** U.S (New York) According to Report Ocean recently released its “Carbon Fiber Market ” Research Report for the years 2023-2032. This report conducts an extensive examination of the market, delving deep into its dynamics, encompassing crucial trends, emerging technologies, driving forces, challenges, and regulatory measures. In addition, it provides insights into the strategies and profiles of key industry players. Comprising over 100+ data tables, pie charts, graphs, and figures, this market study offers a comprehensive understanding of the market landscape. It delivers a thorough evaluation, encompassing future trends, current growth drivers, expert perspectives, factual insights, and industry-validated market data, all of which contribute to precise forecasts extending until 2032.
The global carbon fiber market was valued at $2,766 million in 2017, and is anticipated to reach $5,991 million by 2025, growing at a CAGR of 11.7% during the forecast period. In terms of volume, the market is anticipated to reach 197 kilotons by 2025, growing at a CAGR of 14.3%. It is segmented based on raw material, type, form, end-use industry, and geography. The demand for carbon fiber has increased owing to its increased use in wind turbines, automotive, sailing/yacht building, marine, and aerospace & defense industry. Fibers consisting of 92% or greater carbon weight are known as carbon fiber, which offers properties such as light weightiness, elasticity, stiffness, strength, high temperature resistance, high damping properties, and chemical inertness.
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Who is the largest manufacturers of Carbon Fiber Market Worldwide ?
>Toray Industries Inc.
>SGL Carbon SE
>Solvay SA
>Cytec Industries Inc.
>Mitsubishi Chemical Holdings Corporation
>Hyosung Corporation
>Teijin Limited
>DowAksa Advanced Composites Holding B.V.
>OJSC “Svetlogorskkhimvolokno”
>Nippon Steel & Sumitomo Metal Corporation
OTHER KEY PLAYERS IN THE MARKET VALUE CHAIN INCLUDE THE FOLLOWING:
>Formosa Plastic Corporation
>Bluestar Fiber Company Ltd.
>Zoltek Companies
>Crosby Composites
>Plasan Carbon Composites
Has there been any international intervention to address the Russia-Ukraine War?
Minsk Agreements: The Minsk Agreements are a set of ceasefire agreements aimed at resolving the conflict in Eastern Ukraine. They were negotiated through the Organization for Security and Cooperation in Europe (OSCE) with the involvement of Russia, Ukraine, and representatives of the self-proclaimed Donetsk and Luhansk People’s Republics. These agreements have been a centerpiece of diplomatic efforts, but they have not led to a comprehensive resolution of the conflict.
Normandy Format: The Normandy Format is a diplomatic group involving the leaders of Ukraine, Russia, Germany, and France. This format has been used to facilitate negotiations and discussions aimed at resolving the conflict, but it has faced numerous challenges and has not resulted in a lasting peace settlement.
OSCE Monitoring Mission: The Organization for Security and Cooperation in Europe (OSCE) has deployed a Special Monitoring Mission (SMM) to Ukraine. This mission’s purpose is to monitor the security situation, report on violations, and facilitate dialogue between the conflicting parties.
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Sanctions: Many Western countries, including the United States and the European Union, imposed economic sanctions on Russia in response to its actions in Ukraine. These sanctions were intended to put economic pressure on Russia and encourage a diplomatic solution.
United Nations: The United Nations has been involved in various ways, including efforts to facilitate humanitarian assistance and providing a forum for international discussions on the conflict.
Humanitarian Aid: Various international organizations and countries have provided humanitarian assistance to people affected by the conflict in Ukraine.
Based on the raw material, the market is bifurcated into pan-based and pitch-based & rayon-based carbon fiber. Pan-based carbon fiber segment is projected to grow at the highest CAGR in the future. Based on the type, the market is divided into continuous, long, and short carbon fibers. Continuous carbon fiber dominated the market in 2017 and is also projected to register the highest growth rate. Aerospace & defense, sports/leisure, wind turbines, molding compounds, automotive, pressure vessels, civil engineering, marine, pultrusion misc., misc. consumer, and sailing/yacht building are the various end-use industries for this market. Aerospace & defense segment was the largest revenue contributor in 2017, whereas the wind turbine segment is projected to witness the highest CAGR. Increased penetration of carbon fiber in the automotive industry and rise in demand for carbon fiber in aerospace & defense sector drive the market growth. However, the growth of carbon fiber market is restricted owing to its high prices & unavailability.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America led the market, both in terms of value & volume, in 2017, due to the presence of major carbon fiber suppliers and manufacturers. It is also projected to register the highest demand for carbon fiber, owing to the increased demand from aerospace & defense, automotive, wind turbine, and sports/leisure industries.
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KEY MARKET BENEFITS
- The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global carbon fiber market to elucidate the prevailing opportunities and the probable investment pockets.
- It offers qualitative trends as well as quantitative analysis from 2017 to 2025 to assist the stakeholders to understand the market scenario.
- A detailed analysis of the key segments demonstrates the consumption of carbon fiber in different applications across various industries.
- Competitive intelligence highlights the business practices, strategies, and developments followed by key business players across the geographies.
Key Market Segments:
BY RAW MATERIAL
>Pan-Based Carbon Fiber
>Pitch-Based & Rayon-Based Carbon Fiber
BY TYPE
>Continuous Carbon Fiber
>Long Carbon Fiber
>Short Carbon Fiber
BY FORM
>Composite
>Non-Composite
BY END-USER INDUSTRY
>Aerospace & Defense
>Sports/Leisure
>Wind Turbines
>Molding & Compounds
>Automotive
>Pressure Vessels
>Civil Engineering
>Marine
>Pultrusion Misc.
>Misc. Consumer
>Sailing/Yacht Building
>Others (Misc. Energy, Oil & Gas, Medical and Industrial Rollers)
BY GEOGRAPHY
>North America ?U.S.
?Canada
?Mexico
>Europe ?UK
?Germany
?France
?Spain
?Italy
?Rest of Europe
>Asia-Pacific ?China
?Korea
?Japan
?India
?Rest of Asia-Pacific
>LAMEA ?Brazil
?Argentina
?UAE
?Saudi Arabia
?Rest Of LAMEA
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
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What are the goals of the report?
- The predicted market size for the Market Industry at the conclusion of the forecast period is shown in this market report.
- The paper also analyses market sizes in the past and present.
- The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
- The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
- The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, as well as future growth opportunities.
- The study examines the future period’s growth rate, market size, and market worth.
PEST Factors:
Political Factors:
- Identification of government policies and political groups that may impact business success.
- Assessment of political environment stability and potential for changes.
- Evaluation of upcoming local, state, or national elections and their potential influence on government policies.
- Analysis of key contenders for power and their stance on trade policies affecting the organization.
- Examination of property rights, rule of law, corruption, and organized crime levels, along with potential future changes and implications.
- Consideration of pending legislation and tax changes that could affect the business positively or negatively.
- Review of business regulations and potential changes, and identification of trends towards regulation or deregulation.
- Examination of government stance on corporate policies, corporate social responsibility, environmental issues, and customer protection legislation, and potential impacts.
- Estimation of the timeline for proposed legislative changes.
- Identification of other potential political factors that could bring about change.
Economic Factors:
- Anticipation of future economic influences on the business.
- Evaluation of current economic performance and its immediate effects.
- Analysis of how economic factors impact prices, income, and costs.
- Assessment of economic stability – growth, stagnation, or decline.
- Consideration of stability or fluctuations in key exchange rates.
- Examination of trends in customers’ disposable income levels and predictions for the future.
- Evaluation of unemployment rates and ease or difficulty in building a skilled workforce.
- Analysis of access to credit for consumers and businesses and its potential effects on the organization.
- Consideration of globalization’s impact on the economic environment.
- Identification of additional economic factors worth considering.
Social Factors:
- Examination of customer beliefs and values and their influence on purchasing behaviors.
- Analysis of cultural trends and human behaviors affecting the business.
- Assessment of population growth rates, age profiles, and likelihood of changes.
- Consideration of generational attitude shifts and their potential impact.
- Evaluation of health, education, and social mobility levels in society, along with changing trends and implications.
- Examination of employment patterns, labor market trends, and age-specific work attitudes.
- Analysis of relevant social attitudes, taboos, and recent socio-cultural changes.
- Consideration of the influence of religious beliefs and lifestyle choices on the population.
- Identification of other sociocultural factors with the potential to drive change.
Technological Factors:
- Assessment of current and emerging technological advances and innovations.
- Evaluation of technology’s impact on business operations.
- Identification of new technologies currently being used or considered for implementation.
- Anticipation of potentially disruptive technologies on the horizon.
- Analysis of competitors’ access to new technologies that could redefine products.
- Examination of focus areas for government and educational institution research, with potential opportunities for the business.
- Assessment of how changes in infrastructure have affected work patterns (e.g., remote work levels).
- Identification of existing technology hubs for potential collaboration and learning.
- Consideration of other relevant technology-related factors.
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