Market Overview:
The global carbon fiber for fuel cell vehicles market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fuel cell vehicles across the globe. Carbon fiber is used in various applications such as shell, transmission shaft, and seat in fuel cell vehicles. Polyacrylonitrile (PAN) is the most commonly used type of carbon fiber for fuel cells owing to its high strength-to-weight ratio and chemical resistance. Asia Pacific is expected to be the fastest growing region during the forecast period due to rising demand for fuel cell vehicles in countries such as China and Japan.
Product Definition:
Carbon fiber is a high-strength, lightweight material used in a variety of applications, including fuel cells. Carbon fiber composites are strong and light because the fibers are very thin and closely packed together. This makes them less susceptible to damage than traditional materials such as metal or plastic. Carbon fibers can also be molded into complex shapes, which makes them ideal for use in fuel cells.
Polyacrylonitrile:
Polyacrylonitrile (PAN) is a high-performance material with superior chemical and mechanical properties. It is an engineered thermoplastic polymer, produced by the addition of acrylonitrile to acrylic acid.
Asphaltene:
Asphaltene is a group of chemicals that are found in the aspen tree. It is used to make charcoal, which has wide applications in end-use industries such as construction and automotive. Carbon fiber reinforced polymer (CFRP) composites are made by mixing carbon fibers with resin matrix and bind them together through intermolecular forces resulting in high strength material.
Application Insights:
The application segment includes the carbon fiber for fuel cell vehicles components such as seat, transmission shaft, and shell. The increasing demand for sports cars is expected to drive the market growth of this segment over the forecast period. In addition, stringent regulations regarding reduction in vehicular weight are likely to propel product demand in vehicle components over the coming years.
Carbon fibers reinforced plastic (CFRP) is anticipated to witness significant growth owing to its ability to reduce overall vehicle weight while maintaining structural integrity and safety requirements of a car¢â‚¬â„¢s body structure. Moreover, growing preference towards CFRP based seats due largely from their ability not only reduce overall vehicle weight but also improve passenger comfort owing largely from enhanced thermal insulation properties is further expected drive industry expansion over the forecast period.
Regional Analysis:
North America accounted for the largest market share in 2017 owing to the presence of a large number of fuel cell vehicle manufacturers and major carbon fiber producers. The region is expected to maintain its dominance over the forecast period. Increasing demand for electric vehicles in countries, such as U.S., China, and Japan is anticipated to propel industry growth over the next eight years.
The Asia Pacific market was valued at USD X million in 2017 and is projected to witness significant growth during the forecast period on account of rising investments by key players in developing economies, such as India and China.
Growth Factors:
- Increasing demand for fuel cell vehicles from the automotive sector
- Rising awareness about the benefits of fuel cell vehicles over traditional gasoline and diesel vehicles
- Government initiatives and subsidies for the adoption of fuel cell vehicles
- Technological advancements in carbon fiber manufacturing that reduce production costs
- Growing demand from emerging markets such as China and India
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbon Fiber for Fuel Cell Vehicles Market Research Report
By Type
Polyacrylonitrile, Asphaltene, Viscose Base
By Application
Shell, Transmission Shaft, Seat
By Companies
Toray Industries, Solvay S.A., Mitsubishi Chemical Holdings, Scott Bader, Teijin, DowAksa, Formosa Plastic, Hexcel Corporation, Protech Composites, SAERTEX, China Composites Group
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Carbon Fiber for Fuel Cell Vehicles Market Report Segments:
The global Carbon Fiber for Fuel Cell Vehicles market is segmented on the basis of:
Types
Polyacrylonitrile, Asphaltene, Viscose Base
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
Shell, Transmission Shaft, Seat
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 Industries
- Solvay S.A.
- Mitsubishi Chemical Holdings
- Scott Bader
- Teijin
- DowAksa
- Formosa Plastic
- Hexcel Corporation
- Protech Composites
- SAERTEX
- China Composites Group
Highlights of The Carbon Fiber for Fuel Cell Vehicles 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:
- Polyacrylonitrile
- Asphaltene
- Viscose Base
- By Application:
- Shell
- Transmission Shaft
- Seat
- 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 for Fuel Cell Vehicles 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 very strong, lightweight material that can be used in fuel cell vehicles to make them more efficient. Carbon fiber helps the vehicle to resist damage and makes it easier to move around.
