Carbon Fiber Composites Market Outlook (2023 to 2033)
The carbon fiber composites market size is projected to be valued at US$ 20,995.8 million in 2023 and is expected to rise to US$ 39,412.1 million by 2033. The sales of carbon fiber composites are expected to register a significant CAGR of 6.5% during the forecast period.
Carbon fiber composites offer high corrosion resistance, reduced thermal expansion, and exceptional durability, rendering them utilized in the production of aerospace parts. Additionally, increasing aircraft production may further expand the carbon fiber composites industry over the forecast period.
The market is experiencing a slew of material innovations, including the introduction of Carbon Fiber Reinforced Thermoplastic (CFRTP). Advanced CFRTP with mass production technology has a molding time of one minute with around 40% lighter and ten times higher impact resistance compared to steel.
Automotive manufacturers are actively investing in the research and development of advanced materials for high-volume production vehicles. GM and Teijin Limited jointly developed the box design with a molding time of around one minute, which increases the production rates.
Attributes
Details
Market CAGR (2023 to 2033)
6.5%
Market Valuation (2023)
US$ 20,995.8 million
Market Valuation (2033)
US$ 39,412.1million
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What are the Factors Driving the Global Carbon Fiber Composites Market?
Unceasing Developments and Research Projects to Boost the Market Growth
Continuous breakthroughs in advanced carbon fiber composites, such as Carbon Fiber Reinforced Thermoplastic (CFRTP), and their vastly increased use in high-volume vehicles may propel industry growth. The advanced CFRTP with mass production technology has a molding time of about one minute, is 40.1% lighter, and has ten times the impact resistance of steel.
Automotive manufacturers are actively investing in research and development to create advanced materials for high-volume production vehicles. The box design was developed in conjunction with GM and Teijin Limited, and it has a molding time of about one minute, which enhances production rates.
Substantial research project activities to build innovative carbon fibers, as well as reduce the carbon footprint of composite material fabrication, may boost business penetration. The researchers are actively investing in the production of carbon fiber from byproducts of forestry, such as lignin, which lessens the use of petroleum raw materials.
The project aims to reduce product costs by around 31% while reducing carbon footprint by about 49.8% during carbon fiber production.
In March 2022, the University of Limerick inaugurated the LIBRE project in collaboration with Germany, Sweden, the United Kingdom, Ireland, and Italy, with a US$ 5.5 million investment. Bio-Based Industries Joint Venture obtained the funding through the European Union's Horizon 2020 Research and Innovation Program.
Unique Characteristics of Carbon Fiber Composites to Spur Demand
Carbon fiber composites' unique characteristics, such as extreme strength, lightweight, corrosion resistance, equitable chemical reactivity, X-ray transparency, thermal conductivity, and low coefficient of thermal expansion, have elevated their relevance in heavy-duty applications.
A matrix material is utilized in a wide range of industries to provide adequate physical, thermal, mechanical, and electrical properties. Notably, favorable regulatory norms to lessen vehicular emissions are expected to aid the growth of the carbon fiber composites market during the analysis period.
Carbon fiber composites are extensively used in cruisers, racing vessels, and yachts because they are durable, reliable, and withstand extreme marine conditions. Marine vehicles made of carbon fiber composites are faster, more fuel efficient, and more cost-effective.
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What are the Challenges of the Global Carbon Fiber Composites Industry?
Hurdles associated with composite carbon recycling may impede distribution efficiency in the coming years. Manufacturers grind or break carbon fiber components at extremely high temperatures during recycling to recover expensive carbon fiber. This extraction process elevates the cost of the entire product, impeding the growth of the market.
2018 to 2022 Carbon Fiber Composites Market Consumption Analysis Outlook Compared to 2023 to 2033 Forecast
Sales of carbon fiber composites increased at 5.7% CAGR between the period of 2018 and 2022.
