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The Carbon Fiber Market Size was valued at USD 6.91 billion in 2023 and is expected to reach USD 13.93 billion by 2032 and grow at a CAGR of 8.10% over the forecast period 2024-2032.
The high strength-to-weight ratio of carbon fiber is driving the growing need for it in the aerospace and defense industries, as it is perfect for making lightweight parts for aircraft. This is essential because the aerospace sector is concentrated on decreasing fuel usage and emissions. According to the U.S. Department of Energy states that cutting an aircraft's weight by 1% could result in fuel savings of around 0.75%. Consequently, carbon fiber is more commonly used in commercial and military plane manufacturing.
Moreover, the Clean Sky 2 initiative from the European Union also increases the need for carbon fiber by promoting sustainable and efficient aircraft technologies. The worldwide defense industry is increasingly incorporating carbon fiber for light armor and structural parts, as countries aim to upgrade their military equipment.
Furthermore, the increasing use of carbon fiber in sports and leisure gear is due to its lightweight and durable attributes, boosting performance significantly. Professional cyclists prefer carbon fiber bicycles due to their enhanced strength and lower weight, which enable increased speed and improved maneuvering abilities.
For instance, in 2023, Trek Bikes launched a new range of carbon fiber mountain bikes that are both lighter and more durable, providing better performance in competitive environments. In the same way, carbon fiber tennis rackets like the 2022 Wilson Pro Staff RF97 offer players improved control and power because of their lighter weight and greater stiffness. These advancements showcase the increasing use of carbon fiber in sports due to the demand for top-notch gear
Additionally, the wind energy industry has emerged as a major carbon fiber user due largely to large turbine blades. The lightweight, but strong properties of carbon fiber make them perfectly suited for the blades allowing them to be longer and more efficient in capturing more wind energy when spinning to generate electricity. Hence it increases the demand for carbon market
MARKET DYNAMICS
KEY DRIVERS:
Carbon Fiber is used in the automotive, industry for 3D-printed car parts.
The lightweight and high-strength qualities of carbon fiber combined with the adaptability of 3D printing enable the production of intricate, personalized parts that are efficient and long-lasting. Carbon Fiber is used to make automobile springs, racing car bodies, golf club shafts, aircraft and spacecraft parts, bicycle frames, fishing rods, sailboat masts, and many other components. Carbon fiber material has led industries to push the boundaries and create new developments for the future of the next generation. For instance,
In 2022, Lamborghini teamed up with Carbon, a digital manufacturing firm, to create 3D-printed carbon fiber components like air vents and spoilers for their supercars, leading to vehicles that are lighter and more aerodynamically effective. This method not only accelerates the manufacturing process but also decreases material wastage, in line with the automotive sector's focus on sustainability. With the ongoing advancements in 3D printing technology, it is anticipated that the utilization of carbon fiber in automotive sectors will increase, leading to more innovations in vehicle design and production.
RESTRAIN:
Carbon fiber is a very expensive material that restrains market growth.
The manufacture of carbon fiber is costly due to intricate procedures and pricey inputs, resulting in a higher cost in comparison to materials such as steel or aluminum. The high cost prevents many industries, like automotive manufacturing, from widely implementing it, as companies in these sectors need to consider both performance and cost-effectiveness. For example, carbon fiber is great for decreasing vehicle weight and improving fuel efficiency. However, its high cost makes it impractical for mainstream vehicles, limiting its use to luxury and high-performance cars. Furthermore, smaller manufacturers may be discouraged from incorporating carbon fiber into their products due to its high cost, which in turn hinders market growth.
By Raw Material
Polyacrylonitrile (PAN) segments held the largest market share market around 90.45% in 2023. Carbon fibers based on PAN provide a great strength-to-weight ratio, impressive tensile strength, and exceptional thermal stability, which make them perfect for challenging uses in aerospace, automotive, and defense sectors. Furthermore, PAN is a more readily available and affordable raw material in comparison to substances such as pitch, making it the top option for mass carbon fiber manufacturing. The traditional methods of production for PAN-based carbon fibers also play a role in their prevalence, as they guarantee steady quality and performance, reinforcing PAN's top spot in the industry.
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By Tow
In the tow size segment, small tow held the largest market share around 78.63% in 2023. A small tow is characterized by having fewer filaments of carbon fibers, usually around 24,000 per tow, leading to increased strength and stiffness when compared to larger tow fibers. These attributes are what make small-town carbon fibers highly applicable in sectors such as aerospace, automotive, and sports equipment, where accuracy and efficiency are crucial. Furthermore, it is simpler to work with and incorporate small tow fibers into composite materials, which is why they are often chosen for more complex uses. Their dominant market share is also boosted by the fact that they are widely utilized in the production of crucial components like aircraft parts, automotive panels, and high-end sporting goods.
