automotive and aerospace applications are among the other factors expected to positively influence the demand for carbon fiber in North America during the forecast period

The US reported the highest number of COVID-19 confirmed cases than Canada and Mexico. Amid the pandemic, restrictions on supply and distribution chain are hindering the consumer goods industry in North America.

The North America carbon fiber market is segmented on the basis of raw material, end use industry, and country. Based on raw material, the market is bifurcated into PAN and Pitch. In 2019, the PAN segment held a larger market share. Based on end user indsutry, the North America carbon fiber market is segmented into automotive, aerospace and defense, construction, sporting goods, wind energy, and others. The market for the aerospace and defense segment is expected to grow fastest during the forecast period.

The overall North America carbon fiber market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the North America carbon fiber market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America carbon fiber market. DowAksa; Formosa Plastic Corporation; Hexcel Corporation; Hyosung Corporation; Kureha Corporation; Mitsubishi Chemical Corporation; SGL Carbon; Solvay; Teijin Limited; and Toray Industries, Inc are among the leading companies operating in the market.

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To understand the North America Carbon Fiber Market landscape and identify market segments that are most likely to guarantee a strong return

Stay ahead of the race by comprehending the ever-changing competitive landscape for North America Carbon Fiber Market

Efficiently plan North America and partnership deals in North America Carbon Fiber Market by identifying market segments with the most promising probable sales

Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America Carbon Fiber Market

Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

Table of Contents
Product Code: TIPRE00007922

Table Of Contents

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 North America Carbon Fiber Market, by Raw Material
    • 1.3.2 North America Carbon Fiber Market, by End Use Industry
    • 1.3.3 North America Carbon Fiber Market, by Country

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. North America Carbon Fiber Market Landscape

  • 4.1 Market Overview
  • 4.2 PEST Analysis
    • 4.2.1 PEST Analysis: North American Carbon Fiber Market
  • 4.3 Expert Opinions

5. North America Carbon Fiber Market - Key Industry Dynamics

  • 5.1 Key Market Drivers
    • 5.1.1 Rising demands from automotive and aerospace applications
    • 5.1.2 Increasing usage of carbon fiber in wind energy industry
  • 5.2 Key Market Restraints
    • 5.2.1 High costs and other disadvantages associated with carbon fibers
  • 5.3 Key Market Opportunities
    • 5.3.1 Increasing usage of carbon fiber in the sporting goods industry
  • 5.4 Key Future Trends
    • 5.4.1 Increasing use of carbon in 3D printing
  • 5.5 Impact Analysis

6. Carbon Fiber- North America Market Analysis

  • 6.1 North America Carbon Fiber Market Overview
  • 6.2 North America Carbon Fiber Market Forecast And Analysis

7. North America Carbon Fiber Market Analysis - by Raw Material

  • 7.1 Overview
  • 7.2 North America Carbon Fiber Market Breakdown, By Raw Material, 2019 & 2027
  • 7.3 Polyacrylonitrile (PAN)
    • 7.3.1 Overview
    • 7.3.2 North America PAN Market Revenue Forecasts to 2027 (US$ Mn)
  • 7.4 Pitch
    • 7.4.1 Overview
    • 7.4.2 North America Pitch Market Revenue Forecasts to 2027 (US$ Mn)

8. North America Carbon Fiber Market Analysis - By End-Use Industry

  • 8.1 Overview
  • 8.2 North America Carbon Fiber Market Breakdown, By End-Use Industry, 2019 & 2027
  • 8.3 Automotive
    • 8.3.1 Overview
    • 8.3.2 North America Automotive Market Revenue and Forecasts to 2027 (US$ MN)
  • 8.4 Aerospace and Defense
    • 8.4.1 Overview
    • 8.4.2 North America Aerospace and Defense Revenue And Forecasts to 2027 (US$ MN)
  • 8.5 Construction
    • 8.5.1 Overview
    • 8.5.2 North America Construction Revenue and Forecasts to 2027 (US$ MN)
  • 8.6 Sporting Goods
    • 8.6.1 Overview
    • 8.6.2 North America Sporting Goods Revenue and Forecasts to 2027 (US$ MN)
  • 8.7 Wind Energy
    • 8.7.1 Overview
    • 8.7.2 North America Wind Energy Revenue and Forecasts to 2027 (US$ MN)
  • 8.8 Others
    • 8.8.1 Overview
    • 8.8.2 North America Others Revenue and Forecasts to 2027 (US$ MN)

9. Country Analysis Of Carbon Fiber Market

  • 9.1 North America Carbon Fiber Market Revenue And Forecasts To 2027
    • 9.1.1 North American Carbon Fiber Market Revenue and Forecasts to 2027 (US$ Mn)
    • 9.1.2 North America Carbon Fiber Market Breakdown by Raw Material
    • 9.1.3 North American Carbon Fiber Market Breakdown by End Use Industry
    • 9.1.4 North American Carbon Fiber Market Breakdown, by Key Country
      • 9.1.4.1 US Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
        • 9.1.4.1.1 US Carbon Fiber Market Breakdown by Raw Material
        • 9.1.4.1.2 US Carbon Fiber Market Breakdown by End Use Industry
      • 9.1.4.2 Canada Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
        • 9.1.4.2.1 Canada Carbon Fiber Market Breakdown by Raw Material
        • 9.1.4.2.2 Canada Carbon Fiber Market Breakdown by End Use Industry
      • 9.1.4.3 Mexico Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
        • 9.1.4.3.1 Mexico Carbon Fiber Market Breakdown by Raw Material
        • 9.1.4.3.2 Mexico Carbon Fiber Market Breakdown by End Use Industry

