Product Code: PMRREP33623
Persistence Market Research has recently released a comprehensive report on the worldwide market for carbon fiber composites. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.
Key Insights:
- Carbon Fiber Composites Market Size (2024E): USD 22.6 Billion
- Projected Market Value (2031F): USD 35.9 Billion
- Global Market Growth Rate (CAGR 2024 to 2031): 6.80%
Carbon Fiber Composites Market - Report Scope:
Carbon fiber composites play a pivotal role in various industries, including aerospace, automotive, sports equipment, and renewable energy sectors. These materials offer exceptional strength-to-weight ratios and corrosion resistance, making them ideal for applications requiring lightweight and durable components.
Market growth is driven by increasing demand for fuel-efficient vehicles, advancements in aerospace technologies, and expanding applications in wind turbine blades and construction materials. The market caters to diverse industries, offering a range of carbon fiber types, including PAN-based and pitch-based composites, each tailored to specific performance requirements.
Market Growth Drivers:
The global carbon fiber composites market is propelled by several key factors, including the growing adoption of lightweight materials to improve vehicle fuel efficiency and reduce emissions. Additionally, the expanding use of carbon fiber in renewable energy infrastructure, such as wind turbines, enhances market prospects. Technological advancements in manufacturing processes, such as automated lay-up techniques and resin infusion methods, further bolster market growth by reducing production costs and improving material properties.
Market Restraints:
Despite promising growth prospects, the carbon fiber composites market faces challenges related to high production costs, limited recycling capabilities, and regulatory hurdles concerning environmental impact and safety standards. Stringent regulations governing carbon fiber waste disposal and emissions control impose compliance burdens on manufacturers, affecting operational costs and market scalability. Moreover, fluctuations in raw material prices and supply chain disruptions pose additional challenges to market stability.
Market Opportunities:
The carbon fiber composites market presents significant growth opportunities driven by innovations in composite recycling technologies, advancements in resin matrix formulations, and increasing investments in sustainable manufacturing practices. The integration of carbon fiber into new applications, such as medical devices and consumer electronics, expands market potential beyond traditional industries. Strategic partnerships, investments in research and development, and the development of bio-based carbon fibers are crucial to capitalizing on emerging opportunities and sustaining market leadership in the evolving carbon fiber landscape.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the global carbon fiber composites market?
- Which industries and applications are driving the adoption of carbon fiber composites across different sectors?
- How are technological advancements reshaping the competitive landscape of the carbon fiber composites market?
- Who are the key players contributing to the carbon fiber composites market, and what strategies are they employing to maintain market relevance?
- What are the emerging trends and future prospects in the global carbon fiber composites market?
Competitive Intelligence and Business Strategy:
Leading players in the global carbon fiber composites market, including Toray Industries Inc., Teijin Limited, and Hexcel Corporation, focus on innovation, product differentiation, and strategic acquisitions to gain a competitive edge. These companies invest in research and development to develop advanced carbon fiber solutions, including high-performance composites and recyclable materials, catering to diverse industry demands and sustainability goals. Collaborations with automotive manufacturers, aerospace firms, and renewable energy developers facilitate market expansion and technology adoption.