These years saw an increasing demand for carbon fiber composites across various industries, driven by the need for lightweight, high-strength materials. Industries such as aerospace, automotive, wind energy, sports and leisure, and construction significantly contributed to the consumption of carbon fiber composites during this period.
The carbon fiber composites market is expected to experience further growth and expansion during the forecast period. Factors such as the ongoing emphasis on fuel efficiency, sustainability, and technological advancements are projected to drive the demand for carbon fiber composites in the coming years. The aerospace industry, in particular, is expected to witness significant growth due to the rising demand for lightweight aircraft components.
The wind energy sector is also projected to contribute to the consumption of carbon fiber composites as the construction of wind farms continues to expand globally. The lightweight and high-strength properties of carbon fiber composites make them an ideal choice for wind turbine blades.
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Comparative View of the Adjacent Market
Carbon Fiber Composites Market:
Attributes
Carbon Fiber Composites Market
CAGR (2023 to 2033)
6.5%
Market Value (2033)
US$ 39,412.1 million
Growth Factor
Carbon fiber composites' unique characteristics, such as extreme strength, lightweight, corrosion resistance, equitable chemical reactivity, X-ray transparency, thermal conductivity, and low coefficient of thermal expansion, have elevated their relevance in heavy-duty applications.
Opportunity
Automotive manufacturers are actively investing in research and development to create advanced materials for high-volume production vehicles.
Carbon Negative Market:
Attributes
Carbon Negative Market
CAGR (2023 to 2033)
4.9%
Market Value (2033)
US$ 1,407,111.3 million
Growth Factor
Growing industrialization and construction activities around the world.
Opportunity
Construction, rubber, pharmaceuticals, polymers & plastics, and other industrial sectors have all seen significant advancements in technology and product lines. Due to the increased demand, businesses are introducing low-carbon Fiber composites into their production processes to improve product quality.
Metalworking Fluids Market:
Attributes
Metalworking Fluids Market
CAGR (2023 to 2033)
3.7%
Market Value (2033)
US$ 11.51 billion
Growth Factor
Demand for metalworking fluids is rising as lightweight materials are used more frequently in high-performance applications, particularly in the automobile sector.
Opportunity
Innovative manufacturing methods have been developed as a result of continual research and development efforts to produce complicated geometric shapes.
Country-wise Insight
North America May Remain a Frontrunner in the Carbon Fiber Composites Market
Sales Prospects to Widen Amid a Burgeoning Aerospace Industry
Given the large concentration of aircraft manufacturers and the escalating incorporation of composites in aircraft, the North American carbon fiber composites market is predicted to garner a market share of 41% in 2022. Rising aircraft clamor globally as a result of enhanced air passenger traffic, combined with the expansion of new air travel routes, is growing the regional share.
Aircraft manufacturers and industry players are investing in R&D to develop advanced materials that strengthen aircraft operational capabilities. In addition, with the emergence of new distributors, industry participants are strengthening their regional distribution channels.
The North American market is projected to increase significantly over the forecast period, with a CAGR of around 8% until 2033. The United States dominated the ceramic coatings market in North America.
Because of the expansion in air cargo, the total commercial aircraft fleet is predicted to exceed 8,270 in 2037, according to the Federal Aviation Administration (FAA). Furthermore, as the existing fleet ages, the United States. The Mainliner carrier fleet is expected to grow to 54 aircraft per year.
Potent exports of aerospace components to countries such as France, China, and Germany, as well as robust consumer spending in the United States, are driving the aerospace industry's manufacturing activities.
How is Europe expected to perform in the Carbon Fiber Composites Industry?
Akin to North America, Europe Experienced Noteworthy Gains in the Aerospace Sector
Due to high demand from the aerospace & defense and wind energy end-use industries, Europe accounted for the highest market share and is likely to exhibit a CAGR of 7.7% from 2022 to 2032. Furthermore, it is the headquarters for several crucial aerospace composite manufacturers, including SGL Carbon, Solvay, and TenCate. Steadily increasing Airbus aircraft deliveries are rising significantly in composite material demand in Europe. Aside from that, the region manufactures military aircraft and helicopters.