By Application
In the application segment aerospace & defense segment held the largest market share around 34.34% in 2023. The lightweight properties of carbon fiber led to a substantial decrease in fuel usage and improved the strength of aircraft and military gear, making it a crucial component of contemporary aerospace and defense innovations. An illustration would be the widespread utilization of carbon fiber composites in constructing aircraft fuselages, wings, and military vehicles to enhance efficiency and operational performance. The primary use of carbon fiber in the aerospace and defense industries is driven by the industry's emphasis on weight reduction, fuel efficiency improvements, and the need for advanced, high-strength materials. The constant need for new aircraft and advanced defense technologies means that aerospace and defense remain the top users of carbon fiber.
REGIONAL ANALYSIS
Europe held the largest market share in the carbon fiber market about 32.56% in 2023. This dominance is because of its sturdy industrial foundation, highly developed technological skills, and substantial funding in the aerospace and automotive industries. The area is where top aerospace companies such as Airbus and defense firms make extensive use of carbon fiber in producing high-performance parts, including those for airplanes and military gear. Europe also has a strong automotive sector that prioritizes innovation, especially in creating electric and high-performance vehicles that utilize carbon fiber to improve fuel efficiency and overall performance. The generous funding from the European Union for research and development, along with its strict regulations on emissions and environmental standards, continues to boost the need for high-tech materials such as carbon fiber. Europe's strong carbon fiber production infrastructure and focus on high-tech sectors help maintain its leading role in the worldwide market for carbon fiber.
Key players
Mitsubishi Chemical Corporation, Toray Industries Inc., DowAksa, Solvay, Hexcel Corporation, Hyosung Advanced Materials, Zhongfu Shenying Carbon Co., SGL Carbon Ltd, Teijin Limited, Formosa Plastic Corporation and other key players.
Toray- In 2023 Toray has announced development of a technology that thermally welds carbon fiber reinforced plastics (CFRP) at high speed. The high-rate production and weight reduction of CFRP airframes will be made possible by this technology. In addition to extending CFRP applications, the company will continue with demonstrations with an eye on commercializing airframes after 2030.
In 2023, SGL Carbon launched a fresh carbon fiber manufacturing facility in China, with a focus on satisfying the growing demand in the Asia-Pacific area. This establishment is projected to improve SGL's ability to provide carbon fiber for automotive and industrial uses.
Hexcel Corporation- In 2022 Hexcel Corporation has signed an agreement with Dassault to supply carbon fiber prepreg for Dassault F10X program.
Mitsubishi Chemical Corporation- In 2021 A cyanate ester carbon Fiber prepreg* that offers high heat resistance and exceptional strength has been developed by Mitsubishi Chemical Corporation. As demand of tightened environmental regulations for lighter aircraft and many other applications which do not harm environment.
| Report Attributes | Details |
| Market Size in 2023 | US$ 6.91 Bn |
| Market Size by 2032 | US$ 13.93 Bn |
| CAGR | CAGR of 8.10% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Raw material (PAN, Pitch) • By Tow (Large, Small) • By Application (Aerospace & Defense, Wind Energy, Automotive, Electronics &Electrical, Sports, Other) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Mitsubishi Chemical corporation, Toray Industries Inc., DowAksa, Solvay, Hexcel Corporation, Hyosung Advanced Materials, Zhongfu Shenying Carbon Co., SGL Carbon Ltd, Teijin Limited, Formosa plastic corporation |
| Key Drivers | • Carbon Fiber is used in the automotive industry for 3D-printed car parts. |
| Market Opportunities | • Carbon fiber is a very expensive material that restrain market growth. |
Ans: The CAGR value of the carbon fiber market is 8.10% over the forecast period 2024-2032.
Ans: Europe is dominating largest market share in carbon fiber market.
Ans. The projected market size of the Carbon Fiber market by 2032 is USD 13.93 billion.
