Allied Market Research

2024

Carbon Composites Market

Carbon Composites Market Size, Share, Competitive Landscape and Trend Analysis Report by Raw material (PAN-based carbon fibre, Pitch-based carbon fibre, Rayon-based carbon fibre), by Product Type (Continuous carbon fibre, Long carbon fibre, Short carbon fibre), by Fibre Type (Virgin carbon fibre, Recycled carbon fibre), by Application (Composite, Non-composite, Others) and by Industry Vertical (Marine, Pipe tank, Wind Energy, Energy Power, Automotive, Defense Aerospace, Sporting goods, Electrical electronics, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Eswara Prasad
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Carbon Composites Market Analysis

Carbon composites consist of carbon fibers embedded in carbonaceous matrix. A composite material also called a composition material or shortened to composite which is a common name is a material produced from two or more constituent material. Constituent material have notably different chemical or physical properties that are merged to create a material with properties unlike individual elements. In the finished structure of carbon composites, the individual elements remain separate and distinct, distinguishing composites from mixture and solid solution. The market of carbon composites is growing due to its increasing demand from aerospace, defense, automotive and wind energy industries. The main raw materials used for the production of carbon fiber composites are polyester resin and carbon fibers. It contains both reinforcing fibers and matrix material of pure carbon. They are known for their superior properties which are low thermal expansion, light weight, UV resistance, durability, corrosion resistance and others. Carbon composites also have higher stiffness to weight ratio then other conventional materials.

COVID-19 Impact analysis

  • Covid-19 has negatively affected the demand for carbon composites in various end industries including aerospace, defense, automotive and wind energy as the demand for carbon composites in these industries is declining
  • Due to COVID-19 there is disruption in the supply chain resulting in delays or non-arrival of raw materials, disrupted financial flows and growing truancy among the production line worker have compelled composite component manufacturers to operate at partial capacities.
  • Reducing aircraft industry deliveries and automotive demand have also reduced the demand for carbon composites.

Top Impacting Factors

Expensive carbon composites are one of the major concerns associated with its growth. Carbon composites are still not used in large applications due to its high cost. Developing a cost-effective technology is a major challenge for researchers and key manufacturers. In the automotive industry, carbon fiber composites are only used in high end and luxury cars due to their high cost.

Market Trends

  • Carbon composites are used for structural applications and components in aircrafts and spacecrafts and also hot air balloons, gandolas and gliders to passenger airlines and spacecraft.
  • Major applications of carbon composites include wing assemblies, motor blades, propellers, instruments enclosure, etc.
  • The use of carbon composites reduces the weight of aircraft components significantly.
  • The global carbon composites market is moderately fragmented as the market share is divided between many players.
  • Carbon composites are currently obtained from polyacrylonitrile whose cost is very high. The development of cost effective and high yield precursor for carbon fibers would bring down the cost of aerospace grade carbon composites.
  • The reduction in the cost of carbon fibers would reduce the cost of carbon composites.
  • The exponential increase in demand from various industries around the globe will further foster the demand for carbon composites in the market globally.
  • The carbon composite offers durability and stability at extreme temperature which may further impact the growth of the market.
  • Major driving factor of market includes lower waste generation of carbon composites in comparison to other composites.

Key Benefits of the Report

  • This study presents the analytical depiction of the Carbon composites industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Carbon composites market share.
  • The current market is quantitatively analyzed to highlight the Carbon composites market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Carbon composites market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Carbon composites Market Report

  • Who are the leading market players active in the Carbon composites market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
    • Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
      • What is " Carbon composites "?
      • what does " Carbon composites " allow organizations to achieve?
      • which technologies combine to make " Carbon composites " a critical organizational asset?
      • What is " Carbon composites " Market prediction in the future?
      • Who are the leading global players in the " Carbon composites " Market?
      • What are the current trends and predicted trends?
      • What are the challenges faced in the " Carbon composites " Market?
      • What are the key benefits of the " Carbon composites " Market report?              

Carbon Composites Market Report Highlights

Aspects Details
Carbon Composites Market By Raw material
By Raw material
  • PAN–based carbon fibre
  • Pitch–based carbon fibre
  • Rayon–based carbon fibre
Carbon Composites Market By Product Type
By Product Type
  • Continuous carbon fibre
  • Long carbon fibre
  • Short carbon fibre
Carbon Composites Market By Fibre Type
By Fibre Type
  • Virgin carbon fibre
  • Recycled carbon fibre
Carbon Composites Market By Application
By Application
  • Composite
  • Non-composite
  • Others
Carbon Composites Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Carbon Composites Market By Industry Vertical
By Industry Vertical
  • Marine
  • Pipe & tank
  • Wind Energy
  • Energy & Power
  • Automotive
  • Defense & Aerospace
  • Sporting goods
  • Electrical & electronics
  • Others
Key Market Players
Key Market Players

Toray Industries Incorporation, Hexcel Corporation, Jiangsu Hengshen,, Dowaksa, Solvay, Mitsubishi Rayon, Formosa Plastics Corporation, SGL Group

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Carbon Composites Market

Global Opportunity Analysis and Industry Forecast, 2023-2032