Europe is a world leader in offshore wind energy implementations. The European region has been most affected by COVID-19, with decreased industrial and economic activity in all leading countries, including Germany, France, the United Kingdom, Italy, and France. France, Germany, and the United Kingdom are key aircraft component manufacturers.
In 2019, Europe comprised more than half of global commercial aircraft production, and the European region dominated the world in offshore wind energy installations. With the integration of stringent emission norms and fuel economy standards in Europe, automobile manufacturers in Germany, Italy, and France, such as BMW, Volkswagen, Audi, and others, have begun to use carbon fiber composites in the production of their vehicles.
How Opportunistic is the Market for the Asia Pacific expected to be during the Forecast Period?
Extensive applications across the automotive industry to fuel market growth. The Asia Pacific carbon fiber composites market is predicted to expand at a CAGR of 4.7% over the evaluation period, accumulating a substantial industry share.
This expansion is being influenced by the region's increased vehicle production and sales. Furthermore, growing purchasing power, widening cargo transport, passenger travel, air flight iterations, and discounts offered by vehicle manufacturers are expected to fuel market growth in the Asia Pacific.
Category-wise Insights
By Matrix Material, which Carbon Fiber Composites Category is Likely to Dominate?
Polymer Matrix Carbon Fiber Composites to Experiencing Surging Sales
By matrix material, polymer-based carbon fibers are forecast to garner around US$ 21 billion by 2033 as a result of the advancement of several polymers and their widespread adoption in the aerospace and automotive industries.
Within polymer-based material, thermosetting polymers may experience a CAGR of 6.6% until 2032 because of their extensive use in several aerospace products and military applications.
At the same time, metal matrix carbon fiber composites are expected to flourish at a CAGR of 6.5% from 2023 to 2033 as a consequence of several benefits, such as fire and radiation resistance, as well as elevated transverse stiffness and durability offered by these materials. A sturdy metal matrix has mechanical properties that regular metals do not, making it suitable for use in the aerospace industry.
Which End Use is likely to make Maximum Use of Carbon Fiber Composites?
Aerospace to be the Primary Beneficiary of Carbon Fiber Composites Demand
Because of the widespread use of these materials in aerospace components such as airframe structures, floor panels, and landing gears, the aerospace & defense segment is expected to account for more than 60.8% of revenue by 2022.
Carbon fibers, such as Carbon-fiber Reinforced Plastic (CFRP), facilitate aircraft producers to enhance aircraft parts' fatigue and oxidation resistance. Carbon fiber has been used nearly everywhere in aircraft, most notably in planes. For example, the Boeing 787 Dreamliner passenger plane is composed of 50% composite material by weight, with most composite material being carbon fiber laminate or carbon fiber sandwich.
Simultaneously, the automotive industry is predicted to expand at a 6.4% CAGR from 2023 to 2033. The rising global demand for electric vehicles is likely to propel the penetration of automotive carbon fiber to prolong the range of electric vehicles. Most carbon fiber automotive parts are currently used in high-end sports cars and European supercars; however, some carbon fiber composite parts are available aftermarket.
Competitive Landscape
The carbon fiber composites industry is characterized by a competitive landscape with several key players operating globally. These companies compete intensely, focusing on product innovation, technological advancements, and strategic collaborations to gain a competitive edge.
Toray Industries: Toray Industries strongly focuses on research and development, enabling them to introduce advanced carbon fiber technologies to the market.
Teijin Limited: Teijin's carbon fiber composites find applications in the aerospace, automotive, and industrial equipment industries.
Mitsubishi Chemical Holdings Corporation: The company focuses on developing lightweight, high-strength carbon fiber composites for the automotive, aerospace, and sports industries.
SGL Carbon SE: The firm is a global leader in carbon-based solutions and materials, including carbon fibers and composites. SGL Carbon caters to automotive, aerospace, wind energy, and industrial applications.
Hexcel Corporation: It is known for its advanced composite materials, including carbon fiber composites.
Scope of Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
US$ million for Value
Key Countries Covered
United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, and South Africa
Key Segments Covered
Matrix Material
End Use
Region
Key Companies Profiled
Toray+Zoltek
SGL Carbon
Toho
MRC
Hexcel Corporation
Rock West Composites
Hengshen
Mitsubishi Chemical Fiber Corporation
Teijin Limited
Solvay
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Market Segmentation
Industry by End Use:
Aerospace
Automotive
Wind Turbines
Sports & Leisure
Civil Engineering
Marine Applications
Other End Uses
Industry by Matrix Material:
Polymer Matrix
Thermosetting
Thermoplastics
Carbon Matrix
Ceramics Matrix
Metal Matrix
Hybrid Matrix
By Region:
North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)
Frequently Asked Questions
What may Expand the Carbon Fiber Composites Industry?
Increasing aircraft production may expand the industry growth.
What Limits the Growth Potential of the Market?
The cost of the entire product impedes market growth.
What is the Projected Size of the Market by 2033?
The market is expected to be worth US$ 39,412.1 million by 2033.
How is the Historical Performance of the Market?
Sales of carbon fiber composites increased at 5.7% CAGR from 2018 to 2022.
Which End-use Industry held Lucrative Opportunities?
The aerospace sector held high revenue potential.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Matrix Material
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Matrix Material, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Matrix Material, 2023 to 2033
5.3.1. Polymer Matrix
5.3.1.1. Thermosetting
5.3.1.2. Thermoplastics
5.3.2. Carbon Matrix
5.3.3. Ceramics Matrix
5.3.4. Metal Matrix
5.3.5. Hybrid Matrix
5.4. Y-o-Y Growth Trend Analysis By Matrix Material, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Matrix Material, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2023 to 2033
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. Wind Turbines
6.3.4. Sports & Leisure
6.3.5. Civil Engineering
6.3.6. Marine Applications
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Matrix Material
8.2.3. By End Use
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Matrix Material
8.3.3. By End Use
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Matrix Material
9.2.3. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Matrix Material
9.3.3. By End Use
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. U.K.
