Carbon Composites Market by Type, End-user, and Geography - Forecast and Analysis - 2023-2027

Published: Feb 2023 Pages: 173 SKU: IRTNTR75030

Carbon Composites Market Forecast 2023-2027

The Global Carbon Composites Market is forecast to increase by 177.9 million t, at a CAGR of 11.49% between 2022 and 2027. The market experiences growth driven by several pivotal factors shaping various industries. With a rising demand for fuel-efficient vehicles, carbon composites witness increased adoption in automotive manufacturing. Moreover, the aerospace and defense sector's increasing utilization of carbon composites further propels market growth, driven by their lightweight and durable properties. Additionally, stringent regulations in the automotive industry regarding emissions and safety standards drive the demand for advanced materials like carbon composites, emphasizing their role in sustainable and high-performance applications. This dynamic market landscape underscores the significant contribution of carbon composites to innovation and efficiency across multiple sectors worldwide. This market research and growth report also includes an in-depth analysis of drivers, market growth and trends, and challenges. Furthermore, the market growth analysis report includes historic market data from 2017 to 2021.

What will be the size of the Market During the Forecast Period?

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Expanding beyond its traditional applications in the aerospace sector, carbon composites are increasingly sought after by automotive manufacturers for their lightweight properties, particularly in the development of electric vehicles, thus enhancing energy efficiency. Additionally, the renewable energy sector benefits from carbon composites, with wind turbine blades utilizing their strength and durability to bolster wind energy expansion. Moreover, beyond aerospace and renewable energy, carbon composites find versatile applications in semiconductors and other cutting-edge technologies, driving market demand. As industries prioritize sustainability and seek innovative solutions, the carbon composites market plays a pivotal role in reshaping manufacturing and energy landscapes worldwide.

Market Segmentation

This market growth analysis report extensively covers market segmentation by type (Virgin fiber (VCF) and Recycled fiber (RCF)), end-user (aerospace and defence, automotive, wind energy, sporting goods, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. In the virgin fiber (VCF) segment of the Global Carbon Composites Market, innovation drives the adoption of lightweight and high-strength materials across various industries. With the advent of 3D printing technology, carbon composites offer unparalleled versatility in manufacturing, challenging traditional materials like metals. Carbon fibers, combined with a carbon matrix, form the backbone of VCF, providing exceptional strength-to-weight ratios ideal for aerospace applications. Leading aircraft manufacturers like Boeing and Airbus utilize carbon composites to enhance fuel efficiency and reduce environmental impact.

By Type

The market share growth of the virgin fiber (VCF) segment will be significant during the forecast period. Its a class of composite materials that contain carbon fibers. These fibers can be bonded together with a variety of different matrix materials, including metals, plastics, and ceramics. They are prized for their lightweight, high strength, and low thermal expansion. They are used in a wide range of applications, including aircraft and spacecraft components, wind turbine blades, sporting goods, and medical implants.

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The virgin fiber (VCF) segment was valued at 125.72 million t in 2017 and continued to grow until 2021. Virgin fiber allows manufacturers to produce parts with very tight tolerances, which is essential for many high-performance applications. However, there are a few drawbacks to using virgin fiber. First, they can be quite expensive due to the high cost of the raw materials. Second, the manufacturing process can generate a significant amount of waste material. Finally, there is a risk that parts made from virgin fiber composites may not be compatible with existing repair or recycling infrastructure.

Key Regions

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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the Market in North America can be attributed to the high consumption of carbon composite in industries such as aerospace, automotive, wind energy, and construction. North America is one of the largest exporters of market.

In the automotive industry, the three domestic sports car models, namely Chevrolet Corvette Stingray, Ford Mustang Shelby GT500KR, and Viper SRT are the major automotive users of carbon composite. Automotive manufacturers use lightweight materials such as carbon composite to make their vehicles lightweight and fuel-efficient. Hence, the abovementioned factors are expected to increase the demand which will fuel the growth of the Market in North America during the forecast period.

Market Dynamics and Customer Landscape

The Global Carbon Composites Market thrives in production hubs leveraging cutting-edge 3D printing and semiconductor technologies, catering to diverse industries such as aerospace, civil engineering, military, and motorsports. These sectors demand high-strength materials including glass fibers and plastic fibers like Polyacrylonitrile (PAN) and Pitch, with industry leader SGL Carbon specializing in the production of pressure vessels. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The increasing demand for fuel-efficient vehicles is notably driving market growth. The automotive industry is one of the major end-users of carbon composite. Consumers are increasingly shifting from traditional passenger cars to fuel-efficient cars because of high fuel costs and fluctuating fuel prices. Factors such as the availability of alternative fuels and awareness regarding the benefits of green vehicles and light vehicles can have a direct impact on the global market. Stringent government norms to reduce GHG emissions, carbon dioxide emissions, and other harmful pollutants augment the demand for fuel-efficient and light vehicles.

They reduce the overall weight of vehicles by 40-50% and increase fuel efficiency by 30-35%. Hybrid electric cars, battery cars, plug-in hybrid electric cars, and compressed air-based cars are some of the fuel-efficient vehicles preferred by consumers. The extensive use of these vehicles significantly reduces their overall weight. Hence, the abovementioned factors are expected to drive the growth of the global market during the forecast period.

Market Trend

Developments in end-user industries is the key trend in the market. Carbon composite for automotive composites plays a key role in the manufacture of various vehicles. Carbon composite is used in exterior components, interior components, structural and powertrain components, chassis systems, and others. Hence, the growth of the market is directly influenced by the market expansions by automobile manufacturers.

 The most important factor is the intent of the governments to promote the sales of EVs. For instance, in June 2019, the German government and the car industry agreed to increase joint subsidies for electric car buyers and extended the program to 2025. The EV industry is nurtured by governments globally to curb carbon emissions. Hence, these factors can result in an increase in the number of EV launches and thereby influence the demand, which is expected to fuel the growth of the market in focus during the forecast period.

Market Challenge

High competition from substitutes is the major challenge impeding market growth. The widely used in a range of applications, including automotive, aerospace and defense, construction, and wind energy. Substitutes such as glass fiber, aluminium, copper, basalt fiber, aramid fibers, and natural fiber pose serious challenges to the growth of the global carbon composite market as the substitutes have similar end-use applications. Basalt fiber and natural fiber have numerous applications in many industries, including automotive and construction. Similarly, aramid (aromatic polyamide) fibers demonstrate high mechanical strength and resist damage. Natural fiber composites are characterized by low density, high specific strength, excellent stiffness, high young modulus, low toxicity, and abrasion resistance. The rising demand for substitutes is likely to hamper the growth of the global Market during the forecast period.

Customer Landscape

The Market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting  strategies.

Global MarketCustomer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Sigmatex UK Ltd.  - The company offers such as woven carbon fiber fabrics, and spread tow carbon fiber fabrics. The company also offers a wide range of textile technologies and proprietary manufacturing equipment and supplies a wide spectrum of advanced composite materials to the Automotive, Aerospace, Marine, Wind Energy, Sports, and Leisure markets from its global locations.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market Companies, including:

  • Formosa M Co. Ltd.
  • Gurit Holding AG
  • Hexcel Corp.
  • Innegra Technologies
  • Jiangsu Hengshen Co. Ltd.
  • Mitsubishi Chemical Corp.
  • Nippon Steel Corp.
  • Plasan  Inc.
  • SAERTEX GmbH and Co.KG
  • SGL Carbon SE
  • Solvay SA
  • Teijin Ltd.
  • Toray Industries Inc.
  • TPI Composites Inc.
  • Zhongfu Shenying Carbon Fiber Co. Ltd.

Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is witnessing significant growth across various industries, including civil engineering, military, and motorsports. Utilizing materials like glass fibers, plastic fibers, Polyacrylonitrile (PAN), and pitch, this market caters to pressure vessels for hydrogen and fuel cell vehicles, as well as CNG storage tanks. Despite challenges like lack of standardization, carbon composites find applications in sports goods, consumer goods, luxury cars, and lightweight vehicles, reducing CO2 emissions. End-use industries such as the aircraft industry, wind energy sector, and semiconductor manufacturing rely on these materials for environmental sustainability and high-strength properties. Notable players like Boeing and Airbus drive innovation in carbon matrix composites, contributing to renewable energy and electric vehicle advancements.

The market is witnessing substantial growth driven by diverse applications, including fuel cell electric vehicles and light commercial vehicles. PAN carbon fibers and pitch carbon fibers are integral components in this market, particularly in the pressure vessels segment for gas storage, including liquid propane gas, compressed natural gas, and renewable natural gas. Carbon composites also play a pivotal role in hydrogen gas storage solutions. With the use of materials like vinyl ester and epoxy, these composites provide high-performance solutions for various end-use industries. Notably, the market caters to the demand for lightweight components in light commercial vehicles, further driving innovation and growth in the carbon composites industry.

