Market Overview:
The global carbon fiber board market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high performance carbon fiber boards in various end-use industries such as industrial, construction, aerospace and others. In terms of type, the universal carbon fiber board segment is expected to hold a major share of the global carbon fiber board market during the forecast period.
Product Definition:
A carbon fiber board is a sheet of material made from carbon fibers. It is used in a variety of applications, including aerospace, automotive and sporting goods. Carbon fiber boards are strong and lightweight, making them ideal for high-performance applications. They are also corrosion-resistant and heat-resistant, making them well suited for use in harsh environments.
Universal Carbon Fiber Board:
Carbon fiber is a material made from carbon atoms that are bonded together in crystals to form fibers. Carbon fibers are stronger than steel and have various unique properties, such as high tensile strength, low thermal expansion, high temperature tolerance, lightweight and good electrical conductivity. The most common types of carbon fiber include aramid (type I) and para-aramid (type II).
High performance Carbon Fiber Board:
High performance carbon fiber (HPCF) board is a high-performance, lightweight, and rigid composite material made from reinforcing fibers of carbon and resin. HPCF has superior properties such as low weight to strength ratio, high stiffness at low weight which makes it very suitable for applications where rigidity is required in small package size.
Application Insights:
The construction industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. Carbon fiber products are used in residential, commercial and industrial constructions for a wide range of applications including wall panels, roofing systems, acoustic solutions, glazing etc. The lightweight properties of carbon fiber boards allow designers to use less material for constructing a particular structure which results in lower weight of building components and hence reduces the overall cost associated with construction projects. These factors are anticipated to drive product demand from construction industry over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. Rapid industrialization and urbanization in these countries have resulted in an increased demand for consumer goods as well as industrial products. This has led to a surge in investments by various companies for manufacturing automobiles or other vehicles using carbon fiber reinforced plastics (CFRP).
The growing automotive industry across Asia Pacific has also fueled the product demand owing to its high strength-to-weight ratio. Moreover, favorable government regulations aimed at reducing pollution levels are anticipated to drive industry growth over the coming years. North America emerged as the second largest regional market accounting for 20% of total revenue share in 2017 on account of rising use cases such as building exteriors or furniture applications along with aerospace components manufactured using carbon fiber reinforced plastics (CFRP). The U.S.
Growth Factors:
- Increasing demand for lightweight and durable materials in the automotive and aerospace industries is expected to drive the growth of carbon fiber board market.
- Rising awareness about the benefits of using carbon fiber boards is projected to boost the demand for these products over the forecast period.
- Growing popularity of sports such as cycling, skiing, and snowboarding is anticipated to create new opportunities for carbon fiber board market players.
- Technological advancements in manufacturing processes are likely to propel the growth of this market in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbon Fiber Board Market Research Report
By Type
Universal Carbon Fiber Board, High performance Carbon Fiber Board
By Application
Industrial, Construction, Aerospace, Others
By Companies
Toray, ZOLTEK (Toray), Mitsubishi Rayon, Toho Tenax (Teijin), Hexcel, Formosa Plastics Corp, SGL, Cytec Solvay, DowDuPont, Hyosung, Taekwang Industrial, Bluestar Fibres
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Carbon Fiber Board Market Report Segments:
The global Carbon Fiber Board market is segmented on the basis of:
Types
Universal Carbon Fiber Board, High performance Carbon Fiber Board
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Construction, Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toray
- ZOLTEK (Toray)
- Mitsubishi Rayon
- Toho Tenax (Teijin)
- Hexcel
- Formosa Plastics Corp
- SGL
- Cytec Solvay
- DowDuPont
- Hyosung
- Taekwang Industrial
- Bluestar Fibres
Highlights of The Carbon Fiber Board Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Universal Carbon Fiber Board
- High performance Carbon Fiber Board
- By Application:
- Industrial
- Construction
- Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carbon Fiber Board Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carbon fiber is a composite material made of carbon fibers and other materials. It has many advantages over traditional materials, including high strength, low weight, and good thermal properties. Carbon fiber boards are used in a variety of applications, such as aircrafts and racing cars.
Some of the key players operating in the carbon fiber board market are Toray, ZOLTEK (Toray), Mitsubishi Rayon, Toho Tenax (Teijin), Hexcel, Formosa Plastics Corp, SGL, Cytec Solvay, DowDuPont, Hyosung, Taekwang Industrial, Bluestar Fibres.
The carbon fiber board market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carbon Fiber Board Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carbon Fiber Board Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carbon Fiber Board Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carbon Fiber Board Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carbon Fiber Board Market Size & Forecast, 2018-2028
4.5.1 Carbon Fiber Board Market Size and Y-o-Y Growth
4.5.2 Carbon Fiber Board Market Absolute $ Opportunity
Chapter 5 Global Carbon Fiber Board Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Carbon Fiber Board Market Size Forecast by Type
5.2.1 Universal Carbon Fiber Board
5.2.2 High performance Carbon Fiber Board
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Carbon Fiber Board Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Carbon Fiber Board Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Construction
6.2.3 Aerospace
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carbon Fiber Board Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carbon Fiber Board Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Carbon Fiber Board Analysis and Forecast
9.1 Introduction
9.2 North America Carbon Fiber Board Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Carbon Fiber Board Market Size Forecast by Type
9.6.1 Universal Carbon Fiber Board
9.6.2 High performance Carbon Fiber Board
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Carbon Fiber Board Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Construction
9.10.3 Aerospace
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Carbon Fiber Board Analysis and Forecast
10.1 Introduction
10.2 Europe Carbon Fiber Board Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Carbon Fiber Board Market Size Forecast by Type
10.6.1 Universal Carbon Fiber Board
10.6.2 High performance Carbon Fiber Board
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Carbon Fiber Board Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Construction
10.10.3 Aerospace
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Carbon Fiber Board Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Carbon Fiber Board Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Carbon Fiber Board Market Size Forecast by Type
11.6.1 Universal Carbon Fiber Board
11.6.2 High performance Carbon Fiber Board
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Carbon Fiber Board Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Construction
11.10.3 Aerospace
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Carbon Fiber Board Analysis and Forecast
12.1 Introduction
12.2 Latin America Carbon Fiber Board Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Carbon Fiber Board Market Size Forecast by Type
12.6.1 Universal Carbon Fiber Board
12.6.2 High performance Carbon Fiber Board
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Carbon Fiber Board Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Construction
12.10.3 Aerospace
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Carbon Fiber Board Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Carbon Fiber Board Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Carbon Fiber Board Market Size Forecast by Type
13.6.1 Universal Carbon Fiber Board
13.6.2 High performance Carbon Fiber Board
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Carbon Fiber Board Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Construction
13.10.3 Aerospace
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carbon Fiber Board Market: Competitive Dashboard
14.2 Global Carbon Fiber Board Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toray
14.3.2 ZOLTEK (Toray)
14.3.3 Mitsubishi Rayon
14.3.4 Toho Tenax (Teijin)
14.3.5 Hexcel
14.3.6 Formosa Plastics Corp
14.3.7 SGL
14.3.8 Cytec Solvay
14.3.9 DowDuPont
14.3.10 Hyosung
14.3.11 Taekwang Industrial
14.3.12 Bluestar Fibres
