Carbon Fiber Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, Germany, Russia - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 179 SKU: IRTNTR43132

Carbon Fiber Market Forecast 2023-2027

The carbon fiber market size is estimated to grow by USD 2.73 billion at a CAGR of 7.43% between 2023 and 2027. The market's expansion is influenced by several key factors. Firstly, the aerospace and defense sector's rising use of carbon fibers, known for their lightweight and durable properties, drives demand. Secondly, the growth of wind power capacities, where carbon fibers are used in turbine blades for their strength and flexibility, further boosts the market. Lastly, increasing collaborations and partnerships within the industry foster innovation and product development, supporting market growth. Additionally, the increasing adoption of automotive applications for their lightweight and high-strength properties contributes to market growth. Moreover, the growing demand in the construction sector, particularly in infrastructure projects, further propels market expansion. It also includes an in-depth analysis of drivers, trends, and challenges.

What will be the Market Size During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by end-user (aerospace and defense, sports and leisure, wind energy, automotive, and others), raw material (pan-based, pitch-based, and rayon-based), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

By End-User 

The market share growth by the aerospace and defense segment will be significant during the forecast period. This is widely used in aerospace and defense applications due to its properties such as lightweight, high tensile strength, corrosion resistance, fatigue resistance, and excellent strength and stiffness. Carbon fiber's strength-to-weight ratio is much higher than other metals, so it is widely used in aircraft parts and structures. The materials are characterized by high strength, good chemical and corrosion resistance, and high viscosity. Therefore, it is used for aerospace exterior and interior parts. This is preferred over alloys such as aluminum and titanium alloys due to its higher modulus. 

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The aerospace and defense segment was valued at USD 3.43 billion in 2017. In the aerospace industry, carbon fiber helps reduce the overall weight of aircraft. The commercial aerospace industry is increasingly using carbon fiber. The latest Boeing 787, 777, and Airbus A350XWP contain over 50% fiber-reinforced plastic by weight. Using carbon fiber to create lightweight components for aircraft reduces overall aircraft weight and improves aerodynamic performance. This is used in many defense applications such as flying drones, armored combat vehicles, submarines, and body armor. They are used for ballistic and non-combustible roof protection for land, air, and sea defense systems such as drones and defensive vehicles. It is lightweight, extremely hard, and has excellent heat and fire resistance. The aviation industry is growing significantly all over the world as the number of passengers increases. An increase in aircraft production is therefore expected to boost the growth of the market during the forecast period.  

By Raw Material 

Based on raw materials, the market has been categorized into pan-based, pitch-based, and rayon-based. Pan-based segment holds the largest market share. PAN-based carbon fibers are used in the aerospace and defense, sporting goods, and wind energy sectors; the automotive industry; and other end-use applications. These fibers exhibit high tensile strength, corrosion and fatigue resistance, low thermal conductivity, low moisture absorption ability, and several other properties. In the aerospace, automotive, and wind energy sectors, they are used for producing lightweight and corrosion-resistant components. Such factors will shape the growth of the market.

By Region

North America is estimated to contribute 32% 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.

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The growth of the market in the region is attributed to the high consumption of carbon fiber in industries such as aerospace, automotive, wind energy, and construction. The region is one of the largest exporters of carbon fiber. The United States and Canada lead the regional market. Major aircraft manufacturers such as Airbus and Boeing, as well as manufacturers of important defense equipment, are based in the region. The aerospace and defense sector is dominated by the production of commercial aviation and large passenger and cargo aircraft. Stringent government standards to reduce vehicle weight and greenhouse gas emissions will increase the consumption of carbon fiber-based composites in the automotive industry. 

Market Definition 

Carbon fibers consist of a variety of short and continuous fibers that are bound together by a polymer matrix. Polymers can be classified as thermosets and thermoplastics. They are polymers that can be molded, melted, and remolded without altering their physical properties. Carbon fiber exhibits properties such as high strength; toughness; resistance to chemicals, shock, fatigue, and creep; good dimensional stability; and high viscosity.

Market Dynamics 

The market is a crucial segment in industries such as civil engineering, military, and motorsports, due to its exceptional properties. Derived from polyacrylonitrile or pitch, they are known for their low weight-to-strength ratio, making them ideal for applications requiring lightweight materials. These fibers serve as precursor materials for various composite materials used in aerospace, automotive, and sports industries. The market continues to grow with advancements in technological innovations, contributing to the development of energy-efficient vehicles, wind turbines, and other applications aimed at reducing fuel consumption and CO2 emissions. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Driver

The growth of wind power capacities is a key driver propelling market growth. Wind energy is a cost-effective renewable electricity generation source. Developed regions like North America and Western Europe lead in wind power investments globally, with turbine blades being a rapidly growing segment for carbon fiber composites. Thermoset prepreg is extensively used in wind turbine manufacturing due to its high strength-to-weight ratio and durability.

Companies are investing in technologically advanced products for wind energy applications. This is because of their properties, such as high strength-to-weight ratio, high-temperature resistance, thermal shock resistance, non-conductive nature, and increased fuel efficiency. Low-cost carbon fiber prepreg allows manufacturers to create longer and more efficient turbine blades, generating increased energy. Countries like India and Brazil are rapidly installing wind energy to meet environmental regulations. The expanding wind farm installations worldwide are expected to drive the market in the forecast period.

Significant Market Trends

Increasing demand for lightweight and high-performance materials is a key trend shaping the market. The demand for lightweight and high-performance materials from various end-user industries has increased as these are used in various industrial applications for their properties, such as energy-saving and wear resistance. These materials are widely used in the aerospace and defense, and automotive industries.

Among various types of high-performance materials, carbon composites are the most preferred composites. This includes composite material, precursor materials, lightweight material, and low weight-to-strength ratio. The demand is expected to increase R and D activities, which is expected to foster the use in several new application areas during the forecast period.

Major Market Challenge

The high cost of carbon fibers is a key challenge boosting the growth of the market. They face higher R&D and manufacturing costs compared to their substitutes, limiting their extensive use in the automotive industry, particularly for mass-produced, price-sensitive vehicles. Although CFRP-based pressure vessels offer twice the service life of steel and glass vessels, they are significantly costlier at USD 16.25/liter compared to USD 5/liter for steel-based and USD 7.50/liter for glass fiber composite-based vessels.

Research efforts aim to reduce the cost of carbon fiber composites. Rising prices of raw materials, such as resins and carbon fibers, further add to procurement costs for companies. While carbon fibers find applications in luxury cars, mass production and cost-effective manufacturing processes remain challenges for the aerospace, automotive, and pressure vessel sectors during the forecast period.

Key Carbon Fiber Market Companies

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

Hyosung Advanced Materials- The company offers carbon fiber under the brand TANSOME.

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

3M Co., China Composites Group Corp. Ltd., DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti., Evonik Industries AG, Formosa M Co. Ltd., Hexcel Corp., Hyosung Advanced Materials, Kordcarbon AS, Kureha Corp., Mitsubishi Chemical Corp., Nippon Steel Corp., Osaka Gas Co. Ltd., Saudi Arabian Oil Co., SGL Carbon SE, SIMCO Global Technology and Systems Ltd., Solvay SA, Taekwang Group, Teijin Ltd., Toray Industries Inc., and UMATEX ROSATOM State Corp.

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.

Segment Overview

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

  • End-user Outlook 
    • Aerospace and defense
    • Sports and leisure
    • Wind energy
    • Automotive
    • Others
  • Raw Material Outlook 
    • PAN-based
    • Pitch-based
    • Rayon-based
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market plays a pivotal role in the development of various industries, including fuel cell vehicles and renewable energy sectors, owing to the demand for lightweight vehicles and wind turbine blades. Carbon fibers are crucial components in the production of CFRP composites, which are used in aerospace, automotive, and sports applications due to their chemical attack resistance and energy efficiency. The market is witnessing advancements in automated fiber placement and resin infusion techniques, enabling the production of high-quality components for aerospace & defense and sports or leisure industries. As the focus on reducing CO2 emission levels grows, carbon fibers are increasingly becoming the material of choice for molding and compound processes.

The market is witnessing significant growth driven by the demand for electric cars, fuel-efficient vehicles, and renewable energy solutions. Key factors contributing to this growth include the development of innovative materials such as vinyl ester and epoxy, as well as advancements in inorganic and organic approaches to carbon fiber production. The aerospace sector is a major consumer of carbon fibers, utilizing them in applications such as aircraft components due to their lightweight and high-strength properties. Additionally, the market is seeing increased use of pitch-based carbon fiber in wind turbine applications, further driving its expansion. The The market is growing due to demand from the End-use industry for Aerospace applications and Sports and leisure applications, with inorganic approaches advancing production methods.

 Market Scope

Report Coverage

Details

Page number

179

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.43%

Market growth 2023-2027

USD 2.73 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.78

Regional analysis

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

Performing market contribution

North America at 32%

Key countries

US, China, Japan, Germany, and Russia

Competitive landscape

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

Key companies profiled

3M Co., China Composites Group Corp. Ltd., DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti., Evonik Industries AG, Formosa M Co. Ltd., Hexcel Corp., Hyosung Advanced Materials, Kordcarbon AS, Kureha Corp., Mitsubishi Chemical Corp., Nippon Steel Corp., Osaka Gas Co. Ltd., Saudi Arabian Oil Co., SGL Carbon SE, SIMCO Global Technology and Systems Ltd., Solvay SA, Taekwang Group, Teijin Ltd., Toray Industries Inc., and UMATEX ROSATOM State Corp.

Market dynamics

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

Customization purview

If our market 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 market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and 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 End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Raw Material
    • 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)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • 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 fiber market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global carbon fiber market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Raw Material Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Raw Material Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    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 End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Aerospace and defense - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)
    • 6.4 Sports and leisure - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Sports and leisure - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Sports and leisure - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Sports and leisure - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Sports and leisure - Year-over-year growth 2022-2027 (%)
    • 6.5 Wind energy - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Wind energy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Wind energy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Wind energy - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Wind energy - Year-over-year growth 2022-2027 (%)
    • 6.6 Automotive - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ million)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Raw Material

    • 7.1 Market segments
      • Exhibit 56: Chart on Raw Material - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Raw Material - Market share 2022-2027 (%)
    • 7.2 Comparison by Raw Material
      • Exhibit 58: Chart on Comparison by Raw Material
      • Exhibit 59: Data Table on Comparison by Raw Material
    • 7.3 PAN-based - Market size and forecast 2022-2027
      • Exhibit 60: Chart on PAN-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on PAN-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on PAN-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on PAN-based - Year-over-year growth 2022-2027 (%)
    • 7.4 Pitch-based - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Pitch-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Pitch-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Pitch-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Pitch-based - Year-over-year growth 2022-2027 (%)
    • 7.5 Rayon-based - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Rayon-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Rayon-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Rayon-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Rayon-based - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Raw Material
      • Exhibit 72: Market opportunity by Raw Material ($ million)
      • Exhibit 73: Data Table on Market opportunity by Raw Material ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Russia - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 China Composites Group Corp. Ltd.
              • Exhibit 127: China Composites Group Corp. Ltd. - Overview
              • Exhibit 128: China Composites Group Corp. Ltd. - Product / Service
              • Exhibit 129: China Composites Group Corp. Ltd. - Key offerings
            • 12.4 DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti.
              • Exhibit 130: DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti. - Overview
              • Exhibit 131: DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti. - Product / Service
              • Exhibit 132: DowAksa Ileri Kompozit Malzemeler San. Ltd. Sti. - Key offerings
            • 12.5 Formosa M Co. Ltd.
              • Exhibit 133: Formosa M Co. Ltd. - Overview
              • Exhibit 134: Formosa M Co. Ltd. - Product / Service
              • Exhibit 135: Formosa M Co. Ltd. - Key offerings
            • 12.6 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
            • 12.7 Hyosung Advanced Materials
              • Exhibit 141: Hyosung Advanced Materials - Overview
              • Exhibit 142: Hyosung Advanced Materials - Product / Service
              • Exhibit 143: Hyosung Advanced Materials - Key offerings
            • 12.8 Kureha Corp.
              • Exhibit 144: Kureha Corp. - Overview
              • Exhibit 145: Kureha Corp. - Business segments
              • Exhibit 146: Kureha Corp. - Key offerings
              • Exhibit 147: Kureha Corp. - Segment focus
            • 12.9 Mitsubishi Chemical Corp.
              • Exhibit 148: Mitsubishi Chemical Corp. - Overview
              • Exhibit 149: Mitsubishi Chemical Corp. - Business segments
              • Exhibit 150: Mitsubishi Chemical Corp. - Key news
              • Exhibit 151: Mitsubishi Chemical Corp. - Key offerings
              • Exhibit 152: Mitsubishi Chemical Corp. - Segment focus
            • 12.10 Nippon Steel Corp.
              • Exhibit 153: Nippon Steel Corp. - Overview
              • Exhibit 154: Nippon Steel Corp. - Business segments
              • Exhibit 155: Nippon Steel Corp. - Key offerings
              • Exhibit 156: Nippon Steel Corp. - Segment focus
            • 12.11 Osaka Gas Co. Ltd.
              • Exhibit 157: Osaka Gas Co. Ltd. - Overview
              • Exhibit 158: Osaka Gas Co. Ltd. - Business segments
              • Exhibit 159: Osaka Gas Co. Ltd. - Key offerings
              • Exhibit 160: Osaka Gas Co. Ltd. - Segment focus
            • 12.12 Saudi Arabian Oil Co.
              • Exhibit 161: Saudi Arabian Oil Co. - Overview
              • Exhibit 162: Saudi Arabian Oil Co. - Product / Service
              • Exhibit 163: Saudi Arabian Oil Co. - Key offerings
            • 12.13 SGL Carbon SE
              • Exhibit 164: SGL Carbon SE - Overview
              • Exhibit 165: SGL Carbon SE - Business segments
              • Exhibit 166: SGL Carbon SE - Key offerings
              • Exhibit 167: SGL Carbon SE - Segment focus
            • 12.14 SIMCO Global Technology and Systems Ltd.
              • Exhibit 168: SIMCO Global Technology and Systems Ltd. - Overview
              • Exhibit 169: SIMCO Global Technology and Systems Ltd. - Product / Service
              • Exhibit 170: SIMCO Global Technology and Systems Ltd. - Key offerings
            • 12.15 Solvay SA
              • Exhibit 171: Solvay SA - Overview
              • Exhibit 172: Solvay SA - Business segments
              • Exhibit 173: Solvay SA - Key news
              • Exhibit 174: Solvay SA - Key offerings
              • Exhibit 175: Solvay SA - Segment focus
            • 12.16 Teijin Ltd.
              • Exhibit 176: Teijin Ltd. - Overview
              • Exhibit 177: Teijin Ltd. - Business segments
              • Exhibit 178: Teijin Ltd. - Key offerings
              • Exhibit 179: Teijin Ltd. - Segment focus
            • 12.17 Toray Industries Inc.
              • Exhibit 180: Toray Industries Inc. - Overview
              • Exhibit 181: Toray Industries Inc. - Business segments
              • Exhibit 182: Toray Industries Inc. - Key offerings
              • Exhibit 183: Toray Industries Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 184: Inclusions checklist
                • Exhibit 185: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 186: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 187: Research methodology
                • Exhibit 188: Validation techniques employed for market sizing
                • Exhibit 189: Information sources
              • 13.5 List of abbreviations
                • Exhibit 190: List of abbreviations

              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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