Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare
Free Samples
CarbonFiberComposites

PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1615812

Cover Image

PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1615812

Carbon Fiber Composites Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

PUBLISHED:
PAGES: 235 Pages
DELIVERY TIME: 2-5 business days
REQUEST FREE SAMPLE
REQUEST CUSTOMIZATION
SELECT AN OPTION
Unprintable PDF & Excel (Single User License)
USD 4995
Unprintable PDF & Excel (Multi User License upto 5 users)
USD 8495
Printable PDF & Excel (Enterprise License above 5 users)
USD 10600

Add to Cart

Description

Table of Contents

The global carbon fiber composites market is projected to grow from USD 22.64 billion in 2023 to USD 35.42 billion by 2031, expanding at a robust CAGR of 6.6%. Carbon fiber composites, known for their superior strength-to-weight ratio, are revolutionizing industries such as aerospace, automotive, renewable energy, and sports equipment. This press release provides insights into market dynamics, growth drivers, regional analysis, and the competitive landscape shaping this thriving sector.

Carbon fiber composites consist of carbon fibers embedded within a matrix material, typically polymer, metal, or ceramic. These materials offer exceptional durability, lightweight properties, and versatility, making them integral in applications where performance and sustainability are critical.

  • Key Attributes: Lightweight, high tensile strength, corrosion resistance, and recyclability.
  • Primary Applications: Aerospace components, automotive parts, wind turbine blades, sports equipment, and marine applications.

Market Growth Drivers

1.Rising Demand in Aerospace

  • The aerospace industry's emphasis on fuel efficiency and performance drives the adoption of lightweight materials like carbon fiber composites.
  • Applications include aircraft fuselages, wings, and interior components, all benefiting from improved strength and reduced weight.

2.Automotive Industry's Push for Sustainability

  • With stricter emission regulations, automakers are leveraging carbon fiber composites to reduce vehicle weight without compromising safety or structural integrity.
  • Electric vehicles (EVs) are also adopting these materials to enhance battery efficiency and range.

3.Renewable Energy Sector Growth

  • Wind turbine manufacturers utilize carbon fiber composites to produce lighter and more durable blades, contributing to increased energy efficiency.

4.Technological Advancements

  • Innovations in manufacturing techniques, such as automated lay-up processes, have reduced production costs, boosting market adoption.

Market Restraints

1.High Material Costs

  • The production of carbon fiber composites involves expensive raw materials like polyacrylonitrile (PAN), impacting overall costs.

2.Complex Regulatory Environment

  • Stringent environmental and safety regulations require manufacturers to adapt to evolving compliance standards, posing challenges in production and distribution.

Opportunities

1.Exponential Growth in Electric Vehicles

  • Carbon fiber composites are playing a pivotal role in the EV industry by reducing vehicle weight, improving battery performance, and enhancing overall efficiency.
  • The global transition to EVs creates a substantial market opportunity for composite manufacturers.

2.Emerging Applications in Sports and Marine Sectors

  • Growing consumer interest in high-performance sports equipment and lightweight marine applications presents a lucrative avenue for market expansion.

Regional Analysis

1.East Asia Dominates the Market

  • Countries like China, Japan, and South Korea are leading producers and consumers of carbon fiber composites, driven by robust aerospace, automotive, and electronics industries.
  • Significant investments in infrastructure and innovation have solidified East Asia's position as a global market leader.

2.South Asia and Oceania Show Rapid Growth

  • Rising disposable incomes, expanding industrialization, and a focus on sustainability fuel demand in countries such as India and Australia.
  • Key applications include automotive components and renewable energy projects like wind turbines.

3.North America and Europe

  • Both regions maintain strong market positions due to advanced R&D capabilities and widespread use of composites in high-tech industries like aerospace and defense.

Competitive Analysis

Prominent companies such as Toray Industries, Hexcel Corporation, and Teijin Limited are spearheading innovation and expansion in the carbon fiber composites market.

Key Players:

  • Toray+Zoltek
  • SGL Carbon
  • Toho
  • MRC
  • Hexcel Corporation
  • Rock West Composites
  • Hengshen
  • Mitsubishi Chemical Fiber Corporation
  • Teijin Limited
  • Solvay

Carbon Fiber Composites Market Segmentation

1.By Matrix Material:

  • Polymer Matrix (Thermosetting, Thermoplastics)
  • Carbon Matrix
  • Ceramic Matrix
  • Metal Matrix
  • Hybrid Matrix

2.By Application:

  • Aerospace
  • Automotive
  • Wind Turbines
  • Sports & Leisure
  • Civil Engineering
  • Marine Applications

3.By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Show more

Table of Contents

1. Executive Summary

  • 1.1. Global Carbon Fiber Composites Market Snapshot
  • 1.2. Future Projections
  • 1.3. Key Market Trends
  • 1.4. Regional Snapshot, by Value, 2024
  • 1.5. Analyst Recommendations

