Carbon Fiber Composites Market

Global Carbon Fiber Composites Market Analysis and Opportunity Assessment by End-Uses, Matrix Material, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 15,916.9Mn between 2022 and 2032

Category: Chemicals & Materials

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ID: CVC-00385

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Format: PDF+Excel Dataset

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Published Date: October 2022

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Pages: 280

Carbon Fiber Composites Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Carbon Fiber Composites Market grew at a CAGR of 6.8% between 2017-2021 and is estimated to be US$ 13,974.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.9% and is expected to reach a valuation of US$ 29,891.1Mn by 2032 end.

Because of their superior durability, low thermal expansion, and good corrosion resistance, carbon fiber composites are mostly used to make aerospace parts. Additionally, the development of the carbon fiber composites industry will be further accelerated during the projection period by rising aircraft production.

Numerous new materials are being introduced to the market, including Carbon Fiber Reinforced Thermoplastic (CFRTP). With mass production technologies, advanced CFRTP can be molded in about a minute and is about 40% lighter and 10 times more impact resistant than steel.

Market Dynamic

UNCEASING DEVELOPMENTS AND RESEARCH PROJECTS TO BOOST THE MARKET GROWTH

Growth in the industry will be fueled by ongoing developments in high-tech carbon fiber composites like Carbon Fiber Reinforced Thermoplastic (CFRTP), as well as their significantly increasing application in high-volume cars. With modern mass production technologies, CFRTP can be molded in approximately a minute, is 40.1% lighter than steel, and has 10 times the impact resistance.

To produce cutting-edge materials that can be employed in high-volume manufacturing cars, automotive manufacturers are actively spending on research and development. The box’s design, which was developed in collaboration with GM and Teijin Limited, has an approximate one-minute molding time, which boosts production rates.

HURDLES ASSOCIATED WITH CARBON COMPOSITE RECYCLING MAY IMPEDE DISTRIBUTION EFFICIENCY

In the upcoming years, difficulties with recycling carbon composites could make distribution less effective. Manufacturers grind or break carbon fibre components at very high temperatures to recover pricey carbon fiber during the recycling process. The cost of the finished product is increased during the extraction process, limiting the market expansion for carbon fiber composites.

UNIQUE CHARACTERISTICS OF CARBON FIBER COMPOSITES TO SPUR DEMAND

Extreme strength, lightweight, corrosion resistance, balanced chemical reactivity, X-ray transparency, thermal conductivity, and a low coefficient of thermal expansion are just a few of the distinctive properties of carbon fiber composites that have made them more relevant in heavy-duty applications. A matrix material is used in various industries for suitable physical, thermal, mechanical, and electrical qualities. Specifically, during the study period, favorable regulatory standards to reduce vehicle emissions are anticipated to support the carbon fiber composites market growth.

Due to their extreme durability, dependability, and ability to withstand harsh marine conditions, carbon fiber composites are widely used in cruisers, racing vessels, and yachts. Carbon fiber composite marine vehicles are more affordable, quicker, and fuel-efficient.

Carbon Fiber Composites Market

Market Segments Covered in Report

By End-Uses:

  • Aerospace & Defense
  • Automotive
  • Wind Turbines
  • Sports & Leisure
  • Civil Engineering
  • Marine Applications
  • Other End Uses

By Matrix Material:

  • Polymer Matrix Carbon Fiber Composites
  • Carbon Matrix Fiber Composites
  • Ceramics Matrix Carbon Fiber Composites
  • Metal Matrix Carbon Fiber Composites
  • Hybrid Matrix Carbon Fiber Composites

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are Polymer Matrix Carbon Fiber Composites increasing in demand globally?

By matrix material, it is anticipated that the market for polymer-based carbon fibers will reach US$ 21 billion by 2032 due to the development of numerous polymers and their extensive use in the aerospace and automotive sectors.

The extensive use of thermosetting polymers in significant aerospace and military applications will result in a CAGR of 6.6% for this type of material up until 2032.

Why Aerospace & Defense is anticipated to surge in the upcoming year?

By 2022, the aerospace & defense segment is anticipated to generate more than 60.8% of total revenue due to the widespread use of these materials in aerospace components such as airframe structures, floor panels, and landing gears.

Aerospace manufacturers can increase aircraft parts’ fatigue and oxidation resistance with the help of carbon fibers, such as Carbon-fiber Reinforced Plastic (CFRP). Most notably in planes, carbon fiber has been used almost everywhere in aircraft. For instance, the Boeing 787 Dreamliner passenger plane contains 50% composite material by weight, most of which is made of sandwiched or laminated carbon fiber.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • Due to strong demand from the region’s aerospace and defense, wind energy, and automotive industries, Europe held the greatest share of the global CF & CFRP market, accounting for 34.0% of its value.
  • The North American carbon fiber composites market is expected to have a market share of 8.1% due to the high concentration of aircraft manufacturers and the growing use of composite materials in aircraft. The regional share is increasing due to increased air passenger traffic, increased global aircraft clamor, and the opening of new air transport routes.