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Matrix Material
10.2.3. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Matrix Material
10.3.3. By End Use
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Matrix Material
11.2.3. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Matrix Material
11.3.3. By End Use
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Matrix Material
12.2.3. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Matrix Material
12.3.3. By End Use
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Matrix Material
13.2.3. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Matrix Material
13.3.3. By End Use
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Matrix Material
14.2.3. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Matrix Material
14.3.3. By End Use
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Matrix Material
15.1.2.2. By End Use
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Matrix Material
15.2.2.2. By End Use
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Matrix Material
15.3.2.2. By End Use
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Matrix Material
15.4.2.2. By End Use
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Matrix Material
15.5.2.2. By End Use
15.6. U.K.
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Matrix Material
15.6.2.2. By End Use
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Matrix Material
15.7.2.2. By End Use
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Matrix Material
15.8.2.2. By End Use
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Matrix Material
15.9.2.2. By End Use
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Matrix Material
15.10.2.2. By End Use
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Matrix Material
15.11.2.2. By End Use
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Matrix Material
15.12.2.2. By End Use
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Matrix Material
15.13.2.2. By End Use
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Matrix Material
15.14.2.2. By End Use
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Matrix Material
15.15.2.2. By End Use
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Matrix Material
15.16.2.2. By End Use
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Matrix Material
15.17.2.2. By End Use
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Matrix Material
15.18.2.2. By End Use
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Matrix Material
15.19.2.2. By End Use
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Matrix Material
15.20.2.2. By End Use
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Matrix Material
15.21.2.2. By End Use
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Matrix Material
15.22.2.2. By End Use
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Matrix Material
15.23.2.2. By End Use
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Matrix Material
16.3.3. By End Use
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Toray+Zoltek
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. SGL Carbon
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Toho
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. MRC
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Hexcel Corporation
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Rock West Composites
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Hengshen
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Mitsubishi Chemical Fiber Corporation
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Teijin Limited
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Solvay
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used19. Research Methodology
List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Tons) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Matrix Material, 2018 to 2033
Table 4: Global Market Volume (Tons) Forecast by Matrix Material, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 6: Global Market Volume (Tons) Forecast by End Use, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Matrix Material, 2018 to 2033
Table 10: North America Market Volume (Tons) Forecast by Matrix Material, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 12: North America Market Volume (Tons) Forecast by End Use, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Matrix Material, 2018 to 2033
Table 16: Latin America Market Volume (Tons) Forecast by Matrix Material, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 18: Latin America Market Volume (Tons) Forecast by End Use, 2018 to 2033
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Western Europe Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 21: Western Europe Market Value (US$ Million) Forecast by Matrix Material, 2018 to 2033
Table 22: Western Europe Market Volume (Tons) Forecast by Matrix Material, 2018 to 2033
Table 23: Western Europe Market Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 24: Western Europe Market Volume (Tons) Forecast by End Use, 2018 to 2033
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Eastern Europe Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Matrix Material, 2018 to 2033
Table 28: Eastern Europe Market Volume (Tons) Forecast by Matrix Material, 2018 to 2033
Table 29: Eastern Europe Market Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 30: Eastern Europe Market Volume (Tons) Forecast by End Use, 2018 to 2033
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Matrix Material, 2018 to 2033
Table 34: South Asia and Pacific Market Volume (Tons) Forecast by Matrix Material, 2018 to 2033
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 36: South Asia and Pacific Market Volume (Tons) Forecast by End Use, 2018 to 2033
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: East Asia Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 39: East Asia Market Value (US$ Million) Forecast by Matrix Material, 2018 to 2033
Table 40: East Asia Market Volume (Tons) Forecast by Matrix Material, 2018 to 2033
Table 41: East Asia Market Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 42: East Asia Market Volume (Tons) Forecast by End Use, 2018 to 2033
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: Middle East and Africa Market Volume (Tons) Forecast by Country, 2018 to 2033
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Matrix Material, 2018 to 2033
Table 46: Middle East and Africa Market Volume (Tons) Forecast by Matrix Material, 2018 to 2033
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by End Use, 2018 to 2033
Table 48: Middle East and Africa Market Volume (Tons) Forecast by End Use, 2018 to 2033
List of Charts
Figure 1: Global Market Value (US$ Million) by Matrix Material, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by End Use, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (Tons) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Matrix Material, 2018 to 2033
