Carbon Fiber Market
Carbon Fiber Market Study by PAN-, Pitch-, and Rayon-Based for Aerospace & Defense, Sporting Goods, Automotive, Electrical & Electronics, Wind Energy, and Civil Engineering from 2024 to 2034
Analysis of Carbon Fiber Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Carbon Fiber Market Outlook (2024 to 2034)
The latest study by Fact.MR places the global carbon fiber market size at US$ 13.71 billion by 2034-end, up from US$ 5.74 billion in 2024. Market expansion has been projected at a CAGR of 9.1% between 2024 and 2034.
Carbon fiber is a versatile material used in a variety of products such as luxury cars, snowboards, medical equipment, and more. This sleek composite is known for its remarkable strength and rigidity relative to its weight making it suitable for a range of high-performance applications. As technology progresses and the cost of producing carbon fiber decreases, Fact.MR predicts a significant surge in the use of carbon fiber composites across different industries.
The aerospace and defense sectors were among the first to adopt carbon fiber. Due to its resistance to deformation under stress, carbon fiber can replace metals such as titanium and aluminum in structural applications. The aerospace sector has largely embraced carbon fiber because of the weight reduction it offers. This material can be decomposed into several basic building blocks such as yarns, unidirectional braids, weaves, and more to create composite parts.
A carbon fiber component has properties similar to steel but weighs about the same as plastic. As a result, carbon fiber has a much higher strength-to-weight ratio compared to steel or plastic. Carbon fiber is extremely durable. In engineering, it is a common practice to assess a material’s value based on its strength-to-weight and stiffness-to-weight ratios, particularly in structural design, where an increase in weight could lead to higher life-cycle costs or ineffective performance.
| Report Attributes | Details |
|---|---|
| Global Carbon Fiber Market Size (2024E) | US$ 5.74 Billion |
| Projected Market Value (2034F) | US$ 13.71 Billion |
| Global Market Growth Rate (2024 to 2034) | 9.1% CAGR |
| China Market Value (2034F) | US$ 1.93 Billion |
| Canada Market Growth Rate (2024 to 2034) | 7.2% CAGR |
| North America Market Share (2024E) | 21.6% |
| East Asia Market Value (2034F) | US$ 3.37 Billion |
| Key Companies Profiled |
|
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What are the Key Carbon Fiber Market Trends to Watch Out For?
“Quest for Eco-friendly Materials and Growing Adoption of 3D-Printing”
Widespread enforcement of strict environmental regulations in both developed and developing nations is boosting the use of more eco-friendly building materials. Carbon fibers and their composites offer benefits such as weight reduction and improved fuel efficiency. As a result, the market is witnessing increased demand, especially for luxury and sports car production.
In the automotive industry, carbon fiber is widely used for the production of 3D-printed car parts. Carbon fiber’s exceptional strength enhances the filament’s strength and rigidity. This implies that the 3D-printed components are significantly lighter and more dimensionally stable, as the fiber helps prevent the part from shrinking as it cools down. These recent developments in carbon fiber usage are fueling market expansion.
What are the Key Market Restraints Faced by Carbon Fiber Producers?
“High Product Cost and Increasing Availability of Carbon Fiber Alternatives”
High cost of carbon fiber is a primary issue impacting the expansion of the market. In the automotive industry, carbon fiber composites such as carbon fiber tapes are exclusively used in high-end vehicles. The emergence of alternative carbon fiber composites poses a substantial challenge to the carbon fiber market growth.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that East Asia is projected to hold 24.6% of the global carbon fiber market share by 2034. Carbon fiber manufacturers are available across various global regions, such as Southeast Asia, Central and South America, and Australia. This geographical diversity allows market participants to cater to increasing demand and reduces dependency on particular sourcing locations.
Which Sector Accounts for High Usage of Carbon Fiber in the United States?
