North America Carbon Fiber Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Raw Material (PAN, Pitch), End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, and Others)

Code: TIPRE00007922 | Pages: 99 | Industry: Chemicals and Materials | Date: May 2021 | Type: Regional

Market Introduction

North America comprises developed economies including the US and Canada along with some developing nations such as Mexico. The companies are continuously striving to meet the customer demand for carbon fibers by improving their overall business processes. The current growth of the market for carbon fibers in North America is attributed to the presence of well-established or leading carbon fiber manufacturers in this region. Toray Industries, Inc., Tejin Limited, SGL Group, and Mitsubishi Chemical Corporation are the major carbon fiber manufacturers operating in North America; these companies provide carbon fibers for numerous industrial application.

The North American Government are highly involved in introducing and supporting the manufacturer’s initiative for the development of carbon fibers with low weight to high strength ratio, energy-efficiency, and eco-friendliness. Also, the carbon fiber manufacturers are working closely with automotive manufacturers to develop low-cost, high-quality products, thereby allowing to expand the usage of carbon fibers in greater number of automotive vehicles. For example, in 2010, the joint venture of SGL Group and BMW group, announced its plan to develop a carbon fiber production plant in Moses Lake, Washington, US, with a major focus on the development of lightweight carbon fibers to be used in future electrical vehicle concepts. The growing use of vehicles powered by compressed natural gas is also one of the major factors contributing to the growth of the market for carbon fibers. In the US, the prices of natural gas have fallen due to the revolution of shale gas, which leads to rise in the number of automotive vehicles opting for natural gas instead of diesel. This has, therefore, increased the demand for carbon fiber fuel tanks which further propel the growth of the carbon fiber market.

Thus, the growth in the sector is expected to create a significant demand for Carbon Fiber in the coming years, which is further anticipated to drive the Carbon Fiber market

The US has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is negatively impacting the consumer goods industry in the region as the COVID-19 pandemic negatively affects the supply and distribution chain.


Get more information on this report :



Market Overview and Dynamics

The Carbon Fiber Market in North America is expected to grow from US$ 907.32 million in 2019 to US$ 2058.44 million by 2027; it is estimated to grow at a CAGR of 10.9% from 2020 to 2027. Increasing usage of carbon fiber in the sporting goods industry. The high-strength, modulus, and light-weight characteristics of carbon fiber have led to rising demand from the sporting goods manufacturing industry. Sporting goods such as golf shafts, racquets, skis, snowboards, hockey sticks, fishing rods, bats, and bicycles are manufactured using carbon fiber. Carbon fiber provides design flexibility when designing highly-specific applications. The precise shape of equipment, which is critical to its performance, is easily achieved with the use of carbon fiber materials. Carbon fiber helps to enhance the performance of bikers and golfers. The most specific use of carbon fiber in the sporting equipment is seen in the tennis racket. Players can hit faster ball with the lighter racket and control the ball better with a larger area of the racket. These factors are driving the demand for carbon fiber in various sporting equipment’s. The increasing demand for carbon fiber based sporting equipment provides a lucrative market opportunity for key and new market players.. This is bolstering the growth of the Carbon Fiber Market.

Key Market Segments

The market for Carbon Fiber Market is segmented into Raw Material; End Use Industry, and country Based on Raw Material, the market is segmented into PAN and Pitch. In 2019, the PAN held the largest share North America Carbon Fiber Market. Based on End Use Industry the North America Carbon Fiber Market is divided into automotive, aerospace and defense, construction, sporting goods, wind energy and others. Aerospace and defense is expected to the fastest growing segment over the forecast period

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Carbon Fiber Market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are DowAksa, Formosa Plastic Corporation, Hexcel Corporation, Hyosung Corporation, Kureha Corporation, Mitsubishi Chemical Corporation, SGL Carbon, Solvay, Teijin Limited, Toray Industries,Inc.