Segment Overview

This market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook 
    • Virgin fiber (VCF)
    • Recycled fiber (RCF)
  • End-user Outlook 
    • Aerospace and defense
    • Automotive
    • Wind energy
    • Sporting goods
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

 

Carbon Composites Market Scope

Report Coverage

Details

Page number

173

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.49%

Market growth 2023-2027

177.9 million t

Market structure

Fragmented

YoY growth 2022-2023(%)

10.18

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Carbon Composites Inc., DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti., Epsilon Composite SA, Exel Composites Plc, Formosa M Co. Ltd., Gurit Holding AG, Hexcel Corp., Innegra Technologies, Jiangsu Hengshen Co. Ltd., Mitsubishi Chemical Corp., Nippon Steel Corp., Plasan Carbon Composites Inc., SAERTEX GmbH and Co.KG, SGL Carbon SE, Sigmatex UK Ltd., Solvay SA, Teijin Ltd., Toray Industries Inc., TPI Composites Inc., and Zhongfu Shenying Carbon Fiber Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our market trends and analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the Marketsize and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about Companies
  • Comprehensive analysis of factors that will challenge the growth of Market Companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (million t)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (million t)
      • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global carbon composites market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global carbon composites market 2017 - 2021 (million t)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 (million t)
    • 4.3 End-User Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-User Segment 2017 - 2021 (million t)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (million t)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (million t)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Virgin fiber (VCF) - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Virgin fiber (VCF) - Market size and forecast 2022-2027 (million t)
      • Exhibit 35: Data Table on Virgin fiber (VCF) - Market size and forecast 2022-2027 (million t)
      • Exhibit 36: Chart on Virgin fiber (VCF) - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Virgin fiber (VCF) - Year-over-year growth 2022-2027 (%)
    • 6.4 Recycled fiber (RCF) - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Recycled fiber (RCF) - Market size and forecast 2022-2027 (million t)
      • Exhibit 39: Data Table on Recycled fiber (RCF) - Market size and forecast 2022-2027 (million t)
      • Exhibit 40: Chart on Recycled fiber (RCF) - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Recycled fiber (RCF) - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type (million t)
      • Exhibit 43: Data Table on Market opportunity by Type (million t)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Aerospace and defense - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Aerospace and defense - Market size and forecast 2022-2027 (million t)
      • Exhibit 49: Data Table on Aerospace and defense - Market size and forecast 2022-2027 (million t)
      • Exhibit 50: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)
    • 7.4 Automotive - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Automotive - Market size and forecast 2022-2027 (million t)
      • Exhibit 53: Data Table on Automotive - Market size and forecast 2022-2027 (million t)
      • Exhibit 54: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 7.5 Wind energy - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Wind energy - Market size and forecast 2022-2027 (million t)
      • Exhibit 57: Data Table on Wind energy - Market size and forecast 2022-2027 (million t)
      • Exhibit 58: Chart on Wind energy - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Wind energy - Year-over-year growth 2022-2027 (%)
    • 7.6 Sporting goods - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Sporting goods - Market size and forecast 2022-2027 (million t)
      • Exhibit 61: Data Table on Sporting goods - Market size and forecast 2022-2027 (million t)
      • Exhibit 62: Chart on Sporting goods - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Sporting goods - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Others - Market size and forecast 2022-2027 (million t)
      • Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 (million t)
      • Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user (million t)
      • Exhibit 69: Data Table on Market opportunity by End-user (million t)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 (million t)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 (million t)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 (million t)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 (million t)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 (million t)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 (million t)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 (million t)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 (million t)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million t)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million t)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 (million t)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 (million t)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 (million t)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 (million t)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 (million t)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 (million t)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 (million t)
      • Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 (million t)
      • Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 111: Chart on UK - Market size and forecast 2022-2027 (million t)
      • Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 (million t)
      • Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography (million t)
      • Exhibit 116: Market opportunity by geography (million t) - Volume

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Epsilon Composite SA
              • Exhibit 123: Epsilon Composite SA - Overview
              • Exhibit 124: Epsilon Composite SA - Product / Service
              • Exhibit 125: Epsilon Composite SA - Key offerings
            • 12.4 Exel Composites Plc
              • Exhibit 126: Exel Composites Plc - Overview
              • Exhibit 127: Exel Composites Plc - Product / Service
              • Exhibit 128: Exel Composites Plc - Key offerings
            • 12.5 Formosa M Co. Ltd.
              • Exhibit 129: Formosa M Co. Ltd. - Overview
              • Exhibit 130: Formosa M Co. Ltd. - Product / Service
              • Exhibit 131: Formosa M Co. Ltd. - Key offerings
            • 12.6 Gurit Holding AG
              • Exhibit 132: Gurit Holding AG - Overview
              • Exhibit 133: Gurit Holding AG - Business segments
              • Exhibit 134: Gurit Holding AG - Key offerings
              • Exhibit 135: Gurit Holding AG - Segment focus
            • 12.7 Hexcel Corp.
              • Exhibit 136: Hexcel Corp. - Overview
              • Exhibit 137: Hexcel Corp. - Business segments
              • Exhibit 138: Hexcel Corp. - Key news
              • Exhibit 139: Hexcel Corp. - Key offerings
              • Exhibit 140: Hexcel Corp. - Segment focus
            • 12.8 Innegra Technologies
              • Exhibit 141: Innegra Technologies - Overview
              • Exhibit 142: Innegra Technologies - Product / Service
              • Exhibit 143: Innegra Technologies - Key offerings
            • 12.9 Jiangsu Hengshen Co. Ltd.
              • Exhibit 144: Jiangsu Hengshen Co. Ltd. - Overview
              • Exhibit 145: Jiangsu Hengshen Co. Ltd. - Product / Service
              • Exhibit 146: Jiangsu Hengshen Co. Ltd. - Key offerings
            • 12.10 Mitsubishi Chemical Corp.
              • Exhibit 147: Mitsubishi Chemical Corp. - Overview
              • Exhibit 148: Mitsubishi Chemical Corp. - Business segments
              • Exhibit 149: Mitsubishi Chemical Corp. - Key news
              • Exhibit 150: Mitsubishi Chemical Corp. - Key offerings
              • Exhibit 151: Mitsubishi Chemical Corp. - Segment focus
            • 12.11 Nippon Steel Corp.
              • Exhibit 152: Nippon Steel Corp. - Overview
              • Exhibit 153: Nippon Steel Corp. - Business segments
              • Exhibit 154: Nippon Steel Corp. - Key offerings
              • Exhibit 155: Nippon Steel Corp. - Segment focus
            • 12.12 SGL Carbon SE
              • Exhibit 156: SGL Carbon SE - Overview
              • Exhibit 157: SGL Carbon SE - Business segments
              • Exhibit 158: SGL Carbon SE - Key news
              • Exhibit 159: SGL Carbon SE - Key offerings
              • Exhibit 160: SGL Carbon SE - Segment focus
            • 12.13 Sigmatex UK Ltd.
              • Exhibit 161: Sigmatex UK Ltd. - Overview
              • Exhibit 162: Sigmatex UK Ltd. - Product / Service
              • Exhibit 163: Sigmatex UK Ltd. - Key offerings
            • 12.14 Solvay SA
              • Exhibit 164: Solvay SA - Overview
              • Exhibit 165: Solvay SA - Business segments
              • Exhibit 166: Solvay SA - Key news
              • Exhibit 167: Solvay SA - Key offerings
              • Exhibit 168: Solvay SA - Segment focus
            • 12.15 Teijin Ltd.
              • Exhibit 169: Teijin Ltd. - Overview
              • Exhibit 170: Teijin Ltd. - Business segments
              • Exhibit 171: Teijin Ltd. - Key offerings
              • Exhibit 172: Teijin Ltd. - Segment focus
            • 12.16 Toray Industries Inc.
              • Exhibit 173: Toray Industries Inc. - Overview
              • Exhibit 174: Toray Industries Inc. - Business segments
              • Exhibit 175: Toray Industries Inc. - Key offerings
              • Exhibit 176: Toray Industries Inc. - Segment focus
            • 12.17 TPI Composites Inc.
              • Exhibit 177: TPI Composites Inc. - Overview
              • Exhibit 178: TPI Composites Inc. - Business segments
              • Exhibit 179: TPI Composites Inc. - Key offerings
              • Exhibit 180: TPI Composites Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 181: Inclusions checklist
                • Exhibit 182: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 183: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 184: Research methodology
                • Exhibit 185: Validation techniques employed for market sizing
                • Exhibit 186: Information sources
              • 13.5 List of abbreviations
                • Exhibit 187: List of abbreviation

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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