Carbon Fiber Market by Raw Material Type(Pan, Pitch), Fiber Type(Virgin, Recycled), Modulus (Standard, Intermediate, High), Product Type(Continuous, Long, Short), Application(Composites, Non-Composites), End-use Industry, Region - Global Forecast to 2032
Carbon Fiber Market by Raw Material Type(Pan, Pitch), Fiber Type(Virgin, Recycled), Modulus (Standard, Intermediate, High), Product Type(Continuous, Long, Short), Application(Composites, Non-Composites), End-use Industry, Region - Global Forecast to 2032
Abstract
The carbon fiber market is projected to grow from USD 6.5 Billion in 2022 to USD 11.9 Billion by 2027, at a CAGR of 13.0% during the forecasted period and USD 21.7 Billion by 2032, at a CAGR of 12.9% during the forecasted period. The market is driven by factors like the stringent eco-friendly regulations & rising popularity of 3d printing, Carbon fiber is being extensively deployed in the automotive industry for the creation of 3D-printed car parts.
Carbon fiber is used in a variety of industries, including Physical and mechanical properties of carbon fiber make it an efficient and reliable material for industries like aerospace, defence, sports equipment, wind energy turbines, automotive industry, and others. Aerospace & Defense sector is market driving factor of Carbon fiber for its excellent properties. carbon fibers have high tensile strength, superior chemical resistance and temperature tolerance, low weight and distinguished thermal expansion. These properties of the fiber are expected to raise its demand in the imminent time, which in turn is predicted to boost the market growth. Furthermore, imposition of stringent eco-friendly regulations in developed and developing nations is projected to offer abundant growth opportunities to the market in the upcoming years.
‘‘In terms of volume, Standard Modulus-based carbon fiber accounted for the largest share of the overall carbon fiber market.’’
In terms of volume, the by modulus type segment of carbon fiber based on Standard Modulus-based carbon fiber accounted for 60.3% of the overall carbon fiber market in 2021. On the other hand, owing to its low cost and the large number of applications, standard modulus carbon fibers are in high demand from the wind energy industry and are growing at a much faster rate compared to the other grades. It is used in sporting goods, automotive, aerospace, and general-purpose tubing applications. Standard modulus carbon fiber is rated at 33-34 MSI, which means it has a tensile strength of 33 million pounds per square inch. Some of the major manufacturers of standard modulus carbon fibers are Mitsubishi Chemical Corporation, SGL Group, Hexcel Corporation, Solvay, Toray Industries, and DowAksa.
“During the forecast period, the carbon fiber market in Pipe & Tank industry is expected to register the highest CAGR.’’
Pipe & Tank industry is the most important end-use industry for carbon fiber. During the forecast period, the carbon fiber market in Pipe & Tank industry has the highest 20% CAGR. Owing to the high focus on reducing carbon footprint, there is increasing demand from CNG and hydrogen tank manufacturers. This is expected to drive the market for PAN-based carbon fibers in the pipe & tank industry.
“During the forecast period, the carbon fiber market in Europe is projected to register the highest CAGR.”
Europe dominated the global market for carbon fiber. Many manufacturers of carbon fiber and their products are present in the region. Germany held a significant share of the global carbon fiber market and is expected to grow significantly during the forecast period. The growing automotive and aerospace & defense are driving the growth of the carbon fiber market in this region.
This study has been validated through primary interviews conducted with various industry experts globally.
These primary sources have been divided into the following three categories:
•By Company Type- Tier 1- 35%, Tier 2- 25%, and Tier 3-40%
•By Designation- C Level- 35%, Director Level- 30%, and Others- 35%
•By Region- North America- 25%, Europe- 30%, Asia Pacific (APAC) - 30%, Latin America-5%, Middle East & Africa (MEA)-10%,
The report provides a comprehensive analysis of company profiles:
Toray Industries Inc., (Japan), DowAksa (Turkey), Mitsubishi Chemical corporation (Japan), Solvay (Belgium), Teijin Limited (Japan), SGL Carbon (Germany), Hexcel Corporation (US), Hyosung Advanced Materials (South Korea), Zhongfu Shenying Carbon Co., Ltd. (China), Formosa Plastics Corporation (Taiwan), Jiangsu Hengshen Co., Ltd. (China), and Jilin Chemical Fiber Group Co., Ltd. (China).
Research Coverage
This report covers the global carbon fiber market and forecasts the market size until 2032. It includes the following market segmentation- Carbon Fiber Market, By Raw Material Type (Pan, Pitch), By Fiber Type (Virgin, Recycled), By Modulus (Standard, Intermediate, High), By Product Type (Continuous, Long, Short), By Application (Composites, Non-Composites), By End-use Industry (Aerospace & Defense, Automotive, Wind Energy, Pipes & Tanks, Sporting Goods, and Others), By Region- Forecast to 2032. Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global carbon fiber market.
Key benefits of buying the report:
The report is expected to help market leaders/new entrants in this market in the following ways:
1.This report segments the global carbon fiber market comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2.The report helps stakeholders understand the pulse of the carbon fiber market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3.This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, contract, expansion, and acquisition.
Reasons to buy the report:
The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall carbon fiber market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
Content
Table of Contents
1INTRODUCTION41
1.1STUDY OBJECTIVES41
1.2MARKET DEFINITION41
1.3INCLUSIONS AND EXCLUSIONS42
1.4MARKET SCOPE43
1.4.1CARBON FIBER MARKET SEGMENTATION43
1.4.2CARBON FIBER MARKET: REGIONAL SCOPE43
1.4.3YEARS CONSIDERED44
1.5CURRENCY CONSIDERED44
1.6UNIT CONSIDERED44
1.7LIMITATIONS44
1.8STAKEHOLDERS45
1.9SUMMARY OF CHANGES45
2RESEARCH METHODOLOGY46
2.1RESEARCH APPROACH46
FIGURE 1RESEARCH DESIGN47
2.1.1SECONDARY DATA48
2.1.2PRIMARY DATA48
2.2BASE NUMBER CALCULATION50
2.2.1APPR0ACH 1: SUPPLY-SIDE APPROACH50
2.2.2APPROACH 2: DEMAND-SIDE APPROACH50
2.3FORECAST NUMBER CALCULATION51
2.3.1SUPPLY SIDE51
2.3.2DEMAND SIDE51
2.4MARKET SIZE ESTIMATION51
2.4.1BOTTOM-UP APPROACH51
FIGURE 2BOTTOM-UP APPROACH52
2.4.2TOP-DOWN APPROACH52
FIGURE 3TOP-DOWN APPROACH52
2.5DATA TRIANGULATION52
FIGURE 4DATA TRIANGULATION53
2.6FACTOR ANALYSIS54
2.6.1IMPACT OF SLOWDOWN/ RECESSION54
2.7ASSUMPTIONS55
2.8LIMITATIONS & RISKS55
3EXECUTIVE SUMMARY56
FIGURE 5PAN-BASED SEGMENT TO LEAD CARBON FIBER MARKET BETWEEN 2022 AND 202756
FIGURE 6COMPOSITE APPLICATION DOMINATED CARBON FIBER MARKET IN 202157
FIGURE 7AEROSPACE & DEFENSE END-USE INDUSTRY DOMINATED CARBON FIBER MARKET IN 202157
FIGURE 8MARKET IN GERMANY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD58
FIGURE 9EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 202159
4PREMIUM INSIGHTS60
4.1CARBON FIBER MARKET SIZE, BY VOLUME60
FIGURE 10INCREASING DEMAND FROM AEROSPACE & DEFENSE INDUSTRY TO DRIVE CARBON FIBER MARKET60
4.2CARBON FIBER MARKET, BY RAW MATERIAL TYPE60
FIGURE 11PAN-BASED SEGMENT DOMINATED CARBON FIBER MARKET IN 202160
4.3CARBON FIBER MARKET, BY APPLICATION61
FIGURE 12COMPOSITE APPLICATION DOMINATED CARBON FIBER MARKET IN 202161
4.4CARBON FIBER MARKET, BY END-USE INDUSTRY61
FIGURE 13WIND ENERGY SEGMENT ACCOUNTED FOR LARGEST SHARE IN 202161
4.5CARBON FIBER MARKET GROWTH, BY KEY COUNTRIES62
FIGURE 14MARKET IN GERMANY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD62
5MARKET OVERVIEW63
5.1INTRODUCTION63
5.2MARKET DYNAMICS63
FIGURE 15DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CARBON FIBER MARKET63
5.2.1DRIVERS64
5.2.1.1Growing demand for manufacturing satellite parts64
5.2.1.2High demand from aerospace & defense industry64
5.2.1.3Stringent eco-friendly regulations to drive adoption of carbon fibers and related composites in automotive applications64
TABLE 1EUROPEAN UNION: CO2 EMISSION STANDARDS FOR NEW PASSENGER CARS (G/KM)65
5.2.1.4Significant benefits in wind energy industry65
TABLE 2NEW WIND POWER INSTALLATIONS, BY REGION (2020–2025)66
5.2.2RESTRAINTS67
5.2.2.1High cost of PAN-based carbon fiber67
