What is Carbon Fiber Market?
Carbon fibers (CF), also known as graphite fiber are fibers with diameter of about 5–10 micrometers, and commonly composed of carbon atoms. These carbon fibers are widely used attributed to several advantages such as low weight, high stiffness, high tensile strength, high temperature tolerance, high chemical resistance, as well as low thermal expansion. Carbon fiber are highly used in aerospace, civil engineering, military, as well as motorsports, along with other competition sports. Various types such as continuous carbon fiber, long carbon fiber, as well as short carbon fiber are widely used among various end use industries.
The market study is being classified by Type (Continuous Carbon Fiber, Long Carbon Fiber and Short Carbon Fiber) and major geographies with country level break-up.
Hexcel Corporation (United States), Mitsubishi Rayon Co. Ltd. (Japan), Teijin Limited (Japan), Hyosung (South Korea), Toray Industries Inc. (Japan), SGL Group (Germany), Holding Company Composite (Russia), BASF SE (Germany), Formosa Plastics Corporation (Taiwan) and Weihai Guangwei Composites Co., Ltd (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Taekwang Industries Co Ltd. (South Korea), DowAksa (Turkey) and Jiangsu Hengshen Co., Ltd.(China).
Research Analyst at AMA predicts that Japanese, German, Chinese, and United States Vendors will contribute to the maximum growth of Global Carbon Fiber market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Carbon Fiber market by Type, Application and Region.
On the basis of geography, the market of Carbon Fiber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Usage of Carbon Fiber for Structural Composite Parts Manufacturing, Used in Aircraft
- Growing Demand for Fuel Efficient Vehicles
- High demand from Wind Energy Industry
- Rise of Carbon Fiber 3D Printers
- High Cost of Carbon Fiber
- Low Cost Carbon Fiber Production for Large Volume Applications
Market Leaders and some development strategies
In January 2019, Hexcel Corporation has announced that the company completed the acquisition of ARC Technologies a supplier of custom RF / EMI & microwave absorbing composite materials for military, aerospace & industrial applications. This acquisition strengthens Hexcel’s existing advanced materials portfolio in structural composites & thermoplastics as well as provides new opportunities for growth & market penetration. As per the company, this transaction is expected to be accretive to Hexcel’s earnings in 2019.
Key Target AudienceCarbon Fiber Manufacturers, Raw Material Suppliers, Carbon Fiber Distributors & Suppliers, Sporting Equipment Manufacturers, Aerospace Industry, Automobile and Transportation Industry, Government and Research Organizations, Industry Associations and Other End Use Industries
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase