Market Overview:
The global carbon fiber precursor market is estimated to be valued at USD 2.5 billion in 2018 and is projected to reach USD 5.8 billion by 2030, at a CAGR of 10.9% from 2018 to 2030. The growth of the global carbon fiber precursor market can be attributed to the increasing demand for lightweight and high-performance materials across various applications, such as automotive, aerospace & defense, wind energy, sporting goods, and construction. However, volatility in prices of raw materials used for manufacturing carbon fibers may restrain the growth of this market during the forecast period.
Product Definition:
A carbon fiber precursor is a compound that can be used to create carbon fibers. These fibers have many applications, including in the aerospace, automotive, and construction industries.
PAN-based:
The global Polyacrylonitrile (PAN) based carbon fiber precursor market size was valued at USD 8.0 million in 2016 and is expected to witness a growth of over 20% by 2022, growing at an estimated CAGR of XX% from 2017 to 2022.
Coal Pitch-based:
Coal pitch is a solid organic material, which is obtained as a by-product of the coal manufacturing process. It has high tensile strength and flexural modulus and can be used as an alternative to glass fiber in various applications. The global demand for carbon fiber precursor materials has witnessed significant growth over the past few years owing to their increasing application in automotive & transportation, sports & leisure goods, electronics & electrical industries.
Application Insights:
The application segment includes automotive, construction and others. The automotive sector is expected to be the fastest-growing application segment over the forecast period owing to increasing demand for lightweight and high-performance vehicles. Carbon fiber composites are widely used in the automobile industry on account of their superior properties such as high strength, stiffness, thermal stability and durability. These properties allow an increase in vehicle performance while reducing its weight which results in increased fuel efficiency along with reduced emissions creating a healthier environment for all living beings.
Carbon fibers are also used extensively in aircraft parts mainly wings due to their light weight which improves fuel efficiency along with reduced emissions creating a healthy environment for all living beings.
Regional Analysis:
Asia Pacific is expected to be the fastest growing market for carbon fiber precursor with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing automotive production in the region. The presence of key automobile manufacturers including Toyota, Honda, Nissan and Hyundai are supporting the growth of industry in Asia Pacific. In addition, rising disposable income levels coupled with increased consumer preference for high performance automobiles is likely to drive demand over the forecast period.
The North American market was valued at USD X million in 2017 and is projected to witness moderate growth over the coming years on account of well-established manufacturing base for automotive applications along with high consumption levels associated with aircraft manufacturing sector in U.S., which has led it being called as an aircraft super-power by International Air Transport Association (IATA).
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive, aerospace, and defense industries
- Growing popularity of carbon fiber reinforced plastics (CFRP) in the transportation sector
- Rising investment in research and development activities for the development of advanced carbon fiber precursor products
- Proliferation of new applications for carbon fibers across a wide range of end-use industries
- Stringent government regulations to reduce environmental pollution from manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbon Fiber Precursor Market Research Report
By Type
PAN-based, Coal Pitch-based, Other
By Application
Carbon Fiber, Other
By Companies
AKSA, Dralon, Mitsubishi Chemical, Aditya Birla Group, Taekwang, Toray, Montefibre, Jilin Chemical Fiber, SGL (Fisipe), AKSA
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Carbon Fiber Precursor Market Report Segments:
The global Carbon Fiber Precursor market is segmented on the basis of:
Types
PAN-based, Coal Pitch-based, Other
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
Carbon Fiber, Other
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:
- AKSA
- Dralon
- Mitsubishi Chemical
- Aditya Birla Group
- Taekwang
- Toray
- Montefibre
- Jilin Chemical Fiber
- SGL (Fisipe)
- AKSA
Highlights of The Carbon Fiber Precursor 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:
- PAN-based
- Coal Pitch-based
- Other
- By Application:
- Carbon Fiber
- Other
- 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 Precursor 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 precursor is a material that can be used to create carbon fiber. It is made from a variety of materials, including plastics and other synthetic materials.
Some of the key players operating in the carbon fiber precursor market are AKSA, Dralon, Mitsubishi Chemical, Aditya Birla Group, Taekwang, Toray, Montefibre, Jilin Chemical Fiber, SGL (Fisipe), AKSA.
The carbon fiber precursor market is expected to grow at a compound annual growth rate of 10.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carbon Fiber Precursor 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 Precursor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carbon Fiber Precursor 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 Precursor 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 Precursor Market Size & Forecast, 2018-2028
4.5.1 Carbon Fiber Precursor Market Size and Y-o-Y Growth
4.5.2 Carbon Fiber Precursor Market Absolute $ Opportunity
Chapter 5 Global Carbon Fiber Precursor 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 Precursor Market Size Forecast by Type
5.2.1 PAN-based
5.2.2 Coal Pitch-based
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Carbon Fiber Precursor 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 Precursor Market Size Forecast by Applications
6.2.1 Carbon Fiber
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carbon Fiber Precursor 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 Precursor 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 Precursor Analysis and Forecast
9.1 Introduction
9.2 North America Carbon Fiber Precursor 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 Precursor Market Size Forecast by Type
9.6.1 PAN-based
9.6.2 Coal Pitch-based
9.6.3 Other
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 Precursor Market Size Forecast by Applications
9.10.1 Carbon Fiber
9.10.2 Other
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 Precursor Analysis and Forecast
10.1 Introduction
10.2 Europe Carbon Fiber Precursor 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 Precursor Market Size Forecast by Type
10.6.1 PAN-based
10.6.2 Coal Pitch-based
10.6.3 Other
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 Precursor Market Size Forecast by Applications
10.10.1 Carbon Fiber
10.10.2 Other
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 Precursor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Carbon Fiber Precursor 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 Precursor Market Size Forecast by Type
11.6.1 PAN-based
11.6.2 Coal Pitch-based
11.6.3 Other
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 Precursor Market Size Forecast by Applications
11.10.1 Carbon Fiber
11.10.2 Other
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 Precursor Analysis and Forecast
12.1 Introduction
12.2 Latin America Carbon Fiber Precursor 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 Precursor Market Size Forecast by Type
12.6.1 PAN-based
12.6.2 Coal Pitch-based
12.6.3 Other
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 Precursor Market Size Forecast by Applications
12.10.1 Carbon Fiber
12.10.2 Other
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 Precursor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Carbon Fiber Precursor 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 Precursor Market Size Forecast by Type
13.6.1 PAN-based
13.6.2 Coal Pitch-based
13.6.3 Other
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 Precursor Market Size Forecast by Applications
13.10.1 Carbon Fiber
13.10.2 Other
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 Precursor Market: Competitive Dashboard
14.2 Global Carbon Fiber Precursor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AKSA
14.3.2 Dralon
14.3.3 Mitsubishi Chemical
14.3.4 Aditya Birla Group
14.3.5 Taekwang
14.3.6 Toray
14.3.7 Montefibre
14.3.8 Jilin Chemical Fiber
14.3.9 SGL (Fisipe)
14.3.10 AKSA