5.2.2.2Decline in demand from luxury cars segment67
5.2.3OPPORTUNITIES67
5.2.3.1Increased investments for development of low-cost coal-based carbon fibers67
5.2.3.2Increasing demand for FCEVs67
TABLE 3NUMBER OF FCEVS, BY MAJOR COUNTRY/REGION, 201968
5.2.3.3Rising use of carbon fiber in 3D printing68
5.2.3.4Development of low-cost manufacturing processes such as plasma oxidation technology68
5.2.4CHALLENGES69
5.2.4.1Production of low-cost carbon fiber69
5.2.4.2Capital-intensive and complex manufacturing process of carbon fiber69
5.3PORTER’S FIVE FORCES ANALYSIS69
FIGURE 16PORTER’S FIVE FORCES ANALYSIS70
5.3.1BARGAINING POWER OF BUYERS70
5.3.2BARGAINING POWER OF SUPPLIERS71
5.3.3THREAT OF NEW ENTRANTS71
5.3.4THREAT OF SUBSTITUTES71
5.3.5INTENSITY OF COMPETITIVE RIVALRY71
TABLE 4PORTER’S FIVE FORCES ANALYSIS72
5.4SUPPLY CHAIN ANALYSIS72
TABLE 5COMPANIES AND THEIR ROLE IN ECOSYSTEM72
5.5PRICING ANALYSIS73
5.6AVERAGE SELLING PRICES OF KEY PLAYERS, BY APPLICATION73
FIGURE 17AVERAGE SELLING PRICES OF KEY PLAYERS FOR APPLICATIONS (USD/KG)73
TABLE 6AVERAGE SELLING PRICES OF KEY PLAYERS, BY APPLICATION (USD/KG)73
5.7AVERAGE SELLING PRICES, BY END-USE INDUSTRY74
FIGURE 18AVERAGE SELLING PRICES OF END-USE INDUSTRIES (USD/KG)74
5.8AVERAGE SELLING PRICES, BY RAW MATERIAL TYPE74
FIGURE 19AVERAGE SELLING PRICES BASED ON RAW MATERIAL TYPES (USD/KG)74
5.9AVERAGE SELLING PRICE75
TABLE 7CARBON FIBER AVERAGE SELLING PRICE, BY REGION75
5.10OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS75
TABLE 8CAGR (BY VALUE) UNDER OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS75
5.10.1OPTIMISTIC SCENARIO75
5.10.2PESSIMISTIC SCENARIO75
5.10.3REALISTIC SCENARIO75
5.11KEY STAKEHOLDERS & BUYING CRITERIA76
5.11.1KEY STAKEHOLDERS IN BUYING PROCESS76
FIGURE 20INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS76
TABLE 9INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS76
5.11.2BUYING CRITERIA77
FIGURE 21KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS77
TABLE 10KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS77
5.12TECHNOLOGY ANALYSIS78
5.13KEY CONFERENCES & EVENTS IN 2022-202379
TABLE 11DETAILED LIST OF CONFERENCES & EVENTS RELATED TO CARBON FIBER AND RELATED MARKETS79
5.14TRADE POLICIES AND TARIFF REGULATIONS FOR EXPORT/IMPORT80
5.14.1US80
5.14.2JAPAN80
5.14.3EUROPE81
5.14.4CHINA81
5.15ECOSYSTEM OF CARBON FIBER MARKET81
5.16VALUE CHAIN ANALYSIS82
FIGURE 22VALUE CHAIN ANALYSIS82
5.16.1RAW MATERIAL SELECTION82
5.17KEY MARKETS FOR IMPORTS/EXPORTS82
5.17.1JAPAN82
5.17.2US83
5.17.3GERMANY83
5.17.4UK83
5.17.5FRANCE83
5.17.6CHINA83
5.18CASE STUDY ANALYSIS84
5.19TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS84
5.20PATENT ANALYSIS85
5.20.1INTRODUCTION85
5.20.2METHODOLOGY85
5.20.3DOCUMENT TYPE85
TABLE 12PITCH-BASED CARBON FIBER MARKET: GLOBAL PATENTS85
FIGURE 23PATENTS REGISTERED FOR PITCH-BASED CARBON FIBER, 2011–202186
FIGURE 24GLOBAL PATENT PUBLICATION TREND ANALYSIS: LAST TEN YEARS86
5.20.4INSIGHTS86
5.20.5JURISDICTION ANALYSIS86
FIGURE 25GLOBAL JURISDICTION ANALYSIS87
5.20.6TOP APPLICANTS’ ANALYSIS87
FIGURE 26TEIJIN LTD. REGISTERED HIGHEST NUMBER OF PATENTS FROM 2011 TO 202187
TABLE 13LIST OF PATENTS BY TEIJIN LTD.88
TABLE 14LIST OF PATENTS BY HONEYWELL INC.89
TABLE 15LIST OF PATENTS BY HUNAN DONGYING CARBON MATERIAL TECH CO. LTD.89
TABLE 16LIST OF PATENTS BY OCI CO. LTD.90
5.20.7TOP 10 PATENT OWNERS (US) DURING LAST 11 YEARS90
6CARBON FIBER MARKET, BY RAW MATERIAL91
6.1INTRODUCTION92
FIGURE 27PAN-BASED CARBON FIBER MARKET TO REGISTER HIGHER GROWTH RATE92
TABLE 17CARBON FIBER MARKET SIZE, BY RAW MATERIAL, 2018–2021 (USD MILLION)92
TABLE 18CARBON FIBER MARKET SIZE, BY RAW MATERIAL, 2018–2021 (KILOTON)93
TABLE 19CARBON FIBER MARKET SIZE, BY RAW MATERIAL, 2022–2032 (USD MILLION)93
TABLE 20CARBON FIBER MARKET SIZE, BY RAW MATERIAL, 2022–2032 (KILOTON)93
6.2PAN-BASED CARBON FIBER94
6.2.1EXTENSIVE DEMAND FOR STRUCTURAL MATERIAL COMPOSITES TO DRIVE MARKET94
TABLE 21PAN-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)94
TABLE 22PAN-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)94
TABLE 23PAN-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (USD MILLION)94
TABLE 24PAN-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (KILOTON)94
TABLE 25PAN-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)95
TABLE 26PAN-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)95
TABLE 27PAN-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)96
TABLE 28PAN-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)96
6.2.2PAN-BASED CARBON FIBER MARKET SIZE, BY REGION97
TABLE 29PAN-BASED CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)97
TABLE 30PAN-BASED CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)97
TABLE 31PAN-BASED CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)98
TABLE 32PAN-BASED CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)98
6.3PITCH-BASED CARBON FIBER99
6.3.1WIDE USAGE IN SATELLITES, INDUSTRIAL, CIVIL ENGINEERING, AND SPORTS GOODS TO DRIVE MARKET99
6.3.2PETROLEUM-BASED PITCH CARBON FIBER99
6.3.3COAL-BASED PITCH CARBON FIBER99
TABLE 33PITCH-BASED CARBON FIBER MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION)99
TABLE 34PITCH-BASED CARBON FIBER MARKET SIZE, BY SOURCE, 2018–2021 (KILOTON)99
TABLE 35PITCH-BASED CARBON FIBER MARKET SIZE, BY SOURCE, 2022–2032 (USD MILLION)100
TABLE 36PITCH-BASED CARBON FIBER MARKET SIZE, BY SOURCE, 2022–2032 (KILOTON)100
TABLE 37PITCH-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)100
TABLE 38PITCH-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)101
TABLE 39PITCH-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (USD MILLION)101
TABLE 40PITCH-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (KILOTON)101
TABLE 41PITCH-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)102
TABLE 42PITCH-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)102
TABLE 43PITCH-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)102
TABLE 44PITCH-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)103
TABLE 45COAL-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)103
TABLE 46COAL-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)104
TABLE 47COAL-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)104
TABLE 48COAL-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)104
TABLE 49PETROLEUM-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)105
TABLE 50PETROLEUM-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)105
TABLE 51PETROLEUM-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)105
TABLE 52PETROLEUM-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)106
7CARBON FIBER MARKET, BY FIBER TYPE107
7.1INTRODUCTION108
7.2VIRGIN CARBON FIBER108
7.2.1HIGH LONG-TERM PERFORMANCE IN TERMS OF FATIGUE AND ENVIRONMENTAL EFFECTS TO DRIVE MARKET108
7.3RECYCLED CARBON FIBER108
7.3.1LOWER COST TO DRIVE MARKET108
FIGURE 28VIRGIN SEGMENT TO DOMINATE CARBON FIBER MARKET DURING FORECAST PERIOD109
TABLE 53CARBON FIBER MARKET SIZE, BY FIBER TYPE, 2018–2021 (USD MILLION)109
TABLE 54CARBON FIBER MARKET SIZE, BY FIBER TYPE, 2018–2021 (KILOTON)109
TABLE 55CARBON FIBER MARKET SIZE, BY FIBER TYPE, 2022–2032 (USD MILLION)110
TABLE 56CARBON FIBER MARKET SIZE, BY FIBER TYPE, 2022–2032 (KILOTON)110
8CARBON FIBER MARKET, BY MODULUS111
8.1INTRODUCTION112
8.2STANDARD MODULUS112
8.2.1USAGE ACROSS INDUSTRIES TO DRIVE MARKET112
8.3INTERMEDIATE MODULUS112
8.3.1DEMAND IN PRESSURE VESSELS, WIND TURBINE BLADES, AND AEROSPACE TO DRIVE MARKET112
8.4HIGH MODULUS112
8.4.1DEMAND FOR AEROSPACE APPLICATIONS TO DRIVE THE MARKET112
FIGURE 29STANDARD MODULUS SEGMENT TO LEAD CARBON FIBER MARKET DURING FORECAST PERIOD113
TABLE 57CARBON FIBER MARKET SIZE, BY MODULUS, 2018–2021 (USD MILLION)113
TABLE 58CARBON FIBER MARKET SIZE, BY MODULUS, 2018–2021 (KILOTON)113
TABLE 59CARBON FIBER MARKET SIZE, BY MODULUS, 2022–2032 (USD MILLION)113
TABLE 60CARBON FIBER MARKET SIZE, BY MODULUS, 2022–2032 (KILOTON)114
9CARBON FIBER MARKET, BY PRODUCT TYPE115
9.1INTRODUCTION116
FIGURE 30CONTINUOUS CARBON FIBER SEGMENT TO DOMINATE MARKET116
TABLE 61CARBON FIBER MARKET SIZE, BY PRODUCT TYPE, 2018–2021 (USD MILLION)116
TABLE 62CARBON FIBER MARKET SIZE, BY PRODUCT TYPE, 2018–2021 (KILOTON)116
TABLE 63CARBON FIBER MARKET SIZE, BY PRODUCT TYPE, 2022–2032 (USD MILLION)117
TABLE 64CARBON FIBER MARKET SIZE, BY PRODUCT TYPE, 2022–2032 (KILOTON)117
9.2CONTINUOUS CARBON FIBER118
9.2.1DEMAND FOR HIGHER TENSILE STRENGTH TO DRIVE MARKET118
FIGURE 31EUROPE TO BE LARGEST MARKET FOR CONTINUOUS CARBON FIBER SEGMENT118
