Market Overview:
The global high-strength carbon fiber market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-strength carbon fiber from various end-use industries, such as aerospace, industrial, vehicle, medical treatment, electrical engineering and wind turbine blade. In terms of type, the market is segmented into high elastic modulus type 350-600 Gpa and ultrahigh elastic modulus type ≥600 Gpa. The ultrahigh elastic modulus type is expected to grow at a higher CAGR during the forecast period owing to its superior properties over other types of carbon fibers. In terms of application, the aerospace segment is projected to hold a dominant share in the global high-strength carbon fiber market during the forecast period.
Product Definition:
High-strength carbon fiber is a lightweight, high-performance material used in a variety of applications, from aerospace to automotive to sporting goods. It is made of thin strands of carbon fiber woven together into a fabric. When it is combined with a resin, it can be molded into different shapes and used as an alternative to metal or plastic parts. High-strength carbon fiber is strong and stiff, yet lightweight, making it an ideal material for use in products that need to be both durable and light weight.
High Elastic Modulus Type 350-600 Gpa:
High elastic modulus type 350-600 Gpa, it's usage.
The global high strength carbon fiber market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024. The industry is anticipated to witness significant growth owing to the rising demand for lightweight vehicles across the globe.
Ultra-high Elastic Modulus Type ≥600 Gpa:
Ultra-high elastic modulus (UHEM) is a term used for carbon fiber with extremely high elastic modulus greater than 600 Gpa. UHEM fibers are expected to be widely used in the automotive and aviation industries owing to their several superior characteristics such as low weight, high strength, and low thermal expansion. The growing demand for lightweight vehicles is expected to drive the global market over the forecast period.
Application Insights:
Aerospace was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. High-strength carbon fiber composites are used for manufacturing aircraft body parts, such as wings, fuselage, landing gear doors and leading and trailing edge panels. The lightweight of these products reduces the fuel consumption of an aircraft which aids in reducing CO2 emissions thus promoting environmental sustainability.
High-strength composite materials have a high impact resistance which makes them suitable for use in medical applications including orthopedic implants that require strong bones but without using metal alloys or titanium. These materials also offer benefits such as low weight & cost compared to traditional bone replacement surgeries along with excellent mechanical properties & biocompatibility making it ideal for various medical applications including spinal fusion surgery fixation plates & screws among others.
The wind turbine blade application segment is projected to witness significant growth over the forecast period owing to increasing demand from China, Japan.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing per capita income in emerging economies such as China, India, Indonesia, Malaysia and Thailand. The region has witnessed an increase in investments in various sectors including aerospace & defense, automotive & transportation and medical treatment due to growing demand for high-strength carbon fiber from key industries.
The Asia Pacific was followed by Europe which accounted for a revenue share of 24.1% in 2017 on account of the presence of major aircraft manufacturers such as Airbus S.A., Rolls Royce Holdings Plc., Dassault Aviation SA; Embraer S/A; Safran SA; Alstom SA; Leonardo SpA etc.
Growth Factors:
- Increasing demand for lightweight and high-strength materials in automotive and aerospace industries
- Growing popularity of carbon fiber composites in wind energy sector
- Rising demand for advanced composite materials in construction industry
- Proliferation of 3D printing technology for manufacturing customized carbon fiber products
- Growing awareness about the benefits of high-strength carbon fiber among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
High-strength Carbon Fiber Market Research Report
By Type
High Elastic Modulus Type 350-600 Gpa, Ultra-high Elastic Modulus Type ≥600 Gpa
By Application
Aerospace, Industrial, Vehicle, Medical Treatment, Electrical Engineering, Wind Turbine Blade
By Companies
Toray Industries, Hexcel Corporation, Mitsubishi Chemical Holdings, Nippon Graphite Fiber Corp, Solvay S.A., Toho Tenax, Zoltek
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global High-strength Carbon Fiber Market Report Segments:
The global High-strength Carbon Fiber market is segmented on the basis of:
Types
High Elastic Modulus Type 350-600 Gpa, Ultra-high Elastic Modulus Type ≥600 Gpa
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
Aerospace, Industrial, Vehicle, Medical Treatment, Electrical Engineering, Wind Turbine Blade
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
- Hexcel Corporation
- Mitsubishi Chemical Holdings
- Nippon Graphite Fiber Corp
- Solvay S.A.
- Toho Tenax
- Zoltek
Highlights of The High-strength Carbon Fiber 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:
- High Elastic Modulus Type 350-600 Gpa
- Ultra-high Elastic Modulus Type ≥600 Gpa
- By Application:
- Aerospace
- Industrial
- Vehicle
- Medical Treatment
- Electrical Engineering
- Wind Turbine Blade
- 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 High-strength Carbon Fiber 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?
