Global demand for Carbon Fibers was declined sharply in 2020, dropping by 9.5% YOY in volume terms and 15.4% in value terms, due to reduction in demand for Carbon Fibers across major application areas amid the impact of coronavirus pandemic. Aerospace, automotive, and oil & gas applications have been hit hard by the pandemic during 2020.

COVID-19 pandemic has impacted the production rates of aircrafts significantly during 2020 as demand for new aircrafts drastically decreased. Additionally, the parked fleet of commercial aircraft reached record levels globally during 2020 as passenger traffic fell and airlines reduced capacity. Each new generation of commercial aircraft has used increasing quantities of advanced composites, replacing metals and other materials. This follows the trend previously seen in military fighter aircraft where advanced composites may now exceed 50% of the weight of the airframe.

Research Findings & Coverage

  • The global market for carbon fibers and carbon fiber reinforced plastics (CFRP) is analyzed in this report with respect to end-use applications, geographic regions and countries
  • The study provides market size and extensively analyzes each major end-use application of carbon fiber with market snapshot for the analysis period
  • Zero Emissions and Weight Reduction Targets to Drive Adoption of Carbon Fibers in Mainstream Automobiles
  • Demand for Carbon Fiber in Aerospace Industry Bolstered by Greater Acceptance in Commercial Aircrafts
  • Burgeoning Opportunities for Carbon Fiber in High-pressure Gas Storage Vessels
  • Recent Advances in Low-Cost Carbon Fiber Manufacturing
  • Key business trends focusing on product innovations/developments, capacity expansions, M&As, JVs and other recent industry developments
  • Major companies profiled – 154
  • The industry guide includes the contact details for 337 companies

Product Outline
The report analyzes the market for End-use Applications of Carbon Fibers and CFRP analyzed including:

  • Aerospace & Defense
  • Sports & Leisure
  • Wind Energy
  • Automotive
  • Pressure Vessels
  • Construction & Infrastructure
  • Molding Compounds (or Electrical & Electronic)
  • Oil & Gas
  • Other Industrial Applications

Analysis Period, Units and Growth Rates

  • The report reviews, analyzes and projects the global carbon fibers and carbon reinforced plastics (CFRP) market for the period 2017-2026 in terms of volumes in metric tons and market value in US$ and the compound annual growth rates (CAGRs) projected from 2020 through to 2026 with a special focus on the COVID-19 Pandemic impact and Y-o-Y growth for 2019-2020

Geographic Coverage

  • North America (The United States and Canada)
  • Europe (Denmark, France, Germany, Italy, Spain, The United Kingdom and Rest of Europe)
  • Japan
  • Asia excluding Japan (China, India, South Korea and Rest of Asia)
  • Rest of World (Brazil, Russia, Turkey and Other ROW)