TABLE 65CONTINUOUS CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)118
TABLE 66CONTINUOUS CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)119
TABLE 67CONTINUOUS CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)119
TABLE 68CONTINUOUS CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)119
9.3LONG CARBON FIBER120
9.3.1DEMAND FOR SPORTS GOODS TO DRIVE THE MARKET120
TABLE 69LONG CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)120
TABLE 70LONG CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)120
TABLE 71LONG CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)121
TABLE 72LONG CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)121
9.4SHORT CARBON FIBER121
9.4.1DEMAND FOR INJECTION MOLDING TO DRIVE MARKET121
TABLE 73SHORT CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)122
TABLE 74SHORT CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)122
TABLE 75SHORT CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)122
TABLE 76SHORT CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)123
10CARBON FIBER MARKET, BY APPLICATION124
10.1INTRODUCTION125
FIGURE 32COMPOSITES TO BE LARGER APPLICATION OF CARBON FIBER125
TABLE 77CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)125
TABLE 78CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)125
TABLE 79CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (USD MILLION)126
TABLE 80CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (KILOTON)126
10.2COMPOSITES126
10.2.1EXCELLENT STRENGTH, RIGIDITY, AND SUPERIOR TENSILE STRENGTH TO DRIVE MARKET126
10.2.2PREPREG127
10.2.3MOLDING COMPOUNDS127
10.2.4WOVEN FABRIC127
TABLE 81COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2018–2021 (USD MILLION)127
TABLE 82COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2018–2021 (KILOTON)127
TABLE 83COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2022–2032 (USD MILLION)128
TABLE 84COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2022–2032 (KILOTON)128
TABLE 85COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)128
TABLE 86COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)129
TABLE 87COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)129
TABLE 88COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)129
10.3NON-COMPOSITES130
10.3.1DEMAND FOR ELECTRIC VEHICLES AND 3D PRINTING TO DRIVE MARKET130
TABLE 89NON-COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2018–2021 (USD MILLION)130
TABLE 90NON-COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2018–2021 (KILOTON)130
TABLE 91NON-COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2022–2032 (USD MILLION)130
TABLE 92NON-COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2022–2032 (KILOTON)131
TABLE 93NON-COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)131
TABLE 94NON-COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)131
TABLE 95NON-COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)132
TABLE 96NON-COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)132
11CARBON FIBER MARKET, BY END-USE INDUSTRY133
11.1INTRODUCTION134
FIGURE 33CARBON FIBER MARKET TO WITNESS HIGHEST GROWTH IN PIPE & TANK INDUSTRY BETWEEN 2022 AND 2027134
TABLE 97CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)134
TABLE 98CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)135
TABLE 99CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)135
TABLE 100CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)136
11.2AEROSPACE & DEFENSE137
11.2.1LOWER SUSCEPTIBILITY TO FATIGUE AND CORROSION TO DRIVE MARKET137
TABLE 101NUMBER OF NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION (2019–2038)137
FIGURE 34EUROPE TO DRIVE CARBON FIBER MARKET IN AEROSPACE & DEFENSE INDUSTRY138
TABLE 102CARBON FIBER MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2018–2021 (USD MILLION)138
TABLE 103CARBON FIBER MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2018–2021 (KILOTON)139
TABLE 104CARBON FIBER MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2022–2032 (USD MILLION)139
TABLE 105CARBON FIBER MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2022–2032 (KILOTON)139
11.3WIND ENERGY140
11.3.1HIGH STIFFNESS AND STRENGTH AND WEIGHT REDUCTION TO DRIVE MARKET140
FIGURE 35ASIA PACIFIC FASTEST-GROWING MARKET IN WIND ENERGY INDUSTRY140
TABLE 106CARBON FIBER MARKET SIZE IN WIND ENERGY, BY REGION, 2018–2021 (USD MILLION)141
TABLE 107CARBON FIBER MARKET SIZE IN WIND ENERGY, BY REGION, 2018–2021 (KILOTON)141
TABLE 108CARBON FIBER MARKET SIZE IN WIND ENERGY, BY REGION, 2022–2032 (USD MILLION)141
TABLE 109CARBON FIBER MARKET SIZE IN WIND ENERGY, BY REGION, 2022–2032 (KILOTON)142
11.4AUTOMOTIVE142
11.4.1WEIGHT REDUCTION AND INCREASING EFFICIENCY TO DRIVE MARKET142
TABLE 110COST BENEFITS OF CARBON FIBER COMPOSITE COMPONENTS VS. STEEL COMPONENTS143
11.4.2INTERIOR COMPONENTS144
11.4.3EXTERIOR COMPONENTS144
FIGURE 36EUROPE TO LEAD CARBON FIBER MARKET IN AUTOMOTIVE INDUSTRY144
TABLE 111CARBON FIBER MARKET SIZE IN AUTOMOTIVE, BY REGION, 2018–2021 (USD MILLION)144
TABLE 112CARBON FIBER MARKET SIZE IN AUTOMOTIVE, BY REGION, 2018–2021 (KILOTON)145
TABLE 113CARBON FIBER MARKET SIZE IN AUTOMOTIVE, BY REGION, 2022–2032 (USD MILLION)145
TABLE 114CARBON FIBER MARKET SIZE IN AUTOMOTIVE, BY REGION, 2022–2032 (KILOTON)145
11.5PIPE & TANK146
11.5.1ANTI-CORROSION AND LIGHTWEIGHT PROPERTIES TO DRIVE MARKET146
FIGURE 37NORTH AMERICA TO DOMINATE CARBON FIBER MARKET IN PIPE & TANK INDUSTRY146
TABLE 115CARBON FIBER MARKET SIZE IN PIPE & TANK, BY REGION, 2018–2021 (USD MILLION)147
TABLE 116CARBON FIBER MARKET SIZE IN PIPE & TANK, BY REGION, 2018–2021 (KILOTON)147
TABLE 117CARBON FIBER MARKET SIZE IN PIPE & TANK, BY REGION, 2022–2032 (USD MILLION)147
TABLE 118CARBON FIBER MARKET SIZE IN PIPE & TANK, BY REGION, 2022–2032 (KILOTON)148
11.6SPORTS GOODS148
11.6.1GOOD DESIGN FLEXIBILITY, EASY PROCESSING, AND FORMING CHARACTERISTICS TO DRIVE MARKET148
FIGURE 38ASIA PACIFIC TO DOMINATE CARBON FIBER MARKET IN SPORTS GOODS INDUSTRY149
TABLE 119CARBON FIBER MARKET SIZE IN SPORTS GOODS, BY REGION, 2018–2021 (USD MILLION)149
TABLE 120CARBON FIBER MARKET SIZE IN SPORTS GOODS, BY REGION, 2018–2021 (KILOTON)149
TABLE 121CARBON FIBER MARKET SIZE IN SPORTS GOODS, BY REGION, 2022–2032 (USD MILLION)150
TABLE 122CARBON FIBER MARKET SIZE IN SPORTS GOODS, BY REGION, 2022–2032 (KILOTON)150
11.7CIVIL ENGINEERING151
11.7.1DEMAND FOR STRENGTHENING STRUCTURES TO DRIVE MARKET151
FIGURE 39NORTH AMERICA TO LEAD CARBON FIBER MARKET IN CIVIL ENGINEERING INDUSTRY151
TABLE 123CARBON FIBER MARKET SIZE IN CIVIL ENGINEERING, BY REGION, 2018–2021 (USD MILLION)151
TABLE 124CARBON FIBER MARKET SIZE IN CIVIL ENGINEERING, BY REGION, 2018–2021 (KILOTON)152
TABLE 125CARBON FIBER MARKET SIZE IN CIVIL ENGINEERING, BY REGION, 2022–2032 (USD MILLION)152
TABLE 126CARBON FIBER MARKET SIZE IN CIVIL ENGINEERING, BY REGION, 2022–2032 (KILOTON)152
11.8ELECTRICAL & ELECTRONICS153
11.8.1SUPERIOR MECHANICAL PROPERTIES TO DRIVE MARKET153
FIGURE 40ASIA PACIFIC TO LEAD CARBON FIBER MARKET IN ELECTRICAL & ELECTRONICS INDUSTRY153
TABLE 127CARBON FIBER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2018–2021 (USD MILLION)153
TABLE 128CARBON FIBER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2018–2021 (KILOTON)154
TABLE 129CARBON FIBER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2022–2032 (USD MILLION)154
TABLE 130CARBON FIBER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2022–2032 (KILOTON)154
11.9MARINE155
11.9.1SUSTENANCE UNDER EXTREME ENVIRONMENTAL CONDITIONS TO DRIVE MARKET155
FIGURE 41NORTH AMERICA TO LEAD CARBON FIBER MARKET IN MARINE INDUSTRY155
TABLE 131CARBON FIBER MARKET SIZE IN MARINE, BY REGION, 2018–2021 (USD MILLION)155
TABLE 132CARBON FIBER MARKET SIZE IN MARINE, BY REGION, 2018–2021 (KILOTON)156
TABLE 133CARBON FIBER MARKET SIZE IN MARINE, BY REGION, 2022–2032 (USD MILLION)156
TABLE 134CARBON FIBER MARKET SIZE IN MARINE, BY REGION, 2022–2032 (KILOTON)156
11.10OTHER END-USE INDUSTRIES157
11.10.1MEDICAL157
11.10.2OIL & GAS157
11.10.33D PRINTING157
11.10.4HIGH-SPEED & METRO TRAINS157
11.10.5ELECTRODES FOR BATTERIES157
11.10.6CATALYSIS157
11.10.7INDUSTRIAL EQUIPMENT158
11.10.8CHEMICAL158
11.10.9THERMAL MANAGEMENT158
FIGURE 42EUROPE TO LEAD CARBON FIBER MARKET IN OTHER END-USE INDUSTRIES158
11.10.9.1Carbon fiber market size in other end-use industries, by region159
TABLE 135CARBON FIBER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2021 (USD MILLION)159
