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Published Date: 2014-09-12Number of Pages: 96

Carbon Fiber Market (PAN-based, Pitch-based and Others) for Wind Energy, Automotive, Aerospace and Defense, Sports, Construction and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

 

The rapid development in the retail sporting goods market is driving the global market for carbon fiber to a great extent. During the period between 2014 and 2020, the wind energy market anticipated to exhibit increased demand for carbon fiber. Additionally, the rising demand from the aerospace industry is also likely to boost the global carbon fiber market over the forecast period.

The global carbon fiber market is mainly analyzed on three fronts: products, end users, and regions. On the basis of products, the worldwide carbon fiber market is segmented into the markets for pitch-based carbon fiber, PAN-based carbon fiber, and others such rayon-based carbon fiber.

The automotive industry, wind energy industry, aerospace and defense sector, construction sector, sports industry, and other markets such as the marine industry are the main end users of carbon fiber. Regionally, the global carbon fiber market is spread across North America, Asia Pacific, Europe, and the Rest of the World.

This research report on the global carbon fiber market has been prepared with an objective to provide market participants a comprehensive overview of the global carbon fiber market. It gives established players as well as new market entrants access to an executive-level blueprint of the market. Information included in the report aims to help them make rewarding strategies for business expansion.

Overview of the global carbon fiber market 
According to the report, in 2013, the global carbon fiber market stood at US$1.9 bn. Aided by the increasing demand for carbon fiber from the global automotive industry, this market is likely to expand at a CAGR of 9.90% between 2014 and 2020 and reach US$3.7 bn by the end of the forecast period.

The market for PAN-based carbon fibers held the leading position in 2013, accounting for 85% of the overall carbon fiber market. The market segment is likely to maintain its leading position throughout the forecast period.

Wind energy emerged as the biggest end user for carbon fiber in 2013, accounting for over 24%, of the overall carbon fiber market. However, the automotive industry is expected to register the fastest rise in demand for carbon fiber among all the end users during the forecast period.

Europe, among all the regional markets, accounted for over 37% of the global market, acquiring the leading position in 2013. During the forecast period, the Asia Pacific carbon fiber market is anticipated to report the fastest growth in the global market. In addition, the North America carbon fiber market is projected to experience a decent growth in the same time period.

The report also discusses the challenges faced by the global carbon fiber market, the most significant of which are the high cost of carbon fiber and complexity associated with recycling the carbon fiber components. These factors are expected to hamper the growth of this market during the forecast period.

Companies mentioned in the research report 

Toray Industries Inc., Teijin Ltd., Hexcel Corp., Mitsubishi Rayon Co. Ltd., SGL Group - The Carbon Company, Zoltek Companies Inc., Kureha Corp., Formosa Plastics Corp., Cytec Industries Inc., DowAksa, Kemrock Industries and Exports Ltd. are the major international carbon fiber manufacturers mentioned in this report.

Key segments of the global carbon fiber market

By Product

  • PAN-based
  • Pitch-based
  • Others (including rayon-based, etc.)

By End User

  • Wind Energy
  • Automotive
  • Aerospace and Defense
  • Sports
  • Construction
  • Others (including marine, etc.)

Major regions analyzed under this research report are: 

  • Europe
  • North America 
  • Asia Pacific 
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segment

 

Chapter 1 Preface

1.1 Report description

1.2 Market segmentation

      1.2.1 Global carbon fiber market segmentation, product segment, end-user, and region

1.3 Research scope

      1.3.1 Assumptions

1.4 Research methodology

 

Chapter 2 Executive Summary

2.1 Global carbon fiber market, 2013 - 2020 (Kilo Tons) (USD Million)

 