Ans: Opportunities
Ans: The market size of the Carbon Fiber market in 2023 was USD 6.91 billion.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by l Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, by Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Carbon Fiber Market Segmentation, by Raw Material
7.1 Chapter Overview
7.2 PAN
7.2.1 PAN Market Trends Analysis (2020-2032)
7.2.2 PAN Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Pitch
7.3.1 Pitch Market Trends Analysis (2020-2032)
7.3.2 Pitch Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Carbon Fiber Market Segmentation, by Tow
8.1 Chapter Overview
8.2 Small
8.2.1 Small Market Trends Analysis (2020-2032)
8.2.2 Small Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Large
8.3.1 Large Market Trends Analysis (2020-2032)
8.3.2 Large Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Carbon Fiber Market Segmentation, by Application
9.1 Chapter Overview
9.2 Defence & Aerospace
9.2.1 Defence & Aerospace Market Trends Analysis (2020-2032)
9.2.2 Defence & Aerospace Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Wind Energy
9.3.1 Wind Energy Market Trends Analysis (2020-2032)
9.3.2 Wind Energy Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Automotive
9.4.1 Automotive Market Trends Analysis (2020-2032)
9.4.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Electronics & Electrical
9.5.1 Electronics & Electrical Market Trends Analysis (2020-2032)
9.5.2 Electronics & Electrical Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Sports
9.6.1 Sports Market Trends Analysis (2020-2032)
9.6.2 Sports Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Others
9.7.1 Others Market Trends Analysis (2020-2032)
9.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Carbon Fiber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.2.4 North America Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.2.5 North America Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.2.6.2 USA Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.2.6.3 USA Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.2.7.2 Canada Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.2.7.3 Canada Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.2.8.2 Mexico Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.2.8.3 Mexico Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Carbon Fiber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.1.6.2 Poland Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.1.6.3 Poland Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.1.7.2 Romania Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.1.7.3 Romania Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Carbon Fiber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.2.4 Western Europe Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.2.5 Western Europe Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.2.6.2 Germany Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.2.6.3 Germany Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.2.7.2 France Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.2.7.3 France Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.2.8.2 UK Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.2.8.3 UK Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.2.9.2 Italy Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.2.9.3 Italy Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.2.10.2 Spain Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.2.10.3 Spain Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.2.13.2 Austria Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.2.13.3 Austria Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Carbon Fiber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.4.4 Asia Pacific Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.4.5 Asia Pacific Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.4.6.2 China Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.4.6.3 China Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.4.7.2 India Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.4.7.3 India Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.4.8.2 Japan Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.4.8.3 Japan Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.4.9.2 South Korea Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.4.9.3 South Korea Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.4.10.2 Vietnam Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.4.10.3 Vietnam Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.4.11.2 Singapore Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.4.11.3 Singapore Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.4.12.2 Australia Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.4.12.3 Australia Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Carbon Fiber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.5.1.4 Middle East Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.5.1.5 Middle East Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.5.1.6.2 UAE Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.5.1.6.3 UAE Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Carbon Fiber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.5.2.4 Africa Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.5.2.5 Africa Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Carbon Fiber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.6.4 Latin America Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.6.5 Latin America Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.6.6.2 Brazil Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.6.6.3 Brazil Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.6.7.2 Argentina Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.6.7.3 Argentina Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.6.8.2 Colombia Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.6.8.3 Colombia Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Carbon Fiber Market Estimates and Forecasts, by Raw Material (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Carbon Fiber Market Estimates and Forecasts, by Tow (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Carbon Fiber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 Mitsubishi Chemical Corporation
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Toray Industries Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 DowAksa
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Solvay
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Hexcel Corporation
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Hyosung Advanced Materials
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Zhongfu Shenying Carbon Co.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 SGL Carbon Ltd
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Teijin Limited
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Formosa Plastic Corporation
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Raw Material
PAN
Pitch
By Tow
Small
Large
By Application
Defence & Aerospace
Wind Energy
Automotive
Electronics & Electrical
Sports
Other
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Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
Carbon Capture Utilization and Storage Market was valued at USD 3.62 Bn in 2023 and will reach USD 24.2 Bn by 2032 and grow at a CAGR of 23.5% by 2024-2032
The Methanol Market Size was valued at USD 33.7 billion in 2023, and expected to reach USD 54.5 billion by 2032, and grow at a CAGR of 5.5% over the forecast period 2024-2032.
The Thermic Fluids Market Size was valued at USD 11.6 Billion in 2023 and is expected to reach USD 16.3 Billion by 2032, growing at a CAGR of 3.9% over the forecast period of 2024-2032.
The Industrial Batteries Market was valued at USD 19.60 billion in 2023 and is expected to reach USD 43.63 billion by 2032, growing at a CAGR of 9.30% over the forecast period from 2024 to 2032.
The Lignin Derivatives Market Size was USD 11.1 Billion in 2023 and is expected to reach USD 16.7 Billion by 2032 and grow at a CAGR of 4.7% by 2024-2032.
The Biodegradable Films Market Size was valued at USD 1.16 billion in 2023. It is projected to reach USD 2.06 billion by 2031 and grow at a CAGR of 7.3% over the forecast period 2024-2031.
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