Key Companies Profiled:
- Toray+Zoltek
- SGL Carbon
- Toho
- MRC
- Hexcel Corporation
- Rock West Composites
- Hengshen
- Mitsubishi Chemical Fiber Corporation
- Teijin Limited
- Solvay
Global Carbon Fiber Composites Market Research Segmentation
By Matrix Material:
- Polymer Matrix
- Carbon Matrix
- Ceramics Matrix
- Metal Matrix
- Hybrid Matrix
By Application:
- Aerospace
- Automotive
- Wind Turbines
- Sports & Leisure
- Civil Engineering
- Marine Applications
- Other Applications
By Region:
- North America
- Europe
- East Asia
- South Asia & Oceania
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Carbon Fiber Composites Market Snapshot, 2024-2031
- 1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Matrix Material Lifecycle Analysis
- 2.4. Carbon Fiber Composites Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applcations
- 2.4.5. Profitability Analysis
- 2.5. Porter Five Force's Analysis
- 2.6. Geopolitical Tensions: Market Impact
- 2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
- 2.8. Forecast Factors - Relevance and Impact
- 2.9. Regulatory and Technology Landscape
3. Global Carbon Fiber Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
- 3.2. Market Size (US$ Bn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019-2023
- 3.2.2. Current Market Size Forecast, 2024-2031
- 3.3. Global Carbon Fiber Composites Market Outlook: Matrix Material
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Matrix Material, 2019-2023
- 3.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Matrix Material, 2024-2031
- 3.3.3.1. Polymer Matrix
- 3.3.3.1.1. Thermosetting
- 3.3.3.1.2. Thermoplastics
- 3.3.3.2. Carbon Matrix
- 3.3.3.3. Ceramics Matrix
- 3.3.3.4. Metal Matrix
- 3.3.3.5. Hybrid Matrix
- 3.4. Market Attractiveness Analysis: Matrix Material
- 3.5. Global Carbon Fiber Composites Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Application, 2019-2023
- 3.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 3.5.3.1. Aerospace
- 3.5.3.2. Automotive
- 3.5.3.3. Wind Turbines
- 3.5.3.4. Sports & Leisure
- 3.5.3.5. Civil Engineering
- 3.5.3.6. Marine Applications
- 3.5.3.7. Other Applications
- 3.6. Market Attractiveness Analysis: Application
4. Global Carbon Fiber Composites Market Outlook: Region
- 4.1. Key Highlights
- 4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Region, 2019-2023
- 4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Region, 2024-2031
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
- 4.4. Market Attractiveness Analysis: Region
5. North America Carbon Fiber Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 5.1. Key Highlights
- 5.2. Pricing Analysis
- 5.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 5.3.1. By Country
- 5.3.2. By Matrix Material
- 5.3.3. By Application
- 5.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 5.4.1. U.S.
- 5.4.2. Canada
- 5.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Matrix Material, 2024-2031
- 5.5.1. Polymer Matrix
- 5.5.1.1. Thermosetting
- 5.5.1.2. Thermoplastics
- 5.5.2. Carbon Matrix
- 5.5.3. Ceramics Matrix
- 5.5.4. Metal Matrix
- 5.5.5. Hybrid Matrix
- 5.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 5.6.1. Aerospace
- 5.6.2. Automotive
- 5.6.3. Wind Turbines
- 5.6.4. Sports & Leisure
- 5.6.5. Civil Engineering
- 5.6.6. Marine Applications
- 5.6.7. Other End Uses
- 5.7. Market Attractiveness Analysis
6. Europe Carbon Fiber Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Matrix Material
- 6.3.3. By Application
- 6.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
- 6.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Matrix Material, 2024-2031
- 6.5.1. Polymer Matrix
- 6.5.1.1. Thermosetting
- 6.5.1.2. Thermoplastics
- 6.5.2. Carbon Matrix
- 6.5.3. Ceramics Matrix
- 6.5.4. Metal Matrix
- 6.5.5. Hybrid Matrix
- 6.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 6.6.1. Aerospace
- 6.6.2. Automotive
- 6.6.3. Wind Turbines
- 6.6.4. Sports & Leisure
- 6.6.5. Civil Engineering
- 6.6.6. Marine Applications
- 6.6.7. Other End Uses
- 6.7. Market Attractiveness Analysis
7. East Asia Carbon Fiber Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Matrix Material
- 7.3.3. By Application
- 7.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
- 7.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Matrix Material, 2024-2031
- 7.5.1. Polymer Matrix