2. Market Overview

  • 2.1. Market Definitions and Segmentations
  • 2.2. Market Dynamics
    • 2.2.1. Drivers
    • 2.2.2. Restraints
    • 2.2.3. Market Opportunities
  • 2.3. Value Chain Analysis
  • 2.4. Porter's Five Forces Analysis
  • 2.5. COVID-19 Impact Analysis
    • 2.5.1. Supply
    • 2.5.2. Demand
  • 2.6. Economic Overview
    • 2.6.1. World Economic Projections
  • 2.7. PESTLE Analysis

3. Production Output and Trade Statistics, 2019 - 2023

  • 3.1. Global Carbon Fiber Composites, Production Output, by Region, 2019 - 2023
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. Middle East & Africa

4. Global Carbon Fiber Composites Market Outlook, 2019 - 2031

  • 4.1. Global Carbon Fiber Composites Market Outlook, by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 4.1.1. Key Highlights
      • 4.1.1.1. Polymer Matrix
        • 4.1.1.1.1. Thermosetting
        • 4.1.1.1.2. Thermoplastics
      • 4.1.1.2. Carbon Matrix
      • 4.1.1.3. Ceramics Matrix
      • 4.1.1.4. Metal Matrix
      • 4.1.1.5. Hybrid Matrix
  • 4.2. Global Carbon Fiber Composites Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 4.2.1. Key Highlights
      • 4.2.1.1. Aerospace
      • 4.2.1.2. Automotive
      • 4.2.1.3. Wind Turbines
      • 4.2.1.4. Sports & Leisure
      • 4.2.1.5. Civil Engineering
      • 4.2.1.6. Marine Applications
      • 4.2.1.7. Other Applications
  • 4.3. Global Carbon Fiber Composites Market Outlook, by Region, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 4.3.1. Key Highlights
      • 4.3.1.1. North America
      • 4.3.1.2. Europe
      • 4.3.1.3. Asia Pacific
      • 4.3.1.4. Latin America
      • 4.3.1.5. Middle East & Africa

5. North America Carbon Fiber Composites Market Outlook, 2019 - 2031

  • 5.1. North America Carbon Fiber Composites Market Outlook, by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 5.1.1. Key Highlights
      • 5.1.1.1. Polymer Matrix
        • 5.1.1.1.1. Thermosetting
        • 5.1.1.1.2. Thermoplastics
      • 5.1.1.2. Carbon Matrix
      • 5.1.1.3. Ceramics Matrix
      • 5.1.1.4. Metal Matrix
      • 5.1.1.5. Hybrid Matrix
  • 5.2. North America Carbon Fiber Composites Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 5.2.1. Key Highlights
      • 5.2.1.1. Aerospace
      • 5.2.1.2. Automotive
      • 5.2.1.3. Wind Turbines
      • 5.2.1.4. Sports & Leisure
      • 5.2.1.5. Civil Engineering
      • 5.2.1.6. Marine Applications
      • 5.2.1.7. Other Applications
    • 5.2.2. BPS Analysis/Market Attractiveness Analysis
  • 5.3. North America Carbon Fiber Composites Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 5.3.1. Key Highlights
      • 5.3.1.1. U.S. Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 5.3.1.2. U.S. Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 5.3.1.3. Canada Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 5.3.1.4. Canada Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Carbon Fiber Composites Market Outlook, 2019 - 2031

  • 6.1. Europe Carbon Fiber Composites Market Outlook, by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 6.1.1. Key Highlights
      • 6.1.1.1. Polymer Matrix
        • 6.1.1.1.1. Thermosetting
        • 6.1.1.1.2. Thermoplastics
      • 6.1.1.2. Carbon Matrix
      • 6.1.1.3. Ceramics Matrix
      • 6.1.1.4. Metal Matrix
      • 6.1.1.5. Hybrid Matrix
  • 6.2. Europe Carbon Fiber Composites Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 6.2.1. Key Highlights
      • 6.2.1.1. Aerospace
      • 6.2.1.2. Automotive
      • 6.2.1.3. Wind Turbines
      • 6.2.1.4. Sports & Leisure
      • 6.2.1.5. Civil Engineering
      • 6.2.1.6. Marine Applications
      • 6.2.1.7. Other Applications
    • 6.2.2. BPS Analysis/Market Attractiveness Analysis
  • 6.3. Europe Carbon Fiber Composites Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 6.3.1. Key Highlights
      • 6.3.1.1. Germany Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.2. Germany Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.3. U.K. Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.4. U.K. Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.5. France Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.6. France Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.7. Italy Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.8. Italy Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.9. Turkey Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.10. Turkey Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.11. Russia Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.12. Russia Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.13. Rest of Europe Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 6.3.1.14. Rest of Europe Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Carbon Fiber Composites Market Outlook, 2019 - 2031

