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North America Carbon Fiber Market by Raw Material (PAN-Based carbon fiber, Pitch-Based & Rayon-Based Carbon Fiber), Type (Continuous, Long and Short), Form (Composite, and Non-Composite), and End-User (Aerospace & Defense, Sports/Leisure, Wind Turbines, Molding and Compounds, Automotive, Pressure Vessels, Civil Engineering, Marine, Pultrusion Misc., Misc. Consumer, Sailing/Yacht Building, and Others): Opportunity Analysis and Industry Forecast, 2018–2025

MA-2019-07-8

Pages: 110

Jul 2019

North America Carbon Fiber Market Outlook 2025:

The North America carbon fiber market was valued at US$ 1,001 million in 2017 and is projected to reach US$ 2,331 million by 2025, growing at a CAGR of 11.0% from 2018 to 2025.

Carbon fiber is composed of carbon atoms that forms a crystal-like structure when they bond, resulting into long chain. It is light-weight, modulus, fire retardant, high tensile strength, temperature tolerant, thermal and electrical conductor material which has end-users across aerospace and defense, civil engineering, pressure vessels, sports, wind turbines and many other industries.

The North America carbon fiber market is driven by increased penetration of carbon fiber components in automotive industry. Automotive industry witnessed a shift in conventional materials to carbon fiber material due to its high strength and flexibility. Furthermore, government rules and regulations on reducing greenhouse gas emissions also benefits the carbon fiber market. Moreover, the increased demand in aerospace and defense for high-performance carbon fiber also complements the carbon fiber market.

The carbon fiber found its usage in wind turbines due to its high tensile strength and flexibility, creating a higher opportunity for the industry. Moreover, several end-users of carbon fiber in medical industry due to radiolucent property and high modulus of elasticity also provide opportunity for the industry. However, the production of carbon fiber takes a longer time in production resulting into lower availability which act as restrain. In addition, high price of carbon fiber also acts as a restrain for North America carbon fiber market.

The North America carbon fiber market is divided into segments based on raw material, type, form and end-user. Based on raw material, the classification is done into PAN-based carbon fiber, pitch-based & rayon-based carbon fiber. Based on type, the segment is divided into continuous, long and short. Form segment is further divided into composite and non-composite. Based on end-user, the segment division is done into aerospace & defense, sports/leisure, wind turbines, moldings & compounds, automotive, pressure vehicles, civil engineering, marine, pultrusion misc., misc. consumer, sailing/yacht building and others. By country, the North America carbon fiber market analysis is done across countries U.S., Canada and Mexico.

The major key players operating in the North America Carbon Fiber industry include Hexcel Corporation, Solvay, Plasan Carbon Composites, TORAY INDUSTRIES, INC., Mitsubishi Chemical Corporation, 3M, Nippon Graphite Fiber Co., Ltd., DowAksa, Formosa Plastics Corporation, U.S.A. and Advanced Composites Inc. The North American companies are expanding their business in emerging markets to increase their regional footprint. The companies are adopting various strategies like mergers, collaboration, acquisition and agreement for business expansion and technological advancements.

The degree of industry attractiveness in the North America carbon fiber market is analyzed based on impact of five major forces on the market. Porter’s five forces analysis includes the impact of suppliers, industry rivals, new entrants, substitute products, and buyers on the market growth. The suppliers for Carbon Fiber include various domestic and international producers of Pan-based, pitch-based and rayon-based carbon fiber. Porter’s five forces model analyzes the macro- and microbusiness factors of the North American market. The consumers in the market are from aerospace & defense, automotive, pressure vehicles and others.

Based on country, U.S. accounts for major share in the North America carbon fiber market and is attributed to be fastest growing followed by Canada and Mexico. Factors such as increased penetration of carbon fiber and trend to reduce greenhouse gas emissions contribute majorly in growth of carbon fiber market. Based on raw material, the PAN-based carbon fiber segment dominated the market in 2017, owing to high resistance to most chemicals and solvents. In addition, characteristics such as rigidity, hardness and compatibility with polar substances make it ideal choice for raw materials.

