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Global Carbon Fiber Market by Raw Material (Pan-based carbon fiber, Pitch-based carbon fiber & rayon-based carbon fiber) by Type (Continuous carbon fiber, Long carbon fiber, Short carbon fiber) – Business Overview, Analysis and Industry Forecast 2017-2023

 Chemical and Material

Report Overview

Global Carbon Fiber Market was valued at USD 2.93 Billion in the year 2017. Global Carbon Fiber market is further estimated to grow at a CAGR of 10.56% from 2018 to reach USD 5.35 Billion by the year 2023.

North America region holds the highest market share and is considered as the fastest growing market in the forecasted period. North America is expected to register the highest demand for carbon fiber, owing to the surge in demand from aerospace and defense, automotive, wind turbine, and sports/leisure industries.

Toray Industries Inc. (Japan), Teijin Limited (Japan), and SGL Group (Germany) are some of the major players in the global carbon fiber market. Toray Industries Inc. is the leader with the highest market share, followed by Teijin and Mitsubishi. Formosa and SGL group are the fourth and fifth-ranked players by revenue.


Increasing Demand for Fuel-efficient Vehicles

Increases Demand in Sporting Goods/Leisure Industry


High R&D investment and cost


Growing popularity of recycled carbon fiber (RCF)


Environmental regulations

The global carbon fiber market is segmented into, end-user industry type, product type, raw material type, form, and region. By product type, the market is segmented into Continuous carbon fiber, Long carbon fiber and Short carbon fiber of which Continuous carbon fiber is the largest product type for carbon fiber in terms of volume. On the basis of the end user industry, in the global carbon fiber market, the aerospace & defense end-use application has been estimated to have the largest market share in terms of value & volume in 2017.

Key Benefits for Stakeholders

Carbon fiber manufacturers

Raw material suppliers

Distributors & suppliers

Industry associations

Government & Regulatory agencies and organizations

By Raw Material

Pan-based carbon fiber

Pitch-based carbon fiber & rayon-based carbon fiber

By Type

Continuous carbon fiber

Long carbon fiber

Short carbon fiber

By Form

Composite carbon fiber

Non-composite carbon fiber

By End-Use Industry


Aerospace & defense

Sporting Goods

Wind Energy

Civil Engineering

Pipe & Tank


Electrical & Electronics


By Region

North America




Key Market Players

Toray Industries Inc.

Adherent Technologies Inc.

TEIJIN Limited

Carbon Conversions

Mitsubishi Rayon Co., Ltd.

Cytec Solvay Group

SGL Group

Formosa Plastics Corporation - Tairylan Division

Hexcel Corp.


(A brief overview of 10 companies is also provided in the report.)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1.      Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2.      Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3.      To avoid bias, we filter the collected data collected from authenticated sources.
  4.      GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5.      Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.

Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

    Key Data from Secondary Research

       2.1.2. Primary Research

    Key Data from Primary Research

    Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottom-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Carbon Fiber Market, By Raw Material

6.1 Pan-based carbon fiber

6.2 Pitch-based carbon fiber & rayon-based carbon fiber

7. Carbon Fiber Market, By Type

7.1 Continuous carbon fiber

7.2 Long carbon fiber

7.3 Short carbon fiber

8. Carbon Fiber Market, By Form

8.1 Composite carbon fiber

8.2 Non-composite carbon fiber

9. Carbon Fiber Market, By End-Use Industry

9.1 Automotive

9.2 Aerospace & defense

9.3 Sporting Goods

9.4 Wind Energy

9.5 Civil Engineering

9.6 Pipe & Tank

9.7 Marine

9.8 Electrical & Electronics

9.9 Others

10. Geographical Analysis

10.1. Introduction

10.2. North America

       10.2.1. U.S.

       10.2.2. Canada

       10.2.3. Mexico

10.3. Europe

       10.3.1. U.K.

       10.3.2. Germany

       10.3.3. France

       10.3.4. RoE

10.4. Asia Pacific

       10.4.1. South Korea

       10.4.2. China

       10.4.3. Japan

       10.4.4. RoAPAC

10.5. RoW

       10.5.1. Latin America

       10.5.2. Middle East and Africa

11. Company Profiles

(Business Overview, Financial Overview, Product write up, Recent Developments)

11.1 Toray Industries Inc.

11.2 Adherent Technologies Inc.

11.3 TEIJIN Limited

11.4 Carbon Conversions

11.5 Mitsubishi Rayon Co., Ltd.

11.6 Cytec Solvay Group

11.7 SGL Group

11.8 Formosa Plastics Corporation - Tairylan Division

11.9 Hexcel Corp.

11.10 Dowaksa

(A brief overview of 10 companies is also provided in the report.)

12. Competitive Analysis

12.1. Introduction

12.2. Market Positioning of Key Players

12.3 Competitive Strategies Adopted by Leading Players

        12.3.1. Investments & Expansions

        12.3.2. New Product Launches

        12.3.3. Mergers & Acquisitions

        12.3.4. Agreements, Joint Ventures, and Partnerships

13. Appendix

13.1. Questionnaire

13.2. Available Customizations 

13.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

*The list of tables and figures will be provided in the sample report.


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