High-strength carbon fiber is a type of carbon fiber that is made from a higher-quality, more expensive material than regular carbon fiber. It's often used in high-performance applications, such as aircraft and racing cars.
Some of the major players in the high-strength carbon fiber market are Toray Industries, Hexcel Corporation, Mitsubishi Chemical Holdings, Nippon Graphite Fiber Corp, Solvay S.A., Toho Tenax, Zoltek.
The high-strength carbon fiber market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-strength Carbon Fiber 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 High-strength Carbon Fiber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-strength Carbon Fiber 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 High-strength Carbon Fiber 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 High-strength Carbon Fiber Market Size & Forecast, 2018-2028
4.5.1 High-strength Carbon Fiber Market Size and Y-o-Y Growth
4.5.2 High-strength Carbon Fiber Market Absolute $ Opportunity
Chapter 5 Global High-strength Carbon Fiber 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 High-strength Carbon Fiber Market Size Forecast by Type
5.2.1 High Elastic Modulus Type 350-600 Gpa
5.2.2 Ultra-high Elastic Modulus Type ≥600 Gpa
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High-strength Carbon Fiber 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 High-strength Carbon Fiber Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Industrial
6.2.3 Vehicle
6.2.4 Medical Treatment
6.2.5 Electrical Engineering
6.2.6 Wind Turbine Blade
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-strength Carbon Fiber 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 High-strength Carbon Fiber 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 High-strength Carbon Fiber Analysis and Forecast
9.1 Introduction
9.2 North America High-strength Carbon Fiber 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 High-strength Carbon Fiber Market Size Forecast by Type
9.6.1 High Elastic Modulus Type 350-600 Gpa
9.6.2 Ultra-high Elastic Modulus Type ≥600 Gpa
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 High-strength Carbon Fiber Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Industrial
9.10.3 Vehicle
9.10.4 Medical Treatment
9.10.5 Electrical Engineering
9.10.6 Wind Turbine Blade
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 High-strength Carbon Fiber Analysis and Forecast
10.1 Introduction
10.2 Europe High-strength Carbon Fiber 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 High-strength Carbon Fiber Market Size Forecast by Type
10.6.1 High Elastic Modulus Type 350-600 Gpa
10.6.2 Ultra-high Elastic Modulus Type ≥600 Gpa
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 High-strength Carbon Fiber Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Industrial
10.10.3 Vehicle
10.10.4 Medical Treatment
10.10.5 Electrical Engineering
10.10.6 Wind Turbine Blade
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 High-strength Carbon Fiber Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High-strength Carbon Fiber 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 High-strength Carbon Fiber Market Size Forecast by Type
11.6.1 High Elastic Modulus Type 350-600 Gpa
11.6.2 Ultra-high Elastic Modulus Type ≥600 Gpa
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 High-strength Carbon Fiber Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Industrial
11.10.3 Vehicle
11.10.4 Medical Treatment
11.10.5 Electrical Engineering
11.10.6 Wind Turbine Blade
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 High-strength Carbon Fiber Analysis and Forecast
12.1 Introduction
12.2 Latin America High-strength Carbon Fiber 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 High-strength Carbon Fiber Market Size Forecast by Type
12.6.1 High Elastic Modulus Type 350-600 Gpa
12.6.2 Ultra-high Elastic Modulus Type ≥600 Gpa
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 High-strength Carbon Fiber Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Industrial
12.10.3 Vehicle
12.10.4 Medical Treatment
12.10.5 Electrical Engineering
12.10.6 Wind Turbine Blade
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) High-strength Carbon Fiber Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High-strength Carbon Fiber 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) High-strength Carbon Fiber Market Size Forecast by Type
13.6.1 High Elastic Modulus Type 350-600 Gpa
13.6.2 Ultra-high Elastic Modulus Type ≥600 Gpa
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) High-strength Carbon Fiber Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Industrial
13.10.3 Vehicle
13.10.4 Medical Treatment
13.10.5 Electrical Engineering
13.10.6 Wind Turbine Blade
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 High-strength Carbon Fiber Market: Competitive Dashboard
14.2 Global High-strength Carbon Fiber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toray Industries
14.3.2 Hexcel Corporation
14.3.3 Mitsubishi Chemical Holdings
14.3.4 Nippon Graphite Fiber Corp
14.3.5 Solvay S.A.
14.3.6 Toho Tenax
14.3.7 Zoltek