Based on type, continuous carbon fiber segment dominates the market followed by long carbon fiber and then short carbon fiber. Continuous carbon fiber segment is expected to grow faster with major market share due to its high tensile strength and low density. Based on form, the composite carbon fiber has large share due to End-Users in automobiles for weight reduction, increasing fuel efficiency. The non-composite segment is expected to grow at lower rate. Based on end-user, the wind turbines, automotive, sailing/yacht building and Marine segments are expected to grow with the highest CAGR during the forecast period. The increase in End-User of carbon fiber in various end-user market boost the North America carbon fiber market.

KEY BENEFITS FOR STAKEHOLDERS

  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the North American carbon fiber industry for strategy building.
  • It outlines the current North America carbon fiber market trends and future scenario of the market size from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the North America carbon fiber market analysis.

KEY MARKET SEGMENTS

By Raw Material

  • PAN-based Carbon Fiber
  • Pitch-based & Rayon-based Carbon Fiber

By Type

  • Continuous
  • Short
  • Long

By Form

  • Composite
  • Non-Composite

By End-User

  • Aerospace & Defense
  • Sports/Leisure
  • Wind Turbines
  • Molding & Compounds
  • Automotive
  • Pressure Vessels
  • Civil Engineering
  • Marine
  • Pultrusion Misc.
  • Misc. Consumer
  • Sailing/Yacht Building
  • Others (Energy and Oil & Gas)

By Country

  • U.S.
  • Canada
  • Mexico

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Research methodology

1.4.1.    Primary research
1.4.2.    Secondary research
1.4.3.    Analyst tools and models

CHAPTER 2:    EXECUTIVE SUMMARY

2.1.    Key findings

2.1.1.    Top Investment Pockets
2.1.2.    Market Player Positioning, 2018

2.2.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market Definition And Scope
3.2.    Parent/Peer Market Overview
3.3.    Key Forces Shaping North America Carbon Fiber Market

3.3.1.    Bargaining power of suppliers
3.3.2.    Threat of new entrants
3.3.3.    Threat of substitutes
3.3.4.    Intensity of rivalry
3.3.5.    Bargaining power of buyers

3.4.    Pricing Analysis

3.4.1.    Pricing Analysis of Carbon Fiber Market, By Region, 2018 to 2025
3.4.2.    Pricing Analysis of Carbon Fiber Market, By Raw Material, 2018 to 2025
3.4.3.    Pricing Analysis of Carbon Fiber Market, By Type, 2018 to 2025
3.4.4.    Pricing Analysis of Carbon Fiber Market, By Form, 2018 to 2025
3.4.5.    Pricing Analysis of Carbon Fiber Market, By End-User, 2018 to 2025

3.5.    Value Chain Analysis
3.6.    Impact Of Government Regulations On Carbon Fiber Market
3.7.    Patent Analysis
3.8.    Market Dynamics

3.8.1.    Drivers
3.8.2.    Restraints
3.8.3.    Opportunities

CHAPTER 4:    NORTH AMERICA CARBON FIBER MARKET, BY RAW MATERIAL

4.1.    Overview
4.2.    PAN-Based Fiber Carbon Fiber

4.2.1.    Key market trends, growth factors and opportunities
4.2.2.    Market size and forecast, by region
4.2.3.    Market analysis by country

4.3.    Pitch-Based & Rayon-Based Carbon fiber

4.3.1.    Key market trends, growth factors and opportunities
4.3.2.    Market size and forecast, by region
4.3.3.    Market analysis by country

CHAPTER 5:    NORTH AMERICA CARBON FIBER MARKET, BY TYPE

5.1.    Overview
5.2.    Continuous

5.2.1.    Key market trends, growth factors and opportunities
5.2.2.    Market size and forecast, by region
5.2.3.    Market analysis by country

5.3.    Long

5.3.1.    Key market trends, growth factors and opportunities
5.3.2.    Market size and forecast, by region
5.3.3.    Market analysis by country

5.4.    Short

5.4.1.    Key market trends, growth factors and opportunities
5.4.2.    Market size and forecast, by region
5.4.3.    Market analysis by country