Figure 9: Global Market Volume (Tons) Analysis by Matrix Material, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Matrix Material, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Matrix Material, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 13: Global Market Volume (Tons) Analysis by End Use, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 16: Global Market Attractiveness by Matrix Material, 2023 to 2033
Figure 17: Global Market Attractiveness by End Use, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Matrix Material, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by End Use, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Matrix Material, 2018 to 2033
Figure 27: North America Market Volume (Tons) Analysis by Matrix Material, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Matrix Material, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Matrix Material, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 31: North America Market Volume (Tons) Analysis by End Use, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 34: North America Market Attractiveness by Matrix Material, 2023 to 2033
Figure 35: North America Market Attractiveness by End Use, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Matrix Material, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by End Use, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Matrix Material, 2018 to 2033
Figure 45: Latin America Market Volume (Tons) Analysis by Matrix Material, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Matrix Material, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Matrix Material, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 49: Latin America Market Volume (Tons) Analysis by End Use, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Matrix Material, 2023 to 2033
Figure 53: Latin America Market Attractiveness by End Use, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) by Matrix Material, 2023 to 2033
Figure 56: Western Europe Market Value (US$ Million) by End Use, 2023 to 2033
Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Western Europe Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) Analysis by Matrix Material, 2018 to 2033
Figure 63: Western Europe Market Volume (Tons) Analysis by Matrix Material, 2018 to 2033
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Matrix Material, 2023 to 2033
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Matrix Material, 2023 to 2033
Figure 66: Western Europe Market Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 67: Western Europe Market Volume (Tons) Analysis by End Use, 2018 to 2033
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 70: Western Europe Market Attractiveness by Matrix Material, 2023 to 2033
Figure 71: Western Europe Market Attractiveness by End Use, 2023 to 2033
Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: Eastern Europe Market Value (US$ Million) by Matrix Material, 2023 to 2033
Figure 74: Eastern Europe Market Value (US$ Million) by End Use, 2023 to 2033
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: Eastern Europe Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Matrix Material, 2018 to 2033
Figure 81: Eastern Europe Market Volume (Tons) Analysis by Matrix Material, 2018 to 2033
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Matrix Material, 2023 to 2033
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Matrix Material, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 85: Eastern Europe Market Volume (Tons) Analysis by End Use, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 88: Eastern Europe Market Attractiveness by Matrix Material, 2023 to 2033
Figure 89: Eastern Europe Market Attractiveness by End Use, 2023 to 2033
Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia and Pacific Market Value (US$ Million) by Matrix Material, 2023 to 2033
Figure 92: South Asia and Pacific Market Value (US$ Million) by End Use, 2023 to 2033
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Matrix Material, 2018 to 2033
Figure 99: South Asia and Pacific Market Volume (Tons) Analysis by Matrix Material, 2018 to 2033
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Matrix Material, 2023 to 2033
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Matrix Material, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 103: South Asia and Pacific Market Volume (Tons) Analysis by End Use, 2018 to 2033
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 106: South Asia and Pacific Market Attractiveness by Matrix Material, 2023 to 2033
Figure 107: South Asia and Pacific Market Attractiveness by End Use, 2023 to 2033
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 109: East Asia Market Value (US$ Million) by Matrix Material, 2023 to 2033
Figure 110: East Asia Market Value (US$ Million) by End Use, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: East Asia Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: East Asia Market Value (US$ Million) Analysis by Matrix Material, 2018 to 2033
Figure 117: East Asia Market Volume (Tons) Analysis by Matrix Material, 2018 to 2033
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Matrix Material, 2023 to 2033
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Matrix Material, 2023 to 2033
Figure 120: East Asia Market Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 121: East Asia Market Volume (Tons) Analysis by End Use, 2018 to 2033
Figure 122: East Asia Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 124: East Asia Market Attractiveness by Matrix Material, 2023 to 2033
Figure 125: East Asia Market Attractiveness by End Use, 2023 to 2033
Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 127: Middle East and Africa Market Value (US$ Million) by Matrix Material, 2023 to 2033
Figure 128: Middle East and Africa Market Value (US$ Million) by End Use, 2023 to 2033
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: Middle East and Africa Market Volume (Tons) Analysis by Country, 2018 to 2033
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Matrix Material, 2018 to 2033
Figure 135: Middle East and Africa Market Volume (Tons) Analysis by Matrix Material, 2018 to 2033
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Matrix Material, 2023 to 2033
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Matrix Material, 2023 to 2033
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by End Use, 2018 to 2033
Figure 139: Middle East and Africa Market Volume (Tons) Analysis by End Use, 2018 to 2033
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by End Use, 2023 to 2033
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Use, 2023 to 2033
Figure 142: Middle East and Africa Market Attractiveness by Matrix Material, 2023 to 2033
Figure 143: Middle East and Africa Market Attractiveness by End Use, 2023 to 2033
Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
