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.
|High Growth Market||Asia-Pacific|
|Unit||Value (USD Million)|
|Key Companies Profiled||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)|
This growth is primarily driven by Growing Usage of Carbon Fiber for Structural Composite Parts Manufacturing, Used in Aircraft, Growing Demand for Fuel Efficient Vehicles and High demand from Wind Energy Industry.
Globally, a noticeable market trend is evident Rise of Carbon Fiber 3D Printers The Specialty Chemicals sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
In July 2022, Hexcel announced that it has signed a long-term agreement with Dassault to supply carbon fiber prepreg for the Falcon 10X program. This is the first Dassault business jet program to incorporate high-performance advanced carbon fiber composites in the manufacture of its aircraft wings.
Rise of Carbon Fiber 3D Printers
Market Growth Drivers:
Growing Usage of Carbon Fiber for Structural Composite Parts Manufacturing, Used in Aircraft, Growing Demand for Fuel Efficient Vehicles and High demand from Wind Energy Industry
Low Cost Carbon Fiber Production for Large Volume Applications
High Cost of Carbon Fiber
Increasing demand from FCEVs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Carbon Fiber Market
- Analysis about New Entrants in Carbon Fiber Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Carbon Fiber Study Sheds Light on
The Carbon Fiber Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Carbon Fiber industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Carbon Fiber industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.