“Widespread Use of Carbon Fiber in Aerospace Applications”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 888.6 Million |
| Growth Rate (2024 to 2034) | 7.1% CAGR |
| Projected Value (2034F) | US$ 1.76 Billion |
The United States holds 71.7% of the carbon fiber market share in North America in 2024. Significant advancements in research and development in the country are projected to drive substantial improvements in infrastructure, cost-effectiveness, and product innovation. The United States is a crucial manufacturing center for the aerospace sector, hosting a wide range of entities including suppliers of materials and components, device manufacturers, system integrators, and engine producers.
Carbon fiber provides the necessary strength, endurance, and stability for various aerospace applications, and its use is replacing traditional metal constructions in airplanes. The rise in renewable energy usage such as wind energy is another significant factor. Carbon fiber's strength and low weight make it suitable for wind turbine blades by contributing to their efficiency and longevity. The high cost of research and development and the availability of substitutes may hamper market growth.
How is the Market Shaping Up in China?
“Market Benefitting from High Production of Lightweight Vehicles”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 728 Million |
| Growth Rate (2024 to 2034) | 10.3% CAGR |
| Projected Value (2034F) | US$ 1.93 Billion |
The market in China is poised for substantial growth in the coming years. This growth is fueled by the country’s increasing demand for carbon fiber, which is used extensively in industries such as wind energy and sports. The market in the country is also projected to grow at a significant pace due to the growing need for lightweight vehicles and stringent government regulations on carbon emissions.
Use of construction composites in tunnels, bridges, and residential buildings in China is on the rise due to increased urbanization and government investments in infrastructure projects. Presence of major carbon fiber companies in China has created substantial opportunities in the construction sector. Growth in construction projects is driving the demand for PAN-based carbon fiber in the country. As the world’s largest electronics producer, demand for carbon fiber in the consumer electronics sector is growing at a substantial pace.
Category-wise Insights
What are the Factors Driving Adoption of PAN-based Carbon Fiber?
“Cost-Effectiveness and Superior Material Properties of PAN-based Carbon Fiber”
| Attribute | PAN-Based |
|---|---|
| Segment Value (2024E) | US$ 1.6 Billion |
| Growth Rate (2024 to 2034) | 9.7% CAGR |
| Projected Value (2034F) | US$ 4.04 Billion |
Carbon fibers can be categorized based on the type of precursor material into pitch-based, PAN-based, and rayon-based carbon fibers. The remarkable characteristics of PAN-based carbon fiber are projected to lead to its broader adoption across various applications. PAN-based carbon fiber is widely utilized in the aerospace & defense, industrial, and sporting goods sectors for structural material composites. PAN precursors possess superior material properties and are cost-effective compared to pitch-based carbon fiber.
PAN is mostly used in the manufacturing of lightweight and high-strength materials, making it ideal for sectors such as aerospace, automotive, wind energy, and sporting goods. The PAN segment holds 27.9% market share in 2024 and is projected to dominate the market in the near future owing to increasing demand from end-use industries.
Why is Demand for Carbon Fiber Rising in Aerospace & Defense?
“High Need for Lightweight and High-Strength Materials”
Carbon fibers find applications in various fields such as aerospace & defense, wind energy, sporting goods, civil engineering, automotive, electrical & electronics, among others. The aerospace & defense sector is projected to continue as the main consumer of carbon fiber filaments throughout the forecasted period. The aerospace industry is increasingly adopting carbon fiber due to its excellent strength-to-weight ratio.
It is extensively used in the production of various aircraft components such as vertical stabilizers, engine nacelles wings, floor beams, and elevators. The expansion of the aviation industry has created a demand for lightweight and durable materials for the construction of aircraft components, which is a positive development for the market.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
Market growth is being driven by several factors, including evolving consumer preferences, technological advancements, and global economic conditions. Key players in the carbon fiber market are Solvay, Toray Industries Inc., Teijin Limited, Hexcel Corporation, Mitsubishi Chemical Group Corporation, SGL Carbon, Jilin Chemical Fiber, and DowAksa.