10. Overview- Impact of COVID-19

  • 10.1 North America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

  • 11.1 Merger & Acquisition
  • 11.2 Product news
  • 11.3 Investment Scenario

12. Company Profiles

  • 12.1 DowAksa
    • 12.1.1 Key Facts
    • 12.1.2 Business Description
    • 12.1.3 Products and Services
    • 12.1.4 Financial Overview
    • 12.1.5 SWOT Analysis
    • 12.1.6 Key Developments
  • 12.2 Formosa Plastics Corporation
    • 12.2.1 Key Facts
    • 12.2.2 Business Description
    • 12.2.3 Products and Services
    • 12.2.4 Financial Overview
    • 12.2.5 SWOT Analysis
    • 12.2.6 Key Developments
  • 12.3 Hexcel Corporation
    • 12.3.1 Key Facts
    • 12.3.2 Business Description
    • 12.3.3 Products and Services
    • 12.3.4 Financial Overview
    • 12.3.5 SWOT Analysis
    • 12.3.6 Key Developments
  • 12.4 Hyosung Corporation
    • 12.4.1 Key Facts
    • 12.4.2 Business Description
    • 12.4.3 Products and Services
    • 12.4.4 Financial Overview
    • 12.4.5 SWOT Analysis
    • 12.4.6 Key Developments
  • 12.5 Kureha Corporation
    • 12.5.1 Key Facts
    • 12.5.2 Business Description
    • 12.5.3 Products and Services
    • 12.5.4 Financial Overview
    • 12.5.5 SWOT Analysis
  • 12.6 Mitsubishi Chemical Corporation
    • 12.6.1 Key Facts
    • 12.6.2 Business Description
    • 12.6.3 Products and Services
    • 12.6.4 Financial Overview
    • 12.6.5 SWOT Analysis
    • 12.6.6 Key Developments
  • 12.7 SGL Carbon
    • 12.7.1 Key Facts
    • 12.7.2 Business Description
    • 12.7.3 Products and Services
    • 12.7.4 Financial Overview
    • 12.7.5 SWOT Analysis
    • 12.7.6 Key Developments
  • 12.8 Solvay
    • 12.8.1 Key Facts
    • 12.8.2 Business Description
    • 12.8.3 Financial Overview
    • 12.8.4 SWOT Analysis
    • 12.8.5 Key Developments
  • 12.9 Teijin Limited
    • 12.9.1 Key Facts
    • 12.9.2 Business Description
    • 12.9.3 Products and Services
    • 12.9.4 Financial Overview
    • 12.9.5 SWOT Analysis
    • 12.9.6 Key Developments
  • 12.10 Toray Industries, Inc.
    • 12.10.1 Key Facts
    • 12.10.2 Business Description
    • 12.10.3 Products and Services
    • 12.10.4 Financial Overview
    • 12.10.5 SWOT Analysis
    • 12.10.6 Key Developments

13. Appendix

  • 13.1 About The Insight Partners
  • 13.2 Glossary

List Of Tables

  • Table 1. North America Carbon fiber Market Revenue And Forecasts To 2027 (US$ Mn)
  • Table 2. North America Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
  • Table 3. North America Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
  • Table 4. U.S. Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
  • Table 5. US Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
  • Table 6. Canada Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
  • Table 7. Canada Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
  • Table 8. Mexico Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
  • Table 9. Mexico Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
  • Table 10. Glossary of terms, Carbon Fiber Market

List Of Figures

  • Figure 1. North America Carbon Fiber Market Segmentation
  • Figure 2. North America Carbon Fiber Market Segmentation - By Country
  • Figure 3. North America Carbon Fiber Market Overview
  • Figure 4. Polyacrylonitrile Held Larger Share of North America Carbon fiber Market in 2019
  • Figure 5. North America Carbon Fiber Market, by Country, Value and CAGR
  • Figure 6. Carbon Fiber Industry Landscape
  • Figure 7. PEST Analysis for North American Carbon Fiber Market
  • Figure 8. Impact Analysis of Drivers and Restraints
  • Figure 9. North America Carbon Fiber Market Forecast And Analysis, (US$ Mn)
  • Figure 10. North America Carbon Fiber Market Breakdown By Raw Material, Value, 2019 & 2027 (%)
  • Figure 11. North America PAN Market Revenue Forecasts To 2027 (US$ Mn)
  • Figure 12. North America Pitch Market Revenue Forecasts To 2027 (US$ Mn)
  • Figure 13. North America Carbon Fiber Market Breakdown By End-Use Industry, By Value, 2019 & 2027 (%)
  • Figure 14. North America Automotive Market Revenue and Forecasts to 2027 (US$ MN)
  • Figure 15. North America Aerospace and Defense Market Revenue And Forecasts To 2027 (US$ Mn)
  • Figure 16. North America Construction Market Revenue and Forecasts To 2027 (US$ Mn)
  • Figure 17. North America Sporting Goods Market Revenue and Forecasts To 2027 (US$ Mn)
  • Figure 18. North America Wind Energy Market Revenue and Forecasts To 2027 (US$ Mn)
  • Figure 19. North America Others Market Revenue and Forecasts To 2027 (US$ Mn)
  • Figure 20. North America Carbon Fiber Market by Key Country- Revenue (2019) (US$ Mn)
  • Figure 21. North America Carbon Fiber Market Revenue And Forecasts To 2027 (US$ Mn)
  • Figure 22. North American Carbon Fiber Market Breakdown, By Raw Material , 2019 & 2027 (%)
  • Figure 23. North American Carbon Fiber Market Breakdown by End Use Industry, 2019 & 2027 (%)
  • Figure 24. North America Carbon Fiber Market Breakdown by Country, 2019 & 2027(%)
  • Figure 25. US Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)
  • Figure 26. Canada Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)
  • Figure 27. Mexico Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)
  • Figure 28. Impact of COVID-19 Pandemic in North American Country Markets