CHAPTER 6:    NORTH AMERICA CARBON FIBER MARKET, BY FORM

6.1.    Overview
6.2.    Composite

6.2.1.    Key market trends, growth factors and opportunities
6.2.2.    Market size and forecast, by region
6.2.3.    Market analysis by country

6.3.    Non-Composite

6.3.1.    Key market trends, growth factors and opportunities
6.3.2.    Market size and forecast, by region
6.3.3.    Market analysis by country

CHAPTER 7:    NORTH AMERICA CARBON FIBER MARKET, BY END-USER

7.1.    Overview
7.2.    Aerospace & Defense

7.2.1.    Key market trends, growth factors and opportunities
7.2.2.    Market size and forecast, by region
7.2.3    Market analysis by country

7.3.    Sports/Leisure

7.3.1.    Key market trends, growth factors and opportunities
7.3.2.    Market size and forecast, by region
7.3.3.    Market analysis by country

7.4.    Wind Turbines

7.4.1.    Key market trends, growth factors and opportunities
7.4.2.    Market size and forecast, by region
7.4.3.    Market analysis by country

7.5.    Moldings & Compounds

7.5.1.    Key market trends, growth factors and opportunities
7.5.2.    Market size and forecast, by region
7.5.3.    Market analysis by country

7.6.    Automotives

7.6.1.    Key market trends, growth factors and opportunities
7.6.2.    Market size and forecast, by region
7.6.3.    Market analysis by country

7.7.    Pressure Vehicles

7.7.1.    Key market trends, growth factors and opportunities
7.7.2.    Market size and forecast, by region
7.7.3.    Market analysis by country

7.8.    Civil Engineering

7.8.1.    Key market trends, growth factors and opportunities
7.8.2.    Market size and forecast, by region
7.8.3.    Market analysis by country

7.9.    Marine

7.9.1.    Key market trends, growth factors and opportunities
7.9.2.    Market size and forecast, by region
7.9.3.    Market analysis by country

7.10.    Pultrusion Misc.

7.10.1.    Key market trends, growth factors and opportunities
7.10.2.    Market size and forecast, by region
7.10.3.    Market analysis by country

7.11.    Misc. Consumer

7.11.1.    Key market trends, growth factors and opportunities
7.11.2.    Market size and forecast, by region
7.11.3.    Market analysis by country

7.12.    Sailing/Yacht Building

7.12.1.    Key market trends, growth factors and opportunities
7.12.2.    Market size and forecast, by region
7.12.3.    Market analysis by country

7.13.    Others

7.13.1.    Key market trends, growth factors and opportunities
7.13.2.    Market size and forecast, by region
7.13.3.    Market analysis by country

CHAPTER 8:    NORTH AMERICA CARBON FIBER MARKET, BY COUNTRY

8.1.    Overview
8.2.    North America

8.2.1.    Key market trends, growth factors and opportunities
8.2.2.    Market size and forecast, by Raw Material
8.2.3.    Market size and forecast, by Type
8.2.4.    Market size and forecast, by Form
8.2.5.    Market size and forecast, by End-User
8.2.6.    Market analysis by country

8.2.6.1.    U.S.

8.2.6.1.1.    Socio-Economic & Micro-Macro Indicators
8.2.6.1.2.    Market size and forecast, by Raw Material
8.2.6.1.3.    Market size and forecast, by Type
8.2.6.1.4.    Market size and forecast, by Form
8.2.6.1.5.    Market size and forecast, by End-User

8.2.6.2.    Canada

8.2.6.2.1.    Socio-Economic & Micro-Macro Indicators
8.2.6.2.2.    Market size and forecast, by Raw Material
8.2.6.2.3.    Market size and forecast, by Type
8.2.6.2.4.    Market size and forecast, by Form
8.2.6.2.5.    Market size and forecast, by End-User

8.2.6.3.    Mexico

8.2.6.3.1.    Socio-Economic & Micro-Macro Indicators
8.2.6.3.2.    Market size and forecast, by Raw Material
8.2.6.3.3.    Market size and forecast, by Type
8.2.6.3.4.    Market size and forecast, by Form
8.2.6.3.5.    Market size and forecast, by End-User