TABLE 136CARBON FIBER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2021 (KILOTON)159
TABLE 137CARBON FIBER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2022–2032 (USD MILLION)159
TABLE 138CARBON FIBER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2022–2032 (KILOTON)160
12CARBON FIBER MARKET, BY REGION161
12.1INTRODUCTION162
TABLE 139CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)162
TABLE 140CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)163
TABLE 141CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)163
TABLE 142CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)163
12.2EUROPE164
FIGURE 44EUROPE: CARBON FIBER MARKET SNAPSHOT165
12.2.1EUROPE: CARBON FIBER MARKET, BY END-USE INDUSTRY166
TABLE 143EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)166
TABLE 144EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)166
TABLE 145EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)167
TABLE 146EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)167
12.2.2EUROPE: CARBON FIBER MARKET, BY COUNTRY168
TABLE 147EUROPE: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)168
TABLE 148EUROPE: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)169
TABLE 149EUROPE: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (USD MILLION)169
TABLE 150EUROPE: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (KILOTON)169
12.2.2.1Germany170
12.2.2.1.1Aerospace and automotive industries to drive market170
TABLE 151GERMANY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)170
TABLE 152GERMANY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)171
TABLE 153GERMANY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)171
TABLE 154GERMANY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)172
12.2.2.2France173
12.2.2.2.1Major aircraft manufacturers to drive market173
TABLE 155FRANCE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)173
TABLE 156FRANCE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)173
TABLE 157FRANCE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)174
TABLE 158FRANCE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)174
12.2.2.3UK175
12.2.2.3.1Automotive sector to drive market175
TABLE 159UK: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)175
TABLE 160UK: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)176
TABLE 161UK: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)176
TABLE 162UK: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)177
12.2.2.4Italy178
12.2.2.4.1Growth of end-use industries to drive market178
TABLE 163ITALY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)178
TABLE 164ITALY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)178
TABLE 165ITALY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)179
TABLE 166ITALY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)179
12.2.2.5Spain180
12.2.2.5.1Demand from aerospace industry to drive market180
TABLE 167SPAIN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)180
TABLE 168SPAIN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)181
TABLE 169SPAIN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)181
TABLE 170SPAIN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)182
12.2.2.6Rest of Europe183
TABLE 171REST OF EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)183
TABLE 172REST OF EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)183
TABLE 173REST OF EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)184
TABLE 174REST OF EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)184
12.3NORTH AMERICA185
FIGURE 45NORTH AMERICA: CARBON FIBER MARKET SNAPSHOT185
12.3.1NORTH AMERICA: CARBON FIBER MARKET, BY END-USE INDUSTRY186
TABLE 175NORTH AMERICA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)186
TABLE 176NORTH AMERICA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)186
TABLE 177NORTH AMERICA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)187
TABLE 178NORTH AMERICA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)187
12.3.2NORTH AMERICA: CARBON FIBER MARKET, BY COUNTRY188
TABLE 179NORTH AMERICA: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)188
TABLE 180NORTH AMERICA: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)188
TABLE 181NORTH AMERICA: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (USD MILLION)188
TABLE 182NORTH AMERICA: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (KILOTON)188
12.3.2.1US189
12.3.2.1.1Established industries to drive market189
TABLE 183US: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)189
TABLE 184US: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)190
TABLE 185US: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)190
TABLE 186US: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)191
12.3.2.2Canada192
12.3.2.2.1Major integrators to drive market192
TABLE 187CANADA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)192
TABLE 188CANADA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)193
TABLE 189CANADA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)193
TABLE 190CANADA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)194
12.4ASIA PACIFIC194
FIGURE 46ASIA PACIFIC: CARBON FIBER MARKET SNAPSHOT195
12.4.1ASIA PACIFIC: CARBON FIBER MARKET, BY END-USE INDUSTRY196
TABLE 191ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)196
TABLE 192ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)196
TABLE 193ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)197
TABLE 194ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)197
12.4.2ASIA PACIFIC: CARBON FIBER MARKET, BY COUNTRY198
TABLE 195ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)198
TABLE 196ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)198
TABLE 197ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (USD MILLION)199
TABLE 198ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (KILOTON)199
12.4.2.1Japan200
12.4.2.1.1Leading manufacturers to drive market200
TABLE 199JAPAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)200
TABLE 200JAPAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)201
TABLE 201JAPAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)201
TABLE 202JAPAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)202
12.4.2.2China203
12.4.2.2.1Sports goods and wind energy industries to drive market203
TABLE 203CHINA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)203
TABLE 204CHINA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)204
TABLE 205CHINA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)204
TABLE 206CHINA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)205
12.4.2.3Taiwan206
12.4.2.3.1Growing electrical & electronics industry to drive market206
TABLE 207TAIWAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)206
TABLE 208TAIWAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)206
TABLE 209TAIWAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)207
TABLE 210TAIWAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)207
12.4.2.4South Korea208
12.4.2.4.1Significantly growing automotive industry to drive market208
TABLE 211SOUTH KOREA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)208
TABLE 212SOUTH KOREA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)209
TABLE 213SOUTH KOREA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)209
TABLE 214SOUTH KOREA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)210
12.4.2.5Rest of Asia Pacific210
TABLE 215REST OF ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)211
TABLE 216REST OF ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)211
TABLE 217REST OF ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)212
TABLE 218REST OF ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)212
Carbon fiber is used in a variety of industries, including Physical and mechanical properties of carbon fiber make it an efficient and reliable material for industries like aerospace, defence, sports equipment, wind energy turbines, automotive industry, and others. Aerospace & Defense sector is market driving factor of Carbon fiber for its excellent properties. carbon fibers have high tensile strength, superior chemical resistance and temperature tolerance, low weight and distinguished thermal expansion. These properties of the fiber are expected to raise its demand in the imminent time, which in turn is predicted to boost the market growth. Furthermore, imposition of stringent eco-friendly regulations in developed and developing nations is projected to offer abundant growth opportunities to the market in the upcoming years.
