LONDON--(BUSINESS WIRE)--Technavio has been monitoring the carbon fiber market and it is poised to grow by USD 2.01 bn during 2020-2024, progressing at a CAGR of about 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19
Frequently Asked Questions:
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What are the major trends in the market?
Increasing adoption of telerehabilitation is a major trend driving the growth of the market -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 9.57% and the incremental growth of the market is anticipated to be $ 2.01 bn -
Who are the top players in the market?
DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti., Formosa Plastics Corp., Hexcel corp., Mitsubishi Chemical Holdings Corp., Nippon Graphite Fiber Corp., Saudi Basic Industries Corp., SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc., are some of the major market participants -
What is the key market driver?
The demand for fuel-efficient vehicles is one of the major factors driving the market -
How big is the North America market?
The North America region will contribute 36% of the market share
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti., Formosa Plastics Corp., Hexcel corp., Mitsubishi Chemical Holdings Corp., Nippon Graphite Fiber Corp., Saudi Basic Industries Corp., SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc. are some of the major market participants. The demand for fuel-efficient vehicles will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Carbon Fiber Market 2020-2024: Segmentation
Carbon Fiber Market is segmented as below:
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End-user
- Aerospace And Defense
- Sports And Leisure
- Wind Energy Automotive
- Others
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Raw Material
- PAN-based
- Pitch Based
- Rayon Based
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Geography
- North America
- Europe
- APAC, South America
- MEA
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Carbon Fiber Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The carbon fiber market report covers the following areas:
- Carbon Fiber Market Size
- Carbon Fiber Market Trends
- Carbon Fiber Market Industry Analysis
This study identifies increasing adoption of telerehabilitation as one of the prime reasons driving the carbon fiber market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Carbon Fiber Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist carbon fiber market growth during the next five years
- Estimation of the carbon fiber market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the carbon fiber market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of carbon fiber market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user
- Aerospace and defense - Market size and forecast 2019-2024
- Sports and leisure - Market size and forecast 2019-2024
- Wind energy - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End user
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti.
- Formosa Plastics Corp.
- Hexcel corp.
- Mitsubishi Chemical Holdings Corp.
- Nippon Graphite Fiber Corp.
- Saudi Basic Industries Corp.
- SGL Carbon SE
- Solvay SA
- Teijin Ltd.
- Toray Industries Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