- In 2021, Toray Industries Inc., a Japanese multinational corporation successfully acquired Tencate Advanced Composites Holding BV. This Dutch company is known for its production and distribution of carbon fiber composite materials. The deal was made possible when TenCate’s parent company, Koninklijke Ten Cate BV agreed to sell the business to Toray for a sum of US$ 1 billion, which included net debt. This strategic acquisition will enable Toray Industries Inc. to expand its product offerings such as polymer technologies and carbon fiber.
Key Segments of Carbon Fiber Market Research
-
By Precursor Material Type :
- PAN-Based
- Pitch-Based
- Rayon-Based
-
By Tow Size :
- Small Tows
- Large Tows
-
By End Use :
- Aerospace & Defense
- Sporting Goods
- Automotive
- Electrical & Electronics
- Wind Energy
- Civil Engineering
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
1. Global Market - Executive Summary 1.1. Global Market Overview 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Fact.MR Analysis and Recommendations 2. Global Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Introduction and Definition 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Carbon Fiber 3.1.2. COVID-19 Crisis and Impact on Aprotic Solvent Prices 3.1.3. COVID-19 Impact Benchmark with Previous Crisis 3.1.3.1. Change in Demand 3.1.3.2. Before and After COVID-19 Crisis (Projected) 3.1.3.3. Before and After Sub-prime Crisis – 2008 (Actual) 3.1.3.4. Change in Demand post Recovery Period (After Each Crisis) 3.1.4. Impact on Market and Value (US$ Mn) 3.1.4.1. Likely Loss of Value in 2020 3.1.4.2. Mid-term and Long Term Forecast 3.1.4.3. Quarter by Quarter Demand and Recovery Assessment 3.1.5. Anticipated Demand and Value Recovery Curve 3.1.5.1. Likelihood of U-Shape Recovery 3.1.5.2. Likelihood of L-Shape Recovery 3.1.6. Recovery Period Assessment by Key Countries 3.1.7. Recovery Assessment by Key Market Segments 3.1.8. Action Points and Recommendations for Suppliers 3.1.9. Impact on Trade Balance 3.2. Key Trends Impacting the Market 3.3. Formulation and Precursor Material Type Development Trends 4. Market Background and foundation Data Points 4.1. Need of the Hour for Industries 4.2. Industry Wise Industry 4.0 4.3. Strategic Priorities 4.4. Life Cycle Stage 4.5. Importance of Technology 4.6. Use Cases of Carbon Fiber 4.7. Forecast Factors: Relevance and Impact 4.8. Investment Feasibility Matrix 4.9. PESTLE Analysis 4.10. Porter’s Five Forces Analysis 4.11. Market Dynamics 4.11.1. Drivers 4.11.2. Restraints 4.11.3. Opportunity Analysis 4.11.4. Trend 5. Global Market Demand (US$ Mn) Analysis 2018-2023 and Forecast, 2024-2034 5.1. Historical Market Value (US$ Mn) Analysis, 2018-2023 5.2. Current and Future Market Value (US$ Mn) Projections, 2024-2034 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Global Market Analysis 2018-2023 and Forecast 2024-2034, By Precursor Material Type 6.1. Introduction / Key Findings 6.2. Historical Market Value (US$ Mn) Analysis By Precursor Material Type, 2018-2023 6.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Precursor Material Type, 2024-2034 6.3.1. PAN-based Carbon Fiber 6.3.2. Pitch-based Carbon Fiber 6.3.3. Rayon-based Carbon Fiber 6.4. Market Attractiveness Analysis By Precursor Material Type 7. Global Market Analysis 2018-2023 and Forecast 2024-2034, by Tow Size 7.1. Introduction / Key Findings 7.2. Historical Market Value (US$ Mn) Analysis By Tow Size , 2018-2023 7.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Tow Size, 2024-2034 7.3.1. Small Tow Carbon Fiber 7.3.2. Large Tow Carbon Fiber 7.4. Market Attractiveness Analysis By Tow Size 8. Global Market Analysis 2018-2023 and Forecast 2024-2034, by End Use 8.1. Introduction / Key Findings 8.2. Historical Market Value (US$ Mn) Analysis By End Use, 2018-2023 8.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By End Use, 2024-2034 8.3.1. Aerospace & Defense 8.3.2. Sporting Goods 8.3.3. Automotive 8.3.4. Electrical & Electronics 8.3.5. Wind Energy 8.3.6. Civil Engineering 8.3.7. Other End Uses 8.4. Market Attractiveness Analysis By End Use 9. Global Market Analysis 2018-2023 and Forecast 2024-2034, by Region 9.1. Introduction / Key Findings 9.2. Historical Market Value (US$ Mn) Analysis By Region, 2018-2023 9.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2024-2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia & Oceania 9.3.6. Middle East and Africa (MEA) 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2018-2023 and Forecast 2024-2034 10.1. Introduction / Key Findings 10.2. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2023 10.3. Market Value (US$ Mn) Forecast By Market Taxonomy, 2024-2034 10.3.1. By Country 10.3.1.1. U.S. 10.3.1.2. Canada 10.3.2. By Precursor Material Type 10.3.3. By Tow Size 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Precursor Material Type 10.4.3. By Tow Size 11. Latin America Market Analysis 2018-2023 and Forecast 2024-2034 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2023 11.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2024-2034 11.3.1. By Country 11.3.1.1. Brazil 11.3.1.2. Mexico 11.3.1.3. Rest of Latin America 11.3.2. By Precursor Material Type 11.3.3. By Tow Size 11.3.4. By End Use 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Precursor Material Type 11.4.3. By Tow Size 11.4.4. By End Use 12. Europe Market Analysis 2018-2023 and Forecast 2024-2034 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2023 12.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2024-2034 12.3.1. By Country 12.3.1.1. Germany 12.3.1.2. France 12.3.1.3. Italy 12.3.1.4. Spain 12.3.1.5. UK 12.3.1.6. BENELUX 12.3.1.7. Russia 12.3.1.8. Rest of Europe 12.3.2. By Precursor Material Type 12.3.3. By Tow Size 12.3.4. By End Use 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Precursor Material Type 12.4.3. By Tow Size 12.4.4. By End Use 13. East Asia Market Analysis 2018-2023 and Forecast 2024-2034 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2023 13.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2024-2034 13.3.1. By Country 13.3.1.1. China 13.3.1.2. Japan 13.3.1.3. South Korea 13.3.2. By Precursor Material Type 13.3.3. By Tow Size 13.3.4. By End Use 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Precursor Material Type 13.4.3. By Tow Size 13.4.4. By End Use 14. South Asia & Oceania Market Analysis 2018-2023 and Forecast 2024-2034 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2023 14.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2024-2034 14.3.1. By Country 14.3.1.1. India 14.3.1.2. Thailand 14.3.1.3. Malaysia 14.3.1.4. Singapore 14.3.1.5. Vietnam 14.3.1.6. ANZ 14.3.1.7. Rest of South Asia & Oceania 14.3.2. By Precursor Material Type 14.3.3. By Tow Size 14.3.4. By End Use 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Precursor Material Type 14.4.3. By Tow Size 14.4.4. By End Use 15. Middle East and Africa Market Analysis 2018-2023 and Forecast 2024-2034 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018-2023 15.3. Current and Future Market Value (US$ Mn) Analysis and Forecast By Region, 2024-2034 15.3.1. By Country 15.3.1.1. GCC Countries 15.3.1.2. South Africa 15.3.1.3. Israel 15.3.1.4. Rest of Middle East and Africa (MEA) 15.3.2. By Precursor Material Type 15.3.3. By Tow Size 15.3.4. By End Use 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Precursor Material Type 15.4.3. By Tow Size 15.4.4. By End Use 16. Market Structure Analysis 16.1. Market Analysis by Tier of Companies 16.2. Market Concentration 16.3. Market Share Analysis of Top Players 16.4. Market Presence Analysis 17. Competition Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Competition Deep Dive 17.4. Cytec 17.4.1. Company Overview 17.4.2. Precursor Material Type overview 17.4.3. SWOT Analysis 17.4.4. Key Developments 17.5. Hexcel 17.5.1. Company Overview 17.5.2. Precursor Material Type overview 17.5.3. SWOT Analysis 17.5.4. Key Developments 17.6. SGL Carbon 17.6.1. Company Overview 17.6.2. Precursor Material Type overview 17.6.3. SWOT Analysis 17.6.4. Key Developments 17.7. Toray 17.7.1. Company Overview 17.7.2. Precursor Material Type overview 17.7.3. SWOT Analysis 17.7.4. Key Developments 17.8. Formosa Plastics 17.8.1. Company Overview 17.8.2. Precursor Material Type overview 17.8.3. SWOT Analysis 17.8.4. Key Developments 17.9. Mitsubishi Rayon 17.9.1. Company Overview 17.9.2. Precursor Material Type overview 17.9.3. SWOT Analysis 17.9.4. Key Developments 17.10. Toho Tenax 17.10.1. Company Overview 17.10.2. Precursor Material Type overview 17.10.3. SWOT Analysis 17.10.4. Key Developments 18. Assumptions And Acronyms Used 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Precursor Material Type, 2018-2023
Table 02: Global Market Value (US$ Mn) Analysis, by Precursor Material Type, 2024-2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Precursor Material Type, 2024-2034
Table 04: Global Market Value (US$ Mn) Analysis, by Tow Size, 2018-2023
Table 05: Global Market Value (US$ Mn) Analysis, by Tow Size, 2024-2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Tow Size, 2024-2034
Table 07: Global Market Value (US$ Mn) Analysis, by End Use, 2018-2023