‘‘In terms of volume, Standard Modulus-based carbon fiber accounted for the largest share of the overall carbon fiber market.’’
In terms of volume, the by modulus type segment of carbon fiber based on Standard Modulus-based carbon fiber accounted for 60.3% of the overall carbon fiber market in 2021. On the other hand, owing to its low cost and the large number of applications, standard modulus carbon fibers are in high demand from the wind energy industry and are growing at a much faster rate compared to the other grades. It is used in sporting goods, automotive, aerospace, and general-purpose tubing applications. Standard modulus carbon fiber is rated at 33-34 MSI, which means it has a tensile strength of 33 million pounds per square inch. Some of the major manufacturers of standard modulus carbon fibers are Mitsubishi Chemical Corporation, SGL Group, Hexcel Corporation, Solvay, Toray Industries, and DowAksa.
“During the forecast period, the carbon fiber market in Pipe & Tank industry is expected to register the highest CAGR.’’
Pipe & Tank industry is the most important end-use industry for carbon fiber. During the forecast period, the carbon fiber market in Pipe & Tank industry has the highest 20% CAGR. Owing to the high focus on reducing carbon footprint, there is increasing demand from CNG and hydrogen tank manufacturers. This is expected to drive the market for PAN-based carbon fibers in the pipe & tank industry.
“During the forecast period, the carbon fiber market in Europe is projected to register the highest CAGR.”
Europe dominated the global market for carbon fiber. Many manufacturers of carbon fiber and their products are present in the region. Germany held a significant share of the global carbon fiber market and is expected to grow significantly during the forecast period. The growing automotive and aerospace & defense are driving the growth of the carbon fiber market in this region.
This study has been validated through primary interviews conducted with various industry experts globally.
These primary sources have been divided into the following three categories:
•By Company Type- Tier 1- 35%, Tier 2- 25%, and Tier 3-40%
•By Designation- C Level- 35%, Director Level- 30%, and Others- 35%
•By Region- North America- 25%, Europe- 30%, Asia Pacific (APAC) - 30%, Latin America-5%, Middle East & Africa (MEA)-10%,
The report provides a comprehensive analysis of company profiles:
Toray Industries Inc., (Japan), DowAksa (Turkey), Mitsubishi Chemical corporation (Japan), Solvay (Belgium), Teijin Limited (Japan), SGL Carbon (Germany), Hexcel Corporation (US), Hyosung Advanced Materials (South Korea), Zhongfu Shenying Carbon Co., Ltd. (China), Formosa Plastics Corporation (Taiwan), Jiangsu Hengshen Co., Ltd. (China), and Jilin Chemical Fiber Group Co., Ltd. (China).
Research Coverage
This report covers the global carbon fiber market and forecasts the market size until 2032. It includes the following market segmentation- Carbon Fiber Market, By Raw Material Type (Pan, Pitch), By Fiber Type (Virgin, Recycled), By Modulus (Standard, Intermediate, High), By Product Type (Continuous, Long, Short), By Application (Composites, Non-Composites), By End-use Industry (Aerospace & Defense, Automotive, Wind Energy, Pipes & Tanks, Sporting Goods, and Others), By Region- Forecast to 2032. Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global carbon fiber market.
Key benefits of buying the report:
The report is expected to help market leaders/new entrants in this market in the following ways:
1.This report segments the global carbon fiber market comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
2.The report helps stakeholders understand the pulse of the carbon fiber market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3.This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, contract, expansion, and acquisition.
Reasons to buy the report:
The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall carbon fiber market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
1INTRODUCTION41
1.1STUDY OBJECTIVES41
1.2MARKET DEFINITION41
1.3INCLUSIONS AND EXCLUSIONS42
1.4MARKET SCOPE43
1.4.1CARBON FIBER MARKET SEGMENTATION43
1.4.2CARBON FIBER MARKET: REGIONAL SCOPE43
1.4.3YEARS CONSIDERED44
1.5CURRENCY CONSIDERED44
1.6UNIT CONSIDERED44
1.7LIMITATIONS44
1.8STAKEHOLDERS45
1.9SUMMARY OF CHANGES45
2RESEARCH METHODOLOGY46
2.1RESEARCH APPROACH46
FIGURE 1RESEARCH DESIGN47
2.1.1SECONDARY DATA48
2.1.2PRIMARY DATA48
2.2BASE NUMBER CALCULATION50
2.2.1APPR0ACH 1: SUPPLY-SIDE APPROACH50
2.2.2APPROACH 2: DEMAND-SIDE APPROACH50
2.3FORECAST NUMBER CALCULATION51
2.3.1SUPPLY SIDE51
2.3.2DEMAND SIDE51
2.4MARKET SIZE ESTIMATION51
2.4.1BOTTOM-UP APPROACH51
FIGURE 2BOTTOM-UP APPROACH52
2.4.2TOP-DOWN APPROACH52
FIGURE 3TOP-DOWN APPROACH52
2.5DATA TRIANGULATION52
FIGURE 4DATA TRIANGULATION53
2.6FACTOR ANALYSIS54
2.6.1IMPACT OF SLOWDOWN/ RECESSION54
2.7ASSUMPTIONS55
2.8LIMITATIONS & RISKS55
3EXECUTIVE SUMMARY56
FIGURE 5PAN-BASED SEGMENT TO LEAD CARBON FIBER MARKET BETWEEN 2022 AND 202756
FIGURE 6COMPOSITE APPLICATION DOMINATED CARBON FIBER MARKET IN 202157
FIGURE 7AEROSPACE & DEFENSE END-USE INDUSTRY DOMINATED CARBON FIBER MARKET IN 202157
FIGURE 8MARKET IN GERMANY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD58
FIGURE 9EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 202159
4PREMIUM INSIGHTS60
4.1CARBON FIBER MARKET SIZE, BY VOLUME60
FIGURE 10INCREASING DEMAND FROM AEROSPACE & DEFENSE INDUSTRY TO DRIVE CARBON FIBER MARKET60
4.2CARBON FIBER MARKET, BY RAW MATERIAL TYPE60
FIGURE 11PAN-BASED SEGMENT DOMINATED CARBON FIBER MARKET IN 202160
4.3CARBON FIBER MARKET, BY APPLICATION61
FIGURE 12COMPOSITE APPLICATION DOMINATED CARBON FIBER MARKET IN 202161
4.4CARBON FIBER MARKET, BY END-USE INDUSTRY61
FIGURE 13WIND ENERGY SEGMENT ACCOUNTED FOR LARGEST SHARE IN 202161
4.5CARBON FIBER MARKET GROWTH, BY KEY COUNTRIES62
FIGURE 14MARKET IN GERMANY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD62
5MARKET OVERVIEW63
5.1INTRODUCTION63
5.2MARKET DYNAMICS63
FIGURE 15DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CARBON FIBER MARKET63
5.2.1DRIVERS64
5.2.1.1Growing demand for manufacturing satellite parts64
5.2.1.2High demand from aerospace & defense industry64
5.2.1.3Stringent eco-friendly regulations to drive adoption of carbon fibers and related composites in automotive applications64
TABLE 1EUROPEAN UNION: CO2 EMISSION STANDARDS FOR NEW PASSENGER CARS (G/KM)65
5.2.1.4Significant benefits in wind energy industry65
TABLE 2NEW WIND POWER INSTALLATIONS, BY REGION (2020–2025)66
5.2.2RESTRAINTS67
5.2.2.1High cost of PAN-based carbon fiber67
5.2.2.2Decline in demand from luxury cars segment67
5.2.3OPPORTUNITIES67
5.2.3.1Increased investments for development of low-cost coal-based carbon fibers67
5.2.3.2Increasing demand for FCEVs67
TABLE 3NUMBER OF FCEVS, BY MAJOR COUNTRY/REGION, 201968
5.2.3.3Rising use of carbon fiber in 3D printing68
5.2.3.4Development of low-cost manufacturing processes such as plasma oxidation technology68
5.2.4CHALLENGES69
5.2.4.1Production of low-cost carbon fiber69
5.2.4.2Capital-intensive and complex manufacturing process of carbon fiber69
5.3PORTER’S FIVE FORCES ANALYSIS69
FIGURE 16PORTER’S FIVE FORCES ANALYSIS70
5.3.1BARGAINING POWER OF BUYERS70
5.3.2BARGAINING POWER OF SUPPLIERS71
5.3.3THREAT OF NEW ENTRANTS71
5.3.4THREAT OF SUBSTITUTES71
5.3.5INTENSITY OF COMPETITIVE RIVALRY71
TABLE 4PORTER’S FIVE FORCES ANALYSIS72
5.4SUPPLY CHAIN ANALYSIS72
TABLE 5COMPANIES AND THEIR ROLE IN ECOSYSTEM72
5.5PRICING ANALYSIS73
5.6AVERAGE SELLING PRICES OF KEY PLAYERS, BY APPLICATION73
FIGURE 17AVERAGE SELLING PRICES OF KEY PLAYERS FOR APPLICATIONS (USD/KG)73
TABLE 6AVERAGE SELLING PRICES OF KEY PLAYERS, BY APPLICATION (USD/KG)73
5.7AVERAGE SELLING PRICES, BY END-USE INDUSTRY74
FIGURE 18AVERAGE SELLING PRICES OF END-USE INDUSTRIES (USD/KG)74