Chapter 3 Carbon Fiber – Industry Analysis

3.1 Introduction

3.2 Value chain analysis

3.3 Market drivers

      3.3.1 Growing retail sporting goods market expected to drive the carbon fiber market

               3.3.1.1 Global retail sporting goods market revenue, 2013 – 2020 (USD Billion)

      3.3.2 Emerging wind energy applications predicted to propel the carbon fiber market

               3.3.2.1 Global cumulative installed wind capacity, 2013 – 2020 (MW)

      3.3.3 Increasing demand from aerospace industry projected to boost the carbon fiber market

               3.3.3.1 Global large commercial aircraft delivery, 2013 – 2020 (Aircraft Units)

3.4 Restraints

      3.4.1 Higher price of carbon fiber anticipated to hamper the growth of carbon fiber market

               3.4.1.1 Cost of Carbon Fiber in various sectors in 2013 (USD/Kg)

      3.4.2 Difficulty in recycling of carbon fiber components expected to act as a restraint for carbon fiber market

3.5 Opportunities

      3.5.1 Growth in automobile sector anticipated to offer lucrative opportunity to the carbon fiber market

               3.5.1.1 Global automotive market (cars and commercial vehicles) volume, 2013 – 2020 (Million Units)

      3.5.2 Growing construction sector expected to offer significant opportunity to the carbon fiber market

               3.5.2.1 Global construction market revenue, 2013 – 2020 (USD Billion)

3.6 Porter’s five forces analysis

      3.6.1 Bargaining power of suppliers

      3.6.2 Bargaining power of buyers

      3.6.3 Threat from new entrants

      3.6.4 Threat from substitutes

      3.6.5 Degree of competition

3.7 Market attractiveness analysis

      3.7.1 Global carbon fiber market attractiveness, by end-user, 2013

3.8 Company market share analysis

      3.8.1 Global carbon fiber market share, by company, 2013

 

Chapter 4 Global Carbon Fiber Market– Product Segment Analysis

4.1 Global carbon fiber market: Industry analysis by product segment

      4.1.1 Global carbon fiber market volumes share, by product segment, 2013 and 2020

4.2 Global carbon fiber market, by product segment, 2013 – 2020

      4.2.1 PAN-based carbon fiber

               4.2.1.1 Global carbon fiber market for PAN-based carbon fiber, 2013 - 2020 (Kilo Kilo Tons) (USD Million)

      4.2.2 Pitch-based carbon fiber

               4.2.2.1 Global carbon fiber market for pitch-based carbon fiber, 2013 - 2020 (Kilo Tons) (USD Million)

      4.2.3 Others (including rayon-based, polyolefin-based, etc.)

               4.2.3.1 Global carbon fiber market for other product segments, 2013 - 2020 (Kilo Tons) (USD Million)

 

Chapter 5 Global Carbon Fiber Market – End-user Analysis

5.1 Global carbon fiber market: Industry analysis by end-user

      5.1.1 Global carbon fiber market volume share, by end-user, 2013 and 2020

      5.1.2 Wind energy

               5.1.2.1 Global carbon fiber market for wind energy, 2013 - 2020 (Kilo Tons) (USD Million)

      5.1.3 Automotive

               5.1.3.1 Global carbon fiber market for automotive, 2013 - 2020 (Kilo Tons) (USD Million)

      5.1.4 Aerospace and defense

               5.1.4.1 Global carbon fiber market for aerospace and defense, 2013 - 2020 (Kilo Tons) (USD Million)

      5.1.5 Sports

               5.1.5.1 Global carbon fiber market for sports, 2013 - 2020 (Kilo Tons) (USD Million)

      5.1.6 Construction

               5.1.6.1 Global carbon fiber market for construction, 2013 - 2020 (Kilo Tons) (USD Million)

      5.1.7 Others (including marine, electronics, etc.)

               5.1.7.1 Global carbon fiber market for other end-users, 2013 - 2020 (Kilo Tons) (USD Million)

 

Chapter 6 Global Carbon Fiber Market - Regional Analysis

6.1 Global carbon fiber market: Regional overview

      6.1.1 Global carbon fiber market volume share, by region, 2013 and 2020

6.2 North America

      6.2.1 North America carbon fiber market volume, by product segment, 2013 - 2020 (Kilo Tons)

      6.2.2 North America carbon fiber market revenue, by product segment, 2013 - 2020 (USD Million)

      6.2.3 North America carbon fiber market volume, by end-user, 2013 - 2020 (Kilo Tons)

      6.2.4 North America carbon fiber market revenue, by end-user, 2013 - 2020 (USD Million)

6.3 Europe

      6.3.1 Europe carbon fiber market volume, by product segment, 2013 - 2020 (Kilo Tons)

      6.3.2 Europe carbon fiber market revenue, by product segment, 2013 - 2020 (USD Million)

      6.3.3 Europe carbon fiber market volume, by end-user, 2013 - 2020 (Kilo Tons)

      6.3.4 Europe carbon fiber market revenue, by end-user, 2013 - 2020 (USD Million)

6.4 Asia Pacific

      6.4.1 Asia Pacific carbon fiber market volume, by product segment, 2013 - 2020 (Kilo Tons)

      6.4.2 Asia Pacific carbon fiber market revenue, by product segment, 2013 - 2020 (USD Million)

      6.4.3 Asia Pacific carbon fiber market volume, by end-user, 2013 - 2020 (Kilo Tons)

      6.4.4 Asia Pacific carbon fiber market revenue, by end-user, 2013 - 2020 (USD Million)

6.5 RoW

      6.5.1 RoW carbon fiber market volume, by product segment, 2013 - 2020 (Kilo Tons)

      6.5.2 RoW carbon fiber market revenue, by product segment, 2013 - 2020 (USD Million)

      6.5.3 RoW carbon fiber market volume, by end-user, 2013 - 2020 (Kilo Tons)

      6.5.4 RoW carbon fiber market revenue, by end-user, 2013 - 2020 (USD Million)

 