Reasons to buy report

  • To understand the North America Carbon Fiber Market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America Carbon Fiber Market
  • Efficiently plan M&A and partnership deals in North America Carbon Fiber Market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America Carbon Fiber Market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

North America Carbon Fiber Market Segmentation

North America Carbon Fiber Market – By Raw Material

  • PAN
  • Pitch

North America Carbon Fiber Market– By End Use Industry

  • Automotive
  •  Aerospace and Defense
  •  Construction
  • Sporting Goods
  • Wind Energy
  •  Others

North America Carbon Fiber Market – By Country

  • US
  • Canada
  • Mexico   

 

North America Carbon Fiber Market -Companies Mentioned

  • DowAksa
  • Formosa Plastic Corporation
  • Hexcel Corporation
  • Hyosung Corporation
  • Kureha Corporation
  • Mitsubishi Chemical Corporation
  • SGL Carbon
  •  Solvay
  • Teijin Limited
  • Toray Industries,Inc

1.          Introduction

1.1        Scope of the Study

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

1.3.1        North America Carbon Fiber Market, by Raw Material

1.3.2        North America Carbon Fiber Market, by End Use Industry

1.3.3        North America Carbon Fiber Market, by Country

2.          Key Takeaways

3.          Research Methodology

3.1        Coverage

3.2        Secondary Research

3.3        Primary Research

4.          North America Carbon Fiber Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.2.1        PEST Analysis: North American Carbon Fiber Market

4.3        Expert Opinions

5.          North America Carbon Fiber Market – Key Industry Dynamics

5.1        Key Market Drivers

5.1.1        Rising demands from automotive and aerospace applications

5.1.2        Increasing usage of carbon fiber in wind energy industry

5.2        Key Market Restraints

5.2.1        High costs and other disadvantages associated with carbon fibers

5.3        Key Market Opportunities

5.3.1        Increasing usage of carbon fiber in the sporting goods industry

5.4        Key Future Trends

5.4.1        Increasing use of carbon in 3D printing

5.5        Impact Analysis

6.          Carbon Fiber– North America Market Analysis

6.1        North America Carbon Fiber Market Overview

6.2        North America Carbon Fiber Market Forecast And Analysis

7.          North America Carbon Fiber Market Analysis – by Raw Material

7.1        Overview

7.2        North America Carbon Fiber Market Breakdown, By Raw Material, 2019 & 2027

7.3        Polyacrylonitrile (PAN)

7.3.1        Overview

7.3.2        North America PAN Market Revenue Forecasts to 2027 (US$ Mn)

7.4        Pitch

7.4.1        Overview

7.4.2        North America Pitch Market Revenue Forecasts to 2027 (US$ Mn)

8.          North America Carbon Fiber Market Analysis – By End-Use Industry

8.1        Overview

8.2        North America Carbon Fiber Market Breakdown, By End-Use Industry, 2019 & 2027

8.3        Automotive

8.3.1        Overview

8.3.2        North America Automotive Market Revenue and Forecasts to 2027 (US$ MN)

8.4        Aerospace and Defense

8.4.1        Overview

8.4.2        North America Aerospace and Defense Revenue And Forecasts to 2027 (US$ MN)

8.5        Construction

8.5.1        Overview

8.5.2        North America Construction Revenue and Forecasts to 2027 (US$ MN)

8.6        Sporting Goods

8.6.1        Overview

8.6.2        North America Sporting Goods Revenue and Forecasts to 2027 (US$ MN)

8.7        Wind Energy

8.7.1        Overview

8.7.2        North America Wind Energy Revenue and Forecasts to 2027 (US$ MN)

8.8        Others

8.8.1        Overview

8.8.2        North America Others Revenue and Forecasts to 2027 (US$ MN)

9.          Country Analysis Of Carbon Fiber Market

9.1        North America Carbon Fiber Market Revenue And Forecasts To 2027

9.1.1        North American Carbon Fiber Market Revenue and Forecasts to 2027 (US$ Mn)

9.1.2        North America Carbon Fiber Market Breakdown by Raw Material

9.1.3        North American Carbon Fiber Market Breakdown by End Use Industry

9.1.4        North American Carbon Fiber Market Breakdown, by Key Country

9.1.4.1          US Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.1.4.1.1          US Carbon Fiber Market Breakdown by Raw Material

9.1.4.1.2          US Carbon Fiber Market Breakdown by End Use Industry

9.1.4.2          Canada Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.1.4.2.1          Canada Carbon Fiber Market Breakdown by Raw Material

9.1.4.2.2          Canada Carbon Fiber Market Breakdown by End Use Industry

9.1.4.3          Mexico Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)

9.1.4.3.1          Mexico Carbon Fiber Market Breakdown by Raw Material

9.1.4.3.2          Mexico Carbon Fiber Market Breakdown by End Use Industry

10.       Overview- Impact of COVID-19

10.1      North America: Impact Assessment of COVID-19 Pandemic

11.       Industry Landscape

11.1      Merger & Acquisition

11.2      Product news

11.3      Investment Scenario

12.       Company Profiles

12.1      DowAksa

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Formosa Plastics Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Hexcel Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Hyosung Corporation

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Kureha Corporation

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.6      Mitsubishi Chemical Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      SGL Carbon

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Solvay

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Financial Overview

12.8.4     SWOT Analysis

12.8.5     Key Developments

12.9      Teijin Limited

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Toray Industries, Inc.

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.       Appendix

13.1      About The Insight Partners

13.2      Glossary

 

LIST OF TABLES

Table 1.            North America Carbon fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Table 2.            North America Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 3.            North America Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 4.            U.S. Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 5.            US Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 6.            Canada Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 7.            Canada Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 8.            Mexico Carbon Fiber Market Revenue And Forecasts To 2027 – By Raw Material (US$ Mn)

Table 9.            Mexico Carbon Fiber Market Revenue And Forecasts To 2027 – By End Use Industry (US$ Mn)

Table 10.          Glossary of terms, Carbon Fiber Market


LIST OF FIGURES

Figure 1.           North America Carbon Fiber Market Segmentation

Figure 2.           North America Carbon Fiber Market Segmentation – By Country

Figure 3.           North America Carbon Fiber Market Overview

Figure 4.           Polyacrylonitrile Held Larger Share of North America Carbon fiber Market in 2019

Figure 5.           North America Carbon Fiber Market, by Country, Value and CAGR

Figure 6.           Carbon Fiber Industry Landscape

Figure 7.           PEST Analysis for North American Carbon Fiber Market

Figure 8.           Impact Analysis of Drivers and Restraints

Figure 9.           North America Carbon Fiber Market Forecast And Analysis, (US$ Mn)

Figure 10.        North America Carbon Fiber Market Breakdown By Raw Material, Value, 2019 & 2027 (%)

Figure 11.        North America PAN Market Revenue Forecasts To 2027 (US$ Mn)

Figure 12.        North America Pitch Market Revenue Forecasts To 2027 (US$ Mn)

Figure 13.        North America Carbon Fiber Market Breakdown By End-Use Industry, By Value, 2019 & 2027 (%)

Figure 14.        North America Automotive Market Revenue and Forecasts to 2027 (US$ MN)

Figure 15.        North America Aerospace and Defense Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 16.        North America Construction Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 17.        North America Sporting Goods Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 18.        North America Wind Energy Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 19.        North America Others Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 20.        North America Carbon Fiber Market by Key Country- Revenue (2019) (US$ Mn)

Figure 21.        North America Carbon Fiber Market Revenue And Forecasts To 2027 (US$ Mn)

Figure 22.        North American Carbon Fiber Market Breakdown, By Raw Material , 2019 & 2027 (%)

Figure 23.        North American Carbon Fiber Market Breakdown by End Use Industry, 2019 & 2027 (%)

Figure 24.        North America Carbon Fiber Market Breakdown by Country, 2019 & 2027(%)

Figure 25.        US Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 26.        Canada Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 27.        Mexico Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)

Figure 28.          Impact of COVID-19 Pandemic in North American Country Markets

The List of Companies - North America Carbon Fiber Market

  1. DowAksa
  2. Formosa Plastic Corporation
  3. Hexcel Corporation
  4. Hyosung Corporation
  5. Kureha Corporation
  6. Mitsubishi Chemical Corporation
  7. SGL Carbon
  8. Solvay
  9. Teijin Limited
  10. Toray Industries,Inc

 

Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$3000
Site License
$4000
Enterprise License
$5000