5.8AVERAGE SELLING PRICES, BY RAW MATERIAL TYPE74
FIGURE 19AVERAGE SELLING PRICES BASED ON RAW MATERIAL TYPES (USD/KG)74
5.9AVERAGE SELLING PRICE75
TABLE 7CARBON FIBER AVERAGE SELLING PRICE, BY REGION75
5.10OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS75
TABLE 8CAGR (BY VALUE) UNDER OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS75
5.10.1OPTIMISTIC SCENARIO75
5.10.2PESSIMISTIC SCENARIO75
5.10.3REALISTIC SCENARIO75
5.11KEY STAKEHOLDERS & BUYING CRITERIA76
5.11.1KEY STAKEHOLDERS IN BUYING PROCESS76
FIGURE 20INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS76
TABLE 9INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS76
5.11.2BUYING CRITERIA77
FIGURE 21KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS77
TABLE 10KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS77
5.12TECHNOLOGY ANALYSIS78
5.13KEY CONFERENCES & EVENTS IN 2022-202379
TABLE 11DETAILED LIST OF CONFERENCES & EVENTS RELATED TO CARBON FIBER AND RELATED MARKETS79
5.14TRADE POLICIES AND TARIFF REGULATIONS FOR EXPORT/IMPORT80
5.14.1US80
5.14.2JAPAN80
5.14.3EUROPE81
5.14.4CHINA81
5.15ECOSYSTEM OF CARBON FIBER MARKET81
5.16VALUE CHAIN ANALYSIS82
FIGURE 22VALUE CHAIN ANALYSIS82
5.16.1RAW MATERIAL SELECTION82
5.17KEY MARKETS FOR IMPORTS/EXPORTS82
5.17.1JAPAN82
5.17.2US83
5.17.3GERMANY83
5.17.4UK83
5.17.5FRANCE83
5.17.6CHINA83
5.18CASE STUDY ANALYSIS84
5.19TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS84
5.20PATENT ANALYSIS85
5.20.1INTRODUCTION85
5.20.2METHODOLOGY85
5.20.3DOCUMENT TYPE85
TABLE 12PITCH-BASED CARBON FIBER MARKET: GLOBAL PATENTS85
FIGURE 23PATENTS REGISTERED FOR PITCH-BASED CARBON FIBER, 2011–202186
FIGURE 24GLOBAL PATENT PUBLICATION TREND ANALYSIS: LAST TEN YEARS86
5.20.4INSIGHTS86
5.20.5JURISDICTION ANALYSIS86
FIGURE 25GLOBAL JURISDICTION ANALYSIS87
5.20.6TOP APPLICANTS’ ANALYSIS87
FIGURE 26TEIJIN LTD. REGISTERED HIGHEST NUMBER OF PATENTS FROM 2011 TO 202187
TABLE 13LIST OF PATENTS BY TEIJIN LTD.88
TABLE 14LIST OF PATENTS BY HONEYWELL INC.89
TABLE 15LIST OF PATENTS BY HUNAN DONGYING CARBON MATERIAL TECH CO. LTD.89
TABLE 16LIST OF PATENTS BY OCI CO. LTD.90
5.20.7TOP 10 PATENT OWNERS (US) DURING LAST 11 YEARS90
6CARBON FIBER MARKET, BY RAW MATERIAL91
6.1INTRODUCTION92
FIGURE 27PAN-BASED CARBON FIBER MARKET TO REGISTER HIGHER GROWTH RATE92
TABLE 17CARBON FIBER MARKET SIZE, BY RAW MATERIAL, 2018–2021 (USD MILLION)92
TABLE 18CARBON FIBER MARKET SIZE, BY RAW MATERIAL, 2018–2021 (KILOTON)93
TABLE 19CARBON FIBER MARKET SIZE, BY RAW MATERIAL, 2022–2032 (USD MILLION)93
TABLE 20CARBON FIBER MARKET SIZE, BY RAW MATERIAL, 2022–2032 (KILOTON)93
6.2PAN-BASED CARBON FIBER94
6.2.1EXTENSIVE DEMAND FOR STRUCTURAL MATERIAL COMPOSITES TO DRIVE MARKET94
TABLE 21PAN-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)94
TABLE 22PAN-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)94
TABLE 23PAN-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (USD MILLION)94
TABLE 24PAN-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (KILOTON)94
TABLE 25PAN-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)95
TABLE 26PAN-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)95
TABLE 27PAN-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)96
TABLE 28PAN-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)96
6.2.2PAN-BASED CARBON FIBER MARKET SIZE, BY REGION97
TABLE 29PAN-BASED CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)97
TABLE 30PAN-BASED CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)97
TABLE 31PAN-BASED CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)98
TABLE 32PAN-BASED CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)98
6.3PITCH-BASED CARBON FIBER99
6.3.1WIDE USAGE IN SATELLITES, INDUSTRIAL, CIVIL ENGINEERING, AND SPORTS GOODS TO DRIVE MARKET99
6.3.2PETROLEUM-BASED PITCH CARBON FIBER99
6.3.3COAL-BASED PITCH CARBON FIBER99
TABLE 33PITCH-BASED CARBON FIBER MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION)99
TABLE 34PITCH-BASED CARBON FIBER MARKET SIZE, BY SOURCE, 2018–2021 (KILOTON)99
TABLE 35PITCH-BASED CARBON FIBER MARKET SIZE, BY SOURCE, 2022–2032 (USD MILLION)100
TABLE 36PITCH-BASED CARBON FIBER MARKET SIZE, BY SOURCE, 2022–2032 (KILOTON)100
TABLE 37PITCH-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)100
TABLE 38PITCH-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)101
TABLE 39PITCH-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (USD MILLION)101
TABLE 40PITCH-BASED CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (KILOTON)101
TABLE 41PITCH-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)102
TABLE 42PITCH-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)102
TABLE 43PITCH-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)102
TABLE 44PITCH-BASED CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)103
TABLE 45COAL-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)103
TABLE 46COAL-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)104
TABLE 47COAL-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)104
TABLE 48COAL-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)104
TABLE 49PETROLEUM-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)105
TABLE 50PETROLEUM-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)105
TABLE 51PETROLEUM-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)105
TABLE 52PETROLEUM-BASED PITCH CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)106
7CARBON FIBER MARKET, BY FIBER TYPE107
7.1INTRODUCTION108
7.2VIRGIN CARBON FIBER108
7.2.1HIGH LONG-TERM PERFORMANCE IN TERMS OF FATIGUE AND ENVIRONMENTAL EFFECTS TO DRIVE MARKET108
7.3RECYCLED CARBON FIBER108
7.3.1LOWER COST TO DRIVE MARKET108
FIGURE 28VIRGIN SEGMENT TO DOMINATE CARBON FIBER MARKET DURING FORECAST PERIOD109
TABLE 53CARBON FIBER MARKET SIZE, BY FIBER TYPE, 2018–2021 (USD MILLION)109
TABLE 54CARBON FIBER MARKET SIZE, BY FIBER TYPE, 2018–2021 (KILOTON)109
TABLE 55CARBON FIBER MARKET SIZE, BY FIBER TYPE, 2022–2032 (USD MILLION)110
TABLE 56CARBON FIBER MARKET SIZE, BY FIBER TYPE, 2022–2032 (KILOTON)110
8CARBON FIBER MARKET, BY MODULUS111
8.1INTRODUCTION112
8.2STANDARD MODULUS112
8.2.1USAGE ACROSS INDUSTRIES TO DRIVE MARKET112
8.3INTERMEDIATE MODULUS112
8.3.1DEMAND IN PRESSURE VESSELS, WIND TURBINE BLADES, AND AEROSPACE TO DRIVE MARKET112
8.4HIGH MODULUS112
8.4.1DEMAND FOR AEROSPACE APPLICATIONS TO DRIVE THE MARKET112
FIGURE 29STANDARD MODULUS SEGMENT TO LEAD CARBON FIBER MARKET DURING FORECAST PERIOD113
TABLE 57CARBON FIBER MARKET SIZE, BY MODULUS, 2018–2021 (USD MILLION)113
TABLE 58CARBON FIBER MARKET SIZE, BY MODULUS, 2018–2021 (KILOTON)113
TABLE 59CARBON FIBER MARKET SIZE, BY MODULUS, 2022–2032 (USD MILLION)113
TABLE 60CARBON FIBER MARKET SIZE, BY MODULUS, 2022–2032 (KILOTON)114
9CARBON FIBER MARKET, BY PRODUCT TYPE115
9.1INTRODUCTION116
FIGURE 30CONTINUOUS CARBON FIBER SEGMENT TO DOMINATE MARKET116
TABLE 61CARBON FIBER MARKET SIZE, BY PRODUCT TYPE, 2018–2021 (USD MILLION)116
TABLE 62CARBON FIBER MARKET SIZE, BY PRODUCT TYPE, 2018–2021 (KILOTON)116
TABLE 63CARBON FIBER MARKET SIZE, BY PRODUCT TYPE, 2022–2032 (USD MILLION)117
TABLE 64CARBON FIBER MARKET SIZE, BY PRODUCT TYPE, 2022–2032 (KILOTON)117
9.2CONTINUOUS CARBON FIBER118
9.2.1DEMAND FOR HIGHER TENSILE STRENGTH TO DRIVE MARKET118
FIGURE 31EUROPE TO BE LARGEST MARKET FOR CONTINUOUS CARBON FIBER SEGMENT118
TABLE 65CONTINUOUS CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)118
TABLE 66CONTINUOUS CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)119
TABLE 67CONTINUOUS CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)119
TABLE 68CONTINUOUS CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)119
9.3LONG CARBON FIBER120
9.3.1DEMAND FOR SPORTS GOODS TO DRIVE THE MARKET120
TABLE 69LONG CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)120
TABLE 70LONG CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)120