Table 08: Global Market Value (US$ Mn) Analysis, by End Use, 2024-2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024-2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2018-2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024-2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024-2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2018-2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024-2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024-2034
Table 16: North America Market Value (US$ Mn) Analysis, by Precursor Material Type, 2018-2023
Table 17: North America Market Value (US$ Mn) Analysis, by Precursor Material Type, 2024-2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Precursor Material Type, 2024-2034
Table 19: North America Market Value (US$ Mn) Analysis, by Tow Size, 2018-2023
Table 20: North America Market Value (US$ Mn) Analysis, by Tow Size, 2024-2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Tow Size, 2024-2034
Table 22: North America Market Value (US$ Mn) Analysis, by End Use, 2018-2023
Table 23: North America Market Value (US$ Mn) Analysis, by End Use, 2024-2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024-2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2018-2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024-2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024-2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Precursor Material Type, 2018-2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Precursor Material Type, 2024-2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Precursor Material Type, 2024-2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Tow Size, 2018-2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Tow Size, 2024-2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Tow Size, 2024-2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by End Use, 2018-2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024-2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024-2034
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2018-2023
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2024-2034
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024-2034
Table 40: Europe Market Value (US$ Mn) Analysis, by Precursor Material Type, 2018-2023
Table 41: Europe Market Value (US$ Mn) Analysis, by Precursor Material Type, 2024-2034
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Precursor Material Type, 2024-2034
Table 43: Europe Market Value (US$ Mn) Analysis, by Tow Size, 2018-2023
Table 44: Europe Market Value (US$ Mn) Analysis, by Tow Size, 2024-2034
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Tow Size, 2024-2034
Table 46: Europe Market Value (US$ Mn) Analysis, by End Use, 2018-2023
Table 47: Europe Market Value (US$ Mn) Analysis, by End Use, 2024-2034
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024-2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2018-2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2024-2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024-2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Precursor Material Type, 2018-2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Precursor Material Type, 2024-2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Precursor Material Type, 2024-2034
Table 55: East Asia Market Value (US$ Mn) Analysis, by Tow Size, 2018-2023
Table 56: East Asia Market Value (US$ Mn) Analysis, by Tow Size, 2024-2034
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Tow Size, 2024-2034
Table 58: East Asia Market Value (US$ Mn) Analysis, by End Use, 2018-2023
Table 59: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024-2034
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024-2034
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2018-2023
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2024-2034
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2024-2034
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Precursor Material Type, 2018-2023
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Precursor Material Type, 2024-2034
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Precursor Material Type, 2024-2034
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Tow Size, 2018-2023
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Tow Size, 2024-2034
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Tow Size, 2024-2034
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by End Use, 2018-2023
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by End Use, 2024-2034