Chapter 7 Company Profiles

7.1 Toray Industries, Inc.

      7.1.1 Company overview

      7.1.2 Product portfolio

      7.1.3 Financial overview

      7.1.4 Business strategy

      7.1.5 Recent developments

7.2 Hexcel Corporation

      7.2.1 Company overview

      7.2.2 Product portfolio

      7.2.3 Financial overview

      7.2.4 Business strategy

      7.2.5 Recent developments

7.3 Teijin Ltd.

      7.3.1 Company overview

      7.3.2 Product portfolio

      7.3.3 Financial overview

      7.3.4 Business strategy

      7.3.5 Recent developments

7.4 Mitsubishi Rayon Co., Ltd.

      7.4.1 Company overview

      7.4.2 Product portfolio

      7.4.3 Financial overview

      7.4.4 Business strategy

      7.4.5 Recent developments

7.5 Zoltek Companies, Inc.

      7.5.1 Company overview

      7.5.2 Product portfolio

      7.5.3 Financial overview

      7.5.4 Business strategy

      7.5.5 Recent developments

7.6 SGL Group – The Carbon Company

      7.6.1 Company overview

      7.6.2 Product portfolio

      7.6.3 Financial overview

      7.6.4 Business strategy

      7.6.5 Recent developments

7.7 Kureha Corporation

      7.7.1 Company overview

      7.7.2 Product portfolio

      7.7.3 Financial overview

      7.7.4 Business strategy

7.8 Cytec Industries, Inc.

      7.8.1 Company overview

      7.8.2 Product portfolio

      7.8.3 Financial overview

      7.8.4 Business strategy

      7.8.5 Recent developments

7.9 Formosa Plastics Corporation

      7.9.1 Company overview

      7.9.2 Product portfolio

      7.9.3 Financial overview

      7.9.4 Business strategy

7.10 Kemrock Industries and Exports Ltd.

      7.10.1 Company overview

      7.10.2 Product portfolio

      7.10.3 Financial overview

      7.10.4 Business strategy

      7.10.5 Recent development

7.11 DowAksa

      7.11.1 Company overview

      7.11.2 Product portfolio

      7.11.3 Business strategy

      7.11.4 Recent development

List of Figures 

 

FIG. 1 Global carbon fiber market segmentation, product segment, end-user, and region

FIG. 2 Global carbon fiber market, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 3 Carbon fiber : Value chain analysis

FIG. 4 Global retail sporting goods market revenue, 2013 – 2020 (USD Billion)

FIG. 5 Cost breakdown of offshore wind farm

FIG. 6 Global cumulative installed wind capacity, 2013 – 2020 (MW)

FIG. 7 Global large commercial aircraft delivery, 2013 – 2020 (Aircraft Units)

FIG. 8 Price comparison of different materials in 2013 (USD)

FIG. 9 Cost of Carbon Fiber in various sectors in 2013 (USD/Kg)

FIG. 10 Global Automobile Units, 2013 – 2020 (Million Units)

FIG. 11 Global construction market revenue, 2013 – 2020 (USD Billion)

FIG. 12 Porter’s five forces analysis for carbon fiber market

FIG. 13 Carbon fiber: Market attractiveness analysis

FIG. 14 Global carbon fiber market share, by company, 2013

FIG. 15 Global carbon fiber market volumes share, by product segment, 2013 and 2020

FIG. 16 Global carbon fiber market for PAN-based carbon fiber, 2013 - 2020 (Kilo Kilo Tons) (USD Million)

FIG. 17 Global carbon fiber market for pitch-based carbon fiber, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 18 Global carbon fiber market for other product segments, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 19 Global carbon fiber market volume share, by end-user, 2013 and 2020

FIG. 20 Global carbon fiber market for wind energy, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 21 Global carbon fiber market for automotive, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 22 Global carbon fiber market for aerospace and defense, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 23 Global carbon fiber market for sports, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 24 Global carbon fiber market for construction, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 25 Global carbon fiber market for other end-users, 2013 - 2020 (Kilo Tons) (USD Million)

FIG. 26 Global carbon fiber market volume share, by region, 2013 and 2020

List of Tables

 

TABLE 1 Global carbon fiber market: Snapshot

TABLE 2 Drivers for carbon fiber market: Impact analysis

TABLE 3 Restraints for carbon fiber market: Impact analysis

TABLE 4 North America carbon fiber market volume, by product segment, 2013 - 2020 (Kilo Tons)

