Press Resease

Carbon Fiber Market (Polyacrylonitrile (PAN) based, Pitch-based, and Others) for Aerospace and Defense, Wind Energy, Construction Automotive, Sports, and Other End-user: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Published Date: 29-Aug-2016 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-112 Status : Published

Global carbon fiber market share will reach USD 3.3 Billion by 2021, growing at a CAGR of 9.8% through 2021.

Description

The report provides analysis and forecast for the carbon fiber market on a regional and global level. The study covers historic data of 2015 shared along with a forecast from 2016 to 2021 based on volume (kilo tons) and revenue (USD billion). The study provides drivers and restraints for the carbon fiber market coupled along with the impact they have on the demand over the forecast period. Moreover, the report also covers the analysis of opportunities existing in the carbon fiber market on a global level.

With the objective to give the users of this report a complete view on the carbon fiber market and to better understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the carbon fiber market has also been covered. The study shares a market attractiveness analysis, wherein product segments and end-user segments are benchmarked based on their growth rate, market size, and general attractiveness.

Global Carbon Fiber Market

The study provides a clear view on the carbon fiber market by segmenting the market based on end-user segment, product segment, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Based on product segment, the carbon fiber market has been segmented into polyacrylonitrile (PAN) based, pitch-based, and others. Based on the end-user segment, the carbon fiber market has been segmented into aerospace and defense, wind energy, construction automotive, sports, and others. The regional segmentation includes the current and forecast demand for North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa with its further bifurcation into major countries including China, Japan, India U.S. Germany, France, UK, and Brazil.

The report also includes comprehensive profiles of end players such as Toray Industries, Cytec Industries, Mitsubishi Rayon Co., Ltd., SGL Group – The Carbon Company, Hexcel Corporation, Kemrock Industries and Exports Ltd., Formosa Plastics Corporation, DowAksa, Teijin Ltd, Zoltek Companies, Inc., Kureha Corporation and others. The thorough description of players includes parameters such as company overview, business, financial overview, and recent developments of the company.
This report segments the global carbon fiber market as follows:

Global Carbon Fiber Market: Product Segment Analysis

  • Polyacrylonitrile (PAN) based
  • Pitch-based
  • Others

Global Carbon Fiber Market: End-user Segment Analysis

  • Aerospace and Defense
  • Wind Energy
  • Construction 
  • Automotive
  • Sports 
  • Others