Some of the key players operating in the carbon fiber for fuel cell vehicles market are Toray Industries, Solvay S.A., Mitsubishi Chemical Holdings, Scott Bader, Teijin, DowAksa, Formosa Plastic, Hexcel Corporation, Protech Composites, SAERTEX, China Composites Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carbon Fiber for Fuel Cell Vehicles 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 for Fuel Cell Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carbon Fiber for Fuel Cell Vehicles 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 for Fuel Cell Vehicles 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 for Fuel Cell Vehicles Market Size & Forecast, 2018-2028
4.5.1 Carbon Fiber for Fuel Cell Vehicles Market Size and Y-o-Y Growth
4.5.2 Carbon Fiber for Fuel Cell Vehicles Market Absolute $ Opportunity
Chapter 5 Global Carbon Fiber for Fuel Cell Vehicles 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 for Fuel Cell Vehicles Market Size Forecast by Type
5.2.1 Polyacrylonitrile
5.2.2 Asphaltene
5.2.3 Viscose Base
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Carbon Fiber for Fuel Cell Vehicles 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 for Fuel Cell Vehicles Market Size Forecast by Applications
6.2.1 Shell
6.2.2 Transmission Shaft
6.2.3 Seat
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carbon Fiber for Fuel Cell Vehicles 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 for Fuel Cell Vehicles 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 for Fuel Cell Vehicles Analysis and Forecast
9.1 Introduction
9.2 North America Carbon Fiber for Fuel Cell Vehicles 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 for Fuel Cell Vehicles Market Size Forecast by Type
9.6.1 Polyacrylonitrile
9.6.2 Asphaltene
9.6.3 Viscose Base
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 for Fuel Cell Vehicles Market Size Forecast by Applications
9.10.1 Shell
9.10.2 Transmission Shaft
9.10.3 Seat
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 for Fuel Cell Vehicles Analysis and Forecast
10.1 Introduction
10.2 Europe Carbon Fiber for Fuel Cell Vehicles 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 for Fuel Cell Vehicles Market Size Forecast by Type
10.6.1 Polyacrylonitrile
10.6.2 Asphaltene
10.6.3 Viscose Base
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 for Fuel Cell Vehicles Market Size Forecast by Applications
10.10.1 Shell
10.10.2 Transmission Shaft
10.10.3 Seat
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 for Fuel Cell Vehicles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Carbon Fiber for Fuel Cell Vehicles 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 for Fuel Cell Vehicles Market Size Forecast by Type
11.6.1 Polyacrylonitrile
11.6.2 Asphaltene
11.6.3 Viscose Base
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 for Fuel Cell Vehicles Market Size Forecast by Applications
11.10.1 Shell
11.10.2 Transmission Shaft
11.10.3 Seat
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 for Fuel Cell Vehicles Analysis and Forecast
12.1 Introduction
12.2 Latin America Carbon Fiber for Fuel Cell Vehicles 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 for Fuel Cell Vehicles Market Size Forecast by Type
12.6.1 Polyacrylonitrile
12.6.2 Asphaltene
12.6.3 Viscose Base
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 for Fuel Cell Vehicles Market Size Forecast by Applications
12.10.1 Shell
12.10.2 Transmission Shaft
12.10.3 Seat
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 for Fuel Cell Vehicles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Carbon Fiber for Fuel Cell Vehicles 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 for Fuel Cell Vehicles Market Size Forecast by Type
13.6.1 Polyacrylonitrile
13.6.2 Asphaltene
13.6.3 Viscose Base
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 for Fuel Cell Vehicles Market Size Forecast by Applications
13.10.1 Shell
13.10.2 Transmission Shaft
13.10.3 Seat
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 for Fuel Cell Vehicles Market: Competitive Dashboard
14.2 Global Carbon Fiber for Fuel Cell Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toray Industries
14.3.2 Solvay S.A.
14.3.3 Mitsubishi Chemical Holdings
14.3.4 Scott Bader
14.3.5 Teijin
14.3.6 DowAksa
14.3.7 Formosa Plastic
14.3.8 Hexcel Corporation
14.3.9 Protech Composites
14.3.10 SAERTEX
14.3.11 China Composites Group