TABLE 71LONG CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)121
TABLE 72LONG CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)121
9.4SHORT CARBON FIBER121
9.4.1DEMAND FOR INJECTION MOLDING TO DRIVE MARKET121
TABLE 73SHORT CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)122
TABLE 74SHORT CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)122
TABLE 75SHORT CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)122
TABLE 76SHORT CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)123
10CARBON FIBER MARKET, BY APPLICATION124
10.1INTRODUCTION125
FIGURE 32COMPOSITES TO BE LARGER APPLICATION OF CARBON FIBER125
TABLE 77CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)125
TABLE 78CARBON FIBER MARKET SIZE, BY APPLICATION, 2018–2021 (KILOTON)125
TABLE 79CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (USD MILLION)126
TABLE 80CARBON FIBER MARKET SIZE, BY APPLICATION, 2022–2032 (KILOTON)126
10.2COMPOSITES126
10.2.1EXCELLENT STRENGTH, RIGIDITY, AND SUPERIOR TENSILE STRENGTH TO DRIVE MARKET126
10.2.2PREPREG127
10.2.3MOLDING COMPOUNDS127
10.2.4WOVEN FABRIC127
TABLE 81COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2018–2021 (USD MILLION)127
TABLE 82COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2018–2021 (KILOTON)127
TABLE 83COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2022–2032 (USD MILLION)128
TABLE 84COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2022–2032 (KILOTON)128
TABLE 85COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)128
TABLE 86COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)129
TABLE 87COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)129
TABLE 88COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)129
10.3NON-COMPOSITES130
10.3.1DEMAND FOR ELECTRIC VEHICLES AND 3D PRINTING TO DRIVE MARKET130
TABLE 89NON-COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2018–2021 (USD MILLION)130
TABLE 90NON-COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2018–2021 (KILOTON)130
TABLE 91NON-COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2022–2032 (USD MILLION)130
TABLE 92NON-COMPOSITES: CARBON FIBER MARKET, BY RAW MATERIAL TYPE, 2022–2032 (KILOTON)131
TABLE 93NON-COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)131
TABLE 94NON-COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)131
TABLE 95NON-COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)132
TABLE 96NON-COMPOSITES: CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)132
11CARBON FIBER MARKET, BY END-USE INDUSTRY133
11.1INTRODUCTION134
FIGURE 33CARBON FIBER MARKET TO WITNESS HIGHEST GROWTH IN PIPE & TANK INDUSTRY BETWEEN 2022 AND 2027134
TABLE 97CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)134
TABLE 98CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)135
TABLE 99CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)135
TABLE 100CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)136
11.2AEROSPACE & DEFENSE137
11.2.1LOWER SUSCEPTIBILITY TO FATIGUE AND CORROSION TO DRIVE MARKET137
TABLE 101NUMBER OF NEW COMMERCIAL AIRPLANE DELIVERIES, BY REGION (2019–2038)137
FIGURE 34EUROPE TO DRIVE CARBON FIBER MARKET IN AEROSPACE & DEFENSE INDUSTRY138
TABLE 102CARBON FIBER MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2018–2021 (USD MILLION)138
TABLE 103CARBON FIBER MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2018–2021 (KILOTON)139
TABLE 104CARBON FIBER MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2022–2032 (USD MILLION)139
TABLE 105CARBON FIBER MARKET SIZE IN AEROSPACE & DEFENSE, BY REGION, 2022–2032 (KILOTON)139
11.3WIND ENERGY140
11.3.1HIGH STIFFNESS AND STRENGTH AND WEIGHT REDUCTION TO DRIVE MARKET140
FIGURE 35ASIA PACIFIC FASTEST-GROWING MARKET IN WIND ENERGY INDUSTRY140
TABLE 106CARBON FIBER MARKET SIZE IN WIND ENERGY, BY REGION, 2018–2021 (USD MILLION)141
TABLE 107CARBON FIBER MARKET SIZE IN WIND ENERGY, BY REGION, 2018–2021 (KILOTON)141
TABLE 108CARBON FIBER MARKET SIZE IN WIND ENERGY, BY REGION, 2022–2032 (USD MILLION)141
TABLE 109CARBON FIBER MARKET SIZE IN WIND ENERGY, BY REGION, 2022–2032 (KILOTON)142
11.4AUTOMOTIVE142
11.4.1WEIGHT REDUCTION AND INCREASING EFFICIENCY TO DRIVE MARKET142
TABLE 110COST BENEFITS OF CARBON FIBER COMPOSITE COMPONENTS VS. STEEL COMPONENTS143
11.4.2INTERIOR COMPONENTS144
11.4.3EXTERIOR COMPONENTS144
FIGURE 36EUROPE TO LEAD CARBON FIBER MARKET IN AUTOMOTIVE INDUSTRY144
TABLE 111CARBON FIBER MARKET SIZE IN AUTOMOTIVE, BY REGION, 2018–2021 (USD MILLION)144
TABLE 112CARBON FIBER MARKET SIZE IN AUTOMOTIVE, BY REGION, 2018–2021 (KILOTON)145
TABLE 113CARBON FIBER MARKET SIZE IN AUTOMOTIVE, BY REGION, 2022–2032 (USD MILLION)145
TABLE 114CARBON FIBER MARKET SIZE IN AUTOMOTIVE, BY REGION, 2022–2032 (KILOTON)145
11.5PIPE & TANK146
11.5.1ANTI-CORROSION AND LIGHTWEIGHT PROPERTIES TO DRIVE MARKET146
FIGURE 37NORTH AMERICA TO DOMINATE CARBON FIBER MARKET IN PIPE & TANK INDUSTRY146
TABLE 115CARBON FIBER MARKET SIZE IN PIPE & TANK, BY REGION, 2018–2021 (USD MILLION)147
TABLE 116CARBON FIBER MARKET SIZE IN PIPE & TANK, BY REGION, 2018–2021 (KILOTON)147
TABLE 117CARBON FIBER MARKET SIZE IN PIPE & TANK, BY REGION, 2022–2032 (USD MILLION)147
TABLE 118CARBON FIBER MARKET SIZE IN PIPE & TANK, BY REGION, 2022–2032 (KILOTON)148
11.6SPORTS GOODS148
11.6.1GOOD DESIGN FLEXIBILITY, EASY PROCESSING, AND FORMING CHARACTERISTICS TO DRIVE MARKET148
FIGURE 38ASIA PACIFIC TO DOMINATE CARBON FIBER MARKET IN SPORTS GOODS INDUSTRY149
TABLE 119CARBON FIBER MARKET SIZE IN SPORTS GOODS, BY REGION, 2018–2021 (USD MILLION)149
TABLE 120CARBON FIBER MARKET SIZE IN SPORTS GOODS, BY REGION, 2018–2021 (KILOTON)149
TABLE 121CARBON FIBER MARKET SIZE IN SPORTS GOODS, BY REGION, 2022–2032 (USD MILLION)150
TABLE 122CARBON FIBER MARKET SIZE IN SPORTS GOODS, BY REGION, 2022–2032 (KILOTON)150
11.7CIVIL ENGINEERING151
11.7.1DEMAND FOR STRENGTHENING STRUCTURES TO DRIVE MARKET151
FIGURE 39NORTH AMERICA TO LEAD CARBON FIBER MARKET IN CIVIL ENGINEERING INDUSTRY151
TABLE 123CARBON FIBER MARKET SIZE IN CIVIL ENGINEERING, BY REGION, 2018–2021 (USD MILLION)151
TABLE 124CARBON FIBER MARKET SIZE IN CIVIL ENGINEERING, BY REGION, 2018–2021 (KILOTON)152
TABLE 125CARBON FIBER MARKET SIZE IN CIVIL ENGINEERING, BY REGION, 2022–2032 (USD MILLION)152
TABLE 126CARBON FIBER MARKET SIZE IN CIVIL ENGINEERING, BY REGION, 2022–2032 (KILOTON)152
11.8ELECTRICAL & ELECTRONICS153
11.8.1SUPERIOR MECHANICAL PROPERTIES TO DRIVE MARKET153
FIGURE 40ASIA PACIFIC TO LEAD CARBON FIBER MARKET IN ELECTRICAL & ELECTRONICS INDUSTRY153
TABLE 127CARBON FIBER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2018–2021 (USD MILLION)153
TABLE 128CARBON FIBER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2018–2021 (KILOTON)154
TABLE 129CARBON FIBER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2022–2032 (USD MILLION)154
TABLE 130CARBON FIBER MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2022–2032 (KILOTON)154
11.9MARINE155
11.9.1SUSTENANCE UNDER EXTREME ENVIRONMENTAL CONDITIONS TO DRIVE MARKET155
FIGURE 41NORTH AMERICA TO LEAD CARBON FIBER MARKET IN MARINE INDUSTRY155
TABLE 131CARBON FIBER MARKET SIZE IN MARINE, BY REGION, 2018–2021 (USD MILLION)155
TABLE 132CARBON FIBER MARKET SIZE IN MARINE, BY REGION, 2018–2021 (KILOTON)156
TABLE 133CARBON FIBER MARKET SIZE IN MARINE, BY REGION, 2022–2032 (USD MILLION)156
TABLE 134CARBON FIBER MARKET SIZE IN MARINE, BY REGION, 2022–2032 (KILOTON)156
11.10OTHER END-USE INDUSTRIES157
11.10.1MEDICAL157
11.10.2OIL & GAS157
11.10.33D PRINTING157
11.10.4HIGH-SPEED & METRO TRAINS157
11.10.5ELECTRODES FOR BATTERIES157
11.10.6CATALYSIS157
11.10.7INDUSTRIAL EQUIPMENT158
11.10.8CHEMICAL158
11.10.9THERMAL MANAGEMENT158
FIGURE 42EUROPE TO LEAD CARBON FIBER MARKET IN OTHER END-USE INDUSTRIES158
11.10.9.1Carbon fiber market size in other end-use industries, by region159
TABLE 135CARBON FIBER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2021 (USD MILLION)159