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024-2034
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2018-2023
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2024-2034
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024-2034
Table 76: MEA Market Value (US$ Mn) Analysis, by Precursor Material Type, 2018-2023
Table 77: MEA Market Value (US$ Mn) Analysis, by Precursor Material Type, 2024-2034
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Precursor Material Type, 2024-2034
Table 79: MEA Market Value (US$ Mn) Analysis, by Tow Size, 2018-2023
Table 80: MEA Market Value (US$ Mn) Analysis, by Tow Size, 2024-2034
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Tow Size, 2024-2034
Table 82: MEA Market Value (US$ Mn) Analysis, by End Use, 2018-2023
Table 83: MEA Market Value (US$ Mn) Analysis, by End Use, 2024-2034
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024-2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2018-2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024-2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure 04: Global Market Incremental $ Opportunity, 2024-2034
Figure 05: Global Market Share and BPS Analysis by Precursor Material Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Precursor Material Type, 2024-2034
Figure 07: Global Market Attractiveness Analysis by Precursor Material Type, 2024-2034
Figure 08: Global Market Share and BPS Analysis by Tow Size, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Tow Size, 2024-2034
Figure 10: Global Market Attractiveness Analysis by Tow Size, 2024-2034
Figure 11: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by End Use, 2024-2034
Figure 13: Global Market Attractiveness Analysis by End Use, 2024-2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024-2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024-2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2018-2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024-2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2032
Figure 20: North America Market Incremental $ Opportunity, 2024-2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024-2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024-2034
Figure 24: North America Market Share and BPS Analysis by Precursor Material Type, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Precursor Material Type, 2024-2034
Figure 26: North America Market Attractiveness Analysis by Precursor Material Type, 2024-2034
Figure 27: North America Market Share and BPS Analysis by Tow Size, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Tow Size, 2024-2034
Figure 29: North America Market Attractiveness Analysis by Tow Size, 2024-2034
Figure 30: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by End Use, 2024-2034
Figure 32: North America Market Attractiveness Analysis by End Use, 2024-2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2018-2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024-2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024-2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024-2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024-2034
Figure 40: Latin America Market Share and BPS Analysis by Precursor Material Type, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Precursor Material Type, 2024-2034
Figure 42: Latin America Market Attractiveness Analysis by Precursor Material Type, 2024-2034
Figure 43: Latin America Market Share and BPS Analysis by Tow Size, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Tow Size, 2024-2034
Figure 45: Latin America Market Attractiveness Analysis by Tow Size, 2024-2034
Figure 46: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by End Use, 2024-2034
Figure 48: Latin America Market Attractiveness Analysis by End Use, 2024-2034
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2018-2023
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2024-2034
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure 52: Europe Market Incremental $ Opportunity, 2024-2034
Figure 53: Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2024-2034
Figure 55: Europe Market Attractiveness Analysis by Country, 2024-2034
Figure 56: Europe Market Share and BPS Analysis by Precursor Material Type, 2024 & 2034
Figure 57: Europe Market Y-o-Y Growth Projections by Precursor Material Type, 2024-2034
Figure 58: Europe Market Attractiveness Analysis by Precursor Material Type, 2024-2034
Figure 59: Europe Market Share and BPS Analysis by Tow Size, 2024 & 2034
Figure 60: Europe Market Y-o-Y Growth Projections by Tow Size, 2024-2034