- 7.5.1.1. Thermosetting
- 7.5.1.2. Thermoplastics
- 7.5.2. Carbon Matrix
- 7.5.3. Ceramics Matrix
- 7.5.4. Metal Matrix
- 7.5.5. Hybrid Matrix
- 7.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 7.6.1. Aerospace
- 7.6.2. Automotive
- 7.6.3. Wind Turbines
- 7.6.4. Sports & Leisure
- 7.6.5. Civil Engineering
- 7.6.6. Marine Applications
- 7.6.7. Other End Uses
- 7.7. Market Attractiveness Analysis
8. South Asia & Oceania Carbon Fiber Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Matrix Material
- 8.3.3. By Application
- 8.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
- 8.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Matrix Material, 2024-2031
- 8.5.1. Polymer Matrix
- 8.5.1.1. Thermosetting
- 8.5.1.2. Thermoplastics
- 8.5.2. Carbon Matrix
- 8.5.3. Ceramics Matrix
- 8.5.4. Metal Matrix
- 8.5.5. Hybrid Matrix
- 8.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 8.6.1. Aerospace
- 8.6.2. Automotive
- 8.6.3. Wind Turbines
- 8.6.4. Sports & Leisure
- 8.6.5. Civil Engineering
- 8.6.6. Marine Applications
- 8.6.7. Other End Uses
- 8.7. Market Attractiveness Analysis
9. Latin America Carbon Fiber Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Matrix Material
- 9.3.3. By Application
- 9.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 9.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Matrix Material, 2024-2031
- 9.5.1. Polymer Matrix
- 9.5.1.1. Thermosetting
- 9.5.1.2. Thermoplastics
- 9.5.2. Carbon Matrix
- 9.5.3. Ceramics Matrix
- 9.5.4. Metal Matrix
- 9.5.5. Hybrid Matrix
- 9.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 9.6.1. Aerospace
- 9.6.2. Automotive
- 9.6.3. Wind Turbines
- 9.6.4. Sports & Leisure
- 9.6.5. Civil Engineering
- 9.6.6. Marine Applications
- 9.6.7. Other End Uses
- 9.7. Market Attractiveness Analysis
10. Middle East & Africa Carbon Fiber Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Matrix Material
- 10.3.3. By Application
- 10.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
- 10.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Matrix Material, 2024-2031
- 10.5.1. Polymer Matrix
- 10.5.1.1. Thermosetting
- 10.5.1.2. Thermoplastics
- 10.5.2. Carbon Matrix
- 10.5.3. Ceramics Matrix
- 10.5.4. Metal Matrix
- 10.5.5. Hybrid Matrix
- 10.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 10.6.1. Aerospace
- 10.6.2. Automotive
- 10.6.3. Wind Turbines
- 10.6.4. Sports & Leisure
- 10.6.5. Civil Engineering
- 10.6.6. Marine Applications
- 10.6.7. Other End Uses
- 10.7. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2024
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Analog IC
- 11.2.3. Apparent Product Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Toray+Zoltek
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Product
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. SGL Carbon
- 11.3.2.1. Overview
- 11.3.2.2. Segments and Product
- 11.3.2.3. Key Financials
- 11.3.2.4. Market Developments
- 11.3.2.5. Market Strategy
- 11.3.3. Toho
- 11.3.3.1. Overview
- 11.3.3.2. Segments and Product
- 11.3.3.3. Key Financials
- 11.3.3.4. Market Developments
- 11.3.3.5. Market Strategy
- 11.3.4. MRC
- 11.3.4.1. Overview
- 11.3.4.2. Segments and Product
- 11.3.4.3. Key Financials
- 11.3.4.4. Market Developments
- 11.3.4.5. Market Strategy
- 11.3.5. Hexcel Corporation
- 11.3.5.1. Overview
- 11.3.5.2. Segments and Product
- 11.3.5.3. Key Financials
- 11.3.5.4. Market Developments
- 11.3.5.5. Market Strategy
- 11.3.6. Rock West Composites
- 11.3.6.1. Overview
- 11.3.6.2. Segments and Product
- 11.3.6.3. Key Financials
- 11.3.6.4. Market Developments
- 11.3.6.5. Market Strategy
- 11.3.7. Hengshen
- 11.3.7.1. Overview
- 11.3.7.2. Segments and Product
- 11.3.7.3. Key Financials
- 11.3.7.4. Market Developments
- 11.3.7.5. Market Strategy
- 11.3.8. Mitsubishi Chemical Fiber Corporation
- 11.3.8.1. Overview
- 11.3.8.2. Segments and Product
- 11.3.8.3. Key Financials
- 11.3.8.4. Market Developments
- 11.3.8.5. Market Strategy
- 11.3.9. Teijin Limited
- 11.3.9.1. Overview
- 11.3.9.2. Segments and Product
- 11.3.9.3. Key Financials
- 11.3.9.4. Market Developments
- 11.3.9.5. Market Strategy
- 11.3.10. Solvay
- 11.3.10.1. Overview
- 11.3.10.2. Segments and Product
- 11.3.10.3. Key Financials
- 11.3.10.4. Market Developments
- 11.3.10.5. Market Strategy
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations