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Global Gas Phase Grown Carbon Fiber Market by Type (PAN Based, Asphalt Based) by Applications (Aerospace & Defense, Automotive, Electrical & Electronics, Building & Construction, Medical) – Business Overview, Analysis and Industry Forecast 2017-2023

 Chemical and Material

Report Overview

Global Gas-Phase-Grown Carbon Fiber Market was valued at USD XX Billion in the year 2017. Global Gas-Phase-Grown Carbon Fiber Market is further estimated to grow at a CAGR of XX % from 2018 to reach USD XX Billion by the year 2023. Gas-phase-grown carbon fiber is manufactured through the catalytic decomposition of hydrocarbons such as methane and benzene in the vapor phase. 

North America region holds the highest market share in 2017 and is considered as the fastest growing market in the forecasted period. At a country level, U.S is the major markets in the North America region and holds a substantial market share in 2017 and it is projected to grow at a gradual pace in the coming years. The growth is attributed because of technological advancements and increasing application in the medical industry.

The report segments the gas-phase-grown carbon fiber market on the basis of type and application. Based on the type, the market is bifurcated into polyacrylonitrile (PAN) based and asphalt based. On the basis of application, the market is segmented into aerospace & defense, automotive, electrical & electronics, building & construction, medical, and others.


            The rapid development of electronic devices

            Growth in the automotive sector


            High price and long production cycles


            The rise in the demand for high-performance products in aerospace & defense


            High Research and Development Cost

Mitsubishi Plastics, Inc. (Japan), Formosa Plastics Corporation (Taiwan), SGL Group (Germany), SABIC (Saudi Arabia), Toray Carbon Fibers America, Inc. (U.S.), and Teijin Limited (Japan) among others are some of the key players in the Global Gas-Phase-Grown Carbon Fiber Market.

Key Benefits for Stakeholders

Carbon fiber manufacturers

Raw material suppliers

Distributors & suppliers

Industry associations

Government & Regulatory agencies and organizations

By Type


Asphalt Based

By Application

Aerospace & Defense


Electrical & Electronics

Building & Construction



By Region

North America




Key Market Players

Toray Industries Inc.

SGL Group

TEIJIN Limited

Zhongfu Shenying Carbon Fiber Co., Ltd.

Mitsubishi Rayon Co., Ltd.

Cytec Solvay Group

Jiangsu Hengshen Fibre Material Co., Ltd.

Formosa Plastics Corporation - Tairylan Division

Hexcel Corp.


(Another brief information of 10 companies will be 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.
  6.      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. Global Gas-Phase-Grown Carbon Fiber Market, By Type

6.1 PAN Based

6.2 Asphalt Based

7. Global Gas-Phase-Grown Carbon Fiber Market, By Application

7.1 Aerospace & Defense

7.2 Automotive

7.3 Electrical & Electronics

7.4 Building & Construction

7.5 Medical

7.6 Others

8. Geographical Analysis

8.1. Introduction

8.2. North America

       8.2.1. U.S.

       8.2.2. Canada

       8.2.3. Mexico

8.3. Europe

       8.3.1. U.K.

       8.3.2. Germany

       8.3.3. Italy

       8.3.4. France

       8.3.5. RoE

8.4. Asia Pacific

       8.4.1. South Korea

       8.4.2. China

       8.4.3. Japan

       8.4.4. South Korea

       8.4.5. RoAPAC

8.5. RoW

       8.5.1. Latin America

       8.5.2. Middle East and Africa

9. Company Profiles

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

9.1 Toray Industries Inc.

9.2 SGL Group

9.3 TEIJIN Limited

9.4 Zhongfu Shenying Carbon Fiber Co., Ltd.

9.5 Mitsubishi Rayon Co., Ltd.

9.6 Cytec Solvay Group

9.7 Jiangsu Hengshen Fibre Material Co., Ltd.

9.8 Formosa Plastics Corporation - Tairylan Division

9.9 Hexcel Corp.

9.10 Dowaksa 

(Another brief information of 10 companies will be provided in the report.)

10. Competitive Analysis

10.1. Introduction

10.2. Market Positioning of Key Players

10.3 Competitive Strategies Adopted by Leading Players

        10.3.1. Investments & Expansions

        10.3.2. New Product Launches

        10.3.3. Mergers & Acquisitions

        10.3.4. Agreements, Joint Ventures, and Partnerships

11. Appendix

11.1. Questionnaire

11.2. Available Customizations 

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

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


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