Global Carbon Fiber Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report Description And Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Carbon Fiber Market, 2015 - 2021 (Kilo Tons) (USD Billion)
    • 2.2. Global Carbon Fiber Market: Snapshot
  • Chapter 3. Carbon Fiber – Market Dynamics
    • 3.1. Introduction
    • 3.2. Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Global Carbon Fiber Market Drivers: Impact Analysis
      • 3.3.2. Increasing Demand for Sporting Goods
      • 3.3.3. Increasing Demand from Aerospace & Defense Industry
      • 3.3.4. Increasing Demand from Wind Energy Industry
    • 3.4. Market Restraints
      • 3.4.1. Global Carbon Fiber Market Restraints: Impact Analysis
      • 3.4.2. Complex Recycling Process of Carbon Fiber
      • 3.4.3. High Manufacturing Cost of Carbon Fiber
    • 3.5. Opportunities
      • 3.5.1. Increasing Demand from Automotive Industry
      • 3.5.2. Increasing Demand from Construction Industry
    • 3.6. Porter’s Five Forces Analysis
      • 3.6.1. Bargaining Power Of Suppliers
      • 3.6.2. Bargaining Power Of Buyers
      • 3.6.3. Threat From New Entrants
      • 3.6.4. Threat From New Substitutes
      • 3.6.5. Degree Of Competition
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market Attractiveness Analysis, By Product Segment
      • 3.7.2. Market Attractiveness Analysis, By End-User Segment
      • 3.7.3. Market Attractiveness Analysis, By Regional Segment
  • Chapter 4. Global Carbon Fiber Market – Competitive Landscape
    • 4.1. Company Market Share, 2015 (Subject To Data Availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New End-User Launch
      • 4.2.3. Agreements, Partnerships, Collaborations And Joint Ventures
      • 4.2.4. Research And Development, End-User And Regional Expansion
    • 4.3. Product Portfolio
    • 4.4. Patent Analysis (2011-2016)
      • 4.4.1. Patent Trend
      • 4.4.2. Patent Share By Company
      • 4.4.3. By Region
  • Chapter 5. Global Carbon Fiber Market – Product Segment Analysis
    • 5.1. Global Carbon Fiber Market: Product Segment Overview
      • 5.1.1. Global Carbon Fiber Market Volume and Revenue Share, By Product Segment, 2015 And 2021
    • 5.2. Polyacrylonitrile (PAN) based
      • 5.2.1. Global Carbon Fiber Market for Polyacrylonitrile (PAN) based Carbon Fiber, 2015 – 2021 (Kilo Tons) (USD Billion)
    • 5.3. Pitch-based
      • 5.3.1. Global Carbon Fiber Market For Pitch-based Carbon Fiber, 2015 – 2021 (Kilo Tons) (USD Billion)
    • 5.4. Others
      • 5.4.1. Global Carbon Fiber Market For Other Product, 2015 – 2021 (Kilo Tons) (USD Billion)
  • Chapter 6. Global Carbon Fiber Market – End-User Segment Analysis
    • 6.1. Global Carbon Fiber Market: End-User Segment Overview
      • 6.1.1. Global Carbon Fiber Market Revenue Share, By End-User Segment, 2015 And 2021
    • 6.2. Aerospace and Defense
      • 6.2.1. Global Carbon Fiber Market For Aerospace and Defense, 2015 – 2021 (Kilo Tons) (USD Billion)
    • 6.3. Wind Energy
      • 6.3.1. Global Carbon Fiber Market For Wind Energy, 2015 – 2021 (Kilo Tons) (USD Billion)
    • 6.4. Construction
      • 6.4.1. Global Carbon Fiber Market For Construction, 2015 – 2021 (Kilo Tons) (USD Billion)
    • 6.5. Automotive
      • 6.5.1. Global Carbon Fiber Market For Automotive, 2015 – 2021 (Kilo Tons) (USD Billion)
    • 6.6. Sports
      • 6.6.1. Global Carbon Fiber Market For Sports, 2015 – 2021 (Kilo Tons) (USD Billion)
    • 6.7. Others
      • 6.7.1. Global Carbon Fiber Market For Other End-Users, 2015 – 2021 (Kilo Tons) (USD Billion)
  • Chapter 7. Global Carbon Fiber Market – Regional Segment Analysis
    • 7.1. Global Carbon Fiber Market: Regional Overview
      • 7.1.1. Global Carbon Fiber Market Volume Share By Region, 2015 And 2021
    • 7.2. North America
      • 7.2.1. North America Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
      • 7.2.2. North America Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
      • 7.2.3. North America Carbon Fiber Market Volume, By End-User, 2015 – 2021, ( Kilo Tons)
      • 7.2.4. North America Carbon Fiber Market Revenue, By End-User, 2015 – 2021, (USD Billion)
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
        • 7.2.5.2. U.S. Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
        • 7.2.5.3. U.S. Carbon Fiber Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 7.2.5.4. U.S. Carbon Fiber Market Revenue, By End-User, 2015 – 2021 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
      • 7.3.2. Europe Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
      • 7.3.3. Europe Carbon Fiber Market Volume, By End-User, 2015 – 2021 (Kilo Tons)
      • 7.3.4. Europe Carbon Fiber Market Revenue, By End-User, 2015 – 2021 (USD Billion)
      • 7.3.5. UK
        • 7.3.5.1. UK Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
        • 7.3.5.2. UK Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
        • 7.3.5.3. UK Carbon Fiber Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 7.3.5.4. UK Carbon Fiber Market Revenue, By End-User, 2015 – 2021 (USD Billion)
      • 7.3.6. France
        • 7.3.6.1. France Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
        • 7.3.6.2. France Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
        • 7.3.6.3. France Carbon Fiber Market Volume, By End-User, 2015 – 2021, ( Kilo Tons)
        • 7.3.6.4. France Carbon Fiber Market Revenue, By End-User, 2015 – 2021, (USD Billion)
      • 7.3.7. Germany
        • 7.3.7.1. Germany Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
        • 7.3.7.2. Germany Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
        • 7.3.7.3. Germany Carbon Fiber Market Volume, By End-User, 2015 – 2021, ( Kilo Tons)
        • 7.3.7.4. Germany Carbon Fiber Market Revenue, By End-User, 2015 – 2021, (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
      • 7.4.2. Asia Pacific Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
      • 7.4.3. Asia Pacific Carbon Fiber Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
      • 7.4.4. Asia Pacific Carbon Fiber Market Revenue, By End-User, 2015 – 2021 (USD Billion)
      • 7.4.5. China
        • 7.4.5.1. China Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
        • 7.4.5.2. China Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
        • 7.4.5.3. China Carbon Fiber Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 7.4.5.4. China Carbon Fiber Market Revenue, By End-User, 2015 – 2021 (USD Billion)
      • 7.4.6. Japan
        • 7.4.6.1. Japan Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
        • 7.4.6.2. Japan Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
        • 7.4.6.3. Japan Carbon Fiber Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 7.4.6.4. Japan Carbon Fiber Market Revenue, By End-User, 2015 – 2021 (USD Billion)
      • 7.4.7. India
        • 7.4.7.1. India Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
        • 7.4.7.2. India Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
        • 7.4.7.3. India Carbon Fiber Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 7.4.7.4. India Carbon Fiber Market Revenue, By End-User, 2015 – 2021 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
      • 7.5.2. Latin America Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
      • 7.5.3. Latin America Carbon Fiber Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
      • 7.5.4. Latin America Carbon Fiber Market Revenue, By End-User, 2015 – 2021 (USD Billion)
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
        • 7.5.5.2. Brazil Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
        • 7.5.5.3. Brazil Carbon Fiber Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 7.5.5.4. Brazil Carbon Fiber Market Revenue, By End-User, 2015 – 2021 (USD Billion)
    • 7.6. Middle East And Africa
      • 7.6.1. The Middle East And Africa Carbon Fiber Market Volume, By Product, 2015 – 2021, ( Kilo Tons)
      • 7.6.2. The Middle East And Africa Carbon Fiber Market Revenue, By Product, 2015 – 2021, (USD Billion)
      • 7.6.3. The Middle East And Africa Carbon Fiber Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
      • 7.6.4. The Middle East And Africa Carbon Fiber Market Revenue, By End-User, 2015 – 2021 (USD Billion)
  • Chapter 8. Company Profile
    • 8.1. Toray Industries
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Cytec Industries
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Mitsubishi Rayon Co., Ltd.
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. SGL Group – The Carbon Company
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Hexcel Corporation
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Developments
    • 8.6. Kemrock Industries and Exports Ltd.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Developments
    • 8.7. Formosa Plastics Corporation
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Developments
    • 8.8. DowAksa
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Developments
    • 8.9. Teijin Ltd
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Developments
    • 8.10. Zoltek Companies, Inc.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Developments
    • 8.11. Kureha Corporation
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Carbon Fiber market. Zion Research has collected and analyzed key data belong to the global Carbon Fiber market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Carbon Fiber across the world has been calculated through primary and secondary research.

Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Carbon Fiber industry. Primary research makes up major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Carbon Fiber market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Carbon fiber is a fiber that contains at least 92% carbon by weight. Carbon fiber is very light and flexible, yet very tough, boosting performances. It is relatively new and refined material that has found many uses in the field of automobiles, aviation, sports, construction and even medical devices. Carbon fiber composites are usually preferred in applications where strength, low weight, stiffness and outstanding fatigue characteristics are necessary requirements. They also can be used in operations where chemical inertness, high temperature, and high damping are demanded. Several thousand carbon fibers are bundled together to form a tow, which may be used by itself or woven into a fabric. The thickness varies according to use giving the object strength and flexibility suitable for its purpose.  They are usually combined with other materials to form a composite. Various types of carbon fibers are manufactured across the globe. These include polyacrylonitrile (PAN) based, rayon-based, pitch-based and others. Pitch-based and PAN-based carbon fibers are the major product segments of the global carbon fiber market.

Demand for carbon fiber is growing at a rapid pace from end-user industries such as aerospace and defense, wind energy and sporting goods is expected to drive the global carbon fiber market in the next few years. However, recycling issues of carbon fiber coupled along with higher price may curb the growth of the carbon fiber market during the forecast period. Rising demand for durable and lightweight carbon fiber components in the end-user industries such as construction and automotive industries is projected to act as a worthwhile opportunity for the carbon fiber market during the forecast period.

Global Carbon Fiber Market

Polyacrylonitrile (PAN) based product type accounted for a major share of carbon fiber market globally. PAN based carbon fiber hold more than 80% share of the global carbon fiber market. PAN based carbon fiber is followed by pitch-based carbon fiber. While others segment which includes rayon based, polyolefin-based carbon fiber is expected to be fastest growing segment during the forecast period. Wind energy was the largest end-user segment and accounted for more 20% share in 2015. While automotive is expected to be the fastest growing end-user segment followed by sporting goods during the forecast period.

In terms of geography, North America was the largest consumer of carbon fiber in 2015. The consumption in North America is mainly driven by usage of carbon fiber in the U.S. Currently, the U.S. uses almost 60% of the world production of carbon fiber. The Asia-Pacific market is expected to grow at a swift pace mainly due to rising demand for carbon fiber and their composites from emerging countries in Asia such as India, Japan, and China. Japan is one of the major manufacturers of carbon fiber globally. Japan accounts for almost 50% of the world production capacity. The largest producer of this fiber is Toray Industries of Japan. The world production capacity of pitch-based carbon fiber is almost totally based in Japan. Europe is second largest consumer of carbon fiber globally. Increasing demand from end-user industries such as aerospace and defense, wind energy, and automotive is expected to drive the carbon fiber market in Europe in the future. While, Latin America, and the Middle East and Africa are expected to register noticeable growth during the forecast period.

Some of the key players of the market include Toray Industries, Cytec Industries, Mitsubishi Rayon Co., Ltd., SGL Group – The Carbon Company, Hexcel Corporation, Kemrock Industries and Exports Ltd., Formosa Plastics Corporation, DowAksa, Teijin Ltd, Zoltek Companies, Inc., Kureha Corporation, and others.

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