Competition Analysis

To gauge the interest of potential customers and build a larger clientele, market players are utilizing various marketing strategies, including new product launches, geographic expansion, mergers and acquisitions, partnerships, and collaboration.

The key developments in the Global Carbon Fiber Composites Market:

  • In December 2021, Hengshen was established in 2007 and had a division in Beijing in addition to its Danyang, China, headquarters. They declared they would produce five composite rear pressure bulkheads (RPB) measuring 5 meters for a Chinese aerospace OEM.

A list of some of the key suppliers present in the market are:

  • Toray+Zoltek
  • SGL Carbon
  • Toho
  • MRC
  • Hexcel Corporation
  • Rock West Composites
  • Hengshen
  • Mitsubishi Chemical Fiber Corporation
  • Teijin Limited
  • Solvay

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By End-User, Matrix Material,  and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request

 

  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 7.9%.

Unceasing developments and research projects to boost the market growth.

Major global Carbon Fiber Composites Market players are Toray+Zoltek, SGL Carbon, Toho, MRC, Hexcel Corporation, Rock West Composites, Hengshen, Mitsubishi Chemical Fiber Corporation, Teijin Limited, Solvay.

Hurdles associated with carbon composite recycling may impede distribution efficiency.

Europe is expected to account for the largest market revenue share in the Global Carbon Fiber Composites market.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Carbon Fiber Composites Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2032
    • Incremental $ Opportunity Index, 2022-2032
    • Global Market Volume (Tons) Analysis, 2017 – 2032
  6. Global Carbon Fiber Composites Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of End-Uses W.R.T. Packaging End-Uses
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw End-Uses Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of Packagings
      • Packagings Consumption Analysis
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Packaging Landscape
  10. Global Carbon Fiber Composites Market 2017 – 2032 by End-Uses
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-Uses [Value (US$ Mn) and Volume (Tons) Analysis]
      • Aerospace & Defense
      • Automotive
      • Wind Turbines
      • Sports & Leisure
      • Civil Engineering
      • Marine Applications
      • Other End Uses
    • Market Attractiveness Analysis by End-Uses
  11. Global Carbon Fiber Composites Market 2017 – 2032 by Matrix Material
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Matrix Material [Value (US$ Mn) and Volume (Tons) Analysis]
      • Polymer Matrix Carbon Fiber Composites
      • Carbon Matrix Fiber Composites
      • Ceramics Matrix Carbon Fiber Composites
      • Metal Matrix Carbon Fiber Composites
      • Hybrid Matrix Carbon Fiber Composites
    • Market Attractiveness Analysis by Matrix Material
  12. Global Carbon Fiber Composites Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  13. North America Carbon Fiber Composites Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • U.S.
        • Canada
      • By End-Uses
      • By Matrix Material
    • Market Attractiveness Analysis
      • By Country
      • By End-Uses
      • By Matrix Material
  1. Latin America Carbon Fiber Composites Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By End-Uses
      • By Matrix Material
    • Market Attractiveness Analysis
      • By Country
      • By End-Uses
      • By Matrix Material
  1. Europe Carbon Fiber Composites Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By End-Uses
      • By Matrix Material
    • Market Attractiveness Analysis
      • By Country
      • By End-Uses
      • By Matrix Material
  1. Asia-Pacific Carbon Fiber Composites Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By End-Uses
      • By Matrix Material
    • Market Attractiveness Analysis
      • By Country
      • By End-Uses
      • By Matrix Material
  1. Middle East Carbon Fiber Composites Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • U.A.E.
        • Rest of the Middle East
      • By End-Uses
      • By Matrix Material
    • Market Attractiveness Analysis
      • By Country
      • By End-Uses
      • By Matrix Material
  1. Africa Carbon Fiber Composites Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By End-Uses
      • By Matrix Material
    • Market Attractiveness Analysis
      • By Country
      • By End-Uses
      • By Matrix Material
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Packaging Capacity Analysis
    • Company Footprint Analysis
      • Packaging Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • Brand Preference Analysis
    • Competition Dashboard
  3. Company Profiles
    • Toray+Zoltek
      • Company Overview
      • Packaging & Financial Portfolio
      • Packaging Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • SGL Carbon
    • Toho
    • MRC
    • Hexcel Corporation
    • Rock West Composites
    • Hengshen
    • Mitsubishi Chemical Fiber Corporation
    • Teijin Limited
    • Solvay
  4. Assumptions and Acronyms

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