Figure 61: Europe Market Attractiveness Analysis by Tow Size, 2024-2034
Figure 62: Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 63: Europe Market Y-o-Y Growth Projections by End Use, 2024-2034
Figure 64: Europe Market Attractiveness Analysis by End Use, 2024-2034
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2018-2023
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024-2034
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure 68: East Asia Market Incremental $ Opportunity, 2024-2034
Figure 69: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2024-2034
Figure 71: East Asia Market Attractiveness Analysis by Country, 2024-2034
Figure 72: East Asia Market Share and BPS Analysis by Precursor Material Type, 2024 & 2034
Figure 73: East Asia Market Y-o-Y Growth Projections by Precursor Material Type, 2024-2034
Figure 74: East Asia Market Attractiveness Analysis by Precursor Material Type, 2024-2034
Figure 75: East Asia Market Share and BPS Analysis by Tow Size, 2024 & 2034
Figure 76: East Asia Market Y-o-Y Growth Projections by Tow Size, 2024-2034
Figure 77: East Asia Market Attractiveness Analysis by Tow Size, 2024-2034
Figure 78: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 79: East Asia Market Y-o-Y Growth Projections by End Use, 2024-2034
Figure 80: East Asia Market Attractiveness Analysis by End Use, 2024-2034
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2018-2023
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2024-2034
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2024-2034
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2024 & 2034
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2024-2034
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2024-2034
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Precursor Material Type, 2024 & 2034
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Precursor Material Type, 2024-2034
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Precursor Material Type, 2024-2034
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Tow Size, 2024 & 2034
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Tow Size, 2024-2034
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Tow Size, 2024-2034
Figure 94: South Asia & Oceania Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by End Use, 2024-2034
Figure 96: South Asia & Oceania Market Attractiveness Analysis by End Use, 2024-2034
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2018-2023
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2024-2034
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2018-2034
Figure 100: MEA Market Incremental $ Opportunity, 2024-2034
Figure 101: MEA Market Share Analysis by Country, 2024 & 2034
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2024-2034
Figure 103: MEA Market Attractiveness Analysis by Country, 2024-2034
Figure 104: MEA Market Share and BPS Analysis by Precursor Material Type, 2024 & 2034
Figure 105: MEA Market Y-o-Y Growth Projections by Precursor Material Type, 2024-2034
Figure 106: MEA Market Attractiveness Analysis by Precursor Material Type, 2024-2034
Figure 107: MEA Market Share and BPS Analysis by Tow Size, 2024 & 2034
Figure 108: MEA Market Y-o-Y Growth Projections by Tow Size, 2024-2034
Figure 109: MEA Market Attractiveness Analysis by Tow Size, 2024-2034
Figure 110: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 111: MEA Market Y-o-Y Growth Projections by End Use, 2024-2034
Figure 112: MEA Market Attractiveness Analysis by End Use, 2024-2034
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- FAQs -
How big is the carbon fiber market in 2024?
The global carbon fiber market is estimated at US$ 5.74 billion in 2024.
Which industries use the most carbon fiber?
Carbon fiber is mainly used in aerospace, defense, aviation, automotive, construction, sports, and marine sectors.
What is the projected revenue from carbon fiber sales for 2034?
By 2034, worldwide revenue from carbon fiber sales is projected to reach US$ 13.71 billion.
How fast are carbon fiber sales projected to grow?
Carbon fiber sales are forecasted to increase at 9.1% CAGR through 2034.
What is the sales forecast for carbon fiber in North America?
Carbon fiber sales in North America are forecasted to increase at 6.8% CAGR from 2024 to 2034.
At what rate is the market projected to expand in East Asia?
The East Asia market is projected to expand at a CAGR of 10.1% from 2024 to 2034.
At what rate are carbon fiber sales forecasted to rise in Japan?
Carbon fiber sales in Japan are forecasted to increase at a CAGR of 9.3% from 2024 to 2034.
Carbon Fiber Market