TABLE 136CARBON FIBER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2018–2021 (KILOTON)159
TABLE 137CARBON FIBER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2022–2032 (USD MILLION)159
TABLE 138CARBON FIBER MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2022–2032 (KILOTON)160
12CARBON FIBER MARKET, BY REGION161
12.1INTRODUCTION162
TABLE 139CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)162
TABLE 140CARBON FIBER MARKET SIZE, BY REGION, 2018–2021 (KILOTON)163
TABLE 141CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (USD MILLION)163
TABLE 142CARBON FIBER MARKET SIZE, BY REGION, 2022–2032 (KILOTON)163
12.2EUROPE164
FIGURE 44EUROPE: CARBON FIBER MARKET SNAPSHOT165
12.2.1EUROPE: CARBON FIBER MARKET, BY END-USE INDUSTRY166
TABLE 143EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)166
TABLE 144EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)166
TABLE 145EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)167
TABLE 146EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)167
12.2.2EUROPE: CARBON FIBER MARKET, BY COUNTRY168
TABLE 147EUROPE: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)168
TABLE 148EUROPE: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)169
TABLE 149EUROPE: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (USD MILLION)169
TABLE 150EUROPE: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (KILOTON)169
12.2.2.1Germany170
12.2.2.1.1Aerospace and automotive industries to drive market170
TABLE 151GERMANY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)170
TABLE 152GERMANY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)171
TABLE 153GERMANY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)171
TABLE 154GERMANY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)172
12.2.2.2France173
12.2.2.2.1Major aircraft manufacturers to drive market173
TABLE 155FRANCE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)173
TABLE 156FRANCE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)173
TABLE 157FRANCE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)174
TABLE 158FRANCE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)174
12.2.2.3UK175
12.2.2.3.1Automotive sector to drive market175
TABLE 159UK: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)175
TABLE 160UK: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)176
TABLE 161UK: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)176
TABLE 162UK: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)177
12.2.2.4Italy178
12.2.2.4.1Growth of end-use industries to drive market178
TABLE 163ITALY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)178
TABLE 164ITALY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)178
TABLE 165ITALY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)179
TABLE 166ITALY: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)179
12.2.2.5Spain180
12.2.2.5.1Demand from aerospace industry to drive market180
TABLE 167SPAIN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)180
TABLE 168SPAIN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)181
TABLE 169SPAIN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)181
TABLE 170SPAIN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)182
12.2.2.6Rest of Europe183
TABLE 171REST OF EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)183
TABLE 172REST OF EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)183
TABLE 173REST OF EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)184
TABLE 174REST OF EUROPE: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)184
12.3NORTH AMERICA185
FIGURE 45NORTH AMERICA: CARBON FIBER MARKET SNAPSHOT185
12.3.1NORTH AMERICA: CARBON FIBER MARKET, BY END-USE INDUSTRY186
TABLE 175NORTH AMERICA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)186
TABLE 176NORTH AMERICA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)186
TABLE 177NORTH AMERICA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)187
TABLE 178NORTH AMERICA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)187
12.3.2NORTH AMERICA: CARBON FIBER MARKET, BY COUNTRY188
TABLE 179NORTH AMERICA: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)188
TABLE 180NORTH AMERICA: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)188
TABLE 181NORTH AMERICA: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (USD MILLION)188
TABLE 182NORTH AMERICA: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (KILOTON)188
12.3.2.1US189
12.3.2.1.1Established industries to drive market189
TABLE 183US: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)189
TABLE 184US: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)190
TABLE 185US: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)190
TABLE 186US: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)191
12.3.2.2Canada192
12.3.2.2.1Major integrators to drive market192
TABLE 187CANADA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)192
TABLE 188CANADA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)193
TABLE 189CANADA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)193
TABLE 190CANADA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)194
12.4ASIA PACIFIC194
FIGURE 46ASIA PACIFIC: CARBON FIBER MARKET SNAPSHOT195
12.4.1ASIA PACIFIC: CARBON FIBER MARKET, BY END-USE INDUSTRY196
TABLE 191ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)196
TABLE 192ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)196
TABLE 193ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)197
TABLE 194ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)197
12.4.2ASIA PACIFIC: CARBON FIBER MARKET, BY COUNTRY198
TABLE 195ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (USD MILLION)198
TABLE 196ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY COUNTRY, 2018–2021 (KILOTON)198
TABLE 197ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (USD MILLION)199
TABLE 198ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY COUNTRY, 2022–2032 (KILOTON)199
12.4.2.1Japan200
12.4.2.1.1Leading manufacturers to drive market200
TABLE 199JAPAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)200
TABLE 200JAPAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)201
TABLE 201JAPAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)201
TABLE 202JAPAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)202
12.4.2.2China203
12.4.2.2.1Sports goods and wind energy industries to drive market203
TABLE 203CHINA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)203
TABLE 204CHINA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)204
TABLE 205CHINA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)204
TABLE 206CHINA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)205
12.4.2.3Taiwan206
12.4.2.3.1Growing electrical & electronics industry to drive market206
TABLE 207TAIWAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)206
TABLE 208TAIWAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)206
TABLE 209TAIWAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)207
TABLE 210TAIWAN: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)207
12.4.2.4South Korea208
12.4.2.4.1Significantly growing automotive industry to drive market208
TABLE 211SOUTH KOREA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)208
TABLE 212SOUTH KOREA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)209
TABLE 213SOUTH KOREA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)209
TABLE 214SOUTH KOREA: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)210
12.4.2.5Rest of Asia Pacific210
TABLE 215REST OF ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)211
TABLE 216REST OF ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (KILOTON)211
TABLE 217REST OF ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (USD MILLION)212
TABLE 218REST OF ASIA PACIFIC: CARBON FIBER MARKET SIZE, BY END-USE INDUSTRY, 2022–2032 (KILOTON)212
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