  • 7.1. Asia Pacific Carbon Fiber Composites Market Outlook, by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 7.1.1. Key Highlights
      • 7.1.1.1. Polymer Matrix
        • 7.1.1.1.1. Thermosetting
        • 7.1.1.1.2. Thermoplastics
      • 7.1.1.2. Carbon Matrix
      • 7.1.1.3. Ceramics Matrix
      • 7.1.1.4. Metal Matrix
      • 7.1.1.5. Hybrid Matrix
  • 7.2. Asia Pacific Carbon Fiber Composites Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 7.2.1. Key Highlights
      • 7.2.1.1. Aerospace
      • 7.2.1.2. Automotive
      • 7.2.1.3. Wind Turbines
      • 7.2.1.4. Sports & Leisure
      • 7.2.1.5. Civil Engineering
      • 7.2.1.6. Marine Applications
      • 7.2.1.7. Other Applications
    • 7.2.2. BPS Analysis/Market Attractiveness Analysis
  • 7.3. Asia Pacific Carbon Fiber Composites Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 7.3.1. Key Highlights
      • 7.3.1.1. China Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.2. China Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.3. Japan Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.4. Japan Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.5. South Korea Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.6. South Korea Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.7. India Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.8. India Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.9. Southeast Asia Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.10. Southeast Asia Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.11. Rest of Asia Pacific Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 7.3.1.12. Rest of Asia Pacific Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America Carbon Fiber Composites Market Outlook, 2019 - 2031

  • 8.1. Latin America Carbon Fiber Composites Market Outlook, by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 8.1.1. Key Highlights
      • 8.1.1.1. Polymer Matrix
        • 8.1.1.1.1. Thermosetting
        • 8.1.1.1.2. Thermoplastics
      • 8.1.1.2. Carbon Matrix
      • 8.1.1.3. Ceramics Matrix
      • 8.1.1.4. Metal Matrix
      • 8.1.1.5. Hybrid Matrix
  • 8.2. Latin America Carbon Fiber Composites Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 8.2.1.1. Aerospace
      • 8.2.1.2. Automotive
      • 8.2.1.3. Wind Turbines
      • 8.2.1.4. Sports & Leisure
      • 8.2.1.5. Civil Engineering
      • 8.2.1.6. Marine Applications
      • 8.2.1.7. Other Applications
    • 8.2.2. BPS Analysis/Market Attractiveness Analysis
  • 8.3. Latin America Carbon Fiber Composites Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 8.3.1. Key Highlights
      • 8.3.1.1. Brazil Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 8.3.1.2. Brazil Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 8.3.1.3. Mexico Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 8.3.1.4. Mexico Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 8.3.1.5. Argentina Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 8.3.1.6. Argentina Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 8.3.1.7. Rest of Latin America Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 8.3.1.8. Rest of Latin America Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa Carbon Fiber Composites Market Outlook, 2019 - 2031

  • 9.1. Middle East & Africa Carbon Fiber Composites Market Outlook, by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 9.1.1. Key Highlights
      • 9.1.1.1. Polymer Matrix
        • 9.1.1.1.1. Thermosetting
        • 9.1.1.1.2. Thermoplastics
      • 9.1.1.2. Carbon Matrix
      • 9.1.1.3. Ceramics Matrix
      • 9.1.1.4. Metal Matrix
      • 9.1.1.5. Hybrid Matrix
  • 9.2. Middle East & Africa Carbon Fiber Composites Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 9.2.1. Key Highlights
      • 9.2.1.1. Aerospace
      • 9.2.1.2. Automotive
      • 9.2.1.3. Wind Turbines
      • 9.2.1.4. Sports & Leisure
      • 9.2.1.5. Civil Engineering
      • 9.2.1.6. Marine Applications
      • 9.2.1.7. Other Applications
    • 9.2.2. BPS Analysis/Market Attractiveness Analysis
  • 9.3. Middle East & Africa Carbon Fiber Composites Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 9.3.1. Key Highlights
      • 9.3.1.1. GCC Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 9.3.1.2. GCC Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 9.3.1.3. South Africa Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 9.3.1.4. South Africa Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 9.3.1.5. Egypt Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 9.3.1.6. Egypt Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 9.3.1.7. Nigeria Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 9.3.1.8. Nigeria Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 9.3.1.9. Rest of Middle East & Africa Carbon Fiber Composites Market by Matrix Material, Volume (Tons) and Value (US$ Bn), 2019 - 2031
      • 9.3.1.10. Rest of Middle East & Africa Carbon Fiber Composites Market Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
    • 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

  • 10.1. End Use vs Application Heatmap
  • 10.2. Manufacturer vs Application Heatmap
  • 10.3. Company Market Share Analysis, 2024
  • 10.4. Competitive Dashboard
  • 10.5. Company Profiles
    • 10.5.1. Toray+Zoltek
      • 10.5.1.1. Company Overview
      • 10.5.1.2. Product Portfolio
      • 10.5.1.3. Financial Overview
      • 10.5.1.4. Business Strategies and Development
    • 10.5.2. SGL Carbon
    • 10.5.3. Toho
    • 10.5.4. MRC
    • 10.5.5. Hexcel Corporation
    • 10.5.6. Rock West Composites
    • 10.5.7. Hengshen
    • 10.5.8. Mitsubishi Chemical Fiber Corporation
    • 10.5.9. Teijin Limited
    • 10.5.10. Solvay

11. Appendix

  • 11.1. Research Methodology
  • 11.2. Report Assumptions
  • 11.3. Acronyms and Abbreviations
Show more
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Contact Us +1-866-353-3335
Hi, how can we help?
Contact us!