CHAPTER 9:    COMPETITIVE LANDSCAPE

9.1.    COMPETITIVE DASHBOARD
9.2.    PRODUCT MAPPING OF TOP 10 PLAYER
9.3.    TOP WINNING STRATEGIES, 2015 - 2018

9.3.1.    Top winning strategies, by year
9.3.2.    Top winning strategies, by development
9.3.3.    Top winning strategies, by company

CHAPTER 10:    COMPANY PROFILES

10.1.    Hexcel Corporation

10.1.1.    Company overview
10.1.2.    Company snapshot
10.1.3.    Key Executives
10.1.4.    Operating Business Segments & Product Portfolio
10.1.5.    R&D Expenditure
10.1.6.    Business Performance
10.1.7.    Key Strategic Moves and Developments

10.2.    Solvay

10.2.1.    Company overview
10.2.2.    Company snapshot
10.2.3.    Key Executives
10.2.4.    Operating Business Segments & Product Portfolio
10.2.5.    R&D Expenditure
10.2.6.    Business Performance
10.2.7.    Key Strategic Moves and Developments

10.3.    Plasan Carbon Composites

10.3.1.    Company overview
10.3.2.    Company snapshot
10.3.3.    Key Executives
10.3.4.    Operating Business Segments & Product Portfolio
10.3.5.    R&D Expenditure
10.3.6.    Business Performance
10.3.7.    Key Strategic Moves and Developments

10.4.    TORAY INDUSTRIES, Inc.

10.4.1.    Company overview
10.4.2.    Company snapshot
10.4.3.    Key Executives
10.4.4.    Operating Business Segments & Product Portfolio
10.4.5.    R&D Expenditure
10.4.6.    Business Performance
10.4.7.    Key Strategic Moves and Developments

10.5.    Mitsubishi Chemical Corporation

10.5.1.    Company overview
10.5.2.    Company snapshot
10.5.3.    Key Executives
10.5.4.    Operating Business Segments & Product Portfolio
10.5.5.    R&D Expenditure
10.5.6.    Business Performance

10.5.7.    Key Strategic Moves and Developments

10.6.    3M

10.6.2.    Company snapshot
10.6.3.    Key Executives
10.6.4.    Operating Business Segments & Product Portfolio
10.6.5.    R&D Expenditure
10.6.6.    Business Performance
10.6.7.    Key Strategic Moves and Developments

10.7.    Nippon Graphite Fiber Co., Ltd.

10.7.1.    Company overview
10.7.2.    Company snapshot
10.7.3.    Key Executives
10.7.4.    Operating Business Segments & Product Portfolio
10.7.5.    R&D Expenditure
10.7.6.    Business Performance
10.7.7.    Key Strategic Moves and Developments

10.8.    DowAksa

10.8.1.    Company overview
10.8.2.    Company snapshot
10.8.3.    Key Executives
10.8.4.    Operating Business Segments & Product Portfolio
10.8.5.    R&D Expenditure
10.8.6.    Business Performance
10.8.7.    Key Strategic Moves and Developments

10.9.    Formosa Plastic Corporation, U.S.A.

10.9.1    Company overview
10.9.2.    Company snapshot
10.8.3.    Key Executives
10.8.4.    Operating Business Segments & Product Portfolio
10.8.5.    R&D Expenditure
10.9.6.    Business Performance
10.9.7.    Key Strategic Moves and Developments

10.10.    Advanced Composites Inc.

10.10.1.    Company overview
10.10.2.    Company snapshot
10.10.3.    Key Executives
10.10.4.    Operating Business Segments & Product Portfolio
10.10.5.    R&D Expenditure
10.10.6.    Business Performance
10.10.7.    Key Strategic Moves and Developments

CHAPTER 11:    APPENDIX

The rise in demand from end users, especially from developing countries, and developments for enhancement of properties of the materials are the factors that boost the growth of the global carbon fiber market. However, their high cost and non-recyclability are expected to limit the growth. North America carbon fiber market is expected to grow significantly, owing to the presence of major manufacturer in the region. Also, the demand from the aerospace & defense, wind turbines and marine are likely to drive the market for carbon fiber in North America.
 

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