TABLE 5 North America carbon fiber market revenue, by product segment, 2013 - 2020 (USD Million)

TABLE 6 North America carbon fiber market volume, by end-user, 2013 - 2020 (Kilo Tons)

TABLE 7 North America carbon fiber market revenue, by end-user, 2013 - 2020 (USD Million)

TABLE 8 Europe carbon fiber market volume, by product segment, 2013 - 2020 (Kilo Tons)

TABLE 9 Europe carbon fiber market revenue, by product segment, 2013 - 2020 (USD Million)

TABLE 10 Europe carbon fiber market volume, by end-user, 2013 - 2020 (Kilo Tons)

TABLE 11 Europe carbon fiber market revenue, by end-user, 2013 - 2020 (USD Million)

TABLE 12 Asia Pacific carbon fiber market volume, by product segment, 2013 - 2020 (Kilo Tons)

TABLE 13 Asia Pacific carbon fiber market revenue, by product segment, 2013 - 2020 (USD Million)

TABLE 14 Asia Pacific carbon fiber market volume, by end-user, 2013 - 2020 (Kilo Tons)

TABLE 15 Asia Pacific carbon fiber market revenue, by end-user, 2013 - 2020 (USD Million)

TABLE 16 RoW carbon fiber market volume, by product segment, 2013 - 2020 (Kilo Tons)

TABLE 17 RoW carbon fiber market revenue, by product segment, 2013 - 2020 (USD Million)

TABLE 18 RoW carbon fiber market volume, by end-user, 2013 - 2020 (Kilo Tons)

TABLE 19 RoW carbon fiber market revenue, by end-user, 2013 - 2020 (USD Million)

Carbon fibers are fibers produced from carbon that are used in the manufacture of lightweight and durable components in a wide range of industrial applications. Several types of carbon fibers are produced around the world. These include polyacrylonitrile (PAN) based, pitch-based, rayon-based and others. PAN-based carbon fibers and pitch-based carbon fibers are the key product segments of the global carbon fiber market. Components made from carbon fibers and their composites are utilized in several end-user industries such as wind energy, automotive, aerospace, sports goods, construction and others (including marine and electronics applications). Wind energy and aerospace and defense are the key end-user industries in the global carbon fiber market. In terms of revenue, the global carbon fiber market was valued at USD 1.94 billion in 2013 and is projected to reach USD 3.73 billion by 2020, expanding at a CAGR of 9.9% from 2014 to 2020. 

 

The PAN-based carbon fibers segment accounted for over 85% share of the global carbon fiber market in 2013. The others segment is expected to be the fastest growing segment of the global carbon fiber market in the next few years. Due to exceptional structural properties, the demand for PAN-based carbon fibers is anticipated to increase in the next few years. Increasing demand for PAN-based carbon fibers from different end-users is likely to have a positive impact on the global carbon fiber market in the next few years.

 

Wind energy, which accounted for more than 24%, was the largest end-user segment of the global carbon fiber market in 2013. Automotive is expected to be the fastest growing end-user segment of the global carbon fiber market in the next six years. Growing demand from sporting goods, wind energy and aerospace and defense industries is expected to drive the global carbon fiber market in the next six years. 

 

The global carbon fiber market is segmented based on regions. Europe, which accounted for more than 37%, was the largest regional market for carbon fiber in 2013. Growing demand from end-user industries such as wind energy, aerospace and defense and automotive is projected to drive the carbon fiber market in Europe in the future. Asia Pacific is expected to be the fastest growing regional market in the global carbon fiber market in the next few years. Rising demand for carbon fiber and their composites from emerging countries in Asia such as India and China is expected to drive the carbon fiber market in Asia Pacific in the next few years. The carbon fiber market in North America is anticipated to witness decent growth in the next six years owing to the strong recovery of the U.S. economy. Furthermore, the carbon fiber market in the RoW region is expected to record significant growth in the next few years, due to rising demand for carbon fiber from Latin America and the Middle East.

 

Increasing demand for carbon fiber from rapidly growing end-user industries such as wind energy, aerospace and defense and sporting goods is expected to drive the global carbon fiber market in the next few years. Furthermore, rising demand for lightweight and durable carbon fiber components in the end-user industries such as automotive and construction industries is predicted to act as a lucrative opportunity for the carbon fiber market in the next few years. However, higher price and recycling issues of carbon fiber may hamper the growth of the carbon fiber market in the next six years. Major manufacturers of carbon fiber include Toray Industries, Teijin Ltd, Hexcel Corporation, Cytec Industries, Mitsubishi Rayon Co., Ltd. and others. 


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